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Velocity Minerals Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 0.00 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00 0.00
Cost Of Revenue 4,706 5,846 10,378 12,519 1,373
Gross Profit -4,706 -5,846 -10,378 -12,519 -1,373
Selling General And Administration 360,437 571,069 1.3M 693,877 414,753
General And Administrative Expense 360,437 571,069 1.3M 693,877 414,753
Other Operating Expenses 43,522 53,377 112,896 84,727 269,301
Operating Expense 403,959 624,446 1.4M 778,604 684,054
Operating Income -408,665 -630,292 -1.4M -791,123 -685,427
EBIT -1.1M -467,148 21,849 -188,691 -674,294
Interest Expense 53,788 15,738 1,896 3,027 4,134
Interest Expense Non Operating 53,788 15,738 1,896 3,027 4,134
Interest Income 172,591 49,017 5,354 8,211 4,170
Interest Income Non Operating 172,591 49,017 5,354 8,211 4,170
Net Interest Income 118,803 33,279 3,458 5,184 36.00
Other Income Expense -866,077 114,127 1.4M 594,221 6,963
Other Non Operating Income Expenses 34,041 167,391 1.4M 494,925 13,838
Special Income Charges -975,891 0.00 -- -- --
Restructuring And Mergern Acquisition 0.00 0.00 -- -- --
Gain On Sale Of Security 75,773 -53,264 -27,560 99,296 -6,875
Pretax Income -1.2M -482,886 19,953 -191,718 -678,428
Tax Effect Of Unusual Items 0.00 0.00 -4,134 0.00 0.00
Net Income From Continuing And Discontinued Operation -1.1M -489,644 21,849 -443,350 -672,736
Net Income From Continuing Operation Net Minority Interest -1.1M -489,644 21,849 -443,350 -672,736
Net Income Including Noncontrolling Interests -1.2M -482,886 19,953 -451,098 -678,428
Minority Interests 38,074 -6,758 1,896 7,748 5,692
Net Income Common Stockholders -1.1M -489,644 21,849 -443,350 -672,736
Net Income -1.1M -489,644 21,849 -443,350 -672,736
EBITDA -1.1M -461,302 32,227 -164,742 -672,921
Normalized EBITDA -197,327 -408,038 59,787 -264,038 -666,046
Reconciled Depreciation 4,706 5,846 10,378 23,949 1,373
Basic EPS -0.01 0.00 0.00 -- 0.00
Diluted EPS -0.01 0.00 0.00 -- 0.00
Basic Average Shares 197.2M 197.2M 197.2M -- 196.3M
Diluted Average Shares 197.2M 197.2M 197.2M -- 196.3M
Total Unusual Items -900,118 -53,264 -27,560 99,296 -6,875
Total Unusual Items Excluding Goodwill -900,118 -53,264 -27,560 99,296 -6,875
Tax Rate For Calcs 0.00 0.00 0.15 0.00 0.00
Normalized Income -217,747 -436,380 45,275 -542,646 -665,861
Diluted NI Availto Com Stockholders -1.1M -489,644 21,849 -443,350 -672,736
Impairment Of Capital Assets 975,891 -- -- -- --
Net Income Continuous Operations -1.2M -482,886 19,953 -451,098 -678,428
Net Non Operating Interest Income Expense 118,803 33,279 3,458 5,184 36.00
Other Gand A 159,836 329,212 797,029 469,903 200,263
Reconciled Cost Of Revenue 4,706 5,846 10,378 12,519 1,373
Salaries And Wages 200,601 241,857 480,319 223,974 214,490
Total Expenses 408,665 630,292 1.4M 791,123 685,427
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 2.9M 327,575 1.4M 1.2M 1.4M
Cash Cash Equivalents And Short Term Investments 2.9M 327,575 1.4M 1.2M 1.4M
Cash Financial -- -- -- -- 1.4M
Accounts Receivable -- 473,802 60,831 15,691 19,493
Receivables 474,568 678,733 93,644 112,230 118,040
Prepaid Assets 46,671 77,118 77,341 59,859 73,005
Current Assets 3.4M 1.1M 1.6M 1.4M 1.6M
Gross PPE -- -- -- 27.4M --
Accumulated Depreciation -- -- -- -406,433 --
Net PPE 26.2M 27.3M 27.2M 27.0M 26.8M
Other Non Current Assets 23.1M 22.5M -- -- --
Total Non Current Assets 49.3M 49.8M 27.2M 27.0M 26.8M
Total Assets 52.7M 50.9M 28.8M 28.4M 28.3M
Current Debt And Capital Lease Obligation 8,906 17,153 36,962 59,254 83,881
Accounts Payable 1.1M 1.2M 904,847 561,536 459,503
Payables 1.1M 1.2M 1.2M 822,866 459,503
Payables And Accrued Expenses 1.1M 1.2M 1.2M 822,866 459,503
Current Liabilities 3.6M 1.2M 1.2M 882,120 543,384
Long Term Debt And Capital Lease Obligation 6,214 7,678 9,555 10,568 23,457
Long Term Capital Lease Obligation 6,214 7,678 9,555 10,568 23,457
Other Non Current Liabilities 23.0M 22.5M -- -- --
Total Non Current Liabilities Net Minority Interest 23.0M 22.5M 9,555 10,568 23,457
Total Liabilities Net Minority Interest 26.6M 23.7M 1.2M 892,688 566,841
Common Stock 44.7M 44.7M 44.7M 44.7M 44.6M
Capital Stock 44.7M 44.7M 44.7M 44.7M 44.6M
Retained Earnings -26.4M -25.3M -24.8M -24.8M -24.4M
Gains Losses Not Affecting Retained Earnings 3.0M 2.9M 2.8M 2.8M 2.8M
Common Stock Equity 21.3M 22.4M 22.8M 22.7M 23.0M
Stockholders Equity 21.3M 22.4M 22.8M 22.7M 23.0M
Total Equity Gross Minority Interest 26.1M 27.2M 27.5M 27.5M 27.8M
Minority Interest 4.8M 4.8M 4.8M 4.8M 4.8M
Total Capitalization 21.3M 22.4M 22.8M 22.7M 23.0M
Net Tangible Assets 21.3M 22.4M 22.8M 22.7M 23.0M
Tangible Book Value 21.3M 22.4M 22.8M 22.7M 23.0M
Working Capital -230,137 -91,218 373,223 524,429 1.0M
Invested Capital 21.3M 22.4M 22.8M 22.7M 23.0M
Total Debt 15,120 24,831 46,517 69,822 107,338
Share Issued 197.2M 197.2M 197.2M 197.2M 196.3M
Ordinary Shares Number 197.2M 197.2M 197.2M 197.2M 196.3M
Accrued Interest Receivable 9,654 45,466 -- -- --
Capital Lease Obligations 15,120 24,831 46,517 69,822 107,338
Current Capital Lease Obligation 8,906 17,153 36,962 59,254 83,881
Current Deferred Liabilities 2.5M -- -- 0.00 0.00
Income Tax Payable 0.00 0.00 272,279 261,330 --
Machinery Furniture Equipment -- -- -- 481,567 --
Non Current Accounts Receivable -- -- -- -- --
Other Equity Interest -- -- -- -- --
Other Properties -- -- -- 26.9M --
Other Receivables -- 8,479 32,813 56,083 78,337
Taxes Receivable 464,914 150,986 -- 40,456 20,210
Total Tax Payable 0.00 0.00 272,279 261,330 --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 22.2M -1.0M 425,397 -70,564 -256,490
Cash Flow From Continuing Operating Activities 22.2M -1.0M 425,397 -70,564 -256,490
Depreciation And Amortization 4,706 5,846 10,378 23,949 1,373
Depreciation Amortization Depletion 4,706 5,846 10,378 23,949 1,373
Stock Based Compensation 61,040 77,371 38,006 47,122 51,588
Change In Working Capital 22.5M -599,012 351,059 360,410 330,767
Change In Receivables -264,318 -145,119 670.00 8,847 269,231
Change In Payables And Accrued Expense -209,981 -454,116 367,871 338,417 53,494
Change In Payable -209,981 -454,116 367,871 338,417 53,494
Other Non Cash Items -172,545 -49,628 -5,636 -29,592 -910.00
Capital Expenditure -1.5M -293,099 -244,849 -179,421 -125,826
Purchase Of PPE -1.5M -293,099 -244,849 -179,421 -125,826
Net PPE Purchase And Sale -1.5M -293,099 -244,849 -179,421 -125,826
Investing Cash Flow -42.2M 22.4M -242,789 -154,514 -218,602
Cash Flow From Continuing Investing Activities -42.2M 22.4M -242,789 -154,514 -218,602
Issuance Of Debt 8,607 25,449 25,448 25,863 26,437
Repayment Of Debt -9,885 -20,573 -28,530 -29,053 -28,659
Net Issuance Payments Of Debt -1,278 4,876 -3,082 -3,190 -2,222
Issuance Of Capital Stock 0.00 0.00 4,400 87,920 0.00
Net Common Stock Issuance 0.00 0.00 4,400 87,920 0.00
Financing Cash Flow -2,394 39,452 1,318 84,498 -2,423
Cash Flow From Continuing Financing Activities -2,394 39,452 1,318 84,498 -2,423
Changes In Cash -20.0M 21.4M 181,866 -140,580 -477,515
Beginning Cash Position 22.8M 1.4M 1.2M 1.4M 1.9M
End Cash Position 2.9M 22.8M 1.4M 1.2M 1.4M
Free Cash Flow 20.7M -1.3M 180,548 -249,985 -382,316
Income Tax Paid Supplemental Data 272,279 0.00 0.00 0.00 0.00
Interest Paid Supplemental Data -272,279 272,279 0.00 0.00 0.00
Change In Account Payable -209,981 -- -- -- 53,494
Change In Income Tax Payable 0.00 -- -- -- 0.00
Change In Prepaid Assets 30,447 223.00 -17,482 13,146 8,042
Change In Tax Payable 0.00 -- -- -- 0.00
Common Stock Issuance 0.00 0.00 4,400 87,920 0.00
Depreciation 4,706 5,846 10,378 23,949 1,373
Interest Received Cfi 213,067 2,181 2,060 3,913 0.00
Long Term Debt Issuance 8,607 25,449 25,448 25,863 26,437
Long Term Debt Payments -9,885 -20,573 -28,530 -29,053 -28,659
Net Foreign Currency Exchange Gain Loss 0.00 -1,617 11,637 -21,355 39,120
Net Income From Continuing Operations -1.2M -482,886 19,953 -451,098 -678,428
Net Long Term Debt Issuance -1,278 4,876 -3,082 -3,190 -2,222
Net Other Financing Charges -1,116 -- -- -232.00 -201.00
Net Other Investing Changes -- -- -- 20,994 -92,776
Operating Gains Losses 0.00 -1,617 11,637 -21,355 39,120
Sale Of PPE -- -- -- 0.00 0.00
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