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5N Plus Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 391.1M 289.3M 242.4M 264.2M 210.0M
Operating Revenue 391.1M 289.3M 242.4M 264.2M 210.0M
Cost Of Revenue 273.6M 211.4M 184.8M 215.7M 171.2M
Gross Profit 117.5M 77.9M 57.5M 48.5M 38.8M
Selling General And Administration 35.0M 34.0M 29.4M 28.6M 21.9M
Other Operating Expenses 8.0M 11.6M 756,000 33.0M 4.0M
Operating Expense 43.1M 45.6M 30.2M 61.6M 25.9M
Operating Income 74.4M 32.2M 27.4M -13.1M 12.9M
EBIT 75.2M 32.8M 27.5M -12.8M 12.5M
Interest Expense 9.5M 9.2M 8.8M 5.5M 3.7M
Interest Expense Non Operating 9.5M 9.2M 8.8M 5.5M 3.7M
Interest Income -- -- -- 274,000 --
Interest Income Non Operating -- -- -- 274,000 --
Net Interest Income -9.5M -9.2M -8.8M -5.2M -3.7M
Other Income Expense 720,000 549,000 136,000 -42,000 -418,000
Gain On Sale Of Security 720,000 549,000 136,000 -42,000 -418,000
Pretax Income 65.7M 23.6M 18.7M -18.3M 8.7M
Tax Provision 15.1M 8.9M 3.3M 4.7M 5.6M
Tax Effect Of Unusual Items 165,894 207,805 23,851 -11,008 -110,770
Net Income From Continuing And Discontinued Operation 50.6M 14.7M 15.4M -23.0M 3.1M
Net Income From Continuing Operation Net Minority Interest 50.6M 14.7M 15.4M -23.0M 3.1M
Net Income Including Noncontrolling Interests 50.6M 14.7M 15.4M -23.0M 3.1M
Net Income Common Stockholders 50.6M 14.7M 15.4M -23.0M 3.1M
Net Income 50.6M 14.7M 15.4M -23.0M 3.1M
EBITDA 93.0M 49.8M 43.9M 5.2M 25.2M
Normalized EBITDA 92.3M 49.3M 43.7M 5.2M 25.7M
Reconciled Depreciation 17.8M 17.0M 16.4M 18.0M 12.8M
Basic EPS 0.57 0.17 0.17 -0.26 0.04
Diluted EPS 0.56 0.16 0.17 -0.26 0.04
Basic Average Shares 89.1M 88.9M 88.5M 88.3M 82.6M
Diluted Average Shares 90.0M 89.7M 89.1M 88.3M 82.8M
Total Unusual Items 720,000 549,000 136,000 -42,000 -418,000
Total Unusual Items Excluding Goodwill 720,000 549,000 136,000 -42,000 -418,000
Tax Rate For Calcs 0.23 0.38 0.18 0.26 0.27
Normalized Income 50.0M 14.3M 15.3M -23.0M 3.4M
Diluted NI Availto Com Stockholders 50.6M 14.7M 15.4M -23.0M 3.1M
Net Income Continuous Operations 50.6M 14.7M 15.4M -23.0M 3.1M
Net Non Operating Interest Income Expense -9.5M -9.2M -8.8M -5.2M -3.7M
Reconciled Cost Of Revenue 273.6M 211.4M 184.8M 215.7M 171.2M
Total Expenses 316.6M 257.1M 215.0M 277.3M 197.1M
Total Operating Income As Reported 74.4M 32.2M 27.4M -13.1M 12.9M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 59.6M 22.1M 34.7M 42.7M 35.9M
Cash Cash Equivalents And Short Term Investments 59.6M 22.1M 34.7M 42.7M 35.9M
Accounts Receivable 41.4M 35.4M 25.1M 26.1M 34.9M
Receivables 52.3M 44.0M 35.1M 38.4M 47.2M
Inventory 163.7M 137.8M 105.8M 86.3M 95.5M
Other Current Assets 4.7M 4.5M 3.5M 3.7M 16.9M
Current Assets 302.2M 217.4M 182.0M 187.2M 195.5M
Gross PPE 229.3M 200.5M 192.4M 176.4M 171.6M
Accumulated Depreciation -101.4M -85.9M -78.5M -68.4M -57.9M
Net PPE 127.9M 114.6M 113.9M 108.0M 113.7M
Goodwill 12.1M 10.7M 11.8M 11.8M 13.8M
Goodwill And Other Intangible Assets 35.2M 33.6M 41.1M 43.4M 54.3M
Other Intangible Assets 23.1M 22.9M 29.3M 31.6M 40.5M
Investments And Advances 1.7M 3.0M 3.0M 2.0M 2.0M
Other Non Current Assets 517,000 509,000 604,000 623,000 717,000
Total Non Current Assets 173.0M 159.5M 168.2M 160.8M 178.1M
Total Assets 475.1M 376.9M 350.2M 348.0M 373.6M
Current Debt 1.2M -- 25.0M -- --
Current Debt And Capital Lease Obligation 3.4M 2.0M 26.8M 2.1M 2.5M
Accounts Payable 31.1M 15.3M 17.9M 14.3M 22.1M
Payables 45.1M 20.5M 22.4M 31.5M 36.7M
Payables And Accrued Expenses 93.1M 47.3M 41.6M 49.0M 52.1M
Current Accrued Expenses 48.0M 26.8M 19.1M 17.4M 15.3M
Current Deferred Revenue 12.8M 11.2M 13.4M 11.7M --
Other Current Liabilities -- -- -- -- 109,000
Current Liabilities 109.3M 60.5M 81.8M 62.8M 65.1M
Long Term Debt 108.6M 122.2M 83.5M 121.0M 116.0M
Long Term Debt And Capital Lease Obligation 136.6M 149.7M 111.8M 149.3M 146.2M
Long Term Capital Lease Obligation 28.0M 27.4M 28.3M 28.3M 30.2M
Other Non Current Liabilities 817,000 706,000 3.7M 2.1M 1.3M
Total Non Current Liabilities Net Minority Interest 166.9M 177.4M 139.8M 172.4M 172.3M
Total Liabilities Net Minority Interest 276.2M 237.9M 221.6M 235.2M 237.3M
Common Stock 22.9M 22.8M 21.9M 21.0M --
Capital Stock 22.9M 22.8M 21.9M 21.0M --
Additional Paid In Capital 343.1M 343.0M 343.0M 343.0M --
Retained Earnings -164.6M -215.2M -229.8M -245.2M --
Gains Losses Not Affecting Retained Earnings -2.5M -11.6M -6.5M -6.0M --
Other Equity Adjustments -2.5M -11.6M -6.5M -6.0M --
Common Stock Equity 199.0M 139.0M 128.6M 112.8M 136.2M
Stockholders Equity 199.0M 139.0M 128.6M 112.8M 136.2M
Total Equity Gross Minority Interest 199.0M 139.0M 128.6M 112.8M 136.2M
Total Capitalization 307.6M 261.2M 212.1M 233.8M 252.2M
Net Tangible Assets 163.8M 105.4M 87.5M 69.4M 81.9M
Tangible Book Value 163.8M 105.4M 87.5M 69.4M 81.9M
Working Capital 192.9M 156.9M 100.2M 124.3M 130.5M
Invested Capital 308.8M 261.2M 237.1M 233.8M 116.0M
Total Debt 140.0M 151.6M 138.6M 151.4M 148.6M
Net Debt 50.3M 100.1M 73.8M 78.3M 80.1M
Share Issued 89.1M 89.0M 88.7M 88.3M 88.3M
Ordinary Shares Number 89.1M 89.0M 88.7M 88.3M 88.3M
Allowance For Doubtful Accounts Receivable -34,000 -28,000 -38,000 -152,000 -149,000
Available For Sale Securities 1.7M 3.0M 3.0M 2.0M 2.0M
Buildings And Improvements 39.2M 36.8M 35.4M 35.3M 34.9M
Capital Lease Obligations 30.2M 29.4M 30.1M 30.4M 32.6M
Construction In Progress 15.0M 5.5M 17.7M 19.9M --
Current Capital Lease Obligation 2.2M 2.0M 1.8M 2.1M 2.5M
Current Deferred Liabilities 12.8M 11.2M 13.4M 11.7M 10.4M
Derivative Product Liabilities -- -- -- -- 0.00
Employee Benefits 12.7M 12.6M 13.4M 11.6M 17.2M
Finished Goods 96.4M 86.5M 69.6M 57.8M 64.7M
Gross Accounts Receivable 41.4M 35.4M 25.2M 26.3M 35.0M
Hedging Assets Current 19.6M 7.0M 591,000 5.5M --
Income Tax Payable 14.0M 5.2M 4.5M 8.8M 5.6M
Investmentin Financial Assets 1.7M 3.0M 3.0M 2.0M 2.0M
Land And Improvements 19.2M 18.8M 18.8M 18.8M 23.9M
Leases 12.1M 8.1M 6.7M 6.3M 5.2M
Machinery Furniture Equipment 6.3M 5.2M 5.1M 5.1M 5.1M
Non Current Deferred Assets 7.7M 7.7M 8.8M 6.8M 7.3M
Non Current Deferred Liabilities 16.7M 14.4M 10.9M 9.3M 7.6M
Non Current Deferred Revenue 11.5M 8.7M 5.6M 2.4M --
Non Current Deferred Taxes Assets 6.8M 7.4M 8.3M 6.0M 7.0M
Non Current Deferred Taxes Liabilities 5.2M 5.7M 5.3M 7.0M 7.6M
Non Current Pension And Other Postretirement Benefit Plans -- -- -- -- 17.2M
Non Current Prepaid Assets 0.00 101,000 836,000 0.00 --
Other Current Borrowings 1.2M -- 25.0M -- --
Other Payable -- -- -- 8.5M 9.0M
Other Properties 137.5M 126.2M 108.7M 91.0M 102.4M
Other Receivables 1.8M 2.9M 3.4M 3.5M 3.7M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 67.3M 51.3M 36.3M 28.4M 30.8M
Restricted Cash 2.2M 1.9M 2.2M 10.6M --
Taxes Receivable 9.1M 5.7M 6.6M 8.8M 8.6M
Total Tax Payable 14.0M 5.2M 4.5M 8.8M 5.6M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 67.4M -6.9M 19.0M 23.7M 10.3M
Cash Flow From Continuing Operating Activities 67.4M -6.9M 19.0M 23.7M 10.3M
Depreciation And Amortization 17.8M 17.0M 16.4M 18.0M 12.8M
Depreciation Amortization Depletion 17.8M 17.0M 16.4M 18.0M 12.8M
Stock Based Compensation 17.3M 7.2M 2.8M 1.9M -623,000
Deferred Tax -1.2M 2.0M -3.4M -2.2M 50,000
Deferred Income Tax -1.2M 2.0M -3.4M -2.2M 50,000
Change In Working Capital -2.5M -42.4M -13.1M 10.2M -6.3M
Changes In Account Receivables -6.2M -9.4M 74,000 5.4M -3.6M
Change In Receivables -6.2M -9.5M 3.9M 4.9M -3.3M
Change In Inventory -20.2M -33.9M -18.8M 2.4M -7.0M
Change In Payables And Accrued Expense 22.6M -997,000 -10.3M 1.5M 8.9M
Change In Payable 22.6M -997,000 -10.3M 1.5M 8.9M
Change In Other Working Capital 1.6M 2.0M 4.3M 1.8M 4.6M
Change In Other Current Assets -238,000 9,000 7.8M -427,000 -9.6M
Other Non Cash Items 1.3M 1.2M 690,000 605,000 336,000
Capital Expenditure -20.8M -21.2M -18.2M -17.1M -5.9M
Purchase Of PPE -20.1M -20.8M -17.3M -16.1M -5.4M
Net PPE Purchase And Sale -20.1M -16.6M -17.0M -16.0M -5.1M
Purchase Of Business -- -- -1.0M -2.7M -35.3M
Purchase Of Investment 0.00 -1.0M -1.0M -- --
Sale Of Investment 6.9M 0.00 6.5M 0.00 --
Net Investment Purchase And Sale 6.9M -1.0M 5.5M 0.00 --
Investing Cash Flow -13.9M -18.0M -12.4M -19.0M -49.9M
Cash Flow From Continuing Investing Activities -13.9M -18.0M -12.4M -19.0M -49.9M
Issuance Of Debt 2.8M 24.9M 0.00 10.0M 71.0M
Repayment Of Debt -18.3M -13.1M -15.4M -8.0M -34.4M
Net Issuance Payments Of Debt -15.6M 11.8M -15.4M 2.0M 36.6M
Issuance Of Capital Stock 64,000 652,000 633,000 0.00 646,000
Repurchase Of Capital Stock -- -- -- 0.00 -809,000
Net Common Stock Issuance 64,000 652,000 633,000 0.00 -163,000
Common Stock Payments -- -- -- 0.00 -809,000
Financing Cash Flow -16.5M 12.4M -14.7M 2.4M 36.2M
Cash Flow From Continuing Financing Activities -16.5M 12.4M -14.7M 2.4M 36.2M
Effect Of Exchange Rate Changes 392,000 -86,000 128,000 -405,000 -570,000
Changes In Cash 37.0M -12.5M -8.1M 7.2M -3.4M
Beginning Cash Position 22.1M 34.7M 42.7M 35.9M 40.0M
End Cash Position 59.6M 22.1M 34.7M 42.7M 35.9M
Free Cash Flow 46.6M -28.1M 731,000 6.7M 4.3M
Income Tax Paid Supplemental Data 7.6M 6.0M 6.9M 3.7M 2.5M
Interest Paid Supplemental Data 7.0M 8.2M 7.3M 5.4M 2.8M
Amortization Cash Flow 3.3M 3.4M 3.5M 3.6M 2.1M
Amortization Of Intangibles 3.3M 3.4M 3.5M 3.6M 2.1M
Asset Impairment Charge 475,000 2.7M 672,000 12.5M 0.00
Capital Expenditure Reported -- -- -- -16.1M -5.4M
Change In Account Payable 14.1M -1.7M -6.1M -1.7M 6.6M
Change In Income Tax Payable 8.5M 685,000 -4.2M 3.2M 2.3M
Change In Tax Payable 8.5M 685,000 -4.2M 3.2M 2.3M
Common Stock Issuance 64,000 652,000 633,000 0.00 646,000
Depreciation 14.5M 13.7M 12.8M 14.4M 10.7M
Gain Loss On Sale Of Business -- -- 0.00 7.8M 0.00
Gain Loss On Sale Of PPE 15,000 -2.1M 973,000 -13,000 171,000
Long Term Debt Issuance 2.8M 24.9M 0.00 10.0M 71.0M
Long Term Debt Payments -18.3M -13.1M -15.4M -8.0M -34.4M
Net Business Purchase And Sale -- -- -1.0M -2.7M -35.3M
Net Foreign Currency Exchange Gain Loss 2.0M -1.3M 634,000 -951,000 217,000
Net Income From Continuing Operations 50.6M 14.7M 15.4M -23.0M 3.1M
Net Intangibles Purchase And Sale -651,000 -418,000 -902,000 -993,000 -541,000
Net Long Term Debt Issuance -15.6M 11.8M -15.4M 2.0M 36.6M
Net Other Financing Charges -960,000 -101,000 1.7M 408,000 -241,000
Net Other Investing Changes -- -- -- 693,000 -9.0M
Operating Gains Losses 1.6M -3.6M 1.4M 6.7M -93,000
Pension And Employee Benefit Expense -392,000 -248,000 -246,000 -403,000 -481,000
Provisionand Write Offof Assets 6,000 -10,000 -114,000 3,000 3,000
Purchase Of Intangibles -651,000 -418,000 -902,000 -993,000 -541,000
Sale Of PPE 4,000 4.2M 375,000 20,000 285,000
Unrealized Gain Loss On Investment Securities -18.0M -5.7M -1.7M -1.0M 982,000
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