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Vertiqal Studios Corp.

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 2.2M 777,766 705,845 1.1M 1.9M
Operating Revenue 2.2M 777,766 705,845 1.1M 1.9M
Cost Of Revenue 925,319 276,769 138,659 192,269 870,162
Gross Profit 1.2M 500,997 567,186 858,429 993,474
Selling General And Administration 1.8M 1.2M 1.2M 1.6M 1.4M
General And Administrative Expense 1.8M 1.2M 1.1M 1.6M 1.4M
Depreciation And Amortization In Income Statement 278,776 235,955 225,285 234,908 193,020
Other Operating Expenses -- 3,294 -- -- --
Operating Expense 2.1M 1.5M 1.4M 1.9M 1.6M
Operating Income -893,282 -957,312 -854,342 -1.0M -607,091
EBIT -2.8M -291,549 -1.1M -1.2M 616,611
Interest Expense 199,884 250,418 219,490 189,723 178,434
Interest Expense Non Operating 199,884 250,418 219,490 189,723 178,434
Interest Income 50.00 168.00 55.00 62.00 30,063
Interest Income Non Operating 50.00 168.00 55.00 62.00 30,063
Net Interest Income -199,834 -250,250 -219,435 -189,661 -148,371
Other Income Expense -1.9M 665,595 -239,636 -131,295 1.2M
Special Income Charges -1.6M -- -- -419,950 2.7M
Restructuring And Mergern Acquisition -- -- -- 0.00 0.00
Gain On Sale Of Security -380,818 665,595 -239,636 288,655 -1.5M
Pretax Income -3.0M -541,967 -1.3M -1.3M 438,177
Tax Provision 0.00 0.00 0.00 -457,625 490,385
Tax Effect Of Unusual Items 0.00 0.00 0.00 -44,711 179,046
Net Income From Continuing And Discontinued Operation -3.0M -541,967 -1.3M -886,192 -52,208
Net Income From Continuing Operation Net Minority Interest -3.0M -541,967 -1.3M -886,192 -52,208
Net Income Including Noncontrolling Interests -3.0M -541,967 -1.3M -886,192 -52,208
Net Income Common Stockholders -3.0M -541,967 -1.3M -886,192 -52,208
Net Income -3.0M -541,967 -1.3M -886,192 -52,208
EBITDA -2.6M -55,594 -868,638 -919,186 809,631
Normalized EBITDA -614,456 -721,189 -629,002 -787,891 -384,008
Reconciled Depreciation 275,240 211,084 225,285 234,908 193,020
Basic EPS -0.00 -0.00 -0.00 -- 0.00
Diluted EPS -0.00 -0.00 -0.00 -- 0.00
Basic Average Shares 768.7M 647.0M 646.5M -- 632.3M
Diluted Average Shares 768.7M 647.0M 646.5M -- 632.3M
Total Unusual Items -1.9M 665,595 -239,636 -131,295 1.2M
Total Unusual Items Excluding Goodwill -1.9M 665,595 -239,636 -131,295 1.2M
Tax Rate For Calcs 0.00 0.00 0.00 0.34 0.15
Normalized Income -1.1M -1.2M -1.1M -799,608 -1.1M
Depreciation Amortization Depletion Income Statement 278,776 235,955 225,285 234,908 193,020
Depreciation Income Statement -- 235,955 -- -- --
Diluted NI Availto Com Stockholders -3.0M -541,967 -1.3M -886,192 -52,208
Net Income Continuous Operations -3.0M -541,967 -1.3M -886,192 -52,208
Net Non Operating Interest Income Expense -199,834 -250,250 -219,435 -189,661 -148,371
Other Gand A 1.3M 1.1M 858,516 1.2M 1.0M
Other Special Charges 1.6M -- -- 0.00 -2.7M
Reconciled Cost Of Revenue 928,855 301,640 138,659 192,269 870,162
Salaries And Wages 479,381 31,677 268,423 372,897 347,165
Selling And Marketing Expense 41,711 69,004 69,304 23,833 16,229
Total Expenses 3.1M 1.7M 1.6M 2.1M 2.5M
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 397,535 360,780 196,171 506,130 491,543
Cash Cash Equivalents And Short Term Investments 397,535 360,780 196,171 506,130 491,543
Cash Financial 397,535 360,780 196,171 506,130 491,543
Accounts Receivable 2.1M 885,679 998,632 1.0M 2.2M
Receivables 2.4M 1.1M 1.4M 1.3M 2.4M
Prepaid Assets 322,849 207,098 199,566 202,960 226,845
Other Current Assets -- -- -- -- -1.00
Current Assets 3.1M 1.7M 1.8M 2.0M 3.1M
Gross PPE 576,167 244,337 231,890 232,644 --
Accumulated Depreciation -108,913 -58,098 -33,199 -8,300 --
Net PPE 467,254 186,239 198,691 224,344 9,303
Goodwill 3.6M -- -- -- --
Goodwill And Other Intangible Assets 8.9M 2.2M 2.4M 2.6M 2.6M
Other Intangible Assets 5.3M 2.2M 2.4M 2.6M 2.6M
Total Non Current Assets 9.3M 2.4M 2.6M 2.8M 2.6M
Total Assets 12.4M 4.0M 4.3M 4.9M 5.8M
Current Debt -- 4.6M 5.0M 4.7M 4.8M
Current Debt And Capital Lease Obligation 749,822 4.7M 5.1M 4.8M 4.8M
Accounts Payable 7.9M 2.1M 2.4M 2.7M 2.7M
Payables 8.5M 2.7M 3.2M 3.2M 3.2M
Payables And Accrued Expenses 8.5M 2.7M 3.2M 3.2M 3.2M
Current Deferred Revenue -- -- -- 0.00 0.00
Other Current Liabilities -- -- -- -- 121,536
Current Liabilities 9.3M 7.4M 8.3M 7.9M 8.1M
Long Term Debt 4.1M 2.4M 1.2M 749,622 584,253
Long Term Debt And Capital Lease Obligation 4.1M 2.5M 1.3M 876,030 584,253
Long Term Capital Lease Obligation 12,856 69,257 98,082 126,408 --
Total Non Current Liabilities Net Minority Interest 4.8M 2.5M 1.3M 916,658 1.1M
Total Liabilities Net Minority Interest 14.1M 9.9M 9.6M 8.9M 9.1M
Common Stock 60.7M 59.7M 59.7M 59.5M 59.5M
Capital Stock 60.7M 59.7M 59.7M 59.5M 59.5M
Retained Earnings -75.3M -72.3M -71.7M -70.4M -69.6M
Gains Losses Not Affecting Retained Earnings 1.2M 1.2M 1.1M 1.2M 1.1M
Other Equity Adjustments 1.2M 1.2M 1.1M 1.2M 1.1M
Common Stock Equity -1.7M -5.9M -5.3M -4.0M -3.4M
Stockholders Equity -1.7M -5.9M -5.3M -4.0M -3.4M
Total Equity Gross Minority Interest -1.7M -5.9M -5.3M -4.0M -3.4M
Total Capitalization 2.4M -3.5M -4.1M -3.2M -2.8M
Net Tangible Assets -10.6M -8.1M -7.7M -6.6M -6.0M
Tangible Book Value -10.6M -8.1M -7.7M -6.6M -6.0M
Working Capital -6.2M -5.8M -6.5M -5.9M -4.9M
Invested Capital 2.4M 1.1M 939,173 1.4M 2.0M
Total Debt 4.9M 7.2M 6.4M 5.6M 5.4M
Net Debt 3.7M 6.6M 6.0M 4.9M 4.9M
Share Issued 955.7M 647.0M 647.0M 645.5M 639.8M
Ordinary Shares Number 955.7M 647.0M 647.0M 645.5M 639.8M
Buildings And Improvements 556,679 224,095 224,095 224,095 --
Capital Lease Obligations 762,678 176,232 206,184 215,279 --
Current Capital Lease Obligation 749,822 106,975 108,102 88,871 --
Current Deferred Liabilities -- -- -- 0.00 0.00
Dueto Related Parties Current 154,743 154,743 291,569 5,069 5,069
Income Tax Payable 463,501 459,606 469,876 470,058 481,341
Non Current Deferred Assets -- -- -- -- 4,705
Non Current Deferred Liabilities 710,475 39,632 40,611 40,628 467,075
Non Current Deferred Taxes Assets -- -- -- -- 4,705
Non Current Deferred Taxes Liabilities 710,475 39,632 40,611 40,628 467,075
Non Current Prepaid Assets 4,425 4,425 4,425 4,425 4,425
Other Current Borrowings -- 4.6M 5.0M 4.7M 4.8M
Other Equity Interest 11.7M 5.5M 5.6M 5.8M 5.6M
Other Properties 19,488 20,242 7,795 8,549 --
Other Receivables 130,700 -- 458.00 458.00 458.00
Properties 0.00 0.00 0.00 0.00 --
Taxes Receivable 142,715 206,873 359,462 288,784 232,147
Total Tax Payable 463,501 459,606 469,876 470,058 481,341
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 -361,621 -648,611 -1.0M -762,681 661,629
Cash Flow From Continuing Operating Activities -361,622 -648,611 -1.0M -762,681 661,629
Depreciation And Amortization 275,240 211,084 225,285 234,908 193,020
Depreciation Amortization Depletion 275,240 211,084 225,285 234,908 193,020
Stock Based Compensation 8,325 69,808 69,041 175,504 96,480
Deferred Tax 0.00 -- -- -387,572 325,750
Deferred Income Tax 0.00 -- -- -387,572 325,750
Change In Working Capital 251,912 -40,046 -324,597 979,367 -80,980
Change In Receivables -441,348 266,000 -20,491 1.1M -596,494
Change In Inventory -- -- -- 0.00 0.00
Change In Payables And Accrued Expense 796,999 -298,514 -307,500 -130,800 585,220
Change In Payable 796,999 -298,514 -307,500 -130,800 585,220
Change In Other Working Capital -- -- -- 0.00 -47,094
Other Non Cash Items 209,116 108,523 350,186 250,916 148,371
Purchase Of Business -- -- -- 0.00 0.00
Investing Cash Flow -900,000 0.00 0.00 220,650 0.00
Cash Flow From Continuing Investing Activities -900,000 0.00 0.00 220,650 0.00
Issuance Of Debt 493,346 1.4M 286,500 0.00 0.00
Repayment Of Debt 325,330 -195,530 -257,164 -247,128 -301,827
Net Issuance Payments Of Debt 818,676 1.2M 29,336 -247,128 -301,827
Issuance Of Capital Stock 250,000 -250,000 700,000 0.00 0.00
Net Common Stock Issuance 250,000 -250,000 700,000 0.00 0.00
Financing Cash Flow 1.3M 737,944 729,336 951,013 -1.5M
Cash Flow From Continuing Financing Activities 1.3M 737,944 729,336 951,013 -1.5M
Effect Of Exchange Rate Changes 0.00 75,276 -765.00 -394,395 48,863
Changes In Cash 36,755 89,333 -309,194 408,982 -838,339
Beginning Cash Position 360,780 196,171 506,130 491,543 1.3M
End Cash Position 397,535 360,780 196,171 506,130 491,543
Free Cash Flow -361,621 -648,611 -1.0M -892,031 661,629
Change In Account Payable 792,108 -287,265 -307,301 -119,517 422,444
Change In Income Tax Payable 4,891 -11,249 -199.00 -11,283 162,776
Change In Prepaid Assets -103,739 -7,532 3,394 23,885 -22,612
Change In Tax Payable 4,891 -11,249 -199.00 -11,283 162,776
Common Stock Issuance 250,000 -250,000 700,000 0.00 0.00
Interest Received Cfo -- -- 2,831 -- --
Long Term Debt Issuance 643,020 -- -- 0.00 0.00
Long Term Debt Payments 325,330 -195,530 -257,164 -247,128 -301,827
Net Business Purchase And Sale -- -- -- 0.00 0.00
Net Foreign Currency Exchange Gain Loss -2,286 28,404 -47,863 -16,993 4,502
Net Income From Continuing Operations -3.0M -541,967 -1.3M -886,192 -52,208
Net Long Term Debt Issuance 968,350 1.4M -257,164 -247,128 -301,827
Net Other Investing Changes -- -- -- 350,000 0.00
Net Short Term Debt Issuance -- -136,826 286,500 -- --
Operating Gains Losses 1.6M 28,404 -47,863 -16,993 4,502
Proceeds From Stock Option Exercised -- -- -- -- 0.00
Provisionand Write Offof Assets -- -- 0.00 -- --
Short Term Debt Issuance -- -136,826 286,500 -- --
Unrealized Gain Loss On Investment Securities 370,418 -- -- -- 0.00
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