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Vertex Resource Group Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 232.2M 255.2M 257.2M 185.0M
Operating Revenue 232.2M 255.2M 257.2M 185.0M
Cost Of Revenue 171.9M 193.6M 204.9M 142.8M
Gross Profit 60.3M 61.7M 52.3M 42.3M
Selling General And Administration 24.6M 23.9M 20.3M 16.1M
General And Administrative Expense 24.6M 23.9M 20.3M 16.1M
Depreciation And Amortization In Income Statement 23.2M 23.6M 20.4M 19.6M
Operating Expense 47.8M 47.5M 40.6M 35.7M
Operating Income 12.5M 14.1M 11.6M 6.6M
EBIT 6.0M 13.7M 11.0M 6.2M
Interest Expense 11.0M 11.0M 8.3M 5.6M
Interest Expense Non Operating 11.0M 11.0M 8.3M 5.6M
Net Interest Income -11.5M -11.5M -8.9M -6.1M
Other Income Expense -6.0M -- -- --
Special Income Charges -6.0M 0.00 -- --
Pretax Income -5.0M 2.7M 2.7M 558,000
Tax Provision 1.1M 205,000 692,000 -1.1M
Tax Effect Of Unusual Items -900,000 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -6.1M 2.5M 2.0M 1.7M
Net Income From Continuing Operation Net Minority Interest -6.1M 2.5M 2.0M 1.7M
Net Income Including Noncontrolling Interests -6.1M 2.5M 2.0M 1.7M
Net Income Common Stockholders -6.1M 2.5M 2.0M 1.7M
Net Income -6.1M 2.5M 2.0M 1.7M
EBITDA 29.2M 37.3M 31.4M 25.8M
Normalized EBITDA 35.2M 37.3M 31.4M 25.8M
Reconciled Depreciation 23.2M 23.6M 20.4M 19.6M
Basic EPS -0.05 0.02 0.02 0.02
Diluted EPS -0.05 0.02 0.02 0.02
Basic Average Shares 112.0M 115.5M 105.7M 91.3M
Diluted Average Shares 112.0M 115.5M 105.7M 91.3M
Total Unusual Items -6.0M 0.00 -- --
Total Unusual Items Excluding Goodwill -6.0M 0.00 -- --
Tax Rate For Calcs 0.15 0.08 0.25 0.27
Normalized Income -1.0M 2.5M 2.0M 1.7M
Amortization 1.5M 1.5M 998,000 432,000
Amortization Of Intangibles Income Statement 1.5M 1.5M 998,000 432,000
Depreciation Amortization Depletion Income Statement 23.2M 23.6M 20.4M 19.6M
Depreciation Income Statement 21.7M 22.2M 19.4M 19.2M
Diluted NI Availto Com Stockholders -6.1M 2.5M 2.0M 1.7M
Impairment Of Capital Assets 6.0M 0.00 -- --
Net Income Continuous Operations -6.1M 2.5M 2.0M 1.7M
Net Non Operating Interest Income Expense -11.5M -11.5M -8.9M -6.1M
Other Gand A 24.4M 23.8M 20.1M 16.1M
Reconciled Cost Of Revenue 171.9M 193.6M 204.9M 142.8M
Salaries And Wages 246,000 164,000 200,000 0.00
Total Expenses 219.7M 241.1M 245.6M 178.4M
Total Other Finance Cost 486,000 442,000 595,000 447,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 11.6M 1.0M 2.6M 0.00
Cash Cash Equivalents And Short Term Investments 11.6M 1.0M 2.6M 0.00
Cash Financial 11.6M 1.0M 2.6M 0.00
Accounts Receivable 40.1M 57.7M 61.8M 42.9M
Receivables 44.6M 61.3M 72.0M 56.3M
Inventory 4.0M 4.2M 4.4M 4.2M
Prepaid Assets 4.6M 3.9M 3.1M 2.9M
Current Assets 64.8M 70.4M 82.1M 63.4M
Gross PPE 187.1M 217.4M 201.9M 169.6M
Accumulated Depreciation -71.6M -88.4M -78.4M -75.0M
Net PPE 115.4M 129.1M 123.4M 94.6M
Goodwill 25.7M 31.7M 31.7M 25.2M
Goodwill And Other Intangible Assets 31.5M 39.0M 40.2M 27.0M
Other Intangible Assets 5.8M 7.3M 8.5M 1.8M
Total Non Current Assets 152.7M 174.4M 172.4M 123.1M
Total Assets 217.5M 244.8M 254.4M 186.6M
Current Debt 21.6M 17.7M 18.5M 20.2M
Current Debt And Capital Lease Obligation 30.3M 28.5M 28.2M 27.3M
Accounts Payable 21.1M 27.6M 29.8M 20.4M
Payables 24.2M 31.5M 34.1M 25.9M
Payables And Accrued Expenses 29.1M 37.7M 40.4M 28.4M
Current Accrued Expenses 5.0M 6.2M 6.3M 2.5M
Current Deferred Revenue 942,000 1.5M 2.9M 2.8M
Other Current Liabilities 1.0M 1.5M 2.6M 1.4M
Current Liabilities 61.4M 69.2M 74.2M 58.5M
Long Term Debt 71.1M 74.1M 83.3M 61.1M
Long Term Debt And Capital Lease Obligation 93.1M 105.2M 108.2M 74.3M
Long Term Capital Lease Obligation 22.0M 31.1M 24.9M 13.3M
Other Non Current Liabilities -6.4M 1.0M 2.6M 1.5M
Total Non Current Liabilities Net Minority Interest 96.0M 108.7M 115.5M 78.3M
Total Liabilities Net Minority Interest 157.5M 177.9M 189.7M 136.9M
Common Stock 89.5M 91.5M 92.4M 81.1M
Capital Stock 89.5M 91.5M 92.4M 81.1M
Additional Paid In Capital 7.1M 5.9M 5.3M 3.6M
Retained Earnings -36.6M -30.5M -33.0M -35.0M
Gains Losses Not Affecting Retained Earnings -26,000 13,000 12,000 -4,000
Other Equity Adjustments -26,000 13,000 12,000 -4,000
Common Stock Equity 60.0M 66.9M 64.7M 49.7M
Stockholders Equity 60.0M 66.9M 64.7M 49.7M
Total Equity Gross Minority Interest 60.0M 66.9M 64.7M 49.7M
Total Capitalization 131.1M 141.1M 148.0M 110.8M
Net Tangible Assets 28.5M 27.9M 24.6M 22.7M
Tangible Book Value 28.5M 27.9M 24.6M 22.7M
Working Capital 3.4M 1.2M 7.9M 4.9M
Invested Capital 152.6M 158.8M 166.5M 131.0M
Total Debt 123.4M 133.7M 136.4M 101.7M
Net Debt 81.0M 90.9M 99.2M 81.3M
Share Issued 112.0M 114.5M 115.6M 91.3M
Ordinary Shares Number 112.0M 114.5M 115.6M 91.3M
Capital Lease Obligations 30.8M 41.8M 34.6M 20.4M
Current Capital Lease Obligation 8.8M 10.7M 9.7M 7.1M
Current Deferred Liabilities 942,000 1.5M 2.9M 2.8M
Land And Improvements 12.6M 12.8M 10.6M 10.4M
Leases 28.0M 31.0M 29.1M 21.3M
Line Of Credit 9.5M 3.0M 0.00 400,000
Machinery Furniture Equipment 119.7M 139.4M 133.3M 123.9M
Non Current Deferred Assets 5.8M 6.3M 8.7M 1.6M
Non Current Deferred Liabilities 2.9M 2.5M 4.8M 2.5M
Non Current Deferred Taxes Assets 5.8M 6.3M 8.7M 1.6M
Non Current Deferred Taxes Liabilities 2.9M 2.5M 4.8M 2.5M
Other Current Borrowings 12.1M 14.7M 18.5M 19.8M
Other Payable 3.1M 3.9M 4.4M 5.5M
Other Properties 26.8M 34.2M 28.8M 14.0M
Other Receivables 5.2M 4.9M 11.3M 14.3M
Properties 0.00 0.00 0.00 0.00
Raw Materials -- -- 4.4M 4.2M
Receivables Adjustments Allowances -779,000 -1.4M -1.1M -855,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 44.3M 45.0M 21.4M 13.0M
Cash Flow From Continuing Operating Activities 44.3M 45.0M 21.4M 13.0M
Depreciation And Amortization 23.2M 23.6M 20.4M 19.6M
Depreciation Amortization Depletion 23.2M 23.6M 20.4M 19.6M
Stock Based Compensation 246,000 164,000 200,000 0.00
Deferred Tax 1.1M 205,000 602,000 -1.1M
Deferred Income Tax 1.1M 205,000 602,000 -1.1M
Change In Working Capital 8.4M 6.9M -9.8M -12.2M
Other Non Cash Items 11.5M 11.5M 8.9M 6.1M
Capital Expenditure -14.2M -14.6M -13.8M -9.1M
Purchase Of PPE -14.2M -14.4M -13.8M -9.1M
Net PPE Purchase And Sale -603,000 -6.6M -10.1M -6.2M
Purchase Of Business -- 0.00 -273,000 -4.5M
Investing Cash Flow -1.4M -9.2M -12.8M -11.5M
Cash Flow From Continuing Investing Activities -1.4M -9.2M -12.8M -11.5M
Issuance Of Debt 18.2M 9.1M 36.2M 25.7M
Repayment Of Debt -44.9M -39.1M -32.4M -20.7M
Net Issuance Payments Of Debt -26.7M -30.0M 3.5M 5.0M
Repurchase Of Capital Stock -980,000 -452,000 0.00 --
Net Common Stock Issuance -980,000 -452,000 0.00 --
Common Stock Payments -980,000 -452,000 0.00 --
Financing Cash Flow -38.8M -40.4M -6.0M -1.4M
Cash Flow From Continuing Financing Activities -38.8M -40.4M -6.0M -1.4M
Effect Of Exchange Rate Changes -39,000 1,000 16,000 -4,000
Changes In Cash 4.2M -4.6M 2.6M 4,000
Beginning Cash Position -2.0M 2.6M 0.00 0.00
End Cash Position 2.2M -2.0M 2.6M 0.00
Free Cash Flow 30.2M 30.3M 7.7M 3.9M
Amortization Cash Flow 1.5M 1.5M 998,000 --
Amortization Of Intangibles 1.5M 1.5M 998,000 --
Asset Impairment Charge 6.0M 0.00 -- --
Cash Dividends Paid 0.00 0.00 0.00 0.00
Depreciation 21.7M 22.2M 19.4M --
Gain Loss On Sale Of PPE 139,000 170,000 -778,000 -977,000
Interest Paid Cff -8.7M -8.0M -6.6M -4.6M
Long Term Debt Issuance 18.2M 9.1M 36.2M 2.6M
Long Term Debt Payments -44.9M -39.1M -32.4M -19.9M
Net Business Purchase And Sale -- 0.00 -273,000 -4.5M
Net Income From Continuing Operations -6.1M 2.5M 2.0M 1.7M
Net Intangibles Purchase And Sale 0.00 -265,000 0.00 --
Net Long Term Debt Issuance -26.7M -30.0M 3.9M -17.3M
Net Other Financing Charges -2.4M -2.0M -3.0M -1.8M
Net Other Investing Changes -754,000 -2.3M -2.4M -783,000
Net Short Term Debt Issuance -- 0.00 -400,000 22.3M
Operating Gains Losses 139,000 170,000 -778,000 -977,000
Purchase Of Intangibles 0.00 -265,000 0.00 --
Sale Of PPE 13.6M 7.7M 3.6M 2.8M
Short Term Debt Issuance -- -- 7.5M 23.1M
Short Term Debt Payments -- -- -1.6M -788,000
Taxes Refund Paid -63,000 -26,000 -28,000 -53,000
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