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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 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 50.4M 54.2M 56.5M 54.7M 62.3M --
Operating Revenue 50.4M 54.2M 56.5M 54.7M 62.3M --
Cost Of Revenue 37.7M 41.9M 45.8M 41.8M 44.7M --
Gross Profit 12.8M 12.2M 10.7M 12.9M 17.6M --
Selling General And Administration 5.6M 5.9M 5.5M 5.9M 5.7M --
General And Administrative Expense 5.6M 5.9M 5.5M 5.9M 5.7M --
Depreciation And Amortization In Income Statement 6.7M 5.8M 6.1M 3.9M 7.0M --
Operating Expense 12.3M 11.7M 11.6M 9.8M 12.7M --
Operating Income 472,000 530,000 -854,000 3.1M 4.9M --
EBIT 274,000 -2.4M -906,000 -3.2M 4.8M --
Interest Expense 1.8M 1.9M 2.2M 2.8M 2.8M --
Interest Expense Non Operating 1.8M 1.9M 2.2M 2.8M 2.8M --
Net Interest Income -2.0M -2.1M -2.2M -3.0M -2.9M --
Other Income Expense -- -2.7M -- -- -- --
Special Income Charges 0.00 -2.7M -- -- -- 0.00
Write Off 0.00 -- -- -- -- --
Pretax Income -1.5M -4.2M -3.1M -5.9M 2.0M --
Tax Provision -326,000 -988,000 -729,000 910,000 464,000 --
Tax Effect Of Unusual Items 0.00 -630,485 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Income From Continuing Operation Net Minority Interest -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Income Including Noncontrolling Interests -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Income Common Stockholders -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Income -1.2M -3.3M -2.4M -6.8M 1.5M --
EBITDA 7.0M 3.5M 5.2M 712,000 11.8M --
Normalized EBITDA 7.0M 6.2M 5.2M 712,000 11.8M --
Reconciled Depreciation 6.7M 5.8M 6.1M 3.9M 7.0M --
Basic EPS -0.01 -0.03 -0.02 -0.06 0.02 --
Diluted EPS -0.01 -0.03 -0.02 -0.06 0.02 --
Basic Average Shares 112.0M 112.0M 112.0M 112.0M 112.0M --
Diluted Average Shares 112.0M 112.0M 112.0M 112.0M 112.0M --
Total Unusual Items 0.00 -2.7M -- -- -- 0.00
Total Unusual Items Excluding Goodwill 0.00 -2.7M -- -- -- 0.00
Tax Rate For Calcs 0.22 0.23 0.24 0.15 0.23 --
Normalized Income -1.2M -1.2M -2.4M -6.8M 1.5M --
Depreciation Amortization Depletion Income Statement 6.7M 5.8M 6.1M 3.9M 7.0M --
Diluted NI Availto Com Stockholders -1.2M -3.3M -2.4M -6.8M 1.5M --
Impairment Of Capital Assets -- 2.7M -- -- -- 0.00
Net Income Continuous Operations -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Non Operating Interest Income Expense -2.0M -2.1M -2.2M -3.0M -2.9M --
Other Gand A 5.6M 5.9M 5.5M 5.8M 5.6M --
Reconciled Cost Of Revenue 37.7M 41.9M 45.8M 41.8M 44.7M --
Salaries And Wages 18,000 17,000 18,000 68,000 59,000 --
Total Expenses 50.0M 53.6M 57.4M 51.6M 57.4M --
Total Other Finance Cost 198,000 190,000 52,000 239,000 51,000 --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 2.5M 261,000 1.3M 11.6M 1.4M --
Cash Cash Equivalents And Short Term Investments 2.5M 261,000 1.3M 11.6M 1.4M --
Cash Financial 2.5M 261,000 1.3M 11.6M 1.4M --
Accounts Receivable 41.0M 39.6M 34.3M 40.1M 48.8M --
Receivables 47.3M 46.4M 42.1M 44.6M 54.1M --
Inventory 3.7M 3.9M 3.9M 4.0M 4.1M --
Prepaid Assets 4.3M 4.4M 4.6M 4.6M 5.1M --
Current Assets 57.7M 54.9M 51.8M 64.8M 64.7M --
Gross PPE 102.6M 106.0M 111.5M 187.1M 128.1M --
Accumulated Depreciation -- -- -- -71.6M -- --
Net PPE 102.6M 106.0M 111.5M 115.4M 128.1M --
Goodwill 25.7M 25.7M 25.7M 25.7M 31.7M --
Goodwill And Other Intangible Assets 30.5M 30.8M 31.2M 31.5M 37.8M --
Other Intangible Assets 4.8M 5.2M 5.5M 5.8M 6.2M --
Total Non Current Assets 139.1M 142.8M 148.5M 152.7M 172.1M --
Total Assets 196.8M 197.7M 200.3M 217.5M 236.8M --
Current Debt 66.6M 11.2M 13.2M 21.6M 12.7M --
Current Debt And Capital Lease Obligation 74.2M 18.8M 21.7M 30.3M 22.0M --
Accounts Payable 24.1M 25.8M 19.2M 21.1M 23.9M --
Payables 27.2M 28.9M 22.6M 24.2M 27.2M --
Payables And Accrued Expenses 32.0M 33.5M 26.4M 29.1M 33.7M --
Current Accrued Expenses 4.8M 4.6M 3.9M 5.0M 6.4M --
Current Deferred Revenue 620,000 697,000 747,000 942,000 677,000 --
Other Current Liabilities -- 333,000 667,000 1.0M 1.3M 1.3M
Current Liabilities 106.7M 53.3M 49.6M 61.4M 57.7M --
Long Term Debt 18.5M 71.2M 69.9M 71.1M 84.0M --
Long Term Debt And Capital Lease Obligation 36.2M 89.3M 90.9M 93.1M 109.8M --
Long Term Capital Lease Obligation 17.7M 18.1M 20.9M 22.0M 25.9M --
Other Non Current Liabilities -- -- -- -6.4M -- 1.0M
Total Non Current Liabilities Net Minority Interest 37.2M 90.6M 93.0M 96.0M 112.3M --
Total Liabilities Net Minority Interest 143.9M 143.8M 142.6M 157.5M 170.0M --
Common Stock 89.5M 89.5M 89.5M 89.5M 89.5M --
Capital Stock 89.5M 89.5M 89.5M 89.5M 89.5M --
Additional Paid In Capital 7.2M 7.1M 7.1M 7.1M 7.0M --
Retained Earnings -43.4M -42.3M -39.0M -36.6M -29.8M --
Gains Losses Not Affecting Retained Earnings -341,000 -528,000 -26,000 -26,000 9,000 --
Other Equity Adjustments -341,000 -528,000 -26,000 -26,000 9,000 --
Common Stock Equity 52.9M 53.9M 57.6M 60.0M 66.8M --
Stockholders Equity 52.9M 53.9M 57.6M 60.0M 66.8M --
Total Equity Gross Minority Interest 52.9M 53.9M 57.6M 60.0M 66.8M --
Total Capitalization 71.4M 125.1M 127.6M 131.1M 150.8M --
Net Tangible Assets 22.4M 23.1M 26.5M 28.5M 29.0M --
Tangible Book Value 22.4M 23.1M 26.5M 28.5M 29.0M --
Working Capital -49.0M 1.7M 2.2M 3.4M 7.0M --
Invested Capital 138.0M 136.3M 140.8M 152.6M 163.4M --
Total Debt 110.3M 108.0M 112.6M 123.4M 131.8M --
Net Debt 82.6M 82.1M 81.9M 81.0M 95.3M --
Share Issued 112.0M 112.0M 112.0M 112.0M 112.0M --
Ordinary Shares Number 112.0M 112.0M 112.0M 112.0M 112.0M --
Capital Lease Obligations 25.2M 25.7M 29.4M 30.8M 35.2M --
Current Capital Lease Obligation 7.5M 7.5M 8.5M 8.8M 9.3M --
Current Deferred Liabilities 620,000 697,000 747,000 942,000 677,000 --
Land And Improvements -- -- -- 12.6M -- --
Leases -- -- -- 28.0M -- --
Line Of Credit 4.9M 0.00 1.7M 9.5M 2.3M --
Machinery Furniture Equipment -- -- -- 119.7M -- --
Non Current Deferred Assets 6.0M 6.0M 5.8M 5.8M 6.2M --
Non Current Deferred Liabilities 971,000 1.3M 2.2M 2.9M 2.5M --
Non Current Deferred Taxes Assets 6.0M 6.0M 5.8M 5.8M 6.2M --
Non Current Deferred Taxes Liabilities 971,000 1.3M 2.2M 2.9M 2.5M --
Other Current Borrowings 61.7M 11.2M 11.6M 12.1M 10.4M --
Other Payable 3.1M 3.1M 3.4M 3.1M 3.4M --
Other Properties 102.6M 106.0M 111.5M 26.8M 128.1M --
Other Receivables 7.1M 7.6M 8.4M 5.2M 7.0M --
Properties -- -- -- 0.00 -- --
Receivables Adjustments Allowances -852,000 -858,000 -697,000 -779,000 -1.6M --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow 5.7M 6.1M 4.8M 14.6M 9.7M --
Cash Flow From Continuing Operating Activities 5.2M 6.1M 4.8M 14.4M 9.6M --
Depreciation And Amortization 6.7M 5.8M 6.1M 3.9M 7.0M --
Depreciation Amortization Depletion 6.7M 5.8M 6.1M 3.9M 7.0M --
Stock Based Compensation 18,000 17,000 18,000 68,000 59,000 --
Deferred Tax -352,000 -997,000 -729,000 910,000 464,000 --
Deferred Income Tax -352,000 -997,000 -729,000 910,000 464,000 --
Change In Working Capital -2.2M -55,000 -615,000 7.2M -2.2M --
Changes In Account Receivables -923,000 -- -- -- -4.3M --
Change In Receivables -902,000 -- -- -- -4.2M --
Change In Inventory 244,000 -- -- -- 307,000 --
Change In Payables And Accrued Expense -1.5M -- -- -- 1.6M --
Change In Other Working Capital -77,000 -- -- -- 103,000 --
Other Non Cash Items 2.5M 2.1M 2.2M 3.2M 3.0M --
Capital Expenditure -1.9M -2.1M -1.3M -3.9M -1.5M --
Purchase Of PPE -1.9M -2.1M -1.3M -3.9M -1.5M --
Net PPE Purchase And Sale -1.3M -1.7M -517,000 7.6M -869,000 --
Investing Cash Flow -1.3M -1.7M -517,000 6.9M -697,000 --
Cash Flow From Continuing Investing Activities -1.3M -1.7M -517,000 6.9M -697,000 --
Issuance Of Debt 367,000 4.2M 1.0M 0.00 1.0M --
Repayment Of Debt -4.9M -6.2M -6.1M -17.2M -10.9M --
Net Issuance Payments Of Debt -4.5M -2.0M -5.1M -17.2M -9.9M --
Repurchase Of Capital Stock 0.00 0.00 0.00 0.00 0.00 --
Net Common Stock Issuance 0.00 0.00 0.00 0.00 0.00 --
Common Stock Payments 0.00 0.00 0.00 0.00 0.00 --
Financing Cash Flow -6.8M -3.6M -6.9M -20.6M -12.8M --
Cash Flow From Continuing Financing Activities -6.8M -3.6M -6.9M -20.6M -12.8M --
Effect Of Exchange Rate Changes -292,000 -118,000 0.00 -35,000 -3,000 --
Changes In Cash -2.4M 805,000 -2.6M 826,000 -3.7M --
Beginning Cash Position 261,000 -426,000 2.2M 1.4M 5.1M --
End Cash Position -2.4M 261,000 -427,000 2.2M 1.4M --
Free Cash Flow 3.9M 4.0M 3.4M 10.7M 8.2M --
Asset Impairment Charge 0.00 2.7M -- -- 0.00 0.00
Cash Dividends Paid 0.00 0.00 0.00 0.00 0.00 --
Change In Prepaid Assets 96,000 -- -- -- -60,000 --
Gain Loss On Sale Of PPE 235,000 -175,000 167,000 254,000 -34,000 --
Interest Paid Cff -1.4M -1.5M -1.7M -2.3M -2.2M --
Long Term Debt Issuance 367,000 4.2M 1.0M 0.00 1.0M --
Long Term Debt Payments -4.9M -6.2M -6.1M -17.2M -10.9M --
Net Income From Continuing Operations -1.2M -3.3M -2.4M -6.8M 1.5M --
Net Intangibles Purchase And Sale -- -- -- 0.00 0.00 --
Net Long Term Debt Issuance -4.5M -2.0M -5.1M -17.2M -9.9M --
Net Other Financing Charges -978,000 -181,000 -56,000 -1.1M -620,000 --
Net Other Investing Changes -- -- -- -674,000 172,000 413,000
Operating Gains Losses 235,000 -175,000 167,000 254,000 -34,000 --
Purchase Of Intangibles -- -- -- 0.00 0.00 --
Sale Of PPE 602,000 393,000 815,000 11.5M 624,000 --
Taxes Refund Paid -- -- -- -- -- 0.00
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