Westbridge Renewable Energy Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 3.1M | 2.6M | 1.5M | 851,765 |
| General And Administrative Expense | 3.1M | 2.6M | 1.5M | 851,765 |
| Depreciation And Amortization In Income Statement | 700,415 | 147,239 | 46,900 | 8,607 |
| Other Operating Expenses | 10.2M | 922,271 | 849,809 | 255,344 |
| Operating Expense | 13.9M | 3.7M | 2.4M | 1.1M |
| Operating Income | -13.9M | -3.7M | -2.4M | -1.1M |
| EBIT | 60.7M | -4.4M | -2.3M | -3.7M |
| Interest Expense | 872,259 | 1.2M | 7,335 | 14,677 |
| Interest Expense Non Operating | 872,259 | 1.2M | 7,335 | 14,677 |
| Interest Income | 1.0M | 0.00 | -- | -- |
| Interest Income Non Operating | 1.0M | 0.00 | -- | -- |
| Net Interest Income | 134,776 | -1.2M | -7,335 | -14,677 |
| Other Income Expense | 73.7M | -737,873 | 58,615 | -2.5M |
| Special Income Charges | 73.8M | -75,999 | 0.00 | -2.5M |
| Restructuring And Mergern Acquisition | 0.00 | 75,999 | 0.00 | 2.5M |
| Gain On Sale Of Security | -107,915 | -661,874 | 58,615 | 9,102 |
| Pretax Income | 59.9M | -5.6M | -2.3M | -3.7M |
| Tax Provision | 4.2M | -2.6M | 0.00 | -- |
| Tax Effect Of Unusual Items | 5.2M | -295,149 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 55.7M | -3.1M | -2.3M | -3.7M |
| Net Income From Continuing Operation Net Minority Interest | 55.7M | -3.1M | -2.3M | -3.7M |
| Net Income Including Noncontrolling Interests | 55.7M | -3.1M | -2.3M | -3.7M |
| Minority Interests | 2,908 | -4,033 | 5,589 | 6.00 |
| Net Income Common Stockholders | 55.7M | -3.1M | -2.3M | -3.7M |
| Net Income | 55.7M | -3.1M | -2.3M | -3.7M |
| EBITDA | 61.4M | -4.3M | -2.3M | -3.6M |
| Normalized EBITDA | -12.2M | -3.6M | -2.3M | -1.1M |
| Reconciled Depreciation | 700,415 | 147,239 | 46,900 | 8,607 |
| Basic EPS | 2.20 | -0.12 | -0.12 | -0.40 |
| Diluted EPS | 2.08 | -0.12 | -0.12 | -0.40 |
| Basic Average Shares | 25.1M | 24.5M | 20.9M | 8.8M |
| Diluted Average Shares | 26.6M | 24.5M | 20.9M | 8.8M |
| Total Unusual Items | 73.7M | -737,873 | 58,615 | -2.5M |
| Total Unusual Items Excluding Goodwill | 73.7M | -737,873 | 58,615 | -2.5M |
| Tax Rate For Calcs | 0.07 | 0.40 | 0.00 | 0.00 |
| Normalized Income | -12.8M | -2.6M | -2.4M | -1.1M |
| Depreciation Amortization Depletion Income Statement | 700,415 | 147,239 | 46,900 | 8,607 |
| Depreciation Income Statement | 700,415 | 147,239 | 46,900 | 8,607 |
| Diluted NI Availto Com Stockholders | 55.7M | -3.1M | -2.3M | -3.7M |
| Gain On Sale Of Ppe | 73.9M | 0.00 | -- | -- |
| Impairment Of Capital Assets | 85,149 | 0.00 | -- | -- |
| Net Income Continuous Operations | 55.7M | -3.1M | -2.3M | -3.7M |
| Net Non Operating Interest Income Expense | 134,776 | -1.2M | -7,335 | -14,677 |
| Other Gand A | 2.5M | 930,178 | 531,644 | 381,507 |
| Salaries And Wages | 620,096 | 1.7M | 963,176 | 470,258 |
| Total Expenses | 13.9M | 3.7M | 2.4M | 1.1M |
| Total Operating Income As Reported | -13.3M | -2.0M | -1.4M | -645,458 |
| Line Item | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 28.4M | 2.8M | 1.6M | 3.2M |
| Cash Cash Equivalents And Short Term Investments | 28.4M | 2.8M | 1.6M | 3.2M |
| Cash Financial | 28.4M | 2.8M | 1.6M | 3.2M |
| Accounts Receivable | 140,211 | 1.0M | 1,349 | 2,104 |
| Receivables | 469,313 | 1.2M | 86,065 | 21,409 |
| Prepaid Assets | 305,291 | 700,703 | 89,591 | 27,091 |
| Current Assets | 29.2M | 33.9M | 1.8M | 3.3M |
| Gross PPE | 37.2M | 24.1M | 5.9M | 1.6M |
| Accumulated Depreciation | -859,190 | -208,593 | -56,942 | -10,042 |
| Net PPE | 36.4M | 23.9M | 5.9M | 1.6M |
| Goodwill And Other Intangible Assets | -- | -- | 760,668 | 0.00 |
| Other Intangible Assets | -- | -- | 760,668 | 1.6M |
| Total Non Current Assets | 36.4M | 23.9M | 5.9M | 1.6M |
| Total Assets | 65.5M | 57.8M | 7.7M | 4.9M |
| Current Debt | -- | 35.4M | -- | -- |
| Current Debt And Capital Lease Obligation | 626,068 | 35.9M | 79,834 | 3,273 |
| Accounts Payable | 1.1M | 1.1M | 538,293 | 225,202 |
| Payables | 2.7M | 1.1M | 538,293 | 225,202 |
| Payables And Accrued Expenses | 5.9M | 1.4M | 653,738 | 422,038 |
| Current Accrued Expenses | 3.2M | 326,265 | 115,445 | 196,836 |
| Other Current Liabilities | -- | 6.1M | -- | -- |
| Current Liabilities | 11.3M | 46.3M | 762,908 | 425,311 |
| Long Term Debt And Capital Lease Obligation | 2.0M | 1.3M | 373,074 | 3,662 |
| Long Term Capital Lease Obligation | 2.0M | 1.3M | 373,074 | 3,662 |
| Other Non Current Liabilities | -1.00 | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 2.0M | 5.5M | 403,143 | 3,662 |
| Total Liabilities Net Minority Interest | 13.3M | 51.8M | 1.2M | 428,973 |
| Common Stock | 13.6M | 12.5M | 11.0M | 7.6M |
| Capital Stock | 13.6M | 12.5M | 11.0M | 7.6M |
| Additional Paid In Capital | 2.1M | 2.4M | 1.4M | 490,138 |
| Retained Earnings | 36.4M | -9.1M | -6.0M | -3.7M |
| Gains Losses Not Affecting Retained Earnings | -10,635 | 24,869 | 29,979 | 1,476 |
| Common Stock Equity | 52.1M | 5.8M | 6.4M | 4.4M |
| Stockholders Equity | 52.1M | 5.8M | 6.4M | 4.4M |
| Total Equity Gross Minority Interest | 52.3M | 6.0M | 6.5M | 4.5M |
| Minority Interest | 129,568 | 232,018 | 94,978 | 100,567 |
| Total Capitalization | 52.1M | 5.8M | 6.4M | 4.4M |
| Net Tangible Assets | 52.1M | 5.8M | 6.4M | 4.4M |
| Tangible Book Value | 52.1M | 5.8M | 6.4M | 4.4M |
| Working Capital | 17.8M | -12.4M | 1.1M | 2.9M |
| Invested Capital | 52.1M | 41.2M | 6.4M | 4.4M |
| Total Debt | 2.6M | 37.2M | 452,908 | 6,935 |
| Net Debt | -- | 32.6M | -- | -- |
| Share Issued | 25.3M | 24.8M | 24.1M | 19.8M |
| Ordinary Shares Number | 25.3M | 24.8M | 24.1M | 19.8M |
| Assets Held For Sale Current | 0.00 | 26.4M | 0.00 | -- |
| Capital Lease Obligations | 2.6M | 1.8M | 452,908 | 6,935 |
| Construction In Progress | 33.6M | 22.0M | 5.4M | 1.6M |
| Current Capital Lease Obligation | 626,068 | 526,609 | 79,834 | 3,273 |
| Current Deferred Assets | 0.00 | 2.6M | 0.00 | -- |
| Current Deferred Liabilities | 4.9M | 2.8M | 0.00 | -- |
| Current Deferred Taxes Assets | 0.00 | 2.6M | 0.00 | -- |
| Current Provisions | -- | -- | 29,336 | -- |
| Foreign Currency Translation Adjustments | -10,635 | 24,869 | 29,979 | 1,476 |
| Hedging Assets Current | 0.00 | 217,818 | 0.00 | -- |
| Long Term Provisions | -- | -- | 30,069 | -- |
| Non Current Deferred Liabilities | 0.00 | 4.3M | 0.00 | -- |
| Other Current Borrowings | -- | 35.4M | -- | -- |
| Other Properties | 3.6M | 2.2M | 560,213 | 34,429 |
| Taxes Receivable | 329,102 | 154,140 | 84,716 | 19,305 |
| Total Tax Payable | 1.6M | 0.00 | -- | -- |
| Line Item | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -9.1M | -2.0M | -1.5M | -426,346 |
| Cash Flow From Continuing Operating Activities | -9.1M | -2.0M | -1.5M | -426,346 |
| Depreciation And Amortization | 700,415 | 147,239 | 46,900 | 8,607 |
| Depreciation Amortization Depletion | 700,415 | 147,239 | 46,900 | 8,607 |
| Stock Based Compensation | 620,096 | 1.7M | 963,176 | 470,258 |
| Deferred Tax | 4.2M | -2.6M | 0.00 | -- |
| Deferred Income Tax | 4.2M | -2.6M | 0.00 | -- |
| Change In Working Capital | 1.9M | 485,805 | -215,815 | 201,403 |
| Changes In Account Receivables | 886,664 | -1.0M | 755.00 | -2,104 |
| Change In Receivables | 711,702 | -1.3M | -64,656 | -19,792 |
| Change In Payables And Accrued Expense | 2.8M | 856,955 | -88,659 | 225,511 |
| Change In Other Current Assets | -1.8M | -32,640 | 0.00 | -- |
| Other Non Cash Items | 829,433 | 1.3M | 4,797 | 2.6M |
| Capital Expenditure | -9.0M | -36.4M | -3.4M | -1.3M |
| Purchase Of Business | 0.00 | -1.4M | 0.00 | -- |
| Sale Of Business | 98.7M | 0.00 | 0.00 | 4.3M |
| Investing Cash Flow | 89.6M | -31.2M | -3.4M | 2.9M |
| Cash Flow From Continuing Investing Activities | 89.6M | -31.2M | -3.4M | 2.9M |
| Issuance Of Debt | -- | 33.9M | 0.00 | 350,000 |
| Repayment Of Debt | -740,612 | -225,085 | -84,608 | -10,650 |
| Net Issuance Payments Of Debt | -45.0M | 33.7M | -84,608 | 339,350 |
| Common Stock Dividend Paid | -10.2M | 0.00 | -- | -- |
| Financing Cash Flow | -54.9M | 34.4M | 3.3M | 732,764 |
| Cash Flow From Continuing Financing Activities | -54.9M | 34.4M | 3.3M | 732,764 |
| Effect Of Exchange Rate Changes | -35,504 | -5,110 | 0.00 | 1,476 |
| Changes In Cash | 25.6M | 1.2M | -1.6M | 3.2M |
| Beginning Cash Position | 2.8M | 1.6M | 3.2M | 0.00 |
| End Cash Position | 28.4M | 2.8M | 1.6M | 3.2M |
| Free Cash Flow | -18.2M | -38.4M | -4.9M | -1.8M |
| Asset Impairment Charge | 85,149 | 0.00 | -- | -- |
| Cash Dividends Paid | -10.2M | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | 199,374 | 971,663 | -62,500 | -4,316 |
| Depreciation | 700,415 | 147,239 | 46,900 | 8,607 |
| Interest Paid Cff | -- | -- | 0.00 | -14,000 |
| Long Term Debt Issuance | -- | -- | 0.00 | 350,000 |
| Long Term Debt Payments | -740,612 | -225,085 | -84,608 | -10,650 |
| Net Business Purchase And Sale | 98.7M | -1.4M | 0.00 | 4.3M |
| Net Foreign Currency Exchange Gain Loss | 762,667 | 21,292 | 0.00 | -- |
| Net Income From Continuing Operations | 55.7M | -3.1M | -2.3M | -3.7M |
| Net Intangibles Purchase And Sale | -9.0M | -36.4M | -3.4M | -1.3M |
| Net Long Term Debt Issuance | -740,612 | -225,085 | -84,608 | 339,350 |
| Net Other Financing Charges | -556,515 | -- | -- | -- |
| Net Other Investing Changes | -- | 6.6M | -- | -- |
| Net Short Term Debt Issuance | -44.3M | 33.9M | 0.00 | -- |
| Operating Gains Losses | -73.1M | 21,292 | -- | -- |
| Proceeds From Stock Option Exercised | 814,500 | 725,500 | 3.4M | 407,414 |
| Purchase Of Intangibles | -9.0M | -36.4M | -3.4M | -1.3M |
| Short Term Debt Issuance | -- | 33.9M | 0.00 | -- |
| Taxes Refund Paid | 0.00 | 0.00 | 0.00 | 0.00 |