Westbridge Renewable Energy Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 1.3M | 972,215 | 1.1M | 534,830 | 509,725 |
| General And Administrative Expense | 1.3M | 972,215 | 1.1M | 534,830 | 509,725 |
| Depreciation And Amortization In Income Statement | 214,791 | 215,068 | 193,802 | 187,931 | 171,256 |
| Other Operating Expenses | 447,477 | 538,652 | 2.9M | 374,049 | -546,998 |
| Operating Expense | 1.9M | 1.7M | 4.2M | 1.1M | 133,983 |
| Operating Income | -1.9M | -1.7M | -4.2M | -1.1M | -133,983 |
| EBIT | -1.9M | -1.9M | 27.1M | -291,207 | -3,604 |
| Interest Expense | -- | 147,801 | 239,978 | 210,513 | 320,487 |
| Interest Expense Non Operating | -- | 147,801 | 239,978 | 210,513 | 320,487 |
| Interest Income | 224,534 | 64,511 | -300,180 | 502,003 | 470,532 |
| Interest Income Non Operating | 224,534 | 64,511 | -300,180 | 502,003 | 470,532 |
| Net Interest Income | 224,534 | -83,290 | -540,158 | 291,490 | 150,045 |
| Other Income Expense | -770,079 | -270,352 | 31.6M | 303,600 | -340,153 |
| Special Income Charges | -1.0M | -25,072 | 32.2M | 0.00 | -375,000 |
| Write Off | 1.0M | -- | -- | -- | 0.00 |
| Gain On Sale Of Security | 234,104 | -245,280 | -560,593 | 303,600 | 34,847 |
| Pretax Income | -2.5M | -2.1M | 26.9M | -501,720 | -324,091 |
| Tax Provision | 656.00 | 0.00 | -- | -- | 0.00 |
| Tax Effect Of Unusual Items | -115,512 | 0.00 | 4.7M | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.5M | -2.1M | 22.7M | -501,719 | -323,018 |
| Net Income From Continuing Operation Net Minority Interest | -2.5M | -2.1M | 22.7M | -501,719 | -323,018 |
| Net Income Including Noncontrolling Interests | -2.5M | -2.1M | 22.7M | -501,720 | -324,091 |
| Minority Interests | 3,557 | 184.00 | 193.00 | 1,924 | 1,073 |
| Net Income Common Stockholders | -2.5M | -2.1M | 22.7M | -501,719 | -323,018 |
| Net Income | -2.5M | -2.1M | 22.7M | -501,719 | -323,018 |
| EBITDA | -1.7M | -1.7M | 27.3M | -103,276 | 167,653 |
| Normalized EBITDA | -936,687 | -1.4M | -4.3M | -406,876 | 507,806 |
| Reconciled Depreciation | 214,791 | 215,068 | 193,802 | 187,930 | 171,257 |
| Basic EPS | -0.08 | -0.08 | -- | -0.02 | 0.00 |
| Diluted EPS | -0.08 | -0.08 | -- | -0.02 | 0.00 |
| Basic Average Shares | 25.3M | 25.3M | -- | 25.4M | 24.9M |
| Diluted Average Shares | 26.6M | 25.3M | -- | 26.6M | 26.6M |
| Total Unusual Items | -770,079 | -270,352 | 31.6M | 303,600 | -340,153 |
| Total Unusual Items Excluding Goodwill | -770,079 | -270,352 | 31.6M | 303,600 | -340,153 |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.15 | 0.00 | 0.00 |
| Normalized Income | -1.8M | -1.8M | -4.2M | -805,319 | 17,135 |
| Depreciation Amortization Depletion Income Statement | 214,791 | 215,068 | 193,802 | 187,931 | 171,256 |
| Depreciation Income Statement | 214,791 | 215,068 | 193,802 | 187,931 | 171,256 |
| Diluted NI Availto Com Stockholders | -2.5M | -2.1M | 22.7M | -501,719 | -323,018 |
| Gain On Sale Of Business | -- | -- | -- | 0.00 | -- |
| Gain On Sale Of Ppe | 0.00 | -25,072 | -- | -- | -375,000 |
| Net Income Continuous Operations | -2.5M | -2.1M | 22.7M | -501,720 | -324,091 |
| Net Non Operating Interest Income Expense | 224,534 | -83,290 | -540,158 | 291,490 | 150,045 |
| Other Gand A | 304,472 | 482,071 | 1.0M | 421,867 | 381,494 |
| Salaries And Wages | 954,817 | 490,144 | 84,415 | 112,963 | 128,231 |
| Total Expenses | 1.9M | 1.7M | 4.2M | 1.1M | 133,983 |
| Total Operating Income As Reported | -966,741 | -1.2M | -4.1M | -983,846 | -5,751 |
| Line Item | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 32.4M | 25.9M | 28.4M | 16.5M | 28.1M |
| Cash Cash Equivalents And Short Term Investments | 32.4M | 25.9M | 28.4M | 16.5M | 28.1M |
| Cash Equivalents | 17.4M | -- | -- | -- | -- |
| Cash Financial | 15.1M | 25.9M | 28.4M | 16.5M | 28.1M |
| Accounts Receivable | 387,210 | 856,342 | 140,211 | 689,468 | 778,995 |
| Receivables | 747,674 | 1.3M | 469,313 | 957,177 | 993,586 |
| Prepaid Assets | 141,776 | 149,813 | 305,291 | 309,505 | 330,140 |
| Current Assets | 33.3M | 27.3M | 29.2M | 41.7M | 52.6M |
| Gross PPE | 20.9M | 33.8M | 37.2M | 29.9M | 27.3M |
| Accumulated Depreciation | -1.2M | -1.1M | -859,190 | -717,641 | -529,750 |
| Net PPE | 19.6M | 32.7M | 36.4M | 29.2M | 26.7M |
| Total Non Current Assets | 19.6M | 32.7M | 36.4M | 29.2M | 26.7M |
| Total Assets | 52.9M | 60.1M | 65.5M | 70.9M | 79.4M |
| Current Debt | -- | -- | -- | 28.1M | 27.4M |
| Current Debt And Capital Lease Obligation | 430,931 | 540,425 | 626,068 | 28.8M | 28.0M |
| Accounts Payable | 1.1M | 830,041 | 1.1M | 1.7M | 282,758 |
| Payables | 1.1M | 830,041 | 2.7M | 1.7M | 282,758 |
| Payables And Accrued Expenses | 2.0M | 1.6M | 5.9M | 4.1M | 3.5M |
| Current Accrued Expenses | 896,532 | 784,056 | 3.2M | 2.4M | 3.3M |
| Other Current Liabilities | -- | 417,211 | -- | 211,628 | 206,027 |
| Current Liabilities | 2.4M | 7.5M | 11.3M | 36.2M | 34.6M |
| Long Term Debt And Capital Lease Obligation | 1.5M | 2.0M | 2.0M | 1.7M | 1.8M |
| Long Term Capital Lease Obligation | 1.5M | 2.0M | 2.0M | 1.7M | 1.8M |
| Other Non Current Liabilities | -- | 1.00 | -1.00 | -1.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 1.5M | 2.0M | 2.0M | 4.8M | 4.9M |
| Total Liabilities Net Minority Interest | 3.9M | 9.5M | 13.3M | 41.0M | 39.5M |
| Common Stock | 13.6M | 13.6M | 13.6M | 13.9M | 12.8M |
| Capital Stock | 13.6M | 13.6M | 13.6M | 13.9M | 12.8M |
| Additional Paid In Capital | 3.5M | 2.6M | 2.1M | 2.0M | 2.4M |
| Retained Earnings | 31.9M | 34.3M | 36.4M | 13.7M | 24.4M |
| Gains Losses Not Affecting Retained Earnings | -70,310 | -33,905 | -10,635 | -7,772 | 21,204 |
| Common Stock Equity | 48.9M | 50.5M | 52.1M | 29.6M | 39.6M |
| Stockholders Equity | 48.9M | 50.5M | 52.1M | 29.6M | 39.6M |
| Total Equity Gross Minority Interest | 49.0M | 50.6M | 52.3M | 29.8M | 39.9M |
| Minority Interest | 125,960 | 129,517 | 129,568 | 229,303 | 230,154 |
| Total Capitalization | 48.9M | 50.5M | 52.1M | 29.6M | 39.6M |
| Net Tangible Assets | 48.9M | 50.5M | 52.1M | 29.6M | 39.6M |
| Tangible Book Value | 48.9M | 50.5M | 52.1M | 29.6M | 39.6M |
| Working Capital | 30.9M | 19.8M | 17.8M | 5.4M | 18.0M |
| Invested Capital | 48.9M | 50.5M | 52.1M | 57.7M | 67.0M |
| Total Debt | 1.9M | 2.5M | 2.6M | 30.5M | 29.8M |
| Net Debt | -- | -- | -- | 11.6M | -- |
| Share Issued | 25.3M | 25.3M | 25.3M | 25.4M | 24.9M |
| Ordinary Shares Number | 25.3M | 25.3M | 25.3M | 25.4M | 24.9M |
| Assets Held For Sale Current | -- | -- | 0.00 | 20.8M | 20.1M |
| Capital Lease Obligations | 1.9M | 2.5M | 2.6M | 2.4M | 2.4M |
| Construction In Progress | 17.7M | 30.2M | 33.6M | 26.8M | 24.2M |
| Current Capital Lease Obligation | 430,931 | 540,425 | 626,068 | 664,989 | 658,785 |
| Current Deferred Assets | -- | -- | 0.00 | 2.6M | 2.6M |
| Current Deferred Liabilities | 0.00 | 5.0M | 4.9M | 3.1M | 2.8M |
| Current Deferred Taxes Assets | -- | -- | 0.00 | 2.6M | 2.6M |
| Foreign Currency Translation Adjustments | -70,310 | -33,905 | -10,635 | -7,772 | 21,204 |
| Hedging Assets Current | -- | -- | 0.00 | 474,736 | 474,760 |
| Non Current Deferred Liabilities | -- | -- | 0.00 | 3.1M | 3.2M |
| Other Current Borrowings | -- | -- | -- | 28.1M | 27.4M |
| Other Equity Interest | -- | -1.00 | -- | -1.00 | -- |
| Other Properties | 3.2M | 3.7M | 3.6M | 3.2M | 3.1M |
| Taxes Receivable | 360,464 | 400,308 | 329,102 | 267,709 | 214,591 |
| Total Tax Payable | 656.00 | 0.00 | 1.6M | -- | -- |
| Line Item | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 74,825 | -5.8M | -2.5M | -1.4M | -1.8M |
| Cash Flow From Continuing Operating Activities | 74,825 | -5.8M | -2.5M | -1.4M | -1.8M |
| Depreciation And Amortization | 214,791 | 215,068 | 193,802 | 187,930 | 171,257 |
| Depreciation Amortization Depletion | 214,791 | 215,068 | 193,802 | 187,930 | 171,257 |
| Stock Based Compensation | 954,817 | 490,144 | 84,415 | 112,963 | 128,231 |
| Deferred Tax | 0.00 | 0.00 | 4.2M | 0.00 | 0.00 |
| Deferred Income Tax | 0.00 | 0.00 | 4.2M | 0.00 | 0.00 |
| Change In Working Capital | 392,850 | -3.2M | 1.2M | -1.1M | -2.5M |
| Changes In Account Receivables | 334,512 | -741,203 | 560,329 | 89,527 | -22,749 |
| Change In Receivables | 374,356 | -812,409 | 498,936 | 36,410 | 49,421 |
| Change In Payables And Accrued Expense | 10,458 | -2.5M | 882,473 | -573,895 | -1.6M |
| Change In Payable | -- | -2.5M | -- | -- | -1.6M |
| Change In Other Current Assets | 0.00 | 0.00 | -209,550 | -683,964 | -727,971 |
| Other Non Cash Items | 178,149 | 118,779 | 197,372 | 210,293 | 208,769 |
| Capital Expenditure | -882,721 | -1.1M | -7.6M | -376,909 | -180,830 |
| Purchase Of Business | -- | -- | 0.00 | 0.00 | 0.00 |
| Sale Of Business | 0.00 | 0.00 | 57.3M | 0.00 | -375,000 |
| Investing Cash Flow | 7.7M | 3.6M | 49.7M | -376,908 | -555,831 |
| Cash Flow From Continuing Investing Activities | 7.7M | 3.6M | 49.7M | -376,909 | -555,830 |
| Repayment Of Debt | -213,434 | -130,755 | -238,750 | -197,908 | -185,554 |
| Net Issuance Payments Of Debt | -213,434 | -130,755 | -35.1M | -197,908 | -185,554 |
| Common Stock Dividend Paid | 0.00 | 0.00 | 0.00 | -- | -- |
| Financing Cash Flow | -1.2M | -182,715 | -35.4M | -9.8M | -361,464 |
| Cash Flow From Continuing Financing Activities | -1.2M | -182,715 | -35.4M | -9.8M | -361,464 |
| Effect Of Exchange Rate Changes | -36,404 | -23,271 | -2,860 | -28,977 | -2,906 |
| Changes In Cash | 6.5M | -2.4M | 11.9M | -11.6M | -2.8M |
| Beginning Cash Position | 25.9M | 28.4M | 16.5M | 28.1M | 30.9M |
| End Cash Position | 32.4M | 25.9M | 28.4M | 16.5M | 28.1M |
| Free Cash Flow | -807,896 | -6.9M | -10.1M | -1.7M | -2.0M |
| Asset Impairment Charge | 1.0M | 0.00 | -- | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- | -- |
| Change In Account Payable | -- | -2.5M | -- | -- | -1.6M |
| Change In Prepaid Assets | 8,036 | 155,478 | 4,214 | 78,522 | -251,319 |
| Depreciation | 214,791 | 215,068 | 193,802 | 187,930 | 171,257 |
| Gain Loss On Sale Of Business | -- | -- | -- | -- | 375,000 |
| Long Term Debt Payments | -213,434 | -130,755 | -238,750 | -197,908 | -185,554 |
| Net Business Purchase And Sale | 0.00 | 0.00 | 57.3M | 0.00 | -375,000 |
| Net Foreign Currency Exchange Gain Loss | -177,657 | 223,735 | 1.2M | -229,950 | 92,146 |
| Net Income From Continuing Operations | -2.5M | -2.1M | 22.7M | -501,719 | -324,091 |
| Net Intangibles Purchase And Sale | 11.6M | 3.6M | -7.6M | -376,909 | -180,830 |
| Net Long Term Debt Issuance | -213,434 | -130,755 | -238,750 | -197,908 | -185,554 |
| Net Other Financing Charges | 0.00 | -51,960 | -227,255 | -153,350 | -- |
| Net Short Term Debt Issuance | 0.00 | 0.00 | -34.9M | 0.00 | 0.00 |
| Operating Gains Losses | -202,729 | 248,807 | -31.1M | -229,950 | 467,146 |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | 687,000 | 0.00 |
| Purchase Of Intangibles | -882,721 | -1.1M | -7.6M | -376,909 | -180,830 |
| Sale Of Intangibles | 12.5M | 4.7M | -- | -- | -- |
| Taxes Refund Paid | 656.00 | -1.6M | 0.00 | 0.00 | 0.00 |