WELL Health Technologies Corp.
Financial Statements (IFRS) · Amounts in CAD
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 | 919.7M | 776.1M | 569.1M | 302.3M |
| Operating Revenue | 919.7M | 776.1M | 569.1M | 302.3M |
| Cost Of Revenue | 556.7M | 403.8M | 265.8M | 148.6M |
| Gross Profit | 363.0M | 372.3M | 303.3M | 153.7M |
| Selling General And Administration | 321.5M | 277.0M | 224.1M | 123.5M |
| General And Administrative Expense | 236.9M | 212.7M | 176.4M | 107.7M |
| Depreciation And Amortization In Income Statement | 72.3M | 60.8M | 55.2M | 38.7M |
| Operating Expense | 393.8M | 337.7M | 279.3M | 162.2M |
| Operating Income | -30.8M | 34.5M | 24.0M | -8.5M |
| EBIT | 44.5M | 50.8M | 39.9M | -17.7M |
| Interest Expense | 35.5M | 31.3M | 22.3M | 7.6M |
| Interest Expense Non Operating | 35.5M | 31.3M | 22.3M | 7.6M |
| Interest Income | 1.3M | 763,000 | 649,000 | 555,000 |
| Interest Income Non Operating | 1.3M | 763,000 | 649,000 | 555,000 |
| Net Interest Income | -35.6M | -31.6M | -22.2M | -7.3M |
| Other Income Expense | 75.4M | 16.5M | 15.8M | -9.5M |
| Other Non Operating Income Expenses | -5.5M | -5.2M | -2.0M | 1.5M |
| Special Income Charges | -16.8M | -21.1M | 18.5M | -6.3M |
| Restructuring And Mergern Acquisition | 8.2M | 22.7M | -13.3M | 6.3M |
| Gain On Sale Of Security | 102.1M | 43.2M | -389,000 | -4.7M |
| Earnings From Equity Interest | -4.3M | -378,000 | -396,000 | -- |
| Pretax Income | 9.0M | 19.5M | 17.5M | -25.3M |
| Tax Provision | -20.1M | 2.9M | -1.1M | 5.8M |
| Tax Effect Of Unusual Items | 12.8M | 3.2M | 4.8M | -2.9M |
| Net Income From Continuing And Discontinued Operation | 32.6M | 82,000 | 1.4M | -44.2M |
| Net Income From Continuing Operation Net Minority Interest | 32.6M | 82,000 | 1.4M | -44.2M |
| Net Income Including Noncontrolling Interests | 29.1M | 16.6M | 18.7M | -31.3M |
| Minority Interests | 3.5M | -16.6M | -17.3M | -12.9M |
| Net Income Common Stockholders | 32.6M | 82,000 | 1.4M | -44.2M |
| Net Income | 32.6M | 82,000 | 1.4M | -44.2M |
| EBITDA | 116.8M | 111.6M | 95.1M | 21.0M |
| Normalized EBITDA | 31.6M | 89.5M | 76.9M | 32.0M |
| Reconciled Depreciation | 72.3M | 60.8M | 55.2M | 38.7M |
| Basic EPS | 0.13 | 0.07 | 0.01 | -0.23 |
| Diluted EPS | 0.13 | 0.07 | 0.01 | -0.23 |
| Basic Average Shares | 246.8M | 236.5M | 220.7M | 190.9M |
| Diluted Average Shares | 254.7M | 236.5M | 220.7M | 190.9M |
| Total Unusual Items | 85.2M | 22.1M | 18.2M | -11.0M |
| Total Unusual Items Excluding Goodwill | 85.2M | 22.1M | 18.2M | -11.0M |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.26 | 0.27 |
| Normalized Income | -39.8M | -18.8M | -12.0M | -36.1M |
| Amortization | 50.2M | 45.7M | 42.8M | -- |
| Amortization Of Intangibles Income Statement | 50.2M | 45.7M | 42.8M | -- |
| Depreciation Amortization Depletion Income Statement | 72.3M | 60.8M | 55.2M | 38.7M |
| Depreciation Income Statement | 22.1M | 15.1M | 12.4M | -- |
| Diluted NI Availto Com Stockholders | 32.6M | 82,000 | 1.4M | -44.2M |
| Earnings From Equity Interest Net Of Tax | -- | -- | -396,000 | -209,000 |
| Gain On Sale Of Business | -- | -- | 5.2M | 0.00 |
| Gain On Sale Of Ppe | 11.8M | 1.6M | 5.2M | -- |
| Net Income Continuous Operations | 29.1M | 16.6M | 18.7M | -31.3M |
| Net Non Operating Interest Income Expense | -35.6M | -31.6M | -22.2M | -7.3M |
| Other Gand A | 72.8M | 58.3M | 51.6M | 34.6M |
| Other Special Charges | 20.4M | -- | -- | -- |
| Reconciled Cost Of Revenue | 556.7M | 403.8M | 265.8M | 148.6M |
| Salaries And Wages | 164.1M | 154.4M | 124.8M | 73.2M |
| Selling And Marketing Expense | 84.6M | 64.3M | 47.7M | 15.8M |
| Total Expenses | 950.5M | 741.5M | 545.2M | 310.9M |
| Total Operating Income As Reported | -30.2M | 35.2M | 23.3M | -13.3M |
| Total Other Finance Cost | 1.4M | 976,000 | 523,000 | 270,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 131.7M | 43.4M | 48.9M | 61.9M |
| Cash Cash Equivalents And Short Term Investments | 131.7M | 43.4M | 48.9M | 61.9M |
| Accounts Receivable | 184.5M | 95.0M | 78.9M | 66.0M |
| Receivables | 200.6M | 110.2M | 100.6M | 74.8M |
| Inventory | 2.7M | 1.2M | 1.4M | 793,000 |
| Prepaid Assets | 9.5M | 6.4M | 4.2M | 4.7M |
| Other Current Assets | 1.7M | 980,000 | 520,000 | 109,000 |
| Current Assets | 346.1M | 176.4M | 150.9M | 142.3M |
| Gross PPE | 168.7M | 102.5M | 82.5M | 94.2M |
| Accumulated Depreciation | -66.9M | -42.0M | -15.7M | -11.2M |
| Net PPE | 101.8M | 102.5M | 82.5M | 83.1M |
| Goodwill | 565.1M | 508.1M | 499.3M | 471.5M |
| Goodwill And Other Intangible Assets | 1.1B | 1.1B | 1.1B | 1.0B |
| Other Intangible Assets | 574.0M | 555.2M | 571.3M | 576.7M |
| Investments And Advances | 173.8M | 60.9M | 10.0M | 10.8M |
| Long Term Equity Investment | 15.3M | 4.7M | 4.4M | 5.5M |
| Other Non Current Assets | 3.5M | 4.4M | 3.2M | 644,000 |
| Total Non Current Assets | 1.5B | 1.2B | 1.2B | 1.1B |
| Total Assets | 1.8B | 1.4B | 1.3B | 1.3B |
| Current Debt | 9.4M | 9.1M | 6.5M | 50.1M |
| Current Debt And Capital Lease Obligation | 28.0M | 24.0M | 15.6M | 57.4M |
| Accounts Payable | 86.6M | 47.9M | 50.7M | 38.7M |
| Payables | 252.7M | 48.7M | 50.7M | 42.0M |
| Payables And Accrued Expenses | 271.4M | 61.2M | 50.7M | 48.5M |
| Current Accrued Expenses | 18.7M | 12.5M | 5.6M | 6.5M |
| Current Deferred Revenue | 59.5M | 6.6M | 6.8M | 4.2M |
| Other Current Liabilities | 8.6M | 9.6M | 17.5M | 2.9M |
| Current Liabilities | 382.1M | 116.0M | 108.8M | 137.3M |
| Long Term Debt | 336.0M | 335.9M | 290.7M | 290.6M |
| Long Term Debt And Capital Lease Obligation | 397.1M | 402.3M | 342.8M | 344.6M |
| Long Term Capital Lease Obligation | 61.1M | 66.4M | 52.2M | 54.0M |
| Other Non Current Liabilities | 2.3M | 3.6M | 744,000 | 76,000 |
| Total Non Current Liabilities Net Minority Interest | 495.5M | 447.2M | 395.0M | 442.2M |
| Total Liabilities Net Minority Interest | 877.6M | 563.2M | 503.8M | 579.6M |
| Common Stock | 784.9M | 751.5M | 705.2M | 633.5M |
| Capital Stock | 784.9M | 751.5M | 705.2M | 633.5M |
| Additional Paid In Capital | 46.6M | 54.0M | 51.8M | 44.0M |
| Retained Earnings | -31.0M | -63.6M | -63.7M | -65.0M |
| Gains Losses Not Affecting Retained Earnings | 67.1M | 25.7M | 39.1M | 5.4M |
| Other Equity Adjustments | 67.1M | 25.7M | 39.1M | -- |
| Common Stock Equity | 867.6M | 767.7M | 732.3M | 617.8M |
| Stockholders Equity | 867.6M | 767.7M | 732.3M | 617.8M |
| Total Equity Gross Minority Interest | 929.7M | 846.1M | 815.3M | 707.8M |
| Minority Interest | 62.1M | 78.5M | 82.9M | 89.9M |
| Total Capitalization | 1.2B | 1.1B | 1.0B | 908.4M |
| Net Tangible Assets | -271.5M | -295.6M | -338.2M | -430.4M |
| Tangible Book Value | -271.5M | -295.6M | -338.2M | -430.4M |
| Working Capital | -36.0M | 60.4M | 42.1M | 5.0M |
| Invested Capital | 1.2B | 1.1B | 1.0B | 958.6M |
| Total Debt | 425.1M | 426.3M | 358.4M | 401.9M |
| Net Debt | 213.7M | 301.6M | 248.2M | 278.8M |
| Share Issued | 249.1M | 241.4M | 231.0M | 209.1M |
| Ordinary Shares Number | 249.1M | 241.4M | 231.0M | 209.1M |
| Allowance For Doubtful Accounts Receivable | -4.2M | -3.0M | -3.6M | -1.1M |
| Assets Held For Sale Current | 0.00 | 14.2M | 0.00 | -- |
| Capital Lease Obligations | 79.7M | 81.3M | 61.3M | 61.2M |
| Construction In Progress | 480,000 | 96,000 | 59,000 | 0.00 |
| Current Capital Lease Obligation | 18.7M | 14.9M | 9.1M | 7.2M |
| Current Deferred Liabilities | 74.0M | 21.1M | 25.0M | 28.6M |
| Derivative Product Liabilities | 48.1M | 0.00 | 0.00 | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 158.5M | 56.2M | 5.6M | 5.4M |
| Gross Accounts Receivable | 188.7M | 98.0M | 82.5M | 67.1M |
| Income Tax Payable | 661,000 | 862,000 | 4.2M | 3.3M |
| Investmentin Financial Assets | 158.5M | 56.2M | 5.6M | 5.4M |
| Leases | 17.1M | 11.7M | 12.1M | 11.9M |
| Machinery Furniture Equipment | 12.2M | 4.0M | 3.6M | 5.1M |
| Non Current Accounts Receivable | 1.4M | 1.9M | 1.9M | 2.2M |
| Non Current Deferred Assets | 41.6M | 0.00 | 0.00 | -- |
| Non Current Deferred Liabilities | 48.1M | 41.3M | 51.4M | 97.6M |
| Non Current Deferred Revenue | 0.00 | 255,000 | 403,000 | 510,000 |
| Non Current Deferred Taxes Assets | 41.6M | 0.00 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 31.7M | 18.5M | 30.7M | 35.8M |
| Other Current Borrowings | 9.4M | 9.1M | 6.5M | 50.1M |
| Other Payable | 165.4M | -- | -- | -- |
| Other Properties | 138.9M | 86.7M | 66.8M | 77.3M |
| Other Receivables | 13.0M | 8.3M | 21.7M | 4.1M |
| Preferred Securities Outside Stock Equity | 48.1M | 0.00 | 0.00 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 3.1M | 7.0M | 11.8M | 4.7M |
| Total Tax Payable | 661,000 | 862,000 | 4.2M | 3.3M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 9.5M | 66.4M | 76.5M | 22.3M |
| Cash Flow From Continuing Operating Activities | 9.5M | 66.4M | 76.5M | 22.3M |
| Depreciation And Amortization | 72.3M | 60.8M | 55.2M | 38.7M |
| Depreciation Amortization Depletion | 72.3M | 60.8M | 55.2M | 38.7M |
| Stock Based Compensation | 15.3M | 26.2M | 24.5M | 21.0M |
| Deferred Tax | -31.6M | -10.4M | -978,000 | 0.00 |
| Deferred Income Tax | -31.6M | -10.4M | -978,000 | 0.00 |
| Change In Working Capital | 6.7M | -10.2M | -5.1M | -11.3M |
| Change In Receivables | -80.3M | -2.5M | -9.4M | -15.2M |
| Change In Inventory | -1.5M | 190,000 | -577,000 | 876,000 |
| Change In Payables And Accrued Expense | 36.4M | -9.2M | 10.6M | 3.3M |
| Change In Payable | -- | -- | 11.0M | 3.3M |
| Change In Other Working Capital | 52.5M | -158,000 | 563,000 | -518,000 |
| Change In Other Current Assets | 848,000 | -1.2M | -2.5M | -818,000 |
| Change In Other Current Liabilities | 3.1M | 4.9M | 4.2M | 1.0M |
| Other Non Cash Items | 20.8M | 34.3M | -12.9M | 4.1M |
| Capital Expenditure | -16.2M | -8.1M | -6.4M | -2.7M |
| Purchase Of PPE | -16.2M | -8.1M | -6.4M | -2.7M |
| Net PPE Purchase And Sale | -16.2M | -8.1M | -6.4M | -2.7M |
| Purchase Of Business | -37.3M | -72.8M | -16.5M | -421.8M |
| Sale Of Business | -- | -- | 16.5M | 0.00 |
| Sale Of Investment | 2.4M | 11.6M | 16.5M | -- |
| Net Investment Purchase And Sale | 2.4M | 11.6M | 16.5M | -- |
| Investing Cash Flow | -60.2M | -81.3M | -37.9M | -499.8M |
| Cash Flow From Continuing Investing Activities | -60.2M | -81.3M | -37.9M | -499.8M |
| Issuance Of Debt | 47.5M | 107.7M | 49.5M | 212.3M |
| Repayment Of Debt | -96.8M | -68.9M | -108.2M | -41.2M |
| Net Issuance Payments Of Debt | -49.3M | 38.8M | -58.8M | 171.1M |
| Issuance Of Capital Stock | 47.6M | 0.00 | 34.5M | 302.5M |
| Repurchase Of Capital Stock | -1.7M | 0.00 | -243,000 | 0.00 |
| Net Common Stock Issuance | -1.7M | 0.00 | 34.3M | 302.5M |
| Common Stock Payments | -1.7M | 0.00 | -243,000 | 0.00 |
| Financing Cash Flow | 133.5M | 10.6M | -52.8M | 452.5M |
| Cash Flow From Continuing Financing Activities | 133.5M | 10.6M | -52.8M | 452.5M |
| Effect Of Exchange Rate Changes | 4.7M | -532,000 | 1.2M | 9,000 |
| Changes In Cash | 83.5M | -5.0M | -14.2M | -25.0M |
| Beginning Cash Position | 43.4M | 48.9M | 61.9M | 86.9M |
| End Cash Position | 131.7M | 43.4M | 48.9M | 61.9M |
| Free Cash Flow | -6.7M | 58.3M | 70.1M | 19.6M |
| Income Tax Paid Supplemental Data | 5.1M | 14.9M | 5.3M | -- |
| Interest Paid Supplemental Data | 26.5M | 23.1M | 16.1M | 4.7M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -- | -- | 10.6M | 1.6M |
| Change In Income Tax Payable | -- | -- | 485,000 | 1.7M |
| Change In Prepaid Assets | -4.4M | -2.3M | -7.9M | -- |
| Change In Tax Payable | -- | -- | 485,000 | 1.7M |
| Common Stock Issuance | -- | 0.00 | 34.5M | 302.5M |
| Earnings Losses From Equity Investments | 4.3M | 378,000 | 396,000 | 209,000 |
| Gain Loss On Investment Securities | -11.2M | -1.6M | -- | -- |
| Gain Loss On Sale Of Business | -- | -1.6M | -5.2M | 0.00 |
| Interest Paid Cff | -3.9M | -3.9M | -4.2M | 0.00 |
| Long Term Debt Issuance | 47.5M | 107.7M | 49.5M | 212.3M |
| Long Term Debt Payments | -96.8M | -68.9M | -108.2M | -41.2M |
| Net Business Purchase And Sale | -37.3M | -72.8M | -16.5M | -421.8M |
| Net Foreign Currency Exchange Gain Loss | 5.3M | -7.0M | 2.3M | 891,000 |
| Net Income From Continuing Operations | 29.1M | 16.6M | 18.7M | -31.3M |
| Net Long Term Debt Issuance | -49.3M | 38.8M | -58.8M | 171.1M |
| Net Other Financing Charges | 137.5M | -25.1M | -25.3M | -21.7M |
| Net Other Investing Changes | -9.1M | -12.0M | -31.5M | -75.3M |
| Net Preferred Stock Issuance | 47.6M | 0.00 | -- | -- |
| Operating Gains Losses | -1.6M | -8.2M | -2.5M | 1.0M |
| Other Cash Adjustment Inside Changein Cash | 703,000 | -703,000 | 0.00 | -- |
| Preferred Stock Issuance | 47.6M | 0.00 | -- | -- |
| Proceeds From Stock Option Exercised | 3.2M | 810,000 | 1.2M | 631,000 |
| Unrealized Gain Loss On Investment Securities | -101.5M | -42.6M | -282,000 | 0.00 |