WELL Health Technologies Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 356.7M | 294.1M | 193.2M | 234.1M | 227.3M |
| Operating Revenue | 356.7M | 294.1M | 193.2M | 234.1M | 227.3M |
| Cost Of Revenue | 197.9M | 176.7M | 152.1M | 139.5M | 135.8M |
| Gross Profit | 158.7M | 117.5M | 41.2M | 94.6M | 91.5M |
| Selling General And Administration | 107.2M | 90.2M | 84.6M | 78.9M | 78.6M |
| General And Administrative Expense | 84.4M | 66.7M | 62.3M | 55.5M | 57.7M |
| Depreciation And Amortization In Income Statement | 25.4M | 19.5M | 21.0M | 17.5M | 17.3M |
| Operating Expense | 132.6M | 109.7M | 105.6M | 96.4M | 95.9M |
| Operating Income | 26.1M | 7.7M | -64.4M | -1.7M | -4.4M |
| EBIT | 35.5M | -32.2M | -42.2M | -83.4M | 108.5M |
| Interest Expense | 12.6M | 10.9M | 8.6M | 8.8M | 9.4M |
| Interest Expense Non Operating | 12.6M | 10.9M | 8.6M | 8.8M | 9.4M |
| Interest Income | 463,000 | 519,000 | 500,000 | 255,000 | 279,000 |
| Interest Income Non Operating | 463,000 | 519,000 | 500,000 | 255,000 | 279,000 |
| Net Interest Income | -12.4M | -10.7M | -8.6M | -8.6M | -9.4M |
| Other Income Expense | 9.3M | -40.1M | 22.2M | -81.9M | 113.0M |
| Other Non Operating Income Expenses | -1.4M | -2.1M | -1.3M | -895,000 | -3.6M |
| Special Income Charges | -5.1M | -333,000 | -23.6M | -2.0M | -15,000 |
| Restructuring And Mergern Acquisition | 5.1M | 357,000 | 3.7M | 2.0M | 15,000 |
| Gain On Sale Of Security | 15.9M | -35.3M | 48.8M | -77.2M | 116.4M |
| Earnings From Equity Interest | -117,000 | -2.4M | -1.6M | -1.8M | 177,000 |
| Pretax Income | 22.9M | -43.1M | -50.8M | -92.3M | 99.2M |
| Tax Provision | 5.9M | -1.2M | -19.1M | -3.8M | -6.4M |
| Tax Effect Of Unusual Items | 2.8M | -1.0M | 9.4M | -3.3M | 17.5M |
| Net Income From Continuing And Discontinued Operation | 12.2M | -46.6M | -13.0M | -90.1M | 103.7M |
| Net Income From Continuing Operation Net Minority Interest | 12.2M | -46.6M | -13.0M | -90.1M | 103.7M |
| Net Income Including Noncontrolling Interests | 17.0M | -41.9M | -31.7M | -88.4M | 105.6M |
| Minority Interests | -4.8M | -4.7M | 18.7M | -1.7M | -1.9M |
| Net Income Common Stockholders | 12.2M | -46.6M | -13.0M | -90.1M | 103.7M |
| Net Income | 12.2M | -46.6M | -13.0M | -90.1M | 103.7M |
| EBITDA | 60.9M | -12.6M | -21.3M | -66.0M | 125.9M |
| Normalized EBITDA | 50.1M | 23.0M | -46.4M | 13.2M | 9.5M |
| Reconciled Depreciation | 25.4M | 19.5M | 21.0M | 17.5M | 17.3M |
| Basic EPS | 0.05 | -0.19 | -- | -0.33 | 0.42 |
| Diluted EPS | 0.05 | -0.19 | -- | -0.33 | 0.41 |
| Basic Average Shares | 253.3M | 250.5M | -- | 229.6M | 246.1M |
| Diluted Average Shares | 253.3M | 250.5M | -- | 229.6M | 255.1M |
| Total Unusual Items | 10.8M | -35.7M | 25.2M | -79.2M | 116.4M |
| Total Unusual Items Excluding Goodwill | 10.8M | -35.7M | 25.2M | -79.2M | 116.4M |
| Tax Rate For Calcs | 0.26 | 0.03 | 0.38 | 0.04 | 0.15 |
| Normalized Income | 4.2M | -11.9M | -28.7M | -14.3M | 4.8M |
| Depreciation Amortization Depletion Income Statement | 25.4M | 19.5M | 21.0M | 17.5M | 17.3M |
| Diluted NI Availto Com Stockholders | 12.2M | -46.6M | -13.0M | -90.1M | 103.7M |
| Gain On Sale Of Ppe | 0.00 | 24,000 | 500,000 | 33,000 | 0.00 |
| Net Income Continuous Operations | 17.0M | -41.9M | -31.7M | -88.4M | 105.6M |
| Net Non Operating Interest Income Expense | -12.4M | -10.7M | -8.6M | -8.6M | -9.4M |
| Other Gand A | 20.4M | 21.1M | 20.2M | 17.0M | 16.7M |
| Reconciled Cost Of Revenue | 197.9M | 176.7M | 152.1M | 139.5M | 135.8M |
| Salaries And Wages | 64.0M | 45.5M | 42.2M | 38.6M | 41.0M |
| Selling And Marketing Expense | 22.9M | 23.5M | 22.3M | 23.4M | 20.9M |
| Total Expenses | 330.6M | 286.4M | 257.7M | 235.9M | 231.7M |
| Total Operating Income As Reported | 27.1M | 7.6M | -63.9M | -1.8M | -4.3M |
| Total Other Finance Cost | 319,000 | 323,000 | 519,000 | 73,000 | 326,000 |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 98.9M | 103.2M | 131.7M | 66.2M | 46.5M |
| Cash Cash Equivalents And Short Term Investments | 98.9M | 103.2M | 131.7M | 66.2M | 46.5M |
| Accounts Receivable | 190.2M | 192.7M | 184.5M | 216.8M | 181.5M |
| Receivables | 212.8M | 193.7M | 200.6M | 217.7M | 182.5M |
| Inventory | 2.9M | 3.1M | 2.7M | 1.9M | 1.8M |
| Prepaid Assets | -- | -- | 9.5M | -- | -- |
| Other Current Assets | 44.1M | 37.2M | 1.7M | 29.2M | 29.2M |
| Current Assets | 358.6M | 337.2M | 346.1M | 314.9M | 260.0M |
| Gross PPE | -- | -- | 168.7M | -- | -- |
| Accumulated Depreciation | -- | -- | -66.9M | -- | -- |
| Net PPE | 110.9M | 102.1M | 101.8M | 97.6M | 101.5M |
| Goodwill | 711.3M | 575.3M | 565.1M | 516.7M | 519.5M |
| Goodwill And Other Intangible Assets | 1.5B | 1.2B | 1.1B | 1.0B | 1.1B |
| Other Intangible Assets | 770.6M | 602.9M | 574.0M | 532.8M | 546.6M |
| Investments And Advances | 17.0M | 139.4M | 173.8M | 126.8M | 205.6M |
| Long Term Equity Investment | 4.0M | 84.5M | 15.3M | 16.9M | 18.8M |
| Other Non Current Assets | 8.6M | 6.8M | 3.5M | 2.8M | 2.8M |
| Total Non Current Assets | 1.7B | 1.5B | 1.5B | 1.3B | 1.4B |
| Total Assets | 2.0B | 1.8B | 1.8B | 1.6B | 1.6B |
| Current Debt | 33.0M | 9.7M | 9.4M | 8.7M | 8.0M |
| Current Debt And Capital Lease Obligation | 55.7M | 27.9M | 28.0M | 24.7M | 23.6M |
| Accounts Payable | 108.4M | 91.1M | 86.6M | 66.2M | 61.8M |
| Payables | 185.4M | 224.3M | 252.7M | 212.9M | 142.7M |
| Payables And Accrued Expenses | 214.1M | 247.2M | 271.4M | 227.8M | 158.2M |
| Current Accrued Expenses | 28.7M | 22.9M | 18.7M | 14.8M | 15.6M |
| Current Deferred Revenue | 78.3M | 64.2M | 59.5M | 6.9M | 8.6M |
| Other Current Liabilities | 11.3M | 8.3M | 8.6M | 7.3M | 7.5M |
| Current Liabilities | 386.2M | 364.7M | 382.1M | 277.2M | 208.4M |
| Long Term Debt | 449.0M | 385.8M | 336.0M | 311.3M | 331.0M |
| Long Term Debt And Capital Lease Obligation | 514.1M | 446.3M | 397.1M | 371.6M | 395.3M |
| Long Term Capital Lease Obligation | 65.1M | 60.5M | 61.1M | 60.3M | 64.3M |
| Other Non Current Liabilities | 329,000 | 2.6M | 2.3M | 2.1M | 2.0M |
| Total Non Current Liabilities Net Minority Interest | 647.4M | 536.2M | 495.5M | 397.9M | 421.5M |
| Total Liabilities Net Minority Interest | 1.0B | 901.0M | 877.6M | 675.1M | 630.0M |
| Common Stock | 804.4M | 802.7M | 784.9M | 784.1M | 778.6M |
| Capital Stock | 804.4M | 802.7M | 784.9M | 784.1M | 778.6M |
| Additional Paid In Capital | 44.6M | 42.4M | 46.6M | 45.0M | 48.9M |
| Retained Earnings | -65.4M | -77.5M | -31.0M | -18.0M | 63.2M |
| Gains Losses Not Affecting Retained Earnings | 42.5M | 66.9M | 67.1M | 36.0M | 44.3M |
| Other Equity Adjustments | 42.5M | 66.9M | 67.1M | -- | 44.3M |
| Common Stock Equity | 826.2M | 834.4M | 867.6M | 847.1M | 935.0M |
| Stockholders Equity | 826.2M | 834.4M | 867.6M | 847.1M | 935.0M |
| Total Equity Gross Minority Interest | 985.4M | 911.0M | 929.7M | 918.0M | 1.0B |
| Minority Interest | 159.2M | 76.6M | 62.1M | 70.9M | 72.7M |
| Total Capitalization | 1.3B | 1.2B | 1.2B | 1.2B | 1.3B |
| Net Tangible Assets | -655.7M | -343.7M | -271.5M | -202.4M | -131.2M |
| Tangible Book Value | -655.7M | -343.7M | -271.5M | -202.4M | -131.2M |
| Working Capital | -27.6M | -27.6M | -36.0M | 37.8M | 51.6M |
| Invested Capital | 1.3B | 1.2B | 1.2B | 1.2B | 1.3B |
| Total Debt | 569.8M | 474.2M | 425.1M | 396.4M | 418.9M |
| Net Debt | 383.0M | 292.3M | 213.7M | 253.9M | 292.5M |
| Share Issued | 253.3M | 252.9M | 249.1M | 248.9M | 248.0M |
| Ordinary Shares Number | 253.3M | 252.9M | 249.1M | 248.9M | 248.0M |
| Allowance For Doubtful Accounts Receivable | -8.3M | -4.2M | -4.2M | -3.2M | -3.0M |
| Assets Held For Sale Current | -- | -- | 0.00 | 0.00 | 0.00 |
| Capital Lease Obligations | 87.8M | 78.7M | 79.7M | 76.3M | 79.9M |
| Construction In Progress | -- | -- | 480,000 | -- | -- |
| Current Capital Lease Obligation | 22.7M | 18.2M | 18.7M | 16.0M | 15.6M |
| Current Deferred Liabilities | 105.1M | 81.3M | 74.0M | 17.3M | 19.1M |
| Derivative Product Liabilities | -- | -- | 48.1M | -- | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 13.0M | 54.9M | 158.5M | 109.9M | 186.8M |
| Gross Accounts Receivable | 198.5M | 197.0M | 188.7M | 220.1M | 184.4M |
| Income Tax Payable | 4.8M | 3.9M | 661,000 | 3.0M | 1.6M |
| Investmentin Financial Assets | 13.0M | 54.9M | 158.5M | 109.9M | 186.8M |
| Leases | -- | -- | 17.1M | -- | -- |
| Machinery Furniture Equipment | -- | -- | 12.2M | -- | -- |
| Non Current Accounts Receivable | -- | 1.2M | 1.4M | 1.5M | 1.6M |
| Non Current Deferred Assets | 42.2M | 47.1M | 41.6M | -- | -- |
| Non Current Deferred Liabilities | 81.2M | 37.5M | 48.1M | 24.2M | 24.2M |
| Non Current Deferred Revenue | -- | -- | 0.00 | 467,000 | 467,000 |
| Non Current Deferred Taxes Assets | 42.2M | 47.1M | 41.6M | -- | -- |
| Non Current Deferred Taxes Liabilities | 49.7M | 32.5M | 31.7M | 10.6M | 11.4M |
| Other Current Borrowings | 33.0M | 9.7M | 9.4M | 8.7M | 8.0M |
| Other Payable | 72.3M | 129.4M | 165.4M | 143.8M | 79.3M |
| Other Properties | -- | -- | 138.9M | -- | -- |
| Other Receivables | 22.6M | 936,000 | 13.0M | 824,000 | 983,000 |
| Preferred Securities Outside Stock Equity | 51.8M | 49.8M | 48.1M | -- | -- |
| Properties | -- | -- | 0.00 | -- | -- |
| Taxes Receivable | -- | -- | 3.1M | -- | -- |
| Total Tax Payable | 4.8M | 3.9M | 661,000 | 3.0M | 1.6M |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 27.3M | 21.3M | -102.6M | -6.5M | -26.7M |
| Cash Flow From Continuing Operating Activities | 27.3M | 21.3M | -102.6M | -6.5M | -26.7M |
| Depreciation And Amortization | 25.4M | 19.5M | 21.0M | 17.5M | 17.3M |
| Depreciation Amortization Depletion | 25.4M | 19.5M | 21.0M | 17.5M | 17.3M |
| Stock Based Compensation | 5.8M | 2.5M | 2.9M | 2.1M | 4.8M |
| Deferred Tax | 3.1M | -4.8M | -23.1M | -5.7M | -11.2M |
| Deferred Income Tax | 3.1M | -4.8M | -23.1M | -5.7M | -11.2M |
| Change In Working Capital | -14.2M | 3.5M | -35.8M | -14.4M | -31.4M |
| Change In Receivables | 24.6M | 916,000 | 35.4M | -35.3M | -51.7M |
| Change In Inventory | 274,000 | -437,000 | -774,000 | -74,000 | -669,000 |
| Change In Payables And Accrued Expense | -14.2M | 3.4M | 18.7M | 4.6M | 6.5M |
| Change In Other Working Capital | -9.0M | 4.2M | 52.0M | 15.9M | 17.8M |
| Change In Other Current Assets | 12.9M | -10.9M | 7.0M | -7.7M | 2.8M |
| Change In Other Current Liabilities | -14.8M | 6.4M | -143.6M | 543,000 | 1.6M |
| Other Non Cash Items | 12.3M | 4.4M | 8.2M | 4.3M | 2.4M |
| Capital Expenditure | -5.9M | -5.4M | -6.0M | -3.9M | -4.7M |
| Purchase Of PPE | -5.9M | -5.4M | -6.0M | -3.9M | -4.7M |
| Net PPE Purchase And Sale | -5.9M | -5.4M | -6.0M | -3.9M | -4.7M |
| Purchase Of Business | 24.8M | -43.9M | -36.0M | -1.1M | 6.4M |
| Sale Of Investment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Investment Purchase And Sale | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | 11.3M | -49.0M | -43.1M | -5.3M | -6.0M |
| Cash Flow From Continuing Investing Activities | 11.3M | -49.0M | -43.1M | -5.3M | -6.0M |
| Issuance Of Debt | 39.2M | 51.4M | 14.0M | 9.3M | 11.1M |
| Repayment Of Debt | -20.5M | -9.2M | -12.8M | -34.1M | -31.9M |
| Net Issuance Payments Of Debt | 18.8M | 42.2M | 1.2M | -24.8M | -20.8M |
| Repurchase Of Capital Stock | -94,000 | -283,000 | -606,000 | -608,000 | -444,000 |
| Net Common Stock Issuance | -94,000 | -283,000 | -606,000 | -608,000 | -444,000 |
| Common Stock Payments | -94,000 | -283,000 | -606,000 | -608,000 | -444,000 |
| Financing Cash Flow | -40.5M | -696,000 | 206.8M | 31.9M | 30.8M |
| Cash Flow From Continuing Financing Activities | -40.5M | -696,000 | 206.8M | 31.9M | 30.8M |
| Effect Of Exchange Rate Changes | -2.4M | -114,000 | 4.5M | -522,000 | 197,000 |
| Changes In Cash | -1.9M | -28.4M | 61.7M | 20.1M | -1.9M |
| Beginning Cash Position | 103.2M | 131.7M | 66.2M | 46.5M | 48.2M |
| End Cash Position | 98.9M | 103.2M | 131.7M | 66.2M | 46.5M |
| Free Cash Flow | 21.4M | 15.9M | -108.6M | -10.5M | -31.5M |
| Income Tax Paid Supplemental Data | 6.3M | 2.6M | 1.2M | -367,000 | 2.8M |
| Interest Paid Supplemental Data | 8.8M | 5.4M | 7.1M | 5.9M | 7.8M |
| Cash Dividends Paid | -- | -- | 0.00 | 0.00 | -- |
| Earnings Losses From Equity Investments | 117,000 | 2.4M | 1.6M | 1.8M | -177,000 |
| Interest Paid Cff | -- | -- | -1.9M | 0.00 | -- |
| Long Term Debt Issuance | 39.2M | 51.4M | 14.0M | 9.3M | 11.1M |
| Long Term Debt Payments | -20.5M | -9.2M | -12.8M | -34.1M | -31.9M |
| Net Business Purchase And Sale | 24.8M | -43.9M | -36.0M | -1.1M | 6.4M |
| Net Foreign Currency Exchange Gain Loss | -7.4M | 416,000 | 2.5M | -824,000 | 2.4M |
| Net Income From Continuing Operations | 17.0M | -41.9M | -31.7M | -88.4M | 105.6M |
| Net Long Term Debt Issuance | 18.8M | 42.2M | 1.2M | -24.8M | -20.8M |
| Net Other Financing Charges | -56.6M | -42.8M | 160.3M | 57.4M | 51.3M |
| Net Other Investing Changes | -7.6M | 364,000 | -1.1M | -250,000 | -7.6M |
| Operating Gains Losses | -9.4M | 2.8M | 4.2M | 975,000 | 2.2M |
| Other Cash Adjustment Outside Changein Cash | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Proceeds From Stock Option Exercised | 86,000 | 112,000 | 104,000 | 20,000 | 2.7M |
| Unrealized Gain Loss On Investment Securities | -12.8M | 35.2M | -48.3M | 77.1M | -116.3M |