Grey Wolf Animal Health 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 | 26.8M | 25.4M | 22.6M | 13.1M |
| Operating Revenue | 25.3M | 23.7M | 21.1M | 11.1M |
| Cost Of Revenue | 13.1M | 12.6M | 11.1M | 5.9M |
| Gross Profit | 13.8M | 12.8M | 11.6M | 7.1M |
| Selling General And Administration | 10.6M | 10.1M | 10.6M | 6.0M |
| General And Administrative Expense | 8.4M | 7.8M | 8.3M | 5.0M |
| Research And Development | 98,261 | 73,810 | 59,497 | 52,252 |
| Depreciation And Amortization In Income Statement | 1.1M | 1.1M | 1.2M | 1.0M |
| Operating Expense | 11.9M | 11.3M | 11.9M | 7.1M |
| Operating Income | 1.9M | 1.6M | -355,945 | 70,410 |
| EBIT | 2.1M | 1.7M | 8.4M | -236,024 |
| Interest Expense | 664,901 | 599,022 | 6.7M | 1.7M |
| Interest Expense Non Operating | 664,901 | 599,022 | 6.7M | 1.7M |
| Interest Income | 203,891 | 148,726 | 0.00 | -- |
| Interest Income Non Operating | 203,891 | 148,726 | 0.00 | -- |
| Net Interest Income | -461,010 | -450,296 | -6.7M | -1.7M |
| Other Income Expense | -52,416 | -6,171 | 8.8M | -306,434 |
| Other Non Operating Income Expenses | -- | 10,000 | 10,000 | 24,249 |
| Special Income Charges | -- | -- | 10,000 | -48,723 |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 72,972 |
| Gain On Sale Of Security | -52,416 | -16,171 | 8.8M | -257,711 |
| Pretax Income | 1.4M | 1.1M | 1.7M | -1.9M |
| Tax Provision | 687,053 | 488,722 | -796,778 | -922,186 |
| Tax Effect Of Unusual Items | -7,862 | -6,468 | 2.3M | -81,205 |
| Net Income From Continuing And Discontinued Operation | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Income From Continuing Operation Net Minority Interest | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Income Including Noncontrolling Interests | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Income Common Stockholders | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Income | 704,668 | 609,582 | 2.5M | -968,939 |
| EBITDA | 3.6M | 3.2M | 10.0M | 885,709 |
| Normalized EBITDA | 3.6M | 3.2M | 1.2M | 1.2M |
| Reconciled Depreciation | 1.5M | 1.5M | 1.6M | 1.1M |
| Basic EPS | 0.02 | 0.02 | 0.15 | -0.03 |
| Diluted EPS | 0.02 | 0.02 | 0.15 | -0.03 |
| Basic Average Shares | 35.2M | 31.0M | 16.7M | 31.0M |
| Diluted Average Shares | 35.2M | 31.0M | 16.7M | 31.0M |
| Total Unusual Items | -52,416 | -16,171 | 8.8M | -306,434 |
| Total Unusual Items Excluding Goodwill | -52,416 | -16,171 | 8.8M | -306,434 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 749,222 | 619,285 | -3.9M | -743,710 |
| Depreciation Amortization Depletion Income Statement | 1.1M | 1.1M | 1.2M | 1.0M |
| Diluted NI Availto Com Stockholders | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Income Continuous Operations | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Non Operating Interest Income Expense | -461,010 | -450,296 | -6.7M | -1.7M |
| Other Gand A | 3.0M | 2.3M | 3.6M | 1.8M |
| Other Special Charges | -- | -- | -10,000 | -24,249 |
| Reconciled Cost Of Revenue | 12.7M | 12.3M | 10.8M | 5.8M |
| Salaries And Wages | 5.4M | 5.6M | 4.7M | 3.3M |
| Selling And Marketing Expense | 2.2M | 2.2M | 2.3M | 973,394 |
| Total Expenses | 24.9M | 23.9M | 23.0M | 13.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 6.4M | 7.8M | 6.9M | 4.4M |
| Cash Cash Equivalents And Short Term Investments | 6.4M | 7.8M | 6.9M | 4.4M |
| Accounts Receivable | 2.2M | 1.7M | 2.0M | 1.1M |
| Receivables | 2.2M | 1.7M | 2.0M | 1.1M |
| Inventory | 5.5M | 4.6M | 3.8M | 2.9M |
| Prepaid Assets | 415,567 | 250,966 | 309,472 | 125,164 |
| Current Assets | 14.5M | 14.4M | 12.9M | 8.5M |
| Gross PPE | 8.4M | 2.5M | 2.4M | 2.4M |
| Accumulated Depreciation | -1.1M | -674,488 | -391,786 | -106,913 |
| Net PPE | 7.3M | 1.9M | 2.0M | 2.3M |
| Goodwill | 24.2M | 13.9M | 13.9M | 13.9M |
| Goodwill And Other Intangible Assets | 42.5M | 23.4M | 24.4M | 25.5M |
| Other Intangible Assets | 18.3M | 9.5M | 10.5M | 11.6M |
| Total Non Current Assets | 51.1M | 27.1M | 26.4M | 27.8M |
| Total Assets | 65.6M | 41.4M | 39.3M | 36.2M |
| Current Debt | 2.1M | 1.1M | 1.1M | 13.1M |
| Current Debt And Capital Lease Obligation | 2.1M | 1.1M | 1.2M | 13.2M |
| Accounts Payable | 4.0M | 4.1M | 3.7M | 2.2M |
| Payables | 4.0M | 4.3M | 3.8M | 2.3M |
| Payables And Accrued Expenses | 4.0M | 4.3M | 3.8M | 2.3M |
| Other Current Liabilities | -- | -- | -- | 4.0M |
| Current Liabilities | 6.2M | 5.4M | 5.0M | 19.5M |
| Long Term Debt | 24.8M | 8.1M | 9.1M | 10.0M |
| Long Term Debt And Capital Lease Obligation | 25.5M | 8.8M | 9.8M | 10.8M |
| Long Term Capital Lease Obligation | 650,794 | 663,017 | 737,763 | 788,408 |
| Total Non Current Liabilities Net Minority Interest | 30.6M | 10.9M | 10.1M | 12.6M |
| Total Liabilities Net Minority Interest | 36.8M | 16.3M | 15.1M | 32.2M |
| Common Stock | 31.5M | 28.6M | 28.6M | 9.7M |
| Capital Stock | 31.5M | 28.6M | 28.6M | 9.7M |
| Additional Paid In Capital | 1.8M | 1.7M | 1.5M | 899,145 |
| Retained Earnings | -8.0M | -8.7M | -9.3M | -11.8M |
| Common Stock Equity | 28.8M | 25.1M | 24.2M | 4.1M |
| Stockholders Equity | 28.8M | 25.1M | 24.2M | 4.1M |
| Total Equity Gross Minority Interest | 28.8M | 25.1M | 24.2M | 4.1M |
| Total Capitalization | 53.6M | 33.2M | 33.3M | 14.1M |
| Net Tangible Assets | -13.7M | 1.7M | -141,865 | -21.4M |
| Tangible Book Value | -13.7M | 1.7M | -141,865 | -21.4M |
| Working Capital | 8.3M | 8.9M | 7.9M | -11.0M |
| Invested Capital | 55.7M | 34.3M | 34.4M | 27.2M |
| Total Debt | 27.6M | 9.9M | 11.0M | 24.0M |
| Net Debt | 20.5M | 1.4M | 3.3M | 18.8M |
| Share Issued | 34.2M | 31.0M | 31.0M | 31.0M |
| Ordinary Shares Number | 34.2M | 31.0M | 31.0M | 31.0M |
| Buildings And Improvements | 4.4M | 0.00 | -- | -- |
| Capital Lease Obligations | 729,016 | 737,762 | 918,869 | 923,492 |
| Current Capital Lease Obligation | 78,222 | 74,745 | 181,106 | 135,084 |
| Finished Goods | 4.1M | 3.4M | 2.6M | 1.8M |
| Income Tax Payable | 35,099 | 166,293 | 63,526 | 75,287 |
| Inventories Adjustments Allowances | -34,000 | -12,000 | -60,000 | -50,000 |
| Land And Improvements | 490,000 | 0.00 | -- | -- |
| Leases | 2.2M | 2.0M | 2.1M | 2.2M |
| Machinery Furniture Equipment | 484,811 | 268,119 | 145,470 | 226,955 |
| Non Current Deferred Assets | 1.3M | 1.8M | -- | -- |
| Non Current Deferred Liabilities | 5.1M | 2.1M | 278,857 | 1.8M |
| Non Current Deferred Taxes Assets | 1.3M | 1.8M | -- | -- |
| Non Current Deferred Taxes Liabilities | 5.1M | 2.1M | 278,857 | 1.8M |
| Other Current Borrowings | 2.1M | 1.1M | 1.1M | 13.1M |
| Other Equity Interest | 3.5M | 3.5M | 3.5M | 5.3M |
| Other Properties | 776,136 | 237,305 | 131,965 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 1.4M | 1.2M | 1.2M | 1.1M |
| Total Tax Payable | 35,099 | 166,293 | 63,526 | 75,287 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 1.7M | 2.4M | -710,282 | 2.1M |
| Cash Flow From Continuing Operating Activities | 1.7M | 2.4M | -710,282 | 2.1M |
| Depreciation And Amortization | 1.5M | 1.5M | 1.6M | 1.1M |
| Depreciation Amortization Depletion | 1.5M | 1.5M | 1.6M | 1.1M |
| Stock Based Compensation | 85,634 | 232,584 | 211,178 | 180,991 |
| Deferred Tax | 687,053 | 488,722 | -796,778 | -922,186 |
| Deferred Income Tax | 687,053 | 488,722 | -796,778 | -922,186 |
| Change In Working Capital | -935,584 | -138,797 | -607,716 | 1.1M |
| Change In Receivables | 76,422 | 261,526 | -829,024 | 546,702 |
| Change In Inventory | -390,923 | -862,804 | -895,663 | -211,701 |
| Change In Payables And Accrued Expense | -483,253 | 403,975 | 1.3M | 794,400 |
| Other Non Cash Items | 239,315 | 125,765 | 5.5M | 1.5M |
| Capital Expenditure | -534,024 | -284,441 | -53,756 | -14,995 |
| Purchase Of PPE | -534,024 | -284,441 | -53,756 | -14,995 |
| Net PPE Purchase And Sale | -534,024 | -284,441 | -53,756 | -14,995 |
| Purchase Of Business | -19.9M | 0.00 | 0.00 | -23.2M |
| Sale Of Business | -- | 0.00 | 4.4M | 0.00 |
| Investing Cash Flow | -20.5M | -284,441 | 4.4M | -23.2M |
| Cash Flow From Continuing Investing Activities | -20.5M | -284,441 | 4.4M | -23.2M |
| Issuance Of Debt | 18.5M | 0.00 | 0.00 | 22.7M |
| Repayment Of Debt | -1.1M | -1.2M | -1.1M | -381,128 |
| Net Issuance Payments Of Debt | 17.4M | -1.2M | -1.1M | 22.3M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 2.5M |
| Financing Cash Flow | 17.3M | -1.2M | -1.1M | 23.3M |
| Cash Flow From Continuing Financing Activities | 17.3M | -1.2M | -1.1M | 23.3M |
| Changes In Cash | -1.4M | 925,480 | 2.5M | 2.2M |
| Beginning Cash Position | 7.8M | 6.9M | 4.4M | 2.1M |
| End Cash Position | 6.4M | 7.8M | 6.9M | 4.4M |
| Free Cash Flow | 1.2M | 2.1M | -764,038 | 2.1M |
| Interest Paid Supplemental Data | 425,586 | 473,257 | 1.2M | 220,603 |
| Amortization Cash Flow | 1.0M | 975,000 | 1.1M | 906,968 |
| Amortization Of Intangibles | 1.0M | 975,000 | 1.1M | 906,968 |
| Change In Prepaid Assets | -137,830 | 58,506 | -184,308 | -66,976 |
| Depreciation | 480,278 | 478,316 | 473,182 | 214,765 |
| Gain Loss On Investment Securities | -- | -- | -8.8M | 267,534 |
| Long Term Debt Issuance | 18.5M | 0.00 | 0.00 | 11.5M |
| Long Term Debt Payments | -1.1M | -1.2M | -1.1M | -381,128 |
| Net Business Purchase And Sale | -19.9M | 0.00 | 4.4M | -23.2M |
| Net Income From Continuing Operations | 704,668 | 609,582 | 2.5M | -968,939 |
| Net Long Term Debt Issuance | 17.4M | -1.2M | -1.1M | 11.1M |
| Net Other Financing Charges | -19,200 | -- | -- | -1.5M |
| Net Preferred Stock Issuance | -- | -- | 0.00 | 2.5M |
| Net Short Term Debt Issuance | -- | -- | 0.00 | 11.2M |
| Operating Gains Losses | -- | -10,000 | -8.8M | 267,534 |
| Preferred Stock Issuance | -- | -- | 0.00 | 2.5M |
| Short Term Debt Issuance | -- | -- | 0.00 | 11.2M |
| Taxes Refund Paid | -562,819 | -327,427 | -311,911 | -83,437 |