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Winpak Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 1.1B 1.1B 1.1B 1.2B 1.0B
Operating Revenue 1.1B 1.1B 1.1B 1.2B 1.0B
Cost Of Revenue 783.3M 769.3M 807.3M 849.4M 727.5M
Gross Profit 342.2M 361.6M 334.2M 331.8M 274.4M
Selling General And Administration 144.2M 147.5M 134.3M 134.2M 115.4M
General And Administrative Expense 49.9M 48.9M 41.2M 38.8M 31.6M
Research And Development 22.2M 21.6M 20.3M 18.2M 17.8M
Other Operating Expenses 397,000 -- -- 3.4M 43,000
Operating Expense 166.9M 169.0M 154.7M 152.4M 133.3M
Operating Income 175.3M 192.6M 179.5M 179.4M 141.2M
EBIT 188.6M 210.8M 200.7M 174.9M 142.4M
Interest Expense 978,000 904,000 884,000 769,000 819,000
Interest Expense Non Operating 978,000 904,000 884,000 769,000 819,000
Interest Income 15.4M 27.6M 24.4M 6.4M 913,000
Interest Income Non Operating 15.4M 27.6M 24.4M 6.4M 913,000
Net Interest Income 14.4M 26.7M 23.5M 5.6M 94,000
Other Income Expense -2.1M -9.3M -3.2M -10.9M 349,000
Other Non Operating Income Expenses -- -- -294,000 -- --
Special Income Charges -1.6M -4.7M -4.7M -7.2M -919,000
Gain On Sale Of Security -522,000 -4.6M 1.5M -3.7M 1.3M
Pretax Income 187.6M 209.9M 199.8M 174.1M 141.6M
Tax Provision 50.5M 58.9M 52.2M 45.9M 35.3M
Tax Effect Of Unusual Items -560,058 -2.6M -835,722 -2.9M 86,901
Net Income From Continuing And Discontinued Operation 137.3M 149.5M 148.1M 128.3M 103.8M
Net Income From Continuing Operation Net Minority Interest 137.3M 149.5M 148.1M 128.3M 103.8M
Net Income Including Noncontrolling Interests 137.2M 151.1M 147.6M 128.2M 106.3M
Minority Interests 157,000 -1.6M 537,000 118,000 -2.5M
Net Income Common Stockholders 137.3M 149.5M 148.1M 128.3M 103.8M
Net Income 137.3M 149.5M 148.1M 128.3M 103.8M
EBITDA 245.4M 265.4M 250.2M 224.2M 189.7M
Normalized EBITDA 247.5M 274.7M 253.4M 235.2M 189.3M
Reconciled Depreciation 56.8M 54.6M 49.5M 49.4M 47.3M
Basic EPS 2.25 2.35 2.28 1.97 1.60
Diluted EPS 2.25 2.35 2.28 1.97 1.60
Basic Average Shares 61.1M 63.6M 65.0M 65.0M 65.0M
Diluted Average Shares 61.1M 63.6M 65.0M 65.0M 65.0M
Total Unusual Items -2.1M -9.3M -3.2M -10.9M 349,000
Total Unusual Items Excluding Goodwill -2.1M -9.3M -3.2M -10.9M 349,000
Tax Rate For Calcs 0.27 0.28 0.26 0.26 0.25
Normalized Income 138.9M 156.2M 150.5M 136.4M 103.5M
Diluted NI Availto Com Stockholders 137.3M 149.5M 148.1M 128.3M 103.8M
Gain On Sale Of Ppe -3.4M -3.7M -4.4M -3.8M -919,000
Impairment Of Capital Assets 0.00 1.0M 0.00 -- --
Net Income Continuous Operations 137.2M 151.1M 147.6M 128.2M 106.3M
Net Non Operating Interest Income Expense 14.4M 26.7M 23.5M 5.6M 94,000
Other Gand A 49.9M 48.9M 41.2M 38.8M 31.6M
Other Special Charges -1.9M -- 294,000 3.4M 43,000
Reconciled Cost Of Revenue 783.3M 769.3M 807.3M 849.4M 727.5M
Selling And Marketing Expense 94.3M 98.6M 93.2M 95.4M 83.8M
Total Expenses 950.1M 938.3M 961.9M 1.0B 860.8M
Total Operating Income As Reported 176.7M 187.0M 180.7M 172.3M 142.4M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 375.6M 497.3M 541.9M 398.7M 377.5M
Cash Cash Equivalents And Short Term Investments 375.6M 497.3M 541.9M 398.7M 377.5M
Cash Equivalents 349.4M 485.0M 525.5M 363.2M 358.7M
Cash Financial 26.2M 12.2M 16.4M 35.4M 18.8M
Accounts Receivable 200.5M 201.9M 192.1M 187.5M 165.5M
Receivables 226.0M 228.9M 211.9M 207.6M 187.2M
Inventory 252.4M 250.4M 219.8M 288.1M 187.1M
Prepaid Assets 8.7M 6.7M 8.9M 5.6M 6.7M
Current Assets 863.5M 983.3M 984.0M 900.0M 758.4M
Gross PPE 1.3B 1.3B 1.1B 1.1B 1.0B
Accumulated Depreciation -691.5M -646.4M -600.0M -561.2M -527.1M
Net PPE 657.6M 622.7M 543.4M 518.6M 515.2M
Goodwill 17.4M 17.4M 18.4M 18.4M 18.4M
Goodwill And Other Intangible Assets 29.3M 29.7M 31.8M 33.1M 34.5M
Other Intangible Assets 11.8M 12.3M 13.4M 14.7M 16.0M
Total Non Current Assets 699.5M 663.8M 587.4M 562.5M 563.3M
Total Assets 1.6B 1.6B 1.6B 1.5B 1.3B
Current Debt And Capital Lease Obligation 2.6M 1.9M 2.0M 1.3M 1.3M
Accounts Payable 64.0M 64.0M 48.9M 65.3M 63.8M
Payables 64.1M 70.9M 52.0M 83.7M 64.9M
Payables And Accrued Expenses 64.1M 70.9M 52.0M 83.7M 64.9M
Current Deferred Revenue 466,000 1.7M 1.5M 2.6M 3.5M
Other Current Liabilities 69.0M 190.4M 38.4M 37.1M 27.3M
Current Liabilities 136.1M 264.9M 93.9M 124.7M 97.0M
Long Term Debt And Capital Lease Obligation 13.7M 15.9M 11.8M 11.2M 12.2M
Long Term Capital Lease Obligation 13.7M 15.9M 11.8M 11.2M 12.2M
Total Non Current Liabilities Net Minority Interest 104.1M 98.3M 93.9M 99.0M 108.9M
Total Liabilities Net Minority Interest 240.2M 363.2M 187.8M 223.7M 206.0M
Common Stock 26.3M 27.7M 29.2M 29.2M 29.2M
Capital Stock 26.3M 27.7M 29.2M 29.2M 29.2M
Retained Earnings 1.3B 1.2B 1.3B 1.2B 1.1B
Gains Losses Not Affecting Retained Earnings 494,000 -3.2M 1.4M -972,000 -524,000
Common Stock Equity 1.3B 1.2B 1.4B 1.2B 1.1B
Stockholders Equity 1.3B 1.2B 1.4B 1.2B 1.1B
Total Equity Gross Minority Interest 1.3B 1.3B 1.4B 1.2B 1.1B
Minority Interest 35.1M 35.2M 33.6M 36.0M 36.1M
Total Capitalization 1.3B 1.2B 1.4B 1.2B 1.1B
Net Tangible Assets 1.3B 1.2B 1.3B 1.2B 1.0B
Tangible Book Value 1.3B 1.2B 1.3B 1.2B 1.0B
Working Capital 727.4M 718.4M 890.1M 775.3M 661.4M
Invested Capital 1.3B 1.2B 1.4B 1.2B 1.1B
Total Debt 16.3M 17.8M 13.8M 12.5M 13.5M
Share Issued 59.5M 62.1M 65.0M 65.0M 65.0M
Ordinary Shares Number 59.5M 62.1M 65.0M 65.0M 65.0M
Allowance For Doubtful Accounts Receivable -1.8M -2.2M -2.2M -1.5M -1.0M
Buildings And Improvements 318.1M 276.9M 251.5M 249.3M 239.7M
Capital Lease Obligations 16.3M 17.8M 13.8M 12.5M 13.5M
Construction In Progress 98.0M 110.8M 84.3M 57.6M 42.2M
Current Capital Lease Obligation 2.6M 1.9M 2.0M 1.3M 1.3M
Current Deferred Liabilities 466,000 1.7M 1.5M 2.6M 3.5M
Defined Pension Benefit 12.6M 11.4M 12.2M 10.8M 13.5M
Employee Benefits 2.6M 4.8M 6.4M 8.3M 9.8M
Finished Goods 87.6M 96.9M 76.8M 97.2M 74.8M
Gross Accounts Receivable 202.3M 204.1M 194.2M 189.0M 166.5M
Hedging Assets Current 721,000 0.00 1.5M 0.00 --
Income Tax Payable 48,000 6.9M 3.1M 18.4M 1.1M
Land And Improvements 34.0M 34.0M 26.6M 25.1M 24.5M
Long Term Provisions 850,000 850,000 850,000 850,000 850,000
Machinery Furniture Equipment 14.8M 14.8M 14.8M 15.4M 14.7M
Non Current Deferred Liabilities 86.9M 76.7M 74.8M 78.6M 86.1M
Non Current Deferred Revenue 23.7M 19.7M 18.1M 17.9M 17.7M
Non Current Deferred Taxes Liabilities 63.2M 57.0M 56.8M 60.6M 68.4M
Other Properties 884.3M 832.5M 766.1M 732.4M 721.3M
Other Receivables 16.6M 18.3M 15.3M 16.6M 11.9M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 98.8M 99.2M 103.0M 144.9M 79.8M
Taxes Receivable 8.9M 8.7M 4.6M 3.6M 9.8M
Total Tax Payable 48,000 6.9M 3.1M 18.4M 1.1M
Work In Process 66.0M 54.3M 39.9M 46.0M 32.4M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 186.3M 181.9M 220.8M 77.6M 97.1M
Cash Flow From Continuing Operating Activities 186.3M 181.9M 220.8M 77.6M 97.1M
Depreciation And Amortization 56.8M 54.6M 49.5M 49.4M 47.3M
Depreciation Amortization Depletion 56.8M 54.6M 49.5M 49.4M 47.3M
Deferred Tax 50.5M 58.9M 52.2M 45.9M 35.3M
Deferred Income Tax 50.5M 58.9M 52.2M 45.9M 35.3M
Change In Working Capital -4.6M -23.1M 46.6M -116.4M -68.2M
Change In Receivables 1.9M -10.9M -3.3M -26.2M -42.0M
Change In Inventory -2.0M -30.6M 68.4M -101.1M -51.4M
Change In Payables And Accrued Expense -1.2M 15.9M -13.9M 10.6M 27.1M
Change In Payable -1.2M 15.9M -13.9M 10.6M 27.1M
Change In Other Working Capital -1.3M 269,000 -1.1M -882,000 1.7M
Other Non Cash Items -22.1M -32.7M -26.7M -8.4M -8.5M
Capital Expenditure -85.8M -123.8M -69.0M -49.5M -48.5M
Purchase Of PPE -84.9M -123.3M -68.7M -49.1M -48.3M
Net PPE Purchase And Sale -84.9M -123.3M -68.7M -49.1M -48.3M
Investing Cash Flow -85.8M -123.8M -69.0M -49.5M -48.5M
Cash Flow From Continuing Investing Activities -85.8M -123.8M -69.0M -49.5M -48.5M
Repayment Of Debt -2.0M -1.6M -965,000 -862,000 -807,000
Net Issuance Payments Of Debt -2.0M -1.6M -965,000 -862,000 -807,000
Repurchase Of Capital Stock -80.3M -94.5M 0.00 -- --
Net Common Stock Issuance -80.3M -94.5M 0.00 -- --
Common Stock Dividend Paid -139.8M -6.6M -5.8M -6.0M -165.6M
Common Stock Payments -80.3M -94.5M 0.00 -- --
Financing Cash Flow -222.2M -102.8M -8.6M -6.9M -166.4M
Cash Flow From Continuing Financing Activities -222.2M -102.8M -8.6M -6.9M -166.4M
Changes In Cash -121.6M -44.6M 143.2M 21.2M -117.9M
Beginning Cash Position 497.3M 541.9M 398.7M 377.5M 495.3M
End Cash Position 375.6M 497.3M 541.9M 398.7M 377.5M
Free Cash Flow 100.5M 58.1M 151.8M 28.1M 48.5M
Amortization Cash Flow 1.4M 1.6M 1.6M 1.7M 1.7M
Amortization Of Intangibles 1.4M 1.6M 1.6M 1.7M 1.7M
Asset Impairment Charge 0.00 1.0M 0.00 -- --
Cash Dividends Paid -139.8M -6.6M -5.8M -6.0M -165.6M
Change In Account Payable -1.2M 15.9M -13.9M 10.6M 27.1M
Change In Prepaid Assets -2.0M 2.2M -3.3M 1.1M -3.6M
Depreciation 55.4M 53.0M 47.9M 47.7M 45.6M
Interest Paid Cfo -4.1M -4.2M -4.9M -4.3M -1.4M
Interest Received Cfo 14.4M 26.6M 23.9M 5.8M 791,000
Long Term Debt Payments -2.0M -1.6M -965,000 -862,000 -807,000
Net Income From Continuing Operations 137.2M 151.1M 147.6M 128.2M 106.3M
Net Intangibles Purchase And Sale -939,000 -462,000 -360,000 -336,000 -245,000
Net Long Term Debt Issuance -2.0M -1.6M -965,000 -862,000 -807,000
Net Other Financing Charges -- -- -1.9M -- --
Operating Gains Losses 2.5M 2.8M 3.0M 4.2M 4.5M
Pension And Employee Benefit Expense 2.5M 2.8M 3.0M 4.2M 4.5M
Purchase Of Intangibles -939,000 -462,000 -360,000 -336,000 -245,000
Taxes Refund Paid -44.3M -53.0M -70.5M -26.8M -19.1M
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