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Zentek Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 65,280 6,204 57,797 813,596 37,718 15,692 --
Operating Revenue 65,280 6,204 57,797 813,596 37,718 15,692 --
Cost Of Revenue 90,188 3,225 30,601 267,504 155,464 217,732 --
Gross Profit -24,908 2,979 27,196 546,092 -117,746 -202,040 --
Selling General And Administration 1.7M 1.8M 1.3M 2.1M 2.0M 1.7M --
General And Administrative Expense 1.7M 1.8M 1.3M 2.1M 1.9M 1.6M --
Research And Development 744,623 267,909 140,794 203,304 165,605 128,165 --
Depreciation And Amortization In Income Statement 130,124 135,090 134,335 139,554 153,804 154,101 --
Other Operating Expenses -267,861 79,752 197,466 433,791 190,252 166,167 --
Operating Expense 2.4M 2.3M 1.8M 2.9M 2.5M 2.1M --
Operating Income -2.4M -2.3M -1.8M -2.1M -2.6M -2.3M --
EBIT -2.4M -2.3M -1.3M -2.0M -2.6M -2.8M --
Interest Expense 66,183 64,355 61,144 -181,419 22,709 223,652 --
Interest Expense Non Operating 66,183 64,355 61,144 -181,419 22,709 223,652 --
Interest Income 6,820 14,501 11,914 3,557 24,803 32,640 --
Interest Income Non Operating 6,820 14,501 11,914 3,557 24,803 32,640 --
Net Interest Income -70,974 -52,607 -50,086 183,228 852.00 -191,605 --
Other Income Expense -31,008 -13,833 490,386 76,832 -1,399 -520,131 --
Other Non Operating Income Expenses 38,517 -380.00 1,557 91,376 -1,399 -520,131 --
Special Income Charges -69,525 -13,453 -- -14,544 0.00 0.00 --
Gain On Sale Of Security -- -- 488,829 -- -- -- --
Pretax Income -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Tax Provision -- -- -- 0.00 0.00 -- --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Income From Continuing Operation Net Minority Interest -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Income Including Noncontrolling Interests -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Income Common Stockholders -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Income -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
EBITDA -2.3M -2.2M -1.2M -1.9M -2.4M -2.7M --
Normalized EBITDA -2.2M -2.2M -1.7M -1.9M -2.4M -2.7M --
Reconciled Depreciation 130,124 135,090 134,335 139,554 153,804 154,101 --
Basic EPS -0.02 -0.02 -0.01 -- -0.02 -0.03 -0.03
Diluted EPS -0.02 -0.02 -0.01 -- -0.02 -0.03 -0.03
Basic Average Shares 106.8M 104.7M 104.6M -- 104.1M 102.7M 100.9M
Diluted Average Shares 106.8M 104.7M 104.6M -- 104.1M 102.7M 100.9M
Total Unusual Items -69,525 -13,453 488,829 -14,544 0.00 0.00 --
Total Unusual Items Excluding Goodwill -69,525 -13,453 488,829 -14,544 0.00 0.00 --
Tax Rate For Calcs 0.00 0.00 0.00 0.00 0.00 0.00 --
Normalized Income -2.4M -2.4M -1.9M -1.8M -2.6M -3.0M --
Depreciation Amortization Depletion Income Statement 130,124 135,090 134,335 139,554 153,804 154,101 --
Depreciation Income Statement -- -- -- 139,554 153,804 -- --
Diluted NI Availto Com Stockholders -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Gain On Sale Of Ppe -69,525 -13,453 -- -14,544 0.00 0.00 --
Insurance And Claims 77,397 78,918 77,682 76,884 80,862 96,559 --
Net Income Continuous Operations -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Non Operating Interest Income Expense -70,974 -52,607 -50,086 183,228 852.00 -191,605 --
Other Gand A 336,342 472,446 320,713 937,342 710,491 364,328 --
Other Taxes 9,215 7,939 9,239 8,799 8,447 8,424 --
Reconciled Cost Of Revenue 90,188 3,225 30,601 267,504 155,464 217,732 --
Rent And Landing Fees 98,310 95,164 85,786 77,100 85,573 74,523 --
Rent Expense Supplemental 98,310 95,164 85,786 77,100 85,573 74,523 --
Salaries And Wages 1.2M 1.1M 845,327 1.0M 1.0M 1.1M --
Selling And Marketing Expense 49,689 86,958 18,502 19,653 42,517 33,705 --
Total Expenses 2.5M 2.3M 1.9M 2.9M 2.6M 2.3M --
Total Other Finance Cost 11,611 2,753 856.00 1,748 1,242 593.00 --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 1.8M 1.3M 2.9M 121,481 1.5M 2.9M --
Cash Cash Equivalents And Short Term Investments 1.8M 1.3M 2.9M 121,481 1.5M 2.9M --
Cash Equivalents -- 1.0M 2.0M 0.00 1.0M 2.0M --
Cash Financial -- 334,600 888,843 121,481 484,730 935,172 --
Accounts Receivable 75,689 92,288 134,973 853,928 0.00 0.00 --
Receivables 445,287 226,220 394,429 1.2M 253,494 779,412 --
Inventory 838,428 888,983 892,324 887,509 904,293 1.1M --
Prepaid Assets 234,781 298,301 359,102 278,051 268,908 250,248 --
Current Assets 3.3M 2.7M 4.5M 4.4M 4.8M 5.0M --
Gross PPE 12.8M 12.8M 12.7M 15.1M 12.8M 14.8M --
Accumulated Depreciation -- -- -- -2.3M -- -- --
Net PPE 12.8M 12.8M 12.7M 12.7M 12.8M 14.8M --
Other Non Current Assets 1.3M 1.3M 1.3M 1.3M 1.4M 1.4M --
Total Non Current Assets 14.1M 14.1M 13.9M 14.0M 14.2M 16.2M --
Total Assets 17.4M 16.9M 18.5M 18.4M 19.0M 21.3M --
Current Debt -- -- -- 346,747 386,117 511,535 504,861
Current Debt And Capital Lease Obligation 189,588 183,573 177,687 518,737 552,709 672,843 --
Accounts Payable 1.8M 1.5M 1.5M 2.0M 487,440 493,880 --
Payables 2.3M 2.0M 1.9M 2.5M 1.0M 1.0M --
Payables And Accrued Expenses 3.1M 3.1M 2.4M 3.0M 2.1M 1.8M --
Current Accrued Expenses 889,870 1.2M 495,289 439,346 1.1M 749,253 --
Current Deferred Revenue -- 162,935 200,000 -- -- -- --
Current Liabilities 3.3M 3.5M 2.8M 3.5M 2.6M 2.4M --
Long Term Debt 1.7M 1.6M 1.6M -- -- -- 130,538
Long Term Debt And Capital Lease Obligation 1.7M 1.7M 1.7M 161,737 206,926 250,631 --
Long Term Capital Lease Obligation 17,338 67,058 115,172 161,737 206,926 250,631 --
Total Non Current Liabilities Net Minority Interest 1.7M 1.7M 1.7M 161,737 206,926 250,631 --
Total Liabilities Net Minority Interest 5.0M 5.2M 4.5M 3.6M 2.8M 2.7M --
Common Stock 91.9M 89.8M 89.6M 89.5M 89.2M 89.2M --
Capital Stock 91.9M 89.8M 89.6M 89.5M 89.2M 89.2M --
Retained Earnings -87.7M -87.2M -84.8M -83.9M -82.5M -81.0M --
Common Stock Equity 12.3M 11.7M 14.0M 14.7M 16.2M 18.6M --
Stockholders Equity 12.3M 11.7M 14.0M 14.7M 16.2M 18.6M --
Total Equity Gross Minority Interest 12.3M 11.7M 14.0M 14.7M 16.2M 18.6M --
Total Capitalization 14.0M 13.3M 15.6M 14.7M 16.2M 18.6M --
Net Tangible Assets 12.3M 11.7M 14.0M 14.7M 16.2M 18.6M --
Tangible Book Value 12.3M 11.7M 14.0M 14.7M 16.2M 18.6M --
Working Capital -12,013 -730,859 1.7M 882,892 2.2M 2.6M --
Invested Capital 14.0M 13.3M 15.6M 15.1M 16.6M 19.1M --
Total Debt 1.9M 1.9M 1.9M 680,474 759,635 923,474 --
Net Debt -- 303,170 -- 225,266 -- -- --
Share Issued 107.4M 104.8M 104.7M 104.4M 104.1M 104.1M --
Ordinary Shares Number 107.4M 104.8M 104.7M 104.4M 104.1M 104.1M --
Accrued Interest Receivable 0.00 10,749 6,627 62.00 17,861 15,420 --
Assets Held For Sale Current 0.00 0.00 0.00 1.9M 1.9M -- --
Capital Lease Obligations 206,926 250,631 292,859 333,727 373,518 411,939 --
Construction In Progress -- -- -- 52,709 -- -- --
Current Capital Lease Obligation 189,588 183,573 177,687 171,990 166,592 161,308 --
Current Deferred Liabilities -- 162,935 200,000 -- -- -- --
Gross Accounts Receivable 75,689 92,288 134,973 853,928 -- -- --
Income Tax Payable 397,382 398,427 401,557 427,000 429,000 427,000 --
Interest Payable -- -- -- -- 198,000 200,000 --
Land And Improvements -- -- -- 186,886 -- -- --
Leases -- -- -- 354,705 -- -- --
Loans Receivable -- -- -- 0.00 0.00 531,479 531,417
Machinery Furniture Equipment -- -- -- 6.1M -- -- --
Other Current Borrowings -- -- -- 346,747 386,117 511,535 504,861
Other Equity Interest 8.2M 9.2M 9.2M 9.1M 9.5M 10.3M --
Other Properties 12.8M 12.8M 12.7M 8.4M 12.8M 14.8M --
Other Receivables 169,832 1,081 -- 3,333 28,463 40,744 21,042
Properties -- -- -- 0.00 -- -- --
Taxes Receivable 199,766 122,102 252,829 345,422 207,170 191,769 --
Total Tax Payable 408,207 431,734 434,864 520,000 522,000 520,000 --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow -2.0M -1.2M -1.2M -1.3M -1.8M -1.8M --
Cash Flow From Continuing Operating Activities -2.0M -1.2M -1.2M -1.3M -1.8M -1.8M --
Depreciation And Amortization 130,124 135,090 134,335 139,554 153,804 154,101 --
Depreciation Amortization Depletion 130,124 135,090 134,335 139,554 153,804 154,101 --
Stock Based Compensation 530,582 69,303 121,562 279,680 258,017 274,015 --
Change In Working Capital -154,298 909,901 381,026 290,223 301,653 600,339 --
Change In Receivables -219,067 168,209 808,316 -949,251 -5,561 -3,306 --
Change In Inventory 154,543 3,341 2,185 326,355 20,375 15,801 --
Change In Payables And Accrued Expense 9,641 714,615 -548,424 922,262 305,499 278,246 --
Change In Other Working Capital -- -37,065 200,000 -- -- -- --
Other Non Cash Items 56,444 54,564 46,534 -- -- -62.00 20.00
Capital Expenditure -151,000 -323,235 -53,242 -89,398 -32,062 -30,021 --
Purchase Of PPE -- -- -- -1.00 -1,397 0.00 0.00
Net PPE Purchase And Sale -2,020 0.00 2.4M -1.00 -1,397 0.00 --
Investing Cash Flow -151,000 -323,235 2.3M -89,398 499,375 -30,021 --
Cash Flow From Continuing Investing Activities -151,000 -323,235 2.3M -89,398 499,375 -30,021 --
Issuance Of Debt 0.00 0.00 2.0M -- 0.00 0.00 0.00
Repayment Of Debt -43,705 -42,227 -387,615 -79,161 -163,839 -160,919 --
Net Issuance Payments Of Debt -43,705 -42,227 1.6M -79,161 -163,839 -160,919 --
Issuance Of Capital Stock 2.7M -- -- 0.00 3.1M -- --
Repurchase Of Capital Stock 0.00 0.00 0.00 -- -52,237 0.00 -90,629
Net Common Stock Issuance 2.7M 20,098 0.00 142,866 3.0M 0.00 --
Common Stock Payments 0.00 0.00 0.00 -- -52,237 0.00 -90,629
Financing Cash Flow 2.6M -22,129 1.6M 8,709 -196,076 2.9M --
Cash Flow From Continuing Financing Activities 2.6M -22,129 1.6M 8,709 -196,076 2.9M --
Changes In Cash 466,575 -1.6M 2.8M -1.4M -1.5M 1.0M --
Beginning Cash Position 1.3M 2.9M 121,481 1.5M 2.9M 1.9M --
End Cash Position 1.8M 1.3M 2.9M 121,481 1.5M 2.9M --
Free Cash Flow -2.1M -1.5M -1.2M -1.4M -1.8M -1.9M --
Capital Expenditure Reported -148,980 -323,235 -53,242 -89,397 -30,665 -30,021 --
Change In Prepaid Assets 63,520 60,801 -81,051 -9,143 -18,660 309,598 --
Common Stock Issuance 2.7M -- -- 0.00 3.1M -- --
Depreciation 130,124 135,090 134,335 -- 153,804 154,101 152,863
Gain Loss On Sale Of PPE 69,525 13,453 -488,829 14,544 0.00 0.00 --
Long Term Debt Issuance 0.00 0.00 2.0M -- 0.00 0.00 0.00
Long Term Debt Payments -43,705 -42,227 -387,615 -79,161 -163,839 -160,919 --
Net Income From Continuing Operations -2.5M -2.4M -1.4M -1.8M -2.6M -3.0M --
Net Long Term Debt Issuance -43,705 -42,227 1.6M -79,161 -163,839 -160,919 --
Net Other Financing Charges -- -- -- -167,496 -3.1M 41,635 -90,629
Net Other Investing Changes -- -- -- 0.00 531,437 0.00 11,826
Operating Gains Losses 69,525 13,453 -488,829 -- -- -- --
Proceeds From Stock Option Exercised 0.00 0.00 40,000 112,500 20,000 0.00 --
Provisionand Write Offof Assets -95,000 0.00 -7,000 -166,890 134,512 188,700 --
Sale Of PPE 0.00 0.00 2.4M -- 0.00 0.00 0.00
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