Income Statement Condor Energies Inc.

Stocks

CDR

CA20676A1084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 16:00:00 2026-10-01 EDT			5-day change	1st Jan Change
4.150 ^CAD	-5.68%		-1.19%	+113.92%

09-30	Condor Energies Launches CA$65 Million Offering, Private Placement	MT
09-17	Condor Energies Inc Provides Operational Update On Uzbekistan Project And Reports Kumli-48 Horizontal Well Test Flows Up To 19.5 MMscf Per Day	CI

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Published financial data: CONDOR ENERGIES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	768K	3.12M	552K	54.32M	69.54M
Total Revenues	768K	3.12M	552K	54.32M	69.54M
Cost of Goods Sold, Total	729K	750K	821K	26.29M	35.19M
Gross Profit	39K	2.37M	-269K	28.03M	34.35M
Selling General & Admin Expenses, Total	5.27M	5.3M	5.05M	11.7M	12.62M
Exploration / Drilling Costs, Total	2.61M	-	-	-	-
Stock-Based Compensation (IS)	194K	281K	732K	695K	1.53M
Depreciation & Amortization - (IS)	904K	902K	1.57M	5.77M	13.92M
Impairment of Oil, Gas & Mineral Properties - (IS)	2.46M	-	4.5M	-	-
Other Operating Expenses	172K	182K	54K	464K	627K
Other Operating Expenses, Total	11.62M	6.67M	11.91M	18.63M	28.7M
Operating Income	-11.58M	-4.3M	-12.18M	9.4M	5.65M
Interest Expense, Total	-	-	-708K	-2.49M	-3.56M
Interest And Investment Income	37K	32K	188K	180K	428K
Net Interest Expenses	37K	32K	-520K	-2.31M	-3.14M
Currency Exchange Gains (Loss)	147K	240K	151K	-1.21M	965K
Other Non Operating Income (Expenses)	67K	745K	956K	612K	-63K
EBT, Excl. Unusual Items	-11.33M	-3.28M	-11.59M	6.49M	3.41M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	219K	199K	-	8K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-11.33M	-3.06M	-11.39M	6.49M	3.42M
Income Tax Expense	-	-	-	3M	2.19M
Earnings From Continuing Operations	-11.33M	-3.06M	-11.39M	3.49M	1.23M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-11.33M	-3.06M	-11.39M	3.49M	1.23M
Minority Interest	-	-	-	-7.56M	-5.44M
Net Income - (IS)	-11.33M	-3.06M	-11.39M	-4.07M	-4.21M
Net Income to Common Incl Extra Items	-11.33M	-3.06M	-11.39M	-4.07M	-4.21M
Net Income to Common Excl. Extra Items	-11.33M	-3.06M	-11.39M	-4.07M	-4.21M
Per Share Items
Net EPS - Basic	-0.26	-0.07	-0.2	-0.07	-0.06
Basic EPS - Continuing Operations	-0.26	-0.07	-0.2	-0.07	-0.06
Basic Weighted Average Shares Outstanding	44.23M	45.74M	56.29M	57.55M	67.8M
Net EPS - Diluted	-0.26	-0.07	-0.2	-0.07	-0.06
Diluted EPS - Continuing Operations	-0.26	-0.07	-0.2	-0.07	-0.06
Diluted Weighted Average Shares Outstanding	44.23M	45.74M	56.29M	57.55M	67.8M
Normalized Basic EPS	-0.16	-0.04	-0.13	-0.06	-0.05
Normalized Diluted EPS	-0.16	-0.04	-0.13	-0.06	-0.05
Supplemental Items
EBITDA	-8.04M	-3.22M	-6.1M	15.17M	19.57M
EBITA	-11.41M	-4.12M	-12.18M	9.4M	5.65M
EBIT	-11.58M	-4.3M	-12.18M	9.4M	5.65M
Total Revenues (As Reported)	768K	3.12M	552K	54.32M	69.54M
Effective Tax Rate - (Ratio)	-	-	-	46.19	63.99
Current Foreign Taxes	-	-	-	3.23M	3.15M
Total Current Taxes	-	-	-	3.23M	3.15M
Deferred Foreign Taxes	-	-	-	-229K	-961K
Total Deferred Taxes	-	-	-	-229K	-961K
Normalized Net Income	-7.08M	-2.05M	-7.24M	-3.51M	-3.31M
Interest on Long-Term Debt	-	-	17K	30K	86K
Supplemental Operating Expense Items
Selling and Marketing Expenses	281K	62K	19K	2.37M	2.64M
General and Administrative Expenses	4.99M	5.24M	5.03M	9.32M	9.98M
Exploration/Drilling Costs	2.61M	-	-	-	-
Stock-Based Comp., Other (Total)	194K	281K	732K	695K	1.53M
Total Stock-Based Compensation	194K	281K	732K	695K	1.53M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	4.62M	3.75M	5.04M	27.84M	18.52M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	4.62M	3.75M	5.04M	27.84M	18.52M
Accounts Receivable, Total	119K	353K	21K	17.62M	16.05M
Other Receivables	119K	27K	69K	412K	1.31M
Total Receivables	238K	380K	90K	18.03M	17.36M
Inventory	69K	84K	59K	624K	556K
Prepaid Expenses	218K	189K	387K	1.21M	786K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	5.15M	4.4M	5.58M	47.7M	37.22M
Gross Property Plant And Equipment	17.19M	19.09M	15.06M	35.95M	88.74M
Accumulated Depreciation	-14.35M	-13.84M	-14.14M	-17.55M	-28.96M
Net Property Plant And Equipment	2.84M	5.24M	921K	18.4M	59.78M
Deferred Tax Assets Long-Term	-	-	-	229K	1.15M
Other Long-Term Assets, Total	712K	417K	269K	279K	268K
Total Assets	8.7M	10.06M	6.77M	66.61M	98.42M
Liabilities
Accounts Payable, Total	1.7M	1.63M	680K	9.84M	21.28M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	-	-	-	-	6.04M
Current Portion of Long-Term Debt	-	-	607K	9.96M	12.64M
Current Portion of Leases	-	93K	42K	205K	268K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	409K	295K	635K	1.71M	1.12M
Total Current Liabilities	2.11M	2.01M	1.96M	21.73M	41.35M
Long-Term Debt	-	-	5.42M	4.78M	11.48M
Long-Term Leases	-	99K	88K	422K	260K
Other Non Current Liabilities	1.57M	1.65M	1.83M	18.62M	23.52M
Total Liabilities	3.68M	3.76M	9.3M	45.55M	76.6M
Common Stock, Total	273M	277M	277M	75.65M	76.55M
Additional Paid In Capital	21.35M	21.69M	24.55M	25.3M	26.62M
Retained Earnings	-205M	-208M	-219M	-3.89M	-8.1M
Comprehensive Income and Other	-84.58M	-83.93M	-84.41M	-83.72M	-83.21M
Total Common Equity	5.02M	6.3M	-2.53M	13.33M	11.86M
Minority Interest	-	-	-	7.73M	9.95M
Total Equity	5.02M	6.3M	-2.53M	21.06M	21.81M
Total Liabilities And Equity	8.7M	10.06M	6.77M	66.61M	98.42M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	45.2M	56.16M	56.6M	67.47M	68.38M
ECS Total Common Shares Outstanding	45.2M	56.16M	56.49M	67.46M	68.38M
Book Value / Share	0.11	0.11	-0.04	0.2	0.17
Tangible Book Value	5.02M	6.3M	-2.53M	13.33M	11.86M
Tangible Book Value Per Share	0.11	0.11	-0.04	0.2	0.17
Total Debt	0	192K	6.15M	15.37M	30.68M
Net Debt	-4.62M	-3.56M	1.11M	-12.47M	12.17M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	7.73M	9.95M
Account Code - Inventory Valuation	6	6	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	69K	84K	59K	624K	-
Machinery, Total	1.72M	1.8M	1.65M	2.4M	2.58M
Full Time Employees	28	30	30	194	230

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-11.33M	-3.06M	-11.39M	-4.07M	-4.21M
Depreciation & Amortization - CF	904K	902K	1.57M	5.77M	13.92M
Amortization of Goodwill and Intangible Assets - (CF)	172K	182K	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	2.46M	-	4.5M	-	-
Depreciation & Amortization, Total	3.54M	1.08M	6.07M	5.77M	13.92M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-219K	-199K	-	-8K
Stock-Based Compensation (CF)	194K	281K	732K	695K	1.53M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	2.41M	-662K	-430K	14.01M	6.67M
Change in Other Net Operating Assets	-917K	-591K	-137K	-11.05M	4.41M
Cash from Operations	-6.1M	-3.17M	-5.35M	5.36M	22.32M
Capital Expenditure	-4.3M	-1.71M	-499K	-8.37M	-53.52M
Sale of Property, Plant, and Equipment	-	222K	231K	-	18K
Other Investing Activities, Total	2.29M	285K	-812K	1.02M	8.07M
Cash from Investing	-2M	-1.21M	-1.08M	-7.35M	-45.43M
Short Term Debt Issued, Total	-	-	-	-	5.96M
Long-Term Debt Issued, Total	-	-	7.78M	6.46M	13.65M
Total Debt Issued	-	-	7.78M	6.46M	19.61M
Long-Term Debt Repaid, Total	-1K	-	-105K	-575K	-2.3M
Total Debt Repaid	-1K	-	-105K	-575K	-2.3M
Issuance of Common Stock	357K	3.73M	124K	19.62M	557K
Other Financing Activities, Total	-	-321K	-82K	-1.4M	-3.56M
Cash from Financing	356K	3.41M	7.72M	24.11M	14.31M
Foreign Exchange Rate Adjustments	63K	98K	9K	680K	-525K
Net Change in Cash	-7.68M	-872K	1.29M	22.8M	-9.32M
Supplemental Items
Cash Interest Paid	-	-	200K	1M	1.2M
Cash Income Tax Paid (Refund)	-	-	-	3.2M	2.9M
Levered Free Cash Flow	-6.9M	-3.35M	-2.24M	-6.67M	-24.76M
Unlevered Free Cash Flow	-6.9M	-3.35M	-1.79M	-5.11M	-22.53M
Change In Net Working Capital	-903K	317K	489K	9.08M	-12M
Net Debt Issued / Repaid	-1K	-	7.67M	5.89M	17.32M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-47.92	-28.65	-90.44	16.02	4.28
Return on Total Capital	-65.36	-46.69	-150.58	29.34	7.94
Return On Equity %	-102.37	-54.13	-605.31	37.71	5.75
Return on Common Equity	-102.37	-54.13	-605.31	-75.41	-33.44
Margin Analysis
Gross Profit Margin %	5.08	75.95	-48.73	51.6	49.4
SG&A Margin	686.72	170.05	914.86	21.53	18.15
EBITDA Margin %	-1.05K	-103.11	-1.11K	27.93	28.15
EBITA Margin %	-1.49K	-132.03	-2.21K	17.31	8.12
EBIT Margin %	-1.51K	-137.86	-2.21K	17.31	8.12
Income From Continuing Operations Margin %	-1.47K	-98.24	-2.06K	6.43	1.77
Net Income Margin %	-1.47K	-98.24	-2.06K	-7.5	-6.06
Net Avail. For Common Margin %	-1.47K	-98.24	-2.06K	-7.5	-6.06
Normalized Net Income Margin	-921.79	-65.79	-1.31K	-6.46	-4.76
Levered Free Cash Flow Margin	-898.34	-107.49	-405.21	-12.28	-35.61
Unlevered Free Cash Flow Margin	-898.34	-107.49	-325.05	-9.41	-32.4
Asset Turnover
Asset Turnover	0.05	0.33	0.07	1.48	0.84
Fixed Assets Turnover	0.2	0.77	0.18	5.62	1.78
Receivables Turnover (Average Receivables)	3.87	13.22	2.95	6.16	4.13
Inventory Turnover (Average Inventory)	6.26	9.8	11.48	77	59.64
Short Term Liquidity
Current Ratio	2.44	2.19	2.84	2.2	0.9
Quick Ratio	2.3	2.05	2.61	2.11	0.87
Operating Cash Flow to Current Liabilities	-2.89	-1.57	-2.73	0.25	0.54
Days Sales Outstanding (Average Receivables)	94.34	27.62	123.65	59.42	88.35
Days Outstanding Inventory (Average Inventory)	58.33	37.23	31.79	4.75	6.12
Average Days Payable Outstanding	966.62	793.7	528.7	71.7	161.73
Cash Conversion Cycle (Average Days)	-813.95	-728.85	-373.26	-7.53	-67.27
Long Term Solvency
Total Debt/Equity	-	3.05	-242.91	72.97	140.67
Total Debt / Total Capital	-	2.96	169.97	42.19	58.45
LT Debt/Equity	-	1.57	-217.29	24.69	53.8
Long-Term Debt / Total Capital	-	1.53	152.04	14.27	22.36
Total Liabilities / Total Assets	42.27	37.42	137.42	68.38	77.84
EBIT / Interest Expense	-	-	-17.2	3.77	1.58
EBITDA / Interest Expense	-	-	-8.62	6.08	5.49
(EBITDA - Capex) / Interest Expense	-	-	-9.33	2.73	-9.52
Total Debt / EBITDA	-	-0.06	-1.01	1.01	1.57
Net Debt / EBITDA	0.57	1.11	-0.18	-0.82	0.62
Total Debt / (EBITDA - Capex)	-	-0.04	-0.93	2.26	-0.9
Net Debt / (EBITDA - Capex)	0.37	0.72	-0.17	-1.83	-0.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-68.38	306.12	-82.3	9.74K	21.13
Gross Profit, 1 Yr. Growth %	-96.81	5.97K	-111.36	-10.52K	10.4
EBITDA, 1 Yr. Growth %	21.65	-60	79.66	-348.55	7.19
EBITA, 1 Yr. Growth %	-21.03	-63.9	183.21	-177.2	-54.77
EBIT, 1 Yr. Growth %	-21.04	-62.86	183.21	-177.2	-54.77
Earnings From Cont. Operations, 1 Yr. Growth %	-24.16	-72.95	271.8	-130.66	-64.73
Net Income, 1 Yr. Growth %	452.27	-72.95	271.8	-64.26	3.44
Normalized Net Income, 1 Yr. Growth %	-24.16	-71.02	253.06	-51.57	-5.62
Diluted EPS Before Extra, 1 Yr. Growth %	-24.28	-73.84	202.1	-65.04	-12.2
Accounts Receivable, 1 Yr. Growth %	-57.19	196.64	-94.05	83.79K	-8.92
Inventory, 1 Yr. Growth %	-57.93	21.74	-29.76	957.63	-10.9
Net Property, Plant and Equip., 1 Yr. Growth %	-41.76	84.48	-82.43	1.9K	224.99
Total Assets, 1 Yr. Growth %	-59.54	15.64	-32.73	884	47.76
Tangible Book Value, 1 Yr. Growth %	-70.64	25.36	-140.23	-626.37	-11.03
Common Equity, 1 Yr. Growth %	-70.64	25.36	-140.23	-626.37	-11.03
Cash From Operations, 1 Yr. Growth %	-4.61	-48.02	68.81	-200.07	316.61
Capital Expenditures, 1 Yr. Growth %	800.84	-60.14	-70.87	1.58K	539.14
Levered Free Cash Flow, 1 Yr. Growth %	-170.85	-51.41	-36.76	198.3	421.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-170.62	-51.41	-49.24	184.99	607.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-58.79	13.32	-15.22	317.33	1.02K
Gross Profit, 2 Yr. CAGR %	-89.12	39.23	162.63	243.97	1.03K
EBITDA, 2 Yr. CAGR %	35.82	-30.25	-12.87	111.32	79.05
EBITA, 2 Yr. CAGR %	1.06	-46.61	3.33	47.86	-31.9
EBIT, 2 Yr. CAGR %	0.57	-45.85	2.56	47.86	-31.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.63	-54.71	0.29	6.77	-67.11
Net Income, 2 Yr. CAGR %	5.9	22.23	0.29	15.28	-39.19
Normalized Net Income, 2 Yr. CAGR %	-9.17	-53.12	1.16	30.76	-32.4
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.7	-55.49	-11.1	2.78	-44.59
Accounts Receivable, 2 Yr. CAGR %	-40.31	12.68	-57.99	606.45	2.66K
Inventory, 2 Yr. CAGR %	-55.08	-28.43	-7.53	172.55	206.98
Net Property, Plant and Equip., 2 Yr. CAGR %	-56.53	3.65	-43.06	87.35	705.69
Total Assets, 2 Yr. CAGR %	-56.26	-31.59	-11.8	157.29	281.31
Tangible Book Value, 2 Yr. CAGR %	-53.01	-39.33	-28.99	45.51	116.4
Common Equity, 2 Yr. CAGR %	-53.01	-39.33	-28.99	45.51	116.4
Cash From Operations, 2 Yr. CAGR %	70.72	-29.58	-6.32	29.98	104.19
Capital Expenditures, 2 Yr. CAGR %	431.69	89.5	-65.92	121.1	935.66
Levered Free Cash Flow, 2 Yr. CAGR %	-28.72	-41.33	-43.06	37.35	232.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.13	-41.42	-49	20.28	254.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-57.87	-11.65	-38.98	313.56	181.45
Gross Profit, 3 Yr. CAGR %	-83.56	-10.43	-39.62	795.74	143.85
EBITDA, 3 Yr. CAGR %	66.09	-9.64	-2.61	23.57	79.25
EBITA, 3 Yr. CAGR %	21.78	-28.29	-5.53	-6.24	9.52
EBIT, 3 Yr. CAGR %	20.95	-27.84	-6	-6.71	9.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.96	-39.55	-8.63	-32.44	-26.19
Net Income, 3 Yr. CAGR %	-6.97	-32.81	77.1	-28.9	11.19
Normalized Net Income, 3 Yr. CAGR %	-0.86	-37.93	-8.1	-20.87	17.29
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.48	-40.25	-15.73	-34.87	-2.48
Accounts Receivable, 3 Yr. CAGR %	-47.93	1.86	-57.73	429.01	256.89
Inventory, 3 Yr. CAGR %	-49.91	-37.37	-28.88	108.34	87.76
Net Property, Plant and Equip., 3 Yr. CAGR %	-59.7	-29.62	-42.63	86.39	125.11
Total Assets, 3 Yr. CAGR %	-46.06	-39.52	-31.97	97.08	113.86
Tangible Book Value, 3 Yr. CAGR %	-47.59	-34.83	-47.1	38.46	23.5
Common Equity, 3 Yr. CAGR %	-47.59	-34.83	-47.1	38.46	23.5
Cash From Operations, 3 Yr. CAGR %	-6.54	14.85	-5.76	-4.24	91.64
Capital Expenditures, 3 Yr. CAGR %	28.95	124.2	1.51	24.91	214.96
Levered Free Cash Flow, 3 Yr. CAGR %	8.13	-37.27	-38.76	-1.11	91.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.33	-36.34	-43.16	-9.5	85.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-12.9	-10.67	-44.27	64.41	95.6
Gross Profit, 5 Yr. CAGR %	-47.64	-8.94	-50.19	53.43	94.88
EBITDA, 5 Yr. CAGR %	-3.36	-14.03	28.32	28.33	24.25
EBITA, 5 Yr. CAGR %	1.61	-42.64	14.04	-3.39	-17.12
EBIT, 5 Yr. CAGR %	1.47	-42.19	13.23	-3.86	-17.37
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.97	-45.99	-0.46	-24.1	-39.29
Net Income, 5 Yr. CAGR %	-0.97	-45.99	-4.13	-16.61	15.48
Normalized Net Income, 5 Yr. CAGR %	-1.45	-45.77	-0.06	-16.38	-18.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.33	-46.59	-5.45	-25.77	-28.74
Accounts Receivable, 5 Yr. CAGR %	-35.44	-18.4	-52.22	121.02	125.04
Inventory, 5 Yr. CAGR %	-34.52	-26.02	-35.99	12.78	27.66
Net Property, Plant and Equip., 5 Yr. CAGR %	-51.29	-38.1	-53.73	4.12	65.07
Total Assets, 5 Yr. CAGR %	-42.46	-33.54	-34.34	7.93	35.56
Tangible Book Value, 5 Yr. CAGR %	-47.48	-35.21	-40.82	-10.14	-7.06
Common Equity, 5 Yr. CAGR %	-47.48	-35.21	-40.82	-10.14	-7.06
Cash From Operations, 5 Yr. CAGR %	-7.87	-17.26	-6.45	20.68	28.4
Capital Expenditures, 5 Yr. CAGR %	-23.76	-38.37	-24.27	122.96	157.04
Levered Free Cash Flow, 5 Yr. CAGR %	-20.53	-10.08	-16.34	-13.25	20.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.53	-6.73	-22.1	-17.01	18.19