Income Statement GLG Life Tech Corporation Toronto S.E.

Stocks

GLG.H

CA3617932015

Food Processing

End-of-day quote Toronto S.E. 2024-07-15			5-day change	1st Jan Change
0.0500 ^CAD	-.--%		-.--%	-

09-01	GLG Life Tech Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-23	GLG Life Tech Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: GLG LIFE TECH CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	10.88M	10.92M	10.32M	14.56M	10.27M
Total Revenues	10.88M	10.92M	10.32M	14.56M	10.27M
Cost of Goods Sold, Total	8.07M	7.41M	6.08M	12.01M	8.81M
Gross Profit	2.8M	3.51M	4.24M	2.55M	1.46M
Selling General & Admin Expenses, Total	4M	3.67M	3.28M	1.37M	1.18M
Provision for Bad Debts	-1.36K	1.24K	-729	-	22.75K
Other Operating Expenses, Total	4M	3.67M	3.28M	1.37M	1.2M
Operating Income	-1.2M	-164K	954K	1.17M	255K
Interest Expense, Total	-21.45M	-32.15M	-11.13M	-11.22M	-10.49M
Interest And Investment Income	242	14.03K	11	4.84K	3.17K
Net Interest Expenses	-21.45M	-32.14M	-11.13M	-11.22M	-10.49M
Currency Exchange Gains (Loss)	-831K	-869K	2.95M	-6.55M	2.75M
Other Non Operating Income (Expenses)	-394K	-139K	-299K	-	-530
EBT, Excl. Unusual Items	-23.87M	-33.31M	-7.53M	-16.59M	-7.48M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-5.59M	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-23.87M	-33.31M	-13.11M	-16.59M	-7.48M
Earnings From Continuing Operations	-23.87M	-33.31M	-13.11M	-16.59M	-7.48M
Earnings Of Discontinued Operations	-	-	7.51M	83.72M	19.49M
Net Income to Company	-23.87M	-33.31M	-5.61M	67.13M	12.01M
Minority Interest	166K	258K	-18.57K	-963K	10.6K
Net Income - (IS)	-23.7M	-33.05M	-5.63M	66.17M	12.02M
Net Income to Common Incl Extra Items	-23.7M	-33.05M	-5.63M	66.17M	12.02M
Net Income to Common Excl. Extra Items	-23.7M	-33.05M	-13.13M	-17.55M	-7.47M
Per Share Items
Net EPS - Basic	-0.62	-0.86	-0.15	1.72	0.31
Basic EPS - Continuing Operations	-0.62	-0.86	-0.34	-0.46	-0.19
Basic Weighted Average Shares Outstanding	38.39M	38.39M	38.39M	38.39M	38.39M
Net EPS - Diluted	-0.62	-0.86	-0.15	1.72	0.31
Diluted EPS - Continuing Operations	-0.62	-0.86	-0.34	-0.46	-0.19
Diluted Weighted Average Shares Outstanding	38.39M	38.39M	38.39M	38.39M	38.39M
Normalized Basic EPS	-0.38	-0.54	-0.12	-0.3	-0.12
Normalized Diluted EPS	-0.38	-0.54	-0.12	-0.3	-0.12
Supplemental Items
EBITDA	87.29K	1.09M	2.09M	1.18M	259K
EBITA	-1.2M	-164K	954K	1.17M	255K
EBIT	-1.2M	-164K	954K	1.17M	255K
EBITDAR	-	-	-	-	-
Normalized Net Income	-14.75M	-20.56M	-4.72M	-11.33M	-4.66M
Interest on Long-Term Debt	77.03K	57.96K	33.85K	11.59K	4.56K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	72.66K	-	-	-	-
Total Stock-Based Compensation	72.66K	-	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	239K	245K	386K	277K	362K
Total Cash And Short Term Investments	239K	245K	386K	277K	362K
Accounts Receivable, Total	2.21M	2.96M	3.96M	4.04M	3.03M
Other Receivables	705K	798K	13.16K	4.13K	3.37K
Total Receivables	2.92M	3.76M	3.97M	4.05M	3.04M
Inventory	2.87M	2.23M	756K	1.63M	1.7M
Prepaid Expenses	125K	196K	73.76K	22.24K	65.73K
Other Current Assets, Total	313K	249K	4.36M	22.03M	-
Total Current Assets	6.47M	6.67M	9.54M	28.01M	5.16M
Gross Property Plant And Equipment	44.99M	43.28M	19.8M	185K	115K
Accumulated Depreciation	-26.98M	-27.16M	-19.28M	-144K	-33.25K
Net Property Plant And Equipment	18.01M	16.12M	518K	41.39K	81.45K
Accounts Receivable Long-Term	-	74.94K	-	-	-
Other Long-Term Assets, Total	76.18K	75.26K	3.92K	-	-
Total Assets	24.55M	22.95M	10.07M	28.05M	5.24M
Liabilities
Accounts Payable, Total	4.73M	4.52M	3.79M	22.09M	20.97M
Accrued Expenses, Total	59.15M	79.08M	15.2M	4.42M	4.1M
Short-term Borrowings	58.71M	63.3M	70.15M	16.39M	15.61M
Current Portion of Long-Term Debt	40.97M	47.73M	3.63M	63.62M	72.4M
Current Portion of Leases	190K	152K	98.32K	29.07K	11.23K
Unearned Revenue Current, Total	326K	10.29K	9.26K	-	-
Other Current Liabilities	8.21M	8.03M	86.83M	26.05M	-
Total Current Liabilities	172M	203M	180M	133M	113M
Long-Term Debt	-	491K	242K	849K	809K
Long-Term Leases	226K	177K	43.09K	-	59.32K
Other Non Current Liabilities	-	125K	-	-	-
Total Liabilities	173M	204M	180M	133M	114M
Common Stock, Total	201M	201M	201M	201M	201M
Additional Paid In Capital	34.02M	34.02M	34.02M	34.02M	34.02M
Retained Earnings	-393M	-426M	-421M	-355M	-343M
Comprehensive Income and Other	10.87M	11.47M	17.71M	15.2M	-108K
Total Common Equity	-147M	-180M	-169M	-105M	-109M
Minority Interest	-816K	-1.06M	-855K	22.05K	-
Total Equity	-148M	-181M	-170M	-105M	-109M
Total Liabilities And Equity	24.55M	22.95M	10.07M	28.05M	5.24M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.39M	38.39M	38.39M	38.39M	38.39M
ECS Total Common Shares Outstanding	38.39M	38.39M	38.39M	38.39M	38.39M
Book Value / Share	-3.83	-4.68	-4.4	-2.75	-2.83
Tangible Book Value	-147M	-180M	-169M	-105M	-109M
Tangible Book Value Per Share	-3.83	-4.68	-4.4	-2.75	-2.83
Total Debt	100M	112M	74.16M	80.88M	88.89M
Net Debt	99.85M	112M	73.78M	80.6M	88.52M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-816K	-1.06M	-855K	22.05K	-
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Raw Materials, Total	768K	715K	253K	-	-
Inventories - Work In Process, Total	588K	548K	-	-	-
Inventories - Finished Goods, Total	1.52M	964K	503K	1.63M	1.7M
Buildings, Total	22.27M	21.49M	8.34M	-	-
Machinery, Total	20.25M	19.76M	10.72M	66.49K	40.18K
Full Time Employees	89	86	12	12	8
Accumulated Allowance for Doubtful Accounts (Supple)	1.25M	1.27M	1.22M	487K	487K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-23.7M	-33.05M	-13.11M	66.17M	12.02M
Depreciation & Amortization - CF	1.45M	1.4M	1.17M	39.86K	35.74K
Depreciation & Amortization, Total	1.45M	1.4M	1.17M	39.86K	35.74K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	9.04K	5.59M	-	530
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	72.66K	-	-	-	-
Provision and Write-off of Bad Debts	-1.36K	1.24K	-729	-	22.75K
Net Cash From Discontinued Operations	-	-	-	-	-19.49M
Other Operating Activities, Total	491K	-938K	6.34M	17.71M	6.91M
Change In Accounts Receivable	-521K	-465K	-1.01M	-160K	912K
Change In Inventories	725K	918K	527K	-1.18M	-70.87K
Change In Accounts Payable	682K	181K	2.62M	2.63M	-308K
Change in Unearned Revenues	274K	-271K	-1.03K	-134K	-
Change In Income Taxes	-242K	-103K	55.73K	9.03K	762
Change in Other Net Operating Assets	20.99M	32.07M	1.7M	164K	-47.08K
Cash from Operations	220K	-255K	3.88M	85.24M	-16.11K
Capital Expenditure	-127K	-12.66K	-1.85K	-9.74K	-1.82K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-81.74M	-
Cash from Investing	-127K	-12.66K	-1.85K	-81.75M	-1.82K
Short Term Debt Issued, Total	359K	449K	-	-	-
Long-Term Debt Issued, Total	126K	-	1.85M	1.83M	-
Total Debt Issued	486K	449K	1.85M	1.83M	-
Short Term Debt Repaid, Total	-181K	-631K	-605K	-1.06M	-
Long-Term Debt Repaid, Total	-572K	-232K	-2.46M	-1.08M	-37.6K
Total Debt Repaid	-753K	-863K	-3.07M	-2.14M	-37.6K
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-272K	-202K	-	-	-
Cash from Financing	-539K	-615K	-1.21M	-305K	-37.6K
Foreign Exchange Rate Adjustments	130K	888K	-2.48M	-3.28M	141K
Net Change in Cash	-317K	5.33K	182K	-89.98K	85.36K
Supplemental Items
Cash Interest Paid	196K	201K	-	475K	656K
Levered Free Cash Flow	3.57M	3.83M	-19.23M	-86.31M	-10.93M
Unlevered Free Cash Flow	16.97M	23.92M	-12.28M	-79.3M	-4.38M
Change In Net Working Capital	-16.32M	-22.64M	14.04M	80.06M	4.57M
Net Debt Issued / Repaid	-267K	-414K	-1.21M	-305K	-37.6K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-2.99	-0.43	3.58	2.67	0.95
Return on Total Capital	1.91	0.18	-0.6	-1.14	-0.72
Return On Equity %	17.65	20.27	7.7	12.05	6.99
Return on Common Equity	17.62	20.23	7.76	12.79	6.98
Margin Analysis
Gross Profit Margin %	25.77	32.12	41.05	17.49	14.19
SG&A Margin	36.78	33.61	31.82	9.42	11.48
EBITDA Margin %	0.8	9.96	20.25	8.08	2.52
EBITA Margin %	-11	-1.51	9.24	8.07	2.48
EBIT Margin %	-11	-1.51	9.24	8.07	2.48
Income From Continuing Operations Margin %	-219.47	-304.97	-127.07	-113.96	-72.85
Net Income Margin %	-217.94	-302.61	-54.53	454.58	117.1
Net Avail. For Common Margin %	-217.94	-302.61	-127.25	-120.58	-72.75
Normalized Net Income Margin	-135.64	-188.25	-45.76	-77.84	-45.43
Levered Free Cash Flow Margin	32.8	35.03	-186.36	-592.99	-106.5
Unlevered Free Cash Flow Margin	156.05	219.01	-118.94	-544.81	-42.63
Asset Turnover
Asset Turnover	0.44	0.46	0.62	0.53	0.61
Fixed Assets Turnover	0.59	0.64	2.5	257.84	167.14
Receivables Turnover (Average Receivables)	5.57	4.22	2.99	3.64	2.86
Inventory Turnover (Average Inventory)	2.48	2.91	6.03	11.47	5.29
Short Term Liquidity
Current Ratio	0.04	0.03	0.05	0.21	0.05
Quick Ratio	0.02	0.02	0.02	0.03	0.03
Operating Cash Flow to Current Liabilities	0	-0	0.02	0.64	-0
Days Sales Outstanding (Average Receivables)	65.5	86.43	121.9	100.57	127.7
Days Outstanding Inventory (Average Inventory)	147.34	125.56	60.56	31.9	69.01
Average Days Payable Outstanding	234.84	249.54	242.9	576.64	887.97
Cash Conversion Cycle (Average Days)	-22	-37.55	-60.44	-444.17	-691.27
Long Term Solvency
Total Debt/Equity	-67.65	-61.91	-43.64	-76.74	-81.77
Total Debt / Total Capital	-209.09	-162.53	-77.45	-329.94	-448.48
LT Debt/Equity	-0.15	-0.37	-0.17	-0.81	-0.8
Long-Term Debt / Total Capital	-0.47	-0.97	-0.3	-3.46	-4.38
Total Liabilities / Total Assets	702.6	887.29	1.79K	475.71	2.17K
EBIT / Interest Expense	-0.06	-0.01	0.09	0.1	0.02
EBITDA / Interest Expense	0.01	0.04	0.19	0.11	0.03
(EBITDA - Capex) / Interest Expense	0.01	0.04	0.19	0.11	0.03
Total Debt / EBITDA	391.28	90.87	34.86	66.63	305.86
Net Debt / EBITDA	390.35	90.68	34.68	66.4	304.61
Total Debt / (EBITDA - Capex)	776.4	91.82	34.89	67.17	307.78
Net Debt / (EBITDA - Capex)	774.54	91.62	34.71	66.94	306.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-28.87	0.42	-1.45	41.03	-29.47
Gross Profit, 1 Yr. Growth %	-25.18	25.16	-21.61	66.3	-42.77
EBITDA, 1 Yr. Growth %	-116.65	1.15K	-48.82	-577.44	-77.97
EBITA, 1 Yr. Growth %	-41.18	-86.25	-69.47	-571.09	-78.29
EBIT, 1 Yr. Growth %	-41.18	-86.25	-69.47	-571.09	-78.29
Earnings From Cont. Operations, 1 Yr. Growth %	-185	39.54	47.24	129.61	-54.91
Net Income, 1 Yr. Growth %	-243.43	39.43	-75.68	-1.28K	-81.83
Normalized Net Income, 1 Yr. Growth %	-38.24	39.36	-12.94	149.91	-58.84
Diluted EPS Before Extra, 1 Yr. Growth %	-244.19	38.85	49.84	142.32	-57.45
Accounts Receivable, 1 Yr. Growth %	30.9	33.74	34.74	2.14	-26.85
Inventory, 1 Yr. Growth %	-21.14	-22.51	-40.16	255.9	3.8
Net Property, Plant and Equip., 1 Yr. Growth %	-3.84	-10.48	-93.3	-42.13	96.81
Total Assets, 1 Yr. Growth %	-3.49	-6.54	-56.75	4.61	-81.38
Tangible Book Value, 1 Yr. Growth %	20.71	22.05	-0.28	-37.65	3.12
Common Equity, 1 Yr. Growth %	20.71	22.05	-0.28	-37.65	3.12
Cash From Operations, 1 Yr. Growth %	-102.64	-215.94	279.93	350.19	-101.05
Capital Expenditures, 1 Yr. Growth %	2.21K	-90.02	-81.94	425.76	-81.33
Levered Free Cash Flow, 1 Yr. Growth %	-114.08	-3K	-142.93	613.3	-87.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-214.13	80.21	-124.02	1.24K	-94.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.52	-15.48	-2.59	17.89	-0.27
Gross Profit, 2 Yr. CAGR %	78.33	-3.23	22.95	-31.38	-2.44
EBITDA, 2 Yr. CAGR %	-87.08	44.02	389.34	-46.33	2.56
EBITA, 2 Yr. CAGR %	-61.26	-71.56	-10.72	-38.7	1.13
EBIT, 2 Yr. CAGR %	-61.26	-71.56	-10.72	-38.7	1.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.32	8.91	-25.88	36.47	1.75
Net Income, 2 Yr. CAGR %	10.85	41.42	-51.27	69.1	46.15
Normalized Net Income, 2 Yr. CAGR %	21.31	-7.23	-43.42	44.52	1.43
Diluted EPS Before Extra, 2 Yr. CAGR %	11.08	41.49	-25.72	41.51	1.55
Accounts Receivable, 2 Yr. CAGR %	19.71	32.31	33.72	17.31	-12.43
Inventory, 2 Yr. CAGR %	-23.81	-21.83	-48.72	13.76	92.2
Net Property, Plant and Equip., 2 Yr. CAGR %	-21.21	-7.22	-83.03	-92.68	6.72
Total Assets, 2 Yr. CAGR %	-18.15	-5.03	-35.97	9.78	-55.78
Tangible Book Value, 2 Yr. CAGR %	17.2	21.38	7.19	-21.15	-19.82
Common Equity, 2 Yr. CAGR %	17.2	21.38	7.19	-21.15	-19.82
Cash From Operations, 2 Yr. CAGR %	-45.72	-82.51	320.26	813.62	-97.08
Capital Expenditures, 2 Yr. CAGR %	-6.37	51.97	-87.92	-2.56	-0.92
Levered Free Cash Flow, 2 Yr. CAGR %	51.17	-61.14	1.11K	38.79	-4.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	15.47	26.83	-3.83	24.56	-14.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-13.12	2.47	-12.28	10.2	-0.66
Gross Profit, 3 Yr. CAGR %	19.52	58.48	4.19	-3.17	-35.41
EBITDA, 3 Yr. CAGR %	-73.12	-40.76	58.56	137.98	-60.11
EBITA, 3 Yr. CAGR %	-46.53	-72.57	-22.31	-0.63	-56.63
EBIT, 3 Yr. CAGR %	-46.53	-72.57	-22.31	-0.63	-56.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.38	10.01	-22.42	-11.43	-5.66
Net Income, 3 Yr. CAGR %	3.17	19.66	-30.17	40.8	-19.61
Normalized Net Income, 3 Yr. CAGR %	14.28	27.05	-41.74	-8.42	-4.91
Diluted EPS Before Extra, 3 Yr. CAGR %	2.84	19.66	-7.34	-9.66	-5.19
Accounts Receivable, 3 Yr. CAGR %	-8.82	24.22	32.77	22.23	1.1
Inventory, 3 Yr. CAGR %	-18.18	-23.38	-40.81	-17.15	10.33
Net Property, Plant and Equip., 3 Yr. CAGR %	-18.45	-17.78	-69.75	-86.8	-78.08
Total Assets, 3 Yr. CAGR %	-17.63	-14.45	-26.59	4.54	-39.15
Tangible Book Value, 3 Yr. CAGR %	17.09	18.8	11.52	-10.52	-13.77
Common Equity, 3 Yr. CAGR %	17.09	18.8	11.52	-10.52	-13.77
Cash From Operations, 3 Yr. CAGR %	-44.06	-30.1	-22.48	629.38	-74.92
Capital Expenditures, 3 Yr. CAGR %	-42.14	-55.61	-30.36	-57.51	-43.82
Levered Free Cash Flow, 3 Yr. CAGR %	-10.76	34.83	-8.78	767.94	-37.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.8	23.4	-6.19	81.45	-55.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-10.51	-10.84	-9.05	7.48	-7.66
Gross Profit, 5 Yr. CAGR %	11.86	61.78	20.88	23.62	-17.21
EBITDA, 5 Yr. CAGR %	-59.99	-24.52	-14.2	-25.8	-13.14
EBITA, 5 Yr. CAGR %	-37.86	-54.11	-34.36	-31.83	-33.99
EBIT, 5 Yr. CAGR %	-37.86	-54.11	-34.36	-31.83	-33.99
Earnings From Cont. Operations, 5 Yr. CAGR %	0.05	13.65	-13.1	-7.89	-23.25
Net Income, 5 Yr. CAGR %	-0.09	14.45	-23.57	27.95	-6.17
Normalized Net Income, 5 Yr. CAGR %	1.66	16.14	-13.73	2.48	-27.87
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.32	14.16	-9.71	-1.87	-14.67
Accounts Receivable, 5 Yr. CAGR %	0.03	27.14	6.27	21.22	12.41
Inventory, 5 Yr. CAGR %	-19.13	-23.58	-32.12	-19.88	-14.18
Net Property, Plant and Equip., 5 Yr. CAGR %	-15.61	-15.6	-56.48	-73.03	-66.3
Total Assets, 5 Yr. CAGR %	-14.93	-14.02	-25.53	-5.21	-27.08
Tangible Book Value, 5 Yr. CAGR %	10.97	17.1	13.03	-0.32	-2.26
Common Equity, 5 Yr. CAGR %	10.97	17.1	13.03	-0.32	-2.26
Cash From Operations, 5 Yr. CAGR %	-6.77	-40.65	25.33	158	-71.34
Capital Expenditures, 5 Yr. CAGR %	-26.59	-48.22	-69.08	-41.71	-19.81
Levered Free Cash Flow, 5 Yr. CAGR %	45.86	7.22	30.83	123.12	-15.47
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.5	45.19	-1.41	44.18	-21.7