Income Statement Simply Solventless Concentrates Ltd.

Stocks

HASH

CA82888A1021

Pharmaceuticals

End-of-day quote Toronto S.E. 2026-10-06			5-day change	1st Jan Change
0.0500 ^CAD	+11.11%		+11.11%	-64.29%

09-02	Simply Solventless Concentrates Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-31	Simply Solventless Concentrates Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: SIMPLY SOLVENTLESS CONCENTRATES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	1.22M	2.8M	6.19M	13.68M	29.06M
Total Revenues	1.22M	2.8M	6.19M	13.68M	29.06M
Cost of Goods Sold, Total	1.73M	2.77M	2.69M	12.5M	31.75M
Gross Profit	-515K	33.24K	3.5M	1.18M	-2.69M
Selling General & Admin Expenses, Total	1.37M	1.12M	1.21M	4.39M	8.27M
Provision for Bad Debts	-	-	-	-	2.55M
Stock-Based Compensation (IS)	364K	48.61K	219K	629K	1.33M
Depreciation & Amortization - (IS)	77.76K	230K	48.21K	251K	1.36M
Other Operating Expenses, Total	1.81M	1.4M	1.48M	5.27M	13.51M
Operating Income	-2.32M	-1.37M	2.02M	-4.08M	-16.2M
Interest Expense, Total	-124	-262K	-313K	-866K	-2.44M
Net Interest Expenses	-124	-262K	-313K	-866K	-2.44M
Currency Exchange Gains (Loss)	-	-77	-11.61K	-18.93K	-61.03K
Other Non Operating Income (Expenses)	-2.95K	-52.39K	-650K	-240K	-142K
EBT, Excl. Unusual Items	-2.33M	-1.68M	1.04M	-5.21M	-18.84M
Restructuring Charges	-	-	-	-271K	-82K
Impairment of Goodwill	-	-	-	-	-7.79M
Gain (Loss) On Sale Of Assets	-	-	-	-	280K
Asset Writedown	-	-	-	-	-1.8M
Other Unusual Items	-	-	-	-	-163K
EBT, Incl. Unusual Items	-2.33M	-1.68M	1.04M	-5.48M	-28.39M
Income Tax Expense	-	-	-	-285K	-1.07M
Earnings From Continuing Operations	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Net Income to Company	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Net Income - (IS)	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Net Income to Common Incl Extra Items	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Net Income to Common Excl. Extra Items	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Per Share Items
Net EPS - Basic	-0.08	-0.05	0.03	-0.08	-0.24
Basic EPS - Continuing Operations	-0.08	-0.05	0.03	-0.08	-0.24
Basic Weighted Average Shares Outstanding	30.42M	34.99M	38.69M	66.94M	113M
Net EPS - Diluted	-0.08	-0.05	0.02	-0.08	-0.24
Diluted EPS - Continuing Operations	-0.08	-0.05	0.02	-0.08	-0.24
Diluted Weighted Average Shares Outstanding	30.42M	34.99M	41.69M	72.8M	113M
Normalized Basic EPS	-0.05	-0.03	0.02	-0.05	-0.1
Normalized Diluted EPS	-0.05	-0.03	0.02	-0.04	-0.1
Supplemental Items
EBITDA	-2.26M	-1.12M	2.34M	-4.01M	-15.09M
EBITA	-2.32M	-1.37M	2.02M	-4.08M	-15.7M
EBIT	-2.32M	-1.37M	2.02M	-4.08M	-16.2M
EBITDAR	-2.24M	-922K	-	-	-
Total Revenues (As Reported)	-	-	-	13.68M	29.06M
Effective Tax Rate - (Ratio)	-	-	-	5.21	3.76
Total Deferred Taxes	-	-	-	-	-1.07M
Normalized Net Income	-1.45M	-1.05M	650K	-3.26M	-11.78M
Interest on Long-Term Debt	3.07K	4.34K	184K	730K	540K
Supplemental Operating Expense Items
Net Rental Expense, Total	18.06K	197K	-	-	-
Imputed Operating Lease Interest Expense	-	114K	-	-	-
Imputed Operating Lease Depreciation	-	83.62K	-	-	-
Maintenance & Repair Expenses, Total	6.75K	5.19K	-	-	-
Stock-Based Comp., Other (Total)	364K	48.61K	219K	629K	1.33M
Total Stock-Based Compensation	364K	48.61K	219K	629K	1.33M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	155K	233K	80.88K	1.89M	885K
Total Cash And Short Term Investments	155K	233K	80.88K	1.89M	885K
Accounts Receivable, Total	1.22M	364K	526K	3.65M	2.1M
Other Receivables	-	97.71K	5.94K	288K	1.5K
Total Receivables	1.22M	462K	532K	3.93M	2.11M
Inventory	107K	2.54M	7.72M	16.1M	12.39M
Prepaid Expenses	6.29K	21.56K	13.92K	145K	32.02K
Other Current Assets, Total	1.42M	206K	71.17K	1.24M	1.54M
Total Current Assets	2.91M	3.47M	8.42M	23.3M	16.95M
Gross Property Plant And Equipment	693K	7.58M	2.1M	6.36M	12.76M
Accumulated Depreciation	-73.67K	-324K	-343K	-2.89M	-1.44M
Net Property Plant And Equipment	619K	7.26M	1.76M	3.48M	11.32M
Goodwill	-	-	-	-	637K
Other Intangibles, Total	-	-	63.97K	11.84M	962K
Total Assets	3.53M	10.72M	10.24M	38.61M	29.86M
Liabilities
Accounts Payable, Total	970K	944K	2.17M	3.52M	6.34M
Accrued Expenses, Total	471K	525K	1.88M	7.35M	944K
Short-term Borrowings	-	257K	314K	9.03M	1.33M
Current Portion of Long-Term Debt	-	-	-	-	2.04M
Current Portion of Leases	29.71K	31.86K	248K	474K	1.32M
Current Income Taxes Payable	-	-	-	419K	10.07M
Unearned Revenue Current, Total	-	-	-	228K	-
Other Current Liabilities	231K	813K	115K	657K	128K
Total Current Liabilities	1.7M	2.57M	4.73M	21.67M	22.17M
Long-Term Debt	-	6.88M	-	-	4.87M
Long-Term Leases	45.27K	23.03K	1.15M	1.48M	8.32M
Deferred Tax Liability Non Current	-	-	-	-	267K
Other Non Current Liabilities	-	810K	-	-	-
Total Liabilities	1.75M	10.29M	5.87M	23.16M	35.64M
Common Stock, Total	3.81M	4.1M	6.78M	22.37M	27.33M
Additional Paid In Capital	365K	413K	632K	1.32M	4.88M
Retained Earnings	-2.39M	-4.08M	-3.04M	-8.23M	-37.99M
Total Common Equity	1.78M	434K	4.37M	15.46M	-5.77M
Total Equity	1.78M	434K	4.37M	15.46M	-5.77M
Total Liabilities And Equity	3.53M	10.72M	10.24M	38.61M	29.86M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	30.42M	35.21M	48.48M	108M	116M
ECS Total Common Shares Outstanding	30.42M	35.21M	48.48M	108M	116M
Book Value / Share	0.06	0.01	0.09	0.14	-0.05
Tangible Book Value	1.78M	434K	4.31M	3.62M	-7.37M
Tangible Book Value Per Share	0.06	0.01	0.09	0.03	-0.06
Total Debt	74.98K	7.2M	1.71M	10.99M	17.89M
Net Debt	-80.24K	6.96M	1.63M	9.1M	17M
Debt Equivalent Oper. Leases	144K	1.58M	-	-	-
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	-	335K	1.03M	5.55M	4.34M
Inventories - Finished Goods, Total	-	2.21M	6.69M	10.54M	8.06M
Land - (BS)	-	1.3M	-	-	-
Buildings, Total	-	5.54M	-	-	-
Machinery, Total	611K	683K	742K	4.5M	3.46M
Accumulated Allowance for Doubtful Accounts (Supple)	-	204K	10.9K	133K	2.75M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-2.33M	-1.68M	1.04M	-5.19M	-27.33M
Depreciation & Amortization - CF	77.76K	284K	48.21K	251K	2.04M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	500K
Depreciation & Amortization, Total	77.76K	284K	48.21K	251K	2.54M
(Gain) Loss From Sale Of Asset	-	-	-418K	-	-280K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-1.98M
Asset Writedown & Restructuring Costs	-	-	-	-	9.59M
Stock-Based Compensation (CF)	364K	48.61K	219K	629K	1.33M
Provision and Write-off of Bad Debts	-	-	-	-	2.55M
Other Operating Activities, Total	2.95K	-1.06M	1.24M	266K	2.93M
Change In Accounts Receivable	-	-	-69.82K	-805K	-373K
Change In Inventories	-	-	-4.65M	-5.16M	4.64M
Change In Accounts Payable	-	-	1.76M	4.91M	2.95M
Change in Unearned Revenues	-	-	-	228K	-228K
Change In Income Taxes	-	-	-	-285K	3.05M
Change in Other Net Operating Assets	-317K	1.56M	432K	-688K	763K
Cash from Operations	-2.2M	-846K	-408K	-5.85M	133K
Capital Expenditure	-562K	-555K	-59.49K	-306K	-182K
Sale of Property, Plant, and Equipment	-	48.66K	-	-	279K
Cash Acquisitions	-	-	106K	-2.66M	-3.35M
Sale (Purchase) of Intangible assets	-	-	-87.24K	-	-
Cash from Investing	-562K	-507K	-40.79K	-2.97M	-3.25M
Short Term Debt Issued, Total	111K	-	-	-	16.43K
Long-Term Debt Issued, Total	-	1.18M	-	-	5.65M
Total Debt Issued	111K	1.18M	-	-	5.67M
Short Term Debt Repaid, Total	-	-	-	-1.15M	-550K
Long-Term Debt Repaid, Total	-19.55K	-36.42K	-248K	-281K	-3.01M
Total Debt Repaid	-19.55K	-36.42K	-248K	-1.43M	-3.56M
Issuance of Common Stock	2.05M	301K	585K	12.45M	10.81K
Other Financing Activities, Total	-109K	-14.79K	-40K	-399K	-
Cash from Financing	2.03M	1.43M	297K	10.62M	2.12M
Net Change in Cash	-732K	77.46K	-152K	1.8M	-1M
Supplemental Items
Levered Free Cash Flow	-	-1.11M	-2.04M	-7.59M	366K
Unlevered Free Cash Flow	-	-946K	-1.84M	-7.05M	1.89M
Change In Net Working Capital	-	-132K	3.22M	5.07M	-8.33M
Net Debt Issued / Repaid	91.52K	1.14M	-248K	-1.43M	2.11M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-	-12.01	12.02	-10.45	-29.47
Return on Total Capital	-	-18.04	18.38	-15.7	-56.14
Return On Equity %	-	-151.86	43.3	-52.4	-538.41
Return on Common Equity	-	-151.86	43.3	-52.4	-538.41
Margin Analysis
Gross Profit Margin %	-42.38	1.19	56.48	8.63	-9.26
SG&A Margin	112.3	40.16	19.62	32.06	28.47
EBITDA Margin %	-185.45	-39.98	37.77	-29.34	-51.95
EBITA Margin %	-191.03	-48.92	32.55	-29.86	-54.02
EBIT Margin %	-191.03	-48.92	32.55	-29.86	-55.75
Income From Continuing Operations Margin %	-191.28	-60.15	16.8	-37.98	-94.04
Net Income Margin %	-191.28	-60.15	16.8	-37.98	-94.04
Net Avail. For Common Margin %	-191.28	-60.15	16.8	-37.98	-94.04
Normalized Net Income Margin	-119.55	-37.59	10.5	-23.8	-40.52
Levered Free Cash Flow Margin	-	-39.65	-32.93	-55.5	1.26
Unlevered Free Cash Flow Margin	-	-33.8	-29.76	-51.54	6.51
Asset Turnover
Asset Turnover	-	0.39	0.59	0.56	0.85
Fixed Assets Turnover	-	0.71	1.37	5.22	3.74
Receivables Turnover (Average Receivables)	-	3.52	13.91	6.56	10.3
Inventory Turnover (Average Inventory)	-	2.09	0.52	1.05	2.25
Short Term Liquidity
Current Ratio	1.71	1.35	1.78	1.08	0.76
Quick Ratio	0.81	0.27	0.13	0.27	0.13
Operating Cash Flow to Current Liabilities	-1.29	-0.33	-0.09	-0.27	0.01
Days Sales Outstanding (Average Receivables)	-	103.6	26.24	55.82	35.45
Days Outstanding Inventory (Average Inventory)	-	174.97	695.38	348.74	162.3
Average Days Payable Outstanding	-	67.13	72.16	49.88	63.6
Cash Conversion Cycle (Average Days)	-	211.44	649.46	354.69	134.15
Long Term Solvency
Total Debt/Equity	4.2	1.66K	39.12	71.06	-309.77
Total Debt / Total Capital	4.04	94.31	28.12	41.54	147.67
LT Debt/Equity	2.54	1.59K	26.26	9.58	-228.53
Long-Term Debt / Total Capital	2.44	90.53	18.88	5.6	108.95
Total Liabilities / Total Assets	49.49	95.95	57.33	59.97	119.34
EBIT / Interest Expense	-18.74K	-5.23	6.43	-4.72	-6.64
EBITDA / Interest Expense	-18.11K	-4.14	8.03	-4.19	-5.6
(EBITDA - Capex) / Interest Expense	-22.65K	-6.26	7.84	-4.54	-5.67
Total Debt / EBITDA	-0.03	-6.63	0.68	-3.03	-1.31
Net Debt / EBITDA	0.04	-6.42	0.65	-2.51	-1.24
Total Debt / (EBITDA - Capex)	-0.03	-4.39	0.7	-2.79	-1.29
Net Debt / (EBITDA - Capex)	0.03	-4.24	0.66	-2.31	-1.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	130.16	121.18	120.93	112.43
Gross Profit, 1 Yr. Growth %	-	-106.45	9K	-66.23	-383.85
EBITDA, 1 Yr. Growth %	-	-50.38	-308.95	-294.57	290.82
EBITA, 1 Yr. Growth %	-	-41.06	-247.18	-302.67	259.42
EBIT, 1 Yr. Growth %	-	-41.06	-247.18	-302.67	263.74
Earnings From Cont. Operations, 1 Yr. Growth %	-	-27.63	-161.78	-599.34	258.62
Net Income, 1 Yr. Growth %	-	-27.63	-161.78	-599.34	258.62
Normalized Net Income, 1 Yr. Growth %	-	-27.63	-161.78	-412.6	218.34
Diluted EPS Before Extra, 1 Yr. Growth %	-	-37.06	-140	-490	113.16
Accounts Receivable, 1 Yr. Growth %	-	-70.25	44.35	593.4	-40.6
Inventory, 1 Yr. Growth %	-	2.28K	203.39	108.46	-21.77
Net Property, Plant and Equip., 1 Yr. Growth %	-	1.07K	-75.74	97.46	167.58
Total Assets, 1 Yr. Growth %	-	203.72	-4.47	276.96	-23.14
Tangible Book Value, 1 Yr. Growth %	-	-75.65	891.63	-15.91	-273.9
Common Equity, 1 Yr. Growth %	-	-75.65	906.36	253.7	-136.26
Cash From Operations, 1 Yr. Growth %	-	-61.52	-51.75	1.33K	-102.22
Capital Expenditures, 1 Yr. Growth %	-	-1.24	-89.29	415	-59.1
Levered Free Cash Flow, 1 Yr. Growth %	-	-	83.68	269.64	-106.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	94.77	282.56	-141.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	125.63	121.05	116.64
Gross Profit, 2 Yr. CAGR %	-	-	160.47	454.42	-12.28
EBITDA, 2 Yr. CAGR %	-	-	1.83	89.34	170.54
EBITA, 2 Yr. CAGR %	-	-	-6.87	72.71	179.1
EBIT, 2 Yr. CAGR %	-	-	-6.87	72.71	183.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-33.13	75.64	412.53
Net Income, 2 Yr. CAGR %	-	-	-33.13	75.64	412.53
Normalized Net Income, 2 Yr. CAGR %	-	-	-33.13	75.89	236.25
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-48.86	24.9	248.57
Accounts Receivable, 2 Yr. CAGR %	-	-	-34.47	216.37	99.99
Inventory, 2 Yr. CAGR %	-	-	749.47	151.49	26.69
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	68.63	-30.78	153.54
Total Assets, 2 Yr. CAGR %	-	-	70.33	89.76	70.75
Tangible Book Value, 2 Yr. CAGR %	-	-	55.4	188.77	30.85
Common Equity, 2 Yr. CAGR %	-	-	56.55	496.62	14.95
Cash From Operations, 2 Yr. CAGR %	-	-	-56.91	162.96	-42.81
Capital Expenditures, 2 Yr. CAGR %	-	-	-67.48	-25.73	74.91
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	161.52	-57.78
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	172.97	1.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	124.05	118.14
Gross Profit, 3 Yr. CAGR %	-	-	-	31.84	312.19
EBITDA, 3 Yr. CAGR %	-	-	-	21.17	138.03
EBITA, 3 Yr. CAGR %	-	-	-	20.69	125.49
EBIT, 3 Yr. CAGR %	-	-	-	20.69	127.86
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	30.7	153.19
Net Income, 3 Yr. CAGR %	-	-	-	30.7	153.19
Normalized Net Income, 3 Yr. CAGR %	-	-	-	30.82	123.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	0.66	69.39
Accounts Receivable, 3 Yr. CAGR %	-	-	-	43.86	79.39
Inventory, 3 Yr. CAGR %	-	-	-	431.84	69.5
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	77.74	15.97
Total Assets, 3 Yr. CAGR %	-	-	-	121.97	40.7
Tangible Book Value, 3 Yr. CAGR %	-	-	-	26.63	157.01
Common Equity, 3 Yr. CAGR %	-	-	-	105.42	136.91
Cash From Operations, 3 Yr. CAGR %	-	-	-	38.58	-45.96
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-18.33	-31.06
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-30.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	25.95