SEDAR Interim Financial Statements

[
  {
    "companyName": "K-Bro Linen Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 26011,
      "accountsReceivable": 93302,
      "prepaidExpensesAndDeposits": 12399,
      "linenInService": 72884,
      "totalCurrentAssets": 204596,
      "assetsClassifiedAsHeldForSale": 798,
      "propertyPlantAndEquipment": 304614,
      "intangibleAssets": 64934,
      "goodwill": 143614,
      "totalAssets": 718556,
      "accountsPayableAndAccruedLiabilities": 79015,
      "provisions": 456,
      "currentPortionOfLongTermDebt": 7554,
      "leaseLiabilities": 18806,
      "incomeTaxesPayable": 1765,
      "dividendsPayableToShareholders": 1300,
      "totalCurrentLiabilities": 108896,
      "longTermDebt": 238764,
      "leaseLiabilitiesNonCurrent": 61532,
      "provisionsNonCurrent": 3398,
      "deferredIncomeTaxes": 28166,
      "totalLiabilities": 440756,
      "shareCapital": 283693,
      "shareRepurchaseDeficit": -4356,
      "contributedSurplus": 3452,
      "deficit": -16900,
      "accumulatedOtherComprehensiveIncome": 11911,
      "totalEquity": 277800,
      "cashPerShare": 0.0023,
      "workingCapitalPerShare": 0.0083
    },
    "incomeStatement": {
      "revenue": 359991,
      "wagesAndBenefits": 137814,
      "delivery": 41654,
      "linen": 35287,
      "utilities": 22681,
      "corporate": 20906,
      "materialsAndSupplies": 15283,
      "repairsAndMaintenance": 14742,
      "occupancyCosts": 7284,
      "gainOnSettlementOfContingentConsideration": -500,
      "otherExpenseRecovery": -1480,
      "totalExpenses": 294171,
      "earningsBeforeInterestTaxesDepreciationAndAmortization": 65820,
      "depreciationOfPropertyPlantAndEquipment": 29182,
      "amortizationOfIntangibleAssets": 5409,
      "financeExpense": 11920,
      "earningsBeforeIncomeTaxes": 19309,
      "currentIncomeTaxExpense": 4530,
      "deferredIncomeTaxExpenseRecovery": -321,
      "incomeTaxExpense": 4209,
      "netEarnings": 15100,
      "foreignCurrencyTranslationDifferencesOnForeignOperations": 5044,
      "totalComprehensiveIncome": 20144,
      "basicEarningsPerShare": 1.32,
      "dilutedEarningsPerShare": 1.31,
      "weightedAverageSharesOutstandingBasic": 11470790,
      "weightedAverageSharesOutstandingDiluted": 11540808
    },
    "cashFlowStatement": {
      "netEarnings": 15100,
      "depreciationOfPropertyPlantAndEquipment": 29182,
      "amortizationOfIntangibleAssets": 5409,
      "accretionRecoveryExpense": 39,
      "employeeShareBasedCompensationExpense": 1900,
      "otherExpenseRecovery": -1480,
      "gainOnSettlementOfContingentConsideration": -500,
      "amortizationOfTermLoanFees": 49,
      "deferredIncomeTaxExpenseRecovery": -321,
      "changeInNonCashWorkingCapitalItems": -8864,
      "cashProvidedByOperatingActivities": 41014,
      "netProceedsExpendituresFromIssuanceOfCommonShares": 75611,
      "netRepaymentsProceedsFromRevolvingDebt": -9341,
      "repaymentsOfTermLoan": -1679,
      "feesPaidRelatingToTermLoan": -789,
      "netProceedsFromTermLoan": 134300,
      "repurchaseOfShares": null,
      "principalElementsOfLeasePayments": -10308,
      "dividendsPaidToShareholders": -10252,
      "cashUsedInProvidedByFinancingActivities": 177542,
      "purchaseOfPropertyPlantAndEquipment": -9186,
      "proceedsFromDisposalOfPropertyPlantAndEquipment": 1874,
      "purchaseOfIntangibleAssets": -257,
      "acquisitionOfBusinessesNetOfCash": -194695,
      "cashUsedInInvestingActivities": -202264,
      "changeInCashAndCashEquivalentsDuringThePeriod": 16292,
      "effectOfExchangeRateChangesOnCash": 296,
      "cashAndCashEquivalentsBeginningOfPeriod": 9423,
      "cashAndCashEquivalentsEndOfPeriod": 26011,
      "interestPaid": 11745,
      "incomeTaxesPaid": 4532
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Business Acquisition",
        "description": "Shortridge Ltd",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% share capital acquisition, finalized in 2025"
      },
      {
        "type": "Business Acquisition",
        "description": "Buanderie C.M.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% share capital acquisition, finalized in 2025"
      },
      {
        "type": "Business Acquisition",
        "description": "Stellar Mayan (including Synergy, Grosvenor Contracts, Aeroserve)",
        "ownershipPercentage": 100,
        "value": 194695,
        "notes": "Acquired on June 11, 2025, purchase price allocated to net assets acquired"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 12990517,
      "classesOfShares": ["Common Shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedSeptember302025": {
          "employeeShareBasedCompensationExpense": 1900
        },
        "nineMonthsEndedSeptember302024": {
          "employeeShareBasedCompensationExpense": 1497
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-15",
        "description": "Declared an eligible dividend of $0.1000 per common share payable on November 14, 2025 to shareholders of record on October 31, 2025.",
        "impactValue": null
      },
      {
        "eventDate": "2025-11-12",
        "description": "Declared an eligible dividend of $0.1000 per common share payable on December 15, 2025 to shareholders of record on November 30, 2025.",
        "impactValue": null
      }
    ]
  }
]