SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "Stingray Group Inc.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "currentAssets": {
        "cashAndCashEquivalents": 15145,
        "tradeAndOtherReceivables": 94723,
        "incomeTaxesReceivable": 647,
        "inventories": 8934,
        "prepaidExpensesAndDeposits": 22520,
        "totalCurrentAssets": 141969
      },
      "nonCurrentAssets": {
        "propertyAndEquipment": 36150,
        "rightOfUseAssetsOnLeases": 20001,
        "intangibleAssetsExcludingBroadcastLicences": 49261,
        "broadcastLicences": 273017,
        "goodwill": 312381,
        "investments": 4840,
        "otherNonCurrentAssets": 3621,
        "deferredTaxAssets": 7245,
        "totalNonCurrentAssets": 706516
      },
      "totalAssets": 848485,
      "currentLiabilities": {
        "accountsPayableAndAccruedLiabilities": 105583,
        "dividendPayable": 0,
        "deferredRevenues": 7227,
        "currentPortionOfLeaseLiabilities": 4490,
        "currentPortionOfOtherLiabilities": 2535,
        "incomeTaxesPayable": 7819,
        "totalCurrentLiabilities": 127654
      },
      "nonCurrentLiabilities": {
        "creditFacility": 336273,
        "deferredRevenues": 39,
        "leaseLiabilities": 17602,
        "otherLiabilities": 15796,
        "deferredTaxLiabilities": 62259,
        "totalNonCurrentLiabilities": 431969
      },
      "totalLiabilities": 559623,
      "shareholdersEquity": {
        "shareCapital": 293273,
        "contributedSurplus": 5134,
        "deficit": -22090,
        "accumulatedOtherComprehensiveIncome": 12545,
        "totalEquity": 288862
      },
      "cashPerShare": 0.2230,
      "workingCapitalPerShare": 0.2108
    },
    "incomeStatement": {
      "revenues": 208899,
      "operatingExpenses": 143976,
      "depreciationAmortizationAndWriteOff": 14850,
      "netFinanceExpense": 6528,
      "changeInFairValueOfInvestments": 22,
      "shareOfResultsOfInvestmentsInAssociates": 373,
      "acquisitionLegalRestructuringAndOtherExpenses": 4347,
      "lossOnDisposalOfAnInvestment": 450,
      "incomeBeforeIncomeTaxes": 38353,
      "incomeTaxes": 9798,
      "netIncome": 28555,
      "weightedAverageSharesBasic": 67887253,
      "weightedAverageSharesDiluted": 68624702
    },
    "cashFlowStatement": {
      "cashFlowFromOperatingActivities": 43316,
      "cashFlowFromFinancingActivities": -34329,
      "cashFlowFromInvestingActivities": -7820,
      "effectOfExchangeRateChangesOnCash": -6,
      "netIncreaseInCash": 1161,
      "cashAtBeginningOfPeriod": 13984,
      "cashAtEndOfPeriod": 15145
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity investments",
        "description": "Investments in private entities (including associates and joint ventures)",
        "ownershipPercentage": null,
        "value": 4840,
        "notes": "Carrying amount as per balance sheet; includes fair value of equity instruments in private entities and investments in associates and joint ventures."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 68051671,
      "classesOfShares": ["subordinate voting shares", "variable subordinate voting shares", "multiple voting shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-11",
        "description": "Declared a dividend of $0.085 per subordinate voting share, variable subordinate voting share and multiple voting share.",
        "impactValue": null
      },
      {
        "eventDate": "2025-11-11",
        "description": "Entered into an agreement to acquire TuneIn Holdings, Inc. for total consideration of US$175,000.",
        "impactValue": 175000
      },
      {
        "eventDate": "2025-11-10",
        "description": "Secured an additional US$150,000 term loan under its existing credit facility and extended the maturity date by one year to November 10, 2029.",
        "impactValue": 150000
      },
      {
        "eventDate": "2025-10-30",
        "description": "Acquired DMI, a U.S. based leader in music branding and in-store audio advertising, for total consideration of US$12,000.",
        "impactValue": 12000
      }
    ]
  }
]