SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "Richards Packaging Income Fund",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cash": 4760000,
      "accountsReceivable": 55827000,
      "inventory": 102726000,
      "prepaidExpensesAndDeposits": 8697000,
      "totalCurrentAssets": 172010000,
      "leases": 43713000,
      "plantAndEquipment": 5709000,
      "investmentVision": 620000,
      "intangibleAssets": 58917000,
      "goodwill": 134653000,
      "totalLongTermAssets": 243612000,
      "totalAssets": 415622000,
      "accountsPayableAndAccruals": 70399000,
      "incomeTaxPayable": -2244000,
      "currentPortionOfRevolvingAndTermDebt": 12960000,
      "distributionsPayable": 1256000,
      "dueToPreviousShareholders": 8995000,
      "exchangeableShares": 15801000,
      "totalCurrentLiabilities": 107168000,
      "revolvingAndTermDebt": 51474000,
      "contingentConsideration": 0,
      "leaseObligations": 36989000,
      "deferredIncomeTaxes": 14636000,
      "totalLongTermLiabilities": 103099000,
      "unitholdersCapital": 0,
      "retainedEarnings": 183636000,
      "accumulatedOtherComprehensiveIncome": 21720000,
      "totalEquity": 205356000,
      "cashPerShare": 0.4345,
      "workingCapitalPerShare": 5.9187
    },
    "incomeStatement": {
      "revenue": 319302000,
      "costOfSales": 262232000,
      "grossProfit": 57070000,
      "administrativeExpenses": 28000000,
      "profitFromOperations": 29070000,
      "financialExpenses": 3549000,
      "unrealizedLossesOnForeignCurrencyTranslation": 824000,
      "exchangeableSharesMarkToMarketLoss": 2455000,
      "exchangeableSharesDistributions": 459000,
      "shareOfLossVision": -95000,
      "incomeTaxExpense": 8143000,
      "netIncome": 13735000,
      "weightedAverageSharesOutstanding": 10955007
    },
    "cashFlowStatement": {
      "cashProvidedByOperatingActivities": 21702000,
      "cashUsedInInvestingActivities": -65778000,
      "cashProvidedByFinancingActivities": 42000000,
      "netCashFlow": -2076000,
      "cashBeginningOfPeriod": 6187000,
      "foreignExchangeEffect": 649000,
      "cashEndOfPeriod": 4760000
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment",
        "description": "Investment in Vision (associate or joint venture)",
        "ownershipPercentage": null,
        "value": 620000,
        "notes": "Equity investment; share of loss (income) reported in income statement."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 10955007,
      "classesOfShares": ["Units", "Exchangeable Shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": "Exchangeable shares are convertible into units."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-24",
        "description": "Issued 463,006 Units to repurchase all Exchangeable Shares.",
        "impactValue": null
      },
      {
        "eventDate": "2025-12-11",
        "description": "Proposed conversion from an income trust to a corporate structure (Richards Group Inc.) subject to unitholder approval at Special Meeting.",
        "impactValue": null
      }
    ]
  }
]