SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "Tree Island Steel Ltd.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": "KPMG LLP",
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cashAndCashEquivalents": 2806,
      "accountsReceivable": 23387,
      "inventory": 51955,
      "prepaidExpenses": 1674,
      "incomeTaxesRecoverableCurrent": 4227,
      "otherCurrentAssets": 165,
      "totalCurrentAssets": 84214,
      "propertyPlantAndEquipment": 45514,
      "rightOfUseAssets": 18570,
      "incomeTaxesRecoverableNonCurrent": 6795,
      "otherNonCurrentAssets": null,
      "totalAssets": 165196,
      "seniorRevolvingCreditFacility": 5640,
      "accountsPayableAndAccruedLiabilities": 90090,
      "dividendsPayable": 45514,
      "currentPortionOfRouLeaseLiabilities": 18570,
      "totalCurrentLiabilities": 105943,
      "rouLeaseLiabilitiesNonCurrent": 6795,
      "otherNonCurrentLiabilities": 389,
      "deferredIncomeTaxLiabilities": 1508,
      "totalLiabilities": 114635,
      "shareholdersEquity": 50561,
      "derivedMetrics": {
        "cashPerShare": 0.1080,
        "workingCapitalPerShare": -0.8363
      }
    },
    "incomeStatement": {
      "revenue": 136519,
      "costOfSales": 115630,
      "depreciation": 7151,
      "grossProfit": 13738,
      "sellingGeneralAndAdministrativeExpenses": null,
      "operatingIncomeLoss": null,
      "foreignExchangeGainLoss": 78,
      "lossOnDispositionOfPropertyPlantAndEquipment": -92,
      "otherExpenses": null,
      "interestIncome": 97,
      "financingExpenses": -1674,
      "incomeLossBeforeIncomeTaxes": -2082,
      "incomeTaxExpenseRecovery": 0,
      "netLoss": -2082,
      "netLossPerShare": -0.08,
      "weightedAverageSharesOutstanding": 25983920
    },
    "cashFlowStatement": {
      "netLoss": -2082,
      "depreciation": 4128,
      "lossOnDispositionOfPropertyPlantAndEquipment": -92,
      "changeInNonCurrentAssets": null,
      "netFinancingCosts": null,
      "deferredIncomeTaxExpense": -1158,
      "workingCapitalAdjustments": {
        "accountsReceivable": 213,
        "inventories": -4591,
        "accountsPayableAndAccruedLiabilities": 26626,
        "prepaidExpenses": -38,
        "incomeAndOtherTaxes": null,
        "other": null
      },
      "netCashUsedInOperatingActivities": -4877,
      "investmentIncomeOnCashEquivalents": 80,
      "propertyPlantAndEquipmentExpenditures": -1180,
      "netCashUsedInInvestingActivities": -1100,
      "leaseInterestPaid": -862,
      "leasePrincipalPayments": -858,
      "otherInterestPaid": -937,
      "deferredFinancingFees": null,
      "advanceOnSeniorRevolvingCreditFacility": 5640,
      "dividendPaid": -1560,
      "repurchaseOfCommonShares": -259,
      "netCashProvidedByFinancingActivities": 1183,
      "effectOfExchangeRateChangeOnCash": -556,
      "decreaseInCash": -5891,
      "cashAndCashEquivalentsBeginningOfPeriod": 8697,
      "cashAndCashEquivalentsEndOfPeriod": 2806
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 25916357,
      "classesOfShares": ["common"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedSeptember302025": {
          "salaries": null,
          "shareBasedCompensation": null,
          "bonuses": null,
          "total": 700
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Doman Building Materials Group Ltd. (DBM)",
          "description": "Sale of goods",
          "amount": 1500,
          "period": "Nine months ended September 30, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]