SEDAR Interim Financial Statements

[
  {
    "companyName": "Vertex Resource Group Ltd.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "assets": {
        "currentAssets": {
          "cash": 2514,
          "accountsReceivable": 46741,
          "contractAssets": 542,
          "inventories": 3658,
          "prepaidExpensesAndDeposits": 4285,
          "totalCurrentAssets": 57740
        },
        "propertyAndEquipment": 71922,
        "rightOfUseAssets": 30708,
        "intangibleAssets": 4824,
        "goodwill": 25674,
        "deferredIncomeTaxes": 5980,
        "totalAssets": 196848
      },
      "liabilities": {
        "currentLiabilities": {
          "bankIndebtedness": 4907,
          "accountsPayableAndAccruedLiabilities": 31966,
          "contractLiabilities": 620,
          "currentPortionOfLoansAndBorrowings": 61739,
          "currentPortionOfLeaseLiabilities": 7515,
          "currentPortionOfOtherLiabilities": null,
          "totalCurrentLiabilities": 106747
        },
        "loansAndBorrowings": 5512,
        "leaseLiabilities": 17735,
        "convertibleDebenture": 12942,
        "deferredIncomeTaxes": 971,
        "totalLiabilities": 143907
      },
      "equity": {
        "commonShares": 89543,
        "contributedSurplus": 7162,
        "accumulatedOtherComprehensiveLoss": -341,
        "deficit": -43423,
        "totalShareholdersEquity": 52941
      },
      "derivedMetrics": {
        "weightedAverageSharesOutstanding": 112026890,
        "cashPerShare": 0.0224,
        "workingCapitalPerShare": -0.4375
      }
    },
    "incomeStatement": {
      "period": "Nine months ended September 30, 2025",
      "grossRevenue": 164709,
      "lessFlowThroughSubcontractorCosts": 12917,
      "netRevenue": 151792,
      "directCosts": 116068,
      "profitMargin": 35724,
      "generalAndAdministrativeExpenses": 16952,
      "depreciationAndAmortization": 18571,
      "financeCosts": 6281,
      "impairment": 2707,
      "shareBasedCompensation": 53,
      "lossIncomeBeforeIncomeTaxes": -8840,
      "incomeTaxRecoveryExpense": -2043,
      "netLossIncome": -6797,
      "otherComprehensiveIncomeLoss": -315,
      "totalComprehensiveLossIncome": -7112,
      "basicAndDilutedEarningsPerShare": -0.06
    },
    "cashFlowStatement": {
      "period": "Nine months ended September 30, 2025",
      "operatingActivities": {
        "netLossIncome": -6797,
        "adjustments": {
          "depreciationAndAmortization": 18571,
          "financeCosts": 6281,
          "impairment": 2707,
          "shareBasedCompensation": 53,
          "incomeTaxRecoveryExpense": -2078,
          "changesInNonCashOperatingWorkingCapital": -2336
        },
        "cashProvidedByOperatingActivities": 16628
      },
      "investingActivities": {
        "purchaseOfPropertyAndEquipment": -5279,
        "proceedsFromDisposalOfPropertyAndEquipment": 1810,
        "lossGainOnDisposalOfPropertyAndEquipment": null,
        "changesInNonCashInvestingWorkingCapital": null,
        "cashUsedInInvestingActivities": -3469
      },
      "financingActivities": {
        "proceedsFromLoansAndBorrowings": 5561,
        "repaymentsOfLoansAndBorrowings": -8674,
        "principalPaymentsOfLeaseLiabilities": -8464,
        "interestPaid": -4458,
        "repaymentsOfOtherLiabilities": -1017,
        "financingCharges": -294,
        "repurchaseOfCommonShares": null,
        "changesInNonCashFinancingWorkingCapital": 30,
        "cashUsedInFinancingActivities": -17316
      },
      "effectOfForeignCurrencyTranslationOnCash": -410,
      "decreaseIncreaseInCash": -4567,
      "cashBankIndebtednessBeginning": 2174,
      "cashBankIndebtednessEnd": -2393
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": null,
      "classesOfShares": ["Common"],
      "warrants": [],
      "options": [
        {
          "number": 3840000,
          "exercisePrice": null,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": "Convertible debenture of $12,942 thousand, not converted as of reporting date."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officer of the Company",
          "description": "Lease liabilities for facilities",
          "amount": 400,
          "period": "Nine months ended September 30, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]