None
SEDAR Interim Financial Statements
WFC · Price
[
{
"companyName": "Wall Financial Corporation",
"reportingPeriodEnd": "2025-10-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"propertyPlantAndEquipment": 102042329,
"propertiesUnderDevelopmentForSale": 206690963,
"otherNonCurrentAssets": 105253,
"deferredTaxAsset": 98126,
"nonCurrentAssets": 938203253,
"currentPortionOfPropertiesUnderDevelopmentForSale": 9151656,
"otherAssets": 3769941,
"incomeTaxesReceivable": 324332,
"amountsReceivable": 8655953,
"cashAndCashEquivalents": 13057716,
"currentAssets": 34959598,
"totalAssets": 973162851,
"mortgagesPayable": 405264509,
"deferredTaxLiabilities": 14516538,
"nonCurrentLiabilities": 419781047,
"currentPortionOfMortgagesPayable": 68840837,
"incomeTaxesPayable": 2139587,
"accountsPayableAndAccruedLiabilities": 18885930,
"deferredRevenue": 10099658,
"depositsOnRealEstateSales": null,
"bankAndOtherIndebtedness": 142455155,
"loanFromShareholder": 50000000,
"currentLiabilities": 292421167,
"totalLiabilities": 712202214,
"shareCapital": 24099401,
"contributedSurplus": 370000,
"retainedEarnings": 184809071,
"equityAttributableToShareholders": 209278472,
"nonControllingInterest": 51682165,
"totalEquity": 260960637,
"cashPerShare": 0.4073,
"workingCapitalPerShare": -1.3262
},
"incomeStatement": {
"revenue": 143321018,
"costOfSalesAndOperatingExpenses": 74583461,
"grossProfit": 68737557,
"generalAndAdministrative": 2395910,
"depreciation": 8612188,
"totalExpenses": 11008098,
"investmentAndOtherIncome": -1398813,
"financeExpense": 18251419,
"netFinanceExpense": 16852606,
"earningsBeforeIncomeTaxes": 40876853,
"currentIncomeTaxExpense": 10298413,
"deferredIncomeTaxExpense": 986831,
"totalIncomeTaxExpense": 11285244,
"netEarningsAndComprehensiveIncome": 29591609,
"netEarningsAttributableToShareholders": 30271243,
"nonControllingInterests": -679634,
"basicAndDilutedEarningsPerShare": 0.94,
"weightedAverageSharesOutstanding": 32053725
},
"cashFlowStatement": {
"operatingActivities": {
"netEarnings": 29591609,
"adjustmentsForItemsNotInvolvingCash": {
"depreciation": 8612188,
"deferredIncomeTaxExpense": 986831,
"currentIncomeTaxExpense": 10298413,
"financeExpense": 18251419
},
"totalAdjustments": 67740460,
"recoveryOfCostsThroughRealEstateSales": 9389448,
"additionsToDevelopmentProperties": -9451279,
"interestPaid": -19923583,
"incomeTaxesPaid": -9128403,
"depositsOnRealEstateSales": -281053,
"changesInNonCashOperatingWorkingCapital": {
"amountsReceivable": 1488788,
"accountsPayableAndAccruedLiabilities": -6189569,
"deferredRevenue": 75813,
"inventory": 14296,
"depositsAndPrepaids": -1280093
},
"totalCashProvidedByOperatingActivities": 32454825
},
"investingActivities": {
"additionsToInvestmentProperties": -42471904,
"acquisitionOfInvestmentProperties": -5857448,
"changesInNonCashWorkingCapitalRelatedToInvestingActivities": -7961213,
"additionsToPropertyPlantAndEquipment": -1706189,
"additionsToOtherNonCurrentAssets": -118494,
"totalCashUsedInInvestingActivities": -58115248
},
"financingActivities": {
"proceedsFromLoanFromShareholder": null,
"repaymentOfLoanFromShareholder": null,
"paymentOfFinancingFees": -890189,
"proceedsFromMortgagesPayable": 150000000,
"repaymentOfMortgagesPayable": -52421755,
"proceedsFromBankAndOtherIndebtedness": 55153090,
"repaymentOfBankAndOtherIndebtedness": -124200000,
"contributionsFromNonControllingInterest": 2817143,
"distributionsToNonControllingInterest": -642837,
"shareRepurchase": -1906954,
"totalCashProvidedByFinancingActivities": 27908498
},
"increaseDecreaseInCashAndCashEquivalents": 2248075,
"cashAndCashEquivalentsBeginningOfPeriod": 10809641,
"cashAndCashEquivalentsEndOfPeriod": 13057716
},
"investmentsAndOtherAssets": [
{
"type": "Investment Properties",
"description": "Revenue-producing residential and commercial properties",
"ownershipPercentage": null,
"value": 629266582,
"notes": "Includes properties held for rental income"
},
{
"type": "Properties Under Development",
"description": "Residential housing for re-sale",
"ownershipPercentage": null,
"value": 206690963,
"notes": "Non-current portion; current portion is $9,151,656"
},
{
"type": "Joint Ventures",
"description": "Interests in joint ventures",
"ownershipPercentage": null,
"value": null,
"notes": "Mentioned in Note 1 but not quantified in balance sheet"
}
],
"shareStructure": {
"authorizedShares": null,
"issuedShares": null,
"classesOfShares": ["Common Shares"],
"warrants": [],
"options": [],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company owned by significant shareholder",
"description": "Loan from shareholder at 6.5% interest",
"amount": 50000000,
"period": "2025-10-31"
},
{
"counterparty": "Former employee and director",
"description": "Purchase of 80,000 Common Shares at $19 per share",
"amount": 1520000,
"period": "2024-06-19"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-11-01 to 2025-12-12",
"description": "Purchased 16,500 Common Shares at weighted average price of $16.18 per share and cancelled 11,500 Common Shares under 2025 NCIB",
"impactValue": null
}
]
}
]
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May 15, 2026 · 05:00