SEDAR Interim Financial Statements

[
  {
    "companyName": "Wajax Corporation",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 0,
      "tradeAndOtherReceivables": 287507,
      "contractAssets": 61261,
      "inventory": 605685,
      "depositsOnInventory": 17214,
      "leaseReceivablesCurrent": 10005,
      "incomeTaxesReceivable": 0,
      "prepaidExpenses": 14904,
      "derivativeFinancialAssetsCurrent": 4993,
      "totalCurrentAssets": 1001569,
      "rentalEquipment": 43326,
      "propertyPlantAndEquipment": 44961,
      "rightOfUseAssets": 151616,
      "leaseReceivables": 15799,
      "goodwillAndIntangibleAssets": 178761,
      "derivativeFinancialAssets": 1133,
      "totalNonCurrentAssets": 435596,
      "totalAssets": 1437165,
      "bankIndebtedness": 551,
      "accountsPayableAndAccruedLiabilities": 364852,
      "provisionsCurrent": 7291,
      "contractLiabilities": 21131,
      "dividendsPayable": 7611,
      "incomeTaxesPayable": 5154,
      "leaseLiabilitiesCurrent": 42464,
      "debenturesCurrent": 0,
      "derivativeFinancialLiabilitiesCurrent": 2295,
      "totalCurrentLiabilities": 451349,
      "deferredTaxLiabilities": 6280,
      "employeeBenefits": 4085,
      "derivativeFinancialLiabilities": 1697,
      "leaseLiabilities": 157714,
      "longTermDebt": 280067,
      "otherLiabilities": 3416,
      "totalNonCurrentLiabilities": 453259,
      "totalLiabilities": 904608,
      "shareCapital": 210961,
      "contributedSurplus": 8569,
      "retainedEarnings": 312644,
      "accumulatedOtherComprehensiveIncome": 383,
      "totalShareholdersEquity": 532557,
      "totalLiabilitiesAndEquity": 1437165,
      "cashPerShare": 0,
      "workingCapitalPerShare": 0.0253
    },
    "incomeStatement": [
      {
        "period": "Three months ended September 30, 2025",
        "revenue": 483145,
        "costOfSales": 382824,
        "grossProfit": 100321,
        "sellingAndAdministrativeExpenses": 70785,
        "restructuringAndOtherRelatedCosts": 0,
        "earningsBeforeFinanceCostsAndIncomeTaxes": 29536,
        "financeCosts": 6823,
        "earningsBeforeIncomeTaxes": 22713,
        "incomeTaxExpense": 5983,
        "netEarnings": 16730,
        "basicEarningsPerShare": 0.77,
        "dilutedEarningsPerShare": 0.75
      },
      {
        "period": "Nine months ended September 30, 2025",
        "revenue": 1585253,
        "costOfSales": 1274475,
        "grossProfit": 310778,
        "sellingAndAdministrativeExpenses": 223549,
        "restructuringAndOtherRelatedCosts": 3846,
        "earningsBeforeFinanceCostsAndIncomeTaxes": 83383,
        "financeCosts": 22131,
        "earningsBeforeIncomeTaxes": 61252,
        "incomeTaxExpense": 15919,
        "netEarnings": 45333,
        "basicEarningsPerShare": 2.08,
        "dilutedEarningsPerShare": 2.04
      }
    ],
    "cashFlowStatement": [
      {
        "period": "Three months ended September 30, 2025",
        "operatingActivities": {
          "netEarnings": 16730,
          "depreciationAndAmortizationRentalEquipment": 3150,
          "depreciationAndAmortizationPropertyPlantAndEquipment": 2513,
          "depreciationAndAmortizationRightOfUseAssets": 8988,
          "depreciationAndAmortizationIntangibleAssets": 1561,
          "lossOnDisposalOfPropertyPlantAndEquipment": 172,
          "gainOnDisposalOfRightOfUseAssets": -15,
          "shareBasedCompensationExpense": 1873,
          "nonCashIncomeFromFinanceLeases": -738,
          "employeeBenefitsExpenseNetOfEmployerContributions": -9,
          "gainOnForeignExchangeForwardsAndTotalReturnSwaps": -1096,
          "financeCosts": 6823,
          "incomeTaxExpense": 5983,
          "totalItemsNotAffectingCash": 45935,
          "changesInNonCashOperatingWorkingCapital": -16440,
          "rentalEquipmentAdditions": -272,
          "otherNonCurrentLiabilities": 156,
          "cashPaidReceivedOnSettlementOfTotalReturnSwaps": 0,
          "financeCostsPaidOnDebts": -3806,
          "financeCostsPaidOnLeaseLiabilities": -2724,
          "interestCollectedOnLeaseReceivables": 321,
          "incomeTaxesPaid": -4701,
          "cashGeneratedFromOperatingActivities": 18469
        },
        "investingActivities": {
          "propertyPlantAndEquipmentAdditions": -1230,
          "proceedsOnDisposalOfPropertyPlantAndEquipment": 110,
          "intangibleAssetNetDisposalsAdditions": 960,
          "collectionOfLeaseReceivables": 2864,
          "postAcquisitionSettlementPaymentsNetOfReceipts": 0,
          "cashGeneratedFromInvestingActivities": 2704
        },
        "financingActivities": {
          "netIncreaseDecreaseInBankDebt": 1028,
          "repaymentOfDebentures": 0,
          "purchaseOfSharesHeldInTrust": 0,
          "transactionCostsOnDebts": 0,
          "paymentOfLeaseLiabilities": -11623,
          "paymentOfContingentConsideration": -2653,
          "paymentOfTaxWithholdingForShareBasedCompensation": 0,
          "dividendsPaid": -7611,
          "cashUsedInFinancingActivities": -20859
        },
        "changeInCash": 314,
        "bankIndebtednessCashBeginningOfPeriod": -865,
        "bankIndebtednessEndOfPeriod": -551
      },
      {
        "period": "Nine months ended September 30, 2025",
        "operatingActivities": {
          "netEarnings": 45333,
          "depreciationAndAmortizationRentalEquipment": 9751,
          "depreciationAndAmortizationPropertyPlantAndEquipment": 6917,
          "depreciationAndAmortizationRightOfUseAssets": 25295,
          "depreciationAndAmortizationIntangibleAssets": 4759,
          "lossOnDisposalOfPropertyPlantAndEquipment": -59,
          "gainOnDisposalOfRightOfUseAssets": 3,
          "shareBasedCompensationExpense": 4973,
          "nonCashIncomeFromFinanceLeases": -1333,
          "employeeBenefitsExpenseNetOfEmployerContributions": -2496,
          "gainOnForeignExchangeForwardsAndTotalReturnSwaps": -995,
          "financeCosts": 22131,
          "incomeTaxExpense": 15919,
          "totalItemsNotAffectingCash": 130198,
          "changesInNonCashOperatingWorkingCapital": 18295,
          "rentalEquipmentAdditions": -3812,
          "otherNonCurrentLiabilities": 156,
          "cashPaidReceivedOnSettlementOfTotalReturnSwaps": -415,
          "financeCostsPaidOnDebts": -15888,
          "financeCostsPaidOnLeaseLiabilities": -8171,
          "interestCollectedOnLeaseReceivables": 994,
          "incomeTaxesPaid": -8857,
          "cashGeneratedFromOperatingActivities": 112500
        },
        "investingActivities": {
          "propertyPlantAndEquipmentAdditions": -6164,
          "proceedsOnDisposalOfPropertyPlantAndEquipment": 630,
          "intangibleAssetNetDisposalsAdditions": 0,
          "collectionOfLeaseReceivables": 7756,
          "postAcquisitionSettlementPaymentsNetOfReceipts": -2785,
          "cashUsedInInvestingActivities": -563
        },
        "financingActivities": {
          "netIncreaseDecreaseInBankDebt": -2114,
          "repaymentOfDebentures": -57000,
          "purchaseOfSharesHeldInTrust": -1375,
          "transactionCostsOnDebts": 0,
          "paymentOfLeaseLiabilities": -32676,
          "paymentOfContingentConsideration": -3303,
          "paymentOfTaxWithholdingForShareBasedCompensation": -494,
          "dividendsPaid": -22877,
          "cashUsedInFinancingActivities": -119839
        },
        "changeInCash": -7902,
        "bankIndebtednessCashBeginningOfPeriod": 7351,
        "bankIndebtednessEndOfPeriod": -551
      }
    ],
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 21908689,
      "classesOfShares": ["common", "preferred"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "Three months ended September 30, 2025",
          "treasuryShareUnitsPlans": 266,
          "marketPurchasedShareUnitsPlans": 637,
          "cashSettledUnitsPlans": 970,
          "total": 1873
        },
        {
          "period": "Nine months ended September 30, 2025",
          "treasuryShareUnitsPlans": 783,
          "marketPurchasedShareUnitsPlans": 1870,
          "cashSettledUnitsPlans": 2320,
          "total": 4973
        },
        {
          "period": "Three months ended September 30, 2024",
          "treasuryShareUnitsPlans": 263,
          "marketPurchasedShareUnitsPlans": 492,
          "cashSettledUnitsPlans": 743,
          "total": 1498
        },
        {
          "period": "Nine months ended September 30, 2024",
          "treasuryShareUnitsPlans": 847,
          "marketPurchasedShareUnitsPlans": 1686,
          "cashSettledUnitsPlans": 3258,
          "total": 5791
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-03",
        "description": "Declared a fourth quarter 2025 dividend of $0.35 per share.",
        "impactValue": null
      },
      {
        "eventDate": "2025-10-24",
        "description": "Amended its senior secured bank credit facility to extend the maturity date from October 1, 2027 to October 24, 2029, increased the additional interest-bearing debt limit from $25,000 to $50,000, and changed the margins.",
        "impactValue": null
      }
    ]
  }
]