None
SEDAR Interim Financial Statements
XX · Price
[
{
"companyName": "Avante Corp.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"comparativeAsOf": "2025-03-31",
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},
"totalAssets": 23001997
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"totalLiabilities": 10163632
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"equity": {
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"deficit": -19991248,
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"derivedMetrics": {
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},
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{
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"incomeLossBeforeOtherIncomeAndExpensesAndReorganizationAndAcquisitionCosts": 153468,
"otherIncomeExpenses": {
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"foreignExchangeLoss": 43709,
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"incomeLossBeforeReorganizationAndAcquisitionCosts": 83039,
"reorganizationDevelopmentAndAcquisitionCosts": 0,
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"provisionForIncomeTaxes": {
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},
"netIncomeLossFromContinuingOperations": 83039,
"netIncomeLoss": 83039,
"netIncomeLossAttributableTo": {
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"nonControllingInterests": -9998
},
"otherComprehensiveIncomeLoss": {
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"total": -49124
},
"totalComprehensiveIncomeLoss": 33915,
"weightedAverageSharesOutstanding": 26648739,
"basicAndDilutedEarningsLossPerShare": 0.003
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{
"period": "sixMonthsEndedSep302025",
"revenuesFromContinuingOperations": 17626299,
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"merchantTransactionFeesAndBankCharges": 238195,
"shareBasedPayments": 32495,
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},
"incomeLossBeforeOtherIncomeAndExpensesAndReorganizationAndAcquisitionCosts": 236474,
"otherIncomeExpenses": {
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"interestExpense": 155106,
"foreignExchangeLoss": 87875,
"totalOtherIncomeExpenses": 124686
},
"incomeLossBeforeReorganizationAndAcquisitionCosts": 111787,
"reorganizationDevelopmentAndAcquisitionCosts": 0,
"incomeLossBeforeIncomeTaxes": 111787,
"provisionForIncomeTaxes": {
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"total": 17473
},
"netIncomeLossFromContinuingOperations": 94314,
"netIncomeLoss": 94314,
"netIncomeLossAttributableTo": {
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"nonControllingInterests": -18460
},
"otherComprehensiveIncomeLoss": {
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"total": -44985
},
"totalComprehensiveIncomeLoss": 49329,
"weightedAverageSharesOutstanding": 26648739,
"basicAndDilutedEarningsLossPerShare": 0.004
}
],
"cashFlowStatement": [
{
"period": "threeMonthsEndedSep302025",
"operatingActivities": {
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"adjustments": {
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"interestOnBankLoansAndLeases": 56214,
"depreciationOnCapitalAssets": 233807,
"amortizationOfIntangibleAssets": 165979,
"amortizationOfCapitalizedCommission": 0,
"provisionForIncomeTax": -2268,
"totalAdjustments": 694511
},
"netChangeInNonCashWorkingCapital": -274644,
"cashFromUsedInContinuingOperations": 419867,
"netCashFromUsedInOperatingActivities": 419867
},
"financingActivities": {
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"interestOnBankLoansAndLeases": -52532,
"cashFromUsedInContinuingOperations": 96251,
"netCashFromUsedInFinancingActivities": 96251
},
"investingActivities": {
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"purchaseOfCapitalAssets": -339783,
"disposalOfCapitalAssets": -73514,
"additionsToLeases": -409580,
"cashFromUsedInContinuingOperations": -923603,
"netCashFromUsedInInvestingActivities": -923603
},
"increaseDecreaseInCash": -407484,
"cashAndCashEquivalentsBeginning": 4711671,
"unrealizedForeignExchangeGainOnCashAndCashEquivalents": -23366,
"cashAndCashEquivalentsEnd": 4280821
},
{
"period": "sixMonthsEndedSep302025",
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"amortizationOfCapitalizedCommission": 0,
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},
"netChangeInNonCashWorkingCapital": -437079,
"cashFromUsedInContinuingOperations": 723924,
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},
"financingActivities": {
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},
"investingActivities": {
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"increaseDecreaseInCash": -397682,
"cashAndCashEquivalentsBeginning": 4723488,
"unrealizedForeignExchangeGainOnCashAndCashEquivalents": -44985,
"cashAndCashEquivalentsEnd": 4280821
}
],
"investmentsAndOtherAssets": [
{
"type": "Subsidiary",
"description": "Avante Security Inc.",
"ownershipPercentage": 100,
"value": null,
"notes": "100% owned, provides premium security services in Toronto and Muskoka, Ontario."
},
{
"type": "Subsidiary",
"description": "Avante International Inc.",
"ownershipPercentage": 100,
"value": null,
"notes": "100% owned, used to acquire NSSG."
},
{
"type": "Subsidiary",
"description": "Avante Holding Corp.",
"ownershipPercentage": 100,
"value": null,
"notes": "100% owned, holds 51% interest in The Reserve."
},
{
"type": "Joint Venture/Controlled Entity",
"description": "North Star Support Group S.R.L. (NSSG)",
"ownershipPercentage": 55,
"value": null,
"notes": "55% controlling interest acquired October 1, 2023. International risk management and security company."
},
{
"type": "Joint Venture/Controlled Entity",
"description": "The Reserve Inc. (formerly ToyBoxx Inc.)",
"ownershipPercentage": 51,
"value": null,
"notes": "51% owned, provides auto storage services in Toronto."
},
{
"type": "Marketable Securities",
"description": "Guaranteed Investment Certificates (GICs)",
"ownershipPercentage": null,
"value": 2234959,
"notes": "One-year, cashable GICs held with Canadian banks. Part of cash and cash equivalents."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 26648739,
"classesOfShares": ["Common Shares"],
"warrants": [],
"options": [
{
"number": 200000,
"exercisePrice": 1.58,
"expiryDate": "2027-04-28"
},
{
"number": 200000,
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"expiryDate": "2027-04-28"
},
{
"number": 200000,
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{
"number": 100000,
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{
"number": 250000,
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{
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{
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{
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{
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{
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],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": [
{
"period": "sixMonthsEndedSep302025",
"salariesAndShortTermBenefits": 350631,
"bonusShortTermAndLongTerm": 146813,
"directorFees": 100000,
"shareBasedPayments": 17344,
"total": 614787
},
{
"period": "sixMonthsEndedSep302024",
"salariesAndShortTermBenefits": 339952,
"bonusShortTermAndLongTerm": 380102,
"directorFees": 100000,
"shareBasedPayments": 43043,
"total": 863097
}
],
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Private company controlled by significant shareholder/officer",
"description": "Consulting services",
"amount": 0,
"period": "sixMonthsEndedSep302025"
},
{
"counterparty": "Family member of significant shareholder/officer",
"description": "Sales services",
"amount": 57387,
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},
{
"counterparty": "Family member of significant shareholder/officer",
"description": "Strategic consulting services",
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"period": "sixMonthsEndedSep302025"
},
{
"counterparty": "Affiliates of Fairfax Financial Holdings Limited",
"description": "Standby fee on undrawn $10M loan facility",
"amount": 26359,
"period": "sixMonthsEndedSep302025"
}
]
},
"subsequentEvents": []
}
]
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