Earnings
Jemtec earns $137,711 in fiscal 2025
JTC · Price
Executive Summary
- Jemtec Inc. reports a 9.6 % increase in revenues for the fiscal year ended July 31, 2025, driven by expansion of its contract with the Province of Saskatchewan.
- Net income rose to $137,711 (up from $90,301 YoY), reflecting higher revenue and modest expense growth.
- The company ends the period debt‑free with cash & cash equivalents of $2.51 M and working capital of $2.43 M, indicating strong liquidity.
Key Details
- Revenue: Up 9.6 % YoY for FY2025; growth attributed to expanded agreements with the Province of Saskatchewan and the CSC, interest on cash balances, and fees from private bail clients.
- Expenses: Increased 3 % YoY; notable fluctuations in professional fees, share‑based payments, and office costs.
- Income Tax: Current tax expense $50,000 (2024: $30,534); no deferred tax expense for FY2025 (2024 had a $2,000 recovery).
- Net Income: $137,711 for FY2025 vs. $90,301 in FY2024.
- Liquidity: Cash & cash equivalents of $2,508,060; working capital of $2,426,813 as of July 31, 2025, all held with a Schedule 1 Canadian bank.
- Capital Structure: No debt outstanding; strong balance sheet.
Notable Quotes
“We are pleased with this fiscal year's progress, and we continue to see the company well positioned to grow its core business.” – Eric Caton, President & CEO.