None
SEDAR Interim Financial Statements
RAY · Price
[
{
"companyName": "Stingray Group Inc.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": 17332,
"tradeAndOtherReceivables": 150276,
"incomeTaxesReceivable": 658,
"inventories": 5046,
"prepaidExpensesAndDeposits": 18167,
"totalCurrentAssets": 191479,
"propertyAndEquipment": 34909,
"rightOfUseAssetsOnLeases": 21785,
"intangibleAssetsExcludingBroadcastLicences": 279580,
"broadcastLicences": 273017,
"goodwill": 332781,
"investments": 4941,
"otherNonCurrentAssets": 3664,
"deferredTaxAssets": 9486,
"totalNonCurrentAssets": 960163,
"totalAssets": 1151642,
"creditFacilitiesCurrent": 20565,
"accountsPayableAndAccruedLiabilities": 170135,
"dividendPayable": 0,
"deferredRevenues": 8402,
"currentPortionOfLeaseLiabilities": 5227,
"currentPortionOfOtherLiabilities": 51325,
"incomeTaxesPayable": 13060,
"totalCurrentLiabilities": 268714,
"creditFacilitiesNonCurrent": 499093,
"deferredRevenuesNonCurrent": 34,
"leaseLiabilitiesNonCurrent": 18733,
"otherLiabilitiesNonCurrent": 17746,
"deferredTaxLiabilities": 62153,
"totalNonCurrentLiabilities": 597759,
"totalLiabilities": 866473,
"shareCapital": 293765,
"contributedSurplus": 4887,
"deficit": -22595,
"accumulatedOtherComprehensiveIncome": 9112,
"totalEquity": 285169,
"totalLiabilitiesAndEquity": 1151642,
"cashPerShare": 0.2521,
"workingCapitalPerShare": -1.1376
},
"incomeStatement": {
"revenues": 333742,
"operatingExpenses": 238450,
"depreciationAmortizationAndWriteOff": 23122,
"netFinanceExpense": 6869,
"changeInFairValueOfInvestments": 32,
"shareOfResultsOfInvestmentsInAssociates": 562,
"acquisitionLegalRestructuringAndOtherExpenses": 13719,
"lossOnDisposalOfInvestments": 1265,
"incomeBeforeIncomeTaxes": 49723,
"incomeTaxes": 13674,
"netIncome": 36049,
"netIncomePerShareBasic": 0.53,
"netIncomePerShareDiluted": 0.52,
"weightedAverageSharesOutstandingBasic": 67935568,
"weightedAverageSharesOutstandingDiluted": 68757211
},
"cashFlowStatement": {
"netIncome": 36049,
"adjustmentsForDepreciationAmortizationAndWriteOff": 23122,
"lossOnDisposalOfInvestments": 1265,
"shareBasedCompensationPsuAndDsuExpenses": 22403,
"interestExpenseAndStandbyFees": 14120,
"changeInFairValueOfDerivativeFinancialInstruments": -5213,
"changeInFairValueOfInvestments": 32,
"shareOfResultsOfJointVentures": -28,
"equityLossGainOnAssociates": 562,
"changeInFairValueOfContingentConsideration": -2250,
"accretionExpense": 508,
"interestExpenseOnLeaseLiabilities": 1022,
"incomeTaxExpense": 13674,
"incomeTaxesPaid": -6501,
"netChangeInNonCashOperatingItems": -17432,
"cashFlowFromOperatingActivities": 81333,
"increaseOfCreditFacilities": 178798,
"decreaseOfSubordinatedDebt": 0,
"paymentOfDividends": -15959,
"sharesRepurchasedAndCancelled": -10017,
"proceedsFromExerciseOfStockOptions": 5639,
"sharesPurchasedUnderEmployeeSharePurchasePlan": -415,
"interestPaid": -14680,
"deferredFinancingFees": -902,
"repaymentOfLeaseLiabilities": -3377,
"repaymentOfOtherLiabilities": -4090,
"unwindOfInterestRateSwaps": 0,
"cashFlowFromFinancingActivities": 134997,
"businessAcquisitionsNetOfCashAcquired": -202482,
"acquisitionOfInvestments": -55,
"disposalOfNonCoreAssets": 821,
"acquisitionOfInvestmentsInAssociates": -24,
"acquisitionOfInvestmentsInJointVentures": 0,
"acquisitionOfPropertyAndEquipment": -5621,
"acquisitionOfIntangibleAssetsOtherThanInternallyDeveloped": -1152,
"additionToInternallyDevelopedIntangibleAssets": -4359,
"cashFlowFromInvestingActivities": -212872,
"effectOfForeignExchangeDifferenceOnCashAndCashEquivalents": -110,
"netIncreaseInCashAndCashEquivalents": 3348,
"cashAndCashEquivalentsBeginningOfPeriod": 13984,
"cashAndCashEquivalentsEndOfPeriod": 17332
},
"investmentsAndOtherAssets": [
{
"type": "Investments",
"description": "Equity instruments in private entities at fair value",
"ownershipPercentage": null,
"value": 4941,
"notes": "Estimated using market comparison technique based on market multiples derived from quoted price of comparable companies and expected EBITDA."
},
{
"type": "Investments in Associates",
"description": "Share of results of investments in associates",
"ownershipPercentage": null,
"value": null,
"notes": "Reported share of results: $562 for nine-month period."
},
{
"type": "Joint Ventures",
"description": "Share of results of joint ventures",
"ownershipPercentage": null,
"value": null,
"notes": "Reported share of results: -$28 for nine-month period."
}
],
"shareStructure": {
"authorizedShares": "Unlimited subordinate voting, variable subordinate voting, multiple voting, special, and preferred shares",
"issuedShares": 68058591,
"classesOfShares": [
"Subordinate voting shares",
"Variable subordinate voting shares",
"Multiple voting shares (10 votes per share)"
],
"warrants": [],
"options": [
{
"number": 2062886,
"exercisePrice": null,
"expiryDate": null
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"Q3 2026": {
"shareBasedCompensation": 195,
"performanceAndDeferredShareUnitExpense": 13955,
"total": 14150
},
"YTD 2026": {
"shareBasedCompensation": 102,
"performanceAndDeferredShareUnitExpense": 22301,
"total": 22403
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": "2026-02-10",
"description": "Declared a dividend of $0.085 per subordinate voting share, variable subordinate voting share and multiple voting share. Payable on or around March 13, 2026 to shareholders on record as of February 27, 2026.",
"impactValue": null
}
]
}
]
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