SEDAR Interim Financial Statements

[
  {
    "companyName": "TERRAVEST INDUSTRIES INC.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 15863,
      "accountsReceivable": 183006,
      "incomeTaxesReceivable": 8166,
      "inventories": 352128,
      "otherCurrentAssets": 24756,
      "totalCurrentAssets": 583919,
      "financeLeasesReceivable": 4567,
      "propertyPlantAndEquipment": 314110,
      "rightOfUseAssets": 216925,
      "intangibleAssets": 369148,
      "netDefinedBenefitAsset": 12739,
      "deferredIncomeTaxAssets": 10863,
      "investments": 62106,
      "goodwill": 451851,
      "totalNonCurrentAssets": 1442309,
      "totalAssets": 2026228,
      "accountsPayableAndAccruedLiabilities": 147209,
      "customerDeposits": 106543,
      "dividendsPayable": 4337,
      "incomeTaxesPayable": 843,
      "contingentConsiderations": 5150,
      "currentPortionOfLongTermDebt": 105609,
      "currentPortionOfLeaseLiabilities": 15943,
      "totalCurrentLiabilities": 385634,
      "longTermDebt": 588509,
      "leaseLiabilities": 216901,
      "contingentConsiderationsNonCurrent": 1150,
      "netDefinedBenefitLiability": 4578,
      "deferredIncomeTaxLiabilities": 38820,
      "totalNonCurrentLiabilities": 849958,
      "totalLiabilities": 1235592,
      "shareCapital": 563988,
      "sharePremium": -10748,
      "shareBasedPaymentsReserve": 1460,
      "accumulatedOtherComprehensiveIncomeLoss": -9950,
      "retainedEarnings": 199581,
      "totalShareholdersEquity": 744331,
      "nonControllingInterests": 46305,
      "totalEquity": 790636,
      "totalLiabilitiesAndEquity": 2026228,
      "cashPerShare": 0.7313,
      "workingCapitalPerShare": 9.1421
    },
    "incomeStatement": {
      "salesProducts": 348680,
      "salesServices": 59670,
      "totalSales": 408350,
      "costOfSales": 305665,
      "grossProfit": 102685,
      "administrationExpense": 59704,
      "sellingExpense": 12188,
      "financingCosts": 15607,
      "otherGainsLosses": -34878,
      "totalExpenses": 52621,
      "earningsBeforeIncomeTaxes": 50064,
      "incomeTaxExpenseCurrent": 9521,
      "incomeTaxExpenseDeferred": 5312,
      "totalIncomeTaxExpense": 14833,
      "netIncome": 35231,
      "netIncomeAttributableToCommonShareholders": 33210,
      "netIncomeAttributableToNonControllingInterests": 2021,
      "weightedAverageSharesOutstandingBasic": 21685695,
      "weightedAverageSharesOutstandingDiluted": 22178026,
      "netIncomePerShareBasic": 1.53,
      "netIncomePerShareDiluted": 1.50
    },
    "cashFlowStatement": {
      "netIncome": 35231,
      "adjustmentsForCurrentIncomeTaxExpense": 9521,
      "adjustmentsForInterestExpense": 15124,
      "adjustmentsForItemsNotAffectingCash": 8048,
      "interestPaid": -15541,
      "netIncomeTaxesPaid": -7665,
      "contributionsToPostEmploymentBenefitsPlans": -31,
      "settlementOfDerivativeFinancialInstruments": 1002,
      "changeInNonCashOperatingWorkingCapitalItems": 50859,
      "cashFromOperatingActivities": 96548,
      "considerationPaidOnBusinessCombinationsNetOfCashAcquired": -2372,
      "purchaseOfOtherPropertyPlantAndEquipment": -19340,
      "proceedsFromDisposalOfOtherPropertyPlantAndEquipment": 1798,
      "purchaseOfPropertyPlantAndEquipmentForRental": -2657,
      "proceedsFromDisposalOfPropertyPlantAndEquipmentForRental": 586,
      "purchaseOfIntangibleAssets": -170,
      "proceedsFromDisposalOfIntangibleAssets": 66,
      "investments": -10021,
      "netChangeInNonControllingInterest": -268,
      "cashFromInvestingActivities": -32378,
      "netChangeInLongTermRevolvingOperatingLoansNetOfTransactionCosts": -50646,
      "issuanceOfLongTermDebt": 0,
      "repaymentOfLongTermDebt": -2140,
      "repaymentOfLeaseLiabilities": -3759,
      "dividendsPaid": -3795,
      "cashFromFinancingActivities": -60340,
      "netInflowsOutflowsForThePeriod": 3830,
      "cashBeginningOfYear": 13946,
      "impactOfForeignExchangeOnCash": -1913,
      "cashEndOfPeriod": 15863
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in associate",
        "description": "At equity method",
        "ownershipPercentage": null,
        "value": 1233,
        "notes": ""
      },
      {
        "type": "Investment in joint ventures",
        "description": "At equity method",
        "ownershipPercentage": null,
        "value": 111,
        "notes": ""
      },
      {
        "type": "Investment in equity instruments",
        "description": "At fair value through profit or loss",
        "ownershipPercentage": null,
        "value": 54257,
        "notes": "Classified in Level 1 of the fair value hierarchy"
      },
      {
        "type": "Investment in a limited partnership",
        "description": "At fair value through profit or loss",
        "ownershipPercentage": null,
        "value": 6505,
        "notes": "Classified in Level 3 of the fair value hierarchy"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": null,
      "classesOfShares": ["Common shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "January 2026",
        "description": "A subsidiary of TerraVest entered into a share purchase agreement to purchase all the issued and outstanding shares of KBK Industries, LLC (KBK). Total consideration US$90,000 paid using the revolving operating credit facility. Initial accounting remains incomplete.",
        "impactValue": null
      },
      {
        "eventDate": "After December 31, 2025",
        "description": "TerraVest declared a cash dividend of $0.20 per common share payable on April 10, 2026 to shareholders of record on March 31, 2026.",
        "impactValue": null
      }
    ]
  }
]