Financial Statements — NFGC
Balance Sheet
(in millions CAD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 58.84 | 22.32 | 53.88 | 82.17 | 100.48 |
| Inventory | 8.82 | -- | -- | -- | -- |
| Total Current Assets | 84.23 | 29.75 | 62.38 | 94.33 | 136.52 |
| Goodwill | 121.07 | -- | -- | -- | -- |
| Total Non-current Assets* | 451.90 | 44.27 | 22.20 | 16.35 | 11.54 |
| Total Assets | 536.13 | 74.02 | 84.58 | 110.69 | 148.06 |
| Total Current Liabilities | 21.67 | 7.38 | 19.01 | 27.14 | 12.76 |
| Total Non-current Liabilities* | 95.36 | 0.07 | 0.07 | 0.07 | 12.65 |
| Total Liabilities | 117.03 | 7.45 | 19.08 | 27.21 | 25.40 |
| Retained Earnings | (357.34) | (309.76) | (259.50) | (179.61) | (89.62) |
| Total Stockholder Equity | 419.10 | 66.57 | 65.50 | 83.47 | 122.65 |
* Derived from reported values
Income Statement
(in millions CAD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 5.81 | -- | -- | -- | -- |
| Cost of Revenue* | 5.69 | -- | -- | -- | -- |
| Gross Profit | 0.12 | -- | -- | -- | -- |
| Selling, General & Admin | 11.66 | -- | 0.86 | 0.68 | 0.51 |
| Total Operating Expenses | 5.67 | -- | -- | -- | -- |
| Operating Income | (63.99) | (60.32) | (103.47) | (88.72) | (56.66) |
| Interest Expense | -- | 0.03 | 0.03 | 0.02 | 0.01 |
| Pretax Income | (47.97) | -- | -- | -- | -- |
| Tax Provision | (0.39) | -- | 0.00 | 0.00 | 0.00 |
| Net Income | (47.57) | (50.27) | (79.89) | (89.99) | (50.64) |
| Basic EPS | (0.20) | (0.26) | (0.45) | (0.54) | (0.33) |
| Diluted EPS | (0.20) | (0.26) | (0.45) | (0.54) | (0.33) |
* Derived from reported values
Cash Flow Statement
(in millions CAD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | (55.15) | (55.68) | (99.27) | (74.38) | (48.51) |
| Investing Cash Flow | 9.26 | (3.01) | (4.44) | (0.74) | (17.07) |
| Financing Cash Flow | 82.43 | 27.12 | 75.43 | 56.80 | 118.34 |
