Cash flow Dundee Corporation

Equities

DC.A

CA2649011095

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 03:59:59 2026-04-10 pm EDT			5-day change	1st Jan Change
4.420 ^CAD	+9.14%		+14.81%	+16.32%

Apr. 10	Scottish man jailed for killing his abused wife who jumped to her death	RE
Apr. 09	Dundee Corporation renews normal course issuer bid on class A subordinate voting shares	RE

c2f3f7ae362e764a9c03122b6.OOSO_EAXboRNP3Z_zjwMCSbbF9YtTqPb1-8_xe8_nQc.bpG6iiVgAOIIeTE3gl1jfG6DVadIPs6hg7pMtZ943mJclM_PGSNd6R1PIw

Published financial data: DUNDEE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	18.45M	8.65M	6.79M	4.63M	5.36M
Total Revenues	18.45M	8.65M	6.79M	4.63M	5.36M
Cost of Goods Sold, Total	10.08M	3.07M	1.96M	1.26M	842K
Gross Profit	8.37M	5.58M	4.83M	3.37M	4.52M
Selling General & Admin Expenses, Total	24.9M	25.34M	16.06M	16.34M	14.95M
Depreciation & Amortization - (IS)	3.01M	1.06M	2.02M	955K	928K
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses, Total	27.91M	26.4M	18.08M	17.3M	15.88M
Operating Income	-19.54M	-20.81M	-13.24M	-13.93M	-11.35M
Interest Expense, Total	-2.07M	-1.03M	-813K	-2.23M	-810K
Net Interest Expenses	-2.07M	-1.03M	-813K	-2.23M	-810K
Income (Loss) On Equity Invest.	4.16M	4.28M	-5.48M	-410K	14.94M
Currency Exchange Gains (Loss)	-55K	928K	190K	257K	-2.41M
Other Non Operating Income (Expenses)	-45.56M	-1.53M	-221K	-	-1.2M
EBT, Excl. Unusual Items	-63.07M	-18.16M	-19.57M	-16.31M	-830K
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-38.46M	53.56M	-20.7M	65.89M	328M
Gain (Loss) On Sale Of Assets	-	-	-	12.77M	-
Asset Writedown	-3.58M	-783K	-	-2.95M	1.12M
Other Unusual Items	11.13M	-	-	-226K	4.53M
EBT, Incl. Unusual Items	-93.98M	34.62M	-40.28M	59.18M	333M
Income Tax Expense	3.08M	5.63M	-1.09M	1.67M	12.29M
Earnings From Continuing Operations	-97.07M	28.99M	-39.18M	57.5M	321M
Earnings Of Discontinued Operations	-3.83M	-13.01M	-248K	-	-
Net Income to Company	-101M	15.99M	-39.43M	57.5M	321M
Minority Interest	7.88M	1.12M	619K	1.61M	-259K
Net Income - (IS)	-93.02M	17.11M	-38.81M	59.11M	321M
Preferred Dividend and Other Adjustments	3.65M	4.29M	-922K	2.35M	-
Net Income to Common Incl Extra Items	-96.66M	12.82M	-37.89M	56.76M	321M
Net Income to Common Excl. Extra Items	-92.83M	25.82M	-37.64M	56.76M	321M
Per Share Items
Net EPS - Basic	-1.09	0.15	-0.43	0.64	3.57
Basic EPS - Continuing Operations	-1.05	0.29	-0.43	0.64	3.57
Basic Weighted Average Shares Outstanding	88.67M	88M	88.4M	89.22M	89.77M
Net EPS - Diluted	-1.09	0.14	-0.43	0.6	3.27
Diluted EPS - Continuing Operations	-1.05	0.28	-0.43	0.6	3.27
Diluted Weighted Average Shares Outstanding	88.67M	92.54M	88.4M	95.12M	98.02M
Normalized Basic EPS	-0.36	-0.12	-0.13	-0.1	-0.01
Normalized Diluted EPS	-0.36	-0.11	-0.13	-0.09	-0.01
Payout Ratio	-3.92	25.08	-13.34	4.01	-
Supplemental Items
EBITDA	-12.76M	-19.75M	-11.76M	-12.97M	-10.43M
EBITA	-19.54M	-20.81M	-11.56M	-13.23M	-11.35M
EBIT	-19.54M	-20.81M	-13.24M	-13.93M	-11.35M
Effective Tax Rate - (Ratio)	-3.28	16.26	2.71	2.83	3.69
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	1.48M	1.45M	2.08M	1.51M	1.04M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.61M	4.18M	-3.18M	165K	11.25M
Normalized Net Income	-31.53M	-10.23M	-11.61M	-8.59M	-778K
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	922K	816K	854K	765K	330K
Supplemental Operating Expense Items
General and Administrative Expenses	24.9M	25.34M	16.06M	16.34M	14.95M
Stock-Based Comp., G&A Exp. (Total)	2.55M	3.38M	2.43M	3.34M	1.99M
Stock-Based Comp., Other (Total)	387K	312K	240K	215K	178K
Total Stock-Based Compensation	2.93M	3.7M	2.67M	3.56M	2.17M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	93.85M	47.18M	26.34M	31.99M	144M
Total Cash And Short Term Investments	93.85M	47.18M	26.34M	31.99M	144M
Accounts Receivable, Total	-	-	1.67M	3.1M	18.48M
Other Receivables	3.91M	3.54M	1.9M	153K	-
Total Receivables	3.91M	3.54M	3.56M	3.26M	18.48M
Inventory	285K	-	-	-	-
Other Current Assets, Total	24.08M	29.22M	17.37M	19.75M	41.65M
Total Current Assets	122M	79.93M	47.27M	55M	204M
Gross Property Plant And Equipment	24.14M	4.4M	3.29M	-	-
Accumulated Depreciation	-12.43M	-890K	-543K	-	-
Net Property Plant And Equipment	11.7M	3.51M	2.74M	2.31M	2.07M
Long-term Investments	214M	286M	238M	221M	403M
Goodwill	-	-	-	-	-
Other Intangibles, Total	5.9M	4.98M	3.3M	-	-667K
Deferred Tax Assets Long-Term	1.61M	-	-	-	-
Other Long-Term Assets, Total	2.94M	-	18.92M	18.92M	18.92M
Total Assets	358M	374M	310M	297M	627M
Liabilities
Accounts Payable, Total	16.09M	10.32M	6.66M	6.28M	6.85M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	-	-	767K	-	186K
Other Current Liabilities	-	1.58M	-	-	-
Total Current Liabilities	16.09M	11.9M	7.43M	6.28M	7.04M
Long-Term Debt	5M	5.73M	19.04M	10.88M	338K
Long-Term Leases	4.2M	2.94M	1.88M	1.75M	1.61M
Deferred Tax Liability Non Current	-	3.25M	-	-	11.47M
Other Non Current Liabilities	-	-	-	-	6.35M
Total Liabilities	25.3M	23.82M	28.36M	18.9M	26.81M
Preferred Stock Redeemable	79.15M	79.15M	46.85M	-	-
Preferred Stock - Others	-1.06M	-1.06M	-1.06M	-	-
Total Preferred Equity	78.09M	78.09M	45.79M	-	-
Common Stock, Total	281M	281M	282M	282M	283M
Additional Paid In Capital	20.5M	23.16M	24.35M	25.73M	25.41M
Retained Earnings	6.55M	19.46M	-18.7M	37.72M	358M
Comprehensive Income and Other	-50.71M	-47.72M	-43.48M	-61.92M	-61.22M
Total Common Equity	257M	276M	244M	284M	606M
Minority Interest	-2.4M	-3.74M	-8.76M	-5.34M	-5.08M
Total Equity	333M	350M	281M	278M	601M
Total Liabilities And Equity	358M	374M	310M	297M	627M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	87.81M	88.08M	89.03M	89.41M	89.98M
ECS Total Common Shares Outstanding	87.81M	88.08M	88.95M	89.38M	90.01M
Book Value / Share	2.93	3.13	2.75	3.17	6.73
Tangible Book Value	251M	271M	241M	284M	606M
Tangible Book Value Per Share	2.86	3.08	2.71	3.17	6.74
Total Debt	9.21M	8.67M	20.92M	12.62M	1.95M
Net Debt	-84.65M	-38.51M	-5.41M	-19.37M	-142M
Minority Interest, Total (Incl. Fin. Div)	-2.4M	-3.74M	-8.76M	-5.34M	-5.08M
Equity Method Investments, Total	31.87M	61.86M	47.56M	62.62M	9.67M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	706K	1.35M	1.35M	-	-
Machinery, Total	17.08M	260K	260K	-	-
Full Time Employees	24	19	19	14	14
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	345K	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-93.02M	17.11M	-38.81M	59.11M	321M
Depreciation & Amortization - CF	6.77M	1.06M	337K	261K	928K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	1.68M	694K	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	6.77M	1.06M	2.02M	955K	928K
(Gain) Loss From Sale Of Asset	-	-	-847K	-12.77M	-
(Gain) Loss on Sale of Investments - (CF)	41.63M	-51.15M	22.6M	-64.54M	-327M
Asset Writedown & Restructuring Costs	30.43M	783K	-	2.95M	-1.12M
(Income) Loss On Equity Investments - (CF)	-4.16M	-4.28M	5.48M	410K	-14.94M
Stock-Based Compensation (CF)	2.55M	3.38M	2.43M	3.34M	1.99M
Net Cash From Discontinued Operations	2.4M	1.03M	-17K	-	-
Other Operating Activities, Total	11.56M	16.32M	-4.91M	-3.02M	8.99M
Change In Accounts Receivable	3.72M	-2.45M	-670K	105K	-1.34M
Change In Inventories	-9.59M	-	-	-	-
Change In Accounts Payable	-3.5M	-2.27M	-3.59M	-64K	575K
Change In Income Taxes	531K	-444K	1.28M	-920K	339K
Change in Other Net Operating Assets	-	-	-	-	692K
Cash from Operations	-10.67M	-20.91M	-15.02M	-14.44M	-10.14M
Capital Expenditure	-871K	-526K	-	-	-22K
Sale of Property, Plant, and Equipment	-	-	581K	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	65.05M	2.27M	-	-256K	-
Investment in Marketable and Equity Securities, Total	-4.21M	-21.81M	9.3M	79.08M	126M
Other Investing Activities, Total	-8.42M	-321K	3.07M	493K	3.11M
Cash from Investing	51.54M	-20.39M	12.94M	79.31M	129M
Long-Term Debt Issued, Total	-	203K	20M	5M	-
Total Debt Issued	-	203K	20M	5M	-
Long-Term Debt Repaid, Total	-25.79M	-1.03M	-7.32M	-14.7M	-6.67M
Total Debt Repaid	-25.79M	-1.03M	-7.32M	-14.7M	-6.67M
Issuance of Common Stock	-	-	174K	213K	178K
Repurchase of Common Stock	-21.83M	-62K	-	-304K	-17K
Repurchase of Preferred Stock	-	-	-26.2M	-46.83M	-
Preferred Dividends Paid	-3.65M	-4.29M	-5.18M	-2.37M	-
Common & Preferred Stock Dividends Paid	-3.65M	-4.29M	-5.18M	-2.37M	-
Other Financing Activities, Total	-18.33M	-3K	-432K	-230K	-
Cash from Financing	-69.6M	-5.18M	-18.95M	-59.22M	-6.51M
Miscellaneous Cash Flow Adjustments	-	-190K	-	-	-
Net Change in Cash	-28.72M	-46.67M	-21.03M	5.66M	112M
Supplemental Items
Cash Interest Paid	1.62M	502K	138K	1.14M	361K
Cash Income Tax Paid (Refund)	947K	1.89M	798K	2.43M	142K
Levered Free Cash Flow	76.25K	-18.1M	3.26M	-8.81M	-40.89M
Unlevered Free Cash Flow	1.37M	-17.45M	3.77M	-7.42M	-40.38M
Change In Net Working Capital	-4.75M	8.68M	-7.35M	3.23M	36.37M
Net Debt Issued / Repaid	-25.79M	-825K	12.68M	-9.7M	-6.67M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.72	-3.55	-2.42	-2.87	-1.54
Return on Total Capital	-2.86	-3.71	-2.5	-2.93	-1.59
Return On Equity %	-24.49	8.49	-12.4	20.55	72.99
Return on Common Equity	-29.23	9.69	-14.47	21.5	72.08
Margin Analysis
Gross Profit Margin %	45.38	64.5	71.16	72.8	84.3
SG&A Margin	134.96	292.75	236.43	352.77	278.67
EBITDA Margin %	-69.18	-228.25	-173.13	-279.97	-194.37
EBITA Margin %	-105.89	-240.5	-170.23	-285.6	-211.67
EBIT Margin %	-105.89	-240.5	-194.98	-300.58	-211.67
Income From Continuing Operations Margin %	-526.13	335.02	-576.91	1.24K	5.98K
Net Income Margin %	-504.17	197.68	-571.45	1.28K	5.98K
Net Avail. For Common Margin %	-503.17	298.39	-554.23	1.23K	5.98K
Normalized Net Income Margin	-170.92	-118.21	-170.99	-185.32	-14.5
Levered Free Cash Flow Margin	0.41	-209.09	47.95	-190.2	-762.31
Unlevered Free Cash Flow Margin	7.43	-201.68	55.43	-160.11	-752.88
Asset Turnover
Asset Turnover	0.04	0.02	0.02	0.02	0.01
Fixed Assets Turnover	0.35	1.16	2.17	1.83	2.45
Receivables Turnover (Average Receivables)	-	-	4.08	1.39	0.5
Inventory Turnover (Average Inventory)	7.45	-	-	-	-
Short Term Liquidity
Current Ratio	7.59	6.72	6.36	8.76	29.02
Quick Ratio	6.08	4.26	4.02	5.62	23.11
Operating Cash Flow to Current Liabilities	-0.66	-1.76	-2.02	-2.3	-1.44
Days Sales Outstanding (Average Receivables)	-	-	89.53	263.34	734.49
Days Outstanding Inventory (Average Inventory)	48.98	-	-	-	-
Average Days Payable Outstanding	826.1	-	1.58K	1.88K	2.85K
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	2.77	2.47	7.44	4.54	0.32
Total Debt / Total Capital	2.69	2.41	6.92	4.34	0.32
LT Debt/Equity	2.77	2.47	7.44	4.54	0.32
Long-Term Debt / Total Capital	2.69	2.41	6.92	4.34	0.32
Total Liabilities / Total Assets	7.06	6.36	9.15	6.36	4.27
EBIT / Interest Expense	-9.43	-20.27	-16.29	-6.24	-14.02
EBITDA / Interest Expense	-6.16	-19.23	-13.81	-5.81	-12.87
(EBITDA - Capex) / Interest Expense	-6.58	-19.75	-13.81	-5.81	-12.9
Total Debt / EBITDA	-0.72	-0.44	-1.86	-0.97	-0.19
Net Debt / EBITDA	6.63	1.95	0.48	1.49	13.64
Total Debt / (EBITDA - Capex)	-0.68	-0.43	-1.86	-0.97	-0.19
Net Debt / (EBITDA - Capex)	6.21	1.9	0.48	1.49	13.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.44	-25.38	-21.52	-31.79	15.78
Gross Profit, 1 Yr. Growth %	-5.55	-32.03	-13.42	-30.21	34.06
EBITDA, 1 Yr. Growth %	-46.33	26.43	-42.57	15.55	-19.62
EBITA, 1 Yr. Growth %	-27.04	19.93	-43.19	14.44	-14.19
EBIT, 1 Yr. Growth %	-27.04	19.93	-36.37	5.16	-18.47
Earnings From Cont. Operations, 1 Yr. Growth %	8.23	-131.55	-235.15	-246.75	457.81
Net Income, 1 Yr. Growth %	42.25	-118.39	-326.88	-252.3	442.2
Normalized Net Income, 1 Yr. Growth %	-44.29	-55.74	13.52	-26.07	-90.94
Diluted EPS Before Extra, 1 Yr. Growth %	48.57	-128.34	-253.27	-239.54	445
Accounts Receivable, 1 Yr. Growth %	-	-	0	-12.83	495.27
Inventory, 1 Yr. Growth %	-88.22	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-87.51	-69.14	-21.89	-15.74	-10.34
Total Assets, 1 Yr. Growth %	-33.6	4.48	-17.23	-4.03	111.03
Tangible Book Value, 1 Yr. Growth %	-32.14	8.01	-11.07	17.69	113.7
Common Equity, 1 Yr. Growth %	-31.95	7.33	-11.48	16.1	113.46
Cash From Operations, 1 Yr. Growth %	-49.82	96.08	-28.16	-3.91	-29.73
Capital Expenditures, 1 Yr. Growth %	-	334.71	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-99.33	559.62	-118	-370.56	364.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-90.15	1.02K	-121.57	-297.01	444.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-20.61	-30.68	-23.47	-26.83	-11.13
Gross Profit, 2 Yr. CAGR %	114.9	-20.65	-23.29	-22.27	-3.27
EBITDA, 2 Yr. CAGR %	-40.76	-8.86	-13.25	-20.41	-3.62
EBITA, 2 Yr. CAGR %	-30.56	-11.84	-18.38	-19.37	-0.9
EBIT, 2 Yr. CAGR %	-31.11	-11.84	-12.64	-18.2	-7.41
Earnings From Cont. Operations, 2 Yr. CAGR %	123.64	-43.14	-34.7	40.83	186.11
Net Income, 2 Yr. CAGR %	146.39	-48.85	-35.4	85.89	187.36
Normalized Net Income, 2 Yr. CAGR %	8.06	-57.49	-29.12	-8.39	-74.12
Diluted EPS Before Extra, 2 Yr. CAGR %	107.78	-36.99	-34.1	46.24	175.77
Accounts Receivable, 2 Yr. CAGR %	-	-	-	36.52	127.79
Inventory, 2 Yr. CAGR %	-65.48	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-75.35	-80.63	-50.9	-18.88	-13.08
Total Assets, 2 Yr. CAGR %	-27.41	-16.71	-7.01	-10.87	42.31
Tangible Book Value, 2 Yr. CAGR %	-23.37	-14.44	-2	2.3	58.59
Common Equity, 2 Yr. CAGR %	-23.68	-14.54	-2.53	1.38	57.43
Cash From Operations, 2 Yr. CAGR %	-46.46	-0.81	18.69	-16.91	-17.83
Capital Expenditures, 2 Yr. CAGR %	-53.85	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-85.13	26.19	8.96	-30.22	254.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	0.9	11.97	55.44	-34.81	227.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-29.22	-33.38	-27.75	-26.35	-14.74
Gross Profit, 3 Yr. CAGR %	37.73	45.48	-18.31	-25.67	-6.78
EBITDA, 3 Yr. CAGR %	-39.35	-18.41	-20.92	-6.01	-20.15
EBITA, 3 Yr. CAGR %	-31.6	-19.91	-24.42	-8.64	-17.68
EBIT, 3 Yr. CAGR %	-32.72	-20.33	-20.92	-7.07	-18.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.16	14.32	-24.12	-14.47	122.82
Net Income, 3 Yr. CAGR %	-22.83	3.74	-15.96	-14.02	165.6
Normalized Net Income, 3 Yr. CAGR %	-22.97	-27.64	-41.02	-28.11	-57.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-32.51	4.88	-15.26	-15.37	126.73
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	123.03
Inventory, 3 Yr. CAGR %	-56.51	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-60.95	-73.68	-69.17	-41.22	-16.12
Total Assets, 3 Yr. CAGR %	-22.43	-18.04	-16.88	-6.03	18.79
Tangible Book Value, 3 Yr. CAGR %	-14.43	-14.12	-13.33	4.17	30.77
Common Equity, 3 Yr. CAGR %	-15.06	-14.49	-13.53	3.32	29.94
Cash From Operations, 3 Yr. CAGR %	-37.76	-17.48	-10.92	10.62	-21.43
Capital Expenditures, 3 Yr. CAGR %	-46.41	-49.52	-	-	-65.29
Levered Free Cash Flow, 3 Yr. CAGR %	-90.4	73.78	-34.07	47.55	31.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	-74.25	134.92	-35.33	68.22	32.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-39.78	-45.7	-33.45	-30.83	-21.51
Gross Profit, 5 Yr. CAGR %	-32.02	-31.24	8.56	13.22	-12.6
EBITDA, 5 Yr. CAGR %	-30.64	-21.1	-27.12	-18.63	-15.2
EBITA, 5 Yr. CAGR %	-28.06	-20.95	-28.31	-20.05	-15.77
EBIT, 5 Yr. CAGR %	-28.72	-22.33	-27.06	-19.49	-15.77
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.23	91.39	-28.23	24.26	29.03
Net Income, 5 Yr. CAGR %	-8.75	-20.1	-28.13	31	37.42
Normalized Net Income, 5 Yr. CAGR %	-19.11	-26.1	-29.98	-20.48	-57.58
Diluted EPS Before Extra, 5 Yr. CAGR %	-15.72	11.6	-33.93	19.79	35.85
Accounts Receivable, 5 Yr. CAGR %	-	-	-53.48	-	-
Inventory, 5 Yr. CAGR %	-49.36	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-52.18	-56.79	-57.44	-58.71	-53.33
Total Assets, 5 Yr. CAGR %	-23.88	-19.48	-16.6	-15.25	3.06
Tangible Book Value, 5 Yr. CAGR %	-16.64	-13.87	-9.68	-7.89	10.36
Common Equity, 5 Yr. CAGR %	-18.89	-14.65	-10.25	-8.47	9.89
Cash From Operations, 5 Yr. CAGR %	-38.39	56.61	-19.43	-17.25	-13.75
Capital Expenditures, 5 Yr. CAGR %	-50.44	-40.79	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-79.55	-26.88	-48.06	20.64	29.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	-63.94	-26.18	-45.77	40.68	23.74