Income Statement Westbridge Renewable Energy S.A.

Stocks

WEB

CA95716A2011

Electric Utilities

Market Closed - Toronto S.E. 22:58:51 28/09/2026 +03			5-day change	1st Jan Change
1.300 ^CAD	+7.44%		+30.00%	-39.53%

08-28	Westbridge Renewable Energy up 16%, Announces C$26.7 Million Red Willow Project Sale	MT
08-28	An undisclosed buyer entered into definitive share purchase agreement to acquire Red Willow Solar Inc. from Westbridge Renewable Energy S.A. for $26.7 million.	CI

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Published financial data: WESTBRIDGE RENEWABLE ENERGY S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Selling General & Admin Expenses, Total	637K	1.16M	1.62M	12.39M	2.9M
Stock-Based Compensation (IS)	470K	963K	1.71M	620K	3.24M
Depreciation & Amortization - (IS)	8.61K	46.9K	147K	700K	681K
Other Operating Expenses, Total	1.12M	2.17M	3.48M	13.71M	6.82M
Operating Income	-1.12M	-2.17M	-3.48M	-13.71M	-6.82M
Interest Expense, Total	-14.68K	-7.34K	-1.2M	-872K	-178K
Interest And Investment Income	-	-	-	1.01M	677K
Net Interest Expenses	-14.68K	-7.34K	-1.2M	135K	499K
Currency Exchange Gains (Loss)	9.1K	58.62K	-662K	-108K	137K
Other Non Operating Income (Expenses)	-	-220K	-235K	-219K	-583K
EBT, Excl. Unusual Items	-1.12M	-2.34M	-5.57M	-13.91M	-6.77M
Merger & Related Restructuring Charges	-	-	-76K	-	-
Gain (Loss) On Sale Of Assets	-	-	-	73.87M	-36.63K
Asset Writedown	-	-	-	-85.15K	-6.85M
Other Unusual Items	-2.55M	-	-	-	-
EBT, Incl. Unusual Items	-3.67M	-2.34M	-5.65M	59.88M	-13.66M
Income Tax Expense	-	-	-2.57M	4.2M	-590K
Earnings From Continuing Operations	-3.67M	-2.34M	-3.08M	55.67M	-13.07M
Net Income to Company	-3.67M	-2.34M	-3.08M	55.67M	-13.07M
Minority Interest	6	5.59K	-4.03K	-	-
Net Income - (IS)	-3.67M	-2.33M	-3.08M	55.67M	-13.07M
Net Income to Common Incl Extra Items	-3.67M	-2.33M	-3.08M	55.67M	-13.07M
Net Income to Common Excl. Extra Items	-3.67M	-2.33M	-3.08M	55.67M	-13.07M
Per Share Items
Net EPS - Basic	-0.42	-0.11	-0.13	2.22	-0.52
Basic EPS - Continuing Operations	-0.42	-0.11	-0.13	2.22	-0.52
Basic Weighted Average Shares Outstanding	8.76M	20.92M	24.51M	25.09M	25.29M
Net EPS - Diluted	-0.42	-0.11	-0.13	2.08	-0.52
Diluted EPS - Continuing Operations	-0.42	-0.11	-0.13	2.08	-0.52
Diluted Weighted Average Shares Outstanding	8.76M	20.92M	24.51M	26.6M	25.29M
Normalized Basic EPS	-0.08	-0.07	-0.14	-0.35	-0.17
Normalized Diluted EPS	-0.08	-0.07	-0.14	-0.33	-0.17
Payout Ratio	-	-	-	18.26	-38.7
Supplemental Items
EBITDA	-1.11M	-2.12M	-3.33M	-13.01M	-6.14M
EBITA	-1.12M	-2.17M	-3.48M	-13.71M	-6.82M
EBIT	-1.12M	-2.17M	-3.48M	-13.71M	-6.82M
EBITDAR	-1.1M	-2.11M	-3.31M	-13.01M	-6.07M
Effective Tax Rate - (Ratio)	-	-	45.53	7.02	4.32
Normalized Net Income	-701K	-1.46M	-3.49M	-8.69M	-4.23M
Interest on Long-Term Debt	677	4.8K	15.74K	57K	62.48K
Supplemental Operating Expense Items
General and Administrative Expenses	637K	1.16M	1.62M	12.39M	2.9M
Net Rental Expense, Total	4.14K	18.59K	19.94K	6.55K	69.7K
Imputed Operating Lease Interest Expense	23.39K	4.74K	10.15K	2.3K	52.62K
Imputed Operating Lease Depreciation	-19.24K	13.84K	9.8K	4.25K	17.08K
Stock-Based Comp., Other (Total)	470K	963K	1.71M	620K	3.24M
Total Stock-Based Compensation	470K	963K	1.71M	620K	3.24M

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	3.24M	1.65M	2.82M	28.39M	17.62M
Trading Asset Securities, Total	-	-	2.57M	-	-
Total Cash And Short Term Investments	3.24M	1.65M	5.39M	28.39M	17.62M
Accounts Receivable, Total	-	-	-	140K	407K
Other Receivables	21.41K	86.06K	1.17M	329K	1.14M
Total Receivables	21.41K	86.06K	1.17M	469K	1.54M
Prepaid Expenses	27.09K	89.59K	701K	305K	121K
Other Current Assets, Total	-	-	26.61M	-	-
Total Current Assets	3.29M	1.82M	33.88M	29.16M	19.29M
Gross Property Plant And Equipment	34.43K	560K	2.16M	3.6M	1.23M
Accumulated Depreciation	-10.04K	-56.94K	-209K	-859K	-
Net Property Plant And Equipment	24.39K	503K	1.95M	2.74M	1.23M
Deferred Charges Long-Term	1.57M	4.6M	8.74M	15.5M	19.4M
Other Long-Term Assets, Total	-	761K	13.25M	18.14M	369K
Total Assets	4.89M	7.68M	57.81M	65.54M	40.28M
Liabilities
Accounts Payable, Total	225K	538K	1.06M	1.05M	855K
Accrued Expenses, Total	197K	115K	326K	3.17M	985K
Short-term Borrowings	-	-	35.4M	-	-
Current Portion of Leases	3.27K	79.83K	527K	626K	396K
Current Income Taxes Payable	-	-	-	1.63M	-
Other Current Liabilities	-	29.34K	8.95M	4.85M	-
Total Current Liabilities	425K	763K	46.27M	11.33M	2.24M
Long-Term Leases	3.66K	373K	1.28M	1.95M	806K
Other Non Current Liabilities	-	30.07K	4.26M	-	-
Total Liabilities	429K	1.17M	51.81M	13.28M	3.04M
Common Stock, Total	7.56M	10.99M	12.51M	13.64M	13.57M
Additional Paid In Capital	490K	1.43M	2.35M	2.09M	-
Retained Earnings	-3.69M	-6.03M	-9.11M	36.4M	18.28M
Comprehensive Income and Other	1.48K	29.98K	24.87K	-10.64K	5.26M
Total Common Equity	4.36M	6.42M	5.77M	52.13M	37.11M
Minority Interest	101K	94.98K	232K	130K	127K
Total Equity	4.46M	6.52M	6.01M	52.26M	37.24M
Total Liabilities And Equity	4.89M	7.68M	57.81M	65.54M	40.28M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.01M	24.45M	24.9M	25.29M	26.21M
ECS Total Common Shares Outstanding	19.81M	24.09M	24.77M	25.3M	25.28M
Book Value / Share	0.22	0.27	0.23	2.06	1.47
Tangible Book Value	4.36M	6.42M	5.77M	52.13M	37.11M
Tangible Book Value Per Share	0.22	0.27	0.23	2.06	1.47
Total Debt	6.94K	453K	37.21M	2.58M	1.2M
Net Debt	-3.24M	-1.19M	31.82M	-25.81M	-16.42M
Debt Equivalent Oper. Leases	33.14K	149K	160K	52.41K	558K
Minority Interest, Total (Incl. Fin. Div)	101K	94.98K	232K	130K	127K
Account Code - Inventory Valuation	-	3	3	3	3

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-3.67M	-2.33M	-3.08M	55.67M	-13.07M
Depreciation & Amortization - CF	8.61K	46.9K	147K	700K	681K
Depreciation & Amortization, Total	8.61K	46.9K	147K	700K	681K
(Gain) Loss From Sale Of Asset	-	-	-	-73.87M	36.63K
Asset Writedown & Restructuring Costs	-	-	-	85.15K	6.85M
Stock-Based Compensation (CF)	470K	963K	1.71M	620K	3.24M
Other Operating Activities, Total	2.56M	-792	-1.27M	5.8M	-1.2M
Change In Accounts Receivable	-2.1K	755	-1.01M	887K	-30.26K
Change In Accounts Payable	226K	-88.66K	857K	2.81M	-3.15M
Change In Income Taxes	-17.69K	-65.41K	-296K	-175K	-1.85M
Change in Other Net Operating Assets	-4.32K	-62.5K	939K	-1.64M	-84.88K
Cash from Operations	-426K	-1.54M	-2.01M	-9.12M	-8.57M
Cash Acquisitions	4.26M	-	-1.39M	-	-
Divestitures	-	-	-	98.68M	-13.9K
Other Investing Activities, Total	-1.32M	-3.38M	-29.8M	-9.04M	4.58M
Cash from Investing	2.94M	-3.38M	-31.19M	89.64M	4.57M
Long-Term Debt Issued, Total	350K	-	33.88M	-	-
Total Debt Issued	350K	-	33.88M	-	-
Long-Term Debt Repaid, Total	-10.65K	-84.61K	-225K	-45.01M	-1.58M
Total Debt Repaid	-10.65K	-84.61K	-225K	-45.01M	-1.58M
Issuance of Common Stock	407K	3.41M	726K	814K	-
Repurchase of Common Stock	-	-	-	-557K	-71.93K
Common Dividends Paid	-	-	-	-10.17M	-5.06M
Common & Preferred Stock Dividends Paid	-	-	-	-10.17M	-5.06M
Other Financing Activities, Total	-14K	-	-	-	-
Cash from Financing	733K	3.32M	34.38M	-54.92M	-6.71M
Foreign Exchange Rate Adjustments	1.48K	-	-5.11K	-35.5K	-56.7K
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Change in Cash	3.24M	-1.6M	1.18M	25.57M	-10.77M
Supplemental Items
Cash Interest Paid	14K	-	-	-	-
Levered Free Cash Flow	127K	-218K	-19.71M	22.85M	-10.21M
Unlevered Free Cash Flow	136K	-213K	-18.96M	23.39M	-10.1M
Change In Net Working Capital	-354K	-134K	18.65M	-30.64M	9.75M
Net Debt Issued / Repaid	339K	-84.61K	33.66M	-45.01M	-1.58M

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-28.33	-21.59	-6.63	-13.9	-8.05
Return on Total Capital	-31.13	-23.74	-8.66	-17.48	-9.14
Return On Equity %	-165.41	-42.64	-49.12	191.11	-29.2
Return on Common Equity	-169.25	-43.31	-50.51	192.3	-29.28
Short Term Liquidity
Current Ratio	7.74	2.39	0.73	2.57	8.63
Quick Ratio	7.68	2.27	0.14	2.55	8.57
Operating Cash Flow to Current Liabilities	-1	-2.02	-0.04	-0.8	-3.83
Long Term Solvency
Total Debt/Equity	0.16	6.95	619.54	4.94	3.23
Total Debt / Total Capital	0.16	6.5	86.1	4.7	3.13
LT Debt/Equity	0.08	5.72	21.35	3.74	2.16
Long-Term Debt / Total Capital	0.08	5.35	2.97	3.56	2.1
Total Liabilities / Total Assets	8.78	15.18	89.61	20.27	7.55
EBIT / Interest Expense	-76.02	-296.09	-2.9	-15.72	-38.22
EBITDA / Interest Expense	-74.85	-283.3	-2.66	-14.12	-30.59
(EBITDA - Capex) / Interest Expense	-74.85	-283.3	-2.66	-14.12	-30.59
Total Debt / EBITDA	-0.01	-0.22	-11.7	-0.21	-0.22
Net Debt / EBITDA	2.95	0.57	-10	2.1	3.01
Total Debt / (EBITDA - Capex)	-0.01	-0.22	-11.7	-0.21	-0.22
Net Debt / (EBITDA - Capex)	2.95	0.57	-10	2.1	3.01
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	5.35K	92.06	56.65	290.95	-52.83
EBITA, 1 Yr. Growth %	5.03K	94.79	60.05	294.54	-50.28
EBIT, 1 Yr. Growth %	5.03K	94.79	60.05	294.54	-50.28
Earnings From Cont. Operations, 1 Yr. Growth %	16.6K	-36.25	31.44	-1.91K	-123.47
Net Income, 1 Yr. Growth %	16.6K	-36.4	31.93	-1.91K	-123.47
Normalized Net Income, 1 Yr. Growth %	5K	107.91	139.24	149.62	-51.35
Diluted EPS Before Extra, 1 Yr. Growth %	-	-73.39	12.61	-1.76K	-124.88
Accounts Receivable, 1 Yr. Growth %	-	-	-	-86.2	190.13
Net Property, Plant and Equip., 1 Yr. Growth %	-26.09	1.96K	287.15	40.57	-55.04
Total Assets, 1 Yr. Growth %	13.94K	57.18	652.44	13.36	-38.54
Tangible Book Value, 1 Yr. Growth %	-20.87K	47.34	-10.09	802.73	-28.8
Common Equity, 1 Yr. Growth %	-20.87K	47.34	-10.09	802.73	-28.8
Cash From Operations, 1 Yr. Growth %	-	261.49	30.24	354.29	-6.02
Levered Free Cash Flow, 1 Yr. Growth %	-	-271.57	8.94K	-202.53	-144.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-256.66	8.79K	-208.63	-143.17
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	922.66	73.46	147.47	35.79
EBITA, 2 Yr. CAGR %	-	899.2	76.56	151.29	40.06
EBIT, 2 Yr. CAGR %	-	899.2	76.56	151.29	40.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-	931.8	-8.46	387.74	106.1
Net Income, 2 Yr. CAGR %	-	930.57	-8.4	388.32	106.1
Normalized Net Income, 2 Yr. CAGR %	-	929.82	123.03	144.23	10.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-45.26	331.75	103.56
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-36.72
Net Property, Plant and Equip., 2 Yr. CAGR %	-	290.56	793.84	133.28	-20.5
Total Assets, 2 Yr. CAGR %	-	1.39K	243.9	192.06	-16.53
Tangible Book Value, 2 Yr. CAGR %	-	1.65K	15.1	184.89	153.52
Common Equity, 2 Yr. CAGR %	-	1.65K	15.1	184.89	153.52
Cash From Operations, 2 Yr. CAGR %	-	-	116.98	143.24	106.62
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	1.15K	923.74	-32.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	1.08K	946.95	-31.52
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	447.18	127.42	42.42
EBITA, 3 Yr. CAGR %	-	-	442.65	130.83	46.43
EBIT, 3 Yr. CAGR %	-	-	442.65	130.83	46.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	419.17	147.52	77.4
Net Income, 3 Yr. CAGR %	-	-	419.39	147.52	77.54
Normalized Net Income, 3 Yr. CAGR %	-	-	533.07	131.47	42.63
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	70.55	67.03
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	289.42	382.47	34.75
Total Assets, 3 Yr. CAGR %	-	-	1.08K	137.56	73.72
Tangible Book Value, 3 Yr. CAGR %	-	-	550.45	128.68	79.45
Common Equity, 3 Yr. CAGR %	-	-	550.45	128.68	79.45
Cash From Operations, 3 Yr. CAGR %	-	-	-	177.58	77.16
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	464.43	260.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	455.82	261.7
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-	213.35
EBITA, 5 Yr. CAGR %	-	-	-	-	215.67
EBIT, 5 Yr. CAGR %	-	-	-	-	215.67
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	258.77
Net Income, 5 Yr. CAGR %	-	-	-	-	258.77
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	214.51
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	106.25
Total Assets, 5 Yr. CAGR %	-	-	-	-	309.88
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	346.21
Common Equity, 5 Yr. CAGR %	-	-	-	-	346.21