← Keel Infrastructure Corp.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Trade And Other Receivables | — | — | $108k | $689k | $1.2m | $1.4m | |
| Trade receivables | $1.1m | $1.0m | $701k | $714k | $1.3m | — | |
| Short-term prepaid deposits | — | — | $12.9m | $6.4m | $14.6m | — | |
| Income taxes receivable | — | — | $12.1m | — | $424k | — | |
| Electrical component inventory | — | — | — | $705k | $1.2m | — | |
| Accounts Receivable | — | — | $701k | $714k | $1.3m | $5.5m | |
| Allowance For Doubtful Accounts Receivable | — | ($118k) | ($37k) | ($51k) | ($47k) | — | |
| Cash And Cash Equivalents | — | — | $30.8m | $84.0m | $59.5m | $573.5m | |
| Cash Cash Equivalents And Short Term Investments | — | — | $30.8m | $84.0m | $59.5m | $573.5m | |
| Gross Accounts Receivable | — | — | $738k | $765k | $1.3m | $5.5m | |
| Non Current Prepaid Assets | — | — | $3.9m | $4.9m | $18.7m | $9.5m | |
| Other Current Assets | — | — | $4.6m | $31.9m | $87.3m | $174.7m | |
| Other Inventories | — | — | — | — | $1.1m | $2.9m | |
| Other Short Term Investments | — | $66.0m | $4.6m | $31.9m | $87.3m | — | |
| Prepaid Assets | — | — | $12.9m | $6.4m | $14.6m | $6.3m | |
| Taxes Receivable | — | — | $16.0m | $805k | $3.1m | $19.9m | |
| Inventory, Net | — | — | $588k | $705k | $1.1m | $8.7m | |
| Assets, Current | — | — | — | — | — | $826.5m | |
| Total current assets | $9.2m | $287.1m | $69.1m | $130.0m | $213.7m | — | |
| Property, Plant and Equipment, Net | $35.8m | $136.8m | $219.4m | $186.0m | $348.5m | $358.3m | |
| Goodwill | — | $17.0m | $0 | $0 | — | — | |
| Intangible Assets Other Than Goodwill | $377k | $1.7m | $33k | $3.7m | $4.0m | — | |
| Goodwill And Other Intangible Assets | — | — | $33k | $3.7m | $4.6m | $3.0m | |
| Other Intangible Assets | — | $1.7m | $33k | $3.7m | $4.0m | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | $11.1m | |
| Other assets | $669k | $6.4m | $4.5m | $2.2m | $7.3m | — | |
| Right-of-use assets | $5.4m | $9.4m | $16.4m | $14.3m | $23.0m | — | |
| Additional Financial Items | |||||||
| Accrued Liabilities, Current | — | — | — | — | — | $18.7m | |
| Current Tax Liabilities Current | $316k | $12.1m | — | $1.1m | — | — | |
| Current Value Added Tax Payables | $2.1m | $11.8m | — | — | — | — | |
| Deferred Tax Assets | — | $3.9m | — | — | — | — | |
| Issued Capital | $32.0m | $378.9m | $429.1m | $535.0m | $852.3m | — | |
| Trade And Other Current Payables | $2.7m | $14.5m | $20.5m | $20.7m | $25.9m | — | |
| Trade And Other Current Receivables | $1.1m | $1.0m | $701k | $689k | — | — | |
| Trade And Other Payables | $31k | $1.5m | $1.6m | — | — | — | |
| Cash | $5.9m | $125.6m | $30.9m | $84.0m | $59.5m | — | |
| Digital assets | — | $66.0m | $4.6m | $31.9m | $87.3m | — | |
| Digital assets - collateralized | — | $86.8m | $2.1m | $2.1m | — | — | |
| Derivative assets | $1.4m | — | $12.1m | $1.3m | $3.4m | — | |
| Assets held for sale | — | $1.2m | $1.2m | $1.4m | $5.9m | — | |
| Long-term deposits, equipment prepayments and other | $973k | $86.7m | $38.2m | $44.7m | $56.4m | — | |
| Refundable deposits | — | — | — | $277k | $22.0m | — | |
| Current portion of lease liabilities | $3.6m | $4.3m | $3.6m | $2.9m | $2.1m | — | |
| Taxes payable | $316k | $12.1m | — | $1.1m | — | — | |
| Warrant liabilities | — | — | $169k | $40.4m | $8.0m | — | |
| Lease liabilities | $7.4m | $9.2m | $14.2m | $13.0m | $19.8m | — | |
| Asset retirement provision | $209k | $239k | $2.0m | $1.8m | $2.1m | — | |
| Share capital | $32.0m | $378.9m | $429.1m | $530.1m | $852.3m | — | |
| Contributed surplus | $5.6m | $43.7m | $65.5m | $56.6m | $67.5m | — | |
| Revaluation surplus | — | — | — | $2.9m | $22.7m | — | |
| Accumulated Depreciation | — | — | ($148.5m) | ($226.5m) | ($164.3m) | ($189.8m) | |
| Assets Held For Sale Current | — | — | $1.2m | $1.4m | $9.4m | $28.7m | |
| Buildings And Improvements | — | $9.0m | $15.7m | — | — | — | |
| Capital Lease Obligations | — | — | $17.9m | $15.8m | $21.8m | $14.3m | |
| Cash Financial | — | — | $30.8m | $84.0m | $59.5m | $573.5m | |
| Construction In Progress | — | — | $32.2m | $39.8m | $40.1m | $20.2m | |
| Current Accrued Expenses | — | $4.6m | $7.6m | $11.7m | $3.7m | — | |
| Current Capital Lease Obligation | — | — | $3.6m | $2.9m | $2.1m | $1.7m | |
| Current Debt | — | — | $43.1m | $4.0m | $146k | $97.0m | |
| Current Debt And Capital Lease Obligation | — | — | $46.7m | $6.9m | $2.2m | $98.7m | |
| Financial Assets | — | — | — | — | $0 | $5.2m | |
| Fixed Assets Revaluation Reserve | — | $0 | $0 | $2.9m | $22.7m | — | |
| Gross PPE | — | — | $416.6m | $466.7m | $465.2m | $581.5m | |
| Hedging Assets Current | — | — | $0 | $1.3m | $3.4m | $2.3m | |
| Invested Capital | — | — | $302.5m | $298.8m | $612.7m | $1.2b | |
| Investmentin Financial Assets | — | — | — | — | $0 | $1.2m | |
| Investments And Advances | — | — | — | — | $0 | $1.2m | |
| Land And Improvements | — | — | $4.4m | $5.7m | $5.0m | $63.9m | |
| Leases | — | — | $61.0m | $64.5m | $59.4m | $14.5m | |
| Line Of Credit | — | $60.0m | $0 | $0 | — | — | |
| Long Term Capital Lease Obligation | — | — | $14.2m | $13.0m | $19.8m | $12.6m | |
| Long Term Provisions | — | $239k | $2.0m | $1.8m | $2.1m | — | |
| Machinery Furniture Equipment | — | — | $1.3m | $1.8m | $1.8m | $115.7m | |
| Net Debt | — | — | $16.3m | — | — | $96.0m | |
| Net PPE | — | — | $268.0m | $240.1m | $300.9m | $391.7m | |
| Net Tangible Assets | — | — | $255.4m | $291.1m | $606.5m | $557.4m | |
| Non Current Accounts Receivable | — | $83.1m | $2.1m | — | — | — | |
| Non Current Deferred Assets | — | — | $0 | $0 | $0 | $1.7m | |
| Non Current Deferred Liabilities | — | — | $0 | $0 | $65k | $65k | |
| Non Current Deferred Taxes Assets | — | $3.9m | $0 | $0 | $0 | — | |
| Ordinary Shares Number | — | — | $224.2m | $334.2m | $479.3m | $601.6m | |
| Other Current Borrowings | — | — | $43.1m | $4.0m | $146k | $97.0m | |
| Other Current Liabilities | — | — | $169k | $40.4m | $128k | $2.9m | |
| Other Equity Adjustments | — | $43.7m | $65.5m | — | — | — | |
| Other Non Current Assets | — | — | — | — | $125.1m | $57.5m | |
| Other Non Current Liabilities | — | — | — | — | $2.6m | $2.8m | |
| Other Payable | — | — | $7.6m | $11.7m | $17.6m | $30.2m | |
| Other Properties | — | — | $308.6m | $354.8m | $358.9m | $367.2m | |
| Properties | — | — | $9.0m | $0 | $0 | $0 | |
| Raw Materials | — | — | — | — | $0 | $5.8m | |
| Restricted Cash | — | — | $2.1m | $2.1m | $32.8m | $5.6m | |
| Share Issued | — | — | $224.2m | $334.2m | $479.3m | $601.6m | |
| Tangible Book Value | — | — | $255.4m | $291.1m | $606.5m | $557.4m | |
| Working Capital | — | — | $1.7m | $60.8m | $185.6m | $678.4m | |
| Total equity | $15.4m | $422.6m | $255.6m | $294.8m | $608.0m | — | |
| Total Capitalization | — | — | $259.5m | $294.8m | $612.6m | $1.1b | |
| Total Debt | — | — | $65.0m | $19.9m | $23.4m | $683.8m | |
| Total Non Current Assets | — | — | $274.0m | $248.7m | $449.4m | $469.9m | |
| Total Tax Payable | — | $12.1m | $0 | $1.1m | $0 | — | |
| Assets | $51.7m | $542.6m | $343.1m | $378.7m | $667.6m | $1.3b | |
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | — | — | — | — | — | $1.5m | |
| Accounts Payable, Current | — | — | $12.9m | $9.1m | $8.2m | $16.3m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | $10.6m | |
| Long-term Debt, Excluding Current Maturities | $174k | $910k | $4.1m | — | $1.4m | $572.4m | |
| Long-term Debt, Current Maturities | — | — | — | — | — | $97.0m | |
| Trade payables and accrued liabilities | — | $14.5m | $20.5m | $20.7m | $25.9m | — | |
| Current portion of long-term debt | $17.2m | $10.3m | $43.1m | $4.0m | $146k | — | |
| Payables And Accrued Expenses | — | — | $20.5m | $21.8m | $25.8m | $46.4m | |
| Liabilities, Current | — | — | — | — | — | $148.1m | |
| Total current liabilities | $28.5m | $101.2m | $67.2m | $69.2m | $36.3m | — | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | $65k | |
| Other Liabilities, Noncurrent | — | — | — | — | — | $2.8m | |
| Deferred Tax Liabilities | — | $8.5m | — | — | $65k | — | |
| Deferred Tax Liability Asset | ($5.1m) | $4k | ($17.4m) | $401k | — | — | |
| Deferred tax liability | — | $8.5m | — | — | $65k | — | |
| Long Term Debt And Capital Lease Obligation | — | — | $18.3m | $13.0m | $21.2m | $585.0m | |
| Non Current Deferred Taxes Liabilities | — | — | $0 | $0 | $65k | $65k | |
| Liabilities | $36.3m | $120.0m | $87.5m | $84.0m | $59.6m | $736.0m | |
| Stockholders’ equity: | |||||||
| Common Stock, Value, Issued | — | — | — | — | — | $1.1b | |
| Additional Paid in Capital | — | — | $47.7m | $56.6m | $101.3m | $108.3m | |
| Retained Earnings (Accumulated Deficit) | — | — | ($197.2m) | ($299.8m) | ($327.9m) | ($612.5m) | |
| Accumulated deficit | ($22.1m) | ($15k) | ($239.1m) | ($294.9m) | ($334.5m) | — | |
| Capital Stock | — | — | $404.9m | $535.0m | $837.8m | $1.1b | |
| Gains Losses Not Affecting Retained Earnings | — | $0 | $0 | $2.9m | $22.7m | — | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | $560.4m | |
| Total Equity Gross Minority Interest | — | — | $255.4m | $294.8m | $611.1m | $560.4m | |
| Total Non Current Liabilities Net Minority Interest | — | — | $20.3m | $14.8m | $23.8m | $587.9m | |
| Liabilities and Equity | — | — | — | — | — | $1.3b | |
| Total liabilities and equity | $51.7m | $542.6m | $343.1m | $378.7m | $667.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.