Tidewater Renewables Ltd.
Tidewater Renewables Ltd. (LCFS.TO) Financial Performance & Income Statement Overview
Analyze Tidewater Renewables Ltd. (LCFS.TO) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Tidewater Renewables Ltd. (LCFS.TO) Income Statement & Financial Overview
Review Tidewater Renewables Ltd. LCFS.TO income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $57.67M | $76.44M | $91.63M | $147.24M |
| Cost of Revenue | $49.83M | $61.98M | $63.24M | $112.83M |
| Gross Profit | $7.85M | $14.46M | $28.38M | $34.41M |
| Gross Profit Ratio | $0.14 | $0.19 | $0.31 | $0.23 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.33M | $3.16M | $2.001M | $2.19M |
| Operating Expenses | $5.27M | $8.66M | $7.90M | $3.34M |
| Total Costs & Expenses | $55.10M | $70.65M | $71.14M | $116.15M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $5.41M | $7.02M | $9.47M | $9.76M |
| Depreciation & Amortization | $3.94M | $6.94M | $5.61M | $9.36M |
| EBITDA | $14.60M | $9.86M | -$470.78M | $25.59M |
| EBITDA Ratio | $0.25 | $0.13 | -$5.14 | $0.17 |
| Operating Income | $2.58M | $5.79M | $20.48M | $31.09M |
| Operating Income Ratio | $0.04 | $0.08 | $0.22 | $0.21 |
| Other Income/Expenses (Net) | $2.67M | -$9.89M | -$506.35M | -$24.60M |
| Income Before Tax | $5.25M | -$4.10M | -$485.86M | $6.49M |
| Income Before Tax Ratio | $0.09 | -$0.05 | -$5.30 | $0.04 |
| Income Tax Expense | $0.00 | -$714000.00 | -$118.75M | $1.56M |
| Net Income | $5.25M | -$3.38M | -$367.12M | $4.93M |
| Net Income Ratio | $0.09 | -$0.04 | -$4.007 | $0.03 |
| EPS | $0.14 | -$0.10 | -$10.46 | $0.14 |
| Diluted EPS | $0.14 | -$0.10 | -$10.46 | $0.14 |
| Weighted Avg Shares Outstanding | $36.39M | $36.37M | $35.11M | $34.85M |
| Weighted Avg Shares Outstanding (Diluted) | $36.81M | $36.37M | $35.11M | $36.03M |
The company's financials show resilient growth, with revenue advancing from $147.24M in Q2 2024 to $57.67M in Q1 2025. Gross profit remained healthy with margins at 14% in Q1 2025 compared to 23% in Q2 2024. Operating income hit $2.58M last quarter, sustaining a consistent 4% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $14.60M. Net income rose to $5.25M, while earnings per share reached $0.14. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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