Investor Presentaiton
14
Q4 & FY 2022 Financial Statements
All amounts in CAD $'000
Revenue
Q4 2022
Q4 2021
% A
FY 2022
FY 2021
% A
16,837
10,851
55%
80,271
27,709
190%
Production costs
(3,975)
(2,691)
47%
(18,022)
(7,131)
153%
Gross Profit
12,870
8,160
58%
62,249
20,578
203%
Gross Margin
76%
75%
N/A
78%
74%
N/A
Sales and product delivery freight expenses
(9,892)
(4,463)
122%
(32,986)
(11,252)
393%
General and administrative expenses
(1,685)
(1,245)
35%
(5,351)
(2,876)
86%
EBITDA
1,293
2,452
(47%)
23,912
6,450
271%
Share Based and Bonus Payments (Non-Cash
(220)
(23)
857%
(344)
(1,551)
(78%)
Event)
Depreciation and Amortisation
(33)
(18)
83%
(181)
(53)
242%
Profit on disposal of plant and equipment
N/A
9
N/A
Operating Profit after non-cash events
1,040
2,411
(57%)
23,387
4,855
382%
Interest Income/Expense*
(1,812) (*)
(173)
947%
(2,964)
(402)
637%
Net Profit before tax
Income tax
(772)
2,238
(134%)
20,423
4,453
359%
(540)
(360)
50%
(2,619)
(931)
181%
Net Profit (Loss)
(1,312)
1,878
(170%)
17,804
3,522
406%
*
$516,000 out of $1,812,000 interest expenses in Q4 2022 were due to a specific type of loan with Itaú and Banco do Brasil in Q4 2022, named "Reverse Factoring". In Q4 2022,
these loans total $6,313,000.
VERDE AGRITECHView entire presentation