Ionik Corporation (TSXV:INIK)

Ionik Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Dec 31, 2020
Cash & Equivalents	5.09	14.57	7.4	7.8	2.04	18.1
Cash & Short-Term Investments	5.09	14.57	7.4	7.8	2.04	18.1
Cash Growth	-24.90%	96.93%	-5.12%	281.73%	-88.72%	1507.02%
Accounts Receivable	37.07	38.83	29.01	15.42	7.43	1.14
Other Receivables	-	-	-	-	-	0.55
Receivables	37.07	38.83	29.01	15.42	7.43	1.68
Prepaid Expenses	0.84	1.15	1.18	0.74	0.16	0.3
Other Current Assets	1.46	1.41	10.44	0.36	-	-
Total Current Assets	44.45	55.94	48.02	24.31	9.64	20.08
Property, Plant & Equipment	0.72	0.74	0.82	0.7	0.31	0.32
Goodwill	51.27	51.27	25.59	44.55	27.58	0.01
Other Intangible Assets	82.57	91.66	61.32	52.28	28.35	5.12
Long-Term Accounts Receivable	-	-	-	-	-	0.1
Long-Term Deferred Tax Assets	6.22	5.65	2	1.53	-	0.07
Other Long-Term Assets	0.69	0.98	1.77	1.12	0.02	0.24
Total Assets	185.91	206.24	139.51	124.49	65.89	25.93
Accounts Payable	38.27	43.49	25.01	7.61	3.3	0.87
Accrued Expenses	7.63	11.46	9.28	10.14	1.86	-
Short-Term Debt	-	-	-	-	1.3	-
Current Portion of Long-Term Debt	80.98	21.35	11.14	7.85	21.37	1.2
Current Portion of Leases	0.61	0.22	0.58	0.39	0.12	0.21
Current Income Taxes Payable	1.2	0.43	4.86	-	0.32	0.04
Current Unearned Revenue	0.54	0.39	2.87	2.06	0.05	0.91
Other Current Liabilities	3.78	2.39	1.66	1.07	1.8	4.65
Total Current Liabilities	133	79.72	55.39	29.11	30.12	7.88
Long-Term Debt	43.09	109.8	81.94	39.56	4.27	4.83
Long-Term Leases	0.52	1.01	0.72	0.15	0.17	0.11
Long-Term Unearned Revenue	-	-	0.21	0.16	-	-
Pension & Post-Retirement Benefits	-	-	-	0.33	-	0.59
Long-Term Deferred Tax Liabilities	3.1	3.4	0.35	2.44	2.81	-
Other Long-Term Liabilities	32.21	32.5	-	0.84	-	-
Total Liabilities	211.92	226.43	138.6	72.59	37.37	13.41
Common Stock	88.37	86.15	83.83	73.72	28.55	24.58
Additional Paid-In Capital	4.23	4.23	3.8	2.12	-	-
Retained Earnings	-118.89	-112.49	-87.05	-23.98	-0.12	-13.22
Comprehensive Income & Other	0.29	1.91	0.32	0.05	0.09	1.17
Shareholders' Equity	-26.01	-20.19	0.91	51.9	28.52	12.52
Total Liabilities & Equity	185.91	206.24	139.51	124.49	65.89	25.93
Total Debt	125.2	132.38	94.37	47.95	27.23	6.35
Net Cash (Debt)	-120.11	-117.81	-86.98	-40.15	-25.18	11.74
Net Cash Per Share	-0.37	-0.41	-0.31	-0.19	-0.19	0.25
Filing Date Shares Outstanding	355.99	323.5	286.36	282.12	2.88	47.82
Total Common Shares Outstanding	355.5	323.5	284.73	275.27	2.88	47.82
Working Capital	-88.55	-23.78	-7.37	-4.8	-20.48	12.2
Book Value Per Share	-0.07	-0.06	0.00	0.19	9.89	0.26
Tangible Book Value	-159.85	-163.12	-86	-44.93	-27.41	7.39
Tangible Book Value Per Share	-0.45	-0.50	-0.30	-0.16	-9.51	0.15
Machinery	-	-	-	0.34	0.05	0.31
Leasehold Improvements	-	-	-	-	-	0.02

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.