Caldwell Reports Second Quarter Results
Caldwell Partners International (TSX:CWL)(OTCQX:CWLPF) has released its Q2 fiscal 2025 financial results, showing mixed performance. Professional fees reached $22.9 million, with Caldwell segment growing 35% to $20.1 million, while IQTalent remained stable at $2.8 million.
The company reported a quarterly net loss of $211,000 ($0.007 per share), compared to a loss of $865,000 in Q2 2024. Gross profit increased to $4.8 million from $3.6 million year-over-year. Operating loss improved to $649,000 from $1.1 million in the previous year.
Management noted a strategic investment in their first firm-wide partner meeting in two years. The company added three new partners during the quarter. However, they maintain a cautious outlook due to observed shifts in client sentiment, particularly in Canada and select U.S. sectors. A dividend of 0.25 cents per Common Share was declared, payable on June 17, 2025.
Caldwell Partners International (TSX:CWL)(OTCQX:CWLPF) ha pubblicato i risultati finanziari del secondo trimestre dell'anno fiscale 2025, mostrando una performance mista. Le spese professionali hanno raggiunto i 22,9 milioni di dollari, con il segmento Caldwell in crescita del 35% a 20,1 milioni di dollari, mentre IQTalent è rimasto stabile a 2,8 milioni di dollari.
La società ha riportato una perdita netta trimestrale di 211.000 dollari (0,007 dollari per azione), rispetto a una perdita di 865.000 dollari nel secondo trimestre del 2024. Il profitto lordo è aumentato a 4,8 milioni di dollari rispetto ai 3,6 milioni dell'anno precedente. La perdita operativa è migliorata a 649.000 dollari rispetto a 1,1 milioni di dollari dell'anno precedente.
La direzione ha notato un investimento strategico nel loro primo incontro di partner a livello aziendale dopo due anni. Durante il trimestre, la società ha aggiunto tre nuovi partner. Tuttavia, mantengono un outlook cauto a causa dei cambiamenti nel sentiment dei clienti, in particolare in Canada e in alcuni settori degli Stati Uniti. È stato dichiarato un dividendo di 0,25 centesimi per azione comune, pagabile il 17 giugno 2025.
Caldwell Partners International (TSX:CWL)(OTCQX:CWLPF) ha publicado sus resultados financieros del segundo trimestre del año fiscal 2025, mostrando un desempeño mixto. Las honorarios profesionales alcanzaron los 22,9 millones de dólares, con el segmento Caldwell creciendo un 35% a 20,1 millones de dólares, mientras que IQTalent se mantuvo estable en 2,8 millones de dólares.
La compañía reportó una pérdida neta trimestral de 211.000 dólares (0,007 dólares por acción), en comparación con una pérdida de 865.000 dólares en el segundo trimestre de 2024. La ganancia bruta aumentó a 4,8 millones de dólares desde 3,6 millones del año anterior. La pérdida operativa mejoró a 649.000 dólares desde 1,1 millones del año anterior.
La dirección destacó una inversión estratégica en su primera reunión de socios a nivel de empresa en dos años. La compañía agregó tres nuevos socios durante el trimestre. Sin embargo, mantienen una perspectiva cautelosa debido a los cambios observados en el sentimiento de los clientes, particularmente en Canadá y en sectores selectos de EE. UU. Se declaró un dividendo de 0,25 centavos por acción común, pagadero el 17 de junio de 2025.
콜드웰 파트너스 인터내셔널 (TSX:CWL)(OTCQX:CWLPF)가 2025 회계연도 2분기 재무 결과를 발표했으며, 혼합된 실적을 보였습니다. 전문 수수료는 2,290만 달러에 달했으며, 콜드웰 부문은 35% 성장하여 2,010만 달러에 이르렀고, IQTalent는 280만 달러로 안정세를 유지했습니다.
회사는 분기 순손실이 211,000달러(주당 0.007달러)라고 보고했으며, 이는 2024년 2분기 865,000달러의 손실에 비해 개선된 수치입니다. 총 이익은 지난해 360만 달러에서 480만 달러로 증가했습니다. 운영 손실은 전년의 110만 달러에서 649,000달러로 개선되었습니다.
경영진은 2년 만에 첫 번째 전사 파트너 회의에서 전략적 투자를 강조했습니다. 회사는 분기 동안 3명의 새로운 파트너를 추가했습니다. 그러나 그들은 캐나다와 일부 미국 부문에서 고객의 감정 변화가 관찰됨에 따라 조심스러운 전망을 유지하고 있습니다. 2025년 6월 17일에 지급될 0.25센트의 보통주 배당금이 선언되었습니다.
Caldwell Partners International (TSX:CWL)(OTCQX:CWLPF) a publié ses résultats financiers pour le deuxième trimestre de l'exercice 2025, montrant une performance mitigée. Les honoraires professionnels ont atteint 22,9 millions de dollars, avec le segment Caldwell en hausse de 35% à 20,1 millions de dollars, tandis qu'IQTalent est resté stable à 2,8 millions de dollars.
L'entreprise a signalé une perte nette trimestrielle de 211 000 dollars (0,007 dollar par action), contre une perte de 865 000 dollars au deuxième trimestre 2024. Le bénéfice brut a augmenté à 4,8 millions de dollars contre 3,6 millions de dollars l'année précédente. La perte d'exploitation s'est améliorée à 649 000 dollars contre 1,1 million de dollars l'année précédente.
La direction a noté un investissement stratégique lors de leur première réunion de partenaires à l'échelle de l'entreprise en deux ans. L'entreprise a ajouté trois nouveaux partenaires au cours du trimestre. Cependant, ils maintiennent une perspective prudente en raison des changements observés dans le sentiment des clients, en particulier au Canada et dans certains secteurs des États-Unis. Un dividende de 0,25 cent par action ordinaire a été déclaré, payable le 17 juin 2025.
Caldwell Partners International (TSX:CWL)(OTCQX:CWLPF) hat seine finanziellen Ergebnisse für das 2. Quartal des Geschäftsjahres 2025 veröffentlicht, die eine gemischte Leistung zeigen. Die Berufsgebühren beliefen sich auf 22,9 Millionen Dollar, wobei der Caldwell-Segment um 35% auf 20,1 Millionen Dollar wuchs, während IQTalent stabil bei 2,8 Millionen Dollar blieb.
Das Unternehmen berichtete über einen Nettoverlust von 211.000 Dollar (0,007 Dollar pro Aktie) im Quartal, verglichen mit einem Verlust von 865.000 Dollar im 2. Quartal 2024. Der Bruttogewinn stieg von 3,6 Millionen Dollar im Vorjahr auf 4,8 Millionen Dollar. Der operative Verlust verbesserte sich auf 649.000 Dollar von 1,1 Millionen Dollar im Vorjahr.
Das Management wies auf eine strategische Investition in ihr erstes unternehmensweites Partnermeeting seit zwei Jahren hin. Das Unternehmen fügte im Quartal drei neue Partner hinzu. Sie behalten jedoch eine vorsichtige Perspektive aufgrund der beobachteten Veränderungen in der Kundenstimmung, insbesondere in Kanada und in bestimmten Sektoren der USA. Eine Dividende von 0,25 Cent pro Stammaktie wurde erklärt, zahlbar am 17. Juni 2025.
- Professional fees increased 30% YoY to $22.9 million
- Caldwell segment grew 35% to $20.1 million
- Gross profit improved 32% to $4.8 million
- Operating loss reduced by 44% to $649,000
- Added three new partners during the quarter
- Net loss of $211,000 in Q2 2025
- Operating loss continues at $649,000
- Cautious outlook due to weakening client sentiment
- SG&A expenses increased 14% to $5.4 million
TORONTO, ON / ACCESS Newswire / April 10, 2025 / Talent acquisition firm The Caldwell Partners International Inc. (TSX:CWL)(OTCQX:CWLPF) today issued its financial results for the second quarter of fiscal 2025, ended February 28, 2025. All references to quarters or years are for the fiscal periods unless otherwise noted and all currency amounts are in Canadian dollars.
Financial Highlights (in
| Three Months Ended |
|
| Six Months Ended |
| |||||||||||
|
| 02.28.25 |
|
|
| 02.29.24 |
|
|
| 02.28.2525 |
|
|
| 02.29.24 |
| |
Professional fees - Caldwell |
|
| 20,190 |
|
|
| 14,946 |
|
|
| 38,579 |
|
|
| 29,112 |
|
Professional fees - IQTalent1 |
|
| 2,797 |
|
|
| 2,741 |
|
|
| 5,563 |
|
|
| 5,911 |
|
Consolidated professional fees |
|
| 22,987 |
|
|
| 17,687 |
|
|
| 44,142 |
|
|
| 35,023 |
|
Direct expense reimbursements |
|
| 171 |
|
|
| 179 |
|
|
| 376 |
|
|
| 378 |
|
Revenues |
|
| 23,158 |
|
|
| 17,866 |
|
|
| 44,518 |
|
|
| 35,401 |
|
Cost of sales |
|
| 18,187 |
|
|
| 14,061 |
|
|
| 35,130 |
|
|
| 29,105 |
|
Reimbursed direct expenses |
|
| 171 |
|
|
| 179 |
|
|
| 376 |
|
|
| 378 |
|
Gross profit |
|
| 4,800 |
|
|
| 3,626 |
|
|
| 9,012 |
|
|
| 5,918 |
|
Selling, general and administrative expenses2 |
|
| 5,449 |
|
|
| 4,783 |
|
|
| 9,642 |
|
|
| 9,305 |
|
Restructuring income3 |
|
| - |
|
|
| - |
|
|
| - |
|
|
| (7,979 | ) |
Operating profit (loss) |
|
| (649 | ) |
|
| (1,157 | ) |
|
| (630 | ) |
|
| 4,592 |
|
Finance expenses (income) |
|
| (354 | ) |
|
| 83 |
|
|
| (840 | ) |
|
| 495 |
|
Earnings (loss) before tax |
|
| (295 | ) |
|
| (1,240 | ) |
|
| 210 |
|
|
| 4,097 |
|
Income tax (recovery) expense |
|
| (84 | ) |
|
| (375 | ) |
|
| (44 | ) |
|
| 1,184 |
|
Net earnings (loss) after tax |
|
| (211 | ) |
|
| (865 | ) |
|
| 254 |
|
|
| 2,913 |
|
Basic earnings (loss) per share |
| $ | (0.007 | ) |
| $ | (0.029 | ) |
| $ | 0.009 |
|
| $ | 0.099 |
|
Basic earnings (loss) per share adjusted for restructuring income4 |
| $ | (0.007 | ) |
| $ | (0.029 | ) |
| $ | 0.009 |
|
| $ | (0.073 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Professional fees of IQTalent are presented net of elimination of intercompany revenue.
Selling, general and administrative expenses include a benefit of
$20 related to share-based compensation as a result of share price decrease in the current quarter, compared to a benefit of$12 in the same quarter last year.Restructuring income of
$7,979 in the first quarter of the prior year includes separation expense of$1,089 for management staff reductions at IQTalent, more than offset by a net gain on lease termination of$9,068 as IQTalent negotiated a termination of its Nashville leased facility resulting in a recovery of lease impairment charges expensed in the fourth quarter of the prior year.Non-GAAP measure calculated by excluding tax-adjusted restructuring income from net earnings after tax, and dividing by the number of shares outstanding at the end of the period. This measure allows for enhanced comparability of the current quarter results compared to the same quarter last year. See following page for the calculation.
"Our second quarter results reflect strong year-over-year growth at Caldwell, with an increase in professional fees of
"Looking ahead to the second half of the fiscal year we are encouraged by our momentum in March yet prudent in our outlook. While certain sectors continue to invest and hire, we are observing some shifts in client sentiment, particularly in Canada and select U.S. sectors, that indicate a more cautious approach to hiring decisions in the short term on current market uncertainties."
Beck continued: "We continue to believe in the long-term resilience and value of our teams and talent solutions. We were pleased to add three new partners during the quarter and remain active in recruiting in the marketplace. While near-term demand may fluctuate, our focus remains on disciplined execution and providing clients with agile, insight-driven support to help them navigate change and seize opportunity."
The Board of Directors today also declared a dividend of 0.25 cents per Common Share (one-quarter of a cent per Common Share), payable to holders of Common Shares of record on April 22, 2025, to be paid on June 17, 2025.
About Caldwell Partners
Caldwell Partners is a technology-powered talent acquisition firm specializing in recruitment at all levels. Through two distinct brands - Caldwell and IQTalent - the firm leverages the latest innovations in AI to offer an integrated spectrum of services delivered by teams with deep knowledge in their respective areas. Services include candidate research and sourcing through to full recruitment at the professional, executive and board levels, as well as a suite of talent strategy and assessment tools that can help clients hire the right people, then manage and inspire them to achieve maximum business results.
Caldwell Partners' common shares are listed on The Toronto Stock Exchange (TSX: CWL) and trade on the OTCQX Market (OTCQX: CWLPF). Please visit our website at www.caldwell.com for further information.
Adjusted Earnings Per Share (EPS)
The table below reconciles adjusted EPS, which is a non-GAAP financial measure, to our reported net earnings after tax. Restructuring income was $nil for the first and second quarters of fiscal 2025, as well as for the second quarter of fiscal 2024. As a result, adjusted EPS was the same as reported EPS for these periods.
| Six months ended |
| ||
|
| 02.29.24 |
| |
Net earnings after tax (reported) |
| $ | 2,913 |
|
Less: After-tax restructuring income1 |
| $ | 5,072 |
|
Adjusted loss |
| $ | (2,159 | ) |
Weighted average number of common shares outstanding |
|
| 29,558,932 |
|
Basic loss per share adjusted for restructuring income |
| $ | (0.073 | ) |
Calculated by applying IQTalent's fiscal 2024 effective tax rate of
36.4% to pre-tax restructuring income of$7,979 :
Restructuring income$7,979
Less: Tax at36.4% $2,907
After-tax restructuring income$5,072
Forward-Looking Statements
Forward-looking statements in this document are based on current expectations subject to the significant risks and uncertainties cited. These forward-looking statements generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "may," "will," "likely," "estimates," "potential," "continue" or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements.
We are subject to many factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statement including, but not limited to, the impact of pandemic diseases, our ability to attract and retain key personnel; exposure to our partners taking our clients with them to another firm; the performance of the US, Canadian and international economies; risks related to deposit-taking institutions; foreign currency exchange rate fluctuations; competition from other companies directly or indirectly engaged in talent acquisition; cybersecurity requirements, vulnerabilities, threats and attacks; damage to our brand reputation; our ability to align our cost structure to changes in our revenue; liability risk in the services we perform; potential legal liability from clients, employees and candidates for employment; reliance on software that we license from third parties; reliance on third-party contractors for talent acquisition support; the classification of third-party labour as contractors versus employee relationships; our ability to successfully recover from a disaster or other business continuity issues; adverse governmental and tax law rulings; successfully integrating or realizing the expected benefits from our acquisitions, adverse operating issues from acquired businesses; volatility of the market price and trading volume of our common shares; technological advances may significantly disrupt the labour market and weaken demand for human capital at a rapid rate; affiliation agreements may fail to renew or affiliates may be acquired; the impact on profitability from marketable securities valuation fluctuations; increasing dependence on third parties for the execution of critical functions; our ability to generate sufficient cash flow from operations to support our growth and fund any dividends; potential impairment of our acquired goodwill and intangible assets; and disruption as a result of actions of certain stockholders or potential acquirers of the Company. For more information on the factors that could affect the outcome of forward-looking statements, refer to the "Risk Factors" section of our Annual Information Form and other public filings (copies of which may be obtained at www.sedar.com). These factors should be considered carefully, and the reader should not place undue reliance on forward-looking statements. Although any forward-looking statements are based on what management currently believes to be reasonable assumptions, we cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements. Management's assumptions may prove to be incorrect. Except as required by Canadian securities laws, we do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf; such statements speak only as of the date made. The forward-looking statements included herein are expressly qualified in their entirety by this cautionary language.
For further information, please contact:
Investors:
Shreya Lathia, Vice President and Chief Financial Officer
slathia@caldwell.com
+1 (416) 934-2241
Media:
Caroline Lomot, Vice President, Marketing & Communications
clomot@caldwell.com
+1 (516) 830-3535
THE CALDWELL PARTNERS INTERNATIONAL INC.
CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
(unaudited - in
| As at 'February |
| As at 'August 31 |
|
| ||||
| 2025 |
|
| 2024 |
|
| |||
Assets |
|
|
|
|
|
|
| ||
Current Assets |
|
|
|
|
|
|
| ||
Cash and cash equivalents |
|
| 7,796 |
|
|
| 19,634 |
|
|
Accounts receivable |
|
| 15,461 |
|
|
| 12,664 |
|
|
Income taxes receivable |
|
| 244 |
|
|
| 177 |
|
|
Unbilled revenue |
|
| 6,650 |
|
|
| 5,859 |
|
|
Prepaid expenses and other assets |
|
| 1,976 |
|
|
| 2,327 |
|
|
|
| 32,127 |
|
|
| 40,661 |
|
| |
Non-current assets |
|
|
|
|
|
|
|
|
|
Prepaid expenses and other assets |
|
| 293 |
|
|
| 276 |
|
|
Investments |
|
| 1,737 |
|
|
| 1,682 |
|
|
Advances |
|
| 1,254 |
|
|
| 904 |
|
|
Deferred income taxes |
|
| 7,892 |
|
|
| 6,851 |
|
|
Property and equipment |
|
| 1,652 |
|
|
| 1,698 |
|
|
Right-of-use assets |
|
| 5,123 |
|
|
| 5,406 |
|
|
Intangible assets |
|
| 65 |
|
|
| 88 |
|
|
Goodwill |
|
| 11,831 |
|
|
| 11,186 |
|
|
Total Assets |
|
| 61,974 |
|
|
| 68,752 |
|
|
|
|
|
|
|
|
|
|
| |
Liabilities |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
| 2,862 |
|
|
| 3,409 |
|
|
Dividend payable |
|
| 74 |
|
|
| - |
|
|
Compensation payable |
|
| 18,566 |
|
|
| 26,023 |
|
|
Lease liability |
|
| 1,643 |
|
|
| 1,644 |
|
|
|
| 23,145 |
|
|
| 31,076 |
|
| |
Non-Current liabilities |
|
|
|
|
|
|
|
|
|
Compensation payable |
|
| 730 |
|
|
| 692 |
|
|
Lease liability |
|
| 4,588 |
|
|
| 4,858 |
|
|
|
| 28,463 |
|
|
| 36,626 |
|
| |
Equity attributable to owners of the Company |
|
|
|
|
|
|
|
|
|
Share capital |
|
| 15,392 |
|
|
| 15,392 |
|
|
Contributed surplus |
|
| 15,671 |
|
|
| 15,541 |
|
|
Treasury shares |
|
| (6 | ) |
|
| - |
|
|
Accumulated other comprehensive income |
|
| 2,957 |
|
|
| 1,802 |
|
|
Deficit |
|
| (503 | ) |
|
| (609 | ) |
|
Total equity |
|
| 33,511 |
|
|
| 32,126 |
|
|
Total liabilities and equity |
|
| 61,974 |
|
|
| 68,752 |
|
|
THE CALDWELL PARTNERS INTERNATIONAL INC.
CONSOLIDATED INTERIM STATEMENTS OF EARNINGS
(unaudited - in
| Three months ended |
|
| Six months ended |
| |||||||||||
| February 28, |
|
| February 29, |
|
| February 28, |
|
| February 29, |
| |||||
Revenues |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Professional fees |
|
| 22,987 |
|
|
| 17,687 |
|
|
| 44,142 |
|
|
| 35,023 |
|
Direct expense reimbursements |
|
| 171 |
|
|
| 179 |
|
|
| 376 |
|
|
| 378 |
|
|
| 23,158 |
|
|
| 17,866 |
|
|
| 44,518 |
|
|
| 35,401 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Cost of sales expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
| 18,187 |
|
|
| 14,061 |
|
|
| 35,130 |
|
|
| 29,105 |
|
Reimbursed direct expenses |
|
| 171 |
|
|
| 179 |
|
|
| 376 |
|
|
| 378 |
|
|
| 18,358 |
|
|
| 14,240 |
|
|
| 35,506 |
|
|
| 29,483 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Gross Profit |
|
| 4,800 |
|
|
| 3,626 |
|
|
| 9,012 |
|
|
| 5,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Selling, general and administrative |
|
| 5,449 |
|
|
| 4,783 |
|
|
| 9,642 |
|
|
| 9,305 |
|
Restructuring and other (income) expense |
|
| - |
|
|
| - |
|
|
| - |
|
|
| (7,979 | ) |
|
| 5,449 |
|
|
| 4,783 |
|
|
| 9,642 |
|
|
| 1,326 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Operating Profit (Loss) |
|
| (649 | ) |
|
| (1,157 | ) |
|
| (630 | ) |
|
| 4,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Finance expenses (income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense on lease liability |
|
| 99 |
|
|
| 105 |
|
|
| 200 |
|
|
| 502 |
|
Investment (income) expense |
|
| (64 | ) |
|
| (65 | ) |
|
| (185 | ) |
|
| (55 | ) |
Foreign exchange (income) loss |
|
| (389 | ) |
|
| 43 |
|
|
| (855 | ) |
|
| 48 |
|
Earnings (loss) before income tax |
|
| (295 | ) |
|
| (1,240 | ) |
|
| 210 |
|
|
| 4,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Income tax expense (recovery) |
|
| (84 | ) |
|
| (375 | ) |
|
| (44 | ) |
|
| 1,184 |
|
Net earnings (loss) for the period attributable to owners of the Company |
|
| (211 | ) |
|
| (865 | ) |
|
| 254 |
|
|
| 2,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Earnings (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
| $ | (0.007 | ) |
| $ | (0.029 | ) |
| $ | 0.009 |
|
| $ | 0.099 |
|
Diluted |
| $ | (0.007 | ) |
| $ | (0.029 | ) |
| $ | 0.009 |
|
| $ | 0.098 |
|
CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE EARNINGS
(unaudited - in
| Three months ended |
|
| Six months ended |
| |||||||||||
| 28-Feb-25 |
|
| 29-Feb-24 |
|
| 28-Feb-25 |
|
| 29-Feb-24 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net earnings (loss) for the period |
|
| (211 | ) |
|
| (865 | ) |
|
| 254 |
|
|
| 2,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Items that may be reclassified subsequently to net earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on marketable securities |
|
| - |
|
|
| 31 |
|
|
| 1 |
|
|
| 36 |
|
Cumulative translation adjustment |
|
| 535 |
|
|
| (27 | ) |
|
| 1,154 |
|
|
| (24 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| 324 |
|
|
| (861 | ) |
|
| 1,409 |
|
|
| 2,925 |
| |
THE CALDWELL PARTNERS INTERNATIONAL INC.
CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY
(unaudited - in
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) |
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
| Deficit |
|
| Share Capital |
|
| Contributed Surplus |
|
| Treasury Shares |
|
| Cumulative Translation Adjustment |
|
| (Loss)Gain on Marketable Securities |
|
| Total Equity |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
Balance - August 31, 2023 |
|
| (4,797 | ) |
|
| 15,392 |
|
|
| 15,282 |
|
|
| - |
|
|
| 1,886 |
|
|
| (39 | ) |
|
| 27,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net earnings for the six months ended February 29, 2024 |
|
| 2,913 |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 2,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Share-based payment expense |
|
| - |
|
|
| - |
|
|
| 131 |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Gain on marketable securities available for sale |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 36 |
|
|
| 36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Change in cumulative translation adjustment |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| (24 | ) |
|
| - |
|
|
| (24 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Balance - February 29, 2024 |
|
| (1,884 | ) |
|
| 15,392 |
|
|
| 15,413 |
|
|
| - |
|
|
| 1,862 |
|
|
| (3 | ) |
|
| 30,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Balance - August 31, 2024 |
|
| (609 | ) |
|
| 15,392 |
|
|
| 15,541 |
|
|
| - |
|
|
| 1,806 |
|
|
| (4 | ) |
|
| 32,126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net earnings for the six months ended February 28, 2025 |
|
| 254 |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 254 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Share-based payment expense |
|
| - |
|
|
| - |
|
|
| 130 |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Dividend payments declared |
|
| (148 | ) |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
|
|
|
|
| (148 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Gain on marketable securities available for sale |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 1 |
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Treasury Shares |
|
| - |
|
|
| - |
|
|
| - |
|
|
| (6 | ) |
|
| - |
|
|
| - |
|
|
| (6 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Change in cumulative translation adjustment |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| 1,154 |
|
|
| - |
|
|
| 1,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Balance - February 28, 2025 |
|
| (503 | ) |
|
| 15,392 |
|
|
| 15,671 |
|
|
| (6 | ) |
|
| 2,960 |
|
|
| (3 | ) |
|
| 33,511 |
|
|
THE CALDWELL PARTNERS INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF CASH FLOW
(unaudited - in
| Six months ended |
| ||||||
| February 28, 2025 |
|
| 'February 29, 2024 |
| |||
|
|
|
|
|
| |||
Cash flow provided by (used in) |
|
|
|
|
|
| ||
|
|
|
|
|
| |||
Operating activities |
|
|
|
|
|
| ||
Net earnings for the period |
|
| 254 |
|
|
| 2,913 |
|
Add (deduct) items not affecting cash |
|
|
|
|
|
|
|
|
Depreciation of property and equipment |
|
| 217 |
|
|
| 192 |
|
Depreciation of right-of-use assets |
|
| 664 |
|
|
| 937 |
|
Amortization of intangible assets |
|
| 28 |
|
|
| 27 |
|
Amortization of advances |
|
| 687 |
|
|
| 248 |
|
Interest expense on lease liabilities |
|
| 200 |
|
|
| 502 |
|
Share based payment expense |
|
| 130 |
|
|
| 131 |
|
(Gain) loss on unrealized foreign exchange on subsidiary loans |
|
| (576 | ) |
|
| (37 | ) |
Losses related to equity accounted associate |
|
| 60 |
|
|
| 246 |
|
(Gain) loss on lease modification |
|
| - |
|
|
| (7,741 | ) |
Changes in working capital |
|
| (12,382 | ) |
|
| (10,458 | ) |
|
|
|
|
|
|
|
| |
Net cash used in operating activities |
|
| (10,718 | ) |
|
| (13,040 | ) |
|
|
|
|
|
|
|
| |
Investing activities |
|
|
|
|
|
|
|
|
Purchase of property and equipment |
|
| (119 | ) |
|
| (211 | ) |
Payment of advances |
|
| (1,130 | ) |
|
| (21 | ) |
Repayment of advances |
|
| 859 |
|
|
| - |
|
Sale of marketable securities |
|
| - |
|
|
| 68 |
|
Purchase of marketable securities |
|
| - |
|
|
| (64 | ) |
|
|
|
|
|
|
|
| |
Net cash used in investing activities |
|
| (390 | ) |
|
| (228 | ) |
|
|
|
|
|
|
|
| |
Financing activities |
|
|
|
|
|
|
|
|
Payment of lease liabilities |
|
| (881 | ) |
|
| (1,175 | ) |
Payment of dividends |
|
| (74 | ) |
|
| - |
|
Purchase of treasury shares |
|
| (6 | ) |
|
| - |
|
Sublease payments received |
|
| - |
|
|
| 16 |
|
|
|
|
|
|
|
|
| |
Net cash used in financing activities |
|
| (961 | ) |
|
| (1,159 | ) |
|
|
|
|
|
|
|
| |
Effect of exchange rate changes on cash and cash equivalents |
|
| 231 |
|
|
| (66 | ) |
Net decrease in cash and cash equivalents |
|
| (11,838 | ) |
|
| (14,493 | ) |
Cash and cash equivalents, beginning of year |
|
| 19,634 |
|
|
| 22,053 |
|
Cash and cash equivalents, end of period |
|
| 7,796 |
|
|
| 7,560 |
|
SOURCE: Caldwell Partners International, Inc.
View the original press release on ACCESS Newswire
FAQ
What was Caldwell's (CWLPF) revenue performance in Q2 2025?
How much did CWLPF lose per share in Q2 2025?
What is the dividend amount and payment date for Caldwell (CWLPF)?
How did Caldwell's professional fees segment perform in Q2 2025?
What is CWLPF's business outlook for the second half of fiscal 2025?
