Barnabi, British Columbia. (News File Corporation – March 21, 2025) – Canalin Ice Sports Corporation (TSX: ICE) (“Corporation”, “Canalin” or “Canalin Sports”) reported its financial results today, December 31, 2024.
Year Review ended on December 31, 2024
About $ 4 3.4 million capital projects were completed to enhance consumer experience and increase company activity offers. These include the construction of new golf/sports simulators at the Scotia Barn and Canalin Sports York facilities, renovations of Canon Sports York Sports Bar, and the addition of new turf fields to Canon Sports Liberty Vill.
“The increase in our 2024 income was extraordinary, which reflects our infinite numerous acquisition of our strategic steps,” said Joy St. Obin, the president and CEO of Canalin Sports. “We are especially excited at our food and beverage operations, which has surpassed our expectations and has contributed to strong income and margin improvement. Beyond financial performance, we are investing in the future-growing consumer experiences, such as our Banquet Recruitment, Religious Recruitment, Religious Recruitment, Religious Recruitment, Religious Recruitment, Indoor fields in the village are not only enhancing our facilities to meet the growing demand, but are also in position to create permanent development, flexibility and long -term value.
The company’s CFO, Ivan Wu, added, “Beyond our development measures, we have made significant progress in strengthening our infrastructure for future success.” “Our roof -related programs and changes in life -threatening equipment are expected to create energy utilities in the important factors of our sports complex and improve ice and air quality that raise consumer experience. Reserved a healthy balance sheet for development positions for the return of the jailers. “
Fourth quarter and annual results
3 months expired December 31
The year ended December 31
(In thousands)
2024
2023
2024
2023
Income of ice rink and entertainment facilities
$
26,043
$
24,617
$
94,035
$
86,151
Operating costs
17,612
17,918
69,391
66,771
8,431
6,699
24,644
19,380
G and a spent
3,249
3,680
10,954
9,963
Operating income 1
$
5,182
$
3,019
$
13,690
$
9,417
Share operating income per share
$
0.39
$
0.23
$
1.03
$
0.71
Bell
1,964
1,763
7,558
7,513
Fascination
672
665
2,424
2,195
Interest rate exchange (advantage) loss
(61)
1,682
712
455
The benefit of foreign exchange
(31)
– from.
(34)
(5)
Get on the sale of assets
– from.
(5)
(9)
(15)
Income tax expenditure (recovery)
278
(1,126)
239
(1,161)
Net income
$
2,360
$
40
$
2,800
$
435
Per Share Pure Earnings
$
0.18
$
0.00
$
0.21
$
0.03
Key Balance Sheet data (In thousands): The year ended December 31
2024
2023
Assets
Cash and cash equivalent
21,677
19,029
Property Plant and Goods
97.679
93,328
Other assets
11,146
9,642
Total assets
130,502
1 121,999
Dues and aquati
Loan
40,995
42,948
Lease dues
7,478
6,327
Accounts of payable and deposited responsibilities
15,249
11,742
The delayed income
14,455
14,425
Other dues
3,507
1,901
Total dues
81,684
77,343
Share the capital and support the surplus
63,652
63,652
Foreign Currency Translation Reserve
5,794
2,832
Deficit
(20,628)
(21,828)
Equity of Total shareholders
48,818
44,656
Total dues and equity
130,502
1 121,999
2024 years end results
(Ended on 31 December 2024 compared to the year ended December 31, 2023)
The total operating revenue of.0 94.0 million increased by $ 7.9 million or 9.2 % over 2023. Third -party level fares, tournament registration, ASHL and food and beverage sales were the key drivers to increase the price and volume increase.
Due to utility costs, property tax, labor and other service costs, the cost of 2023 increased by 69.4 million by $ 69.4 million or 3.9 percent. Compared to the previous year, the cost of remedy $ 4.5 million has declined by $ 0.8 million.
Prior to G&A expenses compared to 2023.64.6 million revenue from facility operations increased by 5.3 million or 27.2 %.
After the cost of G 11.0 million, the operating earnings were $ 13.7 million in 2023 compared to 9.4 million. And
Depression, interest costs, loss of interest rates, and net income after income tax, was $ 0.4 million in the previous year or $ 8.8 million or $ 0.21 per share compared to $ 0.03.
The results of the fourth quarter
(Three months ending December 31, 2024, compared to the three months ended on December 31, 2023)
The total operating income of $ 26.0 million increased by 1.4 million or 5.8 % over 2023, mainly due to the increase in revenue from third -party field contracts, ASHL and F&B operations.
Facility operating costs.6 17.6 million costs decreased by $ 0.3 million or 1.7 % over the past year due to lower repair and maintenance costs than 2023.
After the cost of G&A 2 3.2 million, operating income of $ 5.2 million increased by 2.2 million or 71.6 % over 2023. And
The quarter -revenue was 4 2.4 million ($ 0.18 per share) compared to 000 40,000 ($ 0.01 per share) after deportation, borrowing costs, interest rates and income tax expenditure increased.
Profit policy
Canalin’s Board of Directors has approved the continuation of the corporation’s quarterly profit policy. Similarly, the board will be paid to the record shareholders on April 15, 2025, at the end of the trading on March 31, 2025. Canalin’s Board of Directors reviewed the corporation’s profit policy on a quarterly basis. Canalin’s profits have been designated as “eligible” profits under the Income Tax Act (Canada) and any provincial legislation. Under this legislation, people living in Canada may be entitled to increase dividend tax credit, which reduce income tax or otherwise payable.
Filing
Canalin’s financial statements and administration debates and analysis will be available for the year ended December 31, 2024, on March 31, 2025 or before Cedar and through the company’s website, www.canlansports.com.
About the canalin
Canalin Sports is the leader of North America in multi -purpose entertainment and recreational operations and ownership. We are among the largest private sector owners and recreational facilities operators in North America and currently owns 47 ice levels in Canada and the United States as well as 10 indoor football fields, and 15 facilities with 15 strict court levels, lease and/or their management. Please see more about Canon www.canlansports.com.
Canalin Ice Sports Corporation is listed under the “ice” symbol on the Toronto Stock Exchange.
Caution related to the future visible statements
This news release may contain information that creates “waiting” information in the sense of applicable securities law. Often, but not always, not always, the forward -looking information can be identified by the use of forward -looking terms, such as “plans”, “expectations”, “is expected”, “budget”, “schedule”, “estimates”, “predictions”, “predictions”, “predictions”, “predictions”, “predictions”, “predictions” “Goals”, “goals” or “phrases or” phrases or statements can be identified “,” can “,” can “,” can “,” may “be taken”, “may be taken”, will be taken or achieved. The press release includes the expected benefits of capital costs (including energy eligibility and better consumer experiences) and expectations for business growth, but are not limited to them. The information that is visible in the future is based on reasonable assumptions, estimates, reviews, beliefs and management opinions that have been made in light of its experiences and trends, current conditions and expected developments, as well as other factors, as well as other factors that the management is related to this date. In the future, the information visible is subject to different known and unknown risks and uncertainty, many of which are beyond the ability of canlin or beyond the ability to predict, which can lead to the original results, performance or achievements of the canalin, or differently different from those who appear. Material risk factors that can cause the original results to be different from the future information provided here include the factors that are available in the Canon’s public disclosure file.www.sedarplus.ca And, in particular, under the title “Risk Factors” in the company’s MD, which has been set up and available to review the company’s profile.www.sedarplus.ca. Such waiting information represent the administration’s best decision based on the current information available. Accordingly, readers are advised not to rely inappropriately on information. At the same time, the information that is visible in the future is only in accordance with the date of this press release, and the company does not accept new information, estimates or opinions, future events or consequences or any other way to update or revise them, except that applicable securities law.
For more information: Canalin Ice Sports Corporation Ivan Woo CFO 604 736 9152
1 Operating income is described as general and administrative costs and as interest, deprivation, foreign currency exchange, assets sold and income before income tax. However, operating income is not a term that has a specific meaning according to IFRS, and can be calculated differently by other companies. Canalin reconciles operating income with its net income.
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