OTC · Financial Statements

Clean Seas Seafood Limited (CTUNF) Financial Statements

$0.08 OTC: CTUNF Market Cap $18.52M

Clean Seas Seafood Limited most recently reported annual revenue of $69.0M, a net loss of $33.0M. Revenue grew at an average annual rate of 8.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Clean Seas Seafood Limited: Revenue rose from $18.0M in 2015 to $69.0M in 2024, a change of +283.3% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 5.0% to -37.2%, a shift of -42.2 percentage points; the most recent year shows a net loss of $33.0M.

Income Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Revenue$18.0M$30.0M$35.0M$42.0M$46.0M$40.0M$48.0M$66.0M$69.0M$69.0M
Operating Expenses$18.0M$40.0M$35.0M$38.0M$45.0M$72.0M$73.0M$49.0M$56.0M$94.0M
Operating Profit$1.0M$-10.0M$0$3.0M$2.0M$-32.0M$-25.0M$17.0M$13.0M$-26.0M
Operating Margin5.0%-32.7%0.8%8.1%3.7%-79.8%-51.4%25.7%18.7%-37.2%
Other Income$-2.0M$0$-5.0M$18.0M$0$0$-7.0M$-8.0M$0$-8.0M
Interest$0$0$0$0$0$1.0M$1.0M$1.0M$0$1.0M
Depreciation$2.0M$2.0M$2.0M$3.0M$3.0M$3.0M$4.0M$4.0M$4.0M$4.0M
Profit Before Tax$1.0M$-10.0M$0$3.0M$1.0M$-14.0M$-32.0M$9.0M$6.0M$-33.0M
Tax$-297.7M$9.5M$0$0$0$0$0$0$0$0
Net Profit$4.0M$-9.0M$0$3.0M$1.0M$-14.0M$-32.0M$9.0M$6.0M$-33.0M
EPS$0.07$-0.16$0.00$0.04$0.02$-0.16$-0.27$0.05$0.04$-0.18
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '19Dec '19Jun '20Dec '20Jun '21Dec '21Jun '22Dec '22Jun '23Dec '23Jun '24Dec '24
Revenue$25.0M$24.0M$16.0M$22.0M$26.0M$31.0M$35.0M$34.0M$35.0M$34.0M$35.0M$31.0M
Operating Expenses$39.0M$33.0M$39.0M$33.0M$38.0M$36.0M$41.0M$36.0M$50.0M$40.0M$37.0M$45.0M
Operating Profit$-15.0M$-9.0M$-23.0M$-11.0M$-12.0M$-5.0M$-6.0M$-2.0M$-14.0M$-6.0M$-3.0M$-14.0M
Operating Margin-60.6%-35.9%-147.3%-47.2%-45.1%-14.7%-16.9%-6.0%-40.8%-18.4%-7.7%-46.4%
Interest$0$1.0M$1.0M$1.0M$1.0M$1.0M$0$0$0$0$0$0
Profit Before Tax$6.0M$5.0M$-19.0M$-22.0M$-10.0M$-2.0M$11.0M$-3.0M$9.0M$-26.0M$-8.0M$-33.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$6.0M$5.0M$-19.0M$-22.0M$-10.0M$-2.0M$11.0M$-3.0M$9.0M$-26.0M$-8.0M$-33.0M
EPS$0.07$0.05$-0.18$-0.20$-0.08$-0.01$0.07$-0.02$0.06$-0.14$-0.04$-0.16

Over the 10 years reported for Clean Seas Seafood Limited, cash stood at $4.0M in the latest year, shareholders' equity was $237.0M, current assets covered current liabilities 3.59 times.

Balance Sheet — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Total Assets$55.0M$50.0M$58.0M$82.0M$94.0M$107.0M$102.0M$99.0M$109.0M$87.0M
Current Assets$38.0M$34.0M$40.0M$62.0M$74.0M$87.0M$82.0M$78.0M$87.0M$61.0M
Cash$2.0M$1.0M$1.0M$6.0M$1.0M$22.0M$30.0M$13.0M$6.0M$4.0M
Inventory$30.0M$29.0M$36.0M$51.0M$66.0M$61.0M$44.0M$57.0M$73.0M$51.0M
Receivables$1.0M$4.0M$4.0M$5.0M$6.0M$3.0M$6.0M$5.0M$5.0M$4.0M
Fixed Assets$13.0M$13.0M$14.0M$17.0M$17.0M$17.0M$16.0M$18.0M$20.0M$23.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$3.0M$7.0M$6.0M$10.0M$20.0M$34.0M$33.0M$19.0M$22.0M$25.0M
Current Liabilities$3.0M$7.0M$5.0M$8.0M$17.0M$19.0M$22.0M$15.0M$17.0M$17.0M
Borrowings$0$3.0M$1.0M$2.0M$12.0M$26.0M$23.0M$8.0M$7.0M$15.0M
Other Liabilities$2.0M$4.0M$5.0M$8.0M$8.0M$8.0M$10.0M$11.0M$16.0M$10.0M
Equity$158.0M$158.0M$166.0M$182.0M$182.0M$196.0M$225.0M$228.0M$228.0M$237.0M
Reserves$52.0M$43.0M$52.0M$72.0M$74.0M$72.0M$69.0M$81.0M$87.0M$62.0M

For Clean Seas Seafood Limited, operating cash flow was positive in 2 of 10 reported years; free cash flow in the latest year was negative at $16.0M; free cash flow was positive in 0 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Operating Cash Flow$-7.0M$-2.0M$-3.0M$-7.0M$-9.0M$-1.0M$-11.0M$5.0M$1.0M$-9.0M
Investing Cash Flow$-3.0M$-3.0M$-5.0M$-10.0M$-6.0M$-5.0M$-7.0M$-13.0M$-10.0M$-13.0M
Financing Cash Flow$0$0$-1.0M$-1.0M$0$10.0M$-2.0M$-2.0M$0$-2.0M
Net Cash Flow$-8.0M$-1.0M$0$5.0M$-12.0M$21.0M$8.0M$-17.0M$-7.0M$-2.0M
Free Cash Flow$-9.0M$-4.0M$-6.0M$-12.0M$-13.0M$-3.0M$-14.0M$-1.0M$-4.0M$-16.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.01
EV / EBITDA-1.33
FCF Yield-56.17%
Quick Ratio0.60
Interest Coverage-42.27
Return 1Y—
Return 3Y—
Return 5Y—

Clean Seas Seafood Limited (CTUNF) financials — frequently asked questions

What is Clean Seas Seafood Limited's annual revenue?

Clean Seas Seafood Limited (CTUNF) reported annual revenue of $69.0M in its most recent fiscal year.

What is Clean Seas Seafood Limited's net profit?

Clean Seas Seafood Limited (CTUNF) reported a net loss of $33.0M in its most recent fiscal year.

What is CTUNF EV/EBITDA?

Clean Seas Seafood Limited's enterprise value to EBITDA (EV/EBITDA) ratio is -1.33. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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