Dye & Durham Reported C$147.9 Million of Finance Costs in FY2026
FY2025: approximately C$132.8m. FY2026: approximately C$147.9m. Finance costs include interest on borrowings, changes in fair value of debt and derivatives, lease obligations and other financing items — not all of which are cash interest expense.
The concise answer
Dye & Durham reported finance costs of approximately C$147.9m in FY2026, up from approximately C$132.8m in FY2025. The company states that finance costs include interest on borrowings, changes in the fair value of debt and derivatives, lease obligations, and other financing items. Finance costs are not the same as cash interest expense and should not be treated interchangeably.
- ›Finance costs were approximately C$132.8m in FY2025 and approximately C$147.9m in FY2026.
- ›The company states finance costs include interest on borrowings, changes in fair value of debt and derivatives, lease obligations and other financing items.
- ›Finance costs are a key reason Adjusted EBITDA and IFRS net loss diverge — see the EBITDA vs net loss reconciliation.
What finance costs include
- Interest on borrowings (term loan, revolver, senior secured notes).
- Changes in the fair value of debt and derivatives.
- Lease obligations.
- Other financing items as disclosed in the audited financial statements.
Because Adjusted EBITDA excludes finance costs entirely, the gap between C$198.8m Adjusted EBITDA and a C$38.5m net loss is driven substantially by this line. Read the original financial statements for the full composition.
Frequently asked questions
Are finance costs the same as cash interest expense?
No. The company says finance costs include interest on borrowings, changes in the fair value of debt and derivatives, lease obligations and other financing items. Not all finance costs are cash interest expense.
Why did finance costs rise in FY2026?
Finance costs increased from approximately C$132.8m in FY2025 to approximately C$147.9m in FY2026. The composition (interest, fair-value changes, leases) should be read in the audited financial statements.