CSE:ERTH Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6.81	6.9	13.92	17.27	12.3
Revenue Growth (YoY)	-1.23%	-50.43%	-19.41%	40.41%	2326.63%
Operations & Maintenance	-	-	-	0.2	-
Selling, General & Admin	2.38	2.45	2.46	3.11	5.02
Depreciation & Amortization	2.26	2.2	2.2	1.9	1.21
Provision for Bad Debts	0.04	0.18	-0.14	-0.4	0.65
Other Operating Expenses	6.62	6.26	12.56	14.92	9
Total Operating Expenses	11.55	12.06	17.48	20.62	16.03
Operating Income	-4.73	-5.16	-3.56	-3.35	-3.73
Interest Expense	-0.95	-0.2	-0.21	-0.17	-0.12
Interest Income	-	-	0.02	0.01	0
Net Interest Expense	-0.95	-0.2	-0.19	-0.16	-0.11
Currency Exchange Gain (Loss)	-0.01	-0	-0.01	-0.04	-0.02
Other Non-Operating Income (Expenses)	0.09	0.12	0.17	0.24	0.11
EBT Excluding Unusual Items	-5.6	-5.24	-3.6	-3.31	-3.76
Total Merger & Restructuring Charges	-	-	-	-0.53	-0.15
Impairment of Goodwill	-	-	-	-1.72	-
Gain (Loss) on Sale of Assets	-	-0.04	0	-0.18	-
Asset Writedown	-3.04	-3.18	-	-1.31	-
Insurance Settlements	-	-	0.4	0.04	-
Other Unusual Items	-	3.1	2.67	-0.72	-0.73
Pretax Income	-8.64	-5.36	-0.52	-7.73	-4.63
Income Tax Expense	-	-1.09	-0.61	-0.65	0.07
Net Income	-8.64	-4.27	0.08	-7.08	-4.7
Net Income to Common	-8.64	-4.27	0.08	-7.08	-4.7
Shares Outstanding (Basic)	144	142	142	120	75
Shares Outstanding (Diluted)	144	142	142	120	75
Shares Change (YoY)	1.52%	-	18.14%	60.98%	59.89%
EPS (Basic)	-0.06	-0.03	0.00	-0.06	-0.06
EPS (Diluted)	-0.06	-0.03	0.00	-0.06	-0.06
Free Cash Flow	-3.23	-0.14	-2.2	-8.7	-2.34
Free Cash Flow Per Share	-0.02	-0.00	-0.02	-0.07	-0.03
Profit Margin	-126.84%	-61.89%	0.60%	-41.02%	-38.24%
Free Cash Flow Margin	-47.43%	-2.00%	-15.81%	-50.38%	-19.03%
EBITDA	-2.48	-3.22	-1.59	-1.52	-2.59
EBITDA Margin	-36.37%	-46.61%	-11.44%	-8.81%	-21.03%
D&A For EBITDA	2.26	1.95	1.97	1.83	1.15
EBIT	-4.73	-5.16	-3.56	-3.35	-3.73
EBIT Margin	-69.48%	-74.81%	-25.61%	-19.42%	-30.36%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.