MTL Cannabis Income Statement

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	84.04	84.07	65.29	24.57	22.15	13.36
Revenue Growth (YoY)	14.72%	28.76%	165.75%	10.92%	65.83%	-
Cost of Revenue	32.32	29.87	32.69	9.68	-1.02	4.95
Gross Profit	51.71	54.2	32.6	14.89	23.17	8.41
Selling, General & Admin	25.83	26.14	17.55	8.42	8.35	2.76
Other Operating Expenses	6.67	5.58	6.2	6.99	8.62	3.07
Operating Expenses	38.57	38.15	27.76	16.08	17.64	6.38
Operating Income	13.14	16.05	4.85	-1.19	5.53	2.03
Interest Expense	-7.5	-7.28	-5.63	-1.92	-1.27	-1.09
Other Non Operating Income (Expenses)	-0.11	-0.12	2.55	0.29	-0.18	0.03
EBT Excluding Unusual Items	5.53	8.65	1.77	-2.82	4.09	0.97
Merger & Restructuring Charges	-	-	-0.23	-	-	-
Other Unusual Items	-	-	0.25	0.02	-	0.02
Pretax Income	5.53	8.65	1.79	-2.8	4.09	0.99
Income Tax Expense	0.95	1.83	-0.66	-0.58	1.88	0.27
Net Income	4.58	6.83	2.45	-2.21	2.2	0.71
Net Income to Common	4.58	6.83	2.45	-2.21	2.2	0.71
Net Income Growth	-5.52%	178.68%	-	-	207.93%	-
Shares Outstanding (Basic)	117	117	94	36	-	-
Shares Outstanding (Diluted)	117	117	94	36	-	-
Shares Change (YoY)	4.77%	24.51%	158.24%	-	-	-
EPS (Basic)	0.04	0.06	0.03	-0.06	-	-
EPS (Diluted)	0.04	0.06	0.03	-0.06	-	-
EPS Growth	-9.82%	123.82%	-	-	-	-
Free Cash Flow	7.27	12.05	10.55	-1.29	3.34	1.03
Free Cash Flow Per Share	0.06	0.10	0.11	-0.04	-	-
Gross Margin	61.53%	64.47%	49.94%	60.59%	104.60%	62.92%
Operating Margin	15.64%	19.09%	7.42%	-4.86%	24.98%	15.19%
Profit Margin	5.45%	8.12%	3.75%	-9.01%	9.94%	5.35%
Free Cash Flow Margin	8.65%	14.34%	16.16%	-5.23%	15.08%	7.71%
EBITDA	16.17	20.53	7.17	0.52	5.58	2.58
EBITDA Margin	19.24%	24.42%	10.98%	2.11%	25.17%	19.34%
D&A For EBITDA	3.03	4.48	2.32	1.71	0.04	0.55
EBIT	13.14	16.05	4.85	-1.19	5.53	2.03
EBIT Margin	15.64%	19.09%	7.42%	-4.86%	24.98%	15.19%
Effective Tax Rate	17.21%	21.12%	-	-	46.11%	27.56%
Revenue as Reported	84.04	84.07	65.29	24.57	22.15	13.36

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