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	Dec '25 Dec 31, 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	81	84.07	65.29	24.57	22.15	13.36
Revenue Growth (YoY)	7.18%	28.76%	165.75%	10.92%	65.83%	-
Cost of Revenue	34.1	29.87	32.69	9.68	-1.02	4.95
Gross Profit	46.89	54.2	32.6	14.89	23.17	8.41
Selling, General & Admin	27.05	26.14	17.55	8.42	8.35	2.76
Other Operating Expenses	3.91	5.58	6.2	6.99	8.62	3.07
Operating Expenses	36.9	38.15	27.76	16.08	17.64	6.38
Operating Income	9.99	16.05	4.85	-1.19	5.53	2.03
Interest Expense	-13.02	-7.28	-5.63	-1.92	-1.27	-1.09
Other Non Operating Income (Expenses)	-0.46	-0.12	2.55	0.29	-0.18	0.03
EBT Excluding Unusual Items	-3.48	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	-3.48	8.65	1.79	-2.8	4.09	0.99
Income Tax Expense	-0.39	1.83	-0.66	-0.58	1.88	0.27
Net Income	-3.1	6.83	2.45	-2.21	2.2	0.71
Net Income to Common	-3.1	6.83	2.45	-2.21	2.2	0.71
Net Income Growth	-	178.68%	-	-	207.93%	-
Shares Outstanding (Basic)	118	117	94	36	-	-
Shares Outstanding (Diluted)	118	117	94	36	-	-
Shares Change (YoY)	0.83%	24.51%	158.24%	-	-	-
EPS (Basic)	-0.03	0.06	0.03	-0.06	-	-
EPS (Diluted)	-0.03	0.06	0.03	-0.06	-	-
EPS Growth	-	123.82%	-	-	-	-
Free Cash Flow	1.41	12.05	10.55	-1.29	3.34	1.03
Free Cash Flow Per Share	0.01	0.10	0.11	-0.04	-	-
Gross Margin	57.90%	64.47%	49.94%	60.59%	104.60%	62.92%
Operating Margin	12.34%	19.09%	7.42%	-4.86%	24.98%	15.19%
Profit Margin	-3.83%	8.12%	3.75%	-9.01%	9.94%	5.35%
Free Cash Flow Margin	1.74%	14.34%	16.16%	-5.23%	15.08%	7.71%
EBITDA	14.23	20.53	7.17	0.52	5.58	2.58
EBITDA Margin	17.57%	24.42%	10.98%	2.11%	25.17%	19.34%
D&A For EBITDA	4.24	4.48	2.32	1.71	0.04	0.55
EBIT	9.99	16.05	4.85	-1.19	5.53	2.03
EBIT Margin	12.34%	19.09%	7.42%	-4.86%	24.98%	15.19%
Effective Tax Rate	-	21.12%	-	-	46.11%	27.56%
Revenue as Reported	81	84.07	65.29	24.57	22.15	13.36

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