MTL Cannabis Corp. (CSE: MTLC)

MTL Cannabis Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	74.95	65.29	24.57	22.15	13.36
Revenue Growth (YoY)	59.95%	165.75%	10.92%	65.83%	-
Cost of Revenue	28.54	32.69	9.68	-1.02	4.95
Gross Profit	46.41	32.6	14.89	23.17	8.41
Selling, General & Admin	24.28	17.78	8.42	8.35	2.76
Other Operating Expenses	5.08	6.2	6.99	8.62	3.07
Operating Expenses	35.42	27.99	16.08	17.64	6.38
Operating Income	10.99	4.61	-1.19	5.53	2.03
Interest Expense	-6.92	-5.63	-1.92	-1.27	-1.09
Other Non Operating Income (Expenses)	0.11	2.8	0.29	-0.18	0.03
EBT Excluding Unusual Items	4.18	1.79	-2.82	4.09	0.97
Other Unusual Items	-	-	0.02	-	0.02
Pretax Income	4.18	1.79	-2.8	4.09	0.99
Income Tax Expense	1.5	-0.66	-0.58	1.88	0.27
Net Income	2.69	2.45	-2.21	2.2	0.71
Net Income to Common	2.69	2.45	-2.21	2.2	0.71
Net Income Growth	135.13%	-	-	207.93%	-
Shares Outstanding (Basic)	117	94	36	-	-
Shares Outstanding (Diluted)	117	94	36	-	-
Shares Change (YoY)	100.07%	158.24%	-	-	-
EPS (Basic)	0.02	0.03	-0.06	-	-
EPS (Diluted)	0.02	0.03	-0.06	-	-
Free Cash Flow	10.02	10.55	-1.29	3.34	1.03
Free Cash Flow Per Share	0.09	0.11	-0.04	-	-
Gross Margin	61.92%	49.93%	60.59%	104.60%	62.92%
Operating Margin	14.67%	7.06%	-4.86%	24.98%	15.19%
Profit Margin	3.58%	3.75%	-9.00%	9.94%	5.35%
Free Cash Flow Margin	13.37%	16.16%	-5.23%	15.08%	7.71%
EBITDA	14.83	7.38	0.52	5.58	2.58
EBITDA Margin	19.79%	11.31%	2.11%	25.17%	19.34%
D&A For EBITDA	3.84	2.77	1.71	0.04	0.55
EBIT	10.99	4.61	-1.19	5.53	2.03
EBIT Margin	14.67%	7.06%	-4.86%	24.98%	15.19%
Effective Tax Rate	35.78%	-	-	46.11%	27.56%
Revenue as Reported	74.95	65.29	24.57	22.15	13.36

Source: S&P Capital IQ. Standard template. Financial Sources.