MTL Cannabis Income Statement

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

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	75.57	65.29	24.57	22.15	13.36
Revenue Growth (YoY)	27.08%	165.75%	10.92%	65.83%	-
Cost of Revenue	29.42	32.69	9.68	-1.02	4.95
Gross Profit	46.15	32.6	14.89	23.17	8.41
Selling, General & Admin	24.68	17.78	8.42	8.35	2.76
Other Operating Expenses	5.2	6.2	6.99	8.62	3.07
Operating Expenses	36.03	27.99	16.08	17.64	6.38
Operating Income	10.13	4.61	-1.19	5.53	2.03
Interest Expense	-7.04	-5.63	-1.92	-1.27	-1.09
Other Non Operating Income (Expenses)	-0.1	2.8	0.29	-0.18	0.03
EBT Excluding Unusual Items	2.99	1.79	-2.82	4.09	0.97
Other Unusual Items	-	-	0.02	-	0.02
Pretax Income	2.99	1.79	-2.8	4.09	0.99
Income Tax Expense	1.97	-0.66	-0.58	1.88	0.27
Net Income	1.01	2.45	-2.21	2.2	0.71
Net Income to Common	1.01	2.45	-2.21	2.2	0.71
Net Income Growth	-69.66%	-	-	207.93%	-
Shares Outstanding (Basic)	117	94	36	-	-
Shares Outstanding (Diluted)	117	94	36	-	-
Shares Change (YoY)	53.46%	158.24%	-	-	-
EPS (Basic)	0.01	0.03	-0.06	-	-
EPS (Diluted)	0.01	0.03	-0.06	-	-
Free Cash Flow	12.76	10.55	-1.29	3.34	1.03
Free Cash Flow Per Share	0.11	0.11	-0.04	-	-
Gross Margin	61.08%	49.94%	60.59%	104.60%	62.92%
Operating Margin	13.40%	7.06%	-4.86%	24.98%	15.19%
Profit Margin	1.34%	3.75%	-9.01%	9.94%	5.35%
Free Cash Flow Margin	16.88%	16.16%	-5.23%	15.08%	7.71%
EBITDA	12.22	7.38	0.52	5.58	2.58
EBITDA Margin	16.17%	11.31%	2.11%	25.17%	19.34%
D&A For EBITDA	2.09	2.77	1.71	0.04	0.55
EBIT	10.13	4.61	-1.19	5.53	2.03
EBIT Margin	13.40%	7.06%	-4.86%	24.98%	15.19%
Effective Tax Rate	66.10%	-	-	46.11%	27.56%
Revenue as Reported	75.57	65.29	24.57	22.15	13.36

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