Avicanna Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	25.5	25.46	16.79	4.05	3.27	1.57
Revenue Growth (YoY)	2.41%	51.62%	314.82%	23.83%	108.20%	833.16%
Cost of Revenue	12.16	12.56	10.13	2.93	0.44	2.14
Gross Profit	13.33	12.9	6.66	1.12	2.83	-0.57
Selling, General & Admin	14.5	14.67	11.89	9.22	11.87	13.5
Operating Expenses	16.53	17.58	15.04	11.53	14.25	18.42
Operating Income	-3.2	-4.68	-8.38	-10.41	-11.41	-18.99
Interest Expense	-0.19	-0.33	-0.61	-1.67	-0.74	-0.26
Currency Exchange Gain (Loss)	0.5	0.47	-0.03	0.09	-0.08	-0.08
Other Non Operating Income (Expenses)	1.02	0.92	0.27	-0.1	-0.08	-2.78
EBT Excluding Unusual Items	-1.88	-3.62	-8.75	-12.09	-12.31	-22.1
Impairment of Goodwill	-	-	-	-	-	-3.21
Gain (Loss) on Sale of Investments	-	-	-	-	-0.34	0.52
Gain (Loss) on Sale of Assets	0	-0	0	-1.52	0.05	-
Asset Writedown	-	-	-	-1.12	-4.16	-10.26
Pretax Income	-1.88	-3.62	-8.74	-14.74	-16.76	-35.05
Income Tax Expense	-	-	-	-	0.01	-2.19
Earnings From Continuing Operations	-1.88	-3.62	-8.74	-14.74	-16.77	-32.86
Net Income	-1.88	-3.62	-8.74	-14.74	-16.77	-32.86
Net Income to Common	-1.88	-3.62	-8.74	-14.74	-16.77	-32.86
Shares Outstanding (Basic)	113	100	85	59	41	29
Shares Outstanding (Diluted)	113	100	85	59	41	29
Shares Change (YoY)	18.57%	18.09%	43.17%	43.31%	40.45%	43.37%
EPS (Basic)	-0.02	-0.04	-0.10	-0.25	-0.41	-1.12
EPS (Diluted)	-0.02	-0.04	-0.10	-0.25	-0.41	-1.12
Free Cash Flow	-1.79	-2.95	-1.45	-7.49	-12.43	-15.59
Free Cash Flow Per Share	-0.02	-0.03	-0.02	-0.13	-0.30	-0.53
Gross Margin	52.29%	50.66%	39.66%	27.55%	86.63%	-36.31%
Operating Margin	-12.55%	-18.38%	-49.90%	-257.18%	-349.15%	-1209.41%
Profit Margin	-7.36%	-14.21%	-52.07%	-364.02%	-513.15%	-2093.02%
Free Cash Flow Margin	-7.01%	-11.59%	-8.63%	-184.94%	-380.32%	-992.99%
EBITDA	-2.92	-4.14	-7.87	-9.79	-10.85	-18.21
EBITDA Margin	-11.45%	-16.25%	-46.87%	-241.77%	-	-
D&A For EBITDA	0.28	0.54	0.51	0.62	0.56	0.78
EBIT	-3.2	-4.68	-8.38	-10.41	-11.41	-18.99
EBIT Margin	-12.55%	-18.38%	-49.90%	-257.18%	-	-
Revenue as Reported	25.5	25.46	16.79	4.05	3.27	1.57

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