Chorus Aviation Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,316	1,405	1,400	1,596	1,023
Revenue	1,316	1,405	1,400	1,596	1,023
Revenue Growth (YoY)	-6.30%	0.38%	-12.29%	55.95%	7.86%
Cost of Revenue	944.36	1,018	971.01	969.79	616.52
Gross Profit	372.14	387.28	428.61	626.01	406.76
Other Operating Expenses	165.26	178.25	178.6	207.07	134.65
Operating Expenses	272.54	284.12	270.08	389.19	281.19
Operating Income	99.61	103.16	158.53	236.82	125.57
Interest Expense	-17.62	-51.76	-42.84	-104.89	-97.21
Interest & Investment Income	3.82	4.37	2.18	4.05	0.88
Currency Exchange Gain (Loss)	12.81	-47.97	19.15	-13.61	-4.6
Other Non Operating Income (Expenses)	-	-	-	-	0.34
EBT Excluding Unusual Items	98.62	7.81	137.03	122.37	24.98
Merger & Restructuring Charges	-	-	-	-	-32.71
Gain (Loss) on Sale of Investments	-	-	-	-0.13	-
Gain (Loss) on Sale of Assets	0.02	0.1	0.01	0.17	1.73
Asset Writedown	-	-10.52	-	-20.5	-21.88
Other Unusual Items	-	-	-	-28.06	-
Pretax Income	98.64	-2.61	137.04	73.85	-27.88
Income Tax Expense	19.9	13.15	35.41	21.93	-7.4
Earnings From Continuing Operations	78.74	-15.76	101.63	51.92	-20.49
Earnings From Discontinued Operations	-	-140.69	4.48	-	-
Net Income to Company	78.74	-156.45	106.11	51.92	-20.49
Minority Interest in Earnings	-	-2.05	-4.75	-3.03	-
Net Income	78.74	-158.5	101.35	48.89	-20.49
Preferred Dividends & Other Adjustments	-	107.22	35.43	22.9	-
Net Income to Common	78.74	-265.72	65.93	25.99	-20.49
Net Income Growth	-	-	107.31%	-	-
Shares Outstanding (Basic)	26	27	28	28	25
Shares Outstanding (Diluted)	26	27	29	28	25
Shares Change (YoY)	-4.41%	-4.71%	1.10%	13.02%	7.62%
EPS (Basic)	3.05	-9.70	2.36	0.94	-0.83
EPS (Diluted)	3.01	-9.70	2.29	0.91	-0.84
EPS Growth	-	-	151.65%	-	-
Free Cash Flow	27.86	212.13	257.39	217.23	110.28
Free Cash Flow Per Share	1.06	7.74	8.95	7.64	4.38
Dividend Per Share	0.270	-	-	-	-
Gross Margin	28.27%	27.57%	30.62%	39.23%	39.75%
Operating Margin	7.57%	7.34%	11.33%	14.84%	12.27%
Profit Margin	5.98%	-18.91%	4.71%	1.63%	-2.00%
Free Cash Flow Margin	2.12%	15.10%	18.39%	13.61%	10.78%
EBITDA	204.54	206.53	248.16	416.76	270.4
EBITDA Margin	15.54%	14.70%	17.73%	26.12%	26.42%
D&A For EBITDA	104.94	103.36	89.63	179.94	144.83
EBIT	99.61	103.16	158.53	236.82	125.57
EBIT Margin	7.57%	7.34%	11.33%	14.84%	12.27%
Effective Tax Rate	20.18%	-	25.84%	29.70%	-

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