The North West Company Income Statement

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

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Revenue	2,598	2,576	2,472	2,353	2,249	2,359
Revenue Growth (YoY)	2.08%	4.23%	5.05%	4.62%	-4.68%	12.65%
Cost of Revenue	1,712	1,708	1,662	1,605	1,511	1,585
Gross Profit	885.84	868.32	809.42	747.92	737.75	774.55
Selling, General & Admin	546.39	543.4	508.78	469.94	445.52	475.21
Amortization of Goodwill & Intangibles	119.56	115.62	105.28	98.37	90.95	92.08
Operating Expenses	665.95	659.02	614.05	568.32	536.47	567.29
Operating Income	219.9	209.31	195.37	179.6	201.29	207.27
Interest Expense	-17.35	-18.06	-18.52	-14.13	-12.04	-15.73
EBT Excluding Unusual Items	202.55	191.25	176.85	165.47	189.24	191.53
Gain (Loss) on Sale of Assets	-	-	-	-	-	24.71
Asset Writedown	-	-	-	-	-	-9.41
Other Unusual Items	-5.07	-	-	-	-	-19.6
Pretax Income	197.48	191.25	176.85	165.47	207.37	192.54
Income Tax Expense	48.26	47.99	42.56	39.63	49.92	48.98
Earnings From Continuing Operations	149.22	143.25	134.29	125.84	157.45	143.56
Minority Interest in Earnings	-6.13	-5.96	-4.9	-3.65	-2.65	-3.69
Net Income	143.1	137.3	129.39	122.19	154.8	139.87
Net Income to Common	143.1	137.3	129.39	122.19	154.8	139.87
Net Income Growth	9.49%	6.11%	5.89%	-21.07%	10.67%	69.08%
Shares Outstanding (Basic)	48	48	48	48	48	49
Shares Outstanding (Diluted)	49	49	48	49	49	50
Shares Change (YoY)	0.48%	0.26%	-0.45%	-0.78%	-0.99%	0.31%
EPS (Basic)	2.99	2.87	2.71	2.55	3.21	2.87
EPS (Diluted)	2.94	2.83	2.67	2.51	3.16	2.82
EPS Growth	9.27%	5.99%	6.38%	-20.57%	12.06%	67.86%
Free Cash Flow	127.19	120.57	98.87	70.37	137.85	268.17
Free Cash Flow Per Share	2.61	2.48	2.04	1.45	2.81	5.42
Dividend Per Share	1.610	1.580	1.540	1.500	1.460	1.380
Dividend Growth	2.55%	2.60%	2.67%	2.74%	5.80%	4.54%
Gross Margin	34.10%	33.70%	32.75%	31.79%	32.81%	32.83%
Operating Margin	8.46%	8.12%	7.90%	7.63%	8.95%	8.79%
Profit Margin	5.51%	5.33%	5.24%	5.19%	6.88%	5.93%
Free Cash Flow Margin	4.90%	4.68%	4.00%	2.99%	6.13%	11.37%
EBITDA	307.49	292.96	270.27	250.04	266.34	270.4
EBITDA Margin	11.84%	11.37%	10.94%	10.63%	11.84%	11.46%
D&A For EBITDA	87.59	83.65	74.9	70.44	65.06	63.13
EBIT	219.9	209.31	195.37	179.6	201.29	207.27
EBIT Margin	8.46%	8.12%	7.90%	7.63%	8.95%	8.79%
Effective Tax Rate	24.44%	25.09%	24.06%	23.95%	24.07%	25.44%

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