Richelieu Hardware Income Statement

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

Millions CAD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	1,964	1,832	1,788	1,803	1,440
Revenue Growth (YoY)	7.19%	2.49%	-0.83%	25.16%	27.71%
Cost of Revenue	1,750	1,631	1,557	1,515	1,206
Gross Profit	213.88	201.42	230.4	287.44	234.4
Amortization of Goodwill & Intangibles	10.89	10.82	10.86	10.64	7.9
Operating Expenses	75.85	68.96	60.93	48.65	36.96
Operating Income	138.03	132.46	169.48	238.8	197.44
Interest Expense	-14.35	-11.66	-13.28	-7.14	-2.7
EBT Excluding Unusual Items	123.69	120.81	156.2	231.65	194.74
Pretax Income	123.69	120.81	156.2	231.65	194.74
Income Tax Expense	33.12	31.33	42.37	61.7	52.41
Earnings From Continuing Operations	90.57	89.48	113.83	169.95	142.33
Minority Interest in Earnings	-4.75	-3.73	-2.35	-1.56	-0.57
Net Income	85.82	85.75	111.47	168.39	141.76
Net Income to Common	85.82	85.75	111.47	168.39	141.76
Net Income Growth	0.08%	-23.07%	-33.80%	18.78%	66.35%
Shares Outstanding (Basic)	55	56	56	56	56
Shares Outstanding (Diluted)	55	56	56	56	56
Shares Change (YoY)	-1.34%	-0.16%	-0.23%	-0.21%	-0.32%
EPS (Basic)	1.55	1.54	2.00	3.01	2.54
EPS (Diluted)	1.55	1.53	1.98	2.99	2.51
EPS Growth	1.31%	-22.73%	-33.78%	19.12%	67.33%
Free Cash Flow	187.17	103.61	234.23	-53.71	88.45
Free Cash Flow Per Share	3.38	1.85	4.17	-0.95	1.57
Dividend Per Share	0.613	0.600	0.600	0.520	0.280
Dividend Growth	2.20%	-	15.38%	85.71%	39.93%
Gross Margin	10.89%	10.99%	12.89%	15.94%	16.27%
Operating Margin	7.03%	7.23%	9.48%	13.25%	13.71%
Profit Margin	4.37%	4.68%	6.24%	9.34%	9.84%
Free Cash Flow Margin	9.53%	5.66%	13.10%	-2.98%	6.14%
EBITDA	213.88	162.95	196.64	262.16	215.76
EBITDA Margin	10.89%	8.89%	11.00%	14.54%	14.98%
D&A For EBITDA	75.85	30.49	27.17	23.36	18.32
EBIT	138.03	132.46	169.48	238.8	197.44
EBIT Margin	7.03%	7.23%	9.48%	13.25%	13.71%
Effective Tax Rate	26.77%	25.93%	27.13%	26.64%	26.91%

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