Acadian Timber 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
Revenue	86.96	116.19	93.48	90.47	95.73
Revenue Growth (YoY)	-25.16%	24.29%	3.32%	-5.49%	5.16%
Cost of Revenue	62.67	79.49	65.42	64.27	66.09
Gross Profit	24.29	36.7	28.06	26.2	29.64
Selling, General & Admin	10.98	13.04	8.13	8.07	7.62
Operating Expenses	10.98	13.04	8.49	8.34	7.88
Operating Income	13.32	23.66	19.57	17.87	21.76
Interest Expense	-4.02	-3.12	-3.15	-3.1	-2.98
Currency Exchange Gain (Loss)	-	-	-	-	0.43
Other Non Operating Income (Expenses)	6.19	7.22	13.93	11.06	2.35
EBT Excluding Unusual Items	15.48	27.76	30.34	25.83	21.57
Gain (Loss) on Sale of Assets	0.57	0.54	0.66	0.06	0.47
Asset Writedown	51.48	2.69	9.05	23.25	4.42
Pretax Income	67.53	30.99	40.05	49.13	26.45
Income Tax Expense	18.56	9.25	10.61	13.63	7.77
Net Income	48.97	21.74	29.43	35.51	18.68
Net Income to Common	48.97	21.74	29.43	35.51	18.68
Net Income Growth	125.29%	-26.15%	-17.10%	90.04%	-15.38%
Shares Outstanding (Basic)	18	18	17	17	17
Shares Outstanding (Diluted)	18	18	17	17	17
Shares Change (YoY)	3.37%	2.58%	1.98%	0.63%	-
EPS (Basic)	2.70	1.24	1.72	2.11	1.12
EPS (Diluted)	2.70	1.24	1.72	2.11	1.12
EPS Growth	117.95%	-28.01%	-18.71%	88.85%	-15.38%
Free Cash Flow	3.62	23.55	9.79	14.86	15.9
Free Cash Flow Per Share	0.20	1.34	0.57	0.89	0.95
Dividend Per Share	1.160	1.160	1.160	1.160	1.160
Gross Margin	27.93%	31.58%	30.01%	28.96%	30.96%
Operating Margin	15.31%	20.36%	20.93%	19.75%	22.73%
Profit Margin	56.32%	18.71%	31.49%	39.25%	19.52%
Free Cash Flow Margin	4.16%	20.27%	10.48%	16.42%	16.61%
EBITDA	15.2	24.18	19.93	18.14	22.02
EBITDA Margin	17.48%	20.81%	21.32%	20.05%	23.00%
D&A For EBITDA	1.88	0.52	0.36	0.27	0.26
EBIT	13.32	23.66	19.57	17.87	21.76
EBIT Margin	15.31%	20.36%	20.93%	19.75%	22.73%
Effective Tax Rate	27.48%	29.85%	26.50%	27.73%	29.37%

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