FRA:7RD 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	241.96	173.13	166.28	176.94	125.08	97.57
Revenue Growth (YoY)	46.54%	4.12%	-6.02%	41.46%	28.19%	0.35%
Cost of Revenue	216.01	146.94	147.48	150.85	107.47	81.92
Gross Profit	25.95	26.19	18.8	26.09	17.61	15.65
Selling, General & Admin	15.29	15.14	13.17	12.71	10.93	10.52
Operating Expenses	15.29	15.14	13.17	12.71	10.93	10.52
Operating Income	10.66	11.06	5.63	13.38	6.69	5.14
Interest Expense	-6.92	-8.74	-8.27	-5.57	-4.36	-3.09
Interest & Investment Income	1.48	1.75	1.63	0.51	0.44	0.49
Currency Exchange Gain (Loss)	0.95	1.39	-0.23	-2.18	-0.01	0.02
Other Non Operating Income (Expenses)	-2.85	-3.14	0.71	-1.05	-0.37	1.45
EBT Excluding Unusual Items	3.32	2.31	-0.53	5.09	2.39	4.01
Asset Writedown	-	-	-	-2.47	-	-
Other Unusual Items	-	-	-	0.58	-1.38	-
Pretax Income	3.32	2.31	-0.53	3.21	1.01	4.01
Income Tax Expense	0.95	1.04	-0	0.82	0.51	1.06
Net Income	2.37	1.27	-0.53	2.39	0.5	2.95
Net Income to Common	2.37	1.27	-0.53	2.39	0.5	2.95
Net Income Growth	992.17%	-	-	381.25%	-83.18%	0.17%
Shares Outstanding (Basic)	10	9	9	9	9	9
Shares Outstanding (Diluted)	10	9	9	9	9	11
Shares Change (YoY)	2.88%	2.54%	0.53%	0.39%	-16.27%	20.23%
EPS (Basic)	0.25	0.13	-0.06	0.26	0.05	0.32
EPS (Diluted)	0.07	0.13	-0.06	0.26	0.05	0.25
EPS Growth	295.84%	-	-	420.01%	-80.31%	-20.66%
Free Cash Flow	-2.96	1.18	10.63	-27.01	-20.09	-8.16
Free Cash Flow Per Share	-0.31	0.13	1.15	-2.95	-2.20	-0.75
Gross Margin	10.72%	15.13%	11.30%	14.74%	14.08%	16.04%
Operating Margin	4.41%	6.39%	3.39%	7.56%	5.35%	5.27%
Profit Margin	0.98%	0.73%	-0.32%	1.35%	0.40%	3.02%
Free Cash Flow Margin	-1.22%	0.68%	6.39%	-15.26%	-16.06%	-8.37%
EBITDA	15.81	16.01	12.75	18.01	10.45	7.38
EBITDA Margin	6.53%	9.25%	7.67%	10.18%	8.35%	7.56%
D&A For EBITDA	5.15	4.95	7.12	4.62	3.76	2.24
EBIT	10.66	11.06	5.63	13.38	6.69	5.14
EBIT Margin	4.41%	6.39%	3.39%	7.56%	5.35%	5.27%
Effective Tax Rate	28.53%	45.09%	-	25.55%	50.65%	26.40%

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