Mullen Group 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	2,134	1,989	1,995	1,999	1,477
Revenue Growth (YoY)	7.26%	-0.27%	-0.24%	35.33%	26.89%
Cost of Revenue	1,494	1,386	1,405	1,428	1,060
Gross Profit	639.97	603.58	589.77	571.51	417.44
Selling, General & Admin	287.73	271.38	261.58	241.63	198.76
Amortization of Goodwill & Intangibles	22.27	14.54	13.53	17.2	22.89
Other Operating Expenses	0.02	0.02	0.02	0.02	0.02
Operating Expenses	434.12	402.31	377.49	354.16	312.75
Operating Income	205.85	201.27	212.27	217.35	104.69
Interest Expense	-60.91	-48.32	-37.85	-35.44	-30.8
Interest & Investment Income	6.46	6.13	0.79	0.4	0.42
Earnings From Equity Investments	-0.21	0.78	2.27	8.55	1.66
Currency Exchange Gain (Loss)	8.65	-6.26	4.2	-10.79	0.72
EBT Excluding Unusual Items	159.84	153.61	181.69	180.07	76.69
Merger & Restructuring Charges	-36.6	-	-	-	-
Gain (Loss) on Sale of Investments	0.11	0.68	-0.25	2.94	1.17
Gain (Loss) on Sale of Assets	-3.53	-0.52	1.7	27.87	0.29
Other Unusual Items	-	-	-	-	17.85
Pretax Income	119.82	153.77	183.14	210.88	96
Income Tax Expense	28.71	41.51	46.42	52.26	23.56
Net Income	91.11	112.26	136.72	158.62	72.44
Net Income to Common	91.11	112.26	136.72	158.62	72.44
Net Income Growth	-18.84%	-17.89%	-13.81%	118.98%	13.22%
Shares Outstanding (Basic)	88	88	90	93	96
Shares Outstanding (Diluted)	96	97	99	102	96
Shares Change (YoY)	-0.94%	-1.89%	-3.23%	6.53%	-4.47%
EPS (Basic)	1.03	1.28	1.52	1.70	0.75
EPS (Diluted)	1.01	1.23	1.45	1.62	0.75
EPS Growth	-17.55%	-15.40%	-10.32%	115.83%	17.96%
Free Cash Flow	210.16	224.6	175.15	181.56	129.76
Free Cash Flow Per Share	2.18	2.31	1.77	1.77	1.35
Dividend Per Share	0.840	0.770	0.720	0.680	0.480
Dividend Growth	9.09%	6.94%	5.88%	41.67%	45.45%
Gross Margin	29.99%	30.34%	29.57%	28.58%	28.26%
Operating Margin	9.65%	10.12%	10.64%	10.87%	7.09%
Profit Margin	4.27%	5.64%	6.85%	7.93%	4.90%
Free Cash Flow Margin	9.85%	11.29%	8.78%	9.08%	8.78%
EBITDA	302.61	289.19	299.05	305.7	200.82
EBITDA Margin	14.18%	14.54%	14.99%	15.29%	13.59%
D&A For EBITDA	96.76	87.92	86.78	88.35	96.13
EBIT	205.85	201.27	212.27	217.35	104.69
EBIT Margin	9.65%	10.12%	10.64%	10.87%	7.09%
Effective Tax Rate	23.96%	26.99%	25.35%	24.78%	24.54%

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