FRA:ARB3 Income Statement

Financials in millions CAD. Fiscal year is May - April.

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	20.26	19.52	19.63	19.54	3.83	-
Revenue Growth (YoY)	4.44%	-0.55%	0.43%	409.85%	-	-
Cost of Revenue	12.21	12.01	12.67	13.5	3.23	-
Gross Profit	8.05	7.51	6.95	6.04	0.6	-
Selling, General & Admin	4.41	3.96	4.8	5.4	4.83	2.46
Research & Development	0.7	0.32	0.53	0.87	0.17	0.16
Operating Expenses	6.53	5.74	6.71	7.26	5.12	2.62
Operating Income	1.52	1.76	0.24	-1.22	-4.51	-2.62
Interest Expense	-0.44	-0.55	-0.62	-0.68	-0.18	-0.03
Currency Exchange Gain (Loss)	-0.02	-0.08	-0.04	0.05	0.02	-
Other Non Operating Income (Expenses)	0.82	0.42	0.17	0.4	0.45	-0.03
EBT Excluding Unusual Items	1.88	1.55	-0.25	-1.44	-4.22	-2.67
Gain (Loss) on Sale of Investments	0.33	-0.63	-0.28	-0.16	0.83	0.28
Gain (Loss) on Sale of Assets	0.16	0.32	0.1	-0.03	-0.01	-
Other Unusual Items	-0.05	-0.01	0.22	0.35	-	-
Pretax Income	2.32	1.23	-0.21	-1.28	-3.4	-2.39
Income Tax Expense	-0.64	-0.44	0.18	-0.12	-0.11	-
Net Income	2.95	1.67	-0.39	-1.16	-3.29	-2.39
Net Income to Common	2.95	1.67	-0.39	-1.16	-3.29	-2.39
Shares Outstanding (Basic)	110	111	110	99	69	42
Shares Outstanding (Diluted)	111	111	110	99	69	42
Shares Change (YoY)	-0.74%	0.31%	11.94%	42.22%	65.13%	77.66%
EPS (Basic)	0.03	0.02	-0.00	-0.01	-0.05	-0.06
EPS (Diluted)	0.03	0.02	-0.00	-0.01	-0.05	-0.06
Free Cash Flow	1.78	4.06	1.74	-0.17	-2.71	-1.91
Free Cash Flow Per Share	0.02	0.04	0.02	-0.00	-0.04	-0.04
Gross Margin	39.74%	38.46%	35.42%	30.92%	15.78%	-
Operating Margin	7.51%	9.04%	1.23%	-6.23%	-117.75%	-
Profit Margin	14.58%	8.55%	-2.00%	-5.96%	-85.85%	-
Free Cash Flow Margin	8.78%	20.79%	8.84%	-0.88%	-70.63%	-
EBITDA	2.84	3.16	1.57	-0.26	-4.18	-2.5
EBITDA Margin	14.03%	16.20%	8.00%	-1.32%	-108.94%	-
D&A For EBITDA	1.32	1.4	1.33	0.96	0.34	0.12
EBIT	1.52	1.76	0.24	-1.22	-4.51	-2.62
EBIT Margin	7.51%	9.04%	1.23%	-6.23%	-117.75%	-
Advertising Expenses	-	0.71	0.74	0.91	0.39	0.04

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