CAE Inc. Income Statement

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

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	4,863	4,708	4,283	4,011	3,371	2,982
Revenue Growth (YoY)	6.67%	9.93%	6.79%	18.96%	13.06%	-17.70%
Cost of Revenue	3,482	3,408	3,128	2,927	2,416	2,217
Gross Profit	1,381	1,300	1,155	1,084	955.5	765
Selling, General & Admin	600.6	546.5	535	504.8	494.4	405.4
Research & Development	121.1	123.2	149.8	129	120.8	104.7
Other Operating Expenses	-3.2	-5.5	-0.2	-12.4	-0.9	18.1
Operating Expenses	718.5	664.2	684.6	621.4	614.3	528.2
Operating Income	662	635.9	469.9	462.1	341.2	236.8
Interest Expense	-194.4	-193.9	-180.2	-151.3	-113	-118.7
Interest & Investment Income	12.2	13.8	11	10.3	9.1	10.6
Earnings From Equity Investments	87.9	88.3	72.2	53.2	48.5	2.7
Currency Exchange Gain (Loss)	1.4	1.4	2.4	12.6	0.9	17.2
Other Non Operating Income (Expenses)	-39.9	-35.4	-35.8	-29.3	-21.4	-21
EBT Excluding Unusual Items	529.2	510.1	339.5	357.6	265.3	127.6
Merger & Restructuring Charges	-	-56.5	-131.4	-62.6	-146.9	-124
Impairment of Goodwill	-	-	-568	-	-	-
Gain (Loss) on Sale of Investments	-	72.6	-	-	-	-
Gain (Loss) on Sale of Assets	6.4	6.4	-	-	-	-
Asset Writedown	-	-	-35.7	-	-	-103.5
Other Unusual Items	-32.9	-18.9	5.2	-2.6	35.2	12.7
Pretax Income	502.7	513.7	-390.4	292.4	153.6	-87.2
Income Tax Expense	116.1	98.7	-72.8	62.6	3.6	-39.7
Earnings From Continuing Operations	386.6	415	-317.6	229.8	150	-47.5
Earnings From Discontinued Operations	-	-	21.3	2.1	-	-
Net Income to Company	386.6	415	-296.3	231.9	150	-47.5
Minority Interest in Earnings	-10.7	-9.7	-7.7	-9.2	-8.3	0.3
Net Income	375.9	405.3	-304	222.7	141.7	-47.2
Net Income to Common	375.9	405.3	-304	222.7	141.7	-47.2
Net Income Growth	-	-	-	57.16%	-	-
Shares Outstanding (Basic)	321	319	318	318	311	272
Shares Outstanding (Diluted)	322	320	318	318	313	272
Shares Change (YoY)	0.96%	0.48%	-0.07%	1.76%	15.03%	1.65%
EPS (Basic)	1.17	1.27	-0.96	0.70	0.46	-0.17
EPS (Diluted)	1.17	1.27	-0.96	0.70	0.45	-0.17
EPS Growth	-	-	-	54.80%	-	-
Free Cash Flow	574.9	540.3	237.1	109.5	146	259
Free Cash Flow Per Share	1.79	1.69	0.74	0.34	0.47	0.95
Gross Margin	28.39%	27.62%	26.96%	27.02%	28.34%	25.66%
Operating Margin	13.61%	13.51%	10.97%	11.52%	10.12%	7.94%
Profit Margin	7.73%	8.61%	-7.10%	5.55%	4.20%	-1.58%
Free Cash Flow Margin	11.82%	11.48%	5.54%	2.73%	4.33%	8.69%
EBITDA	980.8	915.7	785.7	693.6	552.3	446.9
EBITDA Margin	20.17%	19.45%	18.34%	17.29%	16.38%	14.99%
D&A For EBITDA	318.8	279.8	315.8	231.5	211.1	210.1
EBIT	662	635.9	469.9	462.1	341.2	236.8
EBIT Margin	13.61%	13.51%	10.97%	11.52%	10.12%	7.94%
Effective Tax Rate	23.09%	19.21%	-	21.41%	2.34%	-

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