FRA:GQN2 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	2,473	2,555	2,437	2,172	1,597	1,412
Revenue Growth (YoY)	-2.83%	4.84%	12.20%	36.00%	13.13%	9.84%
Cost of Revenue	2,010	2,099	1,987	1,733	1,244	1,067
Gross Profit	463	456	450	439	353	344.59
Selling, General & Admin	333	330	322	294	214	206.9
Amortization of Goodwill & Intangibles	20	29	24	28	20	14.35
Operating Expenses	401	413	393	369	279	260.65
Operating Income	62	43	57	70	74	83.95
Interest Expense	-28	-33	-26	-13	-6	-9.61
Currency Exchange Gain (Loss)	-4	-	-	-	-	-
Other Non Operating Income (Expenses)	7	14	-	-2	-2	0.13
EBT Excluding Unusual Items	37	24	31	55	66	74.47
Merger & Restructuring Charges	-1	-2	-4	-3	-3	-5.16
Gain (Loss) on Sale of Investments	-	2	2	-3	-	-
Gain (Loss) on Sale of Assets	22	17	-	-	-	-
Pretax Income	58	41	29	49	63	69.31
Income Tax Expense	16	9	10	13	20	21.32
Earnings From Continuing Operations	42	32	19	36	43	47.99
Net Income	42	32	19	36	43	47.99
Net Income to Common	42	32	19	36	43	47.99
Net Income Growth	180.00%	68.42%	-47.22%	-16.28%	-10.40%	610.35%
Shares Outstanding (Basic)	24	23	23	23	23	22
Shares Outstanding (Diluted)	24	24	24	24	24	23
Shares Change (YoY)	-0.07%	-0.15%	-0.12%	0.56%	4.25%	4.10%
EPS (Basic)	1.78	1.36	0.81	1.55	1.87	2.18
EPS (Diluted)	1.78	1.36	0.79	1.53	1.84	2.12
EPS Growth	187.73%	72.15%	-48.37%	-16.85%	-13.21%	583.87%
Free Cash Flow	129	121	44	31	102	82.34
Free Cash Flow Per Share	5.46	5.11	1.86	1.31	4.32	3.64
Gross Margin	18.72%	17.85%	18.46%	20.21%	22.10%	24.41%
Operating Margin	2.51%	1.68%	2.34%	3.22%	4.63%	5.95%
Profit Margin	1.70%	1.25%	0.78%	1.66%	2.69%	3.40%
Free Cash Flow Margin	5.22%	4.74%	1.80%	1.43%	6.39%	5.83%
EBITDA	97	90	100	116	109	109.89
EBITDA Margin	3.92%	3.52%	4.10%	5.34%	6.83%	7.79%
D&A For EBITDA	35	47	43	46	35	25.95
EBIT	62	43	57	70	74	83.95
EBIT Margin	2.51%	1.68%	2.34%	3.22%	4.63%	5.95%
Effective Tax Rate	27.59%	21.95%	34.48%	26.53%	31.75%	30.76%

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