Yellow Pages 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	202.23	214.83	239.43	268.28	287.65	333.54
Revenue Growth (YoY)	-7.80%	-10.28%	-10.75%	-6.73%	-13.76%	-17.28%
Cost of Revenue	161.44	163.99	162.57	172.81	185.65	204.1
Gross Profit	40.79	50.84	76.86	95.47	102	129.44
Selling, General & Admin	1.56	1.48	1.95	2.33	3.25	3.8
Other Operating Expenses	0.57	0.1	0.17	0.33	-0.16	-1.17
Operating Expenses	14.55	15.01	15.78	18.05	22.73	30.3
Operating Income	26.24	35.83	61.08	77.42	79.27	99.14
Interest Expense	-0.84	-1.01	-1.22	-1.38	-6.82	-13.49
Interest & Investment Income	1.64	1.52	2.87	2.06	0.9	-
Other Non Operating Income (Expenses)	-0.71	0.02	-0.43	-0.17	-0.17	2.78
EBT Excluding Unusual Items	26.34	36.36	62.3	77.94	73.18	88.44
Merger & Restructuring Charges	-3.93	-1.93	-1.54	-1.5	-5.5	-4.7
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.42
Asset Writedown	-	-	-0.5	-1.4	-	-4.6
Other Unusual Items	-3.97	-	-	1.1	-7.76	-
Pretax Income	18.44	34.43	60.26	76.13	59.91	78.71
Income Tax Expense	5.2	9.45	12.87	2.7	-10.72	18.41
Net Income	13.24	24.98	47.4	73.43	70.64	60.3
Net Income to Common	13.24	24.98	47.4	73.43	70.64	60.3
Net Income Growth	-61.59%	-47.30%	-35.45%	3.96%	17.14%	-36.31%
Shares Outstanding (Basic)	14	14	18	24	26	27
Shares Outstanding (Diluted)	14	14	18	24	27	33
Shares Change (YoY)	-5.89%	-22.62%	-25.76%	-10.41%	-17.92%	0.10%
EPS (Basic)	0.98	1.84	2.70	3.10	2.68	2.27
EPS (Diluted)	0.96	1.82	2.65	3.02	2.64	2.10
EPS Growth	-58.90%	-31.25%	-12.46%	14.56%	25.43%	-33.31%
Free Cash Flow	31.58	38.95	46.73	49.41	104.46	126.75
Free Cash Flow Per Share	2.29	2.83	2.63	2.06	3.91	3.89
Dividend Per Share	1.000	1.000	0.850	0.600	0.600	0.440
Dividend Growth	-	17.65%	41.67%	-	36.36%	-
Gross Margin	20.17%	23.66%	32.10%	35.59%	35.46%	38.81%
Operating Margin	12.97%	16.68%	25.51%	28.86%	27.56%	29.73%
Profit Margin	6.55%	11.63%	19.80%	27.37%	24.56%	18.08%
Free Cash Flow Margin	15.62%	18.13%	19.52%	18.42%	36.32%	38.00%
EBITDA	33.57	44.17	69.49	85.81	88.55	109.02
EBITDA Margin	16.60%	20.56%	29.02%	31.99%	30.78%	32.69%
D&A For EBITDA	7.33	8.34	8.41	8.39	9.27	9.88
EBIT	26.24	35.83	61.08	77.42	79.27	99.14
EBIT Margin	12.97%	16.68%	25.51%	28.86%	27.56%	29.73%
Effective Tax Rate	28.19%	27.45%	21.35%	3.55%	-	23.39%

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