SolarBank Income Statement

Financials in millions CAD. Fiscal year is July - June.

Millions CAD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Operating Revenue	66.7	58.38	18.4	10.2	7.35
Other Revenue	-	-	-	-	-0
Revenue	66.7	58.38	18.4	10.2	7.35
Revenue Growth (YoY)	223.82%	217.31%	80.41%	38.81%	-
Depreciation & Amortization	0.08	0.08	0.05	0.03	0.01
Provision for Bad Debts	-	-	-	-	0.21
Impairment of Goodwill	-4.1	-4.1	-	-	-
Pretax Income	-1.59	-0.63	3.19	-0.31	-0.11
Income Tax Expense	3.79	2.95	0.95	-0.12	0.05
Earnings From Continuing Ops.	-5.38	-3.58	2.24	-0.19	-0.16
Minority Interest in Earnings	0.71	0.1	-	-	0.03
Net Income	-4.67	-3.47	2.24	-0.19	-0.13
Net Income to Common	-4.67	-3.47	2.24	-0.19	-0.13
Shares Outstanding (Basic)	28	27	20	16	16
Shares Outstanding (Diluted)	28	27	37	16	16
Shares Change (YoY)	-34.25%	-27.38%	132.71%	-	-
EPS (Basic)	-0.17	-0.13	0.11	-0.01	-0.01
EPS (Diluted)	-0.17	-0.13	0.06	-0.01	-0.01
Free Cash Flow	5.21	0.75	1.27	0.16	-2.69
Free Cash Flow Per Share	0.19	0.03	0.03	0.01	-0.17
Profit Margin	-7.00%	-5.95%	12.19%	-1.85%	-1.80%
Free Cash Flow Margin	7.80%	1.29%	6.89%	1.57%	-36.59%
EBITDA	2.36	0.69	-2.57	-0.33	-0.06
EBITDA Margin	3.53%	1.19%	-13.95%	-3.28%	-0.79%
D&A For EBITDA	1.6	0.29	0.01	0.03	0.01
EBIT	0.75	0.41	-2.57	-0.36	-0.07
EBIT Margin	1.13%	0.70%	-13.99%	-3.54%	-0.92%
Effective Tax Rate	-	-	29.79%	-	-
Revenue as Reported	66.7	58.38	18.4	10.2	7.35

Source: S&P Capital IQ. Utility template. Financial Sources.