ADLRF Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	22.14	19.61	162.57	190.05	147.66
Other Revenue	154.57	135.38	78.68	8.04	63.2
Revenue	176.7	154.99	241.25	198.08	210.86
Revenue Growth (YoY)	14.01%	-35.76%	21.79%	-6.06%	209.72%
Gross Profit	176.7	154.99	241.25	198.08	210.86
Selling, General & Admin	16.44	18.39	34.41	26.67	17.52
Operating Expenses	25.38	26.02	38.82	29.65	23.09
Operating Income	151.32	128.97	202.43	168.43	187.77
Interest Expense	-9.11	-4.6	-31.53	-28.19	-24.99
Currency Exchange Gain (Loss)	-51.18	80.82	-2.56	14.82	0.65
Other Non Operating Income (Expenses)	-	-	1.88	-0.11	-1.42
EBT Excluding Unusual Items	91.03	205.19	170.22	154.96	162.02
Gain (Loss) on Sale of Assets	-	30.26	-	-	-
Other Unusual Items	-	-	-	-	4.03
Pretax Income	91.03	235.45	170.22	154.96	166.05
Income Tax Expense	0.22	1.03	31.77	24.28	21.8
Net Income	90.81	234.42	138.45	130.68	144.24
Net Income to Common	90.81	234.42	138.45	130.68	144.24
Net Income Growth	-61.26%	69.32%	5.95%	-9.41%	610.88%
Shares Outstanding (Basic)	45	46	45	45	44
Shares Outstanding (Diluted)	54	46	50	50	48
Shares Change (YoY)	17.23%	-7.80%	0.57%	2.68%	32.76%
EPS (Basic)	2.00	5.15	3.05	2.89	3.28
EPS (Diluted)	1.75	5.08	2.93	2.79	3.13
EPS Growth	-65.58%	73.38%	5.02%	-10.86%	458.93%
Free Cash Flow	-124.71	59.37	82.96	152.42	104.16
Free Cash Flow Per Share	-2.31	1.29	1.66	3.06	2.15
Dividend Per Share	1.390	1.360	1.360	1.330	1.280
Dividend Growth	2.21%	-	2.26%	3.91%	-3.21%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	85.64%	83.21%	83.91%	85.03%	89.05%
Profit Margin	51.39%	151.25%	57.39%	65.97%	68.41%
Free Cash Flow Margin	-70.58%	38.30%	34.39%	76.95%	49.40%
EBITDA	151.83	129.51	202.66	168.65	187.98
EBITDA Margin	85.92%	83.56%	84.00%	85.14%	89.15%
D&A For EBITDA	0.51	0.55	0.23	0.22	0.21
EBIT	151.32	128.97	202.43	168.43	187.77
EBIT Margin	85.64%	83.21%	83.91%	85.03%	89.05%
Effective Tax Rate	0.24%	0.44%	18.66%	15.67%	13.13%
Revenue as Reported	176.7	154.99	241.25	198.08	214.89

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