HMFAF 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 26, 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	270.98	244.9	238.29	225.92	190.13	148.22
Revenue Growth (YoY)	12.69%	2.77%	5.47%	18.83%	28.27%	-0.25%
Cost of Revenue	174.99	154	152.08	154.29	134.26	98.78
Gross Profit	95.99	90.9	86.21	71.63	55.87	49.45
Selling, General & Admin	70.01	63.29	58.25	52.17	44.37	37.48
Other Operating Expenses	0.1	0.09	0.08	0.15	0.14	0.14
Operating Expenses	70.11	63.38	58.33	52.32	44.5	37.62
Operating Income	25.89	27.52	27.88	19.31	11.37	11.83
Interest Expense	-3.29	-3.47	-3.09	-1.94	-1.48	-1.62
Interest & Investment Income	0.73	0.6	0.04	-	-	-
Earnings From Equity Investments	0.11	0.11	0.01	-0.05	0.02	-0.01
Currency Exchange Gain (Loss)	-0.31	-0.22	0.03	-1.27	-0.01	0.4
EBT Excluding Unusual Items	23.12	24.54	24.87	16.05	9.89	10.59
Gain (Loss) on Sale of Assets	-0.05	-0.01	0.13	-0.02	0.02	-0.01
Other Unusual Items	-	-	-	-	0.25	-0.28
Pretax Income	23.07	24.52	25	16.04	10.16	10.3
Income Tax Expense	5.78	6.15	6.24	4.03	2.46	2.58
Net Income	17.29	18.37	18.76	12	7.7	7.72
Net Income to Common	17.29	18.37	18.76	12	7.7	7.72
Net Income Growth	-7.22%	-2.06%	56.30%	55.84%	-0.29%	62.64%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11	11
EPS (Basic)	1.53	1.62	1.66	1.06	0.68	0.68
EPS (Diluted)	1.52	1.62	1.66	1.06	0.68	0.68
EPS Growth	-7.58%	-2.13%	56.30%	55.84%	-0.07%	62.29%
Free Cash Flow	18.35	21.69	3.28	-15.35	2.82	10.19
Free Cash Flow Per Share	1.62	1.91	0.29	-1.35	0.25	0.90
Gross Margin	35.42%	37.12%	36.18%	31.71%	29.39%	33.36%
Operating Margin	9.55%	11.24%	11.70%	8.55%	5.98%	7.98%
Profit Margin	6.38%	7.50%	7.87%	5.31%	4.05%	5.21%
Free Cash Flow Margin	6.77%	8.86%	1.38%	-6.79%	1.48%	6.87%
EBITDA	33.02	34.28	33.57	24.01	15.3	15.33
EBITDA Margin	12.19%	14.00%	14.09%	10.63%	8.05%	10.34%
D&A For EBITDA	7.13	6.76	5.69	4.7	3.93	3.5
EBIT	25.89	27.52	27.88	19.31	11.37	11.83
EBIT Margin	9.55%	11.24%	11.70%	8.55%	5.98%	7.98%
Effective Tax Rate	25.05%	25.07%	24.95%	25.14%	24.20%	25.00%

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