Kits Eyecare 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	193.4	159.34	120.51	91.64	82.4	75.22
Revenue Growth (YoY)	32.31%	32.22%	31.50%	11.21%	9.55%	103.86%
Cost of Revenue	123.87	105.69	79.72	62.39	61.51	53.83
Gross Profit	69.53	53.65	40.79	29.25	20.89	21.39
Selling, General & Admin	60.46	49.72	40.09	33.65	34.67	19.44
Operating Expenses	61.37	50.89	42.22	35.94	37.05	21.45
Operating Income	8.16	2.75	-1.43	-6.7	-16.15	-0.06
Interest Expense	-0.82	-1.2	-1.56	-1.63	-1.49	-2.22
Interest & Investment Income	0.58	0.58	0.59	0.11	0.07	0.01
Currency Exchange Gain (Loss)	0.8	2.67	-0.95	2.34	0.71	-
Other Non Operating Income (Expenses)	-0.55	-0.36	0.47	-	-	-
EBT Excluding Unusual Items	8.17	4.45	-2.89	-5.88	-16.86	-2.27
Merger & Restructuring Charges	-	-	-	-	-	-0.17
Other Unusual Items	-	-	-	-	-1.98	-4.65
Pretax Income	8.17	4.45	-2.89	-5.88	-18.84	-7.09
Income Tax Expense	2.59	1.34	-0.68	-1.32	-4.23	-0.51
Net Income	5.58	3.12	-2.22	-4.55	-14.62	-6.58
Net Income to Common	5.58	3.12	-2.22	-4.55	-14.62	-6.58
Shares Outstanding (Basic)	32	32	31	31	30	9
Shares Outstanding (Diluted)	34	34	31	31	30	9
Shares Change (YoY)	7.93%	7.52%	0.38%	3.81%	227.45%	30.21%
EPS (Basic)	0.17	0.10	-0.07	-0.15	-0.49	-0.72
EPS (Diluted)	0.16	0.09	-0.07	-0.15	-0.49	-0.72
Free Cash Flow	7.59	9.88	1.84	4.42	-23.09	3.99
Free Cash Flow Per Share	0.22	0.29	0.06	0.14	-0.77	0.43
Gross Margin	35.95%	33.67%	33.85%	31.91%	25.35%	28.43%
Operating Margin	4.22%	1.73%	-1.19%	-7.31%	-19.60%	-0.08%
Profit Margin	2.89%	1.96%	-1.84%	-4.97%	-17.74%	-8.75%
Free Cash Flow Margin	3.92%	6.20%	1.53%	4.82%	-28.03%	5.31%
EBITDA	9.72	4.5	0.84	-4.35	-14.33	1.4
EBITDA Margin	5.03%	2.83%	0.70%	-4.74%	-17.39%	1.87%
D&A For EBITDA	1.56	1.75	2.28	2.35	1.83	1.46
EBIT	8.16	2.75	-1.43	-6.7	-16.15	-0.06
EBIT Margin	4.22%	1.73%	-1.19%	-7.31%	-19.60%	-0.08%
Effective Tax Rate	31.73%	29.99%	-	-	-	-

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