MCAN Mortgage 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
Interest and Dividend Income	267.83	258.8	209.39	134.23	100.97	86.22
Total Interest Expense	174.74	164.41	117.45	72.22	52.2	48.59
Net Interest Income	93.1	94.39	91.95	62.01	48.76	37.63
Mortgage Banking	3.64	3.53	2.42	2.71	1.81	1.77
Gain (Loss) on Sale of Investments	0.64	5.12	9.82	1.27	24.42	-0.72
Other Revenue	34.91	30.82	24.24	27.27	25.68	34.51
Revenue Before Loan Losses	132.28	133.85	128.43	93.27	100.67	73.19
Provision for Loan Losses	7.01	3.26	4.49	-1.07	0.46	2.1
Revenue	125.27	130.59	123.94	94.33	100.21	71.09
Revenue Growth (YoY)	-10.85%	5.37%	31.38%	-5.86%	40.95%	-5.63%
Salaries & Employee Benefits	29.72	27.76	22.82	19.61	18.36	15.05
Cost of Services Provided	31.27	26.13	22.8	19.45	17.75	13.4
Other Operating Expenses	0.15	0.15	0.1	0.21	0.13	-
Total Operating Expenses	61.14	54.04	45.71	39.27	36.24	28.44
Operating Income	64.13	76.55	78.23	55.07	63.97	42.65
EBT Excluding Unusual Items	64.13	76.55	78.23	55.07	63.97	42.65
Pretax Income	64.13	76.55	78.23	55.07	63.97	42.65
Income Tax Expense	-0.88	-1.03	0.73	-0.29	-0.4	-0.24
Net Income	65.01	77.59	77.5	55.35	64.36	42.89
Net Income to Common	65.01	77.59	77.5	55.35	64.36	42.89
Net Income Growth	-27.54%	0.11%	40.00%	-14.00%	50.05%	-11.18%
Shares Outstanding (Basic)	39	38	35	31	27	25
Shares Outstanding (Diluted)	39	38	35	31	27	25
Shares Change (YoY)	6.52%	7.92%	11.55%	16.80%	9.17%	1.83%
EPS (Basic)	1.66	2.06	2.22	1.77	2.40	1.75
EPS (Diluted)	1.66	2.06	2.22	1.77	2.40	1.75
EPS Growth	-31.98%	-7.23%	25.51%	-26.36%	37.44%	-12.78%
Free Cash Flow	67.66	48.97	-60.26	27.99	-113.73	58.81
Free Cash Flow Per Share	1.73	1.30	-1.73	0.90	-4.25	2.40
Dividend Per Share	1.620	1.560	1.480	1.440	1.360	1.360
Dividend Growth	4.52%	5.41%	2.78%	5.88%	-	6.25%
Operating Margin	51.19%	58.62%	63.12%	58.37%	63.83%	59.99%
Profit Margin	51.90%	59.41%	62.53%	58.68%	64.23%	60.33%
Free Cash Flow Margin	54.02%	37.50%	-48.63%	29.67%	-113.50%	82.72%
Effective Tax Rate	-	-	0.93%	-	-	-

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