Melcor Developments Ltd. (MODVF)

Melcor Developments Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	350.5	349.5	315.24	241.75	315.63	226.82
Revenue Growth (YoY)	6.56%	10.87%	30.40%	-23.41%	39.16%	9.06%
Cost of Revenue	189.41	192.12	172.89	123.48	175.5	128.6
Gross Profit	161.09	157.39	142.35	118.26	140.13	98.22
Selling, General & Admin	31.53	29.74	22.64	22.68	21.55	18.88
Other Operating Expenses	-	-	-	-	-	-1.1
Operating Expenses	31.81	30.01	22.95	23.02	21.94	18.26
Operating Income	129.28	127.37	119.4	95.24	118.19	79.96
Interest Expense	-24.88	-26.66	-27.41	-24.26	-22.85	-25.03
Interest & Investment Income	3.28	2.84	3.21	1.61	0.57	0.57
Currency Exchange Gain (Loss)	0.38	0.41	0.1	1.11	0.08	-0.37
Other Non Operating Income (Expenses)	-44.28	-20.65	4.88	17.12	-36.62	34.51
EBT Excluding Unusual Items	63.77	83.31	100.18	90.82	59.37	89.65
Gain (Loss) on Sale of Assets	0.01	0.06	0.05	0.04	0.15	0.04
Asset Writedown	-15.51	-28.44	-24.46	21.55	19.37	-76.48
Pretax Income	48.28	54.93	75.78	112.42	78.89	13.21
Income Tax Expense	22.52	21.4	12.8	23.06	22.58	1.74
Net Income	25.76	33.53	62.98	89.35	56.31	11.46
Net Income to Common	25.76	33.53	62.98	89.35	56.31	11.46
Net Income Growth	-65.01%	-46.76%	-29.52%	58.68%	391.20%	-69.63%
Shares Outstanding (Basic)	30	30	31	32	33	33
Shares Outstanding (Diluted)	31	31	31	33	33	33
Shares Change (YoY)	-0.39%	-1.36%	-4.61%	-1.86%	-0.17%	-0.18%
EPS (Basic)	0.85	1.10	2.04	2.75	1.70	0.34
EPS (Diluted)	0.83	1.09	2.03	2.74	1.70	0.34
EPS Growth	-65.07%	-46.30%	-25.91%	61.18%	400.00%	-69.91%
Free Cash Flow	127.46	97.7	48.09	17.62	71.6	52.06
Free Cash Flow Per Share	4.12	3.18	1.55	0.54	2.15	1.56
Dividend Per Share	0.440	0.440	0.640	0.580	0.440	0.340
Dividend Growth	-25.42%	-31.25%	10.35%	31.82%	29.41%	-32.00%
Gross Margin	45.96%	45.03%	45.16%	48.92%	44.40%	43.30%
Operating Margin	36.88%	36.45%	37.88%	39.40%	37.45%	35.25%
Profit Margin	7.35%	9.59%	19.98%	36.96%	17.84%	5.05%
Free Cash Flow Margin	36.37%	27.95%	15.25%	7.29%	22.69%	22.95%
EBITDA	130.5	128.62	120.66	96.59	119.53	81.37
EBITDA Margin	37.23%	36.80%	38.28%	39.95%	37.87%	35.88%
D&A For EBITDA	1.22	1.25	1.26	1.35	1.33	1.41
EBIT	129.28	127.37	119.4	95.24	118.19	79.96
EBIT Margin	36.88%	36.44%	37.88%	39.40%	37.45%	35.25%
Effective Tax Rate	46.65%	38.96%	16.89%	20.52%	28.62%	13.18%

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