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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	393.96	349.5	315.24	241.75	315.63	226.82
Revenue Growth (YoY)	29.55%	10.87%	30.40%	-23.41%	39.16%	9.06%
Cost of Revenue	205.54	192.12	172.89	123.48	175.5	128.6
Gross Profit	188.42	157.39	142.35	118.26	140.13	98.22
Selling, General & Admin	29.87	29.74	22.64	22.68	21.55	18.88
Other Operating Expenses	-	-	-	-	-	-1.1
Operating Expenses	30.15	30.01	22.95	23.02	21.94	18.26
Operating Income	158.27	127.37	119.4	95.24	118.19	79.96
Interest Expense	-22.52	-26.66	-27.41	-24.26	-22.85	-25.03
Interest & Investment Income	3.73	2.84	3.21	1.61	0.57	0.57
Currency Exchange Gain (Loss)	3.52	0.41	0.1	1.11	0.08	-0.37
Other Non Operating Income (Expenses)	-20.84	-20.65	4.88	17.12	-36.62	34.51
EBT Excluding Unusual Items	122.17	83.31	100.18	90.82	59.37	89.65
Gain (Loss) on Sale of Assets	0.13	0.06	0.05	0.04	0.15	0.04
Asset Writedown	-8.11	-28.44	-24.46	21.55	19.37	-76.48
Pretax Income	114.19	54.93	75.78	112.42	78.89	13.21
Income Tax Expense	55.44	21.4	12.8	23.06	22.58	1.74
Net Income	58.75	33.53	62.98	89.35	56.31	11.46
Net Income to Common	58.75	33.53	62.98	89.35	56.31	11.46
Net Income Growth	412.88%	-46.76%	-29.52%	58.68%	391.20%	-69.63%
Shares Outstanding (Basic)	32	30	31	32	33	33
Shares Outstanding (Diluted)	32	31	31	33	33	33
Shares Change (YoY)	9.53%	-1.36%	-4.61%	-1.86%	-0.17%	-0.18%
EPS (Basic)	1.85	1.10	2.04	2.75	1.70	0.34
EPS (Diluted)	1.84	1.09	2.03	2.74	1.70	0.34
EPS Growth	367.14%	-46.30%	-25.91%	61.18%	400.00%	-69.91%
Free Cash Flow	114.63	97.7	48.09	17.62	71.6	52.06
Free Cash Flow Per Share	3.59	3.18	1.55	0.54	2.15	1.56
Dividend Per Share	0.460	0.440	0.640	0.580	0.440	0.340
Dividend Growth	-6.12%	-31.25%	10.35%	31.82%	29.41%	-32.00%
Gross Margin	47.83%	45.03%	45.16%	48.92%	44.40%	43.30%
Operating Margin	40.17%	36.45%	37.88%	39.40%	37.45%	35.25%
Profit Margin	14.91%	9.59%	19.98%	36.96%	17.84%	5.05%
Free Cash Flow Margin	29.09%	27.95%	15.25%	7.29%	22.69%	22.95%
EBITDA	159.46	128.62	120.66	96.59	119.53	81.37
EBITDA Margin	40.48%	36.80%	38.28%	39.95%	37.87%	35.88%
D&A For EBITDA	1.19	1.25	1.26	1.35	1.33	1.41
EBIT	158.27	127.37	119.4	95.24	118.19	79.96
EBIT Margin	40.17%	36.44%	37.88%	39.40%	37.45%	35.25%
Effective Tax Rate	48.55%	38.96%	16.89%	20.52%	28.62%	13.18%

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