MTL Cannabis Corp. (MTLNF)

MTL Cannabis Income Statement

Financials in millions CAD. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	84.07	65.29	24.57	22.15	13.36
Revenue Growth (YoY)	28.76%	165.75%	10.92%	65.83%	-
Cost of Revenue	29.87	32.69	9.68	-1.02	4.95
Gross Profit	54.2	32.6	14.89	23.17	8.41
Selling, General & Admin	26.14	17.55	8.42	8.35	2.76
Other Operating Expenses	5.58	6.2	6.99	8.62	3.07
Operating Expenses	38.15	27.76	16.08	17.64	6.38
Operating Income	16.05	4.85	-1.19	5.53	2.03
Interest Expense	-7.28	-5.63	-1.92	-1.27	-1.09
Other Non Operating Income (Expenses)	-0.12	2.55	0.29	-0.18	0.03
EBT Excluding Unusual Items	8.65	1.77	-2.82	4.09	0.97
Merger & Restructuring Charges	-	-0.23	-	-	-
Other Unusual Items	-	0.25	0.02	-	0.02
Pretax Income	8.65	1.79	-2.8	4.09	0.99
Income Tax Expense	1.83	-0.66	-0.58	1.88	0.27
Net Income	6.83	2.45	-2.21	2.2	0.71
Net Income to Common	6.83	2.45	-2.21	2.2	0.71
Net Income Growth	178.68%	-	-	207.93%	-
Shares Outstanding (Basic)	117	94	36	-	-
Shares Outstanding (Diluted)	117	94	36	-	-
Shares Change (YoY)	24.51%	158.24%	-	-	-
EPS (Basic)	0.06	0.03	-0.06	-	-
EPS (Diluted)	0.06	0.03	-0.06	-	-
EPS Growth	123.82%	-	-	-	-
Free Cash Flow	12.05	10.55	-1.29	3.34	1.03
Free Cash Flow Per Share	0.10	0.11	-0.04	-	-
Gross Margin	64.47%	49.94%	60.59%	104.60%	62.92%
Operating Margin	19.09%	7.42%	-4.86%	24.98%	15.19%
Profit Margin	8.12%	3.75%	-9.01%	9.94%	5.35%
Free Cash Flow Margin	14.34%	16.16%	-5.23%	15.08%	7.71%
EBITDA	20.53	7.17	0.52	5.58	2.58
EBITDA Margin	24.42%	10.98%	2.11%	25.17%	19.34%
D&A For EBITDA	4.48	2.32	1.71	0.04	0.55
EBIT	16.05	4.85	-1.19	5.53	2.03
EBIT Margin	19.09%	7.42%	-4.86%	24.98%	15.19%
Effective Tax Rate	21.12%	-	-	46.11%	27.56%
Revenue as Reported	84.07	65.29	24.57	22.15	13.36

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