Pinetree Capital Ltd. (PNPFF)

Acelyrin 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Other Revenue	33.01	33.3	6.65	2.29	2.39	1.68
Revenue	33.01	33.3	6.65	2.29	2.39	1.68
Revenue Growth (YoY)	134.31%	400.87%	190.48%	-4.39%	42.67%	-32.58%
Gross Profit	33.01	33.3	6.65	2.29	2.39	1.68
Selling, General & Admin	1.24	0.79	0.75	0.83	0.64	0.34
Other Operating Expenses	0	-	-	-	-	-
Operating Expenses	1.24	0.79	0.75	0.83	0.64	0.34
Operating Income	31.77	32.52	5.9	1.46	1.76	1.34
Interest Expense	-0.01	-0.01	-0.02	-0.02	-0.02	-0.02
Currency Exchange Gain (Loss)	-0.01	-0	-0.01	-0.19	-0.1	0.04
Other Non Operating Income (Expenses)	-0.14	-0.13	-0.11	-0.1	-0.17	-0.11
EBT Excluding Unusual Items	31.62	32.36	5.77	1.15	1.47	1.25
Pretax Income	31.62	32.36	5.77	1.15	1.47	1.25
Income Tax Expense	0.44	0.04	0.02	-0.03	0.01	0.05
Net Income	31.18	32.33	5.75	1.18	1.46	1.2
Net Income to Common	31.18	32.33	5.75	1.18	1.46	1.2
Net Income Growth	132.59%	461.92%	387.54%	-19.12%	21.28%	-37.28%
Shares Outstanding (Basic)	9	9	9	9	8	5
Shares Outstanding (Diluted)	9	9	9	9	8	5
Shares Change (YoY)	-	-	-	23.24%	68.42%	-
EPS (Basic)	3.32	3.44	0.61	0.13	0.19	0.27
EPS (Diluted)	3.32	3.44	0.61	0.13	0.19	0.27
EPS Growth	132.59%	461.92%	387.54%	-34.37%	-27.99%	-37.28%
Free Cash Flow	2.84	2.96	-3.88	-3.89	-10.91	-5.08
Free Cash Flow Per Share	0.30	0.32	-0.41	-0.41	-1.43	-1.12
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	96.24%	97.63%	88.80%	63.87%	73.31%	79.56%
Profit Margin	94.44%	97.07%	86.52%	51.55%	60.94%	71.69%
Free Cash Flow Margin	8.60%	8.88%	-58.31%	-170.12%	-455.72%	-302.80%
EBIT	31.77	32.52	5.9	1.46	1.76	1.34
EBIT Margin	96.24%	97.63%	88.80%	63.87%	73.31%	79.56%
Effective Tax Rate	1.39%	0.11%	0.26%	-	0.88%	3.76%
Revenue as Reported	33.01	33.3	6.65	2.29	2.39	1.68

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