Sherritt International Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	177.3	158.8	223.3	178.8	110.2
Revenue Growth (YoY)	11.65%	-28.88%	24.89%	62.25%	-8.01%
Cost of Revenue	163.4	138.5	265.5	211.7	147.7
Gross Profit	13.9	20.3	-42.2	-32.9	-37.5
Selling, General & Admin	39.1	34.5	23.1	36.9	35.2
Other Operating Expenses	-	0.2	0.3	0.3	0.3
Operating Expenses	39.1	43.1	23.4	38.9	36.3
Operating Income	-25.2	-22.8	-65.6	-71.8	-73.8
Interest Expense	-32.5	-37.9	-35.5	-43.5	-44.4
Interest & Investment Income	0.6	5.2	7.2	12	15.4
Earnings From Equity Investments	-49.3	-18.7	21.9	140.8	86.5
Currency Exchange Gain (Loss)	-	-2.4	-0.7	5.2	14.4
Other Non Operating Income (Expenses)	11.2	6.5	7.1	-0.3	-4.5
EBT Excluding Unusual Items	-95.2	-70.1	-65.6	42.4	-6.4
Merger & Restructuring Charges	-	-2.2	-	-	-1.8
Other Unusual Items	32.4	1.8	3.5	20.9	-4.1
Pretax Income	-62.8	-70.5	-62.1	63.3	-12.3
Income Tax Expense	2.6	2.6	2.2	-0.4	1.1
Earnings From Continuing Operations	-65.4	-73.1	-64.3	63.7	-13.4
Earnings From Discontinued Operations	-0.3	0.3	-0.3	-0.2	-5
Net Income	-65.7	-72.8	-64.6	63.5	-18.4
Net Income to Common	-65.7	-72.8	-64.6	63.5	-18.4
Shares Outstanding (Basic)	467	397	397	397	397
Shares Outstanding (Diluted)	467	397	397	397	397
Shares Change (YoY)	17.58%	-	-	-	-
EPS (Basic)	-0.14	-0.18	-0.16	0.16	-0.05
EPS (Diluted)	-0.14	-0.18	-0.16	0.16	-0.05
Free Cash Flow	5	-32.7	7.2	61	-14.3
Free Cash Flow Per Share	0.01	-0.08	0.02	0.15	-0.04
Gross Margin	7.84%	12.78%	-18.90%	-18.40%	-34.03%
Operating Margin	-14.21%	-14.36%	-29.38%	-40.16%	-66.97%
Profit Margin	-37.06%	-45.84%	-28.93%	35.52%	-16.70%
Free Cash Flow Margin	2.82%	-20.59%	3.22%	34.12%	-12.98%
EBITDA	-11.1	-1.3	-52.2	-45.5	-39.9
EBITDA Margin	-6.26%	-0.82%	-23.38%	-25.45%	-36.21%
D&A For EBITDA	14.1	21.5	13.4	26.3	33.9
EBIT	-25.2	-22.8	-65.6	-71.8	-73.8
EBIT Margin	-14.21%	-14.36%	-29.38%	-40.16%	-66.97%

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