Tidewater Renewables Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	426.54	97.68	76.1	34.58
Revenue Growth (YoY)	336.68%	28.36%	120.05%	-
Cost of Revenue	308.39	53.63	29.97	11.06
Gross Profit	118.15	44.05	46.13	23.52
Selling, General & Admin	6.52	7.97	5.83	1.28
Other Operating Expenses	24.43	56.76	-28.45	0.69
Operating Expenses	62.23	95.13	0.05	13.05
Operating Income	55.93	-51.08	46.08	10.48
Interest Expense	-36.96	-21.75	-7.06	-2.04
Earnings From Equity Investments	4.53	0.68	0.22	-
Currency Exchange Gain (Loss)	-3.22	0.82	-1.18	-0.11
Other Non Operating Income (Expenses)	0.83	9.14	-2.16	-2.33
EBT Excluding Unusual Items	21.1	-62.19	35.91	6
Gain (Loss) on Sale of Investments	-2.5	-	-	-
Gain (Loss) on Sale of Assets	-489.05	-	-	-
Asset Writedown	-0.4	-	-	-
Other Unusual Items	-2.63	-1.67	-	-
Pretax Income	-473.46	-63.85	35.91	6
Income Tax Expense	-115.62	-22.83	9.97	1.85
Net Income	-357.85	-41.02	25.94	4.14
Net Income to Common	-357.85	-41.02	25.94	4.14
Net Income Growth	-	-	525.94%	-
Shares Outstanding (Basic)	35	35	35	20
Shares Outstanding (Diluted)	35	35	35	20
Shares Change (YoY)	1.56%	-0.45%	75.31%	-
EPS (Basic)	-10.15	-1.18	0.75	0.21
EPS (Diluted)	-10.15	-1.18	0.74	0.21
EPS Growth	-	-	255.33%	-
Free Cash Flow	30.6	-180.02	-177.13	-34.18
Free Cash Flow Per Share	0.87	-5.18	-5.08	-1.72
Gross Margin	27.70%	45.10%	60.62%	68.02%
Operating Margin	13.11%	-52.29%	60.55%	30.29%
Profit Margin	-83.89%	-41.99%	34.09%	11.98%
Free Cash Flow Margin	7.17%	-184.30%	-232.77%	-98.84%
EBITDA	82.17	-30.7	60.78	17.97
EBITDA Margin	19.26%	-31.43%	79.87%	51.98%
D&A For EBITDA	26.24	20.38	14.7	7.5
EBIT	55.93	-51.08	46.08	10.48
EBIT Margin	13.11%	-52.29%	60.55%	30.29%
Effective Tax Rate	-	-	27.75%	30.87%

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