Tidewater Renewables Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	299.35	426.54	97.68	76.1	34.58
Revenue Growth (YoY)	-7.35%	336.68%	28.36%	120.05%	-
Cost of Revenue	234.4	308.39	53.63	29.97	11.06
Gross Profit	64.95	118.15	44.05	46.13	23.52
Selling, General & Admin	4.07	6.52	7.97	5.83	1.28
Other Operating Expenses	-5.91	24.43	56.76	-28.45	0.69
Operating Expenses	19.02	62.23	95.13	0.05	13.05
Operating Income	45.93	55.93	-51.08	46.08	10.48
Interest Expense	-27.47	-36.96	-21.75	-7.06	-2.04
Earnings From Equity Investments	11.18	4.53	0.68	0.22	-
Currency Exchange Gain (Loss)	-1.34	-3.22	0.82	-1.18	-0.11
Other Non Operating Income (Expenses)	-3.06	0.83	9.14	-2.16	-2.33
EBT Excluding Unusual Items	25.24	21.1	-62.19	35.91	6
Gain (Loss) on Sale of Investments	-4.84	-2.5	-	-	-
Gain (Loss) on Sale of Assets	-489.05	-489.05	-	-	-
Asset Writedown	-0.4	-0.4	-	-	-
Other Unusual Items	-2.63	-2.63	-1.67	-	-
Pretax Income	-471.68	-473.46	-63.85	35.91	6
Income Tax Expense	-119.46	-115.62	-22.83	9.97	1.85
Net Income	-352.22	-357.85	-41.02	25.94	4.14
Net Income to Common	-352.22	-357.85	-41.02	25.94	4.14
Net Income Growth	-	-	-	525.94%	-
Shares Outstanding (Basic)	36	35	35	35	20
Shares Outstanding (Diluted)	36	35	35	35	20
Shares Change (YoY)	3.71%	1.56%	-0.45%	75.31%	-
EPS (Basic)	-9.77	-10.15	-1.18	0.75	0.21
EPS (Diluted)	-9.77	-10.15	-1.18	0.74	0.21
EPS Growth	-	-	-	255.33%	-
Free Cash Flow	-11.99	30.6	-180.02	-177.13	-34.18
Free Cash Flow Per Share	-0.33	0.87	-5.18	-5.08	-1.72
Gross Margin	21.70%	27.70%	45.10%	60.62%	68.02%
Operating Margin	15.34%	13.11%	-52.29%	60.55%	30.29%
Profit Margin	-117.66%	-83.89%	-41.99%	34.09%	11.98%
Free Cash Flow Margin	-4.00%	7.17%	-184.30%	-232.77%	-98.84%
EBITDA	61.09	82.17	-30.7	60.78	17.97
EBITDA Margin	20.41%	19.26%	-31.43%	79.87%	51.98%
D&A For EBITDA	15.16	26.24	20.38	14.7	7.5
EBIT	45.93	55.93	-51.08	46.08	10.48
EBIT Margin	15.34%	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.