Cascades 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	4,776	4,701	4,638	4,466	3,956
Revenue Growth (YoY)	1.59%	1.36%	3.85%	12.89%	-3.63%
Selling, General & Admin	4,200	4,200	4,080	4,090	3,567
Depreciation & Amortization Expenses	287	282	272	252	252
Other Operating Expenses	54	124	246	91	167
Total Operating Expenses	4,541	4,606	4,598	4,433	3,986
Operating Income	235	95	40	33	50
Interest Income	16	19	22	19	18
Interest Expense	-136	-142	-128	-88	-106
Total Non-Operating Income (Expense)	-120	-123	-106	-69	-88
Pretax Income	115	-28	-66	-36	-38
Provision for Income Taxes	22	-14	-13	-22	9
Net Income	70	-31	-76	-34	162
Minority Interest in Earnings	-23	-17	-23	-20	-25
Earnings From Discontinued Operations	-	-	-	-	234
Net Income to Common	70	-31	-76	-34	162
Net Income Growth	-	-	-	-	-18.18%
Shares Outstanding (Basic)	101	101	101	101	102
Shares Outstanding (Diluted)	101	101	101	101	103
Shares Change (YoY)	0.31%	0.15%	-0.13%	-1.76%	6.02%
EPS (Basic)	0.70	-0.31	-0.76	-0.34	1.60
EPS (Diluted)	0.69	-0.31	-0.76	-0.34	1.59
EPS Growth	-	-	-	-	-21.29%
Free Cash Flow	227	111	160	-357	-75
Free Cash Flow Growth	104.51%	-30.63%	-	-	-
Free Cash Flow Per Share	2.24	1.10	1.58	-3.53	-0.73
Dividends Per Share	0.480	0.480	0.480	0.480	0.440
Dividend Growth	-	-	-	9.09%	37.50%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	4.92%	2.02%	0.86%	0.74%	1.26%
Profit Margin	1.95%	-0.30%	-1.14%	-0.31%	4.73%
FCF Margin	4.75%	2.36%	3.45%	-7.99%	-1.90%
EBITDA	522	377	312	285	302
EBITDA Margin	10.93%	8.02%	6.73%	6.38%	7.63%
EBIT	235	95	40	33	50
EBIT Margin	4.92%	2.02%	0.86%	0.74%	1.26%
Effective Tax Rate	19.13%	50.00%	19.70%	61.11%	-23.68%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.