Cascades Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	4,747	4,776	4,701	4,638	4,466	3,956
Revenue Growth (YoY)	0.02%	1.59%	1.36%	3.85%	12.89%	-3.63%
Gross Profit	4,747	4,776	4,701	4,638	4,466	3,956
Selling, General & Admin	4,178	4,200	4,200	4,080	4,090	3,567
Depreciation & Amortization Expenses	289	287	282	272	252	252
Other Operating Expenses	14	54	124	246	91	167
Total Operating Expenses	4,481	4,541	4,606	4,598	4,433	3,986
Operating Income	266	235	95	40	33	50
Interest Income	15	16	19	22	19	18
Interest Expense	-131	-136	-142	-128	-88	-106
Total Non-Operating Income (Expense)	-116	-120	-123	-106	-69	-88
Pretax Income	150	115	-28	-66	-36	-38
Provision for Income Taxes	25	22	-14	-13	-22	9
Net Income	102	70	-31	-76	-34	162
Minority Interest in Earnings	-23	-23	-17	-23	-20	-25
Earnings From Discontinued Operations	-	-	-	-	-	234
Net Income to Common	102	70	-31	-76	-34	162
Net Income Growth	-	-	-	-	-	-18.18%
Shares Outstanding (Basic)	101	101	101	101	101	102
Shares Outstanding (Diluted)	102	101	101	101	101	103
Shares Change (YoY)	0.41%	0.31%	0.15%	-0.13%	-1.76%	6.02%
EPS (Basic)	1.01	0.70	-0.31	-0.76	-0.34	1.60
EPS (Diluted)	1.00	0.69	-0.31	-0.76	-0.34	1.59
EPS Growth	-	-	-	-	-	-21.29%
Shares Outstanding	101.31	101.27	100.99	100.7	100.36	100.86
Free Cash Flow	305	227	111	160	-357	-75
Free Cash Flow Growth	34.36%	104.51%	-30.63%	-	-	-
Free Cash Flow Per Share	3.00	2.24	1.10	1.58	-3.53	-0.73
Dividends Per Share	0.480	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%	100.00%
Operating Margin	5.60%	4.92%	2.02%	0.86%	0.74%	1.26%
Profit Margin	2.63%	1.95%	-0.30%	-1.14%	-0.31%	4.73%
FCF Margin	6.43%	4.75%	2.36%	3.45%	-7.99%	-1.90%
EBITDA	555	522	377	312	285	302
EBITDA Margin	11.69%	10.93%	8.02%	6.73%	6.38%	7.63%
EBIT	266	235	95	40	33	50
EBIT Margin	5.60%	4.92%	2.02%	0.86%	0.74%	1.26%
Effective Tax Rate	16.67%	19.13%	50.00%	19.70%	61.11%	-23.68%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.