CEMATRIX 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	42.92	35.36	53.3	29	22.6	26.56
Revenue Growth (YoY)	-3.69%	-33.65%	83.76%	28.33%	-14.92%	17.79%
Cost of Revenue	29.1	25.95	41.42	26.49	18.7	20.95
Gross Profit	13.83	9.42	11.88	2.52	3.9	5.62
Selling, General & Admin	9.32	8.93	9.14	7.26	6.63	6.57
Amortization of Goodwill & Intangibles	-	-	-	-	0.72	0.77
Operating Expenses	9.9	9.69	9.47	7.87	7.62	7.44
Operating Income	3.93	-0.27	2.41	-5.35	-3.73	-1.82
Interest Expense	-0.31	-0.28	-0.61	-1.15	-1.22	-1.87
Interest & Investment Income	0.24	0.24	0.29	0.31	-	-
Earnings From Equity Investments	-0.08	-0.08	-0.06	-0.03	-	-
Currency Exchange Gain (Loss)	0.22	0.4	-0.34	-0.13	0.22	0.04
Other Non Operating Income (Expenses)	-0.09	-0.06	-0.18	-0.01	2.47	-6.04
EBT Excluding Unusual Items	3.92	-0.04	1.51	-6.36	-2.25	-9.69
Gain (Loss) on Sale of Assets	-	0.06	0.06	-0.08	-	0.01
Asset Writedown	-	-	-	-	-0.77	-
Other Unusual Items	-	-	-	-	0.32	0.1
Pretax Income	3.92	0.02	1.58	-6.44	-2.7	-9.58
Income Tax Expense	0.82	-0.25	0.34	-0.88	-0.85	0.2
Net Income	3.1	0.27	1.24	-5.56	-1.86	-9.78
Net Income to Common	3.1	0.27	1.24	-5.56	-1.86	-9.78
Net Income Growth	100.71%	-78.14%	-	-	-	-
Shares Outstanding (Basic)	150	142	134	134	115	62
Shares Outstanding (Diluted)	155	144	137	134	115	62
Shares Change (YoY)	10.37%	5.10%	2.39%	16.08%	85.96%	24.92%
EPS (Basic)	0.02	0.00	0.01	-0.04	-0.02	-0.16
EPS (Diluted)	0.02	0.00	0.01	-0.04	-0.02	-0.16
EPS Growth	92.49%	-78.85%	-	-	-	-
Free Cash Flow	0.89	2.9	-1.46	-5.09	-1.51	1.54
Free Cash Flow Per Share	0.01	0.02	-0.01	-0.04	-0.01	0.03
Gross Margin	32.21%	26.63%	22.29%	8.68%	17.24%	21.15%
Operating Margin	9.15%	-0.76%	4.52%	-18.44%	-16.48%	-6.84%
Profit Margin	7.22%	0.76%	2.32%	-19.17%	-8.21%	-36.80%
Free Cash Flow Margin	2.08%	8.21%	-2.74%	-17.54%	-6.67%	5.79%
EBITDA	5.51	1.17	4.01	-4.08	-1.78	0.29
EBITDA Margin	12.83%	3.29%	7.52%	-14.06%	-7.87%	1.09%
D&A For EBITDA	1.58	1.43	1.6	1.27	1.95	2.11
EBIT	3.93	-0.27	2.41	-5.35	-3.73	-1.82
EBIT Margin	9.15%	-0.76%	4.52%	-18.44%	-16.48%	-6.84%
Effective Tax Rate	20.88%	-	21.69%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.