CEMATRIX 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	45.09	35.36	53.3	29	22.6
Revenue Growth (YoY)	27.51%	-33.65%	83.76%	28.33%	-14.92%
Cost of Revenue	29.28	25.95	41.42	26.49	18.7
Gross Profit	15.81	9.42	11.88	2.52	3.9
Selling, General & Admin	10.05	8.93	9.14	7.26	6.63
Total Operating Expenses	10.05	8.93	9.14	7.26	6.63
Operating Income	5.77	0.49	2.74	-4.74	-2.73
Interest Expense	-0.34	-0.28	-0.61	-1.15	-1.31
Other Non-Operating Income (Expense)	-0.61	-0.2	-0.55	-0.56	1.34
Total Non-Operating Income (Expense)	-0.95	-0.47	-1.16	-1.7	0.03
Pretax Income	4.82	0.02	1.58	-6.44	-2.7
Provision for Income Taxes	-0.44	0.43	-0.21	0.93	1.02
Net Income	4.06	0.27	1.24	-5.56	-1.86
Net Income to Common	4.06	0.27	1.24	-5.56	-1.86
Net Income Growth	1403.70%	-78.14%	-	-	-
Shares Outstanding (Basic)	150	142	134	134	115
Shares Outstanding (Diluted)	154	144	137	134	115
Shares Change (YoY)	6.91%	5.10%	2.39%	16.08%	85.96%
EPS (Basic)	0.03	0.00	0.01	-0.04	-0.02
EPS (Diluted)	0.03	0.00	0.01	-0.04	-0.02
EPS Growth	1200.00%	-77.78%	-	-	-
Shares Outstanding	149.7	150.43	135.28	133.95	133.94
Free Cash Flow	3.3	2.9	-1.46	-5.09	-1.51
Free Cash Flow Growth	13.61%	-	-	-	-
Free Cash Flow Per Share	0.02	0.02	-0.01	-0.04	-0.01
Gross Margin	35.07%	26.63%	22.29%	8.68%	17.25%
Operating Margin	12.79%	1.39%	5.14%	-16.34%	-12.09%
Profit Margin	11.66%	-1.15%	3.36%	-25.40%	-16.46%
FCF Margin	7.31%	8.21%	-2.74%	-17.54%	-6.67%
EBITDA	8.16	2.7	4.99	-2.88	-0.25
EBITDA Margin	18.09%	7.64%	9.36%	-9.94%	-1.09%
EBIT	5.77	0.49	2.74	-4.74	-2.73
EBIT Margin	12.79%	1.39%	5.14%	-16.34%	-12.09%
Effective Tax Rate	-9.14%	2130.00%	-13.44%	-14.38%	-37.74%

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