Conifex Timber 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	146.7	127.74	141.16	231.27	250.53	128.71
Revenue Growth (YoY)	10.33%	-9.51%	-38.96%	-7.69%	94.65%	-18.23%
Cost of Revenue	120.57	119.51	143.98	156.11	166.49	90.1
Gross Profit	26.13	8.23	-2.82	75.15	84.05	38.61
Selling, General & Admin	28.95	29.7	32.91	38.08	33.98	22.76
Other Operating Expenses	21.8	4.39	3	9.61	11.6	10.5
Operating Expenses	50.75	34.09	35.91	47.69	45.58	33.26
Operating Income	-24.63	-25.86	-38.73	27.46	38.46	5.35
Interest Expense	-9.46	-6.46	-4.73	-4.03	-4.3	-6.48
Currency Exchange Gain (Loss)	-0.18	1.16	-0.46	1.19	0.57	-0.19
Other Non Operating Income (Expenses)	-4.37	-1.46	-0.27	-0.29	-1.8	-3.95
EBT Excluding Unusual Items	-38.64	-32.62	-44.2	24.33	32.93	-5.27
Merger & Restructuring Charges	-	-	-	-	-0.03	-1.93
Gain (Loss) on Sale of Assets	0.13	0.13	-0.5	0.01	0.04	0.03
Asset Writedown	-3.26	-3.26	-	-	-	-
Pretax Income	-38.77	-32.75	-42.54	33.99	36.4	-7.17
Income Tax Expense	-2.91	-2.96	-11.91	9.49	9.2	-0.41
Earnings From Continuing Operations	-35.86	-29.78	-30.63	24.49	27.2	-6.77
Earnings From Discontinued Operations	-	-	-	-	-	0.31
Net Income	-35.86	-29.78	-30.63	24.49	27.2	-6.46
Net Income to Common	-35.86	-29.78	-30.63	24.49	27.2	-6.46
Net Income Growth	-	-	-	-9.94%	-	-
Shares Outstanding (Basic)	41	41	40	40	45	47
Shares Outstanding (Diluted)	41	41	40	40	45	47
Shares Change (YoY)	-0.38%	1.44%	-0.21%	-11.27%	-3.77%	0.43%
EPS (Basic)	-0.88	-0.73	-0.77	0.61	0.60	-0.14
EPS (Diluted)	-0.89	-0.73	-0.77	0.61	0.60	-0.14
EPS Growth	-	-	-	1.67%	-	-
Free Cash Flow	0.06	-10.7	-2.99	11.31	20.33	-8.52
Free Cash Flow Per Share	0.00	-0.26	-0.07	0.28	0.45	-0.18
Gross Margin	17.81%	6.44%	-2.00%	32.50%	33.55%	30.00%
Operating Margin	-16.79%	-20.25%	-27.44%	11.88%	15.35%	4.16%
Profit Margin	-24.44%	-23.31%	-21.70%	10.59%	10.85%	-5.02%
Free Cash Flow Margin	0.04%	-8.37%	-2.12%	4.89%	8.12%	-6.62%
EBITDA	-13.59	-15.47	-27.78	35.17	48.53	14.19
EBITDA Margin	-9.26%	-12.11%	-19.68%	15.21%	19.37%	11.02%
D&A For EBITDA	11.03	10.4	10.95	7.71	10.07	8.83
EBIT	-24.63	-25.86	-38.73	27.46	38.46	5.35
EBIT Margin	-16.79%	-20.25%	-27.44%	11.88%	15.35%	4.16%
Effective Tax Rate	-	-	-	27.93%	25.28%	-

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