Cargojet 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	992.7	1,001	877.5	979.9	757.8
Revenue Growth (YoY)	-0.81%	14.05%	-10.45%	29.31%	13.36%
Cost of Revenue	793.8	775	739.4	732.4	525.4
Gross Profit	198.9	225.8	138.1	247.5	232.4
Selling, General & Admin	168	179.4	70.5	74.6	59.5
Depreciation & Amortization Expenses	187.2	165.1	-	-	-
Other Operating Expenses	-3	-	-	-	-
Total Operating Expenses	352.2	344.5	70.5	74.6	59.5
Operating Income	-153.3	-118.7	67.6	172.9	172.9
Interest Income	2.2	0.4	-0.1	-2	-
Interest Expense	-99.4	-113.6	-56.8	-33.6	-30.9
Other Non-Operating Income (Expense)	-26.6	-58.9	-41	-82.7	-68.4
Total Non-Operating Income (Expense)	-123.8	-172.1	-97.9	-118.3	-99.3
Pretax Income	94.6	137.7	51.7	220	200.8
Provision for Income Taxes	14.4	29.3	14.4	29.4	33.4
Net Income	80.2	108.4	37.3	190.6	167.4
Net Income to Common	80.2	108.4	37.3	190.6	167.4
Net Income Growth	-26.02%	190.62%	-80.43%	13.86%	-
Shares Outstanding (Basic)	15	16	17	17	17
Shares Outstanding (Diluted)	15	16	17	20	18
Shares Change (YoY)	-5.56%	-5.81%	-15.27%	15.32%	12.84%
EPS (Basic)	5.24	6.68	2.17	11.04	9.73
EPS (Diluted)	5.24	6.68	2.17	10.15	9.51
EPS Growth	-21.56%	207.83%	-78.62%	6.73%	-
Shares Outstanding	14.9	15.79	16.87	17.2	17.32
Free Cash Flow	-124.1	78.6	-74.8	-330.7	-46.4
Free Cash Flow Per Share	-8.11	4.85	-4.35	-16.29	-2.64
Dividends Per Share	1.400	1.329	1.173	1.118	1.040
Dividend Growth	5.33%	13.36%	4.88%	7.50%	11.11%
Gross Margin	20.04%	22.56%	15.74%	25.26%	30.67%
Operating Margin	-15.44%	-11.86%	7.70%	17.64%	22.82%
Profit Margin	8.08%	10.83%	4.25%	19.45%	22.09%
FCF Margin	-12.50%	7.85%	-8.52%	-33.75%	-6.12%
EBITDA	53.8	70.5	288.6	326.6	296.6
EBITDA Margin	5.42%	7.04%	32.89%	33.33%	39.14%
EBIT	-153.3	-118.7	67.6	172.9	172.9
EBIT Margin	-15.44%	-11.86%	7.70%	17.64%	22.82%
Effective Tax Rate	15.22%	21.28%	27.85%	13.36%	16.63%

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