TSX:CUP.U Income Statement

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

Millions USD. 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	284	293.68	287.23	267.34	198.48
Revenue Growth (YoY)	-3.30%	2.25%	7.44%	34.69%	11.85%
Operations & Maintenance	4.86	6.13	4.99	6.1	5.79
Selling, General & Admin	20.9	19.61	17.19	15.07	12.42
Depreciation & Amortization	49.16	44.28	41.12	38.02	38.12
Amortization of Goodwill & Intangibles	1.02	1.12	0.89	0.97	1.01
Other Operating Expenses	163.71	182.05	184.61	175.11	110.91
Total Operating Expenses	239.65	253.19	248.81	235.27	168.26
Operating Income	44.35	40.49	38.42	32.07	30.22
Interest Expense	-20.12	-20.23	-18.44	-13.55	-13.14
Net Interest Expense	-20.12	-20.23	-18.44	-13.55	-13.14
Currency Exchange Gain (Loss)	2.19	2.32	2.25	1.88	1.58
Allowance for Equity Funds for Construction	15.25	14.37	11.99	8.78	8.33
Other Non-Operating Income (Expenses)	5.7	5.73	4.45	4.01	3.32
EBT Excluding Unusual Items	47.37	42.69	38.66	33.18	30.32
Pretax Income	47.37	42.69	38.66	33.18	30.32
Net Income	47.37	42.69	38.66	33.18	30.32
Preferred Dividends & Other Adjustments	1.02	1	0.97	0.97	0.97
Net Income to Common	46.35	41.69	37.69	32.21	29.35
Net Income Growth	10.97%	10.42%	16.52%	9.43%	16.32%
Shares Outstanding (Basic)	42	39	38	37	37
Shares Outstanding (Diluted)	42	39	38	37	37
Shares Change (YoY)	8.96%	2.58%	0.79%	0.76%	9.01%
EPS (Basic)	1.10	1.08	1.00	0.86	0.79
EPS (Diluted)	1.10	1.08	1.00	0.86	0.79
EPS Growth	2.04%	7.81%	16.10%	8.92%	7.29%
Free Cash Flow	-2.86	-8.81	-19.5	-39.83	-0.03
Free Cash Flow Per Share	-0.07	-0.23	-0.52	-1.06	-0.00
Dividend Per Share	0.755	0.735	0.715	0.700	0.700
Dividend Growth	2.72%	2.80%	2.14%	-	-
Profit Margin	16.32%	14.19%	13.12%	12.05%	14.79%
Free Cash Flow Margin	-1.01%	-3.00%	-6.79%	-14.90%	-0.01%
EBITDA	94.53	85.89	80.43	71.06	69.36
EBITDA Margin	33.29%	29.25%	28.00%	26.58%	34.95%
D&A For EBITDA	50.18	45.4	42.01	38.99	39.14
EBIT	44.35	40.49	38.42	32.07	30.22
EBIT Margin	15.62%	13.79%	13.38%	12.00%	15.23%
Revenue as Reported	284	293.68	287.23	267.34	198.48

Source: S&P Global Market Intelligence. Utility template. Financial Sources.