Caribbean Utilities Company, Ltd. (TSX:CUP.U)

TSX:CUP.U Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	281.98	293.68	287.23	267.34	198.48	177.45
Revenue Growth (YoY)	-4.37%	2.25%	7.44%	34.69%	11.85%	-12.69%
Operations & Maintenance	4.8	6.13	4.99	6.1	5.79	5.49
Selling, General & Admin	20.32	19.61	17.19	15.07	12.42	11
Depreciation & Amortization	48.85	44.28	41.12	38.02	38.12	37.56
Amortization of Goodwill & Intangibles	1.05	1.12	0.89	0.97	1.01	0.81
Other Operating Expenses	162.68	182.05	184.61	175.11	110.91	93.73
Total Operating Expenses	237.7	253.19	248.81	235.27	168.26	148.59
Operating Income	44.28	40.49	38.42	32.07	30.22	28.86
Interest Expense	-20.02	-20.23	-18.44	-13.55	-13.14	-14.44
Net Interest Expense	-20.02	-20.23	-18.44	-13.55	-13.14	-14.44
Currency Exchange Gain (Loss)	2.21	2.32	2.25	1.88	1.58	1.14
Allowance for Equity Funds for Construction	15.37	14.37	11.99	8.78	8.33	7.2
Other Non-Operating Income (Expenses)	5.31	5.73	4.45	4.01	3.32	3.31
EBT Excluding Unusual Items	47.15	42.69	38.66	33.18	30.32	26.07
Pretax Income	47.15	42.69	38.66	33.18	30.32	26.07
Net Income	47.15	42.69	38.66	33.18	30.32	26.07
Preferred Dividends & Other Adjustments	1	1	0.97	0.97	0.97	0.97
Net Income to Common	46.15	41.69	37.69	32.21	29.35	25.1
Net Income Growth	17.18%	10.42%	16.52%	9.43%	16.32%	-10.43%
Shares Outstanding (Basic)	42	39	38	37	37	34
Shares Outstanding (Diluted)	42	39	38	37	37	34
Shares Change (YoY)	10.01%	2.58%	0.79%	0.76%	9.01%	2.41%
EPS (Basic)	1.10	1.08	1.00	0.86	0.79	0.74
EPS (Diluted)	1.10	1.08	1.00	0.86	0.79	0.74
EPS Growth	6.83%	7.81%	16.10%	8.92%	7.29%	-12.46%
Free Cash Flow	-7.49	-8.81	-19.5	-39.83	-0.03	10.04
Free Cash Flow Per Share	-0.18	-0.23	-0.52	-1.06	-0.00	0.29
Dividend Per Share	0.750	0.735	0.715	0.700	0.700	0.700
Dividend Growth	2.74%	2.80%	2.14%	-	-	-
Profit Margin	16.37%	14.19%	13.12%	12.05%	14.79%	14.14%
Free Cash Flow Margin	-2.66%	-3.00%	-6.79%	-14.90%	-0.01%	5.66%
EBITDA	94.18	85.89	80.43	71.06	69.36	67.23
EBITDA Margin	33.40%	29.25%	28.00%	26.58%	34.95%	37.89%
D&A For EBITDA	49.9	45.4	42.01	38.99	39.14	38.38
EBIT	44.28	40.49	38.42	32.07	30.22	28.86
EBIT Margin	15.70%	13.79%	13.38%	12.00%	15.23%	16.26%
Revenue as Reported	281.98	293.68	287.23	267.34	198.48	177.45

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