Exchange Income 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	3,277	2,660	2,498	2,059	1,413
Revenue Growth (YoY)	23.22%	6.46%	21.32%	45.73%	22.92%
Cost of Revenue	2,080	1,692	1,638	1,348	892.31
Gross Profit	1,197	968.16	860.32	711.05	520.84
Selling, General & Admin	442.7	340.09	304.79	254.61	190.96
Depreciation & Amortization Expenses	384.92	310.42	265.83	219.71	186.39
Other Operating Expenses	9.7	11.8	7.77	6.85	3.03
Total Operating Expenses	837.32	662.31	578.39	481.17	380.38
Operating Income	359.75	305.85	281.93	229.89	140.46
Interest Expense	-131.58	-137.86	-119.79	-78.42	-52.2
Other Non-Operating Income (Expense)	-	-	0.95	-	6
Total Non-Operating Income (Expense)	-131.58	-137.86	-118.84	-78.42	-46.2
Pretax Income	228.17	167.98	163.09	151.47	94.26
Provision for Income Taxes	60.65	46.75	40.79	41.8	25.68
Net Income	167.52	121.24	122.31	109.67	68.59
Net Income to Common	167.52	121.24	122.31	109.67	68.59
Net Income Growth	38.18%	-0.88%	11.52%	59.89%	144.48%
Shares Outstanding (Basic)	52	48	45	40	30
Shares Outstanding (Diluted)	57	53	52	47	30
Shares Change (YoY)	7.80%	1.64%	9.88%	55.90%	-15.65%
EPS (Basic)	3.20	2.55	2.72	2.72	2.31
EPS (Diluted)	3.12	2.49	2.65	2.64	2.26
EPS Growth	25.30%	-6.04%	0.38%	16.81%	189.74%
Free Cash Flow	-80.37	-131.23	-150.04	-24.52	10.63
Free Cash Flow Growth	-	-	-	-	-91.02%
Free Cash Flow Per Share	-1.41	-2.48	-2.89	-0.52	-
Dividends Per Share	2.660	2.640	2.540	2.410	2.280
Dividend Growth	0.76%	3.94%	5.39%	5.70%	-
Gross Margin	36.52%	36.40%	34.43%	34.53%	36.86%
Operating Margin	10.98%	11.50%	11.28%	11.16%	9.94%
Profit Margin	5.11%	4.56%	4.90%	5.33%	4.85%
FCF Margin	-2.45%	-4.93%	-6.01%	-1.19%	0.75%
EBITDA	744.67	616.26	547.76	449.6	326.85
EBITDA Margin	22.72%	23.17%	21.92%	21.83%	23.13%
EBIT	359.75	305.85	281.93	229.89	140.46
EBIT Margin	10.98%	11.50%	11.28%	11.16%	9.94%
Effective Tax Rate	26.58%	27.83%	25.01%	27.60%	27.24%

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