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
Amortization of Goodwill & Intangibles	24.74	22.51	20.24	20.9	16.9
Operating Expenses	827.61	650.51	570.62	474.32	377.35
Operating Income	369.46	317.65	289.7	236.73	143.5
Interest Expense	-131.58	-137.86	-119.79	-78.42	-52.2
EBT Excluding Unusual Items	237.87	179.79	169.91	158.32	91.3
Merger & Restructuring Charges	-9.7	-11.8	-7.77	-6.85	-3.03
Other Unusual Items	-	-	0.95	-	6
Pretax Income	228.17	167.98	163.09	151.47	94.26
Income Tax Expense	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	37
Shares Outstanding (Diluted)	57	53	52	47	38
Shares Change (YoY)	7.80%	1.64%	9.88%	24.22%	5.87%
EPS (Basic)	3.20	2.55	2.72	2.72	1.84
EPS (Diluted)	3.12	2.49	2.65	2.64	1.80
EPS Growth	25.03%	-5.81%	0.38%	46.58%	130.77%
Free Cash Flow	-80.37	-131.23	-150.04	-24.52	10.63
Free Cash Flow Per Share	-1.41	-2.48	-2.89	-0.52	0.28
Dividend 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	11.27%	11.94%	11.59%	11.49%	10.15%
Profit Margin	5.11%	4.56%	4.90%	5.33%	4.85%
Free Cash Flow Margin	-2.45%	-4.93%	-6.01%	-1.19%	0.75%
EBITDA	703.59	586.04	516.22	423.33	302.63
EBITDA Margin	21.47%	22.03%	20.66%	20.56%	21.41%
D&A For EBITDA	334.13	268.39	226.52	186.6	159.13
EBIT	369.46	317.65	289.7	236.73	143.5
EBIT Margin	11.27%	11.94%	11.59%	11.49%	10.15%
Effective Tax Rate	26.58%	27.83%	25.01%	27.60%	27.24%
Revenue as Reported	3,277	2,660	2,498	2,059	1,413
Advertising Expenses	8.5	5.76	6.34	5.67	7.4

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