TSX:INO.UN 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
Property Revenue	21.86	23.74	30.87	30.9	34.17
Service and Other Revenue	0.58	0.37	2.7	0.24	0.29
Revenue	22.44	24.11	33.57	31.14	34.46
Revenue Growth (YoY)	-6.91%	-28.17%	7.78%	-9.62%	-3.66%
Property Expenses	9.85	10.15	10.05	9.42	9.59
Total Property Expenses	2.04	0.18	0.3	0.1	0.68
Gross Profit	20.4	23.93	33.27	31.05	33.78
Selling, General & Admin	5.44	5.99	6.41	6.97	8.39
Other Operating Expenses	-	-	-	0.36	3.35
Operating Income	14.96	17.94	26.87	23.71	22.04
Net Gains on Disposal of Properties	-0.7	-	-	-0.95	-4.24
Interest Income	-1.93	-2.63	-9.94	3.12	1.64
Interest Expense	-8.37	-10.34	-7.01	-5.77	-7.49
Other Non-Operating Income (Expense)	-40.58	-66.06	-30.15	-50.46	28.53
Total Non-Operating Income (Expense)	-51.58	-79.02	-47.09	-54.05	18.44
Pretax Income	-50.04	-71.24	-30.28	-39.76	30.89
Provision for Income Taxes	7.17	1.42	0.79	3.16	15.59
Net Income	-55.97	-69.13	-29.69	-36.85	30.33
Minority Interest in Earnings	-1.23	-0.9	-0.26	-0.12	-0.03
Net Income Attributable to Preferred Dividends	-0.02	-	0.39	0.65	1.24
Net Income to Common	-55.97	-69.13	-29.69	-36.85	30.33
Net Income Growth	-	-	-	-	66.70%
Shares Outstanding (Basic)	33	33	33	33	65
Shares Outstanding (Diluted)	33	33	33	33	65
Shares Change (YoY)	0.72%	0.91%	-0.28%	-49.21%	99.19%
EPS (Basic)	-1.68	-2.10	-0.91	0.51	0.47
EPS (Diluted)	-1.68	-2.10	-0.91	0.51	0.47
EPS Growth	-	-	-	8.51%	-16.31%
Shares Outstanding	33.26	33.21	32.59	32.78	32.59
Free Cash Flow	-6.24	0.18	3.41	-80.36	-8.87
Free Cash Flow Growth	-	-94.60%	-	-	-
Free Cash Flow Per Share	-	0.01	0.10	-	-
Dividends Per Share	-	-	0.378	0.688	0.825
Dividend Growth	-	-	-45.00%	-16.67%	-
Gross Margin	90.91%	99.25%	99.12%	99.69%	98.02%
Operating Margin	66.66%	74.40%	80.04%	76.14%	63.95%
Profit Margin	-254.87%	-290.48%	-89.24%	-118.73%	87.93%
FCF Margin	-27.79%	0.76%	10.16%	-258.04%	-25.75%
EBITDA	14.96	17.94	26.87	23.71	22.04
EBIT	14.96	17.94	26.87	23.71	22.04
EBIT Margin	66.66%	74.40%	80.04%	76.14%	63.95%
Effective Tax Rate	-14.32%	-1.99%	-2.60%	-7.95%	50.46%

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