Tidewater Renewables Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	283.9	248	426.5	97.68	76.1	34.58
Revenue Growth (YoY)	-23.88%	-41.85%	336.63%	28.36%	120.05%	730.31%
Cost of Revenue	229.3	212.3	308.4	53.63	29.97	11.06
Gross Profit	54.6	35.7	118.1	44.05	46.13	23.52
Selling, General & Admin	5.8	5	9.1	7.97	5.83	1.28
Other Operating Expenses	-5.8	-12.4	24.4	56.76	-28.45	0.69
Operating Expenses	18.6	10.8	64.8	95.13	0.05	13.05
Operating Income	36	24.9	53.3	-51.08	46.08	10.48
Interest Expense	-22.9	-22.5	-36.9	-21.75	-7.06	-2.04
Earnings From Equity Investments	1.6	3.6	4.5	0.68	0.22	-
Currency Exchange Gain (Loss)	0.6	0.6	-3.3	0.82	-1.18	-0.11
Other Non Operating Income (Expenses)	-5.7	-5.1	0.8	9.14	-2.16	-2.33
EBT Excluding Unusual Items	9.6	1.5	18.4	-62.19	35.91	6
Gain (Loss) on Sale of Investments	-	-	-2.1	-	-	-
Gain (Loss) on Sale of Assets	-1	-1	-489	-	-	-
Asset Writedown	-	-	-0.8	-	-	-
Other Unusual Items	-	-	-	-1.67	-	-
Pretax Income	8.6	0.5	-473.5	-63.85	35.91	6
Income Tax Expense	0.4	-3	-115.6	-22.83	9.97	1.85
Net Income	8.2	3.5	-357.9	-41.02	25.94	4.14
Net Income to Common	8.2	3.5	-357.9	-41.02	25.94	4.14
Net Income Growth	-	-	-	-	525.94%	-
Shares Outstanding (Basic)	36	36	35	35	35	20
Shares Outstanding (Diluted)	37	37	35	35	35	20
Shares Change (YoY)	2.29%	5.10%	1.64%	-0.45%	75.31%	-
EPS (Basic)	0.23	0.10	-10.14	-1.18	0.75	0.21
EPS (Diluted)	0.22	0.09	-10.15	-1.18	0.74	0.21
EPS Growth	-	-	-	-	255.33%	-
Free Cash Flow	20.7	20.6	30.6	-180.02	-177.13	-34.18
Free Cash Flow Per Share	0.56	0.56	0.87	-5.18	-5.08	-1.72
Gross Margin	19.23%	14.39%	27.69%	45.10%	60.62%	68.02%
Operating Margin	12.68%	10.04%	12.50%	-52.29%	60.55%	30.29%
Profit Margin	2.89%	1.41%	-83.92%	-41.99%	34.09%	11.98%
Free Cash Flow Margin	7.29%	8.31%	7.17%	-184.30%	-232.77%	-98.84%
EBITDA	48.2	37	79.5	-30.7	60.78	17.97
EBITDA Margin	16.98%	14.92%	18.64%	-31.43%	79.87%	51.98%
D&A For EBITDA	12.2	12.1	26.2	20.38	14.7	7.5
EBIT	36	24.9	53.3	-51.08	46.08	10.48
EBIT Margin	12.68%	10.04%	12.50%	-52.29%	60.55%	30.29%
Effective Tax Rate	4.65%	-	-	-	27.75%	30.87%

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