TSX:MHC.UN Income Statement

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

Millions USD. 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	103.39	88.13	71.05	58.8	43.08
Revenue	103.39	88.13	71.05	58.8	43.08
Revenue Growth (YoY)	17.31%	24.04%	20.84%	36.50%	418.73%
Property Expenses	34.96	29.69	24.14	19.87	14.41
Total Property Expenses	34.96	29.69	24.14	19.87	14.41
Gross Profit	68.42	58.44	46.92	38.93	28.66
Selling, General & Admin	12.84	10.83	9.12	7.76	5.8
Depreciation & Amortization Expenses	0.53	0.49	0.4	0.29	0.17
Other Operating Expenses	-	-	-	-	0.24
Operating Income	55.05	47.12	37.4	30.88	22.46
Interest Expense	-21.94	-19.18	-14.53	-11.16	-8.13
Other Non-Operating Income (Expense)	-86.07	-78.91	-45.37	-25.91	-48.48
Total Non-Operating Income (Expense)	-108.01	-98.08	-59.9	-37.08	-56.61
Pretax Income	-52.97	-50.96	-22.5	-6.2	-34.15
Net Income	115.67	103.52	65.1	42.68	60.01
Minority Interest in Earnings	3.51	3.34	3.15	2.95	2.79
Net Income to Common	115.67	103.52	65.1	42.68	60.01
Net Income Growth	11.74%	59.02%	52.52%	-28.87%	26.77%
Shares Outstanding (Basic)	19	24	21	20	15
Shares Outstanding (Diluted)	19	24	21	20	15
Shares Change (YoY)	-18.65%	14.78%	5.85%	27.99%	112.24%
EPS (Basic)	5.96	4.34	3.13	2.17	3.91
EPS (Diluted)	5.96	4.34	3.13	2.17	3.91
EPS Growth	37.36%	38.54%	44.09%	-44.43%	-40.27%
Free Cash Flow	30.65	13.83	17.24	13.42	17.26
Free Cash Flow Growth	121.64%	-19.80%	28.52%	-22.25%	484.55%
Free Cash Flow Per Share	-	0.58	0.83	0.68	1.13
Dividends Per Share	0.629	0.598	0.566	0.540	0.514
Dividend Growth	5.17%	5.56%	4.97%	4.94%	8.94%
Gross Margin	66.18%	66.31%	66.03%	66.21%	66.54%
Operating Margin	53.24%	53.47%	52.64%	52.52%	52.13%
Profit Margin	-51.23%	-57.82%	-31.66%	-10.54%	-79.28%
FCF Margin	29.64%	15.69%	24.27%	22.82%	40.06%
EBITDA	55.58	47.61	37.8	31.17	22.63
EBITDA Margin	53.76%	54.02%	53.20%	53.01%	52.53%
EBIT	55.05	47.12	37.4	30.88	22.46
EBIT Margin	53.24%	53.47%	52.64%	52.52%	52.13%

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