Madison Pacific Properties Inc. (TSX:MPC)

TSX:MPC Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022
Rental Revenue	45.82	44.58	44.49	40.47	37.39
Other Revenue	-2.46	-1.86	0.36	7.36	14.82
Total Revenue	43.36	42.71	44.85	47.83	52.21
Revenue Growth (YoY	1.51%	-4.76%	-6.23%	-8.39%	43.20%
Property Expenses	14.11	14.01	13.04	12.97	11.19
Selling, General & Administrative	2.19	2.6	2.85	4.81	2.39
Other Operating Expenses	2.67	2.76	2.49	1.97	1.74
Total Operating Expenses	18.97	19.37	18.38	19.74	15.32
Operating Income	24.39	23.35	26.46	28.09	36.89
Interest Expense	-15.88	-16.15	-31.7	-10.81	-3.46
Interest & Investment Income	0.78	0.45	2.51	1.29	0.66
EBT Excluding Unusual Items	9.29	7.65	-2.72	18.57	34.1
Asset Writedown	28.58	11.42	-0.21	5.68	44.1
Pretax Income	37.87	19.07	-2.93	24.25	78.2
Income Tax Expense	6.21	3.86	41.28	5.27	12.8
Earnings From Continuing Operations	31.65	15.21	-44.21	18.98	65.4
Minority Interest in Earnings	-5.5	-0.79	0.08	-0.36	-2.1
Net Income	26.15	14.42	-44.13	18.62	63.3
Net Income to Common	26.15	14.42	-44.13	18.62	63.3
Net Income Growth	81.40%	-	-	-70.58%	25.88%
Basic Shares Outstanding	59	59	59	59	59
Diluted Shares Outstanding	59	59	59	59	59
Shares Change (YoY)	-	-	-	0.12%	1.40%
EPS (Basic)	0.44	0.24	-0.74	0.31	1.07
EPS (Diluted)	0.44	0.24	-0.74	0.31	1.07
EPS Growth	81.40%	-	-	-70.91%	24.14%
Dividend Per Share	0.105	0.630	0.105	0.105	0.105
Dividend Growth	-83.33%	500.00%	-	-	-
Operating Margin	56.24%	54.66%	59.01%	58.73%	70.66%
Profit Margin	60.31%	33.75%	-98.39%	38.93%	121.25%
EBITDA	25.57	24.03	27.13	28.84	37.72
EBITDA Margin	58.96%	56.27%	60.49%	60.30%	72.24%
D&A For Ebitda	1.18	0.68	0.66	0.75	0.82
EBIT	24.39	23.35	26.46	28.09	36.89
EBIT Margin	56.24%	54.66%	59.01%	58.73%	70.66%
Effective Tax Rate	16.41%	20.26%	-	21.72%	16.37%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.