Melcor Developments 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	410.55	349.5	315.24	241.75	315.63
Revenue Growth (YoY)	17.47%	10.87%	30.40%	-23.41%	39.16%
Property Expenses	220.9	192.12	172.89	123.48	175.5
Total Property Expenses	220.9	192.12	172.89	123.48	175.5
Gross Profit	189.65	157.39	142.35	118.26	140.13
Selling, General & Admin	29.38	30.01	22.95	23.02	21.94
Other Operating Expenses	16.76	13.66	36.33	-11.42	-50.9
Operating Income	125.4	84.22	106.87	126.97	106.19
Interest Income	4.42	2.84	3.21	1.61	0.57
Interest Expense	-27.57	-32.53	-34.4	-17.28	-27.94
Other Non-Operating Income (Expense)	4.1	0.41	0.1	1.11	0.08
Total Non-Operating Income (Expense)	-19.06	-29.28	-31.09	-14.56	-27.3
Pretax Income	106.34	54.93	75.78	112.42	78.89
Provision for Income Taxes	48.32	21.4	12.8	23.06	22.58
Net Income	58.02	33.53	62.98	89.35	56.31
Net Income to Common	58.02	33.53	62.98	89.35	56.31
Net Income Growth	73.05%	-46.76%	-29.52%	58.68%	391.20%
Shares Outstanding (Basic)	30	30	31	32	33
Shares Outstanding (Diluted)	30	31	31	33	33
Shares Change (YoY)	-1.45%	-1.36%	-4.61%	-1.86%	-0.17%
EPS (Basic)	1.92	1.10	2.04	2.75	1.70
EPS (Diluted)	1.92	1.09	2.03	2.74	1.70
EPS Growth	76.05%	-46.30%	-25.91%	61.18%	400.00%
Free Cash Flow	84.55	81.51	26.53	1.61	47.44
Free Cash Flow Growth	3.74%	207.25%	1548.73%	-96.61%	66.62%
Free Cash Flow Per Share	-	2.66	0.85	0.05	1.43
Dividends Per Share	0.480	0.440	0.640	0.580	0.440
Dividend Growth	9.09%	-31.25%	10.35%	31.82%	29.41%
Gross Margin	46.19%	45.03%	45.16%	48.92%	44.40%
Operating Margin	30.54%	24.10%	33.90%	52.52%	33.64%
Profit Margin	14.13%	9.59%	19.98%	36.96%	17.84%
FCF Margin	20.60%	23.32%	8.42%	0.67%	15.03%
EBITDA	133.17	93.68	116.55	135.88	115.68
EBITDA Margin	32.44%	26.80%	36.97%	56.21%	36.65%
EBIT	125.4	84.22	106.87	126.97	106.19
EBIT Margin	30.54%	24.10%	33.90%	52.52%	33.64%
Effective Tax Rate	45.44%	38.96%	16.89%	20.52%	28.62%

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