Mullen Group Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,099	1,989	1,995	1,999	1,477	1,164
Revenue Growth (YoY)	5.53%	-0.27%	-0.24%	35.33%	26.89%	-8.93%
Cost of Revenue	1,467	1,386	1,405	1,428	1,060	816.64
Gross Profit	631.76	603.58	589.77	571.51	417.44	347.69
Selling, General & Admin	298.21	264.98	261.58	241.63	198.76	156.62
Amortization of Goodwill & Intangibles	19.56	14.54	13.53	17.2	22.89	17.61
Other Operating Expenses	0.02	0.02	0.02	0.02	0.02	0.03
Operating Expenses	441.44	395.91	377.49	354.16	312.75	258.23
Operating Income	190.31	207.67	212.27	217.35	104.69	89.46
Interest Expense	-56.77	-48.32	-37.85	-35.44	-30.8	-29.89
Interest & Investment Income	6.13	6.13	0.79	0.4	0.42	1.42
Earnings From Equity Investments	-0.56	0.78	2.27	8.55	1.66	1.81
Currency Exchange Gain (Loss)	-1.24	-6.26	4.2	-10.79	0.72	2.39
EBT Excluding Unusual Items	137.88	160.01	181.69	180.07	76.69	65.2
Merger & Restructuring Charges	-6.4	-6.4	-	-	-	-
Gain (Loss) on Sale of Investments	0.76	0.68	-0.25	2.94	1.17	-0.54
Gain (Loss) on Sale of Assets	-1.81	-0.52	1.7	27.87	0.29	-5.02
Other Unusual Items	-	-	-	-	17.85	26.5
Pretax Income	130.43	153.77	183.14	210.88	96	86.13
Income Tax Expense	35.1	41.51	46.42	52.26	23.56	22.16
Net Income	95.33	112.26	136.72	158.62	72.44	63.98
Net Income to Common	95.33	112.26	136.72	158.62	72.44	63.98
Net Income Growth	-22.40%	-17.89%	-13.81%	118.98%	13.22%	-11.44%
Shares Outstanding (Basic)	87	88	90	93	96	101
Shares Outstanding (Diluted)	97	97	99	102	96	101
Shares Change (YoY)	-0.45%	-1.89%	-3.23%	6.53%	-4.47%	-4.01%
EPS (Basic)	1.09	1.28	1.52	1.70	0.75	0.64
EPS (Diluted)	1.06	1.23	1.45	1.62	0.75	0.64
EPS Growth	-20.81%	-15.40%	-10.32%	115.83%	17.96%	-7.74%
Free Cash Flow	244.71	224.6	175.15	181.56	129.76	159.88
Free Cash Flow Per Share	2.52	2.31	1.77	1.77	1.35	1.59
Dividend Per Share	0.840	0.770	0.720	0.680	0.480	0.330
Dividend Growth	13.51%	6.94%	5.88%	41.67%	45.45%	-45.00%
Gross Margin	30.10%	30.34%	29.57%	28.58%	28.26%	29.86%
Operating Margin	9.07%	10.44%	10.64%	10.87%	7.09%	7.68%
Profit Margin	4.54%	5.64%	6.85%	7.93%	4.90%	5.50%
Free Cash Flow Margin	11.66%	11.29%	8.78%	9.08%	8.78%	13.73%
EBITDA	283.85	295.59	299.05	305.7	200.82	179.51
EBITDA Margin	13.52%	14.86%	14.99%	15.29%	13.59%	15.42%
D&A For EBITDA	93.54	87.92	86.78	88.35	96.13	90.06
EBIT	190.31	207.67	212.27	217.35	104.69	89.46
EBIT Margin	9.07%	10.44%	10.64%	10.87%	7.09%	7.68%
Effective Tax Rate	26.91%	26.99%	25.35%	24.78%	24.54%	25.72%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.