TSX:NOA 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	1,284	1,166	964.68	769.54	654.14	498.47
Revenue Growth (YoY)	8.06%	20.85%	25.36%	17.64%	31.23%	-30.68%
Cost of Revenue	924.1	789.06	678.53	548.72	455.71	406.25
Gross Profit	163.73	210.05	154.83	101.55	90.42	92.22
Selling, General & Admin	53.48	55.95	56.84	29.86	35.37	24.44
Depreciation & Amortization Expenses	1.46	-	-	-	-	-
Other Operating Expenses	-0.22	0.77	1.66	0.54	-0.09	0.66
Total Operating Expenses	54.71	56.72	58.5	30.39	35.29	25.1
Operating Income	109.95	153.33	96.33	71.16	55.13	67.12
Interest Income	12.84	15.3	25.2	37.05	21.86	7.74
Interest Expense	-57.31	-59.34	-36.95	-24.54	-19.03	-18.66
Other Non-Operating Income (Expense)	-13.9	-49.25	1.38	0.78	2.74	4.27
Total Non-Operating Income (Expense)	-58.37	-93.3	-10.37	13.29	5.57	-6.65
Pretax Income	52.68	60.04	85.96	84.45	60.69	60.47
Provision for Income Taxes	15.87	15.95	22.82	17.07	9.29	11.26
Net Income	38.52	44.09	63.14	67.37	51.41	49.21
Net Income to Common	38.52	44.09	63.14	67.37	51.41	49.21
Net Income Growth	-33.76%	-30.18%	-6.28%	31.05%	4.47%	33.43%
Shares Outstanding (Basic)	28	27	27	27	28	28
Shares Outstanding (Diluted)	31	33	33	31	34	31
Shares Change (YoY)	-13.59%	0.08%	5.40%	-7.69%	10.38%	-6.36%
EPS (Basic)	1.34	1.65	2.38	2.46	1.81	1.75
EPS (Diluted)	1.29	1.52	2.09	2.15	1.64	1.60
EPS Growth	-33.16%	-27.27%	-2.79%	31.10%	2.50%	30.08%
Free Cash Flow	-3.76	-62.54	75.28	57.7	52.62	29.48
Free Cash Flow Growth	-	-	30.46%	9.66%	78.48%	3111.44%
Free Cash Flow Per Share	-0.12	-1.89	2.28	-	1.55	-
Dividends Per Share	0.480	0.420	0.400	0.320	0.160	0.160
Dividend Growth	14.29%	5.00%	25.00%	100.00%	-	33.33%
Gross Margin	12.75%	18.02%	16.05%	13.20%	13.82%	18.50%
Operating Margin	8.56%	13.15%	9.99%	9.25%	8.43%	13.47%
Profit Margin	2.87%	3.78%	6.55%	8.75%	7.86%	9.87%
FCF Margin	-0.29%	-5.36%	7.80%	7.50%	8.04%	5.91%
EBITDA	319.43	320.01	227.65	190.43	163.14	155.9
EBITDA Margin	24.87%	27.45%	23.60%	24.75%	24.94%	31.28%
EBIT	109.95	153.33	96.33	71.16	55.13	67.12
EBIT Margin	8.56%	13.15%	9.99%	9.25%	8.43%	13.47%
Effective Tax Rate	30.13%	26.57%	26.55%	20.22%	15.30%	18.63%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.