Pason Systems 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	419.27	414.13	369.31	335	206.69
Revenue Growth (YoY)	1.24%	12.14%	10.24%	62.08%	31.95%
Cost of Revenue	231.71	212.71	157.23	-	-
Gross Profit	187.55	201.42	212.08	-	-
Selling, General & Admin	221.96	213.02	166.56	152.86	112.37
Depreciation & Amortization Expenses	58.86	52.18	27.22	20.84	25.69
Research & Development	54.4	51.18	41.25	37.57	32.22
Other Operating Expenses	12.72	-45.61	4.11	-15.4	-7.25
Total Operating Expenses	347.95	270.77	239.14	195.87	163.02
Operating Income	-160.39	-69.34	-27.06	139.13	43.66
Pretax Income	-160.39	-69.34	-27.06	139.13	43.66
Provision for Income Taxes	19.72	23.66	34.35	33.41	11.74
Net Income	53.15	121.5	97.54	107.62	33.85
Minority Interest in Earnings	1.55	1.8	1.71	1.89	1.92
Net Income to Common	53.15	121.5	97.54	107.62	33.85
Net Income Growth	-56.26%	24.57%	-9.36%	217.97%	415.30%
Shares Outstanding (Basic)	79	80	80	82	83
Shares Outstanding (Diluted)	79	80	81	83	83
Shares Change (YoY)	-1.52%	-1.35%	-2.10%	-0.36%	-1.26%
EPS (Basic)	0.68	1.53	1.21	1.31	0.41
EPS (Diluted)	0.68	1.52	1.21	1.30	0.41
EPS Growth	-55.26%	25.62%	-6.92%	217.07%	412.50%
Free Cash Flow	65.91	56.7	95.22	70.4	54.82
Free Cash Flow Growth	16.24%	-40.45%	35.25%	28.42%	1.69%
Free Cash Flow Per Share	0.84	0.71	1.18	0.85	0.66
Dividends Per Share	0.520	0.520	0.480	0.360	0.200
Dividend Growth	-	8.33%	33.33%	80.00%	-58.33%
Gross Margin	44.73%	48.64%	57.43%	100.00%	100.00%
Operating Margin	-38.26%	-16.74%	-7.33%	41.53%	21.13%
Profit Margin	12.31%	28.91%	25.95%	31.56%	15.45%
FCF Margin	15.72%	13.69%	25.78%	21.02%	26.53%
EBITDA	-101.53	-17.16	0.16	159.97	69.35
EBITDA Margin	-24.22%	-4.14%	0.04%	47.75%	33.55%
EBIT	-160.39	-69.34	-27.06	139.13	43.66
EBIT Margin	-38.26%	-16.74%	-7.33%	41.53%	21.13%
Effective Tax Rate	-12.29%	-34.12%	-126.94%	24.01%	26.88%

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