Pason Systems Inc. (TSX:PSI)

Pason Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	418.18	414.13	369.31	335	206.69	156.64
Revenue Growth (YoY)	4.60%	12.14%	10.24%	62.08%	31.95%	-47.02%
Cost of Revenue	167.35	160.53	130.01	122.43	87.67	77.82
Gross Profit	250.84	253.6	239.3	212.57	119.02	78.82
Selling, General & Admin	40.06	41.59	24.83	15.19	13.18	11.28
Research & Development	54.21	51.18	41.25	37.57	32.22	26.98
Operating Expenses	162.64	155.85	105.01	88.84	82.61	76.76
Operating Income	88.19	97.76	134.28	123.73	36.41	2.06
Interest Expense	-	-	-	-	-1.53	-
Interest & Investment Income	2.81	2.81	14.39	4.94	-	0.87
Earnings From Equity Investments	0.99	0.99	-3.34	-0.29	-1.1	-1.03
Currency Exchange Gain (Loss)	-3.84	-3.84	-16.76	2.02	2.01	-1.11
Other Non Operating Income (Expenses)	-52.7	1.41	-1.24	5.82	-0.83	-2.06
EBT Excluding Unusual Items	35.46	99.13	127.34	136.21	34.96	-1.27
Merger & Restructuring Charges	-0.03	-0.03	-	-	-	-5.55
Gain (Loss) on Sale of Investments	50.83	50.83	-	-	-	-
Asset Writedown	-	-	-	-	-	-0.75
Other Unusual Items	-6.57	-6.57	2.83	2.92	8.7	17.57
Pretax Income	79.69	143.37	130.17	139.13	43.66	10
Income Tax Expense	19.61	23.66	34.35	33.41	11.74	4.86
Earnings From Continuing Operations	60.08	119.71	95.83	105.73	31.93	5.13
Minority Interest in Earnings	2.03	1.8	1.71	1.89	1.92	1.43
Net Income	62.11	121.5	97.54	107.62	33.85	6.57
Net Income to Common	62.11	121.5	97.54	107.62	33.85	6.57
Net Income Growth	-45.07%	24.57%	-9.36%	217.97%	415.30%	-87.86%
Shares Outstanding (Basic)	79	80	80	82	83	84
Shares Outstanding (Diluted)	79	80	81	83	83	84
Shares Change (YoY)	-0.91%	-1.35%	-2.10%	-0.36%	-1.26%	-1.97%
EPS (Basic)	0.78	1.53	1.21	1.31	0.41	0.08
EPS (Diluted)	0.78	1.52	1.21	1.30	0.41	0.08
EPS Growth	-44.97%	25.62%	-6.92%	218.01%	422.55%	-87.58%
Free Cash Flow	68.17	56.7	95.22	70.4	54.82	53.92
Free Cash Flow Per Share	0.86	0.71	1.18	0.85	0.66	0.64
Dividend Per Share	0.520	0.520	0.480	0.360	0.200	0.480
Dividend Growth	333.33%	8.33%	33.33%	80.00%	-58.33%	-35.13%
Gross Margin	59.98%	61.24%	64.80%	63.45%	57.58%	50.32%
Operating Margin	21.09%	23.61%	36.36%	36.93%	17.62%	1.31%
Profit Margin	14.85%	29.34%	26.41%	32.12%	16.38%	4.19%
Free Cash Flow Margin	16.30%	13.69%	25.78%	21.02%	26.52%	34.42%
EBITDA	140.55	144.64	159.07	141.35	57.94	29.66
EBITDA Margin	33.61%	34.93%	43.07%	42.20%	28.03%	18.93%
D&A For EBITDA	52.36	46.89	24.79	17.62	21.53	27.6
EBIT	88.19	97.76	134.28	123.73	36.41	2.06
EBIT Margin	21.09%	23.61%	36.36%	36.93%	17.62%	1.31%
Effective Tax Rate	24.61%	16.50%	26.38%	24.01%	26.88%	48.65%

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