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	172.85	160.53	130.01	122.43	87.67
Gross Profit	246.41	253.6	239.3	212.57	119.02
Selling, General & Admin	39.2	41.59	24.83	15.19	13.18
Research & Development	54.4	51.18	41.25	37.57	32.22
Operating Expenses	162.37	155.85	105.01	88.84	82.61
Operating Income	84.04	97.76	134.28	123.73	36.41
Interest Expense	-	-	-	-	-1.53
Interest & Investment Income	-	2.81	14.39	4.94	-
Earnings From Equity Investments	-	0.99	-3.34	-0.29	-1.1
Currency Exchange Gain (Loss)	-	-3.84	-16.76	2.02	2.01
Other Non Operating Income (Expenses)	-12.72	1.41	-1.24	5.82	-0.83
EBT Excluding Unusual Items	71.32	99.13	127.34	136.21	34.96
Merger & Restructuring Charges	-	-0.03	-	-	-
Gain (Loss) on Sale of Investments	-	50.83	-	-	-
Other Unusual Items	-	-6.57	2.83	2.92	8.7
Pretax Income	71.32	143.37	130.17	139.13	43.66
Income Tax Expense	19.72	23.66	34.35	33.41	11.74
Earnings From Continuing Operations	51.6	119.71	95.83	105.73	31.93
Minority Interest in Earnings	1.55	1.8	1.71	1.89	1.92
Net Income	53.15	121.5	97.54	107.62	33.85
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)	78	80	80	82	83
Shares Outstanding (Diluted)	78	80	81	83	83
Shares Change (YoY)	-2.03%	-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%	218.01%	422.55%
Free Cash Flow	-	56.7	95.22	70.4	54.82
Free Cash Flow Per Share	-	0.71	1.18	0.85	0.66
Dividend Per Share	-	0.520	0.480	0.360	0.200
Dividend Growth	-	8.33%	33.33%	80.00%	-58.33%
Gross Margin	58.77%	61.24%	64.80%	63.45%	57.58%
Operating Margin	20.04%	23.61%	36.36%	36.93%	17.62%
Profit Margin	12.68%	29.34%	26.41%	32.12%	16.38%
Free Cash Flow Margin	-	13.69%	25.78%	21.02%	26.52%
EBITDA	142.4	144.64	159.07	141.35	57.94
EBITDA Margin	33.96%	34.93%	43.07%	42.20%	28.03%
D&A For EBITDA	58.35	46.89	24.79	17.62	21.53
EBIT	84.04	97.76	134.28	123.73	36.41
EBIT Margin	20.04%	23.61%	36.36%	36.93%	17.62%
Effective Tax Rate	27.65%	16.50%	26.38%	24.01%	26.88%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.