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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	422.55	414.13	369.31	335	206.69	156.64
Revenue Growth (YoY)	12.43%	12.14%	10.24%	62.08%	31.95%	-47.02%
Cost of Revenue	164.96	160.53	130.01	122.43	87.67	77.82
Gross Profit	257.59	253.6	239.3	212.57	119.02	78.82
Selling, General & Admin	42.33	41.59	24.83	15.19	13.18	11.28
Research & Development	51.65	51.18	41.25	37.57	32.22	26.98
Operating Expenses	159.39	155.85	105.01	88.84	82.61	76.76
Operating Income	98.2	97.76	134.28	123.73	36.41	2.06
Interest Expense	-	-	-	-	-1.53	-
Interest & Investment Income	1.91	2.81	14.39	4.94	-	0.87
Earnings From Equity Investments	1.01	0.99	-3.34	-0.29	-1.1	-1.03
Currency Exchange Gain (Loss)	-2.96	-3.84	-16.76	2.02	2.01	-1.11
Other Non Operating Income (Expenses)	1.46	1.41	-1.24	5.82	-0.83	-2.06
EBT Excluding Unusual Items	99.61	99.13	127.34	136.21	34.96	-1.27
Merger & Restructuring Charges	-	-0.03	-	-	-	-5.55
Gain (Loss) on Sale of Investments	-	50.83	-	-	-	-
Asset Writedown	-	-	-	-	-	-0.75
Other Unusual Items	-6.57	-6.57	2.83	2.92	8.7	17.57
Pretax Income	93.05	143.37	130.17	139.13	43.66	10
Income Tax Expense	22.81	23.66	34.35	33.41	11.74	4.86
Earnings From Continuing Operations	70.23	119.71	95.83	105.73	31.93	5.13
Minority Interest in Earnings	1.75	1.8	1.71	1.89	1.92	1.43
Net Income	71.98	121.5	97.54	107.62	33.85	6.57
Net Income to Common	71.98	121.5	97.54	107.62	33.85	6.57
Net Income Growth	-45.15%	24.57%	-9.36%	217.97%	415.30%	-87.86%
Shares Outstanding (Basic)	80	80	80	82	83	84
Shares Outstanding (Diluted)	80	80	81	83	83	84
Shares Change (YoY)	-0.90%	-1.35%	-2.10%	-0.36%	-1.26%	-1.97%
EPS (Basic)	0.91	1.53	1.21	1.31	0.41	0.08
EPS (Diluted)	0.90	1.52	1.21	1.30	0.41	0.08
EPS Growth	-44.93%	25.62%	-6.92%	218.01%	422.55%	-87.58%
Free Cash Flow	68.51	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	6.12%	8.33%	33.33%	80.00%	-58.33%	-35.13%
Gross Margin	60.96%	61.24%	64.80%	63.45%	57.58%	50.32%
Operating Margin	23.24%	23.61%	36.36%	36.93%	17.62%	1.31%
Profit Margin	17.04%	29.34%	26.41%	32.12%	16.38%	4.19%
Free Cash Flow Margin	16.21%	13.69%	25.78%	21.02%	26.52%	34.42%
EBITDA	147.53	144.64	159.07	141.35	57.94	29.66
EBITDA Margin	34.91%	34.93%	43.07%	42.20%	28.03%	18.93%
D&A For EBITDA	49.34	46.89	24.79	17.62	21.53	27.6
EBIT	98.2	97.76	134.28	123.73	36.41	2.06
EBIT Margin	23.24%	23.61%	36.36%	36.93%	17.62%	1.31%
Effective Tax Rate	24.52%	16.50%	26.38%	24.01%	26.88%	48.65%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.