Stingray Group Inc. (TSX:RAY.A)

Stingray Group Income Statement

Financials in millions CAD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	413.14	386.89	345.43	323.94	282.63	247.86
Revenue Growth (YoY)	12.69%	12.00%	6.63%	14.62%	14.03%	-19.19%
Cost of Revenue	278.83	255.28	226.85	212.27	195.39	166.04
Gross Profit	134.3	131.61	118.58	111.67	87.24	81.82
Operating Expenses	30.98	30.77	30.13	32.98	35.54	38.69
Operating Income	103.33	100.84	88.45	78.69	51.69	43.13
Interest Expense	-21.09	-23.89	-27.86	-22.8	-14.3	-17.78
Earnings From Equity Investments	0.13	-3.38	-1.17	-	-	-
Currency Exchange Gain (Loss)	-4.62	-7.08	-0.41	-0.48	-1.13	8.52
Other Non Operating Income (Expenses)	-2.34	-10.22	-0.02	-2.47	1.75	10.57
EBT Excluding Unusual Items	75.4	56.27	58.99	52.96	38.02	44.44
Merger & Restructuring Charges	-4.28	-4.46	-3.2	-8.81	-6.2	-4.01
Impairment of Goodwill	-	-	-56.12	-	-	-
Gain (Loss) on Sale of Investments	0.41	0.9	-0.02	0.29	-0	-3.79
Legal Settlements	-5.24	-4.08	3.23	-3.67	-2.51	-0.62
Other Unusual Items	0.39	-1.2	-0.6	-1.1	12.99	25.05
Pretax Income	66.69	47.42	2.29	39.66	42.3	61.06
Income Tax Expense	14.8	10.98	16.03	9.54	9.01	15.96
Net Income	51.89	36.44	-13.74	30.12	33.29	45.1
Net Income to Common	51.89	36.44	-13.74	30.12	33.29	45.1
Net Income Growth	-	-	-	-9.52%	-26.20%	222.86%
Shares Outstanding (Basic)	68	68	69	70	71	73
Shares Outstanding (Diluted)	68	69	69	70	71	73
Shares Change (YoY)	-0.89%	-0.34%	-0.95%	-2.37%	-2.69%	-3.32%
EPS (Basic)	0.77	0.53	-0.20	0.43	0.47	0.62
EPS (Diluted)	0.76	0.53	-0.20	0.43	0.47	0.61
EPS Growth	-	-	-	-8.32%	-23.11%	238.89%
Free Cash Flow	110.28	97.85	110.71	78.72	74.6	98.56
Free Cash Flow Per Share	1.61	1.42	1.60	1.13	1.04	1.34
Dividend Per Share	0.310	0.300	0.300	0.300	0.300	0.300
Dividend Growth	3.33%	-	-	-	-	7.14%
Gross Margin	32.51%	34.02%	34.33%	34.47%	30.87%	33.01%
Operating Margin	25.01%	26.06%	25.61%	24.29%	18.29%	17.40%
Profit Margin	12.56%	9.42%	-3.98%	9.30%	11.78%	18.20%
Free Cash Flow Margin	26.69%	25.29%	32.05%	24.30%	26.40%	39.76%
EBITDA	123.19	120.51	108.28	100.5	75.1	70.34
EBITDA Margin	29.82%	31.15%	31.35%	31.03%	26.57%	28.38%
D&A For EBITDA	19.87	19.68	19.83	21.81	23.41	27.21
EBIT	103.33	100.84	88.45	78.69	51.69	43.13
EBIT Margin	25.01%	26.06%	25.61%	24.29%	18.29%	17.40%
Effective Tax Rate	22.19%	23.16%	700.31%	24.05%	21.31%	26.14%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.