Richards Group Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	424.12	407.78	425.93	446.9	451.44	489.24
Revenue Growth (YoY)	2.99%	-4.26%	-4.69%	-1.01%	-7.73%	46.41%
Cost of Revenue	345.69	329.36	347.82	367.65	363.05	376.47
Gross Profit	78.42	78.42	78.11	79.25	88.39	112.77
Selling, General & Admin	34.88	27.08	22.37	21.74	21.47	19.52
Operating Expenses	34.88	27.08	22.37	21.74	21.47	19.52
Operating Income	43.55	51.35	55.74	57.51	66.92	93.25
Interest Expense	-3.68	-1.83	-4.51	-3.94	-2.33	-2.34
Earnings From Equity Investments	0.13	-0.09	-0.11	0.13	0.11	0.1
Currency Exchange Gain (Loss)	-0.82	-	-	-	-	-
Other Non Operating Income (Expenses)	-2.23	1.34	2.88	7.29	3.1	-17.87
EBT Excluding Unusual Items	36.95	50.76	54.01	60.99	67.8	73.14
Other Unusual Items	-0.63	-0.63	-	-1.63	-47.7	-
Pretax Income	34.29	50.13	54.01	59.36	20.1	73.14
Income Tax Expense	11.91	14.29	15.11	14.18	18.04	23
Net Income	22.37	35.85	38.89	45.17	2.07	50.14
Net Income to Common	22.37	35.85	38.89	45.17	2.07	50.14
Net Income Growth	-40.18%	-7.84%	-13.90%	2084.33%	-95.88%	130.71%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	12	11
Shares Change (YoY)	-	-	-	-1.81%	3.55%	1.89%
EPS (Basic)	2.04	3.27	3.55	4.12	0.19	4.47
EPS (Diluted)	1.91	2.99	3.12	3.29	0.18	4.47
EPS Growth	-42.47%	-4.17%	-5.17%	1750.04%	-96.02%	126.65%
Free Cash Flow	35.99	50.09	81.71	39.45	55.06	71.68
Free Cash Flow Per Share	3.15	4.39	7.16	3.46	4.74	6.38
Dividend Per Share	1.320	1.320	1.320	1.320	1.320	1.320
Gross Margin	18.49%	19.23%	18.34%	17.73%	19.58%	23.05%
Operating Margin	10.27%	12.59%	13.09%	12.87%	14.82%	19.06%
Profit Margin	5.27%	8.79%	9.13%	10.11%	0.46%	10.25%
Free Cash Flow Margin	8.48%	12.28%	19.18%	8.83%	12.20%	14.65%
EBITDA	52.35	55.69	59.38	62.13	79.31	105.46
EBITDA Margin	12.34%	13.66%	13.94%	13.90%	17.57%	21.55%
D&A For EBITDA	8.8	4.35	3.63	4.61	12.4	12.21
EBIT	43.55	51.35	55.74	57.51	66.92	93.25
EBIT Margin	10.27%	12.59%	13.09%	12.87%	14.82%	19.06%
Effective Tax Rate	34.75%	28.50%	27.98%	23.89%	89.71%	31.45%

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