Richards Group 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	430.18	407.78	425.93	446.9	451.44
Revenue Growth (YoY)	5.49%	-4.26%	-4.69%	-1.01%	-7.73%
Cost of Revenue	251.4	245.96	347.82	367.65	363.05
Gross Profit	178.78	161.83	78.11	79.25	88.39
Selling, General & Admin	119.88	97.45	22.37	21.74	21.47
Operating Expenses	138.78	110.48	22.37	21.74	21.47
Operating Income	40	51.35	55.74	57.51	66.92
Interest Expense	-5	-1.83	-4.51	-3.94	-2.33
Earnings From Equity Investments	0.02	-0.09	-0.11	0.13	0.11
Currency Exchange Gain (Loss)	-0.06	-	-	-	-
Other Non Operating Income (Expenses)	-2.19	1.34	2.88	7.29	3.1
EBT Excluding Unusual Items	32.78	50.76	54.01	60.99	67.8
Other Unusual Items	-4.95	-0.63	-	-1.63	-47.7
Pretax Income	27.83	50.13	54.01	59.36	20.1
Income Tax Expense	11.43	14.29	15.11	14.18	18.04
Net Income	16.4	35.85	38.89	45.17	2.07
Net Income to Common	16.4	35.85	38.89	45.17	2.07
Net Income Growth	-54.25%	-7.84%	-13.90%	2084.33%	-95.88%
Shares Outstanding (Basic)	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	12
Shares Change (YoY)	-	-	-	-1.81%	3.55%
EPS (Basic)	1.44	3.27	3.55	4.12	0.19
EPS (Diluted)	1.44	2.99	3.12	3.29	0.18
EPS Growth	-51.96%	-4.17%	-5.17%	1750.04%	-96.02%
Free Cash Flow	37.92	50.09	81.71	39.45	55.06
Free Cash Flow Per Share	3.32	4.39	7.16	3.46	4.74
Dividend Per Share	1.320	1.320	1.320	1.320	1.320
Gross Margin	41.56%	39.68%	18.34%	17.73%	19.58%
Operating Margin	9.30%	12.59%	13.09%	12.87%	14.82%
Profit Margin	3.81%	8.79%	9.13%	10.11%	0.46%
Free Cash Flow Margin	8.82%	12.28%	19.18%	8.83%	12.20%
EBITDA	47.31	55.69	59.38	62.13	79.31
EBITDA Margin	11.00%	13.66%	13.94%	13.90%	17.57%
D&A For EBITDA	7.31	4.35	3.63	4.61	12.4
EBIT	40	51.35	55.74	57.51	66.92
EBIT Margin	9.30%	12.59%	13.09%	12.87%	14.82%
Effective Tax Rate	41.06%	28.50%	27.98%	23.89%	89.71%

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