TSX:SES 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	10,203	10,672	8,244	8,002	3,766	1,824
Revenue Growth (YoY)	-2.36%	29.45%	3.02%	112.48%	106.47%	-40.26%
Cost of Revenue	9,796	10,250	7,732	7,509	3,572	1,772
Gross Profit	407	422	512	493	194	52
Selling, General & Admin	131	141	136	119	92	55
Amortization of Goodwill & Intangibles	2	4	4	-	1	-
Other Operating Expenses	9	8	12	10	7	4
Operating Expenses	148	158	157	142	114	71
Operating Income	259	264	355	351	80	-19
Interest Expense	-53	-47	-84	-87	-53	-24
Currency Exchange Gain (Loss)	-	-	8	-	-	-
Other Non Operating Income (Expenses)	-56	-4	-12	-41	-11	-
EBT Excluding Unusual Items	150	213	267	223	16	-43
Merger & Restructuring Charges	-6	-	-5	-	-200	-16
Gain (Loss) on Sale of Assets	-4	516	-5	29	-	-
Asset Writedown	-	-	-	-	-97	-50
Other Unusual Items	-	-16	-	-	8	-
Pretax Income	140	713	257	252	-273	-109
Income Tax Expense	36	131	62	68	-69	-23
Earnings From Continuing Operations	104	582	195	184	-204	-86
Minority Interest in Earnings	-	-	-	-	1	1
Net Income	104	582	195	184	-203	-85
Net Income to Common	104	582	195	184	-203	-85
Net Income Growth	-82.87%	198.46%	5.98%	-	-	-
Shares Outstanding (Basic)	228	255	296	310	234	159
Shares Outstanding (Diluted)	231	259	299	313	234	159
Shares Change (YoY)	-15.05%	-13.46%	-4.50%	33.70%	47.72%	-2.01%
EPS (Basic)	0.46	2.28	0.66	0.59	-0.87	-0.54
EPS (Diluted)	0.45	2.25	0.65	0.59	-0.87	-0.54
EPS Growth	-79.77%	246.15%	10.17%	-	-	-
Free Cash Flow	102	363	227	315	31	78
Free Cash Flow Per Share	0.44	1.40	0.76	1.01	0.13	0.49
Dividend Per Share	0.400	0.400	0.400	0.122	0.030	0.110
Dividend Growth	-	-	226.53%	308.33%	-72.73%	-59.26%
Gross Margin	3.99%	3.95%	6.21%	6.16%	5.15%	2.85%
Operating Margin	2.54%	2.47%	4.31%	4.39%	2.12%	-1.04%
Profit Margin	1.02%	5.45%	2.37%	2.30%	-5.39%	-4.66%
Free Cash Flow Margin	1.00%	3.40%	2.75%	3.94%	0.82%	4.28%
EBITDA	426	421	548	519	245	106
EBITDA Margin	4.17%	3.94%	6.65%	6.49%	6.51%	5.81%
D&A For EBITDA	167	157	193	168	165	125
EBIT	259	264	355	351	80	-19
EBIT Margin	2.54%	2.47%	4.31%	4.39%	2.12%	-1.04%
Effective Tax Rate	25.71%	18.37%	24.13%	26.98%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.