TSX:SES 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	1,472	1,421	8,244	8,002	3,766
Revenue Growth (YoY)	3.59%	-82.76%	3.02%	112.48%	106.47%
Cost of Revenue	1,051	999	7,732	7,509	3,572
Gross Profit	421	422	512	493	194
Selling, General & Admin	126	141	136	119	92
Amortization of Goodwill & Intangibles	2	4	4	-	1
Other Operating Expenses	9	8	12	10	7
Operating Expenses	143	158	157	142	114
Operating Income	278	264	355	351	80
Interest Expense	-62	-47	-84	-87	-53
Currency Exchange Gain (Loss)	-	-	8	-	-
Other Non Operating Income (Expenses)	-43	-4	-12	-41	-11
EBT Excluding Unusual Items	173	213	267	223	16
Merger & Restructuring Charges	-9	-	-5	-	-200
Gain (Loss) on Sale of Assets	-	516	-5	29	-
Asset Writedown	-	-	-	-	-97
Other Unusual Items	-	-16	-	-	8
Pretax Income	164	713	257	252	-273
Income Tax Expense	41	131	62	68	-69
Earnings From Continuing Operations	123	582	195	184	-204
Minority Interest in Earnings	-	-	-	-	1
Net Income	123	582	195	184	-203
Net Income to Common	123	582	195	184	-203
Net Income Growth	-78.87%	198.46%	5.98%	-	-
Shares Outstanding (Basic)	223	255	296	310	234
Shares Outstanding (Diluted)	226	259	299	313	234
Shares Change (YoY)	-12.55%	-13.46%	-4.50%	33.70%	47.72%
EPS (Basic)	0.55	2.28	0.66	0.59	-0.87
EPS (Diluted)	0.54	2.25	0.65	0.59	-0.87
EPS Growth	-76.00%	246.15%	10.17%	-	-
Free Cash Flow	48	363	227	315	31
Free Cash Flow Per Share	0.21	1.40	0.76	1.01	0.13
Dividend Per Share	0.400	0.400	0.400	0.122	0.030
Dividend Growth	-	-	226.53%	308.33%	-72.73%
Gross Margin	28.60%	29.70%	6.21%	6.16%	5.15%
Operating Margin	18.89%	18.58%	4.31%	4.39%	2.12%
Profit Margin	8.36%	40.96%	2.37%	2.30%	-5.39%
Free Cash Flow Margin	3.26%	25.55%	2.75%	3.94%	0.82%
EBITDA	451	421	548	519	245
EBITDA Margin	30.64%	29.63%	6.65%	6.49%	6.51%
D&A For EBITDA	173	157	193	168	165
EBIT	278	264	355	351	80
EBIT Margin	18.89%	18.58%	4.31%	4.39%	2.12%
Effective Tax Rate	25.00%	18.37%	24.13%	26.98%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.