Revenue by Segment

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	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Canadian Golf Club Operations	178.55M	156.58M	151.47M	152.60M	132.91M
Canadian Golf Club Operations Growth	14.03%	3.38%	-0.74%	14.81%	16.92%
Other (Highland Gate)	28.25M	65.44M	54.59M	15.83M	26.57M
Other (Highland Gate) Growth	-56.83%	19.86%	244.96%	-40.44%	-
US Golf Club Operations	25.58M	24.08M	24.41M	22.38M	18.94M
US Golf Club Operations Growth	6.23%	-1.33%	9.04%	18.19%	4.46%
Total	232.38M	246.10M	230.47M	190.81M	178.42M
Total Growth	-5.57%	6.78%	20.79%	6.94%	35.37%

Source: S&P Global Market Intelligence.