TSX:TWM 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	1,319	1,641	2,208	2,875	1,698
Revenue Growth (YoY)	-19.63%	-25.71%	-23.20%	69.29%	73.41%
Cost of Revenue	1,276	1,443	2,052	2,644	1,531
Gross Profit	42.7	197.9	156.4	231.4	167.2
Selling, General & Admin	28	44.5	65.2	50.4	33
Depreciation & Amortization Expenses	63.6	90.5	96.8	84.4	81.8
Other Operating Expenses	0.9	4.7	13.6	6.5	3.4
Total Operating Expenses	92.5	139.7	175.6	141.3	118.2
Operating Income	-48.9	62.9	-5.6	96.6	52.4
Interest Expense	-71.6	-81.5	-99.9	-69.9	-68.4
Other Non-Operating Income (Expense)	53.7	50.3	247.9	150.3	58.8
Total Non-Operating Income (Expense)	-17.9	-31.2	148	80.4	-9.6
Pretax Income	-117.5	-20.4	-450.2	26.5	94.2
Provision for Income Taxes	4.2	1.6	51	7.6	20.3
Net Income	-112.2	-26.6	-385.9	8.5	71.5
Minority Interest in Earnings	-1.1	7.8	-13.3	10.4	2.4
Net Income to Common	-112.2	-26.6	-385.9	8.5	71.5
Net Income Growth	-	-	-	-88.11%	-
Shares Outstanding (Basic)	22	22	21	19	17
Shares Outstanding (Diluted)	22	22	21	19	21
Shares Change (YoY)	0.46%	1.08%	11.83%	-7.63%	17.54%
EPS (Basic)	-5.19	-1.24	-18.20	0.40	4.20
EPS (Diluted)	-5.19	-1.24	-18.20	0.40	3.60
EPS Growth	-	-	-	-88.89%	-
Shares Outstanding	21.6	431.1	427.8	424.5	341.64
Free Cash Flow	34.6	-78.4	-155.1	-106.4	9.9
Free Cash Flow Growth	-	-	-	-	-92.64%
Free Cash Flow Per Share	1.60	-3.65	-7.29	-5.59	0.48
Dividends Per Share	-	-	0.600	0.800	0.800
Dividend Growth	-	-	-25.00%	-	-
Gross Margin	3.24%	12.06%	7.08%	8.05%	9.84%
Operating Margin	-3.71%	3.83%	-0.25%	3.36%	3.09%
Profit Margin	-9.23%	-1.34%	-22.70%	0.66%	4.35%
FCF Margin	2.62%	-4.78%	-7.02%	-3.70%	0.58%
EBITDA	14.7	153.4	91.2	181	134.2
EBITDA Margin	1.11%	9.35%	4.13%	6.30%	7.90%
EBIT	-48.9	62.9	-5.6	96.6	52.4
EBIT Margin	-3.71%	3.83%	-0.25%	3.36%	3.09%
Effective Tax Rate	-3.57%	-7.84%	-11.33%	28.68%	21.55%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.