TSX:TWM 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	1,366	1,641	2,208	2,875	1,698	979.41
Revenue Growth (YoY)	-23.30%	-25.71%	-23.20%	69.29%	73.41%	41.48%
Cost of Revenue	1,306	1,443	2,052	2,644	1,531	819.66
Gross Profit	60	197.9	156.4	231.4	167.2	159.75
Selling, General & Admin	27.9	44.5	65.2	50.4	33	25.72
Depreciation & Amortization Expenses	72	90.5	96.8	84.4	81.8	85.64
Other Operating Expenses	0.8	4.7	13.6	6.5	3.4	2.84
Total Operating Expenses	100.7	139.7	175.6	141.3	118.2	114.2
Operating Income	-40.7	58.2	-19.2	90.1	49	45.55
Interest Expense	-76.2	-81.5	-99.9	-69.9	-68.4	-68.56
Other Non-Operating Income (Expense)	26.7	50.3	247.9	150.3	58.8	176.86
Total Non-Operating Income (Expense)	-49.5	-31.2	148	80.4	-9.6	108.3
Pretax Income	-90.2	27	128.8	170.5	39.4	153.85
Provision for Income Taxes	1.6	1.6	51	7.6	20.3	-10.21
Net Income	-133.2	-45.4	-785.1	27.4	145.4	-33.77
Minority Interest in Earnings	3.3	7.8	-13.3	10.4	2.4	-1.41
Net Income to Common	-133.2	-45.4	-785.1	27.4	145.4	-33.77
Net Income Growth	-	-	-	-81.16%	-	-
Shares Outstanding (Basic)	329	430	425	372	340	339
Shares Outstanding (Diluted)	329	430	425	380	412	350
Shares Change (YoY)	0.67%	0.96%	11.83%	-7.63%	17.54%	2.19%
EPS (Basic)	-1.70	-0.06	-0.91	0.02	0.21	-0.10
EPS (Diluted)	-1.70	-0.06	-0.91	0.02	0.18	-0.10
EPS Growth	-	-	-	-88.89%	-	-
Free Cash Flow	19.3	-78.4	-155.1	-106.4	9.9	134.61
Free Cash Flow Growth	-	-	-	-	-92.64%	-
Free Cash Flow Per Share	0.06	-0.18	-0.36	-0.28	0.02	0.38
Dividends Per Share	-	-	0.600	0.800	0.800	0.800
Dividend Growth	-	-	-25.00%	-	-	-
Gross Margin	4.39%	12.06%	7.08%	8.05%	9.84%	16.31%
Operating Margin	-2.98%	3.55%	-0.87%	3.13%	2.89%	4.65%
Profit Margin	-6.72%	1.55%	3.52%	5.67%	1.12%	16.75%
FCF Margin	1.41%	-4.78%	-7.02%	-3.70%	0.58%	13.74%
EBITDA	31.3	148.7	77.6	174.5	130.8	131.19
EBITDA Margin	2.29%	9.06%	3.51%	6.07%	7.70%	13.40%
EBIT	-40.7	58.2	-19.2	90.1	49	45.55
EBIT Margin	-2.98%	3.55%	-0.87%	3.13%	2.89%	4.65%
Effective Tax Rate	-1.77%	5.93%	39.60%	4.46%	51.52%	-6.64%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.