TSX:WTE 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	323	404.73	381	296.96	340.47
Revenue Growth (YoY)	-20.19%	6.23%	28.30%	-12.78%	-7.58%
Cost of Revenue	211.73	206.45	201.37	182.91	168.15
Gross Profit	111.28	198.28	179.63	114.05	172.32
Selling, General & Admin	14.06	18.46	17.28	12.7	14.98
Total Operating Expenses	14.06	18.46	17.28	12.7	14.98
Operating Income	97.22	179.82	162.34	101.35	157.33
Interest Expense	-19.75	-17.33	-4.3	-8.67	-10.66
Other Non-Operating Income (Expense)	46.85	-4.52	1.69	-1.02	0.99
Total Non-Operating Income (Expense)	27.11	-21.86	-2.61	-9.69	-9.67
Pretax Income	124.32	157.97	159.73	91.66	147.66
Provision for Income Taxes	33.63	42.72	43.18	24.82	39.85
Net Income	90.7	115.25	116.56	66.84	107.81
Net Income to Common	90.7	115.25	116.56	66.84	107.81
Net Income Growth	-21.30%	-1.12%	74.38%	-38.01%	-15.05%
Shares Outstanding (Basic)	62	62	63	63	63
Shares Outstanding (Diluted)	62	62	63	63	63
Shares Change (YoY)	-0.50%	-0.73%	-1.10%	-0.05%	-2.18%
EPS (Basic)	1.47	1.86	1.86	1.06	1.70
EPS (Diluted)	1.47	1.86	1.86	1.06	1.70
EPS Growth	-20.97%	-	75.47%	-37.65%	-13.26%
Free Cash Flow	84.14	99.69	98.54	90.34	135.64
Free Cash Flow Growth	-15.60%	1.17%	9.07%	-33.40%	-14.96%
Free Cash Flow Per Share	1.36	1.61	1.58	1.43	2.14
Dividends Per Share	1.500	1.500	1.400	1.200	0.900
Dividend Growth	-	7.14%	16.67%	33.33%	40.63%
Gross Margin	34.45%	48.99%	47.15%	38.41%	50.61%
Operating Margin	30.10%	44.43%	42.61%	34.13%	46.21%
Profit Margin	28.08%	28.48%	30.59%	22.51%	31.67%
FCF Margin	26.05%	24.63%	25.86%	30.42%	39.84%
EBITDA	130.39	213.79	192.87	131.57	185.75
EBITDA Margin	40.37%	52.82%	50.62%	44.31%	54.56%
EBIT	97.22	179.82	162.34	101.35	157.33
EBIT Margin	30.10%	44.43%	42.61%	34.13%	46.21%
Effective Tax Rate	27.05%	27.04%	27.03%	27.08%	26.99%

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