Yellow Pages 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	198.88	214.83	239.43	268.28	287.65
Revenue Growth (YoY)	-7.42%	-10.28%	-10.75%	-6.73%	-13.76%
Cost of Revenue	155.84	163.99	162.57	171.71	185.65
Gross Profit	43.04	50.84	76.86	96.57	102
Depreciation & Amortization Expenses	12.32	13.44	13.66	15.4	19.64
Other Operating Expenses	4.26	2.03	2.21	3.23	5.34
Total Operating Expenses	16.58	15.46	15.86	18.63	24.98
Operating Income	26.46	35.37	61	77.94	77.02
Interest Expense	-1.7	-0.95	-0.73	-1.81	-9.34
Other Non-Operating Income (Expense)	-3.97	-	-	-	-7.76
Total Non-Operating Income (Expense)	-5.67	-0.95	-0.73	-1.81	-17.11
Pretax Income	20.79	34.43	60.26	76.13	59.91
Provision for Income Taxes	2.68	9.45	12.87	2.7	-10.72
Net Income	18.11	24.98	47.4	73.43	70.64
Net Income to Common	18.11	24.98	47.4	73.43	70.64
Net Income Growth	-27.51%	-47.30%	-35.45%	3.96%	17.14%
Shares Outstanding (Basic)	14	14	18	24	26
Shares Outstanding (Diluted)	14	14	18	24	27
Shares Change (YoY)	0.11%	-22.62%	-25.76%	-10.41%	-17.92%
EPS (Basic)	1.33	1.84	2.70	3.10	2.68
EPS (Diluted)	1.31	1.82	2.65	3.02	2.64
EPS Growth	-28.02%	-31.32%	-12.25%	14.39%	25.71%
Free Cash Flow	35.01	38.95	46.73	49.41	104.46
Free Cash Flow Growth	-10.10%	-16.66%	-5.41%	-52.70%	-17.59%
Free Cash Flow Per Share	2.54	2.83	2.63	2.06	3.91
Dividends Per Share	1.000	1.000	0.850	0.600	0.600
Dividend Growth	-	17.65%	41.67%	-	36.36%
Gross Margin	21.64%	23.66%	32.10%	36.00%	35.46%
Operating Margin	13.31%	16.47%	25.48%	29.05%	26.78%
Profit Margin	9.10%	11.63%	19.80%	27.37%	24.56%
FCF Margin	17.61%	18.13%	19.52%	18.42%	36.32%
EBITDA	38.78	48.81	74.66	93.34	96.66
EBITDA Margin	19.50%	22.72%	31.18%	34.79%	33.60%
EBIT	26.46	35.37	61	77.94	77.02
EBIT Margin	13.31%	16.47%	25.48%	29.05%	26.78%
Effective Tax Rate	12.90%	27.45%	21.35%	3.55%	-17.89%

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