Argo Corporation 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	2.21	1.56	14.83	54.92	25.42
Revenue Growth (YoY)	41.15%	-89.45%	-72.99%	116.08%	546.01%
Cost of Revenue	2.25	0.24	14.42	58.98	27.43
Gross Profit	-0.04	1.33	0.42	-4.06	-2.01
Selling, General & Admin	10.51	6.75	4.35	9	10.35
Depreciation & Amortization Expenses	0.42	0.38	1.38	3.13	3.14
Research & Development	2.31	1.45	0.61	2.56	2.08
Other Operating Expenses	2.57	1.77	4	13.55	11.76
Total Operating Expenses	15.81	10.36	10.34	28.25	27.32
Operating Income	-15.85	-9.03	-9.92	-32.3	-29.33
Interest Income	0	0	0.02	-	0.04
Interest Expense	-0.94	-2.03	-0.28	-1.38	-0.81
Other Non-Operating Income (Expense)	1.52	-4.16	24.8	0.3	0.59
Total Non-Operating Income (Expense)	0.59	-6.18	24.55	-1.08	-0.19
Pretax Income	-15.26	-15.21	14.63	-33.38	-29.52
Provision for Income Taxes	-	0.06	-0.04	-0.07	-0.38
Net Income	-15.23	-3.73	0.92	-33.44	-29.31
Earnings From Discontinued Operations	0.03	11.66	-13.72	-	-
Net Income to Common	-15.23	-3.73	0.92	-33.44	-29.31
Shares Outstanding (Basic)	160	134	133	124	95
Shares Outstanding (Diluted)	160	134	133	124	95
Shares Change (YoY)	20.04%	0.48%	7.30%	30.08%	3.59%
EPS (Basic)	-0.10	-0.12	0.11	-0.27	-0.31
EPS (Diluted)	-0.10	-0.12	0.11	-0.27	-0.31
Shares Outstanding	339.81	138.68	132.95	132.95	95.72
Free Cash Flow	-1.51	-3.51	-7.55	-21.89	-21.2
Free Cash Flow Per Share	-0.01	-0.03	-0.06	-0.18	-0.22
Gross Margin	-1.78%	84.91%	2.80%	-7.39%	-7.92%
Operating Margin	-717.44%	-576.89%	-66.87%	-58.82%	-115.41%
Profit Margin	-690.68%	-983.93%	98.65%	-60.65%	-114.65%
FCF Margin	-68.35%	-224.18%	-50.88%	-39.86%	-83.41%
EBITDA	-15.43	-8.64	-8.53	-26.16	-24.24
EBITDA Margin	-698.44%	-552.05%	-57.52%	-47.63%	-95.37%
EBIT	-15.85	-9.03	-9.92	-32.3	-29.33
EBIT Margin	-717.44%	-576.89%	-66.87%	-58.82%	-115.41%
Effective Tax Rate	0.00%	-0.41%	-0.25%	0.22%	1.29%

Updated May 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.