TSXV:ELM Income Statement

Financials in millions CAD. Fiscal year is June - May.

Millions CAD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	1.12	1.07	1.04	1.06	2.09	0.32
Revenue Growth (YoY)	6.26%	2.65%	-1.88%	-49.25%	547.91%	169.16%
Cost of Revenue	0.64	0.66	0.79	0.87	0.88	0.79
Gross Profit	0.49	0.41	0.25	0.19	1.21	-0.46
Selling, General & Admin	0.34	0.38	0.36	0.59	0.61	0.5
Amortization of Goodwill & Intangibles	-	-	-	-	0.06	0.21
Operating Expenses	0.35	0.39	0.37	0.6	0.67	0.71
Operating Income	0.14	0.02	-0.12	-0.41	0.54	-1.17
Interest Expense	-0.28	-0.3	-0.44	-0.43	-0.66	-0.4
Interest & Investment Income	0.07	0.07	0.08	0.07	0.07	0.02
Other Non Operating Income (Expenses)	-0	-	-	-	0.03	0.02
EBT Excluding Unusual Items	-0.08	-0.21	-0.48	-0.77	-0.02	-1.53
Gain (Loss) on Sale of Investments	-	-	-	-	-0	-
Pretax Income	-0.08	-0.21	-0.48	-0.77	-0.02	-1.53
Income Tax Expense	-0.16	-	-	-0.18	-	-
Net Income	0.08	-0.21	-0.48	-0.59	-0.02	-1.53
Net Income to Common	0.08	-0.21	-0.48	-0.59	-0.02	-1.53
Shares Outstanding (Basic)	70	70	70	70	70	70
Shares Outstanding (Diluted)	70	70	70	70	70	70
EPS (Basic)	0.00	-0.00	-0.01	-0.01	-0.00	-0.02
EPS (Diluted)	0.00	-0.00	-0.01	-0.01	-0.00	-0.02
Free Cash Flow	-0	-0.07	-0.34	0.3	-0.67	-1.14
Free Cash Flow Per Share	-	-0.00	-0.01	0.00	-0.01	-0.02
Gross Margin	43.29%	38.26%	24.11%	18.14%	57.97%	-143.57%
Operating Margin	12.37%	1.90%	-11.51%	-38.37%	25.76%	-362.04%
Profit Margin	6.92%	-19.70%	-45.91%	-55.89%	-1.05%	-473.16%
Free Cash Flow Margin	-0.29%	-6.67%	-32.22%	28.42%	-32.21%	-352.73%
EBITDA	0.14	0.03	-0.11	-0.4	0.6	-0.96
EBITDA Margin	12.91%	2.71%	-10.65%	-37.45%	28.71%	-297.43%
D&A For EBITDA	0.01	0.01	0.01	0.01	0.06	0.21
EBIT	0.14	0.02	-0.12	-0.41	0.54	-1.17
EBIT Margin	12.37%	1.90%	-11.51%	-38.37%	25.76%	-
Revenue as Reported	1.07	1.07	1.04	1.06	2.09	0.32

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.