Flow Capital 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
Operating Revenue	0.57	0.62	-	7.8	6.09
Other Revenue	11.44	6.71	5.84	2.5	4.52
Revenue	12.01	7.33	5.84	10.3	10.61
Revenue Growth (YoY)	63.84%	25.42%	-43.23%	-2.98%	1.26%
Gross Profit	12.01	7.33	5.84	10.3	10.61
Selling, General & Admin	4.45	3.87	2.95	3.3	2.98
Operating Expenses	5.9	7.96	2.98	3.34	3.02
Operating Income	6.11	-0.62	2.87	6.96	7.59
Interest Expense	-3.92	-3.01	-2.04	-1.8	-1.58
Currency Exchange Gain (Loss)	-1.49	1.86	-0.58	1.74	-0.19
Other Non Operating Income (Expenses)	0.85	0.44	-	-	0.77
EBT Excluding Unusual Items	1.56	-1.33	0.25	6.9	6.6
Merger & Restructuring Charges	-	-0.07	-0.29	0.02	-0.07
Pretax Income	1.56	-1.4	-0.05	6.92	6.53
Income Tax Expense	0.61	-0.55	0.32	-7.59	0.93
Earnings From Continuing Operations	0.95	-0.85	-0.37	14.51	5.6
Net Income	0.95	-0.85	-0.37	14.51	5.6
Net Income to Common	0.95	-0.85	-0.37	14.51	5.6
Net Income Growth	-	-	-	159.25%	163.81%
Shares Outstanding (Basic)	30	31	32	31	31
Shares Outstanding (Diluted)	31	31	32	32	32
Shares Change (YoY)	0.01%	-2.67%	-1.81%	0.10%	-8.78%
EPS (Basic)	0.03	-0.03	-0.01	0.46	0.18
EPS (Diluted)	0.03	-0.03	-0.01	0.45	0.17
EPS Growth	-	-	-	158.94%	189.24%
Free Cash Flow	-9.21	-7.78	-6.32	6.58	-2.31
Free Cash Flow Per Share	-0.30	-0.25	-0.20	0.20	-0.07
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	50.91%	-8.52%	49.09%	67.58%	71.55%
Profit Margin	7.89%	-11.63%	-6.32%	140.93%	52.74%
Free Cash Flow Margin	-76.66%	-106.15%	-108.08%	63.93%	-21.77%
EBITDA	6.12	-0.62	2.89	7	7.63
EBITDA Margin	50.92%	-8.51%	49.52%	67.94%	71.89%
D&A For EBITDA	0	0	0.03	0.04	0.04
EBIT	6.11	-0.62	2.87	6.96	7.59
EBIT Margin	50.91%	-8.52%	49.09%	67.58%	71.55%
Effective Tax Rate	39.13%	-	-	-	14.29%
Revenue as Reported	12.01	7.33	5.84	10.3	10.61

Source: S&P Global Market Intelligence. Standard template. Financial Sources.