High Tide Income Statement

Financials in millions CAD. Fiscal year is November - October.

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Operating Revenue	593.99	522.31	487.67	356.85	181.12
Revenue	593.99	522.31	487.67	356.85	181.12
Revenue Growth (YoY)	13.72%	7.10%	36.66%	97.02%	117.53%
Cost of Revenue	440.46	379.8	356.36	255.9	117.14
Gross Profit	153.53	142.5	131.31	100.95	63.98
Selling, General & Admin	109.87	98.82	96.18	82.82	49.39
Operating Expenses	138.09	127.19	133.98	121.07	77.83
Operating Income	15.44	15.32	-2.66	-20.11	-13.85
Interest Expense	-13.38	-12.79	-11.64	-9.44	-9.06
Currency Exchange Gain (Loss)	-0.55	-0.02	0.13	-0.31	-0.54
Other Non Operating Income (Expenses)	-23.56	0.31	1.88	6.34	-10.37
EBT Excluding Unusual Items	-22.06	2.8	-12.29	-23.52	-33.82
Merger & Restructuring Charges	-5.81	-2.61	-2.59	-0.31	-2.69
Impairment of Goodwill	-14.81	-3.47	-10.29	-	-
Gain (Loss) on Sale of Investments	-	-	0.04	-0.49	-0.55
Gain (Loss) on Sale of Assets	-	-	-	-	3.31
Asset Writedown	-8.76	-1.5	-23.97	-48.68	-2.73
Other Unusual Items	-	0.37	0.51	-0.77	0.72
Pretax Income	-51.43	-4.4	-48.6	-73.76	-35.77
Income Tax Expense	-0.03	-0.59	-7.64	-2.92	-0.73
Earnings From Continuing Operations	-51.4	-3.81	-40.95	-70.85	-35.04
Minority Interest in Earnings	0.66	-0.53	1.64	-0.91	0.68
Net Income	-50.75	-4.34	-39.31	-71.76	-34.36
Net Income to Common	-50.75	-4.34	-39.31	-71.76	-34.36
Shares Outstanding (Basic)	82	80	74	63	42
Shares Outstanding (Diluted)	82	80	74	63	42
Shares Change (YoY)	3.29%	7.03%	18.40%	47.95%	177.93%
EPS (Basic)	-0.62	-0.05	-0.53	-1.14	-0.81
EPS (Diluted)	-0.62	-0.05	-0.53	-1.14	-0.81
Free Cash Flow	13.78	27.33	14.88	-3.26	-13.39
Free Cash Flow Per Share	0.17	0.34	0.20	-0.05	-0.32
Gross Margin	25.85%	27.28%	26.93%	28.29%	35.33%
Operating Margin	2.60%	2.93%	-0.55%	-5.64%	-7.65%
Profit Margin	-8.54%	-0.83%	-8.06%	-20.11%	-18.97%
Free Cash Flow Margin	2.32%	5.23%	3.05%	-0.92%	-7.39%
EBITDA	27.55	38.54	27.97	-0.69	3.79
EBITDA Margin	4.64%	7.38%	5.73%	-0.19%	2.09%
D&A For EBITDA	12.11	23.23	30.63	19.42	17.64
EBIT	15.44	15.32	-2.66	-20.11	-13.85
EBIT Margin	2.60%	2.93%	-0.55%	-5.64%	-7.65%
Advertising Expenses	3.19	4.17	4.14	7.87	3.44

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.