NTG Clarity Networks Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	76.65	56.13	27.73	17.65	11.9	7.91
Revenue Growth (YoY)	62.61%	102.42%	57.08%	48.39%	50.45%	-8.34%
Cost of Revenue	48.85	35.28	18.93	10.93	5.31	5.67
Gross Profit	27.81	20.85	8.8	6.72	6.59	2.23
Selling, General & Admin	15.85	9.07	6.05	4.17	3.7	3.31
Amortization of Goodwill & Intangibles	-	-	-	0.28	0.13	-
Other Operating Expenses	-0.28	-	-	-	-	-
Operating Expenses	17.07	10.52	6.38	4.94	4.77	3.69
Operating Income	10.74	10.33	2.42	1.78	1.81	-1.46
Interest Expense	-0.34	-0.44	-0.38	-0.32	-0.2	-0.27
Earnings From Equity Investments	0.15	0.21	0.22	-	-	-
Currency Exchange Gain (Loss)	0.23	0.56	-0.58	-0.29	-0.29	-0.09
Other Non Operating Income (Expenses)	0.48	0.22	0.04	0.08	0.06	0.05
EBT Excluding Unusual Items	11.25	10.89	1.71	1.25	1.38	-1.76
Gain (Loss) on Sale of Investments	-0.27	-0.27	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-0.01	-	-	0.1
Other Unusual Items	-	-	-	-0.01	-0.01	0.03
Pretax Income	10.99	10.62	1.7	1.25	1.37	-1.63
Income Tax Expense	3.43	0.81	-0.01	-	-	-
Net Income	7.55	9.81	1.71	1.25	1.37	-1.63
Net Income to Common	7.55	9.81	1.71	1.25	1.37	-1.63
Net Income Growth	33.53%	473.91%	37.01%	-8.92%	-	-
Shares Outstanding (Basic)	46	42	37	30	29	20
Shares Outstanding (Diluted)	50	48	41	33	32	21
Shares Change (YoY)	0.66%	17.84%	23.71%	3.59%	54.52%	84.51%
EPS (Basic)	0.16	0.23	0.05	0.04	0.05	-0.08
EPS (Diluted)	0.14	0.20	0.05	0.04	0.05	-0.08
EPS Growth	17.40%	333.23%	22.60%	-18.94%	-	-
Free Cash Flow	-6.19	1.61	1.17	2.09	1.7	1.82
Free Cash Flow Per Share	-0.12	0.03	0.03	0.06	0.05	0.09
Gross Margin	36.28%	37.14%	31.74%	38.08%	55.38%	28.25%
Operating Margin	14.01%	18.40%	8.73%	10.10%	15.25%	-18.47%
Profit Margin	9.85%	17.48%	6.17%	7.07%	11.52%	-20.65%
Free Cash Flow Margin	-8.08%	2.86%	4.23%	11.81%	14.33%	22.98%
EBITDA	11.17	10.53	2.51	1.87	1.89	-1.42
EBITDA Margin	14.57%	18.76%	9.04%	10.61%	15.85%	-17.95%
D&A For EBITDA	0.43	0.2	0.09	0.09	0.07	0.04
EBIT	10.74	10.33	2.42	1.78	1.81	-1.46
EBIT Margin	14.01%	18.40%	8.73%	10.10%	15.25%	-18.47%
Effective Tax Rate	31.25%	7.63%	-	-	-	-

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