TSXV:NET.UN 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
Rental Revenue	27.98	26.12	26.55	24.73	18.95
Other Revenue	3.13	1.86	3.08	-0.9	2.97
Total Revenue	31.11	27.99	29.63	23.83	21.92
Revenue Growth (YoY	11.16%	-5.54%	24.34%	8.71%	41.41%
Property Expenses	7.75	7.21	7.12	6.36	4.63
Selling, General & Administrative	1.07	1.25	1.02	0.89	0.81
Total Operating Expenses	9.88	9.22	8.68	7.85	5.75
Operating Income	21.23	18.76	20.95	15.98	16.17
Interest Expense	-7.52	-7.32	-7.64	-6.58	-4.68
Interest & Investment Income	0.31	0.39	0.39	0.32	0.24
Other Non-Operating Income	-0.03	0.02	0.21	0.53	0.08
EBT Excluding Unusual Items	13.99	11.85	13.91	10.24	11.82
Gain (Loss) on Sale of Assets	-	-	-	-	0.06
Asset Writedown	3.04	-4.76	4.32	-16.74	13.36
Other Unusual Items	-0.03	-0.09	-	-	-
Pretax Income	17.01	7.01	18.23	-6.5	25.24
Income Tax Expense	0.34	-0.1	0.01	-0	0.15
Net Income	16.67	7.1	18.22	-6.49	25.09
Net Income to Common	16.67	7.1	18.22	-6.49	25.09
Net Income Growth	134.72%	-61.02%	-	-	160.78%
Basic Shares Outstanding	21	21	21	21	19
Diluted Shares Outstanding	21	21	21	21	19
Shares Change (YoY)	0.18%	-0.06%	0.25%	10.44%	23.20%
EPS (Basic)	0.81	0.35	0.89	-0.32	1.35
EPS (Diluted)	0.81	0.35	0.89	-0.32	1.35
EPS Growth	134.31%	-60.99%	-	-	106.83%
Dividend Per Share	0.350	0.350	0.345	0.340	0.300
Dividend Growth	0.01%	1.45%	1.47%	13.33%	17.37%
Operating Margin	68.24%	67.05%	70.70%	67.05%	73.76%
Profit Margin	53.60%	25.38%	61.50%	-27.25%	114.46%
EBIT	21.23	18.76	20.95	15.98	16.17
EBIT Margin	68.24%	67.05%	70.70%	67.05%	73.76%
Funds From Operations (FFO)	13.65	12.36	13.06	13.04	10.79
Adjusted Funds From Operations (AFFO)	13.01	11.59	11.72	12.15	10.03
FFO Payout Ratio	52.42%	57.39%	54.33%	53.43%	51.68%
Effective Tax Rate	1.98%	-	0.03%	-	0.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.