Pollard Banknote Limited (TSXV:PBL)

Pollard Banknote Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	582.48	557.1	520.44	483.72	459.01	414.13
Revenue Growth (YoY)	10.27%	7.04%	7.59%	5.38%	10.84%	4.10%
Cost of Revenue	479.15	452.38	433.86	400.34	368.26	323.09
Gross Profit	103.33	104.72	86.58	83.38	90.75	91.05
Selling, General & Admin	91.41	87.05	78.97	67.37	63.4	52.76
Other Operating Expenses	-0.29	-0.64	0.45	-0.46	-0.52	-1.24
Operating Expenses	91.12	86.41	79.42	66.91	62.88	51.51
Operating Income	12.21	18.31	7.16	16.48	27.87	39.53
Interest Expense	-14.78	-10.29	-10.52	-8.26	-4.98	-4.84
Earnings From Equity Investments	60.11	52.58	39.06	22.28	12.34	1.59
Currency Exchange Gain (Loss)	-1.98	-7.39	2.04	-3.72	-1.42	0.94
EBT Excluding Unusual Items	55.81	53.22	37.74	26.77	33.81	37.22
Merger & Restructuring Charges	-0.51	-1.62	-	-	-1	-2.2
Legal Settlements	-	-	-	-	-2.52	-
Other Unusual Items	0.54	0.54	-0.44	-4.56	-4.13	11.12
Pretax Income	55.84	52.13	37.54	22.22	27.12	46.14
Income Tax Expense	19.69	16.94	6.12	2.94	7.41	12.85
Net Income	36.15	35.2	31.42	19.28	19.7	33.29
Net Income to Common	36.15	35.2	31.42	19.28	19.7	33.29
Net Income Growth	-4.49%	12.03%	62.98%	-2.15%	-40.82%	51.19%
Shares Outstanding (Basic)	27	27	27	27	27	26
Shares Outstanding (Diluted)	27	27	27	27	27	26
Shares Change (YoY)	-0.04%	0.11%	0.67%	0.64%	3.97%	0.53%
EPS (Basic)	1.34	1.30	1.17	0.72	0.74	1.30
EPS (Diluted)	1.32	1.28	1.15	0.71	0.73	1.28
EPS Growth	-4.32%	11.30%	61.97%	-2.74%	-42.97%	49.02%
Free Cash Flow	12.47	48.36	50.02	39.88	34.31	46.69
Free Cash Flow Per Share	0.45	1.76	1.82	1.46	1.27	1.79
Dividend Per Share	0.100	0.200	0.160	0.160	0.160	0.160
Dividend Growth	-44.44%	25.00%	-	-	-	-
Gross Margin	17.74%	18.80%	16.64%	17.24%	19.77%	21.98%
Operating Margin	2.10%	3.29%	1.38%	3.41%	6.07%	9.55%
Profit Margin	6.21%	6.32%	6.04%	3.98%	4.29%	8.04%
Free Cash Flow Margin	2.14%	8.68%	9.61%	8.24%	7.47%	11.28%
EBITDA	38.77	42.83	33.06	40	51.83	59.65
EBITDA Margin	6.66%	7.69%	6.35%	8.27%	11.29%	14.40%
D&A For EBITDA	26.56	24.52	25.9	23.53	23.96	20.11
EBIT	12.21	18.31	7.16	16.48	27.87	39.53
EBIT Margin	2.10%	3.29%	1.38%	3.41%	6.07%	9.55%
Effective Tax Rate	35.26%	32.48%	16.31%	13.23%	27.34%	27.86%

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.