Tornado Infrastructure Equipment Ltd. (TSXV:TGH)

TSXV:TGH 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	138.64	136.89	105.01	59.52	32.88	31.04
Revenue Growth (YoY)	17.67%	30.36%	76.44%	81.03%	5.92%	-37.47%
Cost of Revenue	111	111.26	85.41	48.66	26.9	25.56
Gross Profit	27.64	25.63	19.6	10.86	5.97	5.48
Selling, General & Admin	10.85	10.01	7.57	6.42	6.06	4.15
Operating Expenses	13.31	12.21	9.44	7.93	8.12	5.92
Operating Income	14.33	13.42	10.16	2.92	-2.15	-0.44
Interest Expense	-0.25	-0.26	-0.66	-0.47	-0.36	-0.31
Currency Exchange Gain (Loss)	0.18	0.63	0.11	-0.23	0.02	-0.21
Other Non Operating Income (Expenses)	0.01	-0.03	-	-	-	-
EBT Excluding Unusual Items	14.26	13.76	9.61	2.22	-2.49	-0.96
Gain (Loss) on Sale of Assets	-0.06	0.01	-0.01	0.22	-0.08	-0
Asset Writedown	-	-	-	-	-0.95	0.11
Pretax Income	14.2	13.77	9.6	2.44	-3.52	-0.85
Income Tax Expense	3.48	3.47	2.26	-0.01	-0.3	-0.18
Net Income	10.72	10.3	7.34	2.46	-3.22	-0.67
Net Income to Common	10.72	10.3	7.34	2.46	-3.22	-0.67
Net Income Growth	19.33%	40.32%	199.06%	-	-	-
Shares Outstanding (Basic)	137	137	136	130	127	127
Shares Outstanding (Diluted)	141	141	137	131	127	127
Shares Change (YoY)	2.69%	2.25%	4.89%	3.34%	0.00%	0.02%
EPS (Basic)	0.08	0.08	0.05	0.02	-0.03	-0.01
EPS (Diluted)	0.07	0.07	0.05	0.02	-0.03	-0.01
EPS Growth	15.48%	37.73%	181.15%	-	-	-
Free Cash Flow	3.23	3.97	3.78	-4.05	1.3	-0.43
Free Cash Flow Per Share	0.02	0.03	0.03	-0.03	0.01	-0.00
Gross Margin	19.94%	18.72%	18.67%	18.24%	18.17%	17.66%
Operating Margin	10.33%	9.80%	9.68%	4.91%	-6.53%	-1.41%
Profit Margin	7.73%	7.53%	6.99%	4.13%	-9.78%	-2.15%
Free Cash Flow Margin	2.33%	2.90%	3.60%	-6.80%	3.95%	-1.38%
EBITDA	15.43	14.41	11.09	4.07	-0.68	1.23
EBITDA Margin	11.13%	10.53%	10.56%	6.84%	-2.08%	3.97%
D&A For EBITDA	1.1	0.99	0.93	1.15	1.46	1.67
EBIT	14.33	13.42	10.16	2.92	-2.15	-0.44
EBIT Margin	10.33%	9.80%	9.68%	4.91%	-6.53%	-1.41%
Effective Tax Rate	24.52%	25.19%	23.52%	-	-	-
Revenue as Reported	-	-	-	-	32.9	30.83

Updated Nov 15, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.