Vertex Resource Group 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	204.27	229.97	247.26	218.38	159.44	136.13
Revenue Growth (YoY)	-14.47%	-6.99%	13.23%	36.97%	17.13%	-19.01%
Cost of Revenue	155.69	169.67	185.58	166.13	117.15	105.39
Gross Profit	48.58	60.29	61.68	52.25	42.29	30.74
Selling, General & Admin	22.94	24.55	23.85	20.18	16.05	16.5
Operating Expenses	45.35	47.8	47.54	40.64	35.67	34.5
Operating Income	3.24	12.49	14.15	11.61	6.62	-3.76
Interest Expense	-8.62	-11.01	-11.04	-8.28	-5.61	-5.48
Other Non Operating Income (Expenses)	-0.68	-0.49	-0.44	-0.6	-0.45	-0.58
EBT Excluding Unusual Items	-6.06	0.99	2.66	2.73	0.56	-9.82
Merger & Restructuring Charges	-	-	-	-	-	-1.9
Impairment of Goodwill	-6	-6	-	-	-	-3.3
Asset Writedown	-2.71	-	-	-	-	-0.37
Other Unusual Items	-	-	-	-	-	10.1
Pretax Income	-14.77	-5.01	2.66	2.73	0.56	-5.28
Income Tax Expense	-1.13	1.13	0.21	0.69	-1.1	0.41
Net Income	-13.64	-6.13	2.46	2.04	1.66	-5.7
Net Income to Common	-13.64	-6.13	2.46	2.04	1.66	-5.7
Net Income Growth	-	-	20.37%	23.16%	-	-
Shares Outstanding (Basic)	112	112	116	106	91	91
Shares Outstanding (Diluted)	112	112	116	106	91	91
Shares Change (YoY)	-1.11%	-2.63%	9.33%	15.79%	-	-
EPS (Basic)	-0.12	-0.05	0.02	0.02	0.02	-0.06
EPS (Diluted)	-0.12	-0.05	0.02	0.02	0.02	-0.06
EPS Growth	-	-	10.10%	6.36%	-	-
Free Cash Flow	22	30.18	30.59	7.68	3.9	22.46
Free Cash Flow Per Share	0.20	0.27	0.27	0.07	0.04	0.25
Gross Margin	23.78%	26.22%	24.95%	23.93%	26.52%	22.58%
Operating Margin	1.58%	5.43%	5.72%	5.32%	4.15%	-2.76%
Profit Margin	-6.68%	-2.67%	0.99%	0.94%	1.04%	-4.19%
Free Cash Flow Margin	10.77%	13.13%	12.37%	3.52%	2.45%	16.50%
EBITDA	19.65	29.62	29.06	25.22	21.41	10.04
EBITDA Margin	9.62%	12.88%	11.75%	11.55%	13.43%	7.37%
D&A For EBITDA	16.41	17.13	14.91	13.61	14.8	13.8
EBIT	3.24	12.49	14.15	11.61	6.62	-3.76
EBIT Margin	1.58%	5.43%	5.72%	5.32%	4.15%	-2.76%
Effective Tax Rate	-	-	7.70%	25.31%	-	-
Revenue as Reported	204.27	229.97	247.26	218.38	159.44	-

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