Vertex Resource Group Ltd. (TSXV:VTX)

Vertex Resource Group 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	216.11	229.97	247.26	218.38	159.44	136.13
Revenue Growth (YoY)	-11.20%	-6.99%	13.23%	36.97%	17.13%	-19.01%
Cost of Revenue	162.74	169.67	185.58	166.13	117.15	105.39
Gross Profit	53.37	60.29	61.68	52.25	42.29	30.74
Selling, General & Admin	22.98	24.55	23.85	20.18	16.05	16.5
Operating Expenses	45.73	47.8	47.54	40.64	35.67	34.5
Operating Income	7.63	12.49	14.15	11.61	6.62	-3.76
Interest Expense	-9.69	-11.01	-11.04	-8.28	-5.61	-5.48
Other Non Operating Income (Expenses)	-0.53	-0.49	-0.44	-0.6	-0.45	-0.58
EBT Excluding Unusual Items	-2.59	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	-11.3	-5.01	2.66	2.73	0.56	-5.28
Income Tax Expense	-0.34	1.13	0.21	0.69	-1.1	0.41
Net Income	-10.95	-6.13	2.46	2.04	1.66	-5.7
Net Income to Common	-10.95	-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)	-1.89%	-2.63%	9.33%	15.79%	-	-
EPS (Basic)	-0.10	-0.05	0.02	0.02	0.02	-0.06
EPS (Diluted)	-0.10	-0.05	0.02	0.02	0.02	-0.06
EPS Growth	-	-	10.10%	6.36%	-	-
Free Cash Flow	26.34	30.18	30.59	7.68	3.9	22.46
Free Cash Flow Per Share	0.23	0.27	0.27	0.07	0.04	0.25
Gross Margin	24.70%	26.22%	24.95%	23.93%	26.52%	22.58%
Operating Margin	3.53%	5.43%	5.72%	5.32%	4.15%	-2.76%
Profit Margin	-5.07%	-2.67%	0.99%	0.94%	1.04%	-4.19%
Free Cash Flow Margin	12.19%	13.13%	12.37%	3.52%	2.45%	16.50%
EBITDA	24.35	29.62	29.06	25.22	21.41	10.04
EBITDA Margin	11.27%	12.88%	11.75%	11.55%	13.43%	7.37%
D&A For EBITDA	16.72	17.13	14.91	13.61	14.8	13.8
EBIT	7.63	12.49	14.15	11.61	6.62	-3.76
EBIT Margin	3.53%	5.43%	5.72%	5.32%	4.15%	-2.76%
Effective Tax Rate	-	-	7.70%	25.31%	-	-
Revenue as Reported	216.11	229.97	247.26	218.38	159.44	-

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