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	97.59
Gross Profit	48.58	60.29	61.68	52.25	42.29	38.54
Selling, General & Admin	22.92	24.65	23.92	20.27	16.05	14.26
Depreciation & Amortization Expenses	22.43	23.15	23.62	20.38	19.62	17.94
Other Operating Expenses	8.71	6	-	-	-	5.56
Total Operating Expenses	54.06	53.8	47.54	40.64	35.67	37.76
Operating Income	-5.47	6.49	14.15	11.61	6.62	0.78
Interest Expense	-9.3	-11.5	-11.49	-8.88	-6.06	-6.06
Total Non-Operating Income (Expense)	-9.3	-11.5	-11.49	-8.88	-6.06	-6.06
Pretax Income	-14.77	-5.01	2.66	2.73	0.56	-5.28
Provision for Income Taxes	-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	95
Shares Outstanding (Diluted)	112	112	116	106	91	95
Shares Change (YoY)	-1.12%	-2.63%	9.33%	15.79%	-3.91%	4.07%
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
Free Cash Flow	22	30.18	30.59	7.68	3.9	22.46
Free Cash Flow Growth	-27.11%	-1.33%	298.57%	96.59%	-82.61%	54.55%
Free Cash Flow Per Share	0.20	0.27	0.26	0.07	0.04	-
Gross Margin	23.78%	26.22%	24.95%	23.93%	26.52%	28.31%
Operating Margin	-2.68%	2.82%	5.72%	5.32%	4.15%	0.57%
Profit Margin	-6.68%	-2.67%	0.99%	0.94%	1.04%	-4.19%
FCF Margin	10.77%	13.13%	12.37%	3.51%	2.45%	16.50%
EBITDA	16.96	29.64	37.77	31.99	26.24	18.72
EBITDA Margin	8.30%	12.89%	15.27%	14.65%	16.46%	13.75%
EBIT	-5.47	6.49	14.15	11.61	6.62	0.78
EBIT Margin	-2.68%	2.82%	5.72%	5.32%	4.15%	0.57%
Effective Tax Rate	7.67%	-22.48%	7.70%	25.31%	-197.13%	-7.83%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.