Vertex Resource Group Ltd. (TSXV:VTX)

Vertex Resource Group Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	203.15	229.97	247.26	218.38	159.44
Revenue Growth (YoY)	-11.66%	-6.99%	13.23%	36.97%	17.13%
Cost of Revenue	156.3	169.67	185.58	166.13	117.15
Gross Profit	46.85	60.29	61.68	52.25	42.29
Selling, General & Admin	22.79	24.65	23.92	20.27	16.05
Depreciation & Amortization Expenses	25.64	23.15	23.62	20.38	19.62
Other Operating Expenses	2.3	6	-	-	-
Total Operating Expenses	50.73	53.8	47.54	40.64	35.67
Operating Income	-3.89	6.49	14.15	11.61	6.62
Interest Expense	-8.96	-11.5	-11.49	-8.88	-6.06
Other Non-Operating Income (Expense)	-2.01	-	-	-	-
Total Non-Operating Income (Expense)	-10.97	-11.5	-11.49	-8.88	-6.06
Pretax Income	-14.86	-5.01	2.66	2.73	0.56
Provision for Income Taxes	-1.54	1.13	0.21	0.69	-1.1
Net Income	-13.31	-6.13	2.46	2.04	1.66
Net Income to Common	-13.31	-6.13	2.46	2.04	1.66
Net Income Growth	-	-	20.37%	23.16%	-
Shares Outstanding (Basic)	112	112	116	106	91
Shares Outstanding (Diluted)	112	112	116	106	91
Shares Change (YoY)	-0.40%	-2.63%	9.33%	15.79%	-3.91%
EPS (Basic)	-0.12	-0.05	0.02	0.02	0.02
EPS (Diluted)	-0.12	-0.05	0.02	0.02	0.02
Shares Outstanding	112.03	112.48	114.49	115.62	91.25
Free Cash Flow	16.57	30.18	30.59	7.68	3.9
Free Cash Flow Growth	-45.10%	-1.33%	298.57%	96.59%	-82.61%
Free Cash Flow Per Share	0.15	0.27	0.26	0.07	0.04
Gross Margin	23.06%	26.22%	24.95%	23.93%	26.52%
Operating Margin	-1.91%	2.82%	5.72%	5.32%	4.15%
Profit Margin	-6.55%	-2.67%	0.99%	0.94%	1.04%
FCF Margin	8.16%	13.13%	12.37%	3.51%	2.45%
EBITDA	21.75	29.64	37.77	31.99	26.24
EBITDA Margin	10.71%	12.89%	15.27%	14.65%	16.46%
EBIT	-3.89	6.49	14.15	11.61	6.62
EBIT Margin	-1.91%	2.82%	5.72%	5.32%	4.15%
Effective Tax Rate	10.39%	-22.48%	7.70%	25.31%	-197.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.