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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	201.13	203.15	229.97	247.26	218.38	159.44
Revenue Growth (YoY)	-9.64%	-11.66%	-6.99%	13.23%	36.97%	17.13%
Cost of Revenue	153.88	156.3	169.67	185.58	166.13	117.15
Gross Profit	47.25	46.85	60.29	61.68	52.25	42.29
Selling, General & Admin	22.48	22.79	24.65	23.92	20.27	16.05
Depreciation & Amortization Expenses	25.44	25.64	23.15	23.62	20.38	19.62
Other Operating Expenses	2.3	2.3	6	-	-	-
Total Operating Expenses	50.23	50.73	53.8	47.54	40.64	35.67
Operating Income	-2.98	-3.89	6.49	14.15	11.61	6.62
Interest Expense	-8.66	-8.96	-11.5	-11.49	-8.88	-6.06
Other Non-Operating Income (Expense)	-	-2.01	-	-	-	-
Total Non-Operating Income (Expense)	-8.66	-10.97	-11.5	-11.49	-8.88	-6.06
Pretax Income	-11.64	-14.86	-5.01	2.66	2.73	0.56
Provision for Income Taxes	-1.26	-1.54	1.13	0.21	0.69	-1.1
Net Income	-12.39	-13.31	-6.13	2.46	2.04	1.66
Net Income to Common	-12.39	-13.31	-6.13	2.46	2.04	1.66
Net Income Growth	-	-	-	20.37%	23.16%	-
Shares Outstanding (Basic)	112	112	112	116	106	91
Shares Outstanding (Diluted)	112	112	112	116	106	91
Shares Change (YoY)	-0.00%	-0.40%	-2.63%	9.33%	15.79%	-3.91%
EPS (Basic)	-0.11	-0.12	-0.05	0.02	0.02	0.02
EPS (Diluted)	-0.11	-0.12	-0.05	0.02	0.02	0.02
Shares Outstanding	112.03	112.03	112.48	114.49	115.62	91.25
Free Cash Flow	19.82	16.57	30.18	30.59	7.68	3.9
Free Cash Flow Growth	19.59%	-45.10%	-1.33%	298.57%	96.59%	-82.61%
Free Cash Flow Per Share	0.20	0.15	0.27	0.26	0.07	0.04
Gross Margin	23.49%	23.06%	26.22%	24.95%	23.93%	26.52%
Operating Margin	-1.48%	-1.91%	2.82%	5.72%	5.32%	4.15%
Profit Margin	-6.16%	-6.55%	-2.67%	0.99%	0.94%	1.04%
FCF Margin	9.85%	8.16%	13.13%	12.37%	3.51%	2.45%
EBITDA	22.46	21.75	29.64	37.77	31.99	26.24
EBITDA Margin	11.17%	10.71%	12.89%	15.27%	14.65%	16.46%
EBIT	-2.98	-3.89	6.49	14.15	11.61	6.62
EBIT Margin	-1.48%	-1.91%	2.82%	5.72%	5.32%	4.15%
Effective Tax Rate	10.82%	10.39%	-22.48%	7.70%	25.31%	-197.13%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.