IM Cannabis Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	54.73	54.03	48.8	54.34	34.05
Revenue Growth (YoY)	1.30%	10.71%	-10.18%	59.56%	114.30%
Cost of Revenue	45.05	45.58	38.96	45.17	27.72
Gross Profit	9.69	8.45	9.85	9.16	6.33
Selling, General & Admin	14.87	15.09	21.8	29.03	23.95
Other Operating Expenses	1	2.73	-	-	-
Operating Expenses	15.88	18.19	22.02	31.67	29.37
Operating Income	-6.2	-9.74	-12.18	-22.5	-23.04
Interest Expense	-3.5	-4.77	-3.67	-1.97	-0.67
Interest & Investment Income	3.43	2.21	7.01	6.7	17.73
Other Non Operating Income (Expenses)	-	-	-	-	5.81
EBT Excluding Unusual Items	-6.27	-12.3	-8.84	-17.77	-0.16
Merger & Restructuring Charges	-	-	-0.62	-4.38	-
Impairment of Goodwill	-5.39	-0.5	-	-	-
Asset Writedown	-	-	-	-3.91	-
Pretax Income	-11.66	-12.79	-9.46	-26.06	-0.16
Income Tax Expense	0.09	-1.02	0.77	-1.14	0.5
Earnings From Continuing Operations	-11.75	-11.77	-10.23	-24.92	-0.66
Earnings From Discontinued Operations	-	-	-	-166.38	-17.85
Net Income to Company	-11.75	-11.77	-10.23	-191.3	-18.52
Minority Interest in Earnings	0.43	1.19	0.73	2.41	0.76
Net Income	-11.32	-10.59	-9.5	-188.89	-17.76
Net Income to Common	-11.32	-10.59	-9.5	-188.89	-17.76
Shares Outstanding (Basic)	4	2	2	1	1
Shares Outstanding (Diluted)	4	2	2	1	1
Shares Change (YoY)	80.63%	9.96%	71.09%	28.95%	-61.57%
EPS (Basic)	-2.67	-4.51	-4.45	-157.83	-18.36
EPS (Diluted)	-2.67	-4.51	-4.45	-156.23	-18.36
Free Cash Flow	4.7	-1.23	-8.66	-14.2	-38.95
Free Cash Flow Per Share	1.11	-0.53	-4.06	-11.38	-40.26
Gross Margin	17.70%	15.64%	20.17%	16.86%	18.60%
Operating Margin	-11.32%	-18.02%	-24.95%	-41.41%	-67.64%
Profit Margin	-20.68%	-19.59%	-19.46%	-347.64%	-52.16%
Free Cash Flow Margin	8.59%	-2.28%	-17.74%	-26.14%	-114.38%
EBITDA	-4.56	-7.91	-9.77	-17.12	-18.86
EBITDA Margin	-8.33%	-14.63%	-20.03%	-31.50%	-55.37%
D&A For EBITDA	1.64	1.83	2.4	5.39	4.18
EBIT	-6.2	-9.74	-12.18	-22.5	-23.04
EBIT Margin	-11.32%	-18.02%	-24.95%	-41.41%	-67.64%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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