| CAD billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.8 | 14.5 | 17.1 | 16.8 | 17.0 | 17.3 | +1.4% | |
| Cost of revenue | 8.0 | 8.4 | 9.7 | 9.7 | 10.1 | 9.5 | −5.4% | |
| Gross profit | 5.8 | 6.1 | 7.4 | 7.2 | 7.0 | 7.8 | +11.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | (0.3) | (0.4) | (0.5) | (0.5) | 0.0 | 1.2 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.0 | 0.5 | 0.6 | 0.6 | 0.7 | 1.2 | +63.3% | |
| Operating income | 4.8 | 5.6 | 6.8 | 6.6 | 6.2 | 6.6 | +5.4% | |
| Interest expense | 0.6 | 0.6 | 0.5 | 0.7 | 0.9 | 0.9 | +2.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.3) | 0.7 | (0.1) | (0.1) | (0.4) | (0.3) | +18.3% | |
| Pre-tax income | 4.5 | 6.3 | 6.8 | 6.5 | 5.9 | 6.3 | +7.0% | |
| Income tax | 1.0 | 1.4 | 1.6 | 0.9 | 1.4 | 1.5 | +9.9% | |
| Net income | 3.5 | 4.9 | 5.1 | 5.6 | 4.4 | 4.7 | +6.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 5.01 | 8.81 | 10.02 | 8.53 | 7.02 | 7.57 | +7.8% | |
| EPS, diluted (per share) | 5.00 | 6.90 | 7.44 | 8.53 | 7.01 | 7.56 | +7.8% | |
| EBITDA | 6.7 | 8.6 | 9.0 | 9.0 | 8.6 | 9.1 | +5.5% | |
| Depreciation & amortization | 1.6 | 1.6 | 1.7 | 1.8 | 1.9 | 1.9 | +2.3% | |
| Weighted average shares (shares) | 713,279,678 | 710,000,000 | 687,903,225 | 657,700,000 | 633,500,000 | 623,100,000 | −1.6% | |
| Weighted average diluted shares (shares) | 713,000,000 | 710,300,000 | 688,300,000 | 659,100,000 | 634,500,000 | 623,700,000 | −1.7% | |
| Gross margin | 41.8% | 41.9% | 43.2% | 42.5% | 40.9% | 44.9% | +4.0 pts | |
| Operating margin | 34.6% | 38.8% | 40.0% | 39.2% | 36.6% | 38.1% | +1.4 pts | |
| Net margin | 25.7% | 33.8% | 29.9% | 33.4% | 26.1% | 27.3% | +1.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in CAD; the shares trade in USD.
