| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90.0 | 209.0 | 393.0 | 314.6 | 309.5 | 313.5 | +1.3% | |
| Cost of revenue | 83.2 | 96.9 | 112.8 | 9.5 | 105.7 | 116.2 | +9.9% | |
| Gross profit | 6.7 | 112.1 | 280.2 | 305.1 | 203.8 | 197.3 | −3.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 12.6 | 18.9 | 23.1 | 19.1 | 16.3 | 19.1 | +17.0% | |
| Selling & marketing | 1.1 | 7.1 | 8.3 | 3.1 | 2.9 | 0.0 | −100.0% | |
| Operating expenses | 10.9 | 13.5 | 22.7 | 19.1 | 25.4 | 30.8 | +21.7% | |
| Operating income | (4.2) | 98.5 | 257.6 | 286.0 | 178.4 | 166.4 | −6.7% | |
| Interest expense | 3.3 | 3.4 | 6.0 | 10.1 | 15.4 | 18.4 | +19.2% | |
| Interest income | 3.3 | 3.4 | 6.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (12.9) | (3.7) | 11.5 | (113.6) | 12.9 | (42.8) | −431.3% | |
| Pre-tax income | (17.1) | 94.8 | 269.0 | 172.4 | 191.4 | 123.6 | −35.4% | |
| Income tax | (3.1) | 22.7 | 59.8 | 40.5 | 41.9 | 31.8 | −24.1% | |
| Net income | (13.9) | 72.1 | 209.2 | 131.9 | 149.4 | 91.8 | −38.6% | |
| 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) | (0.12) | 0.53 | 1.39 | 0.88 | 0.99 | 0.56 | −43.4% | |
| EPS, diluted (per share) | (0.12) | 0.53 | 1.39 | 0.87 | 0.98 | 0.56 | −42.9% | |
| EBITDA | 65.7 | 186.7 | 360.3 | 286.0 | 308.2 | 275.0 | −10.8% | |
| Depreciation & amortization | 79.5 | 88.1 | 102.7 | 96.8 | 101.4 | 108.5 | +7.0% | |
| Weighted average shares (shares) | 118,685,218 | 136,510,142 | 150,633,203 | 150,675,727 | 151,378,266 | 163,960,334 | +8.3% | |
| Weighted average diluted shares (shares) | 118,685,218 | 136,940,337 | 150,822,910 | 151,219,049 | 151,991,800 | 163,960,334 | +7.9% | |
| Gross margin | 7.5% | 53.6% | 71.3% | 97.0% | 65.8% | 62.9% | −2.9 pts | |
| Operating margin | −4.7% | 47.1% | 65.5% | 90.9% | 57.7% | 53.1% | −4.6 pts | |
| Net margin | −15.5% | 34.5% | 53.2% | 41.9% | 48.3% | 29.3% | −19.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
