| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83.3 | 181.1 | 356.9 | 487.7 | 522.3 | 594.0 | +13.7% | |
| Cost of revenue | 52.5 | 117.1 | 255.9 | 356.4 | 379.8 | 440.5 | +16.0% | |
| Gross profit | 30.8 | 64.0 | 101.0 | 131.3 | 142.5 | 153.5 | +7.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 22.6 | 54.3 | 90.9 | 101.2 | 101.8 | 113.8 | +11.8% | |
| Selling & marketing | 0.4 | 3.4 | 7.9 | 4.1 | 4.2 | 3.2 | −23.5% | |
| Operating expenses | 30.7 | 82.7 | 173.3 | 172.7 | 137.5 | 168.0 | +22.2% | |
| Operating income | 0.1 | (18.7) | (72.3) | (41.4) | 5.0 | (14.4) | −388.8% | |
| Interest expense | 7.8 | 10.2 | 9.9 | 11.6 | 12.8 | 13.4 | +4.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (6.2) | (17.1) | (1.5) | (7.2) | (9.4) | (37.0) | −293.1% | |
| Pre-tax income | (6.1) | (35.8) | (73.8) | (48.6) | (4.4) | (51.4) | −1067.8% | |
| Income tax | 0.2 | (0.7) | (2.9) | (7.6) | (0.6) | (0.0) | +95.8% | |
| Net income | (7.0) | (34.4) | (71.8) | (39.3) | (4.3) | (50.7) | −1070.1% | |
| 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) | (0.45) | (0.83) | (1.13) | (0.53) | (0.05) | (0.62) | −1037.6% | |
| EPS, diluted (per share) | (0.45) | (0.83) | (1.13) | (0.53) | (0.05) | (0.62) | −1037.6% | |
| EBITDA | 8.7 | (2.0) | (33.6) | (4.2) | 33.8 | (13.7) | −140.7% | |
| Depreciation & amortization | 6.8 | 23.6 | 30.2 | 32.8 | 25.4 | 24.3 | −4.3% | |
| Weighted average shares (shares) | 15,267,032 | 42,431,689 | 62,775,446 | 74,329,268 | 79,556,928 | 82,178,620 | +3.3% | |
| Weighted average diluted shares (shares) | 15,267,032 | 42,431,689 | 62,775,446 | 74,329,171 | 79,556,928 | 82,178,620 | +3.3% | |
| Gross margin | 37.0% | 35.3% | 28.3% | 26.9% | 27.3% | 25.8% | −1.4 pts | |
| Operating margin | 0.1% | −10.3% | −20.3% | −8.5% | 1.0% | −2.4% | −3.4 pts | |
| Net margin | −8.4% | −19.0% | −20.1% | −8.1% | −0.8% | −8.5% | −7.7 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.
