Pinetree Capital 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	2020 - 2016
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	2020 - 2016
Other Revenue	12.15	33.3	6.65	2.29	2.39	Upgrade
Revenue	12.15	33.3	6.65	2.29	2.39	Upgrade
Revenue Growth (YoY)	-63.52%	400.87%	190.48%	-4.39%	42.67%	Upgrade
Gross Profit	12.15	33.3	6.65	2.29	2.39	Upgrade
Selling, General & Admin	1.6	0.79	0.75	0.83	0.64	Upgrade
Operating Expenses	1.6	0.79	0.75	0.83	0.64	Upgrade
Operating Income	10.55	32.52	5.9	1.46	1.76	Upgrade
Interest Expense	-0.01	-0.01	-0.02	-0.02	-0.02	Upgrade
Currency Exchange Gain (Loss)	-0.03	-0	-0.01	-0.19	-0.1	Upgrade
Other Non Operating Income (Expenses)	-	-0.13	-0.11	-0.1	-0.17	Upgrade
EBT Excluding Unusual Items	10.51	32.36	5.77	1.15	1.47	Upgrade
Pretax Income	10.51	32.36	5.77	1.15	1.47	Upgrade
Income Tax Expense	0.62	0.04	0.02	-0.03	0.01	Upgrade
Net Income	9.89	32.33	5.75	1.18	1.46	Upgrade
Net Income to Common	9.89	32.33	5.75	1.18	1.46	Upgrade
Net Income Growth	-69.42%	461.92%	387.54%	-19.12%	21.28%	Upgrade
Shares Outstanding (Basic)	9	9	9	9	8	Upgrade
Shares Outstanding (Diluted)	9	9	9	9	8	Upgrade
Shares Change (YoY)	-	-	-	23.24%	68.42%	Upgrade
EPS (Basic)	1.05	3.44	0.61	0.13	0.19	Upgrade
EPS (Diluted)	1.05	3.44	0.61	0.13	0.19	Upgrade
EPS Growth	-69.51%	461.92%	387.54%	-34.37%	-27.99%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	86.86%	97.63%	88.80%	63.87%	73.31%	Upgrade
Profit Margin	81.38%	97.07%	86.52%	51.55%	60.94%	Upgrade
EBIT	10.55	32.52	5.9	1.46	1.76	Upgrade
EBIT Margin	86.86%	97.63%	88.80%	63.87%	73.31%	Upgrade
Effective Tax Rate	5.92%	0.11%	0.26%	-	0.88%	Upgrade
Revenue as Reported	12.15	33.3	6.65	2.29	2.39	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.