Constellation Software Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	11.6B	10.1B	8.4B	6.6B	5.1B
Operating Revenue	11.6B	10.1B	8.4B	6.6B	5.1B
Cost Of Revenue	7.3B	6.5B	5.5B	4.3B	3.2B
Gross Profit	4.4B	3.6B	2.9B	2.3B	1.9B
Selling General And Administration	877.0M	744.0M	600.0M	470.0M	305.0M
General And Administrative Expense	877.0M	744.0M	600.0M	470.0M	305.0M
Depreciation And Amortization In Income Statement	1.4B	1.2B	1.0B	819.0M	639.0M
Operating Expense	2.3B	2.0B	1.6B	1.3B	944.0M
Operating Income	2.1B	1.6B	1.3B	1.0B	936.0M
EBIT	1.2B	1.3B	428.0M	813.0M	427.0M
Interest Expense	256.0M	248.0M	163.0M	88.0M	53.0M
Interest Expense Non Operating	256.0M	248.0M	163.0M	88.0M	53.0M
Interest Income	49.0M	36.0M	4.0M	1.0M	3.0M
Interest Income Non Operating	49.0M	36.0M	4.0M	1.0M	3.0M
Net Interest Income	-147.0M	-220.0M	-164.0M	-94.0M	-63.0M
Other Income Expense	-1.0B	-415.0M	-895.0M	-217.0M	-497.0M
Other Non Operating Income Expenses	-655.0M	-423.0M	-887.0M	-266.0M	-489.0M
Special Income Charges	-33.0M	-18.0M	28.0M	9.0M	-10.0M
Restructuring And Mergern Acquisition	-10.0M	-10.0M	-54.0M	-16.0M	-2.0M
Gain On Sale Of Security	-74.0M	26.0M	-41.0M	40.0M	1.0M
Earnings From Equity Interest	-261.0M	0.00	5.0M	0.00	1.0M
Pretax Income	939.0M	1.0B	265.0M	725.0M	374.0M
Tax Provision	353.0M	244.0M	204.0M	175.0M	206.0M
Tax Effect Of Unusual Items	-40.2M	1.9M	-5.2M	11.8M	-2.4M
Net Income From Continuing And Discontinued Operation	512.0M	731.0M	565.0M	512.0M	310.0M
Net Income From Continuing Operation Net Minority Interest	512.0M	731.0M	565.0M	512.0M	310.0M
Net Income Including Noncontrolling Interests	586.0M	767.0M	62.0M	551.0M	169.0M
Minority Interests	-74.0M	-37.0M	503.0M	-38.0M	142.0M
Net Income Common Stockholders	512.0M	731.0M	565.0M	512.0M	310.0M
Net Income	512.0M	731.0M	565.0M	512.0M	310.0M
EBITDA	2.6B	2.5B	1.4B	1.6B	1.1B
Normalized EBITDA	2.7B	2.5B	1.5B	1.6B	1.1B
Reconciled Depreciation	1.4B	1.2B	1.0B	819.0M	639.0M
Basic EPS	--	34.48	26.67	24.18	14.65
Diluted EPS	--	34.48	26.67	24.18	14.65
Basic Average Shares	--	21.2M	21.2M	21.2M	21.2M
Diluted Average Shares	--	21.2M	21.2M	21.2M	21.2M
Total Unusual Items	-107.0M	8.0M	-13.0M	49.0M	-9.0M
Total Unusual Items Excluding Goodwill	-107.0M	8.0M	-13.0M	49.0M	-9.0M
Tax Rate For Calcs	0.38	0.24	0.40	0.24	0.27
Normalized Income	578.8M	724.9M	572.8M	474.8M	316.6M
Amortization	1.2B	1.0B	859.0M	676.0M	518.0M
Amortization Of Intangibles Income Statement	1.2B	1.0B	859.0M	676.0M	518.0M
Depreciation Amortization Depletion Income Statement	1.4B	1.2B	1.0B	819.0M	639.0M
Depreciation Income Statement	201.0M	182.0M	162.0M	143.0M	121.0M
Diluted NI Availto Com Stockholders	512.0M	731.0M	565.0M	512.0M	310.0M
Impairment Of Capital Assets	43.0M	28.0M	26.0M	7.0M	12.0M
Net Income Continuous Operations	586.0M	767.0M	61.0M	550.0M	168.0M
Net Non Operating Interest Income Expense	-147.0M	-220.0M	-164.0M	-94.0M	-63.0M
Other Gand A	806.0M	680.0M	549.0M	421.0M	265.0M
Reconciled Cost Of Revenue	7.3B	6.5B	5.5B	4.3B	3.2B
Rent And Landing Fees	71.0M	64.0M	51.0M	49.0M	40.0M
Rent Expense Supplemental	71.0M	64.0M	51.0M	49.0M	40.0M
Salaries And Wages	--	5.3B	4.5B	3.5B	2.7B
Total Expenses	9.5B	8.4B	7.1B	5.6B	4.2B
Total Other Finance Cost	-60.0M	8.0M	5.0M	7.0M	13.0M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	3.1B	2.0B	1.3B	811.0M	763.0M
Cash Cash Equivalents And Short Term Investments	3.1B	2.0B	1.3B	926.0M	802.0M
Cash Financial	--	2.0B	1.3B	811.0M	763.0M
Other Short Term Investments	52.0M	14.0M	14.0M	115.0M	39.0M
Accounts Receivable	1.5B	1.3B	1.1B	892.0M	600.0M
Receivables	2.2B	1.9B	1.7B	1.3B	842.0M
Inventory	68.0M	56.0M	51.0M	48.0M	35.0M
Prepaid Assets	--	--	--	--	155.0M
Other Current Assets	376.0M	317.0M	278.0M	222.0M	156.0M
Current Assets	5.8B	4.3B	3.3B	2.5B	1.8B
Gross PPE	1.4B	1.2B	979.0M	608.0M	682.0M
Accumulated Depreciation	-754.0M	-621.0M	-526.0M	-196.0M	-343.0M
Net PPE	624.0M	550.0M	453.0M	412.0M	339.0M
Goodwill	1.8B	1.5B	1.3B	792.0M	610.0M
Goodwill And Other Intangible Assets	8.4B	7.5B	6.7B	4.7B	3.4B
Other Intangible Assets	6.6B	6.0B	5.4B	3.9B	2.8B
Investments And Advances	655.0M	13.0M	10.0M	3.0M	2.0M
Long Term Equity Investment	655.0M	13.0M	10.0M	3.0M	2.0M
Other Non Current Assets	217.0M	206.0M	193.0M	-1.0M	-1.0M
Total Non Current Assets	10.4B	8.6B	7.5B	5.4B	3.9B
Total Assets	16.2B	12.8B	10.9B	7.9B	5.8B
Current Debt	1.4B	622.0M	1.1B	821.0M	203.0M
Current Debt And Capital Lease Obligation	1.5B	737.0M	1.2B	917.0M	282.0M
Accounts Payable	1.9B	1.6B	1.4B	1.1B	832.0M
Payables	2.3B	1.9B	1.7B	1.4B	1.0B
Payables And Accrued Expenses	2.3B	1.9B	1.7B	1.4B	1.0B
Current Deferred Revenue	2.2B	2.0B	1.8B	1.5B	1.2B
Other Current Liabilities	--	-1.0M	814.0M	-1.0M	6.0M
Current Liabilities	6.1B	4.7B	5.5B	3.8B	2.5B
Long Term Debt	4.0B	3.5B	2.2B	1.2B	915.0M
Long Term Debt And Capital Lease Obligation	4.3B	3.8B	2.5B	1.4B	1.1B
Long Term Capital Lease Obligation	282.0M	252.0M	236.0M	218.0M	190.0M
Other Non Current Liabilities	332.0M	211.0M	154.0M	158.0M	124.0M
Total Non Current Liabilities Net Minority Interest	5.8B	4.9B	3.4B	2.2B	1.8B
Total Liabilities Net Minority Interest	11.9B	9.6B	8.9B	5.9B	4.2B
Common Stock	99.0M	99.0M	99.0M	99.0M	99.0M
Capital Stock	99.0M	99.0M	99.0M	99.0M	99.0M
Retained Earnings	3.3B	2.9B	1.9B	1.8B	1.2B
Gains Losses Not Affecting Retained Earnings	130.0M	-224.0M	-99.0M	-150.0M	-66.0M
Other Equity Adjustments	130.0M	-224.0M	-99.0M	-150.0M	-66.0M
Common Stock Equity	3.6B	2.8B	1.9B	1.7B	1.1B
Stockholders Equity	3.6B	2.8B	1.9B	1.7B	1.1B
Total Equity Gross Minority Interest	4.3B	3.3B	2.0B	1.9B	1.5B
Minority Interest	692.0M	493.0M	85.0M	221.0M	460.0M
Total Capitalization	7.6B	6.3B	4.1B	2.9B	2.0B
Net Tangible Assets	-4.8B	-4.7B	-4.8B	-3.0B	-2.4B
Tangible Book Value	-4.8B	-4.7B	-4.8B	-3.0B	-2.4B
Working Capital	-271.0M	-370.0M	-2.1B	-1.3B	-626.0M
Invested Capital	8.9B	7.0B	5.2B	3.7B	2.2B
Total Debt	5.8B	4.5B	3.7B	2.3B	1.4B
Net Debt	2.3B	2.2B	2.0B	1.2B	355.0M
Share Issued	21.2M	21.2M	21.2M	21.2M	21.2M
Ordinary Shares Number	21.2M	21.2M	21.2M	21.2M	21.2M
Allowance For Doubtful Accounts Receivable	-111.0M	-111.0M	-110.0M	-67.0M	-32.0M
Buildings And Improvements	650.0M	565.0M	519.0M	7.0M	362.0M
Capital Lease Obligations	423.0M	367.0M	348.0M	314.0M	269.0M
Current Capital Lease Obligation	141.0M	115.0M	112.0M	96.0M	79.0M
Current Deferred Liabilities	2.2B	2.0B	1.8B	1.5B	1.2B
Current Provisions	17.0M	22.0M	9.0M	11.0M	11.0M
Dividends Payable	21.0M	21.0M	21.0M	21.0M	22.0M
Finished Goods	47.0M	38.0M	30.0M	30.0M	19.0M
Gross Accounts Receivable	1.6B	1.4B	1.2B	958.0M	632.0M
Income Tax Payable	150.0M	110.0M	89.0M	99.0M	56.0M
Leases	72.0M	70.0M	63.0M	56.0M	47.0M
Machinery Furniture Equipment	650.0M	531.0M	393.0M	262.0M	269.0M
Non Current Accounts Receivable	19.0M	21.0M	13.0M	115.0M	50.0M
Non Current Deferred Assets	465.0M	313.0M	179.0M	214.0M	112.0M
Non Current Deferred Liabilities	1.0B	760.0M	692.0M	565.0M	488.0M
Non Current Deferred Revenue	119.0M	89.0M	88.0M	100.0M	52.0M
Non Current Deferred Taxes Assets	355.0M	222.0M	108.0M	159.0M	66.0M
Non Current Deferred Taxes Liabilities	890.0M	671.0M	604.0M	465.0M	436.0M
Other Current Borrowings	1.4B	622.0M	1.1B	821.0M	203.0M
Other Equity Interest	--	--	--	--	-179.0M
Other Payable	224.0M	215.0M	168.0M	159.0M	94.0M
Other Properties	6.0M	5.0M	4.0M	283.0M	4.0M
Other Receivables	451.0M	375.0M	340.0M	313.0M	190.0M
Properties	0.00	0.00	0.00	0.00	0.00
Raw Materials	15.0M	13.0M	10.0M	13.0M	14.0M
Taxes Receivable	297.0M	258.0M	234.0M	65.0M	52.0M
Total Tax Payable	150.0M	110.0M	89.0M	99.0M	56.0M
Tradeand Other Payables Non Current	208.0M	133.0M	88.0M	73.0M	68.0M
Work In Process	6.0M	5.0M	11.0M	5.0M	2.0M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	2.7B	2.2B	1.8B	1.3B	1.3B
Cash Flow From Continuing Operating Activities	2.7B	2.2B	1.8B	1.3B	1.3B
Depreciation And Amortization	1.4B	1.2B	1.0B	819.0M	639.0M
Depreciation Amortization Depletion	1.4B	1.2B	1.0B	819.0M	639.0M
Deferred Tax	353.0M	244.0M	204.0M	175.0M	206.0M
Deferred Income Tax	353.0M	244.0M	204.0M	175.0M	206.0M
Change In Working Capital	-6.0M	-45.0M	-36.0M	-61.0M	45.0M
Changes In Account Receivables	56.0M	-67.0M	-62.0M	-84.0M	-22.0M
Change In Receivables	32.0M	-67.0M	-114.0M	-107.0M	-35.0M
Change In Inventory	8.0M	6.0M	4.0M	-9.0M	1.0M
Change In Payables And Accrued Expense	80.0M	109.0M	151.0M	73.0M	80.0M
Change In Other Working Capital	-31.0M	77.0M	71.0M	65.0M	54.0M
Change In Other Current Assets	-72.0M	-106.0M	-68.0M	-78.0M	-55.0M
Change In Other Current Liabilities	-23.0M	-64.0M	-80.0M	-5.0M	0.00
Other Non Cash Items	594.0M	462.0M	860.0M	189.0M	485.0M
Capital Expenditure	-68.0M	-67.0M	-42.0M	-41.0M	-29.0M
Purchase Of PPE	-68.0M	-67.0M	-42.0M	-41.0M	-29.0M
Net PPE Purchase And Sale	-68.0M	-67.0M	-42.0M	-41.0M	-29.0M
Purchase Of Business	-1.5B	-1.7B	-1.8B	-1.8B	-1.4B
Sale Of Business	173.0M	164.0M	152.0M	216.0M	186.0M
Purchase Of Investment	-580.0M	-8.0M	-23.0M	-97.0M	-44.0M
Sale Of Investment	50.0M	7.0M	119.0M	6.0M	13.0M
Net Investment Purchase And Sale	-530.0M	-1.0M	96.0M	-91.0M	-31.0M
Investing Cash Flow	-1.9B	-1.6B	-1.6B	-1.7B	-1.2B
Cash Flow From Continuing Investing Activities	-1.9B	-1.6B	-1.6B	-1.7B	-1.2B
Issuance Of Debt	686.0M	1.4B	656.0M	798.0M	176.0M
Repayment Of Debt	-377.0M	-267.0M	-391.0M	-196.0M	-89.0M
Net Issuance Payments Of Debt	439.0M	609.0M	548.0M	693.0M	117.0M
Common Stock Dividend Paid	-85.0M	-149.0M	-85.0M	-108.0M	-107.0M
Financing Cash Flow	156.0M	114.0M	316.0M	483.0M	-41.0M
Cash Flow From Continuing Financing Activities	154.0M	116.0M	318.0M	483.0M	-42.0M
Effect Of Exchange Rate Changes	102.0M	-48.0M	17.0M	-39.0M	-16.0M
Changes In Cash	1.0B	744.0M	456.0M	87.0M	21.0M
Beginning Cash Position	2.0B	1.3B	811.0M	763.0M	758.0M
End Cash Position	3.1B	2.0B	1.3B	811.0M	763.0M
Free Cash Flow	2.7B	2.1B	1.7B	1.3B	1.3B
Amortization Cash Flow	1.2B	1.0B	859.0M	676.0M	518.0M
Amortization Of Intangibles	1.2B	1.0B	859.0M	676.0M	518.0M
Asset Impairment Charge	43.0M	28.0M	26.0M	7.0M	12.0M
Cash Dividends Paid	-85.0M	-149.0M	-85.0M	-115.0M	-107.0M
Depreciation	201.0M	182.0M	162.0M	143.0M	121.0M
Earnings Losses From Equity Investments	261.0M	0.00	-5.0M	0.00	--
Gain Loss On Investment Securities	-67.0M	--	--	--	--
Interest Paid Cff	-212.0M	-192.0M	-144.0M	-85.0M	-49.0M
Interest Received Cfi	56.0M	33.0M	4.0M	5.0M	5.0M
Long Term Debt Issuance	686.0M	1.4B	656.0M	798.0M	176.0M
Long Term Debt Payments	-377.0M	-267.0M	-391.0M	-196.0M	-89.0M
Net Business Purchase And Sale	-1.3B	-1.5B	-1.7B	-1.6B	-1.2B
Net Foreign Currency Exchange Gain Loss	154.0M	-26.0M	43.0M	-56.0M	1.0M
Net Income From Continuing Operations	586.0M	767.0M	62.0M	551.0M	169.0M
Net Long Term Debt Issuance	309.0M	1.1B	265.0M	602.0M	87.0M
Net Other Financing Charges	14.0M	-154.0M	-3.0M	-10.0M	-2.0M
Net Other Investing Changes	1.0M	-13.0M	-2.0M	-1.0M	--
Net Short Term Debt Issuance	130.0M	-505.0M	283.0M	91.0M	30.0M
Operating Gains Losses	348.0M	-26.0M	38.0M	-56.0M	1.0M
Preferred Stock Dividend Paid	--	--	0.00	-7.0M	0.00
Taxes Refund Paid	-556.0M	-460.0M	-394.0M	-343.0M	-257.0M
Unrealized Gain Loss On Investment Securities	-13.0M	0.00	-2.0M	16.0M	--