The Descartes Systems Group Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Jan 31, 2025	FY 2024Jan 31, 2024	FY 2023Jan 31, 2023	FY 2022Jan 31, 2022
Total Revenue	651.0M	572.9M	486.0M	424.7M
Operating Revenue	651.0M	572.9M	486.0M	424.7M
Cost Of Revenue	158.6M	138.3M	113.3M	101.8M
Gross Profit	492.4M	434.6M	372.7M	322.9M
Selling General And Administration	138.9M	125.5M	106.3M	91.3M
General And Administrative Expense	65.2M	57.4M	49.7M	44.5M
Research And Development	95.5M	84.1M	70.4M	62.6M
Depreciation And Amortization In Income Statement	69.4M	60.5M	60.2M	59.1M
Operating Expense	303.8M	270.1M	236.8M	213.0M
Operating Income	188.6M	164.5M	135.9M	109.9M
EBIT	192.6M	152.5M	134.9M	103.7M
Interest Expense	1.0M	1.4M	1.2M	1.1M
Interest Expense Non Operating	1.0M	1.4M	1.2M	1.1M
Net Interest Income	-1.0M	-1.4M	-1.2M	-1.1M
Other Income Expense	4.0M	-12.0M	-980,000	-6.1M
Special Income Charges	-7.5M	-21.6M	-5.4M	-6.4M
Restructuring And Mergern Acquisition	7.5M	21.6M	5.4M	6.4M
Gain On Sale Of Security	11.5M	9.7M	4.5M	299,000
Pretax Income	191.6M	151.2M	133.7M	102.6M
Tax Provision	48.4M	35.2M	31.5M	16.3M
Tax Effect Of Unusual Items	1.0M	-2.8M	-235,200	-980,640
Net Income From Continuing And Discontinued Operation	143.3M	115.9M	102.2M	86.3M
Net Income From Continuing Operation Net Minority Interest	143.3M	115.9M	102.2M	86.3M
Net Income Including Noncontrolling Interests	143.3M	115.9M	102.2M	86.3M
Net Income Common Stockholders	143.3M	115.9M	102.2M	86.3M
Net Income	143.3M	115.9M	102.2M	86.3M
EBITDA	267.6M	218.5M	200.3M	168.0M
Normalized EBITDA	263.6M	230.5M	201.3M	174.1M
Reconciled Depreciation	75.0M	66.0M	65.4M	64.2M
Basic EPS	1.68	1.36	1.21	1.02
Diluted EPS	1.64	1.34	1.18	1.00
Basic Average Shares	85.4M	85.1M	84.8M	84.6M
Diluted Average Shares	87.3M	86.8M	86.5M	86.2M
Total Unusual Items	4.0M	-12.0M	-980,000	-6.1M
Total Unusual Items Excluding Goodwill	4.0M	-12.0M	-980,000	-6.1M
Tax Rate For Calcs	0.25	0.23	0.24	0.16
Normalized Income	140.2M	125.1M	103.0M	91.4M
Amortization	69.4M	60.5M	60.2M	59.1M
Amortization Of Intangibles Income Statement	69.4M	60.5M	60.2M	59.1M
Depreciation Amortization Depletion Income Statement	69.4M	60.5M	60.2M	59.1M
Diluted NI Availto Com Stockholders	143.3M	115.9M	102.2M	86.3M
Net Income Continuous Operations	143.3M	115.9M	102.2M	86.3M
Net Non Operating Interest Income Expense	-1.0M	-1.4M	-1.2M	-1.1M
Other Gand A	65.2M	57.4M	49.7M	44.5M
Reconciled Cost Of Revenue	153.0M	132.8M	108.1M	96.7M
Selling And Marketing Expense	73.7M	68.2M	56.6M	46.9M
Total Expenses	462.4M	408.4M	350.1M	314.8M
Total Operating Income As Reported	181.1M	142.8M	130.4M	103.4M

Line Item	FY 2025Jan 31, 2025	FY 2024Jan 31, 2024	FY 2023Jan 31, 2023	FY 2022Jan 31, 2022
Cash And Cash Equivalents	236.1M	321.0M	276.4M	213.4M
Cash Cash Equivalents And Short Term Investments	236.1M	321.0M	276.4M	213.4M
Cash Financial	236.1M	321.0M	276.4M	213.4M
Accounts Receivable	54.0M	51.6M	45.2M	41.7M
Receivables	70.9M	63.8M	56.8M	55.8M
Inventory	--	--	759,000	868,000
Prepaid Assets	--	--	24.7M	22.0M
Other Current Assets	45.5M	33.5M	25.4M	22.0M
Current Assets	352.6M	418.2M	358.7M	292.1M
Gross PPE	51.3M	60.4M	56.0M	56.0M
Accumulated Depreciation	-31.2M	-42.6M	-37.8M	-34.7M
Net PPE	20.1M	17.8M	18.2M	21.4M
Goodwill	924.8M	760.4M	675.6M	608.8M
Goodwill And Other Intangible Assets	1.2B	1.0B	905.5M	838.4M
Other Intangible Assets	321.3M	251.0M	229.8M	229.6M
Other Non Current Assets	24.9M	24.7M	22.2M	18.7M
Total Non Current Assets	1.3B	1.1B	957.4M	893.4M
Total Assets	1.6B	1.5B	1.3B	1.2B
Current Debt And Capital Lease Obligation	3.2M	3.1M	3.4M	4.0M
Accounts Payable	20.6M	17.5M	10.6M	10.6M
Payables	30.0M	24.2M	18.1M	16.2M
Payables And Accrued Expenses	54.5M	73.0M	62.9M	40.5M
Current Accrued Expenses	24.6M	48.7M	44.8M	24.3M
Current Deferred Revenue	104.2M	84.5M	67.8M	56.8M
Current Liabilities	217.0M	203.6M	169.6M	133.4M
Long Term Debt And Capital Lease Obligation	4.7M	3.9M	3.9M	7.4M
Long Term Capital Lease Obligation	4.7M	3.9M	3.9M	7.4M
Total Non Current Liabilities Net Minority Interest	45.4M	32.6M	47.1M	52.2M
Total Liabilities Net Minority Interest	262.4M	236.3M	216.7M	185.6M
Common Stock	568.3M	551.2M	538.4M	536.3M
Capital Stock	568.3M	551.2M	538.4M	536.3M
Additional Paid In Capital	503.1M	494.7M	486.6M	473.3M
Retained Earnings	364.0M	220.8M	104.8M	2.6M
Gains Losses Not Affecting Retained Earnings	-50.5M	-28.6M	-30.5M	-12.4M
Other Equity Adjustments	-50.5M	-28.6M	-30.5M	-12.4M
Common Stock Equity	1.4B	1.2B	1.1B	999.8M
Stockholders Equity	1.4B	1.2B	1.1B	999.8M
Total Equity Gross Minority Interest	1.4B	1.2B	1.1B	999.8M
Total Capitalization	1.4B	1.2B	1.1B	999.8M
Net Tangible Assets	139.0M	226.6M	193.9M	161.4M
Tangible Book Value	139.0M	226.6M	193.9M	161.4M
Working Capital	135.5M	214.6M	189.1M	158.6M
Invested Capital	1.4B	1.2B	1.1B	999.8M
Total Debt	7.9M	7.0M	7.3M	11.4M
Share Issued	85.6M	85.2M	84.8M	84.8M
Ordinary Shares Number	85.6M	85.2M	84.8M	84.8M
Allowance For Doubtful Accounts Receivable	-749,000	-699,000	-1.5M	-1.9M
Capital Lease Obligations	7.9M	7.0M	7.3M	11.4M
Construction In Progress	35,000	497,000	358,000	524,000
Current Capital Lease Obligation	3.2M	3.1M	3.4M	4.0M
Current Deferred Liabilities	104.2M	84.5M	67.8M	56.8M
Finished Goods	--	--	759,000	868,000
Gross Accounts Receivable	54.7M	52.3M	46.7M	43.6M
Income Tax Payable	9.3M	6.7M	7.5M	5.6M
Leases	718,000	994,000	1.1M	822,000
Machinery Furniture Equipment	40.5M	50.4M	45.8M	42.5M
Non Current Deferred Assets	3.8M	2.1M	11.5M	15.0M
Non Current Deferred Liabilities	35.1M	22.6M	37.0M	37.4M
Non Current Deferred Revenue	978,000	1.5M	1.6M	1.9M
Non Current Deferred Taxes Assets	3.8M	2.1M	11.5M	15.0M
Non Current Deferred Taxes Liabilities	34.1M	21.1M	35.4M	35.5M
Other Properties	10.1M	8.6M	8.7M	12.2M
Other Receivables	16.9M	12.2M	11.7M	14.1M
Pensionand Other Post Retirement Benefit Plans Current	55.1M	43.1M	35.5M	32.2M
Properties	0.00	0.00	0.00	0.00
Total Tax Payable	9.3M	6.7M	7.5M	5.6M
Tradeand Other Payables Non Current	5.5M	6.2M	6.1M	7.4M
Treasury Shares Number	--	0.00	--	--

Line Item	FY 2025Jan 31, 2025	FY 2024Jan 31, 2024	FY 2023Jan 31, 2023	FY 2022Jan 31, 2022
Operating Cash Flow	219.3M	207.7M	192.4M	176.1M
Cash Flow From Continuing Operating Activities	219.3M	207.7M	192.4M	176.1M
Depreciation And Amortization	75.0M	66.0M	65.4M	64.2M
Depreciation Amortization Depletion	75.0M	66.0M	65.4M	64.2M
Stock Based Compensation	20.0M	16.5M	13.7M	11.0M
Deferred Tax	-5.0M	-6.0M	3.2M	1.5M
Deferred Income Tax	-5.0M	-6.0M	3.2M	1.5M
Change In Working Capital	-13.9M	15.2M	7.8M	12.8M
Changes In Account Receivables	3.3M	-6.6M	151,000	-2.9M
Change In Receivables	1.5M	-7.2M	2.7M	-842,000
Change In Inventory	--	--	103,000	-498,000
Change In Payables And Accrued Expense	-6.2M	15.0M	2.6M	16.5M
Change In Payable	2.8M	5.7M	133,000	2.8M
Change In Other Working Capital	5.5M	15.5M	8.0M	5.9M
Other Non Cash Items	23,000	114,000	53,000	308,000
Capital Expenditure	-6.7M	-5.6M	-6.1M	-4.8M
Purchase Of PPE	-6.7M	-5.6M	-6.1M	-4.8M
Net PPE Purchase And Sale	-6.7M	-5.6M	-6.1M	-4.8M
Purchase Of Business	-290.2M	-142.7M	-115.6M	-90.3M
Investing Cash Flow	-296.9M	-148.3M	-121.6M	-95.1M
Cash Flow From Continuing Investing Activities	-296.9M	-148.3M	-121.6M	-95.1M
Issuance Of Debt	--	--	0.00	0.00
Repayment Of Debt	--	0.00	0.00	-1.1M
Net Issuance Payments Of Debt	--	0.00	0.00	-1.1M
Issuance Of Capital Stock	12.4M	9.3M	1.7M	2.7M
Net Common Stock Issuance	12.4M	9.3M	1.7M	2.7M
Financing Cash Flow	-3.6M	-14.7M	-4.6M	1.5M
Cash Flow From Continuing Financing Activities	-3.6M	-14.7M	-4.6M	1.5M
Effect Of Exchange Rate Changes	-3.5M	-109,000	-3.2M	-2.8M
Changes In Cash	-81.3M	44.7M	66.2M	82.5M
Beginning Cash Position	321.0M	276.4M	213.4M	133.7M
End Cash Position	236.1M	321.0M	276.4M	213.4M
Free Cash Flow	212.5M	202.1M	186.3M	171.3M
Income Tax Paid Supplemental Data	53.4M	44.9M	23.8M	12.6M
Interest Paid Supplemental Data	0.00	0.00	0.00	0.00
Amortization Cash Flow	69.4M	60.5M	60.2M	59.1M
Amortization Of Intangibles	69.4M	60.5M	60.2M	59.1M
Change In Account Payable	1.9M	6.2M	-620,000	2.3M
Change In Accrued Expense	-9.0M	9.3M	2.4M	13.8M
Change In Income Tax Payable	956,000	-446,000	753,000	426,000
Change In Prepaid Assets	-14.7M	-8.0M	-5.6M	-8.8M
Change In Tax Payable	956,000	-446,000	753,000	426,000
Common Stock Issuance	12.4M	9.3M	1.7M	2.7M
Depreciation	5.6M	5.5M	5.2M	5.1M
Long Term Debt Payments	--	0.00	0.00	-1.1M
Net Business Purchase And Sale	-290.2M	-142.7M	-115.6M	-90.3M
Net Income From Continuing Operations	143.3M	115.9M	102.2M	86.3M
Net Long Term Debt Issuance	--	0.00	0.00	-1.1M
Net Other Financing Charges	-16.0M	-24.0M	-6.3M	-72,000
Net Short Term Debt Issuance	--	--	0.00	-1.1M
Short Term Debt Issuance	--	--	0.00	0.00
Short Term Debt Payments	--	--	0.00	-1.1M