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Exchange Income Corporation

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 3.3B 2.7B 2.5B 2.1B 1.4B
Operating Revenue 3.3B 2.7B 2.5B 2.1B 1.4B
Cost Of Revenue 2.5B 2.0B 1.9B 1.6B 1.1B
Gross Profit 812.1M 657.7M 594.5M 491.3M 334.5M
Selling General And Administration 442.7M 340.1M 304.8M 254.6M 191.0M
General And Administrative Expense 442.7M 340.1M 304.8M 254.6M 191.0M
Operating Expense 442.7M 340.1M 304.8M 254.6M 191.0M
Operating Income 369.5M 317.6M 289.7M 236.7M 143.5M
EBIT 359.8M 305.8M 282.9M 229.9M 146.5M
Interest Expense 131.6M 137.9M 119.8M 78.4M 52.2M
Interest Expense Non Operating 131.6M 137.9M 119.8M 78.4M 52.2M
Net Interest Income -131.6M -137.9M -119.8M -78.4M -52.2M
Other Income Expense -9.7M -11.8M -6.8M -6.8M 3.0M
Other Non Operating Income Expenses -- -- 951,000 -- 6.0M
Special Income Charges -9.7M -11.8M -7.8M -6.8M -3.0M
Restructuring And Mergern Acquisition 9.7M 11.8M 7.8M 6.8M 3.0M
Write Off -- -- -- -- 0.00
Pretax Income 228.2M 168.0M 163.1M 151.5M 94.3M
Tax Provision 60.6M 46.7M 40.8M 41.8M 25.7M
Tax Effect Of Unusual Items -2.6M -3.3M -1.9M -1.9M 800,820
Net Income From Continuing And Discontinued Operation 167.5M 121.2M 122.3M 109.7M 68.6M
Net Income From Continuing Operation Net Minority Interest 167.5M 121.2M 122.3M 109.7M 68.6M
Net Income Including Noncontrolling Interests 167.5M 121.2M 122.3M 109.7M 68.6M
Net Income Common Stockholders 167.5M 121.2M 122.3M 109.7M 68.6M
Net Income 167.5M 121.2M 122.3M 109.7M 68.6M
EBITDA 744.7M 616.3M 548.7M 449.6M 332.8M
Normalized EBITDA 754.4M 628.1M 556.5M 456.4M 335.9M
Reconciled Depreciation 384.9M 310.4M 265.8M 219.7M 186.4M
Basic EPS 3.20 2.55 2.72 2.72 1.84
Diluted EPS 3.12 2.55 2.65 2.64 1.80
Basic Average Shares 52.3M 47.5M 45.0M 40.3M 37.3M
Diluted Average Shares 57.0M 47.5M 52.0M 47.3M 38.1M
Total Unusual Items -9.7M -11.8M -7.8M -6.8M -3.0M
Total Unusual Items Excluding Goodwill -9.7M -11.8M -7.8M -6.8M -3.0M
Tax Rate For Calcs 0.27 0.28 0.25 0.28 0.27
Normalized Income 174.6M 129.8M 128.1M 114.6M 66.4M
Average Dilution Earnings 10.1M 10.6M 15.4M 15.2M 0.00
Diluted NI Availto Com Stockholders 177.7M 131.8M 137.7M 124.8M 68.6M
Net Income Continuous Operations 167.5M 121.2M 122.3M 109.7M 68.6M
Net Non Operating Interest Income Expense -131.6M -137.9M -119.8M -78.4M -52.2M
Other Gand A 442.7M 340.1M 304.8M 254.6M 191.0M
Reconciled Cost Of Revenue 2.5B 2.0B 1.9B 1.6B 1.1B
Total Expenses 2.9B 2.3B 2.2B 1.8B 1.3B
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 145.8M 71.8M 103.6M 139.9M 75.4M
Cash Cash Equivalents And Short Term Investments 145.8M 71.8M 103.6M 139.9M 75.4M
Accounts Receivable 601.7M 614.2M 543.6M 435.0M 301.8M
Receivables 655.5M 673.9M 583.8M 468.2M 329.5M
Inventory 511.2M 496.5M 408.4M 335.1M 255.5M
Prepaid Assets 60.6M 37.0M 63.6M 102.8M 40.1M
Current Assets 1.4B 1.3B 1.2B 1.0B 700.5M
Gross PPE 4.2B 3.2B 2.7B 2.3B 1.8B
Accumulated Depreciation -1.5B -1.2B -978.0M -829.4M -650.8M
Net PPE 2.6B 2.0B 1.7B 1.4B 1.2B
Goodwill 825.4M 827.2M 713.2M 626.3M 486.9M
Goodwill And Other Intangible Assets 1.2B 1.2B 1.0B 926.7M 667.5M
Other Intangible Assets 348.2M 364.6M 332.4M 300.4M 180.7M
Investments And Advances 86.8M 109.9M 121.2M 109.1M 58.8M
Long Term Equity Investment 78.8M 103.0M 114.5M 102.2M 52.2M
Total Non Current Assets 3.9B 3.3B 2.9B 2.5B 1.9B
Total Assets 5.3B 4.6B 4.1B 3.5B 2.6B
Current Debt -- -- -- -- 98.8M
Current Debt And Capital Lease Obligation 56.6M 39.8M 36.9M 31.1M 119.4M
Accounts Payable 577.1M 474.0M 461.9M 451.9M 267.6M
Payables 577.1M 482.7M 469.2M 458.8M 272.2M
Payables And Accrued Expenses 577.1M 482.7M 469.2M 458.8M 272.2M
Current Deferred Revenue 171.3M 128.2M 112.6M 90.6M 83.7M
Current Liabilities 805.0M 650.8M 618.6M 580.5M 475.4M
Long Term Debt 2.2B 2.2B 1.8B 1.6B 1.1B
Long Term Debt And Capital Lease Obligation 2.4B 2.3B 2.0B 1.7B 1.2B
Long Term Capital Lease Obligation 201.6M 140.3M 143.3M 133.2M 69.4M
Other Non Current Liabilities 45.6M 17.5M 33.6M 23.6M 16.3M
Total Non Current Liabilities Net Minority Interest 2.7B 2.5B 2.2B 1.9B 1.3B
Total Liabilities Net Minority Interest 3.5B 3.2B 2.8B 2.5B 1.8B
Common Stock 1.7B 1.4B 1.3B 1.0B 852.8M
Capital Stock 1.7B 1.4B 1.3B 1.0B 852.8M
Additional Paid In Capital 17.9M 17.1M 16.6M 16.6M 13.0M
Retained Earnings -77.3M -105.0M -100.3M -108.0M -120.2M
Gains Losses Not Affecting Retained Earnings 63.0M 92.0M 45.5M 60.9M 21.0M
Other Equity Adjustments 63.0M 92.0M 45.5M 60.9M 21.0M
Common Stock Equity 1.8B 1.4B 1.2B 1.0B 800.3M
Stockholders Equity 1.8B 1.4B 1.2B 1.0B 800.3M
Total Equity Gross Minority Interest 1.8B 1.4B 1.2B 1.0B 800.3M
Minority Interest 5.0M 0.00 -- -- --
Total Capitalization 3.9B 3.6B 3.1B 2.6B 1.9B
Net Tangible Assets 583.7M 217.8M 199.9M 92.3M 132.7M
Tangible Book Value 583.7M 217.8M 199.9M 92.3M 132.7M
Working Capital 568.1M 628.4M 540.7M 465.5M 225.1M
Invested Capital 3.9B 3.6B 3.1B 2.6B 2.0B
Total Debt 2.4B 2.3B 2.0B 1.8B 1.3B
Net Debt 2.0B 2.1B 1.7B 1.5B 1.1B
Share Issued 56.1M 49.6M 47.1M 42.5M 38.7M
Ordinary Shares Number 56.1M 49.6M 47.1M 42.5M 38.7M
Available For Sale Securities 8.0M 6.8M 6.7M 6.9M 6.6M
Buildings And Improvements 425.8M 302.2M 267.1M 237.3M 192.9M
Capital Lease Obligations 258.2M 180.2M 180.2M 164.3M 90.0M
Current Capital Lease Obligation 56.6M 39.8M 36.9M 31.1M 20.6M
Current Deferred Liabilities 171.3M 128.2M 112.6M 90.6M 83.7M
Financial Assets 13.6M 17.6M 7.3M 11.7M 405,000
Finished Goods -- 55.1M 47.6M 50.4M 25.0M
Income Tax Payable 0.00 8.8M 7.3M 6.9M 4.6M
Investmentin Financial Assets 8.0M 6.8M 6.7M 6.9M 6.6M
Land And Improvements 42.6M 40.0M 37.1M 37.2M 28.1M
Leases 49.9M 42.5M 36.0M 24.9M 19.9M
Machinery Furniture Equipment -- 2.4B 2.0B 1.7B 1.4B
Non Current Accounts Receivable 4.8M 1.3M 894,000 10.1M 4.7M
Non Current Deferred Liabilities 272.5M 228.5M 212.4M 178.3M 126.4M
Non Current Deferred Revenue -- -- 0.00 534,000 1.9M
Non Current Deferred Taxes Liabilities 272.5M 228.5M 212.4M 177.8M 124.5M
Non Current Note Receivables -- -- -- 0.00 563,000
Non Current Prepaid Assets 5.4M 5.9M 4.3M 3.6M 2.2M
Other Current Borrowings -- -- -- -- 98.8M
Other Equity Interest 20.3M 28.4M 30.7M 29.8M 33.6M
Other Properties 544.8M 420.7M 375.4M 282.5M 199.1M
Other Receivables 53.2M 59.6M 40.2M 33.2M 27.7M
Properties -- 0.00 0.00 0.00 0.00
Raw Materials -- 422.9M 343.7M 272.0M 222.1M
Taxes Receivable 586,000 0.00 -- -- --
Total Tax Payable 0.00 8.8M 7.3M 6.9M 4.6M
Treasury Shares Number -- -- 0.00 -- --
Work In Process -- 18.5M 17.1M 12.6M 8.3M
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 647.9M 357.0M 353.2M 335.1M 285.0M
Cash Flow From Continuing Operating Activities 647.9M 357.0M 353.2M 335.1M 285.0M
Depreciation And Amortization 384.9M 310.4M 265.8M 219.7M 186.4M
Depreciation Amortization Depletion 384.9M 310.4M 265.8M 219.7M 186.4M
Stock Based Compensation 2.1M 1.7M 1.5M 1.1M 1.3M
Deferred Tax 26.6M 6.4M 14.8M 19.9M 7.9M
Deferred Income Tax 26.6M 6.4M 14.8M 19.9M 7.9M
Change In Working Capital 65.6M -81.8M -52.6M -21.2M 20.8M
Changes In Account Receivables 69.8M -38.5M -4.3M -67.9M -2.4M
Change In Receivables 74.6M -57.2M -3.7M -72.7M -8.8M
Change In Inventory -12.9M -46.9M -52.9M -43.7M -16.4M
Change In Payables And Accrued Expense 22.7M -21.6M -37.0M 154.2M 31.0M
Change In Other Working Capital -4.2M 15.1M 1.1M -2.3M 25.9M
Other Non Cash Items 5.2M 6.7M 6.0M 9.1M 4.0M
Capital Expenditure -730.2M -490.4M -505.8M -366.6M -279.4M
Purchase Of PPE -728.3M -488.2M -503.3M -359.6M -274.4M
Net PPE Purchase And Sale -622.7M -428.0M -475.8M -274.6M -222.1M
Purchase Of Business -176.8M -147.8M -155.8M -314.8M -128.1M
Investing Cash Flow -780.0M -567.5M -650.8M -655.5M -357.9M
Cash Flow From Continuing Investing Activities -780.0M -567.5M -650.8M -655.5M -357.9M
Issuance Of Debt 535.7M 375.8M 489.4M 647.5M 497.8M
Repayment Of Debt -210.2M -97.8M -300.6M -296.2M -432.1M
Net Issuance Payments Of Debt 325.5M 278.0M 188.8M 351.3M 65.6M
Issuance Of Capital Stock 23.5M 24.2M 187.1M 127.1M 99.2M
Net Common Stock Issuance 23.5M 24.2M 187.1M 127.1M 99.2M
Common Stock Dividend Paid -139.9M -125.9M -114.6M -97.5M --
Financing Cash Flow 209.1M 176.3M 261.4M 381.0M 79.4M
Cash Flow From Continuing Financing Activities 209.1M 176.3M 261.4M 381.0M 79.4M
Effect Of Exchange Rate Changes -3.0M 2.4M -164,000 3.9M -980,000
Changes In Cash 77.0M -34.2M -36.2M 60.6M 6.5M
Beginning Cash Position 71.8M 103.6M 139.9M 75.4M 69.9M
End Cash Position 145.8M 71.8M 103.6M 139.9M 75.4M
Free Cash Flow -82.2M -133.4M -152.6M -31.5M 5.6M
Income Tax Paid Supplemental Data 42.4M 38.5M 20.2M 20.9M 22.7M
Interest Paid Supplemental Data 122.6M 119.8M 106.7M 59.0M 35.5M
Amortization Cash Flow 24.7M 22.5M 20.2M 20.9M 16.9M
Amortization Of Intangibles 24.7M 22.5M 20.2M 20.9M 16.9M
Cash Dividends Paid -139.9M -125.9M -114.6M -97.5M -85.4M
Change In Prepaid Assets -14.6M 28.8M 39.9M -56.7M -10.9M
Common Stock Issuance 23.5M 24.2M 187.1M 127.1M 99.2M
Depreciation 360.2M 287.9M 245.6M 198.8M 169.5M
Gain Loss On Sale Of PPE -3.9M -7.8M -4.7M -3.2M -3.9M
Long Term Debt Issuance 535.7M 375.8M 489.4M 647.5M 497.8M
Long Term Debt Payments -210.2M -97.8M -300.6M -296.2M -432.1M
Net Business Purchase And Sale -176.8M -147.8M -155.8M -314.8M -128.1M
Net Income From Continuing Operations 167.5M 121.2M 122.3M 109.7M 68.6M
Net Intangibles Purchase And Sale -1.9M -2.2M -2.6M -6.7M -5.0M
Net Long Term Debt Issuance 325.5M 278.0M 188.8M 351.3M 65.6M
Net Other Investing Changes 21.4M 10.5M -16.6M -59.3M -2.7M
Operating Gains Losses -3.9M -7.8M -4.7M -3.2M -3.9M
Purchase Of Intangibles -1.9M -2.2M -2.6M -6.9M -5.0M
Sale Of Intangibles -- -- 0.00 232,000 0.00
Sale Of PPE 105.6M 60.2M 27.5M 85.0M 52.3M
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