Also trades as: FPLSF (OTC) · $vol 2M

C$33.10 ($23.22)

+0.99 (+3.08%)

Weekly Expected Move ±6.9%

C$28 C$31 C$33 C$35 C$37

TSX · Basic Materials · Chemicals - Specialty · Tech Score Buy · Power 65 · C$3.0B mcap · 87M float · 0.879% daily turnover

Revenue

$398M +37.6% ▲

5Y CAGR: +17.6%

Gross Profit

$118M +51.7% ▲

5Y CAGR: +26.6%

Operating Income

$75M +132.7% ▲

5Y CAGR: +40.9%

Net Income

$51M +250.7% ▲

5Y CAGR: +88.1%

EPS (Diluted)

$0.57 +256.2% ▲

5Y CAGR: +80.2%

EBITDA

$93M +87.0% ▲

5Y CAGR: +32.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$210M	$264M	$242M	$289M	$398M
YoY Growth	+18.5%	+25.8%	-8.3%	+19.4%	+37.6%
Cost of Revenue	$171M	$216M	$185M	$211M	$280M
Gross Profit	$39M	$49M	$58M	$78M	$118M
Gross Margin	18.5%	18.4%	23.7%	26.9%	29.7%
R&D Expenses	$1M	$6M	$4M	$0	$8M
SG&A Expenses	$22M	$29M	$31M	$34M	$36M
Operating Expenses	$26M	$62M	$30M	$46M	$43M
Operating Income	$13M	-$13M	$27M	$32M	$75M
Operating Margin	6.1%	-4.8%	11.3%	11.1%	18.8%
Interest Expense	$4M	$5M	$9M	$9M	$10M
Income Before Tax	$9M	-$18M	$19M	$24M	$64M
Tax Expense	$6M	$5M	$3M	$9M	$13M
Net Income	$3M	-$23M	$15M	$15M	$51M
Net Margin	1.5%	-8.7%	6.4%	5.1%	12.9%
EPS (Diluted)	$0.04	$-0.28	$0.17	$0.16	$0.57
EBITDA	$25M	$5M	$44M	$50M	$93M
Shares Outstanding	83M	83M	89M	90M	90M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$79M	$71M	$89M	$95M	$104M	$104M	$116M	$119M
Cost of Revenue	$58M	$51M	$62M	$66M	$70M	$78M	$79M	$87M
Gross Profit	$21M	$20M	$27M	$29M	$34M	$25M	$37M	$32M
Gross Margin	26.5%	27.9%	30.4%	30.9%	32.7%	24.3%	32.0%	26.6%
R&D Expenses	$0	$0	$1M	$2M	$3M	$3M	$1M	$2M
SG&A Expenses	$8M	$10M	$10M	$7M	$6M	$10M	$8M	$9M
Operating Expenses	$11M	$14M	$12M	$10M	$9M	$13M	$9M	$5M
Operating Income	$9M	$6M	$15M	$19M	$25M	$12M	$28M	$27M
Operating Margin	12.0%	8.7%	17.0%	20.4%	24.0%	11.6%	24.0%	22.5%
Interest Expense	$3M	$2M	$3M	$2M	$2M	$2M	$2M	$2M
Income Before Tax	$7M	$3M	$13M	$17M	$23M	$9M	$25M	$25M
Tax Expense	$931K	$2M	$4M	$2M	$5M	$1M	$8M	$6M
Net Income	$6M	$1M	$10M	$15M	$18M	$8M	$17M	$19M
Net Margin	8.1%	1.4%	10.8%	16.0%	17.3%	7.4%	15.1%	16.1%
EPS (Diluted)	$0.07	$0.01	$0.11	$0.17	$0.20	$0.09	$0.19	$0.21
EBITDA	$14M	$10M	$20M	$24M	$30M	$17M	$32M	$31M
Shares Outstanding	90M	90M	90M	90M	90M	89M	90M	90M

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