MCAN Mortgage Corporation (TSX:MKP)

MCAN Mortgage Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	263.58	258.8	209.39	134.23	100.97	86.22
Total Interest Expense	169.89	164.41	117.45	72.22	52.2	48.59
Net Interest Income	93.69	94.39	91.95	62.01	48.76	37.63
Mortgage Banking	3.74	3.53	2.42	2.71	1.81	1.77
Gain (Loss) on Sale of Investments	7.31	5.12	9.82	1.27	24.42	-0.72
Other Revenue	31.16	30.82	24.24	27.27	25.68	34.51
Revenue Before Loan Losses	135.9	133.85	128.43	93.27	100.67	73.19
Provision for Loan Losses	7.02	3.26	4.49	-1.07	0.46	2.1
Revenue	128.88	130.59	123.94	94.33	100.21	71.09
Revenue Growth (YoY)	-1.23%	5.37%	31.38%	-5.86%	40.95%	-5.63%
Salaries & Employee Benefits	29.41	27.76	22.82	19.61	18.36	15.05
Cost of Services Provided	28.31	26.13	22.8	19.45	17.75	13.4
Other Operating Expenses	0.15	0.15	0.1	0.21	0.13	-
Total Operating Expenses	57.87	54.04	45.71	39.27	36.24	28.44
Operating Income	71.01	76.55	78.23	55.07	63.97	42.65
EBT Excluding Unusual Items	71.01	76.55	78.23	55.07	63.97	42.65
Pretax Income	70.33	76.55	78.23	55.07	63.97	42.65
Income Tax Expense	-1.06	-1.03	0.73	-0.29	-0.4	-0.24
Net Income	71.39	77.59	77.5	55.35	64.36	42.89
Net Income to Common	71.39	77.59	77.5	55.35	64.36	42.89
Net Income Growth	-12.19%	0.11%	40.00%	-14.00%	50.05%	-11.18%
Shares Outstanding (Basic)	39	38	35	31	27	25
Shares Outstanding (Diluted)	39	38	35	31	27	25
Shares Change (YoY)	7.71%	7.92%	11.55%	16.80%	9.17%	1.83%
EPS (Basic)	1.84	2.06	2.22	1.77	2.40	1.75
EPS (Diluted)	1.84	2.06	2.22	1.77	2.40	1.75
EPS Growth	-18.48%	-7.23%	25.51%	-26.36%	37.44%	-12.78%
Free Cash Flow	-157.16	48.97	-60.26	27.99	-113.73	58.81
Free Cash Flow Per Share	-4.06	1.30	-1.73	0.90	-4.25	2.40
Dividend Per Share	1.600	1.560	1.480	1.440	1.360	1.360
Dividend Growth	3.90%	5.41%	2.78%	5.88%	-	6.25%
Operating Margin	55.10%	58.62%	63.12%	58.37%	63.83%	59.99%
Profit Margin	55.40%	59.41%	62.53%	58.68%	64.23%	60.33%
Free Cash Flow Margin	-121.94%	37.50%	-48.63%	29.67%	-113.50%	82.72%
Effective Tax Rate	-	-	0.93%	-	-	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.