Income Statement

Revenue

+58%

+74%

10Y

Currency: CAD

	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025
Revenue
Revenue	25 N/A	103 +311%	187 +81%	285 +52%	394 +38%	420 +7%	452 +7%	462 +2%	464 +0%	489 +5%	525 +7%	591 +13%	629 +6%	640 +2%	713 +11%	732 +3%	777 +6%	804 +4%	776 -4%	806 +4%	803 0%	798 -1%	848 +6%	864 +2%	915 +6%	979 +7%	982 +0%	1 009 +3%	1 050 +4%	1 051 +0%	1 089 +4%	1 100 +1%	1 079 -2%	1 103 +2%	1 102 0%	1 139 +3%	1 182 +4%	1 211 +2%	1 255 +4%	1 296 +3%	1 327 +2%	1 315 -1%	1 324 +1%	1 335 +1%	1 380 +3%	1 442 +4%	1 463 +1%	1 443 -1%	1 395 -3%	1 408 +1%	1 460 +4%	1 499 +3%	1 574 +5%	1 656 +5%	1 765 +7%	1 936 +10%	2 024 +5%	2 110 +4%	2 123 +1%	2 120 0%	2 217 +5%	2 228 +0%	2 311 +4%
Gross Profit
Cost of Revenue	0	(31)	(75)	(132)	(197)	(226)	(254)	(275)	(282)	(296)	(332)	(367)	(383)	(396)	(399)	(407)	(437)	(463)	(488)	(521)	(548)	(572)	(598)	(617)	(632)	(639)	(640)	(638)	(638)	(639)	(639)	(634)	(642)	(662)	(685)	(731)	(791)	(837)	(885)	(913)	(919)	(936)	(929)	(914)	(920)	(899)	(907)	(907)	(881)	(885)	(914)	(963)	(1 049)	(1 152)	(1 227)	(1 335)	(1 412)	(1 468)	(1 517)	(1 570)	(1 629)	(1 670)	(1 732)
Gross Profit	25 N/A	59 +133%	105 +79%	153 +46%	197 +29%	195 -1%	197 +1%	187 -5%	182 -2%	193 +6%	193 0%	224 +16%	246 +10%	244 -1%	314 +29%	325 +4%	340 +4%	341 +0%	288 -16%	285 -1%	255 -10%	226 -12%	250 +11%	247 -1%	284 +15%	340 +20%	342 +1%	371 +9%	412 +11%	412 0%	450 +9%	466 +3%	437 -6%	441 +1%	417 -5%	409 -2%	390 -5%	374 -4%	370 -1%	383 +3%	407 +6%	379 -7%	395 +4%	421 +7%	460 +9%	543 +18%	556 +2%	535 -4%	514 -4%	523 +2%	546 +4%	536 -2%	526 -2%	504 -4%	538 +7%	600 +11%	612 +2%	642 +5%	606 -6%	550 -9%	588 +7%	558 -5%	578 +4%
Operating Income
Operating Expenses	0	(21)	(41)	(59)	(77)	(79)	(80)	(81)	(85)	(87)	(89)	(94)	(95)	(98)	(101)	(104)	(106)	(107)	(108)	(110)	(115)	(121)	(126)	(131)	(135)	(136)	(139)	(139)	(138)	(139)	(140)	(146)	(152)	(156)	(162)	(162)	(163)	(164)	(163)	(164)	(165)	(173)	(180)	(190)	(201)	(210)	(221)	(234)	(250)	(258)	(268)	(268)	(257)	(260)	(255)	(258)	(268)	(279)	(291)	(299)	(311)	(316)	(324)
Selling, General & Administrative	0	(11)	(23)	(34)	(45)	(46)	(46)	(46)	(49)	(49)	(52)	(55)	(56)	(59)	(61)	(62)	(62)	(62)	(63)	(65)	(68)	(72)	(76)	(81)	(85)	(86)	(88)	(88)	(88)	(89)	(92)	(94)	(98)	(99)	(99)	(99)	(100)	(103)	(108)	(112)	(118)	(123)	(127)	(134)	(144)	(152)	(161)	(169)	(177)	(184)	(196)	(198)	(193)	(195)	(191)	(194)	(200)	(209)	(218)	(221)	(230)	(234)	(238)
Depreciation & Amortization	0	(2)	(5)	(7)	(10)	(10)	(10)	(9)	(8)	(7)	(6)	(6)	(7)	(6)	(6)	(6)	(6)	(5)	(5)	(5)	(5)	(5)	(5)	(5)	(5)	(5)	(5)	(4)	(3)	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	0	(7)	(13)	(18)	(23)	(23)	(24)	(26)	(29)	(31)	(32)	(33)	(33)	(33)	(34)	(37)	(39)	(40)	(40)	(40)	(42)	(45)	(45)	(45)	(45)	(45)	(46)	(47)	(48)	(49)	(49)	(51)	(54)	(57)	(63)	(64)	(63)	(61)	(56)	(52)	(48)	(49)	(53)	(56)	(58)	(59)	(61)	(66)	(73)	(74)	(72)	(70)	(64)	(65)	(65)	(64)	(68)	(70)	(73)	(78)	(81)	(83)	(85)
Operating Income	25 N/A	52 +106%	71 +38%	94 +32%	120 +28%	116 -3%	118 +1%	106 -10%	97 -8%	106 +9%	104 -2%	130 +26%	151 +16%	146 -3%	212 +46%	221 +4%	234 +6%	234 N/A	180 -23%	174 -3%	140 -20%	104 -26%	123 +19%	116 -6%	149 +29%	204 +37%	203 -1%	233 +15%	274 +18%	273 -1%	310 +14%	320 +3%	285 -11%	286 +0%	256 -11%	247 -3%	227 -8%	210 -8%	208 -1%	219 +6%	242 +10%	206 -15%	215 +4%	231 +7%	259 +12%	334 +29%	335 +0%	301 -10%	264 -12%	265 +1%	278 +5%	268 -4%	269 +0%	245 -9%	283 +16%	342 +21%	344 +0%	363 +6%	315 -13%	251 -20%	277 +10%	242 -13%	254 +5%
Pre-Tax Income
Interest Income Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Income	25 N/A	52 +106%	71 +38%	94 +32%	120 +28%	116 -3%	118 +1%	106 -10%	97 -8%	106 +9%	104 -2%	130 +26%	151 +16%	146 -3%	212 +46%	221 +4%	234 +6%	234 N/A	180 -23%	174 -3%	140 -20%	104 -26%	123 +19%	116 -6%	149 +29%	204 +37%	203 -1%	233 +15%	274 +18%	273 -1%	310 +14%	320 +3%	285 -11%	286 +0%	256 -11%	247 -3%	227 -8%	210 -8%	208 -1%	219 +6%	242 +10%	206 -15%	215 +4%	231 +7%	259 +12%	334 +29%	335 +0%	301 -10%	264 -12%	265 +1%	278 +5%	268 -4%	269 +0%	245 -9%	283 +16%	342 +21%	344 +0%	363 +6%	315 -13%	251 -20%	277 +10%	242 -13%	254 +5%
Net Income
Tax Provision	(4)	(12)	(17)	(23)	(30)	(28)	(29)	(27)	(26)	(29)	(29)	(36)	(41)	(39)	(56)	(58)	(61)	(61)	(47)	(46)	(36)	(26)	(31)	(29)	(39)	(54)	(54)	(62)	(72)	(72)	(82)	(84)	(76)	(76)	(69)	(66)	(61)	(56)	(56)	(59)	(65)	(55)	(57)	(61)	(69)	(89)	(88)	(79)	(69)	(70)	(74)	(71)	(71)	(65)	(75)	(91)	(91)	(96)	(83)	(66)	(73)	(64)	(67)
Income from Continuing Operations	22	40	54	71	90	88	89	78	71	77	75	95	110	107	156	164	172	172	133	128	105	78	92	86	109	150	149	171	202	201	228	236	210	209	187	180	166	154	152	161	177	152	158	170	190	245	247	222	195	196	205	197	198	180	208	251	253	267	232	185	203	178	187
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	(1)	(2)	(2)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(2)	(2)	(2)	(2)	(2)	(2)	(2)	(2)	(2)	(1)	(1)	(0)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	22 N/A	40 +86%	54 +35%	71 +31%	90 +26%	87 -3%	87 -1%	75 -13%	66 -12%	72 +9%	70 -3%	90 +29%	106 +18%	102 -4%	151 +48%	158 +4%	165 +5%	165 0%	125 -24%	121 -3%	97 -20%	70 -27%	85 +21%	79 -7%	103 +30%	144 +40%	143 -1%	165 +16%	197 +19%	196 0%	223 +14%	231 +3%	205 -11%	206 +0%	184 -11%	177 -4%	164 -8%	151 -8%	149 -1%	157 +6%	174 +11%	148 -15%	155 +5%	167 +8%	187 +12%	242 +29%	244 +1%	219 -10%	192 -12%	193 +1%	202 +5%	194 -4%	195 +0%	177 -9%	204 +16%	247 +21%	249 +1%	263 +6%	228 -13%	181 -21%	199 +10%	174 -13%	184 +5%
EPS (Diluted)	1.71 N/A	0.67 -61%	0.9 +34%	1.18 +31%	1.5 +27%	1.46 -3%	1.45 -1%	1.26 -13%	1.1 -13%	1.21 +10%	1.17 -3%	1.51 +29%	1.76 +17%	1.7 -3%	2.48 +46%	2.63 +6%	2.75 +5%	2.75 N/A	2.09 -24%	2.02 -3%	1.62 -20%	1.18 -27%	1.42 +20%	1.32 -7%	1.71 +30%	2.39 +40%	2.38 0%	2.76 +16%	3.28 +19%	3.27 0%	3.73 +14%	3.85 +3%	3.42 -11%	3.43 +0%	3.06 -11%	2.95 -4%	2.73 -7%	2.51 -8%	2.47 -2%	2.62 +6%	2.9 +11%	2.47 -15%	2.59 +5%	2.79 +8%	3.12 +12%	4.05 +30%	4.07 +0%	3.66 -10%	3.2 -13%	3.22 +1%	3.36 +4%	3.24 -4%	3.25 +0%	2.94 -10%	3.41 +16%	4.13 +21%	4.15 +0%	4.39 +6%	3.8 -13%	3.01 -21%	3.33 +11%	2.91 -13%	3.06 +5%

Income Statement Balance Sheet Cash Flow Statement

First National Financial Corp
TSX:FN

Income Statement

Earnings Waterfall
First National Financial Corp

Income Statement
First National Financial Corp

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First National Financial Corp TSX:FN

Income Statement

Earnings Waterfall First National Financial Corp

Income Statement First National Financial Corp

See Also

Company

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First National Financial Corp
TSX:FN

Earnings Waterfall
First National Financial Corp

Income Statement
First National Financial Corp