← High-Trend International Group
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenues (note 26) | $2.8b | $3.0b | $2.8b | $4.1b | $4.5b | $4.3b | $4.8b | $5.6b | |
| Cost of revenues | $1.8b | $2.0b | $62.1m | $109.0m | $158.5m | $75.5m | $100.1m | $207.6m | |
| Gross profit (loss) (derived) | $1.0b | $1.1b | ($3.9m) | $13.0m | $26.8m | ($11.9m) | $8.1m | $6.8m | |
| Total operating expenses | — | — | $1.8m | $2.5m | $3.3m | $3.7m | $5.8m | $26.7m | |
| (Loss) income from operations | $201.4m | $218.2m | ($5.7m) | $10.5m | $23.6m | ($15.6m) | $2.3m | ($19.9m) | |
| Share-based compensation | — | — | — | — | — | — | $1.2m | $21.9m | |
| Interest income | — | — | $8k | $5 | $18 | $8k | $3k | $61k | |
| Change in fair value of convertible notes | — | — | — | — | — | — | ($23.2m) | — | |
| Loss on settlement of convertible notes | — | — | — | — | — | — | ($307k) | — | |
| Loss before income taxes | $181.8m | $190.6m | ($5.8m) | $10.3m | $23.6m | ($15.8m) | ($21.2m) | ($20.1m) | |
| Provision for income taxes | $53.3m | $53.0m | $2k | $2k | $11k | $3k | $4k | $9k | |
| Net loss | $128.6m | $137.6m | ($5.8m) | $10.3m | $23.6m | ($15.8m) | ($21.2m) | ($20.1m) | |
| Net loss attributable to the Company | — | — | ($3.2m) | $5.3m | $12.2m | ($9.3m) | ($23.6m) | ($21.5m) | |
| Depreciation | $30.6m | $33.4m | $39.3m | $45.9m | $48.7m | $54.6m | $66.2m | $77.4m | |
| Amortization of intangible assets | $48.2m | $61.3m | $86.6m | $99.2m | $128.7m | $147.9m | $155.4m | $178.7m | |
| Acquisition-related items (note 7) | $22.0m | $28.5m | $45.8m | $61.0m | $77.1m | $47.1m | ($27.8m) | $29.9m | |
| Loss on disposal of operations (note 5) | — | — | — | $0 | $26.8m | $2.3m | $0 | $696k | |
| Equity earnings from non-consolidated investments | — | ($2.1m) | ($2.9m) | ($6.2m) | ($6.7m) | ($5.1m) | ($7.3m) | ($12.5m) | |
| Non-controlling interest share of earnings | $23.2m | $26.8m | $29.6m | $53.5m | $53.9m | $56.6m | $54.0m | $57.8m | |
| Non-controlling interest redemption increment (note 17) | $7.7m | $7.9m | $15.8m | $99.3m | $94.4m | $22.6m | $21.2m | $63.6m | |
| Net earnings attributable to Company | $97.7m | $102.9m | $49.1m | ($390.3m) | $46.3m | $65.5m | $161.7m | $103.1m | |
| Settlement of long-term incentive arrangement ("LTIA") (note 22) | — | — | $0 | $471.9m | $0 | — | — | — | |
| Less: Net income (loss) attributable to non-controlling interests | — | — | ($2.6m) | $4.9m | $11.4m | ($6.4m) | $2.4m | $1.4m | |
| Loss per share attributable to the Company - Basic (in Dollars per share) | $2 | $3 | ($0) | $0 | $0 | ($0) | ($0) | ($4) | |
| Loss per share attributable to the Company - Diluted (in Dollars per share) | $2 | $3 | $1 | ($9) | $0 | ($0) | ($0) | ($4) | |
| Weighted average shares outstanding - Basic (in Shares) | — | — | 50.0m | 50.0m | 50.0m | 52.4m | 58.9m | 5.5m | |
| Weighted Average Shares Outstanding - Diluted (in Shares) | — | — | 50.0m | 50.0m | 50.0m | 52.4m | 58.9m | 5.5m | |
| General and administrative expenses | — | — | $1.8m | $2.4m | $3.3m | $3.7m | $5.8m | $4.8m | |
| Interest expense | — | — | ($60k) | ($122k) | ($102k) | ($112k) | ($90k) | ($46k) | |
| Other income (expense), net | ($1.3m) | $212k | ($27k) | ($222k) | $27k | ($147k) | $91k | ($204k) | |
| Selling, general and administrative expenses | $705.8m | $744.9m | $709.7m | $1.0b | $1.1b | $1.2b | $1.3b | $1.6b | |
| Interest expense, net | $20.8m | $29.5m | $30.9m | $31.8m | $48.6m | $94.1m | $85.8m | $82.4m | |
| Total other expense, net | — | — | — | — | $27k | ($147k) | ($23.5m) | ($189k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.