Financials BlackBerry Limited

Equities

BB

CA09228F1036

Software

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-05-15 pm EDT			5-day change	1st Jan Change
5.420 ^CAD	-0.37%		+2.85%	-0.73%

May. 12	True North Capital Partners Submits a Shareholder Proposal to BlackBerry Limited	CI
May. 08	Blackberry Ltd Expects To Generate Further Positive Operating Cash Flow During Fiscal 2026	RE

Projected Income Statement: BlackBerry Limited

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	893	718	656	853	534.9	513	558.7	-
Change	-	-19.6%	-8.64%	30.03%	-37.29%	-4.09%	8.89%	-
EBITDA ¹	167	-8	-71	57	84.2	79.14	105.3	126
Change	-	-104.79%	-787.5%	180.28%	47.72%	-6.01%	33.03%	19.68%
EBIT ¹	98	-69	-94	36	66.9	61.1	81.25	-
Change	-	-170.41%	-36.23%	138.3%	85.83%	-8.67%	32.98%	-
Interest Paid ¹	-6	-	5	19	-	-16	-16	-16
Earnings before Tax (EBT) ¹	-1,113	19	-720	-106	7.7	42.5	72.5	97
Change	-	101.71%	-3,889.47%	85.28%	107.26%	451.95%	70.59%	33.79%
Net income ¹	-1,104	12	-734	-130	-79	33.5	61	82
Change	-	101.09%	-6,216.67%	82.29%	39.23%	142.41%	82.09%	34.43%
Announcement Date	3/30/21	3/31/22	3/30/23	4/3/24	4/2/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: February	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	214	266	224	210	174	175	184	185	168	168	169	151	373	132	175	173	144	145	162	141.7	112.2	122.4	136.1	143.6	122.6	131.8	144.7	153.5
Change	-	24.3%	-15.79%	-6.25%	-17.14%	0.57%	5.14%	0.54%	-9.19%	0%	0.6%	-10.65%	147.02%	-64.61%	32.58%	-1.14%	-16.76%	0.69%	11.72%	-12.53%	-20.83%	9.12%	11.17%	5.54%	-14.65%	7.53%	9.75%	6.08%
EBITDA ¹	20	81	31	35	-6	-14	-8	20	-21	-16	-22	-12	41	-22	18	21	-7	-	23	21.1	6.225	15.07	29.67	31	11	17	29	35
Change	-	305%	-61.73%	12.9%	-117.14%	-133.33%	42.86%	350%	-205%	23.81%	-37.5%	45.45%	441.67%	-153.66%	181.82%	16.67%	-133.33%	-	-	-8.26%	-70.5%	142.03%	96.9%	4.49%	-64.52%	54.55%	70.59%	20.69%
EBIT ¹	3	63	14	18	-23	-30	-24	8	-27	-22	-28	-17	35	-28	13	16	-12	-4	19	17.1	3.95	11.95	20.85	24.85	9	15	27	32
Change	-	2,000%	-77.78%	28.57%	-227.78%	-30.43%	20%	133.33%	-437.5%	18.52%	-27.27%	39.29%	305.88%	-180%	146.43%	23.08%	-175%	66.67%	575%	-10%	-76.9%	202.53%	74.48%	19.18%	-63.78%	66.67%	80%	18.52%
Charge d'intérêts	-	-	-1	-	-2	-1	25	-1	-1	-2	2	6	3	7	5	4	5	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-645	-27	-128	-313	-60	-142	76	145	-178	-49	-	-493	-8	-40	-6	-52	-34	-18	-	1.6	-2	4.5	20	20	12	19	31	36
Change	-	95.81%	-374.07%	-144.53%	80.83%	-136.67%	153.52%	90.79%	-222.76%	72.47%	-	-	98.38%	-400%	85%	-766.67%	34.62%	47.06%	-	-	-225%	325%	344.44%	0%	-40%	58.33%	63.16%	16.13%
Net income ¹	-636	-23	-130	-315	-62	-144	74	144	-181	-54	-4	-495	-11	-42	-21	-56	-42	-19	-11	-7.4	-3.5	2.5	17	17.5	8	15	27	32
Change	-	96.38%	-465.22%	-142.31%	80.32%	-132.26%	151.39%	94.59%	-225.69%	70.17%	92.59%	-12,275%	97.78%	-281.82%	50%	-166.67%	25%	54.76%	42.11%	32.73%	52.7%	171.43%	580%	2.94%	-54.29%	87.5%	80%	18.52%
Announcement Date	6/24/20	9/24/20	12/17/20	3/30/21	6/24/21	9/22/21	12/21/21	3/31/22	6/23/22	9/27/22	12/20/22	3/30/23	6/28/23	9/28/23	12/20/23	4/3/24	6/26/24	9/26/24	12/19/24	4/2/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: BlackBerry Limited

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-19	-205	-59	-5	-114	-147	-200	-281
Change	-	-978.95%	71.22%	91.53%	-2,180%	-29.17%	-36.05%	-40.5%
Announcement Date	3/30/21	3/31/22	3/30/23	4/3/24	4/2/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: BlackBerry Limited

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	8	8	7	7	3.1	3.5	4	6
Change	-	0%	-12.5%	0%	-55.71%	12.9%	14.29%	50%
Free Cash Flow (FCF) ¹	74	-36	-270	-10	13.4	54	103.3	89
Change	-	-148.65%	-650%	96.3%	234%	302.99%	91.36%	-13.87%
Announcement Date	3/30/21	3/31/22	3/30/23	4/3/24	4/2/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: BlackBerry Limited

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	18.7%	-1.11%	-10.82%	6.68%	15.74%	15.43%	18.85%	-
EBIT Margin (%)	10.97%	-9.61%	-14.33%	4.22%	12.51%	11.91%	14.54%	-
EBT Margin (%)	-124.64%	2.65%	-109.76%	-12.43%	1.44%	8.28%	12.98%	-
Net margin (%)	-123.63%	1.67%	-111.89%	-15.24%	-14.77%	6.53%	10.92%	-
FCF margin (%)	8.29%	-5.01%	-41.16%	-1.17%	2.51%	10.53%	18.5%	-
FCF / Net Income (%)	-6.7%	-300%	36.78%	7.69%	-16.96%	161.19%	169.4%	108.54%
Profitability
ROA	-54.75%	-2.04%	-34.57%	-8.46%	-8.4%	0.9%	2.9%	5.5%
ROE	-32.93%	-3.59%	-60.84%	-15.92%	-15.13%	1.5%	5.2%	9.6%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.9%	1.11%	1.07%	0.82%	0.58%	0.68%	0.72%	-
CAPEX / EBITDA (%)	4.79%	-100%	-9.86%	12.28%	3.68%	4.42%	3.8%	4.76%
CAPEX / FCF (%)	10.81%	-22.22%	-2.59%	-70%	23.13%	6.48%	3.87%	6.74%
Items per share
Cash flow per share ¹	-	-	-0.4113	-0.0051	-	-	-	-
Change	-	-	-	98.76%	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-1.97	0.019	-1.27	-0.22	-0.13	0.055	0.105	0.14
Change	-	100.96%	-6,784.21%	82.68%	40.91%	142.31%	90.91%	33.33%
Nbr of stocks (in thousands)	563,968	574,762	582,157	588,931	591,583	597,097	597,097	597,097
Announcement Date	3/30/21	3/31/22	3/30/23	4/3/24	4/2/25	-	-	-