Income Statement Economic Investment Trust Limited

Equities

EVT

CA2788931020

Closed End Funds

Delayed Toronto S.E. Other stock markets 03:25:43 2025-06-13 pm EDT			5-day change	1st Jan Change
20.38 ^CAD	+3.45%		+4.57%	+24.27%

May. 06	Economic Investment Trust Limited Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
Mar. 10	Economic Investment Trust Brief: Renewing Normal Course Issuer Bid	MT

fb033dff340c838bb1059cdbcfb845.Hb71eN8rWpcJiN7r_WYIO4T6nfb6d1vj68EBdzwnro4.b4yFL6xlNuY865vdiwxmCuuo98C_OCiboqtFPBFl2fxr5oRLtVM92F7g6g

Published financial data: ECONOMIC INVESTMENT TRUST LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Gain (Loss) on Sale of Investment, Total (Rev)	573K	180M	-59.79M	125M	247M
Interest And Invest. Income (Rev)	34.93M	60.93M	42.78M	37.81M	62.97M
Total Revenues	35.5M	241M	-17.01M	162M	310M
Gross Profit	35.5M	241M	-17.01M	162M	310M
Selling General & Admin Expenses, Total	3.91M	4.4M	2.6M	2.49M	2.67M
Other Operating Expenses, Total	3.91M	4.4M	2.6M	2.49M	2.67M
Operating Income	31.59M	237M	-19.61M	160M	307M
Interest Expense, Total	-	-	-219K	-65K	-
Net Interest Expenses	-	-	-219K	-65K	-
EBT, Excl. Unusual Items	31.59M	237M	-19.82M	160M	307M
EBT, Incl. Unusual Items	31.59M	237M	-19.82M	160M	307M
Income Tax Expense	1.49M	25.14M	-2.37M	22.05M	34.54M
Earnings From Continuing Operations	30.1M	212M	-17.46M	138M	273M
Net Income to Company	30.1M	212M	-17.46M	138M	273M
Net Income - (IS)	30.1M	212M	-17.46M	138M	273M
Net Income to Common Incl Extra Items	30.1M	212M	-17.46M	138M	273M
Net Income to Common Excl. Extra Items	30.1M	212M	-17.46M	138M	273M
Per Share Items
Net EPS - Basic	0.54	3.79	-0.31	2.52	5.03
Basic EPS - Continuing Operations	0.54	3.79	-0.31	2.52	5.03
Basic Weighted Average Shares Outstanding	55.97M	55.86M	55.48M	54.61M	54.24M
Net EPS - Diluted	0.54	3.79	-0.31	2.52	5.03
Diluted EPS - Continuing Operations	0.54	3.79	-0.31	2.52	5.03
Diluted Weighted Average Shares Outstanding	55.97M	55.86M	55.48M	54.61M	54.24M
Normalized Basic EPS	0.35	2.65	-0.22	1.83	3.54
Normalized Diluted EPS	0.35	2.65	-0.22	1.83	3.54
Dividend Per Share	0.12	0.12	0.12	0.12	0.12
Payout Ratio	22.31	3.17	-38.14	4.76	2.39
Supplemental Items
EBITA	31.59M	237M	-19.61M	160M	307M
EBIT	31.59M	237M	-19.61M	160M	307M
Total Revenues (As Reported)	35.5M	241M	-17.01M	162M	310M
Effective Tax Rate - (Ratio)	4.72	10.61	11.93	13.79	11.24
Total Current Taxes	3.93M	26.94M	-4.72M	4.39M	4.25M
Total Deferred Taxes	-2.44M	-1.8M	2.35M	17.66M	30.29M
Normalized Net Income	19.74M	148M	-12.39M	99.91M	192M
Supplemental Operating Expense Items
General and Administrative Expenses	3.91M	4.4M	2.6M	2.49M	2.67M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	11.25M	46.11M	12.83M	13.12M	13.55M
Total Cash And Short Term Investments	11.25M	46.11M	12.83M	13.12M	13.55M
Accounts Receivable, Total	7.07M	1.51M	1.63M	2.26M	2.24M
Other Receivables	704K	-	9.71M	1.46M	-
Total Receivables	7.77M	1.51M	11.34M	3.72M	2.24M
Total Current Assets	19.02M	47.62M	24.17M	16.84M	15.8M
Long-term Investments	886M	1.15B	1.07B	1.18B	1.43B
Other Long-Term Assets, Total	86.86M	888K	1.78M	601K	709K
Total Assets	992M	1.19B	1.1B	1.2B	1.45B
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	817K	151K	284K	347K	415K
Short-term Borrowings	-	-	14.5M	-	-
Current Income Taxes Payable	-	23.06M	-	-	906K
Total Current Liabilities	817K	23.21M	14.78M	347K	1.32M
Deferred Tax Liability Non Current	75.05M	73.25M	75.6M	93.26M	124M
Total Liabilities	75.86M	96.45M	90.38M	93.61M	125M
Common Stock, Total	204M	204M	199M	198M	198M
Additional Paid In Capital	10K	-	-	-	-
Retained Earnings	712M	894M	810M	910M	1.12B
Total Common Equity	916M	1.1B	1.01B	1.11B	1.32B
Total Equity	916M	1.1B	1.01B	1.11B	1.32B
Total Liabilities And Equity	992M	1.19B	1.1B	1.2B	1.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	55.88M	55.86M	54.65M	54.25M	54.22M
ECS Total Common Shares Outstanding	55.88M	55.86M	54.65M	54.25M	54.22M
Book Value / Share	16.39	19.66	18.46	20.41	24.37
Tangible Book Value	916M	1.1B	1.01B	1.11B	1.32B
Tangible Book Value Per Share	16.39	19.66	18.46	20.41	24.37
Total Debt	0	0	14.5M	0	0
Net Debt	-11.25M	-46.11M	1.67M	-13.12M	-13.55M
Account Code - Inventory Valuation	3	-	-	3	3

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	30.1M	212M	-17.46M	138M	273M
(Gain) Loss on Sale of Investments - (CF)	-573K	-180M	59.79M	-125M	-247M
Other Operating Activities, Total	-34.69M	9.84M	15.18M	31.28M	31.3M
Change in Other Net Operating Assets	-1.97M	23.34M	-33.52M	9.5M	2.32M
Cash from Operations	-7.14M	64.57M	23.98M	53.98M	59.38M
Short Term Debt Issued, Total	-	-	20M	-	-
Total Debt Issued	-	-	20M	-	-
Short Term Debt Repaid, Total	-	-	-5.5M	-14.5M	-
Total Debt Repaid	-	-	-5.5M	-14.5M	-
Repurchase of Common Stock	-2.48M	-261K	-16.56M	-5.42M	-513K
Common Dividends Paid	-6.72M	-6.7M	-6.66M	-6.56M	-6.51M
Common & Preferred Stock Dividends Paid	-6.72M	-6.7M	-6.66M	-6.56M	-6.51M
Special Dividend Paid	-8.53M	-22.74M	-48.54M	-27.21M	-51.92M
Cash from Financing	-17.72M	-29.71M	-57.26M	-53.69M	-58.94M
Net Change in Cash	-24.86M	34.86M	-33.28M	288K	435K
Supplemental Items
Cash Income Tax Paid (Refund)	4.16M	2.2M	26.06M	-5.29M	-1.78M
Levered Free Cash Flow	12.31M	177M	-45.14M	108M	195M
Unlevered Free Cash Flow	12.31M	177M	-45M	108M	195M
Change In Net Working Capital	7.44M	-28.65M	32.75M	-7.69M	-2.45M
Net Debt Issued / Repaid	-	-	14.5M	-14.5M	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2	13.55	-1.07	8.69	14.52
Return on Total Capital	2.17	14.71	-1.16	9.38	15.82
Return On Equity %	3.31	21.03	-1.66	13.02	22.47
Return on Common Equity	3.31	21.03	-1.66	13.02	22.47
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	11.01	1.82	-15.26	1.53	0.86
EBITA Margin %	88.99	98.18	115.26	98.46	99.14
EBIT Margin %	88.99	98.18	115.26	98.46	99.14
Income From Continuing Operations Margin %	84.79	87.76	102.64	84.85	88
Net Income Margin %	84.79	87.76	102.64	84.85	88
Net Avail. For Common Margin %	84.79	87.76	102.64	84.85	88
Normalized Net Income Margin	55.62	61.36	72.84	61.52	61.96
Levered Free Cash Flow Margin	34.66	73.23	265.38	66.25	62.75
Unlevered Free Cash Flow Margin	34.66	73.23	264.58	66.27	62.75
Asset Turnover
Asset Turnover	0.04	0.22	-0.01	0.14	0.23
Short Term Liquidity
Current Ratio	23.28	2.05	1.64	48.52	11.96
Quick Ratio	23.28	2.05	1.64	48.52	11.96
Operating Cash Flow to Current Liabilities	-8.73	2.78	1.62	155.57	44.95
Long Term Solvency
Total Debt/Equity	-	-	1.44	-	-
Total Debt / Total Capital	-	-	1.42	-	-
Total Liabilities / Total Assets	7.65	8.07	8.22	7.79	8.63
EBIT / Interest Expense	-	-	-89.53	2.46K	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-73.58	579.83	-107.05	-1.05K	90.93
Gross Profit, 1 Yr. Growth %	-73.58	579.83	-107.05	-1.05K	90.93
EBITA, 1 Yr. Growth %	-75.79	650.06	-108.27	-915.7	92.23
EBIT, 1 Yr. Growth %	-75.79	650.06	-108.27	-915.7	92.23
Earnings From Cont. Operations, 1 Yr. Growth %	-73.48	603.68	-108.24	-889.35	98.02
Net Income, 1 Yr. Growth %	-73.48	603.68	-108.24	-889.35	98.02
Normalized Net Income, 1 Yr. Growth %	-75.79	650.06	-108.37	-906.37	92.31
Diluted EPS Before Extra, 1 Yr. Growth %	-73.39	605.01	-108.3	-901.86	99.36
Accounts Receivable, 1 Yr. Growth %	170.97	-78.6	7.94	38.36	-0.71
Total Assets, 1 Yr. Growth %	0.78	20.44	-7.98	9.26	20.42
Tangible Book Value, 1 Yr. Growth %	1.37	19.88	-8.12	9.78	19.32
Common Equity, 1 Yr. Growth %	1.37	19.88	-8.12	9.78	19.32
Cash From Operations, 1 Yr. Growth %	-122.86	-1K	-62.87	125.14	9.99
Levered Free Cash Flow, 1 Yr. Growth %	-84.84	1.34K	-125.54	-338.36	80.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-84.84	1.34K	-125.46	-339.18	80.78
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.06	34.03	-30.78	-17.97	326.97
Gross Profit, 2 Yr. CAGR %	-8.06	34.03	-30.78	-17.97	326.97
EBITA, 2 Yr. CAGR %	-16.96	34.76	-21.22	-17.85	295.98
EBIT, 2 Yr. CAGR %	-16.96	34.76	-21.22	-17.85	295.98
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.89	36.6	-23.84	-19.34	295.35
Net Income, 2 Yr. CAGR %	-12.89	36.6	-23.84	-19.34	295.35
Normalized Net Income, 2 Yr. CAGR %	-16.96	34.76	-20.78	-17.86	293.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.75	36.96	-23.5	-18.42	299.82
Accounts Receivable, 2 Yr. CAGR %	88.26	-23.86	-51.94	22.2	17.21
Total Assets, 2 Yr. CAGR %	6.65	10.17	5.28	0.27	14.7
Tangible Book Value, 2 Yr. CAGR %	6.83	10.24	4.95	0.43	14.45
Common Equity, 2 Yr. CAGR %	6.83	10.24	4.95	0.43	14.45
Cash From Operations, 2 Yr. CAGR %	-44.08	43.83	83.32	-8.57	57.36
Levered Free Cash Flow, 2 Yr. CAGR %	-33.65	47.56	91.53	-21.97	107.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	-33.65	47.56	91.24	-21.96	107.94
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-31.13	79.11	-49.79	66.01	8.71
Gross Profit, 3 Yr. CAGR %	-31.13	79.11	-49.79	66.01	8.71
EBITA, 3 Yr. CAGR %	-33.02	72.94	-46.84	71.71	9.07
EBIT, 3 Yr. CAGR %	-33.02	72.94	-46.84	71.71	9.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.93	74.78	-46.42	66.05	8.81
Net Income, 3 Yr. CAGR %	-30.93	74.78	-46.42	66.05	8.81
Normalized Net Income, 3 Yr. CAGR %	-33.02	72.94	-46.64	71.68	9.07
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.85	75.08	-46.2	67.41	9.89
Accounts Receivable, 3 Yr. CAGR %	93.99	-8.81	-14.47	-31.64	14.03
Total Assets, 3 Yr. CAGR %	2.06	11.06	3.75	6.59	6.58
Tangible Book Value, 3 Yr. CAGR %	2.38	11.02	3.74	6.53	6.37
Common Equity, 3 Yr. CAGR %	2.38	11.02	3.74	6.53	6.37
Cash From Operations, 3 Yr. CAGR %	0.19	41.45	-8.42	96.31	-2.76
Levered Free Cash Flow, 3 Yr. CAGR %	-42.42	84.93	-17.77	106.02	3.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-42.42	84.93	-17.85	106.05	3.26
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-14.62	37.66	-30.99	31.06	18.21
Gross Profit, 5 Yr. CAGR %	-14.62	37.66	-30.99	31.06	18.21
EBITA, 5 Yr. CAGR %	-15.92	39.1	-28.53	28.41	18.7
EBIT, 5 Yr. CAGR %	-15.92	39.1	-28.53	28.41	18.7
Earnings From Cont. Operations, 5 Yr. CAGR %	-14.23	39.68	-28.18	28.28	19.18
Net Income, 5 Yr. CAGR %	-14.23	39.68	-28.18	28.28	19.18
Normalized Net Income, 5 Yr. CAGR %	-15.92	39.1	-28.37	28.4	18.7
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.17	39.82	-28	29	20.01
Accounts Receivable, 5 Yr. CAGR %	10.76	13.3	11.01	2.52	-2.98
Total Assets, 5 Yr. CAGR %	4.08	7.12	3.33	6.61	8
Tangible Book Value, 5 Yr. CAGR %	4.23	7.18	3.4	6.65	7.9
Common Equity, 5 Yr. CAGR %	4.23	7.18	3.4	6.65	7.9
Cash From Operations, 5 Yr. CAGR %	-20.16	99.23	27.58	18.8	13.72
Levered Free Cash Flow, 5 Yr. CAGR %	-23.05	40.7	-6.88	30.95	19.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	-23.05	40.7	-6.94	30.96	19.11
Dividend Per Share, 5 Yr. CAGR %	14.87	14.87	0	0	0