Scully Royalty Ltd. (SRL) Income Statement
SRL 2024 at a glance
Fiscal year ended December 31, 2024 · Canadian dollarsSRL revenue and net income
Where SRL's revenue goes
2024Each bar shows an amount and its share of revenue. SRL kept −58.3% of revenue as net income.
SRL profit margins
SRL growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −31.3% | −20.0% | −20.1% | −29.9% |
| Gross profit | −50.0% | −23.0% | +15.9% | −18.0% |
| Operating income | −121.5% | — | — | — |
| Net income | −1,682.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SRL income statement in Canadian dollars
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$37.1M | C$54.0M | C$65.7M | C$72.5M | C$56.6M | C$113.7M | C$146.8M | C$268.4M | C$1.15B | C$1.76B |
| Cost of revenue | C$22.9M | C$25.6M | C$40.5M | C$41.3M | C$39.2M | C$106.9M | C$141.9M | C$236.7M | C$1.08B | C$1.66B |
| Gross profit | C$14.2M | C$28.4M | C$25.3M | C$31.1M | C$17.4M | C$6.8M | C$4.9M | C$31.6M | C$74.6M | C$108.7M |
| Sales, general & admin | C$24.5M | C$23.2M | C$27.7M | C$23.2M | C$19.3M | C$22.1M | C$26.2M | C$46.7M | C$79.2M | C$86.6M |
| Total operating expenses | C$16.9M | C$15.9M | C$17.6M | C$12.7M | C$5.1M | C$29.8M | C$61.2M | C$62.1M | C$110.4M | C$166.9M |
| Operating income | −C$2.7M | C$12.5M | C$7.6M | C$18.5M | C$12.3M | −C$23.0M | −C$56.3M | −C$30.4M | −C$35.8M | −C$58.2M |
| Interest income | — | — | — | — | — | — | C$3.6M | C$1.0M | — | — |
| Interest expense | C$2.6M | C$1.7M | C$1.9M | C$2.0M | C$1.8M | C$1.0M | C$1.9M | C$8.0M | C$24.3M | C$24.2M |
| Income before taxes | −C$20.0M | C$10.0M | −C$24.7M | C$17.8M | C$10.6M | −C$16.8M | C$176.3M | −C$37.6M | −C$17.0M | −C$314.9M |
| Income taxes | C$1.3M | C$8.6M | −C$566,622 | C$10.3M | C$10.4M | C$1.6M | C$58.4M | C$8.5M | C$7.2M | −C$50.0M |
| Net income | −C$21.6M | C$1.4M | −C$24.1M | C$7.7M | C$351,277 | −C$18.6M | C$117.9M | −C$46.9M | −C$25.9M | −C$515.1M |
| EBITDA | −C$10.1M | C$19.7M | −C$12.2M | C$30.8M | C$24.0M | −C$7.4M | C$184.3M | −C$22.6M | C$19.7M | −C$283.8M |
| Gross margin | 38.3% | 52.6% | 38.4% | 43.0% | 30.7% | 6.0% | 3.3% | 11.8% | 6.5% | 6.2% |
| Operating margin | −7.2% | 23.1% | 11.6% | 25.5% | 21.8% | −20.2% | −38.4% | −11.3% | −3.1% | −3.3% |
| Net margin | −58.3% | 2.5% | −36.7% | 10.6% | 0.6% | −16.4% | 80.3% | −17.5% | −2.2% | −29.2% |
| Sep '25 | Mar '25 | Sep '24 | Mar '24 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$19.1M | C$8.6M | C$8.6M | C$27.9M | C$13.3M | C$13.8M | C$18.0M | C$12.3M |
| Cost of revenue | C$10.8M | C$12.5M | C$12.5M | C$11.8M | C$5.8M | C$7.4M | C$8.3M | C$5.6M |
| Gross profit | C$8.3M | −C$3.9M | −C$3.9M | C$16.0M | C$7.5M | C$6.4M | C$9.7M | C$6.6M |
| Sales, general & admin | — | — | — | — | — | C$17.4M | C$11.1M | C$13.8M |
| Total operating expenses | C$7.5M | C$7.1M | C$7.1M | C$9.0M | C$6.7M | C$24.8M | C$6.0M | C$6.7M |
| Operating income | C$813,601 | −C$11.0M | −C$11.0M | C$7.1M | C$248,500 | −C$3.4M | C$2.4M | −C$1.1M |
| Interest expense | C$1.1M | — | — | C$806,147 | C$698,172 | C$43,000 | C$730,481 | C$607,000 |
| Income before taxes | −C$132,039 | −C$2.0M | −C$2.0M | C$5.6M | C$767,500 | −C$18.4M | C$3.6M | −C$176,500 |
| Income taxes | C$1.5M | C$1.8M | C$1.8M | C$5.1M | C$348,500 | −C$4.8M | C$1.7M | C$834,500 |
| Net income | −C$2.0M | −C$332,500 | −C$332,500 | C$491,337 | C$445,000 | −C$13.7M | C$2.0M | −C$1.1M |
| EBITDA | C$4.2M | −C$10.4M | −C$10.4M | C$10.6M | C$2.1M | −C$841,000 | C$5.0M | C$1.1M |
| Gross margin | 43.5% | −45.1% | −45.1% | 57.5% | 56.5% | 46.2% | 53.9% | 54.0% |
| Operating margin | 4.3% | −127.6% | −127.6% | 25.3% | 1.9% | −24.4% | 13.3% | −9.0% |
| Net margin | −10.3% | −3.9% | −3.9% | 1.8% | 3.4% | −98.9% | 10.8% | −8.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in SRL's financial statements (latest annual report filed April 30, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRL financial results
In fiscal year 2024 (ended December 31, 2024), Scully Royalty reported revenue of C$37.1 million, down 31.3% from the year before. It had a net loss of C$21.6 million, a net profit margin of −58.3%. Over five years revenue grew at an average rate of −20.1% a year. Figures are in Canadian dollars, the currency of its financial statements.
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SRL income statement FAQ
What is Scully Royalty's annual revenue?
Scully Royalty reported total revenue of C$37.1 million for fiscal year 2024, which ended on December 31, 2024. That was down 31.3% from C$54.0 million the previous year.
Is Scully Royalty profitable?
No. Scully Royalty reported a net loss of C$21.6 million in fiscal 2024, a net profit margin of −58.3%; its operating margin was −7.2%.
What is Scully Royalty's gross margin?
Scully Royalty's gross margin was 38.3% in fiscal 2024: for every $100 of revenue, Scully Royalty kept $38 after the direct cost of its products and services.
How fast is Scully Royalty growing?
Revenue grew −20.1% a year on average over the last five fiscal years, from C$113.7 million to C$37.1 million.
When does Scully Royalty's fiscal year end?
Scully Royalty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on April 30, 2025.