Financials Aritzia Inc.

Stocks

ATZ

CA04045U1021

Apparel & Accessories Retailers

Delayed Toronto S.E. Other stock markets 09:49:45 15/07/2026 pm IST			5-day change	1st Jan Change
147.47 ^CAD	+0.61%		+1.65%	+25.67%

13/07	TSX futures climb as oil gains on renewed Middle East tensions	RE
11/07	TSX rises to three-week high, led by consumer-related shares	RE

Projected Income Statement: Aritzia Inc.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	1,495	2,196	2,332	2,738	3,702	4,710	5,424	6,186
Change	-	46.9%	6.23%	17.4%	35.21%	27.23%	15.15%	14.05%
EBITDA ¹	379.4	459	362.7	552.7	801.8	969	1,156	1,297
Change	-	20.98%	-20.98%	52.37%	45.06%	20.86%	19.32%	12.21%
EBIT ¹	236	287.2	158.4	294.8	585.8	869	1,064	1,265
Change	-	21.67%	-44.83%	86.09%	98.71%	48.35%	22.41%	18.95%
Interest Paid ¹	-25.2	-31.26	-49.09	-48.8	-56.76	-66.09	-71.13	-78.4
Earnings before Tax (EBT) ¹	219.6	263.8	114.6	290.5	516.8	787.4	914.3	-
Change	-	20.13%	-56.56%	153.43%	77.91%	52.37%	16.12%	-
Net income ¹	156.9	187.6	78.78	207.8	381.8	562.1	670.9	837
Change	-	19.55%	-58%	163.76%	83.77%	47.22%	19.35%	24.76%
Announcement Date	05/05/22	02/05/23	02/05/24	01/05/25	07/05/26	-	-	-

¹CAD in Million

Estimates

Fiscal Period: March	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	2028 Q1	2028 Q2	2028 Q3	2028 Q4
Net sales ¹	350.1	453.3	444.3	407.9	525.5	624.6	637.6	462.7	534.2	653.5	682	498.6	615.7	728.7	895.1	663.3	812.1	1,040	1,187	951	1,117	1,244	1,405	1,088	1,281	1,416	1,598
Change	-	29.5%	-1.99%	-8.19%	28.83%	18.86%	2.08%	-27.43%	15.46%	22.34%	4.35%	-26.88%	23.47%	18.36%	22.84%	-25.9%	22.42%	28.1%	14.06%	-19.85%	17.44%	11.36%	13.01%	-22.57%	17.72%	10.5%	12.89%
EBITDA ¹	95.19	132.2	89.24	92.69	107.2	147.9	111.2	66.48	56.15	128.2	111.9	91.66	93.86	174.1	193.1	131	160.6	247.9	262.3	235.8	209.9	266.3	293.5	219	225	-	339
Change	-	38.82%	-32.47%	3.87%	15.7%	37.9%	-24.82%	-40.22%	-15.53%	128.22%	-12.65%	-18.12%	2.4%	85.45%	10.94%	-32.18%	22.58%	54.42%	5.8%	-10.12%	-10.99%	26.88%	10.24%	-25.39%	2.73%	-	-
EBIT ¹	55.82	90.95	53.56	59.94	64.14	95.37	67.7	21.56	13.68	74.12	49.06	35.93	34.56	107.6	116.7	80.13	91.26	169.6	201.5	173.4	187.2	244.3	269.6	200.7	210.2	298	321.9
Change	-	62.94%	-41.11%	11.92%	7%	48.69%	-29.01%	-68.15%	-36.57%	441.82%	-33.81%	-26.76%	-3.81%	211.34%	8.48%	-31.35%	13.89%	85.9%	18.78%	-13.95%	7.98%	30.48%	10.36%	-25.54%	4.72%	41.77%	8.02%
Charge d'intérêts ¹	-6.516	-6.16	-6.092	-6.048	-6.658	-9.056	-9.501	-11.23	-11.79	-13.64	-12.43	-12.58	-12.84	-12.75	-10.63	-12.96	-13.68	-14.77	-15.36	-16.47	-15.71	-16.47	-16.73	-15.5	-15.5	-15.5	-15.5
Earnings before Tax (EBT) ¹	56.46	91.01	46.73	47.37	63.98	98.31	54.15	20.7	-5.402	62.2	37.1	23.31	27.24	104.8	135.1	58.85	90.64	189.4	177.9	165.6	165.9	220.9	238.2	194	208	270	295
Change	-	61.18%	-48.65%	1.38%	35.04%	53.66%	-44.92%	-61.77%	-126.09%	1,251.5%	-40.35%	-37.18%	16.89%	284.51%	29%	-56.45%	54.02%	108.9%	-6.05%	-6.91%	0.16%	33.19%	7.83%	-18.56%	7.22%	29.81%	9.26%
Net income ¹	39.85	64.94	34.22	33.26	46.26	70.73	37.34	17.47	-5.99	43.09	24.21	15.83	18.25	74.07	99.64	42.39	66.3	138.9	134.3	117.3	117.2	156.5	171.8	133	143	188	207
Change	-	62.97%	-47.3%	-2.82%	39.08%	52.89%	-47.21%	-53.21%	-134.29%	819.42%	-43.83%	-34.59%	15.25%	305.92%	34.53%	-57.46%	56.4%	109.48%	-3.32%	-12.67%	-0.04%	33.56%	9.72%	-22.56%	7.52%	31.47%	10.11%
Announcement Date	13/10/21	12/01/22	05/05/22	07/07/22	12/10/22	11/01/23	02/05/23	11/07/23	28/09/23	10/01/24	02/05/24	11/07/24	10/10/24	09/01/25	01/05/25	10/07/25	09/10/25	08/01/26	07/05/26	09/07/26	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Aritzia Inc.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt ¹	-265	-86.5	-163	-286	-592	-146	-633	-2,455
Change	-	67.36%	-88.44%	-75.46%	-106.99%	75.34%	-333.56%	-287.84%
Announcement Date	05/05/22	02/05/23	02/05/24	01/05/25	07/05/26	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Aritzia Inc.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	67.02	125.6	176.7	253.5	237.5	258.6	236.2	316.1
Change	-	87.39%	40.67%	43.49%	-6.32%	8.89%	-8.64%	33.82%
Free Cash Flow (FCF) ¹	271.3	-50.68	182.2	202.1	585.3	633.5	853.6	-
Change	-	-118.68%	459.47%	10.97%	189.55%	8.23%	34.76%	-100%
Announcement Date	05/05/22	02/05/23	02/05/24	01/05/25	07/05/26	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Aritzia Inc.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	25.39%	20.91%	15.55%	20.19%	21.66%	20.57%	21.32%	20.97%
EBIT Margin (%)	15.79%	13.08%	6.79%	10.77%	15.82%	18.45%	19.61%	20.45%
EBT Margin (%)	14.69%	12.02%	4.91%	10.61%	13.96%	16.72%	16.86%	-
Net margin (%)	10.5%	8.54%	3.38%	7.59%	10.31%	11.93%	12.37%	13.53%
FCF margin (%)	18.15%	-2.31%	7.81%	7.38%	15.81%	13.45%	15.74%	-
FCF / Net Income (%)	172.91%	-27.01%	231.23%	97.28%	153.29%	112.69%	127.23%	-
Profitability
ROA	12.23%	11.5%	4.17%	9.44%	13.66%	14.8%	15.5%	-
ROE	35.22%	30.84%	10.55%	21.85%	31.1%	33.55%	31.28%	29.9%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.48%	5.72%	7.57%	9.26%	6.41%	5.49%	4.36%	5.11%
CAPEX / EBITDA (%)	17.66%	27.36%	48.7%	45.86%	29.62%	26.68%	20.43%	24.37%
CAPEX / FCF (%)	24.7%	-247.83%	96.98%	125.4%	40.57%	40.82%	27.67%	-
Items per share
Cash flow per share ¹	2.922	0.6497	3.142	3.903	6.885	6.56	8.36	-
Change	-	-77.77%	383.64%	24.22%	76.39%	-4.72%	27.44%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	5.948	7.264	9.377	11.39	16.83	23.3	30.83
Change	-	-	22.13%	29.08%	21.46%	47.77%	38.46%	32.31%
EPS ¹	1.36	1.63	0.69	1.78	3.2	4.691	5.691	7.132
Change	-	19.85%	-57.67%	157.97%	79.78%	46.59%	21.32%	25.32%
Nbr of stocks (in thousands)	1,10,913	1,10,340	1,10,819	1,13,615	1,17,034	1,14,580	1,14,580	1,14,580
Announcement Date	05/05/22	02/05/23	02/05/24	01/05/25	07/05/26	-	-	-