Slides
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Canadian Tire Corporation Q4 2025 & FY 2025 Financial Results and Segment Eliminations
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2 Executive Participants Greg Hicks President & Chief Executive Officer, Canadian Tire Corporation Darren Myers Executive Vice President & Chief Financial Officer, Canadian Tire Corporation
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3 Table of Contents Topic Slide # Q4 2025 & FY 2025 Diluted EPS to Normalized Continuing Operations Bridge and Key Impacts 4 Q4 2025 & FY 2025 Financial Results 7 Q4 2025 & FY 2025 Segment Eliminations 18 Normalized Results from Continuing Operations 21
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4 Q4 and FY 2025: Reported Diluted EPS Bridge and Key Impacts
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$7.37 $(0.83) $(3.30) $3.24 $1.23 $4.47 $(0.06) $(0.51) $3.90 Reported Diluted EPS (Q4 2024) Discontinued Operations Income Normalizing Items Normalized Diluted EPS from Continuing Operations (Q4 2024) Operational Items Normalized Diluted EPS from Continuing Operations (Q4 2025) Discontinued Operations Loss Normalizing Items Reported Diluted EPS (Q4 2025) Fourth Quarter: 2024 to 2025 Reported Diluted EPS Bridge and Key Impacts Q4 2024 to Q4 2025 Reported Diluted EPS Bridge and Key Impacts 1 5 2 3 Q4 2024 Normalizing Items: (+) Property sale gain: $222.9M (equivalent to Diluted EPS of $3.532) (-) Charge related to CTFS strategic review: $(18.1)M (equivalent to Diluted EPS of $0.24) 1) This is a non-GAAP financial measure or non-GAAP ratio with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. See Section 10.1 of the Company’s Q4 2025 MD&A, which is available at www.SEDARPLUS.ca and incorporated by reference herein. 2) EPS impacts may not sum to the total due to rounding. 1 Q4 2025 Normalizing Items: (-) Transformation-related costs: $13.9M and Impairment on long- term investment: $17.0M (equivalent to Diluted EPS of -$0.51) 3 Q4 2025 Normalized Diluted EPS from Continuing Operations1 up $1.23 to $4.47 Q4 2025 Reported Diluted EPS down $(3.47) to $3.90 (+) Improved retail IBT, aided by a 53rd week, as well as improved financial services IBT performance, offset by higher income taxes (equivalent to Diluted EPS of $1.23) 2 Operational Items:
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$15.92 $(1.01) $(3.30) $11.61 $2.16 $13.77 $(0.90) $(3.20) $9.67 Reported diluted EPS (FY 2024) Discontinued Operations Income Normalizing Items Normalized Diluted EPS from Continuing Operations (FY 2024) Operational Items Normalized Diluted EPS from Continuing Operations (FY 2025) Discontinued Operations Loss Normalizing Items Reported Diluted EPS (FY 2025) Full Year: 2024 to 2025 Reported Diluted EPS Bridge and Key Impacts FY 2024 to FY 2025 Reported Diluted EPS Bridge and Key Impacts FY 2025 Normalized Diluted EPS from Continuing Operations up $2.16 to $13.77 FY 2025 Reported Diluted EPS down $(6.25) to $9.67 1 6 2 3 FY 2025 Normalizing Items: FY 2024 Normalizing Items: (-) Transformation-related costs: $213.5M and Impairment on long-term investment: $17.0M (equivalent to Diluted EPS of -$3.20) (+) Property sale gain: $222.9M (equivalent to Diluted EPS of $3.54) (-) Charge related to CTFS strategic review: $18.1M (equivalent to Diluted EPS of $0.24) (+) Improved retail IBT performance, aided by a 53rd week, offset financial services IBT, offset by higher income taxes (equivalent to Diluted EPS of $2.16) 1 2 3 Operational Items:
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7 Q4 2025 & FY 2025 Financial Results
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8 Q4 2025 & FY 2025 Consolidated Financial Results 1 For further information about these measures see Section 10.2 of the Company’s Q4 2025 MD&A, which is available at www.SEDARPLUS.ca and incorporated by reference herein. 2 Not meaningful. (C$ in millions, except where noted) Q4 2025 Q4 2024 Change 2025 2024 Change Retail sales1 $ 5,860.7 $ 5,380.5 8.9 % $ 18,986.9 $ 18,177.7 4.5 % Revenue $ 4,551.1 $ 4,200.8 8.3 % $ 16,315.5 $ 15,516.0 5.2 % Gross margin dollars Gross margin rate1 $ 1,576.6 34.6 % $ 1,361.4 32.4 % 15.8 % 223 bps $ 5,615.3 34.4 % $ 5,200.8 8.0 % 33.5 % 90 bps Other expense (income) $ 47.6 $ (241.9) NM2 $ 229.0 $ (290.0) NM2 Selling, general and administrative expenses 935.7 867.2 7.9 % 3,470.6 3,240.0 7.1 % Depreciation and amortization 195.9 184.7 6.1 % 741.7 731.6 1.4 % Net finance costs (income) 78.7 82.8 (4.9) % 295.5 344.1 (14.1) % Income before income taxes $ 318.7 $ 468.6 (32.0) % $ 878.5 $ 1,175.1 (25.2) % Income tax expense (recovery) 86.3 83.2 3.7 % 219.5 259.6 (15.4) % Effective tax rate1 27.1 % 17.8 % 25.0 % 22.1 % Net income from continuing operations $ 232.4 $ 385.4 (39.7) % $ 659.0 $ 915.5 (28.0) % Net income from discontinued operations (3.1) 46.3 NM2 (49.3) 56.4 NM2 Net income $ 229.3 $ 431.7 (46.9) % $ 609.7 $ 971.9 (37.3) % Net income attributable to: Shareholders of Canadian Tire Corporation Continuing operations Discontinued operations Non-controlling interests $ 211.0 $ 365.2 (42.2) % $ 575.6 $ 831.3 (30.8) % (3.1) 46.3 NM2 (49.3) 56.4 NM2 21.4 20.2 5.9 % 83.4 84.2 (1.0) % $ 229.3 $ 431.7 (46.9) % $ 609.7 $ 971.9 (37.3) % Basic earnings per share $ 3.91 $ 7.40 (47.2) % $ 9.70 $ 15.96 (39.2) % Continuing operations 3.97 6.57 (39.6) % 10.60 14.95 (29.1) % Discontinued operations (0.06) 0.83 NM2 (0.90) 1.01 NM2 Diluted earnings per share $ 3.90 $ 7.37 (47.1) % $ 9.67 $ 15.92 (39.3) % Continuing operations 3.96 6.54 (39.4) % 10.57 14.91 (29.1) % Discontinued operations (0.06) 0.83 NM2 (0.90) 1.01 NM2 Weighted average number of Common and Class A Non-Voting Shares outstanding: Basic Diluted 53,154,717 55,624,885 (4.4) % 54,271,164 55,625,884 (2.4) % 53,326,807 55,827,453 (4.5) % 54,460,287 55,766,848 (2.3) %
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9 Q4 2025 & FY 2025 Normalizing Items In relation to the True North strategy, the Company recorded a transformation charge of $125.1 million on a full year basis for restructuring costs, which includes severance and costs for optimization of the SportChek store portfolio, including closing standalone Atmosphere stores. The Company also expensed $88.4 million on a full year basis in other transformation and advisory costs, of which $13.9 million was expensed in the fourth quarter. There was also a $17.0 million impairment on a long-term investment recorded in the fourth quarter. These costs are recorded within Other expense (income) in the Consolidated Statements of Income. The full-year results of operations in 2024 included a gain in Other expense (income) of $241.0 million, or $222.9 million net of an inventory write-down of $18.1 million, recorded in Cost of producing revenue as the Company sold a property in Brampton, Ontario (the Brampton DC). The Company also completed its strategic review of its Financial Services business, which resulted in $18.1 million in Selling, general and administrative expenses. These items are discussed in detail in section 5.1.1 of the Company’s Q4 2024 MD&A. The following table summarizes the normalizing items recorded in the quarter and year to date: (C$ in millions) Q4 2025 Q4 2024 2025 2024 Restructuring costs $ — $ — $ 125.1 $ — Other transformation and advisory costs 13.9 — 88.4 — Impairment on long-term investment 17.0 — 17.0 — Gain on sale of Brampton DC, net of inventory write-down — (222.9) — (222.9) Expenses related to the strategic review of CTFS — 18.1 — 18.1 Total normalized costs before income taxes $ 30.9 $ (204.8) $ 230.5 $ (204.8) Income tax expense (recovery) 3.6 (20.6) 56.2 (20.6) Total normalized costs after income taxes $ 27.3 $ (184.2) $ 174.3 $ (184.2)
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10 Q4 2025 Normalized Metrics – Consolidated 1) Refer to Normalizing Items table in this presentation for more details. 2) These normalized measures (excluding Revenue, Depreciation and amortization, Net finance costs, and Net income from discontinued operations) are non-GAAP financial measures or non-GAAP ratios. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. 5) Not meaningful. (C$ in millions, except where noted) Q4 2025 Normalizing Items1 Normalized Q4 20252 Q4 2024 Normalizing Items1 Normalized Q4 20242 Change3 Revenue $ 4,551.1 $ — $ 4,551.1 $ 4,200.8 $ — $ 4,200.8 8.3 % Cost of producing revenue 2,974.5 — 2,974.5 2,839.4 (18.1) 2,821.3 5.4 % Gross margin dollars $ 1,576.6 $ — $ 1,576.6 $ 1,361.4 $ 18.1 $ 1,379.5 14.3 % Gross margin rate4 34.6 % — bps 34.6 % 32.4 % 40 bps 32.8 % 180 bps Other expense (income) $ 47.6 $ (30.9) $ 16.7 $ (241.9) $ 241.0 $ (0.9) NM5 Selling, general and administrative expenses 935.7 — 935.7 867.2 (18.1) 849.1 10.2 % Depreciation and amortization 195.9 — 195.9 184.7 — 184.7 6.1 % Net finance costs (income) 78.7 — 78.7 82.8 — 82.8 (5.0) % Income before income taxes $ 318.7 $ 30.9 $ 349.6 $ 468.6 $ (204.8) $ 263.8 32.5 % Income tax expense (recovery) 86.3 3.6 89.9 83.2 (20.6) 62.6 43.6 % Net income from continuing operations $ 232.4 $ 27.3 $ 259.7 $ 385.4 $ (184.2) $ 201.2 29.1 % Net income from discontinued operations (3.1) — (3.1) 46.3 — 46.3 NM5 Net income $ 229.3 $ 27.3 $ 256.6 $ 431.7 $ (184.2) $ 247.5 3.7 % Net income attributable to shareholders of CTC Continuing operations $ 211.0 $ 27.3 $ 238.3 $ 365.2 $ (184.2) $ 181.0 31.7 % Discontinued operations (3.1) — (3.1) 46.3 — 46.3 NM5 Diluted EPS $ 3.90 $ 0.51 $ 4.41 $ 7.37 $ (3.30) $ 4.07 8.4 % Continuing operations 3.96 0.51 4.47 6.54 (3.30) 3.24 38.0 % Discontinued operations (0.06) — (0.06) 0.83 — 0.83 NM5
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11 FY 2025 Normalized Metrics – Consolidated 1) Refer to Normalizing Items table in this presentation for more details. 2) These normalized measures (excluding Revenue, Depreciation and amortization, Net finance costs, and Net income from discontinued operations) are non-GAAP financial measures or non-GAAP ratios. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. 5) Not meaningful. (C$ in millions, except where noted) 2025 Normalizing Items1 Normalized 20252 2024 Normalizing Items1 Normalized 20242 Change3 Revenue $ 16,315.5 $ — $ 16,315.5 $ 15,516.0 $ — $ 15,516.0 5.2 % Cost of producing revenue 10,700.2 — 10,700.2 10,315.2 (18.1) 10,297.1 3.9 % Gross margin dollars $ 5,615.3 $ — $ 5,615.3 $ 5,200.8 $ 18.1 $ 5,218.9 7.6 % Gross margin rate4 34.4 % — bps 34.4 % 33.5 % 10 bps 33.6 % 78 bps Other expense (income) $ 229.0 $ (230.5) $ (1.5) $ (290.0) $ 241.0 $ (49.0) 96.9 % Selling, general and administrative expenses 3,470.6 — 3,470.6 3,240.0 (18.1) 3,221.9 7.7 % Depreciation and amortization 741.7 — 741.7 731.6 — 731.6 1.4 % Net finance costs (income) 295.5 — 295.5 344.1 — 344.1 (14.1) % Income before income taxes $ 878.5 $ 230.5 $ 1,109.0 $ 1,175.1 $ (204.8) $ 970.3 14.3 % Income tax expense (recovery) 219.5 56.2 275.7 259.6 (20.6) 239.0 15.4 % Net income from continuing operations $ 659.0 $ 174.3 $ 833.3 $ 915.5 $ (184.2) $ 731.3 13.9 % Net income from discontinued operations (49.3) — (49.3) 56.4 — 56.4 NM5 Net income $ 609.7 $ 174.3 $ 784.0 $ 971.9 $ (184.2) $ 787.7 (0.5) % Net income attributable to shareholders of CTC Continuing operations $ 575.6 $ 174.3 $ 749.9 $ 831.3 $ (184.2) $ 647.1 15.9 % Discontinued operations (49.3) — (49.3) 56.4 — 56.4 NM5 Diluted EPS $ 9.67 $ 3.20 $ 12.87 $ 15.92 $ (3.30) $ 12.62 2.0 % Continuing operations 10.57 3.20 13.77 14.91 (3.30) 11.61 18.6 % Discontinued operations (0.90) — (0.90) 1.01 — 1.01 NM5
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12 Q4 2025 & FY 2025 Retail Segment Results* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1) For further information about this measure see Section 10.2 of the Q4 2025 MD&A 2) Not meaningful. (C$ in millions) Q4 2025 Q4 2024 Change 2025 2024 Change Retail sales1 $ 5,860.7 $ 5,380.5 8.9 % $ 18,986.9 $ 18,177.7 4.5 % Revenue $ 4,150.7 $ 3,816.7 8.8 % $ 14,728.6 $ 13,970.6 5.4 % Gross margin dollars $ 1,361.0 $ 1,168.6 16.5 % $ 4,765.5 $ 4,380.6 8.8 % Gross margin rate1 32.8 % 30.6 % 217 bps 32.4 % 31.4 % 100 bps Other expense (income) $ 8.7 $ (281.0) NM2 $ 75.2 $ (422.6) NM2 Selling, general and administrative expenses 831.6 773.0 7.5 % 3,081.5 2,889.8 6.6 % Depreciation and amortization 251.7 232.6 8.2 % 934.7 921.0 1.5 % Net finance costs (income) 58.3 67.8 (14.0) % 220.9 291.1 (24.1) % Income (loss) before income taxes from continuing operations $ 210.7 $ 376.2 (44.0) % $ 453.2 $ 701.3 (35.4) % Income before income taxes from discontinued operations (4.6) 60.6 NM2 (47.5) 70.9 NM2 Income (loss) before income taxes $ 206.1 $ 436.8 (52.8) % $ 405.7 $ 772.2 (47.5) %
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13 Q4 2025 Normalized Metrics: Retail Segment Results* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1) Refer to Section 5.1.1 in the MD&A for a description of normalizing items. 2) These normalized measures (excluding Revenue, Depreciation and amortization, Net finance costs, and Income before income taxes from discontinued operations) are non-GAAP financial measures or non-GAAP ratios. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. 5) Not meaningful. (C$ in millions, except where noted) Q4 2025 Normalizing Items1 Normalized Q4 20252 Q4 2024 Normalizing Items1 Normalized Q4 20242 Change3 Revenue $ 4,150.7 $ — $ 4,150.7 $ 3,816.7 $ — $ 3,816.7 8.8 % Cost of producing revenue 2,789.7 — 2,789.7 2,648.1 (18.1) 2,630.0 6.1 % Gross margin dollars $ 1,361.0 $ — $ 1,361.0 $ 1,168.6 $ 18.1 $ 1,186.7 14.7 % Gross margin rate4 32.8 % — bps 32.8 % 30.6 % 47 bps 31.1 % 170 bps Other expense (income) $ 8.7 $ (30.9) $ (22.2) $ (281.0) $ 241.0 $ (40.0) (44.5) % Selling, general and administrative expenses 831.6 — 831.6 773.0 (8.7) 764.3 8.8 % Depreciation and amortization 251.7 — 251.7 232.6 — 232.6 8.2 % Net finance costs (income) 58.3 — 58.3 67.8 — 67.8 (14.0) % Income (loss) before income taxes from continuing operations $ 210.7 $ 30.9 $ 241.6 $ 376.2 $ (214.2) $ 162.0 49.1 % Income before income taxes from discontinued operations (4.6) — (4.6) 60.6 — 60.6 NM5 Income (loss) before income taxes $ 206.1 $ 30.9 $ 237.0 $ 436.8 $ (214.2) $ 222.6 6.5 %
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14 FY 2025 Normalized Metrics: Retail Segment Results* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1) Refer to Section 5.1.1 in the MD&A for a description of normalizing items. 2) These normalized measures (excluding Revenue, Depreciation and amortization, Net finance costs, and Income before income taxes from discontinued operations) are non-GAAP financial measures or non-GAAP ratios. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. 5) Not meaningful. (C$ in millions, except where noted) 2025 Normalizing Items1 Normalized 20252 2024 Normalizing Items1 Normalized 20242 Change3 Revenue $ 14,728.6 $ — $ 14,728.6 $ 13,970.6 $ — $ 13,970.6 5.4 % Cost of producing revenue 9,963.1 — 9,963.1 9,590.0 (18.1) 9,571.9 4.1 % Gross margin dollars $ 4,765.5 $ — $ 4,765.5 $ 4,380.6 $ 18.1 $ 4,398.7 8.3 % Gross margin rate4 32.4 % — bps 32.4 % 31.4 % 13 bps 31.5 % 55 bps Other expense (income) $ 75.2 $ (230.5) $ (155.3) $ (422.6) $ 241.0 $ (181.6) (14.5) % Selling, general and administrative expenses 3,081.5 — 3,081.5 2,889.8 (8.7) 2,881.1 7.0 % Depreciation and amortization 934.7 — 934.7 921.0 — 921.0 1.5 % Net finance costs (income) 220.9 — 220.9 291.1 — 291.1 (24.1) % Income (loss) before income taxes from continuing operations $ 453.2 $ 230.5 $ 683.7 $ 701.3 $ (214.2) $ 487.1 40.4 % Income before income taxes from discontinued operations (47.5) — (47.5) 70.9 — 70.9 NM5 Income (loss) before income taxes $ 405.7 $ 230.5 $ 636.2 $ 772.2 $ (214.2) $ 558.0 14.0 %
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15 Q4 2025 & FY 2025 Financial Services Results 1) For further information about this measure see Section 10.2 of the Q4 2025 MD&A 2) Not meaningful. (C$ in millions) Q4 2025 Q4 2024 Change 2025 2024 Change Revenue $ 404.8 $ 388.9 4.1 % $ 1,593.8 $ 1,560.2 2.2 % Gross margin dollars $ 195.4 $ 175.4 11.4 % $ 761.7 $ 741.9 2.7 % Gross margin rate1 48.3 % 45.1 % 319 bps 47.8 % 47.5 % 24 bps Other expense (income) $ 1.1 $ 1.2 NM2 $ 3.8 $ (1.1) NM2 Selling, general and administrative expenses 116.4 107.4 8.4 % 426.2 388.4 9.7 % Depreciation and amortization 1.5 2.6 (43.1) % 6.7 9.4 (28.8) % Net finance costs (income) (2.8) (3.3) (15.1) % (9.7) (16.8) (42.4) % Income before income taxes $ 79.2 $ 67.5 17.3 % $ 334.7 $ 362.0 (7.5) %
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16 Q4 2025 Normalized Metrics: Financial Services Results 1) Refer to Section 5.1.1 in the MD&A for a description of normalizing items. 2) These normalized measures (Selling, general and administrative expenses and Income before income taxes) are non-GAAP financial measures. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. (C$ in millions, except where noted) Q4 2025 Normalizing Items1 Normalized Q4 20252 Q4 2024 Normalizing Items1 Normalized Q4 20242 Change3 Revenue $ 404.8 $ — $ 404.8 $ 388.9 $ — $ 388.9 4.1 % Gross margin dollars 195.4 — 195.4 175.4 — 175.4 11.4 % Gross margin rate4 48.3 % — bps 48.3 % 45.1 % — bps 45.1 % 319 bps Other expense (income) $ 1.1 $ — $ 1.1 $ 1.2 $ — $ 1.2 (8.3) % Selling, general and administrative expenses 116.4 — 116.4 107.4 (9.4) 98.0 18.8 % Depreciation and amortization 1.5 — 1.5 2.6 — 2.6 (43.1) % Net finance costs (income) (2.8) — (2.8) (3.3) — (3.3) (15.1) % Income before income taxes $ 79.2 $ — $ 79.2 $ 67.5 $ 9.4 $ 76.9 3.0 %
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17 FY 2025 Normalized Metrics: Financial Services Results 1) Refer to Section 5.1.1 for a description of normalizing items. 2) These normalized measures (Selling, general and administrative expenses and Income before income taxes) are non-GAAP financial measures. For further information and a detailed reconciliation see Section 10.1 of the Q4 2025 MD&A. 3) Change is between normalized results. 4) For further information about this measure see Section 10.2 of the Q4 2025 MD&A. 5) Not meaningful. (C$ in millions, except where noted) 2025 Normalizing Items1 Normalized 20252 2024 Normalizing Items1 Normalized 20242 Change3 Revenue $ 1,593.8 $ — $ 1,593.8 $ 1,560.2 $ — $ 1,560.2 2.2 % Gross margin dollars 761.7 — 761.7 741.9 — 741.9 2.7 % Gross margin rate4 47.8 % — bps 47.8 % 47.5 % — bps 47.5 % 24 bps Other expense (income) $ 3.8 $ — $ 3.8 $ (1.1) $ — $ (1.1) NM5 Selling, general and administrative expenses 426.2 — 426.2 388.4 (9.4) 379.0 12.5 % Depreciation and amortization 6.7 — 6.7 9.4 — 9.4 (28.8) % Net finance costs (income) (9.7) — (9.7) (16.8) — (16.8) (42.4) % Income before income taxes $ 334.7 $ — $ 334.7 $ 362.0 $ 9.4 $ 371.4 (9.9) %
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18 Q4 2025 & FY 2025 Segment Eliminations
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19 Q4 2025 Segment Reporting Note Disclosure* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1) The CT REIT eliminations and adjustments include intersegment eliminations between Retail and CT REIT including intercompany rent and property management fees and the adjustments for the conversion from CT REIT’s fair value investment property measurement policy to the Company’s cost model, including the recording of depreciation and removing fair value adjustments. 2) The Financial Services eliminations and adjustments mainly include elimination of intercompany credit card processing fees and reclassifications of certain revenues and costs in the Financial Services segment to net finance costs (income). 3) This measure is a non-GAAP financial measure with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. See Section 10.1 (Non-GAAP Financial Measures and Ratios) of the Company’s Q4 2025 MD&A, which is available on SEDAR+ at www.SEDARPLUS.ca and is incorporated by reference herein. (C$ in millions) Retail Financial Services CT REIT CT REIT eliminations and adjustments1 Financial Services eliminations and adjustments2 Total Total revenue $4,150.7 $404.8 $153.0 ($136.7) ($20.7) $4,551.1 Cost of producing revenue 2,789.7 209.4 — — (24.6) 2,974.5 Gross margin $1,361.0 $195.4 $153.0 ($136.7) $3.9 $1,576.6 Other expense (income) 8.7 1.1 — 37.8 — 47.6 Selling, general and administrative expenses 831.6 116.4 37.8 (30.9) (19.2) 935.7 Depreciation and amortization 251.7 1.5 — (57.0) (0.3) 195.9 Net finance costs (income) 58.3 (2.8) 34.3 (34.5) 23.4 78.7 Fair value (gain) loss — — (110.4) 110.4 — — Income before taxes $210.7 $79.2 $191.3 ($162.5) $— $318.7 Depreciation and amortization in cost of producing revenue 5.3 — — — — 5.3 EBITDA3 526.0 77.9 225.6 (254.0) 23.1 598.6 Items included in the above: Interest Income 27.6 361.2 0.1 (19.0) (1.2) 368.7 Interest Expense 80.4 60.4 34.4 (53.5) (1.3) 120.4
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20 FY 2025 Segment Reporting Note Disclosure* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1) The CT REIT eliminations and adjustments include intersegment eliminations between Retail and CT REIT including intercompany rent and property management fees and the adjustments for the conversion from CT REIT’s fair value investment property measurement policy to the Company’s cost model, including the recording of depreciation and removing fair value adjustments. 2) The Financial Services eliminations and adjustments mainly include elimination of intercompany credit card processing fees and reclassifications of certain revenues and costs in the Financial Services segment to net finance costs (income). 3) This measure is a non-GAAP financial measure with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. See Section 10.1 (Non-GAAP Financial Measures and Ratios) of the Company’s Q4 2025 MD&A, which is available on SEDAR+ at www.SEDARPLUS.ca and is incorporated by reference herein. (C$ in millions) Retail Financial Services CT REIT CT REIT eliminations and adjustments1 Financial Services eliminations and adjustments2 Total Total revenue $14,728.6 $1,593.8 $604.3 ($540.7) ($70.5) $16,315.5 Cost of producing revenue 9,963.1 832.1 — — (95.0) 10,700.2 Gross margin $4,765.5 $761.7 $604.3 ($540.8) $24.6 $5,615.3 Other expense (income) 75.2 3.8 — 150.0 — 229.0 Selling, general and administrative expenses 3,081.5 426.2 151.0 (126.3) (61.8) 3,470.6 Depreciation and amortization 934.7 6.7 — (198.4) (1.3) 741.7 Net finance costs (income) 220.9 (9.7) 131.6 (134.2) 86.9 295.5 Fair value (gain) loss — — (195.4) 195.4 — — Income before taxes $453.2 $334.7 $517.1 ($427.3) $0.8 $878.5 Depreciation and amortization in cost of producing revenue 22.3 — — — — 22.3 EBITDA3 1,631.1 331.7 648.7 (759.9) 86.4 1,938.0 Items included in the above: Interest Income 116.8 1,392.8 0.2 (72.8) (4.8) 1,432.2 Interest Expense 314.2 234.2 131.8 (207.0) (4.9) 468.3
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21 Normalized Results from Continuing Operations
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22 Consolidated Normalized Results from Continuing Operations* To assist in modelling the business on a go-forward basis after the completion of the Helly Hansen sale on May 31, 2025, the following table restates the Company’s normalized results from continuing operations on a quarterly and annual basis. *Consolidated performance from continuing operations excluding the Helly Hansen business. (C$ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Revenue 3,332.8 3,995.4 3,987.0 4,200.8 15,516.0 3,456.7 4,201.9 4,105.8 4,551.1 16,315.5 Cost of producing revenue 2,182.2 2,648.9 2,644.7 2,821.3 10,297.1 2,265.9 2,782.4 2,677.4 2,974.5 10,700.2 Gross margin 1,150.6 1,346.5 1,342.3 1,379.5 5,218.9 1,190.8 1,419.5 1,428.4 1,576.6 5,615.3 Other expense (income) (0.9) (12.7) (34.5) (0.9) (49.0) (2.2) (8.7) (7.3) 16.7 (1.5) Selling, general and administrative expenses 776.5 781.9 814.4 849.1 3,221.9 775.9 880.6 878.4 935.7 3,470.6 Depreciation and amortization 183.0 182.3 181.6 184.7 731.6 181.8 177.3 186.7 195.9 741.7 Net finance costs (income) 89.1 88.1 84.1 82.8 344.1 69.6 74.3 72.9 78.7 295.5 Income before taxes 102.9 306.9 296.7 263.8 970.3 165.7 296.0 297.7 349.6 1,109.0 Income tax expense (recovery) 23.8 74.5 78.1 62.6 239.0 34.6 80.0 71.2 89.9 275.7 Net income from continuing operations 79.1 232.4 218.6 201.2 731.3 131.1 216.0 226.5 259.7 833.3 Net income (loss) from discontinued operations 16.9 (8.9) 2.1 46.3 56.4 9.9 (56.1) 0.0 (3.1) (49.3) Net income 96.0 223.5 220.7 247.5 787.7 141.0 159.9 226.5 256.6 784.0 Net income (loss) attributable to Shareholder of Canadian Tire Corporation: Continuing operations 59.9 207.7 198.5 181.0 647.1 111.4 195.9 204.3 238.3 749.9 Discontinued operations 16.9 (8.9) 2.1 46.3 56.4 9.9 (56.1) 0.0 (3.1) (49.3) Diluted earnings (loss) per share 1.38 3.56 3.59 4.07 12.62 2.18 2.54 3.78 4.41 12.87 Continuing operations 1.08 3.72 3.55 3.24 11.61 2.00 3.57 3.78 4.47 13.77 Discontinued operations 0.30 (0.16) 0.04 0.83 1.01 0.18 (1.03) 0.00 (0.06) (0.90)
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23 Retail Segment Normalized Results from Continuing Operations* To assist in modelling the business on a go-forward basis after the completion of the Helly Hansen sale on May 31, 2025, the following table restates the Company’s normalized results from continuing operations on a quarterly and annual basis. 1 This is a non-GAAP financial measure with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. See Section 10.1 of the Company’s Q4 2025 MD&A, which is available at www.SEDARPLUS.ca and incorporated by reference herein. *Retail segment performance from continuing operations excluding the Helly Hansen business. (C$ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Total revenue 2,944.5 3,617.5 3,591.9 3,816.7 13,970.6 3,061.8 3,810.3 3,705.8 4,150.7 14,728.6 Cost of producing revenue 2,006.0 2,469.5 2,466.4 2,630.0 9,571.9 2,084.0 2,595.5 2,493.9 2,789.7 9,963.1 Gross margin 938.5 1,148.0 1,125.5 1,186.7 4,398.7 977.8 1,214.8 1,211.9 1,361.0 4,765.5 Other income (37.9) (34.3) (69.4) (40.0) (181.6) (40.9) (46.6) (45.6) (22.2) (155.3) Selling, general and administrative expenses 686.7 696.1 734.0 764.3 2,881.1 689.8 779.6 780.5 831.6 3,081.5 Depreciation and amortization 229.6 229.6 229.2 232.6 921.0 223.9 226.1 233.0 251.7 934.7 Net finance costs 78.4 75.4 69.5 67.8 291.1 54.1 56.9 51.6 58.3 220.9 Income before taxes (18.3) 181.2 162.2 162.0 487.1 50.9 198.8 192.4 241.6 683.7 Depreciation and amortization in cost of producing revenue 6.7 5.7 5.4 5.1 22.9 5.3 5.0 6.7 5.3 22.3 EBITDA1 296.4 491.9 466.3 467.5 1,722.1 334.2 486.8 483.7 556.9 1,861.6 Items included in the above: Interest Income 27.1 30.8 29.3 27.5 114.7 30.3 28.3 30.6 27.6 116.8 Interest Expense 96.6 96.8 89.5 87.5 370.4 78.1 79.4 76.3 80.4 314.2 Retail gross margin rate excluding Petroleum 35.9% 35.7% 35.2% 34.2% 35.2% 36.1% 34.8% 35.8% 35.4% 35.5% EBITDA margin 10.1% 13.6% 13.0% 12.2% 12.3% 10.9% 12.8% 13.1% 13.4% 12.6%
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