Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q4 2025 Earnings Presentation
24 slides from Canadian Tire's earnings presentation, Feb 19, 2026
Slide 1: Canadian Tire Corporation Q4 2025 & FY 2025 Financial Results and Segment Eliminations
Canadian Tire Corporation Q4 2025 & FY 2025 Financial Results and Segment Eliminations
Slide 2: Executive Participants
Executive Participants Greg Hicks President & Chief Executive Officer, Canadian Tire Corporation Darren Myers Executive Vice President & Chief Financial Officer, Canadian Tire Corporation 2
Slide 3: Table of Contents
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 3
Slide 4: Q4 and FY 2025: Reported Diluted EPS Bridge and Key Impacts
Q4 and FY 2025: Reported Diluted EPS Bridge and Key Impacts 4
Slide 5: Q4 2024 to Q4 2025 Reported Diluted EPS Bridge and Key Impacts
Q4 2024 to Q4 2025 Reported Diluted EPS Bridge and Key Impacts Q4 2025 Normalized Diluted EPS from Continuing Operations1 up $1.23 to $4.47 Q4 2024 Normalizing Items: Q4 2025 Reported Diluted EPS down $(3.47) to $3.90 (+) Property sale gain: $222.9M 1 (equivalent to Diluted EPS of Fourth Quarter: 20
Slide 6: FY 2024 to FY 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 2024 Normalizing Items: FY 2025 Reported Diluted EPS down $(6.25) to $9.67 1 (+) Property sale gain: $222.9M (equivalent to Diluted EPS of Full Year: 2024 to
Slide 7: Q4 2025 & FY 2025 Financial Results
Q4 2025 & FY 2025 Financial Results 7
Slide 8: Q4 2025 & FY 2025 Consolidated Financial Results
Q4 2025 & FY 2025 Consolidated Financial Results (C$ in millions, except where noted) Q4 2025 Q4 2024 Change 2025 2024 Change Retail sales 1 $ 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 $ 1,576.6 $ 1,361.4 15
Slide 9: Q4 2025 & FY 2025 Normalizing Items
Q4 2025 & FY 2025 Normalizing Items In relation to the True North strategy, the Company recorded a transformation charge of $125.1 million on a full year basis for restructuring costs, which includes severance and costs for optimization of the SportChek store portfolio, including closing standalone
Slide 10: Q4 2025 Normalized Metrics – Consolidated
Q4 2025 Normalized Metrics – Consolidated (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) Q4 2025 Items1 Q4 20252 Q4 2024 Items1 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
Slide 11: FY 2025 Normalized Metrics – Consolidated
FY 2025 Normalized Metrics – Consolidated (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) 2025 Items1 20252 2024 Items1 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,
Slide 12: Q4 2025 & FY 2025 Retail Segment Results
Q4 2025 & FY 2025 Retail Segment Results* (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
Slide 13: Q4 2025 Normalized Metrics: Retail Segment Results
Q4 2025 Normalized Metrics: Retail Segment Results* (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) Q4 2025 Items1 Q4 20252 Q4 2024 Items1 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 2,6
Slide 14: FY 2025 Normalized Metrics: Retail Segment Results
FY 2025 Normalized Metrics: Retail Segment Results* (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) 2025 Items1 20252 2024 Items1 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
Slide 15: Q4 2025 & FY 2025 Financial Services Results
Q4 2025 & FY 2025 Financial Services Results (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
Slide 16: Q4 2025 Normalized Metrics: Financial Services Results
Q4 2025 Normalized Metrics: Financial Services Results (C$ in millions, except where Normalizing Normalized Normalizing Normalized noted) Q4 2025 Items1 Q4 20252 Q4 2024 Items1 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.
Slide 17: FY 2025 Normalized Metrics: Financial Services Results
FY 2025 Normalized Metrics: Financial Services Results (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) 2025 Items1 20252 2024 Items1 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 % G
Slide 18: Q4 2025 & FY 2025 Segment Eliminations
Q4 2025 & FY 2025 Segment Eliminations 18
Slide 19: Q4 2025 Segment Reporting Note Disclosure
Q4 2025 Segment Reporting Note Disclosure* CT REIT Financial Services Financial eliminations and eliminations and (C$ in millions) Retail Services CT REIT adjustments1 adjustments2 Total Total revenue $4,150.7 $404.8 $153.0 ($136.7) ($20.7) $4,551.1 Cost of producing revenue 2,789.7 209.4 — — (24.6)
Slide 20: FY 2025 Segment Reporting Note Disclosure
FY 2025 Segment Reporting Note Disclosure* Financial CT REIT Services Financial eliminations and eliminations and (C$ in millions) Retail Services CT REIT adjustments1 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 — — (9
Slide 21: Normalized Results from Continuing Operations
Normalized Results from Continuing Operations 21
Slide 22: Consolidated Normalized Results from Continuing Operations
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 basi
Slide 23: Retail Segment Normalized Results from Continuing Operations
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 ba
Slide 24: For more information: investors.canadiantire.ca
For more information: http://investors.canadiantire.ca