Financials The Bank of Nova Scotia

Equities

BNS

CA0641491075

Banks

Market Closed - Toronto S.E. Other stock markets 21:16:57 16/01/2026 GMT			5-day change	1st Jan Change
102.18 ^CAD	0.00%		+1.55%	+0.94%

01-16	Dividend 15 Split Raises C$142.6 Million in Preferred Shares Offering	MT
01-16	Canadian Banc Completes Overnight Offering of $103.2 Million	MT

Projected Income Statement: The Bank of Nova Scotia

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	31,252	31,777	31,940	33,670	37,741	39,082	41,173	41,947
Change	-	1.68%	0.51%	5.42%	12.09%	3.55%	5.35%	1.88%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	14,634	14,990	13,677	14,852	17,150	17,768	18,754	19,361
Change	-	2.43%	-8.76%	8.59%	15.47%	3.6%	5.55%	3.23%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	12,826	12,932	9,754	9,924	10,509	13,710	15,114	16,205
Change	-	0.83%	-24.57%	1.74%	5.89%	30.46%	10.24%	7.22%
Net income ¹	9,391	9,656	6,991	7,286	7,283	9,759	10,827	11,637
Change	-	2.82%	-27.6%	4.22%	-0.04%	33.99%	10.95%	7.48%
Announcement Date	30/11/21	29/11/22	28/11/23	03/12/24	02/12/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: October	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	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
Net sales ¹	8,072	7,736	7,757	7,687	8,049	7,942	7,799	7,987	7,980	7,929	8,090	7,941	8,433	8,347	8,364	8,526	9,372	9,080	9,486	9,803	9,669	9,575	9,947	10,099	10,080	9,901	10,242	10,383
Change	-	-4.16%	0.27%	-0.9%	4.71%	-1.33%	-1.8%	2.41%	-0.09%	-0.64%	2.03%	-1.84%	6.2%	-1.02%	0.2%	1.94%	9.92%	-3.12%	4.47%	3.34%	-1.37%	-0.97%	3.88%	1.52%	-0.18%	-1.78%	3.44%	1.38%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,864	3,720	3,660	3,416	3,826	3,783	3,632	3,700	3,537	3,353	3,528	3,218	3,712	3,654	3,744	3,742	4,261	4,031	4,399	4,459	4,440	4,328	4,644	4,649	4,572	4,549	4,712	4,745
Change	-	-3.73%	-1.61%	-6.67%	12%	-1.12%	-3.99%	1.87%	-4.41%	-5.2%	5.22%	-8.79%	15.35%	-1.56%	2.46%	-0.05%	13.87%	-5.4%	9.13%	1.36%	-0.43%	-2.53%	7.31%	0.11%	-1.66%	-0.5%	3.58%	0.7%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	3,100	3,198	3,280	3,248	3,604	3,564	3,196	2,568	2,878	2,644	2,709	1,523	2,732	2,629	2,363	2,200	1,719	2,572	3,356	2,862	3,271	3,359	3,538	3,618	3,677	3,627	3,796	3,886
Change	-	3.16%	2.56%	-0.98%	10.96%	-1.11%	-10.33%	-19.65%	12.07%	-8.13%	2.46%	-43.78%	79.38%	-3.77%	-10.12%	-6.9%	-21.86%	49.62%	30.48%	-14.72%	14.29%	2.69%	5.34%	2.26%	1.63%	-1.38%	4.68%	2.35%
Net income ¹	2,265	2,289	2,426	2,411	2,608	2,595	2,504	1,949	1,631	2,029	2,086	1,245	2,066	-	1,756	1,521	1,025	1,841	2,313	2,104	2,319	2,390	2,522	2,580	2,624	2,593	2,724	2,798
Change	-	1.06%	5.99%	-0.62%	8.17%	-0.5%	-3.51%	-22.16%	-16.32%	24.4%	2.81%	-40.32%	65.94%	-	-	-13.38%	-32.61%	79.61%	25.64%	-9.04%	10.24%	3.06%	5.49%	2.33%	1.7%	-1.2%	5.07%	2.7%
Announcement Date	23/02/21	01/06/21	24/08/21	30/11/21	01/03/22	25/05/22	23/08/22	29/11/22	28/02/23	24/05/23	29/08/23	28/11/23	27/02/24	28/05/24	27/08/24	03/12/24	25/02/25	27/05/25	26/08/25	02/12/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: The Bank of Nova Scotia

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	30/11/21	29/11/22	28/11/23	03/12/24	02/12/25	-	-	-

Estimates

Cash Flow Forecast: The Bank of Nova Scotia

Fiscal Period: October	2020	2021	2022	2023	2024	2025
CAPEX ¹	771	462	571	442	489	347
Change	-	-40.08%	23.59%	-22.59%	10.63%	-29.04%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	01/12/20	30/11/21	29/11/22	28/11/23	03/12/24	02/12/25

¹CAD in Million

Estimates

Forecast Financial Ratios: The Bank of Nova Scotia

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	46.83%	47.17%	42.82%	44.11%	45.44%	45.46%	45.55%	46.16%
EBT Margin (%)	-	41.04%	40.7%	30.54%	29.47%	27.85%	35.08%	36.71%	38.63%
Net margin (%)	-	30.05%	30.39%	21.89%	21.64%	19.3%	24.97%	26.3%	27.74%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.83%	0.76%	0.57%	0.57%	0.62%	0.67%	0.73%	0.7%
ROE	-	14.7%	14.8%	11.7%	11.3%	11.8%	12.7%	13.47%	14.26%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	3.6	4.06	4.18	4.24	4.32	4.468	4.664	4.76
Change	-	-	12.78%	2.96%	1.44%	1.89%	3.43%	4.38%	2.07%
Book Value Per Share ¹	-	53.28	54.68	56.71	59.14	62.22	65.16	68.91	72.6
Change	-	-	2.63%	3.71%	4.28%	5.21%	4.73%	5.76%	5.34%
EPS ¹	-	7.7	8.02	5.78	5.87	5.67	7.916	9.062	9.724
Change	-	-	4.16%	-27.93%	1.56%	-3.41%	39.62%	14.47%	7.31%
Nbr of stocks (in thousands)	-	1,215,141	1,191,365	1,205,351	1,237,564	1,241,580	1,236,011	1,236,011	1,236,011
Announcement Date	-	30/11/21	29/11/22	28/11/23	03/12/24	02/12/25	-	-	-