BCBusiness

54 B C B U S I N E S S . C A J U LY/A U G U S T 2 0 24 e=estimate, c=converted from US$ at 1.3497 (2023) and 1.3013 (2022); NA=not applicable; NP=not provided; NR=not ranked; revenue is by fiscal year FINANCE RANK COMPANY REVENUE 2023 ($000) REVENUE 2022 ($000) 1 Insurance Corporation of British Columbia 5,425,219 4,903,772 2 WorkSafeBC 4,605,488 1,922,278 3 HSBC Bank Canada 2,654,000 2,548,000 4 PBC Health Benefits Society 2,096,346 1,768,800 5 Canaccord Genuity Group 1,510,397 2,046,002 6 British Columbia Investment Management Corp. 827,345 937,399 7 Raymond James 759,881 c 705,305 8 Vancity Credit Union 489,699 561,003 9 Coast Capital Savings Federal Credit Union 483,736 526,588 10 Central 1 Credit Union 431,581 264,080 e=estimate, c=converted from US$ at 1.3497 (2023) and 1.3013 (2022); NA=not applicable; NP=not provided; NR=not ranked; revenue is by fiscal year MANUFACTURING + TRANSPORT RANK COMPANY REVENUE 2023 ($000) REVENUE 2022 ($000) 1 Finning International 10,527,000 9,279,000 2 Premium Brands Holdings Corp. 6,261,000 6,029,800 3 Methanex Corporation 5,025,574 c 5,609,904 4 Ledcor Group of Companies 5,000,000 5,000,000 5 Mark Anthony Group of Companies 4,700,000 ce NP 6 Futura Corp. 3,300,000 3,300,000 7 Adentra 3,022,416 c 3,356,792 8 South Coast B.C. Transportation Authority 2,626,493 2,134,507 9 Doman Building Materials Group 2,491,164 3,039,017 10 Teekay Corporation 1,977,277 c 1,548,786 e=estimate, c=converted from US$ at 1.3497 (2023) and 1.3013 (2022); NA=not applicable; NP=not provided; NR=not ranked; revenue is by fiscal year SCIENCE + TECHNOLOGY RANK COMPANY REVENUE 2023 ($000) REVENUE 2022 ($000) 1 Telus International (Cda) 3,654,988 c 3,211,608 2 Paladin Technologies 539,880 ce NP 3 Stemcell Technologies 523,000 412,307 4 Westport Fuel Systems 447,830 c 397,805 5 Themis Solutions (Clio) 309,621 ce 186,997 6 Vecima Networks 303,437 186,814 7 Aurinia Pharmaceuticals 236,890 175,211 8 Absolute Software 228,774 c 256,761 9 Zymeworks 102,593 c 536,763 10 East Side Games 86,978 116,300 ON THE RISE Industrial equipment seller RB Global (formerly Ritchie Bros. Auctioneers) has seen revenue more than double since 2022 The trend line is especially evident in the results for the province's natural resource producers. Revenues for mining, forestry and energy companies were down almost across the board, and the profit pic- ture looked even worse. You can even see it in donations to the province's largest chari- ties (p.58), which are noticeably down from recent years. This is not to say there aren't bright spots in this year's Top 100. Several stal- wart performers, especially those that sell directly to consumers, continued to grind out higher revenues and, in a few cases, higher earnings. Exhibit A is Lululemon Athletica, which, if it can maintain the growth rate it saw over the last decade, will be B.C.'s largest company before long (to match its status as the most valuable company—more on that on page 58). That's despite solid revenue growth from the cur- rent list-toppers, Telus Corp. and Jim Pat- tison Group. Speaking of standouts, industrial equip- ment reseller RB Global, formerly Ritchie Bros. Auctioneers, more than doubled its revenues last year thanks mainly to its US$7 billion takeover of Chicago-based IAA, a digital sales platform for cars. The question now is whether the organization will main- tain its Canadian headquarters, with man- agement increasingly clustered stateside. Pan American Silver likewise moved up the list as a result of its acquisition of Yamana Gold (minus Yamana's Canadian assets, which went to Agnico Eagle Mines of Toronto). The addition of Yamana's properties in Argentina, Chile and Brazil helped push Pan American's revenues up by 60 percent. A d o b e S t o c k /a b o u t m o m e n t s i m a g e s ▶ CONTINUED FROM PAGE 49

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