ON THE RISE
Crown corporations
like BC Housing Man
agement Commision
soared in this year's
Top 100, with the
agency totalling $1.38
billion in net earnings
Metals, Arc'teryx Equipment and Ventana
Construction Corp. (Find the Top 10 Gainers
on page 34.)
PUBLIC-SECTOR PROFITS
Gold miners likewise outperformed as a
group in terms of profitability. But a more
surprising story hidden in our data (for
companies that disclose their earnings,
at least) is the fact that four of the top five
organizations by total dollar earnings were
Crown corporations. Following Lululemon
Athletica and its nearly $2.5 billion in net
earnings ranked B.C. Lottery Corp. ($1.54
billion), the Insurance Corporation of B.C.
($1.46 billion), the BC Housing Management
Commission ($1.38 billion) and the B.C.
Liquor Distribution Branch ($1.15 billion).
Make of that what you will, though we
should note that the fiscal year-end for most
provincial Crowns is March 31, meaning
that their 2024 numbers are older than
most of their Top 100 peers, reflecting
nine months of operations that took place
in the 2023 calendar year.
Measuring profitability another way—
using net earnings as a percentage of total
revenues—gives us a somewhat different
picture of the province's most profitable
companies. Here copper producer Ivanhoe
DISCLAIMER
BCBusiness prepares the Top 100 list using various
sources and available information disclosed
by companies, but it makes no representation
regarding the completeness, accuracy or
timeliness of any information presented
CHARITIES
RANK ORGANIZATION
RECEIPTED DONATIONS
2024 ($000)
TOTAL REVENUE 2024
($000)
1 BC Children's Hospital Foundation 46,847 140,279
2 VGH & UBC Hospital Foundation 46,390 127,106
3 BC Cancer Foundation 42,585 84,958
4 BC SPCA 39,337 67,107
5 University of British Columbia 35,021 3,731,140
6 Union Gospel Mission 26,418 42,545
7 Power to Change Ministries 21,299 45,232
8 Terry Fox Foundation 21,180 41,034
9 Jewish Federation of Greater Vancouver 15,931 48,748
10 Roman Catholic Archbishop of Vancouver 15,406 34,994
c=converted from US$; as of market close, March 31, 2025
MARKET CAP
RANK COMPANY TICKER
MARKET CAPITALIZATION
(C$ MILLIONS)
1 Wheaton Precious Metals TSX:WPM 50,660
2 Lululemon Athletica NASDAQ:LULU 46,806 c
3 Telus Corp. TSX:T 31,250
4 RB Global TSX:RBA 26,740
5 Teck Resources TSX:TECK 26,550
6 Ivanhoe Mines TSX:IVN 16,530
7 First Quantum Minerals TSX:FM 16,140
8 Pan American Silver TSX:PAAS 13,470
9 Lundin Gold TSX:LUG 10,720
10 Lundin Mining TSX:LUN 10,100
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