Topaz Energy Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	319.39	299.8	306.69	356.74	198.61	89.64
Other Revenue	12.57	12.6	14.72	12.91	12.93	10.23
Revenue	331.97	312.4	321.42	369.65	211.54	99.88
Revenue Growth (YoY)	6.06%	-2.80%	-13.05%	74.74%	111.80%	17.37%
Cost of Revenue	7.1	7.35	6.9	6.37	4.25	4.21
Gross Profit	324.86	305.05	314.52	363.27	207.29	95.67
Selling, General & Admin	10.31	9.58	8.38	8.47	6.36	4.54
Other Operating Expenses	-6.6	-2.89	-13.19	1.87	5.94	2.04
Operating Expenses	215.31	208.5	215.78	221.28	169.7	92.95
Operating Income	109.56	96.55	98.74	142	37.59	2.72
Interest Expense	-27.2	-27.92	-29.81	-14.18	-3.37	-0.62
Pretax Income	82.32	68.63	68.93	127.82	34.22	2.1
Income Tax Expense	26.09	22.25	21.29	28.46	6.65	-0.99
Earnings From Continuing Operations	56.23	46.39	47.64	99.36	27.56	3.09
Net Income	56.23	46.39	47.64	99.36	27.56	3.09
Net Income to Common	56.23	46.39	47.64	99.36	27.56	3.09
Net Income Growth	-8.71%	-2.64%	-52.05%	260.45%	792.33%	-91.58%
Shares Outstanding (Basic)	153	147	144	143	124	90
Shares Outstanding (Diluted)	154	147	145	143	124	91
Shares Change (YoY)	5.55%	1.21%	1.44%	15.23%	37.34%	13.18%
EPS (Basic)	0.37	0.32	0.33	0.70	0.22	0.03
EPS (Diluted)	0.37	0.32	0.33	0.69	0.22	0.03
EPS Growth	-13.70%	-3.99%	-52.21%	213.64%	633.35%	-93.46%
Free Cash Flow	-127.53	-161.63	246.04	-36.81	-757.08	82.39
Free Cash Flow Per Share	-0.83	-1.10	1.69	-0.26	-6.09	0.91
Dividend Per Share	1.340	1.300	1.220	1.100	0.850	0.200
Dividend Growth	4.69%	6.56%	10.91%	29.41%	325.00%	-
Gross Margin	97.86%	97.65%	97.85%	98.28%	97.99%	95.79%
Operating Margin	33.00%	30.91%	30.72%	38.41%	17.77%	2.72%
Profit Margin	16.94%	14.85%	14.82%	26.88%	13.03%	3.09%
Free Cash Flow Margin	-38.42%	-51.74%	76.55%	-9.96%	-357.89%	82.49%
EBITDA	315.21	293	316.13	351.45	193.01	88.21
EBITDA Margin	94.95%	93.79%	98.36%	95.08%	91.24%	88.32%
D&A For EBITDA	205.65	196.45	217.39	209.46	155.42	85.49
EBIT	109.56	96.55	98.74	142	37.59	2.72
EBIT Margin	33.00%	30.91%	30.72%	38.41%	17.77%	2.72%
Effective Tax Rate	31.70%	32.41%	30.89%	22.27%	19.44%	-
Revenue as Reported	338.72	315.45	334.74	367.9	205.69	97.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.