Tenaz 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
Revenue	183.48	57.73	60	28.14	15.75	7.96
Revenue Growth (YoY)	194.52%	-3.79%	113.20%	78.62%	97.89%	-65.55%
Cost of Revenue	85.29	34.54	25.62	9.33	5.72	5.03
Gross Profit	98.18	23.19	34.37	18.81	10.04	2.93
Selling, General & Admin	8.72	9.57	7.38	5.06	2.27	1.59
Other Operating Expenses	15.31	4.99	5.26	1.94	3.16	-1.55
Operating Expenses	99.81	38.46	34.47	14.7	10.99	8.8
Operating Income	-1.62	-15.27	-0.1	4.11	-0.95	-5.87
Interest Expense	-12.01	-0.45	-	-0.1	-0.29	-0.3
Interest & Investment Income	-	-	1	-	-	-
Earnings From Equity Investments	4.77	4.38	3.51	-	-	-
Currency Exchange Gain (Loss)	1.66	-0.47	-0.31	0.32	-	-
EBT Excluding Unusual Items	-7.2	-11.81	4.11	4.34	-1.24	-6.16
Merger & Restructuring Charges	-14.36	-4.76	-3.76	-2.68	-1.25	-
Gain (Loss) on Sale of Assets	-	-	-	-	0.8	1.12
Asset Writedown	-	-	-	4.24	10.02	-15.52
Other Unusual Items	209.96	-0.47	20.65	-	-	-
Pretax Income	188.41	-17.04	21	5.9	8.34	-20.55
Income Tax Expense	-13.61	-9.33	-5.55	0.66	-	-1.56
Net Income	202.02	-7.71	26.55	5.24	8.34	-18.99
Net Income to Common	202.02	-7.71	26.55	5.24	8.34	-18.99
Net Income Growth	10885.37%	-	406.91%	-37.20%	-	-
Shares Outstanding (Basic)	28	27	27	28	15	11
Shares Outstanding (Diluted)	31	27	29	29	15	11
Shares Change (YoY)	13.63%	-6.71%	0.61%	94.12%	36.58%	-0.88%
EPS (Basic)	7.24	-0.28	0.97	0.18	0.57	-1.74
EPS (Diluted)	6.43	-0.28	0.91	0.18	0.56	-1.74
EPS Growth	9989.17%	-	405.56%	-67.86%	-	-
Free Cash Flow	42.67	-14.51	-9.68	-7.75	-6.45	-5.47
Free Cash Flow Per Share	1.36	-0.54	-0.33	-0.27	-0.43	-0.50
Gross Margin	53.51%	40.17%	57.29%	66.85%	63.72%	36.84%
Operating Margin	-0.88%	-26.46%	-0.16%	14.62%	-6.03%	-73.67%
Profit Margin	110.11%	-13.36%	44.25%	18.61%	52.93%	-238.59%
Free Cash Flow Margin	23.26%	-25.14%	-16.13%	-27.56%	-40.92%	-68.69%
EBITDA	85.22	10.96	25.37	10.79	4.25	2.77
EBITDA Margin	46.45%	18.98%	42.29%	38.34%	26.96%	34.74%
D&A For EBITDA	86.84	26.23	25.47	6.67	5.2	8.63
EBIT	-1.62	-15.27	-0.1	4.11	-0.95	-5.87
EBIT Margin	-0.88%	-26.46%	-0.16%	14.62%	-6.03%	-73.67%
Effective Tax Rate	-	-	-	11.16%	-	-
Revenue as Reported	125.75	-	-	-	-	9.67

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