Cenovus Energy Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	49,696	54,277	52,204	66,897	46,357
Revenue Growth (YoY)	-8.44%	3.97%	-21.96%	44.31%	242.30%
Cost of Revenue	39,024	43,482	41,208	50,900	36,080
Gross Profit	10,672	10,795	10,996	15,997	10,277
Selling, General & Admin	812	794	688	865	849
Other Operating Expenses	206	283	281	1,812	1,194
Operating Expenses	6,251	6,017	5,655	7,091	6,005
Operating Income	4,421	4,778	5,341	8,906	4,272
Interest Expense	-418	-424	-503	-636	-728
Interest & Investment Income	141	170	133	81	23
Earnings From Equity Investments	53	66	51	15	57
Currency Exchange Gain (Loss)	361	-462	67	-343	174
Other Non Operating Income (Expenses)	75	20	31	167	155
EBT Excluding Unusual Items	4,633	4,148	5,120	8,190	3,953
Merger & Restructuring Charges	-234	-166	-85	-106	-349
Gain (Loss) on Sale of Assets	87	119	-20	269	229
Asset Writedown	-	-	-	183	-1,942
Other Unusual Items	-9	-30	25	-133	-696
Pretax Income	4,477	4,071	5,040	8,731	1,315
Income Tax Expense	547	929	931	2,281	728
Earnings From Continuing Operations	3,930	3,142	4,109	6,450	587
Net Income	3,930	3,142	4,109	6,450	587
Preferred Dividends & Other Adjustments	14	36	36	35	34
Net Income to Common	3,916	3,106	4,073	6,415	553
Net Income Growth	25.08%	-23.53%	-36.30%	998.81%	-
Shares Outstanding (Basic)	1,810	1,850	1,895	1,951	2,016
Shares Outstanding (Diluted)	1,820	1,863	1,940	2,006	2,045
Shares Change (YoY)	-2.33%	-3.95%	-3.31%	-1.90%	66.42%
EPS (Basic)	2.16	1.68	2.15	3.29	0.27
EPS (Diluted)	2.15	1.67	2.09	3.20	0.27
EPS Growth	28.93%	-20.29%	-34.58%	1085.19%	-
Free Cash Flow	3,321	4,220	3,090	7,695	3,356
Free Cash Flow Per Share	1.82	2.27	1.59	3.84	1.64
Dividend Per Share	0.780	0.815	0.525	0.464	0.088
Dividend Growth	-4.29%	55.24%	13.15%	427.27%	39.68%
Gross Margin	21.48%	19.89%	21.06%	23.91%	22.17%
Operating Margin	8.90%	8.80%	10.23%	13.31%	9.21%
Profit Margin	7.88%	5.72%	7.80%	9.59%	1.19%
Free Cash Flow Margin	6.68%	7.78%	5.92%	11.50%	7.24%
EBITDA	9,525	9,583	9,912	13,098	8,092
EBITDA Margin	19.17%	17.66%	18.99%	19.58%	17.46%
D&A For EBITDA	5,104	4,805	4,571	4,192	3,820
EBIT	4,421	4,778	5,341	8,906	4,272
EBIT Margin	8.90%	8.80%	10.23%	13.31%	9.21%
Effective Tax Rate	12.22%	22.82%	18.47%	26.13%	55.36%
Revenue as Reported	-	-	-	66,897	46,357

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