Enbridge 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	65,194	53,473	43,649	53,309	47,071
Revenue Growth (YoY)	21.92%	22.51%	-18.12%	13.25%	20.43%
Cost of Revenue	38,036	29,040	21,366	32,589	28,702
Gross Profit	27,158	24,433	22,283	20,720	18,369
Selling, General & Admin	9,969	9,427	8,600	8,219	6,712
Depreciation & Amortization Expenses	5,661	5,167	4,613	4,317	3,852
Other Operating Expenses	570	190	419	3,006	-
Operating Income	10,958	9,649	8,651	5,178	7,805
Interest Income	2,224	2,304	1,816	2,056	1,600
Interest Expense	-5,023	-4,419	-3,812	-3,179	-2,655
Other Non-Operating Income (Expense)	1,634	-235	1,224	487	979
Total Non-Operating Income (Expense)	-1,165	-2,350	-772	-636	-76
Pretax Income	9,793	7,299	7,879	4,542	7,729
Provision for Income Taxes	2,004	1,668	1,821	1,604	1,415
Net Income	7,072	5,053	5,839	2,589	5,816
Minority Interest in Earnings	298	190	-133	-65	125
Net Income Attributable to Preferred Dividends	419	388	352	414	373
Net Income to Common	7,072	5,053	5,839	2,589	5,816
Net Income Growth	39.96%	-13.46%	125.53%	-55.48%	94.97%
Shares Outstanding (Basic)	2,180	2,155	2,056	2,025	2,023
Shares Outstanding (Diluted)	2,186	2,158	2,058	2,029	2,025
Shares Change (YoY)	1.30%	4.86%	1.43%	0.20%	0.20%
EPS (Basic)	3.23	2.34	2.84	1.28	2.87
EPS (Diluted)	3.22	2.34	2.84	1.28	2.87
EPS Growth	37.61%	-17.61%	121.88%	-55.40%	93.92%
Free Cash Flow	3,297	5,889	9,547	6,583	1,438
Free Cash Flow Growth	-44.01%	-38.32%	45.02%	357.79%	-67.14%
Free Cash Flow Per Share	1.51	2.73	4.64	3.24	0.71
Dividends Per Share	3.770	3.660	3.550	3.440	3.340
Dividend Growth	3.00%	3.10%	3.20%	2.99%	3.09%
Gross Margin	41.66%	45.69%	51.05%	38.87%	39.02%
Operating Margin	16.81%	18.04%	19.82%	9.71%	16.58%
Profit Margin	11.95%	10.53%	13.88%	5.51%	13.41%
FCF Margin	5.06%	11.01%	21.87%	12.35%	3.05%
EBITDA	16,619	14,816	13,264	9,495	11,657
EBITDA Margin	25.49%	27.71%	30.39%	17.81%	24.76%
EBIT	10,958	9,649	8,651	5,178	7,805
EBIT Margin	16.81%	18.04%	19.82%	9.71%	16.58%
Effective Tax Rate	20.46%	22.85%	23.11%	35.31%	18.31%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.