Pine Cliff 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	167.06	180.2	174.05	274.23	150.71	101.05
Revenue Growth (YoY)	-6.19%	3.54%	-36.53%	81.96%	49.14%	-1.67%
Cost of Revenue	120.09	123.54	109.35	102.3	80.92	82.14
Gross Profit	46.97	56.66	64.7	171.93	69.79	18.91
Selling, General & Admin	9.39	10.3	7.5	6.82	5.81	5.73
Other Operating Expenses	7.92	8.59	6.87	6.16	5.37	5.46
Operating Expenses	67.7	75.55	61.15	59.51	53.17	56.6
Operating Income	-20.73	-18.88	3.55	112.43	16.62	-37.69
Interest Expense	-7.71	-8.81	-0.76	-2.5	-4.98	-5.29
Interest & Investment Income	-	-	2.21	0.5	-	-
Other Non Operating Income (Expenses)	-	-	-	5.14	5	0.77
EBT Excluding Unusual Items	-28.44	-27.69	5.01	115.56	16.63	-42.21
Gain (Loss) on Sale of Assets	8.23	7.45	-	2.5	0.17	-
Asset Writedown	-7	-7	-2.45	4.5	13.98	-7.9
Pretax Income	-27.21	-27.24	2.56	122.56	30.78	-50.11
Income Tax Expense	-5.74	-5.79	-6.56	13.62	-50.64	-
Net Income	-21.48	-21.45	9.12	108.94	81.42	-50.11
Net Income to Common	-21.48	-21.45	9.12	108.94	81.42	-50.11
Net Income Growth	-	-	-91.63%	33.80%	-	-
Shares Outstanding (Basic)	358	357	354	346	337	330
Shares Outstanding (Diluted)	358	357	359	360	348	330
Shares Change (YoY)	0.44%	-0.56%	-0.18%	3.37%	5.45%	3.45%
EPS (Basic)	-0.06	-0.06	0.03	0.31	0.24	-0.15
EPS (Diluted)	-0.06	-0.06	0.03	0.30	0.23	-0.15
EPS Growth	-	-	-91.41%	30.44%	-	-
Free Cash Flow	19.88	20.62	-63.67	120.26	4.77	1.27
Free Cash Flow Per Share	0.06	0.06	-0.18	0.33	0.01	0.00
Dividend Per Share	0.037	0.072	0.130	0.070	-	-
Dividend Growth	-57.29%	-44.88%	85.71%	-	-	-
Gross Margin	28.12%	31.44%	37.18%	62.70%	46.31%	18.71%
Operating Margin	-12.41%	-10.48%	2.04%	41.00%	11.03%	-37.30%
Profit Margin	-12.86%	-11.90%	5.24%	39.73%	54.03%	-49.59%
Free Cash Flow Margin	11.90%	11.44%	-36.58%	43.85%	3.16%	1.26%
EBITDA	34.15	43.38	54.35	162.66	62.98	13.17
EBITDA Margin	20.44%	24.07%	31.23%	59.31%	41.79%	13.04%
D&A For EBITDA	54.88	62.26	50.8	50.23	46.37	50.87
EBIT	-20.73	-18.88	3.55	112.43	16.62	-37.69
EBIT Margin	-12.41%	-10.48%	2.04%	41.00%	11.03%	-37.30%
Effective Tax Rate	-	-	-	11.11%	-	-
Revenue as Reported	167.06	180.2	176.26	274.73	150.71	101.05

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