Keyera 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	6,854	7,138	7,053	7,060	4,985
Revenue Growth (YoY)	-3.98%	1.21%	-0.10%	41.63%	65.47%
Cost of Revenue	5,473	5,753	5,620	5,884	3,940
Gross Profit	1,381	1,386	1,433	1,176	1,045
Selling, General & Admin	128.61	117.14	106.49	82.84	80.7
Other Operating Expenses	12.88	13.09	11.69	11.34	12.26
Operating Expenses	560.23	545.07	491.6	385.73	377.63
Operating Income	820.88	840.53	941.34	790.05	667.67
Interest Expense	-229.02	-207.37	-193.63	-155.07	-156.65
Interest & Investment Income	49.15	2.93	1.32	1.31	-
Currency Exchange Gain (Loss)	14.06	-9.26	11.47	-21.55	0.57
Other Non Operating Income (Expenses)	-57.11	-	-0.31	-0.79	-0.4
EBT Excluding Unusual Items	597.97	626.84	760.19	613.95	511.2
Merger & Restructuring Charges	-28.97	-	-	-	-
Impairment of Goodwill	-	-	-	-8.8	-14.95
Gain (Loss) on Sale of Assets	-	11.68	-	-0.48	20.8
Asset Writedown	-	-3.4	-213.51	-171.48	-100.82
Other Unusual Items	-	-	-	-	10.04
Pretax Income	569	635.12	546.68	433.2	426.26
Income Tax Expense	136.66	148.49	122.65	104.91	102.06
Net Income	432.34	486.63	424.03	328.29	324.21
Net Income to Common	432.34	486.63	424.03	328.29	324.21
Net Income Growth	-11.16%	14.76%	29.16%	1.26%	422.66%
Shares Outstanding (Basic)	229	229	229	221	221
Shares Outstanding (Diluted)	229	229	229	221	221
Shares Change (YoY)	0.02%	-	3.55%	0.12%	0.26%
EPS (Basic)	1.89	2.12	1.85	1.48	1.47
EPS (Diluted)	1.89	2.12	1.85	1.48	1.47
EPS Growth	-11.03%	14.59%	25.00%	0.90%	423.87%
Free Cash Flow	279.45	1,013	272.8	29.4	67.21
Free Cash Flow Per Share	1.22	4.42	1.19	0.13	0.30
Dividend Per Share	2.120	2.040	1.960	1.920	1.920
Dividend Growth	3.92%	4.08%	2.08%	-	-
Gross Margin	20.15%	19.41%	20.32%	16.65%	20.97%
Operating Margin	11.98%	11.77%	13.35%	11.19%	13.39%
Profit Margin	6.31%	6.82%	6.01%	4.65%	6.50%
Free Cash Flow Margin	4.08%	14.20%	3.87%	0.42%	1.35%
EBITDA	1,164	1,162	1,236	1,021	893.99
EBITDA Margin	16.98%	16.27%	17.52%	14.46%	17.93%
D&A For EBITDA	342.71	320.97	294.36	230.85	226.32
EBIT	820.88	840.53	941.34	790.05	667.67
EBIT Margin	11.98%	11.77%	13.35%	11.19%	13.39%
Effective Tax Rate	24.02%	23.38%	22.43%	24.22%	23.94%

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