Questerre 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	39.76	34.15	35.71	46.92	28.54	20.61
Revenue Growth (YoY)	19.15%	-4.35%	-23.90%	64.43%	38.46%	-34.01%
Cost of Revenue	19.19	15.16	16.08	15.31	11.78	11.95
Gross Profit	20.57	18.99	19.62	31.61	16.76	8.66
Selling, General & Admin	6	5.53	5.09	4.43	2.41	2.83
Operating Expenses	32.28	26.99	20.02	16.35	113.05	27.88
Operating Income	-11.71	-8	-0.4	15.27	-96.29	-19.21
Interest Expense	-	-	-	-	-0.43	-0.62
Interest & Investment Income	0.72	1.15	1.57	0.4	0.2	0.32
Earnings From Equity Investments	-0.47	-0.47	-1.23	-2.54	-	-
Other Non Operating Income (Expenses)	-	-	-	-	0.48	0.18
EBT Excluding Unusual Items	-11.46	-7.33	-0.06	13.12	-96.04	-19.33
Impairment of Goodwill	-	-	-	-	-	-2.3
Asset Writedown	-	-	-23.65	-0.86	91.74	-96.3
Other Unusual Items	-	-	-	1.8	-	0.3
Pretax Income	-14.15	-7.33	-23.71	14.07	-4.31	-117.63
Income Tax Expense	-	-	-	-	-0.01	-0.01
Net Income	-14.15	-7.33	-23.71	14.07	-4.3	-117.62
Net Income to Common	-14.15	-7.33	-23.71	14.07	-4.3	-117.62
Shares Outstanding (Basic)	429	429	429	429	428	428
Shares Outstanding (Diluted)	429	429	429	431	428	428
Shares Change (YoY)	-	-	-0.47%	0.58%	0.10%	2.54%
EPS (Basic)	-0.03	-0.02	-0.06	0.03	-0.01	-0.28
EPS (Diluted)	-0.03	-0.02	-0.06	0.03	-0.01	-0.28
Free Cash Flow	-13.92	-6.97	6.17	17.22	9.41	0.79
Free Cash Flow Per Share	-0.03	-0.02	0.01	0.04	0.02	0.00
Gross Margin	51.73%	55.62%	54.96%	67.38%	58.72%	42.04%
Operating Margin	-29.45%	-23.43%	-1.12%	32.54%	-337.45%	-93.23%
Profit Margin	-35.59%	-21.46%	-66.40%	29.98%	-15.07%	-570.74%
Free Cash Flow Margin	-35.01%	-20.40%	17.28%	36.70%	32.98%	3.81%
EBITDA	13.45	12.29	13.11	25.3	13.87	101.51
EBITDA Margin	33.84%	35.98%	36.73%	53.91%	48.61%	492.57%
D&A For EBITDA	25.16	20.29	13.51	10.03	110.16	120.73
EBIT	-11.71	-8	-0.4	15.27	-96.29	-19.21
EBIT Margin	-29.45%	-23.43%	-1.12%	32.54%	-	-93.23%
Revenue as Reported	39.76	34.15	35.71	46.92	28.54	20.61

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