Zenith Energy Income Statement

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	2.33	2.15	1.79	13.16	8.24	0.6
Revenue Growth (YoY)	73.97%	20.08%	-86.41%	59.72%	1282.38%	-18.91%
Cost of Revenue	2.16	1.7	1.74	6.9	2.22	1.65
Gross Profit	0.16	0.45	0.04	6.26	6.02	-1.06
Selling, General & Admin	2.95	3.75	10.69	11.45	7.67	5.73
Other Operating Expenses	-13.97	-13.97	0.4	0.4	0.35	-4.82
Operating Expenses	-10.61	-9.86	15.03	16.59	10.26	1.7
Operating Income	10.77	10.3	-14.98	-10.33	-4.25	-2.76
Interest Expense	-7.68	-7.95	-5.01	-2.76	-1.93	-1.08
Currency Exchange Gain (Loss)	4.1	8.16	-2.88	5.97	-0.39	-4.09
Other Non Operating Income (Expenses)	6.86	1.47	-	-	-	-
EBT Excluding Unusual Items	14.05	11.98	-22.87	-7.12	-6.57	-7.93
Merger & Restructuring Charges	-1.65	-1.77	-1.57	-1.7	-0.45	-1.02
Asset Writedown	-	-	-4.79	-1.97	-0.14	-21.38
Other Unusual Items	-13.27	-9.12	-13.14	-1.42	71.9	33.86
Pretax Income	-0.87	1.09	-42.37	-12.21	64.74	3.53
Income Tax Expense	-	-	-	0.62	0.3	0
Earnings From Continuing Operations	-0.87	1.09	-42.37	-12.83	64.44	3.53
Net Income	-0.87	1.09	-42.37	-12.83	64.44	3.53
Net Income to Common	-0.87	1.09	-42.37	-12.83	64.44	3.53
Net Income Growth	-	-	-	-	1728.00%	-
Shares Outstanding (Basic)	466	328	269	230	160	98
Shares Outstanding (Diluted)	466	328	269	230	322	118
Shares Change (YoY)	61.03%	21.75%	17.12%	-28.65%	174.20%	192.57%
EPS (Basic)	-0.00	0.00	-0.16	-0.06	0.40	0.04
EPS (Diluted)	-0.00	0.00	-0.16	-0.10	0.20	0.03
EPS Growth	-	-	-	-	566.67%	-
Free Cash Flow	-14.79	-11.38	-4.24	-16.27	-13.19	-9.87
Free Cash Flow Per Share	-0.03	-0.04	-0.02	-0.07	-0.04	-0.08
Gross Margin	7.05%	20.77%	2.46%	47.59%	73.03%	-177.01%
Operating Margin	463.16%	479.92%	-837.86%	-78.48%	-51.52%	-462.58%
Profit Margin	-37.27%	50.72%	-2369.52%	-97.48%	782.10%	591.44%
Free Cash Flow Margin	-635.77%	-530.18%	-237.30%	-123.67%	-160.04%	-1655.20%
EBITDA	11.19	10.67	-9.59	-4.94	-2	-1.6
EBITDA Margin	480.91%	496.97%	-	-37.53%	-24.31%	-268.12%
D&A For EBITDA	0.41	0.37	5.39	5.39	2.24	1.16
EBIT	10.77	10.3	-14.98	-10.33	-4.25	-2.76
EBIT Margin	463.16%	479.92%	-	-78.48%	-51.52%	-
Effective Tax Rate	-	-	-	-	0.46%	0.08%

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