Enbridge Inc. (ENNPF)

Enbridge Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	9,676	9,239	8,465	7,980	6,541
Operating Expenses	15,337	14,406	13,078	12,297	10,393
Operating Income	11,821	10,027	9,205	8,423	7,976
Interest Expense	-5,023	-4,419	-3,812	-3,179	-2,655
Earnings From Equity Investments	2,224	2,304	1,816	2,056	1,600
Currency Exchange Gain (Loss)	708	-2,078	692	-1,002	286
Other Non Operating Income (Expenses)	633	564	397	174	224
EBT Excluding Unusual Items	10,363	6,398	8,298	6,472	7,431
Merger & Restructuring Charges	-	-	-	-	-21
Impairment of Goodwill	-	-	-	-2,465	-
Gain (Loss) on Sale of Investments	-	1,091	-	1,076	-
Gain (Loss) on Sale of Assets	-	-	-	-	319
Asset Writedown	-570	-190	-419	-541	-
Pretax Income	9,793	7,299	7,879	4,542	7,729
Income Tax Expense	2,004	1,668	1,821	1,604	1,415
Earnings From Continuing Operations	7,789	5,631	6,058	2,938	6,314
Minority Interest in Earnings	-298	-190	133	65	-125
Net Income	7,491	5,441	6,191	3,003	6,189
Preferred Dividends & Other Adjustments	447	388	352	414	373
Net Income to Common	7,044	5,053	5,839	2,589	5,816
Net Income Growth	37.68%	-12.11%	106.16%	-51.48%	84.03%
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%	122.13%	-55.45%	94.35%
Free Cash Flow	3,297	5,889	9,547	6,583	1,438
Free Cash Flow Per Share	1.51	2.73	4.64	3.24	0.71
Dividend 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	18.13%	18.75%	21.09%	15.80%	16.95%
Profit Margin	10.80%	9.45%	13.38%	4.86%	12.36%
Free Cash Flow Margin	5.06%	11.01%	21.87%	12.35%	3.06%
EBITDA	17,482	15,194	13,818	12,740	11,828
EBITDA Margin	26.82%	28.41%	31.66%	23.90%	25.13%
D&A For EBITDA	5,661	5,167	4,613	4,317	3,852
EBIT	11,821	10,027	9,205	8,423	7,976
EBIT Margin	18.13%	18.75%	21.09%	15.80%	16.95%
Effective Tax Rate	20.46%	22.85%	23.11%	35.32%	18.31%
Revenue as Reported	65,194	53,473	43,649	53,309	47,071

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.