NXT Energy Solutions Inc. (NSFDF)

NXT Energy Solutions 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	16.35	0.64	2.15	-	3.13
Revenue Growth (YoY)	2437.86%	-69.97%	-	-	2195.04%
Cost of Revenue	5.76	2.02	2.25	1.18	1.22
Gross Profit	10.59	-1.38	-0.1	-1.18	1.91
Selling, General & Admin	4.33	4.05	3.42	3.74	3.66
Amortization of Goodwill & Intangibles	1.92	1.89	1.76	1.77	1.78
Other Operating Expenses	0.01	-0	0	-	0.02
Operating Expenses	6.26	5.93	5.18	5.51	5.45
Operating Income	4.34	-7.31	-5.29	-6.68	-3.54
Interest Expense	-0.52	-0.75	-0.16	-0.04	-0.04
Currency Exchange Gain (Loss)	0.03	-0.57	0.01	0.02	-0.01
Other Non Operating Income (Expenses)	-5.67	-0.31	-0.01	-0.03	-
EBT Excluding Unusual Items	-1.81	-8.94	-5.45	-6.73	-3.59
Gain (Loss) on Sale of Assets	-0.01	-0.14	-	-	-
Other Unusual Items	-	-	-	-	0.47
Pretax Income	-1.82	-9.08	-5.45	-6.73	-3.12
Income Tax Expense	0.5	-	-	-	-
Net Income	-2.32	-9.08	-5.45	-6.73	-3.12
Net Income to Common	-2.32	-9.08	-5.45	-6.73	-3.12
Shares Outstanding (Basic)	96	78	78	66	65
Shares Outstanding (Diluted)	96	78	78	66	65
Shares Change (YoY)	23.23%	0.80%	18.36%	1.46%	0.39%
EPS (Basic)	-0.02	-0.12	-0.07	-0.10	-0.05
EPS (Diluted)	-0.02	-0.12	-0.07	-0.10	-0.05
Free Cash Flow	1.07	-4	-4.86	-2.93	-1.03
Free Cash Flow Per Share	0.01	-0.05	-0.06	-0.04	-0.02
Gross Margin	64.78%	-213.80%	-4.82%	-	60.94%
Operating Margin	26.53%	-1134.35%	-246.35%	-	-113.04%
Profit Margin	-14.17%	-1408.95%	-254.05%	-	-99.67%
Free Cash Flow Margin	6.57%	-620.31%	-226.70%	-	-32.96%
EBITDA	6.26	-5.42	-3.52	-4.91	-1.76
EBITDA Margin	38.29%	-	-164.26%	-	-56.29%
D&A For EBITDA	1.92	1.89	1.76	1.77	1.78
EBIT	4.34	-7.31	-5.29	-6.68	-3.54
EBIT Margin	26.53%	-	-246.35%	-	-113.04%

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