Rubellite 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
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
Operating Revenue	211.69	148.11	80.46	48.78	13.3
Other Revenue	0.76	0.18	-	-	-
Revenue	212.45	148.29	80.46	48.78	13.3
Revenue Growth (YoY)	75.39%	84.31%	64.94%	266.86%	-
Cost of Revenue	29.54	16.69	7.37	4.4	2.41
Gross Profit	182.91	131.6	73.08	44.38	10.89
Selling, General & Admin	39.45	26.94	16.36	7.76	3.26
Other Operating Expenses	1.65	5.73	-6.2	11.03	3.73
Operating Expenses	139.68	86.64	47.7	34.08	12.07
Operating Income	43.22	44.96	25.38	10.3	-1.18
Interest Expense	-10.31	-6.97	-1.92	-0.34	-
Interest & Investment Income	-	-	-	-	0.06
Currency Exchange Gain (Loss)	-4.35	-4.35	2	-0.15	-
EBT Excluding Unusual Items	28.56	33.65	25.46	9.81	-1.12
Merger & Restructuring Charges	-4.36	-6.23	-0.15	-	-3.21
Other Unusual Items	31.62	31.62	1.29	-	-
Pretax Income	61.33	59.03	26.6	9.81	-4.33
Income Tax Expense	11.72	9.06	8.04	-14.8	-27.44
Net Income	49.61	49.97	18.56	24.61	23.11
Net Income to Common	49.61	49.97	18.56	24.61	23.11
Net Income Growth	51.48%	169.24%	-24.56%	6.49%	-
Shares Outstanding (Basic)	91	69	60	52	23
Shares Outstanding (Diluted)	93	70	61	52	23
Shares Change (YoY)	44.90%	14.15%	16.40%	125.89%	-
EPS (Basic)	0.55	0.73	0.31	0.47	1.02
EPS (Diluted)	0.54	0.72	0.30	0.47	0.99
EPS Growth	5.95%	140.00%	-36.17%	-52.52%	-
Free Cash Flow	10.82	-10.02	-16.14	-70.34	-48.73
Free Cash Flow Per Share	0.12	-0.14	-0.26	-1.34	-2.10
Gross Margin	86.09%	88.74%	90.84%	90.98%	81.90%
Operating Margin	20.34%	30.32%	31.55%	21.12%	-8.87%
Profit Margin	23.35%	33.70%	23.07%	50.44%	173.78%
Free Cash Flow Margin	5.09%	-6.76%	-20.06%	-144.20%	-366.49%
EBITDA	132.87	94.81	52.87	23.77	2.99
EBITDA Margin	62.54%	63.94%	65.71%	48.72%	22.47%
D&A For EBITDA	89.64	49.85	27.49	13.46	4.17
EBIT	43.22	44.96	25.38	10.3	-1.18
EBIT Margin	20.34%	30.32%	31.55%	21.12%	-8.87%
Effective Tax Rate	19.11%	15.35%	30.23%	-	-
Revenue as Reported	207.83	138.62	88.79	37.66	9.59

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