ATCO Ltd. Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,747	3,444	3,578	3,669	3,393
Revenue Growth (YoY)	8.81%	-3.76%	-2.46%	8.11%	9.53%
Fuel and Purchased Power Expense	241.16	232.04	292.08	356.68	325.97
Operations and Maintenance Expenses	1,498	1,355	1,263	1,216	1,164
Gross Profit	2,008	1,857	2,023	2,096	1,904
Depreciation & Amortization Expenses	1,029	565.13	612.08	528.39	567.28
Taxes Other than Income Tax	286.33	264.79	278.49	296.25	266.63
Other Operating Expenses	236.06	234.83	406.79	374.37	306.19
Operating Income	456.08	792.29	725.29	896.86	763.5
Interest Income	137.7	127.52	120.76	103.17	70.42
Interest Expense	-405.08	-381.86	-377.36	-321.31	-345.75
Total Non-Operating Income (Expense)	-267.38	-254.34	-256.6	-218.14	-275.33
Pretax Income	188.7	537.95	468.68	678.73	488.17
Provision for Income Taxes	80.14	131.7	182.64	157.71	117.1
Net Income	109.29	299.64	326.04	272.67	194.63
Minority Interest in Earnings	80.87	195.81	292.08	248.35	176.44
Net Income to Common	109.29	299.64	326.04	272.67	194.63
Net Income Growth	-63.53%	-8.10%	19.57%	40.09%	-1.68%
Shares Outstanding (Basic)	112	112	113	114	114
Shares Outstanding (Diluted)	113	112	113	114	114
Shares Change (YoY)	0.34%	-0.97%	-0.78%	-0.16%	-0.23%
EPS (Basic)	0.98	2.67	3.82	3.25	2.16
EPS (Diluted)	0.97	2.67	3.82	3.24	2.15
EPS Growth	-63.67%	-30.10%	17.90%	50.70%	-2.27%
Free Cash Flow	782	506	542	961	664
Free Cash Flow Growth	54.55%	-6.64%	-43.60%	44.73%	-26.47%
Free Cash Flow Per Share	6.94	4.51	4.78	8.41	5.80
Dividends Per Share	2.018	1.959	1.902	1.847	1.793
Dividend Growth	3.00%	2.99%	3.01%	2.99%	3.01%
Gross Margin	53.59%	53.93%	56.53%	57.13%	56.10%
Operating Margin	12.17%	23.01%	20.27%	24.45%	22.50%
Profit Margin	5.07%	14.39%	17.27%	14.20%	10.93%
FCF Margin	15.21%	10.24%	11.43%	19.30%	15.48%
EBITDA	2,039	1,948	961	1,217	965
EBITDA Margin	39.65%	39.42%	20.27%	24.45%	22.50%
EBIT	456.08	792.29	725.29	896.86	763.5
EBIT Margin	12.17%	23.01%	20.27%	24.45%	22.50%
Effective Tax Rate	42.47%	24.48%	38.97%	23.24%	23.99%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.