TSX:BIP.UN Income Statement

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

Millions USD. 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	23,100	21,039	17,931	14,427	11,537
Revenue Growth (YoY)	9.80%	17.33%	24.29%	25.05%	29.85%
Fuel and Purchased Power Expense	16,876	15,676	13,470	10,510	8,247
Operations and Maintenance Expenses	426	405	413	433	406
Gross Profit	5,798	4,958	4,048	3,484	2,884
Operating Income	5,798	4,958	4,048	3,484	2,884
Interest Income	627	439	459	12	88
Interest Expense	-3,868	-3,387	-2,501	-1,855	-1,468
Other Non-Operating Income (Expense)	564	-57	23	294	1,829
Total Non-Operating Income (Expense)	-2,677	-3,005	-2,019	-1,549	449
Pretax Income	3,121	1,953	2,029	1,935	3,333
Provision for Income Taxes	589	270	581	560	614
Net Income	771	351	367	341	766
Minority Interest in Earnings	1,761	1,332	1,081	1,034	1,953
Net Income to Common	771	351	367	341	766
Net Income Growth	119.66%	-4.36%	7.63%	-55.48%	136.42%
Shares Outstanding (Basic)	460	462	459	2,436	660
Shares Outstanding (Diluted)	460	462	459	2,436	660
Shares Change (YoY)	-0.33%	0.48%	-81.14%	268.86%	-53.12%
EPS (Basic)	0.90	0.04	0.14	0.14	1.16
EPS (Diluted)	0.90	0.04	0.14	0.14	1.16
EPS Growth	2150.00%	-71.43%	-	-87.93%	404.35%
Free Cash Flow	-53	-322	1,591	356	705
Free Cash Flow Growth	-	-	346.91%	-49.50%	-33.37%
Free Cash Flow Per Share	-0.12	-0.70	3.46	-	-
Dividends Per Share	1.720	1.620	1.530	1.440	1.360
Dividend Growth	6.17%	5.88%	6.25%	5.88%	5.16%
Gross Margin	25.10%	23.57%	22.58%	24.15%	25.00%
Operating Margin	25.10%	23.57%	22.58%	24.15%	25.00%
Profit Margin	10.96%	8.00%	8.08%	9.53%	23.57%
FCF Margin	-0.23%	-1.53%	8.87%	2.47%	6.11%
EBITDA	9,822	8,602	6,787	5,642	4,920
EBITDA Margin	42.52%	40.89%	37.85%	39.11%	42.65%
EBIT	5,798	4,958	4,048	3,484	2,884
EBIT Margin	25.10%	23.57%	22.58%	24.15%	25.00%
Effective Tax Rate	18.87%	13.82%	28.63%	28.94%	18.42%

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