Baytex Energy 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	1,481	1,613	2,713	2,326	1,529
Revenue Growth (YoY)	-8.19%	-40.55%	16.63%	52.13%	88.37%
Cost of Revenue	653	684.22	884.95	660.68	460.95
Gross Profit	827.81	928.62	1,828	1,665	1,068
Selling, General & Admin	91.94	70.23	107.49	79.33	51.93
Depreciation & Amortization Expenses	484.93	483.31	1,048	587.05	464.58
Exploration Expenses	5.53	0.78	8.9	30.24	15.21
Other Operating Expenses	148	1.54	882.71	-267.74	-1,542
Total Operating Expenses	730.41	555.87	2,047	428.87	-1,011
Operating Income	97.4	372.75	-219.11	1,237	2,079
Interest Expense	-322.02	-244.95	-192.17	-104.82	-111.16
Other Non-Operating Income (Expense)	66.45	-152.79	-105.3	-240.8	-272.78
Total Non-Operating Income (Expense)	-255.57	-397.74	-297.47	-345.61	-383.94
Pretax Income	-158.17	-24.99	-516.58	890.92	1,695
Provision for Income Taxes	123.74	80.74	-283.23	35.31	81.24
Net Income	-603.78	236.6	-233.36	855.61	1,614
Earnings From Discontinued Operations	-326.93	334.05	-	-	-
Net Income to Common	-603.78	236.6	-233.36	855.61	1,614
Net Income Growth	-	-	-	-46.98%	-
Shares Outstanding (Basic)	769	803	1	1	1
Shares Outstanding (Diluted)	769	808	1	1	1
Shares Change (YoY)	-4.77%	114485.84%	25.02%	-1.36%	1.95%
EPS (Basic)	-0.78	0.29	-0.33	1.53	2.86
EPS (Diluted)	-0.78	0.29	-0.33	1.52	2.82
EPS Growth	-	-	-	-46.10%	-
Free Cash Flow	245.59	593.85	239.61	648.83	396.62
Free Cash Flow Growth	-58.64%	147.83%	-63.07%	63.59%	462.77%
Free Cash Flow Per Share	0.32	0.74	339.93	1150.74	693.86
Dividends Per Share	0.090	0.090	0.045	-	-
Dividend Growth	-	100.00%	-	-	-
Gross Margin	55.90%	57.58%	67.38%	71.60%	69.85%
Operating Margin	6.58%	23.11%	-8.08%	53.16%	135.95%
Profit Margin	-40.77%	14.67%	-8.60%	36.78%	105.53%
FCF Margin	16.58%	36.82%	8.83%	27.89%	25.94%
EBITDA	1,362	1,759	828.79	1,824	2,543
EBITDA Margin	91.98%	109.04%	30.55%	78.40%	166.34%
EBIT	97.4	372.75	-219.11	1,237	2,079
EBIT Margin	6.58%	23.11%	-8.08%	53.16%	135.95%
Effective Tax Rate	-78.23%	-323.12%	54.83%	3.96%	4.79%

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