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	685.76	933.99	660.68	460.95
Gross Profit	827.81	927.08	1,779	1,665	1,068
Selling, General & Admin	67.9	58.36	69.79	50.27	40.8
Other Operating Expenses	36.19	15.16	-4.29	214.69	300.25
Operating Expenses	766.6	569.49	1,994	643.56	-710.44
Operating Income	61.22	357.59	-214.82	1,022	1,779
Interest Expense	-217.55	-203.34	-171.77	-86.67	-96.93
Currency Exchange Gain (Loss)	94.02	-155.9	10.85	-43.44	2.87
Other Non Operating Income (Expenses)	-7.97	5.14	0.46	-3.24	2.56
EBT Excluding Unusual Items	-70.28	3.5	-375.29	888.48	1,687
Gain (Loss) on Sale of Assets	2.53	4.13	-141.3	4.9	9.67
Other Unusual Items	-85.36	-24.35	-	-2.46	-1.85
Pretax Income	-153.11	-16.72	-516.58	890.92	1,695
Income Tax Expense	123.74	80.74	-283.23	35.31	81.24
Earnings From Continuing Operations	-276.85	-97.45	-233.36	855.61	1,614
Earnings From Discontinued Operations	-326.93	334.05	-	-	-
Net Income	-603.78	236.6	-233.36	855.61	1,614
Net Income to Common	-603.78	236.6	-233.36	855.61	1,614
Net Income Growth	-	-	-	-46.98%	-
Shares Outstanding (Basic)	769	803	705	558	564
Shares Outstanding (Diluted)	769	808	705	564	572
Shares Change (YoY)	-4.77%	14.59%	25.02%	-1.36%	1.95%
EPS (Basic)	-0.78	0.29	-0.33	1.53	2.86
EPS (Diluted)	-0.79	0.29	-0.33	1.52	2.82
EPS Growth	-	-	-	-46.10%	-
Free Cash Flow	207.48	593.85	239.61	648.83	396.62
Free Cash Flow Per Share	0.27	0.73	0.34	1.15	0.69
Dividend Per Share	0.090	0.090	0.045	-	-
Dividend Growth	-	100.00%	-	-	-
Gross Margin	55.90%	57.48%	65.57%	71.60%	69.85%
Operating Margin	4.13%	22.17%	-7.92%	43.93%	116.32%
Profit Margin	-40.77%	14.67%	-8.60%	36.78%	105.53%
Free Cash Flow Margin	14.01%	36.82%	8.83%	27.89%	25.94%
EBITDA	699.68	841.68	1,696	1,387	2,327
EBITDA Margin	47.25%	52.19%	62.52%	59.63%	152.18%
D&A For EBITDA	638.47	484.09	1,911	365.23	548.36
EBIT	61.22	357.59	-214.82	1,022	1,779
EBIT Margin	4.13%	22.17%	-7.92%	43.93%	116.32%
Effective Tax Rate	-	-	-	3.96%	4.79%
Revenue as Reported	1,481	1,613	2,713	2,326	1,529

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