CES Energy Solutions 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	2,494	2,354	2,164	1,922	1,196
Revenue Growth (YoY)	5.97%	8.79%	12.55%	60.67%	34.73%
Cost of Revenue	1,903	1,773	1,684	1,525	935.34
Gross Profit	590.75	581.08	479.35	396.95	261.08
Selling, General & Admin	321.24	314.81	256.18	229.96	186.92
Total Operating Expenses	321.24	314.81	256.18	229.96	186.92
Operating Income	269.51	266.27	223.17	166.99	74.16
Interest Expense	-12.91	-31.83	-35.06	-39.57	-22.39
Other Non-Operating Income (Expense)	-0.02	-1.52	-1.46	0.66	-0.56
Total Non-Operating Income (Expense)	-12.93	-33.35	-36.52	-38.9	-22.95
Pretax Income	256.62	235.95	189.57	126.75	52.33
Provision for Income Taxes	51.9	44.85	34.93	31.54	2.45
Net Income	204.72	191.11	154.64	95.22	49.88
Net Income to Common	204.72	191.11	154.64	95.22	49.88
Net Income Growth	7.12%	23.58%	62.41%	90.88%	-
Shares Outstanding (Basic)	219	232	249	255	255
Shares Outstanding (Diluted)	222	237	255	262	263
Shares Change (YoY)	-6.08%	-7.19%	-2.55%	-0.69%	0.12%
EPS (Basic)	0.93	0.82	0.62	0.37	0.20
EPS (Diluted)	0.92	0.81	0.61	0.36	0.19
EPS Growth	13.58%	32.79%	69.44%	89.47%	-
Free Cash Flow	199.21	216.02	229.6	-55.13	-100.29
Free Cash Flow Growth	-7.78%	-5.92%	-	-	-
Free Cash Flow Per Share	0.90	0.91	0.90	-0.21	-0.38
Dividends Per Share	0.170	0.120	0.095	0.068	0.032
Dividend Growth	41.67%	26.32%	39.71%	112.50%	184.44%
Gross Margin	23.69%	24.69%	22.16%	20.65%	21.82%
Operating Margin	10.81%	11.31%	10.32%	8.69%	6.20%
Profit Margin	8.21%	8.12%	7.15%	4.95%	4.17%
FCF Margin	7.99%	9.18%	10.61%	-2.87%	-8.38%
EBITDA	373.77	351.95	296.01	241.47	142.13
EBITDA Margin	14.99%	14.95%	13.68%	12.56%	11.88%
EBIT	269.51	266.27	223.17	166.99	74.16
EBIT Margin	10.81%	11.31%	10.32%	8.69%	6.20%
Effective Tax Rate	20.22%	19.01%	18.43%	24.88%	4.68%

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