CES Energy Solutions Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,543	2,494	2,354	2,164	1,922	1,196
Revenue Growth (YoY)	6.08%	5.97%	8.79%	12.55%	60.67%	34.73%
Cost of Revenue	1,937	1,903	1,773	1,684	1,525	935.34
Gross Profit	606.31	590.75	581.08	479.35	396.95	261.08
Selling, General & Admin	354.69	321.24	314.81	256.18	229.96	186.92
Total Operating Expenses	354.69	321.24	314.81	256.18	229.96	186.92
Operating Income	251.62	269.51	266.27	223.17	166.99	74.16
Interest Expense	12.41	-12.91	-31.83	-35.06	-39.57	-22.39
Other Non-Operating Income (Expense)	0.1	-0.02	-1.52	-1.46	0.66	-0.56
Total Non-Operating Income (Expense)	12.5	-12.93	-33.35	-36.52	-38.9	-22.95
Pretax Income	263.93	256.62	235.95	189.57	126.75	52.33
Provision for Income Taxes	53.05	51.9	44.85	34.93	31.54	2.45
Net Income	210.88	204.72	191.11	154.64	95.22	49.88
Net Income to Common	210.88	204.72	191.11	154.64	95.22	49.88
Net Income Growth	16.67%	7.12%	23.58%	62.41%	90.88%	-
Shares Outstanding (Basic)	216	219	232	249	255	255
Shares Outstanding (Diluted)	218	222	237	255	262	263
Shares Change (YoY)	-6.68%	-6.08%	-7.19%	-2.55%	-0.69%	0.12%
EPS (Basic)	0.97	0.93	0.82	0.62	0.37	0.20
EPS (Diluted)	0.96	0.92	0.81	0.61	0.36	0.19
EPS Growth	24.68%	13.58%	32.79%	69.44%	89.47%	-
Shares Outstanding	210.21	210.95	225.33	253.82	253.82	253.1
Free Cash Flow	212.67	199.21	216.02	229.6	-55.13	-100.29
Free Cash Flow Growth	6.76%	-7.78%	-5.92%	-	-	-
Free Cash Flow Per Share	0.97	0.90	0.91	0.90	-0.21	-0.38
Dividends Per Share	0.182	0.170	0.120	0.095	0.068	0.032
Dividend Growth	7.35%	41.67%	26.32%	39.71%	112.50%	184.44%
Gross Margin	23.84%	23.69%	24.69%	22.16%	20.65%	21.82%
Operating Margin	9.89%	10.81%	11.31%	10.32%	8.69%	6.20%
Profit Margin	8.29%	8.21%	8.12%	7.15%	4.95%	4.17%
FCF Margin	8.36%	7.99%	9.18%	10.61%	-2.87%	-8.38%
EBITDA	358.95	373.77	351.95	296.01	241.47	142.13
EBITDA Margin	14.11%	14.99%	14.95%	13.68%	12.56%	11.88%
EBIT	251.62	269.51	266.27	223.17	166.99	74.16
EBIT Margin	9.89%	10.81%	11.31%	10.32%	8.69%	6.20%
Effective Tax Rate	20.10%	20.22%	19.01%	18.43%	24.88%	4.68%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.