Cardinal 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	439.43	497.38	481.12	591.84	368.7
Revenue Growth (YoY)	-11.65%	3.38%	-18.71%	60.52%	90.83%
Cost of Revenue	200.57	207.65	204.69	205.47	161.94
Gross Profit	238.86	289.73	276.43	386.37	206.77
Selling, General & Admin	32.26	29.29	26.89	25.71	19.45
Depreciation & Amortization Expenses	108.76	105.08	103.5	102.47	78.53
Other Operating Expenses	50	-	-	-46.41	-217.67
Total Operating Expenses	191.02	134.38	130.39	81.76	-119.69
Operating Income	47.83	155.35	146.04	304.61	326.46
Interest Expense	-19.81	-16.09	-14.37	-15.15	-23
Other Non-Operating Income (Expense)	0.39	1.06	-4.1	-3.38	-2.49
Total Non-Operating Income (Expense)	-19.42	-15.03	-18.47	-18.53	-25.49
Pretax Income	27.64	142.2	135.77	292.94	284.42
Provision for Income Taxes	6.84	33.85	32.17	-9.75	-
Net Income	20.8	108.35	103.6	302.69	284.42
Net Income to Common	20.8	108.35	103.6	302.69	284.42
Net Income Growth	-80.80%	4.59%	-65.77%	6.42%	-
Shares Outstanding (Basic)	160	159	157	154	144
Shares Outstanding (Diluted)	162	160	159	158	155
Shares Change (YoY)	0.94%	0.64%	1.10%	1.99%	36.29%
EPS (Basic)	0.13	0.68	0.66	1.97	1.98
EPS (Diluted)	0.13	0.68	0.65	1.92	1.84
EPS Growth	-80.88%	4.61%	-66.15%	4.35%	-
Free Cash Flow	128.48	144.26	101.45	216.61	68.72
Free Cash Flow Growth	-10.94%	42.20%	-53.17%	215.21%	471.22%
Free Cash Flow Per Share	0.79	0.90	-	-	0.44
Dividends Per Share	0.720	0.720	0.720	0.380	-
Dividend Growth	-	-	89.47%	-	-
Gross Margin	54.36%	58.25%	57.46%	65.28%	56.08%
Operating Margin	10.89%	31.23%	30.35%	51.47%	88.54%
Profit Margin	4.73%	21.79%	21.53%	51.14%	77.14%
FCF Margin	29.24%	29.00%	21.09%	36.60%	18.64%
EBITDA	156.6	260.43	249.55	407.07	404.99
EBITDA Margin	35.64%	52.36%	51.87%	68.78%	109.84%
EBIT	47.83	155.35	146.04	304.61	326.46
EBIT Margin	10.89%	31.23%	30.35%	51.47%	88.54%
Effective Tax Rate	24.75%	23.80%	23.69%	-3.33%	0.00%

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