Canadian Utilities 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	3,689	3,690	3,742	3,796	4,048	3,515
Revenue Growth (YoY)	-1.26%	-1.39%	-1.42%	-6.22%	15.16%	8.72%
Fuel and Purchased Power Expense	213	202	279	385	482	412
Operations and Maintenance Expenses	963	974	1,015	943	878	831
Gross Profit	2,513	2,514	2,448	2,468	2,688	2,272
Depreciation & Amortization Expenses	1,301	1,293	711	725	642	651
Taxes Other than Income Tax	386	387	374	363	398	333
Other Operating Expenses	256	262	380	125	185	406
Operating Income	658	660	1,056	1,321	1,209	940
Interest Income	54	53	76	54	36	11
Interest Expense	-522	-511	-508	-460	-407	-413
Total Non-Operating Income (Expense)	-468	-458	-432	-406	-371	-402
Pretax Income	190	202	624	915	838	538
Provision for Income Taxes	72	72	133	198	199	138
Net Income	107	119	480	707	632	393
Minority Interest in Earnings	11	11	11	10	7	7
Net Income to Common	107	119	480	707	632	393
Net Income Growth	-77.43%	-75.21%	-32.11%	11.87%	60.81%	-7.96%
Shares Outstanding (Basic)	272	272	271	270	269	270
Shares Outstanding (Diluted)	272	272	271	270	270	270
Shares Change (YoY)	0.27%	0.22%	0.41%	0.24%	-0.24%	-1.08%
EPS (Basic)	0.10	0.15	1.48	2.33	2.07	1.21
EPS (Diluted)	0.10	0.15	1.48	2.33	2.06	1.21
EPS Growth	-93.15%	-89.86%	-36.48%	13.11%	70.25%	-8.33%
Shares Outstanding	272.27	272.09	271.56	270.93	269.91	269.35
Free Cash Flow	659	622	427	580	916	640
Free Cash Flow Growth	5.95%	45.67%	-26.38%	-36.68%	43.13%	-22.71%
Free Cash Flow Per Share	2.42	2.29	1.57	2.15	3.40	2.37
Dividends Per Share	1.835	1.831	1.812	1.794	1.777	1.759
Dividend Growth	0.25%	1.01%	1.00%	0.99%	1.00%	1.01%
Gross Margin	68.12%	68.13%	65.42%	65.02%	66.40%	64.64%
Operating Margin	17.84%	17.89%	28.22%	34.80%	29.87%	26.74%
Profit Margin	3.20%	3.52%	13.12%	18.89%	15.79%	11.38%
FCF Margin	17.86%	16.86%	11.41%	15.28%	22.63%	18.21%
EBITDA	847	1,953	1,767	1,321	1,209	940
EBITDA Margin	22.96%	52.93%	47.22%	34.80%	29.87%	26.74%
EBIT	658	660	1,056	1,321	1,209	940
EBIT Margin	17.84%	17.89%	28.22%	34.80%	29.87%	26.74%
Effective Tax Rate	37.89%	35.64%	21.31%	21.64%	23.75%	25.65%

Updated May 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.