Emera 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	8,776	7,200	7,563	7,588	5,765
Revenue Growth (YoY)	21.89%	-4.80%	-0.33%	31.62%	4.70%
Fuel and Purchased Power Expense	2,609	2,388	2,408	2,971	2,235
Operations and Maintenance Expenses	2,337	1,918	1,879	1,596	1,368
Gross Profit	3,830	2,894	3,276	3,021	2,162
Depreciation & Amortization Expenses	1,294	1,162	1,049	952	902
Taxes Other than Income Tax	486	427	433	367	330
Other Operating Expenses	75	225	-	73	-
Operating Income	1,975	1,080	1,794	1,629	930
Interest Income	63	99	146	129	143
Interest Expense	-1,032	-973	-925	-709	-611
Other Non-Operating Income (Expense)	165	203	158	145	93
Total Non-Operating Income (Expense)	-804	-671	-621	-435	-375
Pretax Income	1,171	409	1,173	1,194	555
Provision for Income Taxes	81	-159	128	185	-6
Net Income	1,014	494	978	945	510
Minority Interest in Earnings	1	1	1	1	1
Net Income Attributable to Preferred Dividends	75	73	66	63	50
Net Income to Common	1,014	494	978	945	510
Net Income Growth	105.26%	-49.49%	3.49%	85.29%	-45.63%
Shares Outstanding (Basic)	299	289	274	266	257
Shares Outstanding (Diluted)	300	289	274	266	258
Shares Change (YoY)	3.81%	5.47%	3.01%	3.10%	4.03%
EPS (Basic)	4.65	2.45	3.57	3.56	1.98
EPS (Diluted)	4.64	2.45	3.57	3.55	1.98
EPS Growth	89.39%	-31.37%	0.56%	79.29%	-47.62%
Free Cash Flow	-1,730	-505	-696	-1,683	-1,174
Free Cash Flow Per Share	-5.77	-1.75	-2.54	-6.33	-4.55
Dividends Per Share	2.908	2.877	2.788	2.678	2.575
Dividend Growth	1.04%	3.23%	4.11%	3.98%	4.04%
Gross Margin	43.64%	40.19%	43.32%	39.81%	37.50%
Operating Margin	22.50%	15.00%	23.72%	21.47%	16.13%
Profit Margin	12.42%	7.89%	13.82%	13.30%	9.73%
FCF Margin	-19.71%	-7.01%	-9.20%	-22.18%	-20.36%
EBITDA	3,273	2,245	2,854	2,588	1,845
EBITDA Margin	37.29%	31.18%	37.74%	34.11%	32.00%
EBIT	1,975	1,080	1,794	1,629	930
EBIT Margin	22.50%	15.00%	23.72%	21.47%	16.13%
Effective Tax Rate	6.92%	-38.88%	10.91%	15.49%	-1.08%

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