Enbridge Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	64,234	53,473	43,649	53,309	47,071	39,087	Upgrade
Revenue Growth (YoY)	32.29%	22.51%	-18.12%	13.25%	20.43%	-21.93%	Upgrade
Cost of Revenue	37,486	29,040	21,366	32,589	28,702	20,669	Upgrade
Gross Profit	26,748	24,433	22,283	20,720	18,369	18,418	Upgrade
Selling, General & Admin	9,698	9,239	8,465	7,980	6,541	6,601	Upgrade
Operating Expenses	15,279	14,406	13,078	12,297	10,393	10,313	Upgrade
Operating Income	11,469	10,027	9,205	8,423	7,976	8,105	Upgrade
Interest Expense	-4,895	-4,419	-3,812	-3,179	-2,655	-2,790	Upgrade
Earnings From Equity Investments	2,330	2,304	1,816	2,056	1,600	1,136	Upgrade
Currency Exchange Gain (Loss)	-884	-2,078	692	-1,002	286	181	Upgrade
Other Non Operating Income (Expenses)	686	564	397	174	224	-74	Upgrade
EBT Excluding Unusual Items	8,706	6,398	8,298	6,472	7,431	6,558	Upgrade
Merger & Restructuring Charges	-	-	-	-	-21	-	Upgrade
Impairment of Goodwill	-	-	-	-2,465	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	1,091	-	1,076	-	-2,351	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	319	-17	Upgrade
Asset Writedown	-520	-190	-419	-541	-	-	Upgrade
Pretax Income	8,186	7,299	7,879	4,542	7,729	4,190	Upgrade
Income Tax Expense	1,910	1,668	1,821	1,604	1,415	774	Upgrade
Earnings From Continuing Operations	6,276	5,631	6,058	2,938	6,314	3,416	Upgrade
Net Income to Company	6,276	5,631	6,058	2,938	6,314	3,416	Upgrade
Minority Interest in Earnings	-250	-190	133	65	-125	-53	Upgrade
Net Income	6,026	5,441	6,191	3,003	6,189	3,363	Upgrade
Preferred Dividends & Other Adjustments	441	388	352	414	373	380	Upgrade
Net Income to Common	5,585	5,053	5,839	2,589	5,816	2,983	Upgrade
Net Income Growth	-9.57%	-12.11%	106.16%	-51.48%	84.03%	-41.05%	Upgrade
Shares Outstanding (Basic)	2,180	2,155	2,056	2,025	2,023	2,020	Upgrade
Shares Outstanding (Diluted)	2,185	2,158	2,058	2,029	2,025	2,021	Upgrade
Shares Change (YoY)	1.90%	4.86%	1.43%	0.20%	0.20%	0.05%	Upgrade
EPS (Basic)	2.56	2.34	2.84	1.28	2.87	1.48	Upgrade
EPS (Diluted)	2.56	2.34	2.84	1.28	2.87	1.48	Upgrade
EPS Growth	-12.89%	-17.61%	122.13%	-55.45%	94.35%	-43.85%	Upgrade
Free Cash Flow	4,331	5,889	9,547	6,583	1,438	4,376	Upgrade
Free Cash Flow Per Share	1.98	2.73	4.64	3.24	0.71	2.17	Upgrade
Dividend Per Share	3.728	3.660	3.550	3.440	3.340	3.240	Upgrade
Dividend Growth	2.40%	3.10%	3.20%	2.99%	3.09%	9.83%	Upgrade
Gross Margin	41.64%	45.69%	51.05%	38.87%	39.02%	47.12%	Upgrade
Operating Margin	17.85%	18.75%	21.09%	15.80%	16.95%	20.74%	Upgrade
Profit Margin	8.70%	9.45%	13.38%	4.86%	12.36%	7.63%	Upgrade
Free Cash Flow Margin	6.74%	11.01%	21.87%	12.35%	3.06%	11.20%	Upgrade
EBITDA	17,050	15,194	13,818	12,740	11,828	11,817	Upgrade
EBITDA Margin	26.54%	28.41%	31.66%	23.90%	25.13%	30.23%	Upgrade
D&A For EBITDA	5,581	5,167	4,613	4,317	3,852	3,712	Upgrade
EBIT	11,469	10,027	9,205	8,423	7,976	8,105	Upgrade
EBIT Margin	17.85%	18.75%	21.09%	15.80%	16.95%	20.74%	Upgrade
Effective Tax Rate	23.33%	22.85%	23.11%	35.32%	18.31%	18.47%	Upgrade
Revenue as Reported	64,234	53,473	43,649	53,309	47,071	39,087	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.