Enbridge 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	69,049	65,194	53,473	43,649	53,309	47,071
Revenue Growth (YoY)	13.31%	21.92%	22.51%	-18.12%	13.25%	20.43%
Cost of Revenue	42,216	38,036	29,040	21,366	32,589	28,702
Gross Profit	26,833	27,158	24,433	22,283	20,720	18,369
Selling, General & Admin	9,776	9,676	9,239	8,465	7,980	6,541
Operating Expenses	15,462	15,337	14,406	13,078	12,297	10,393
Operating Income	11,371	11,821	10,027	9,205	8,423	7,976
Interest Expense	-4,911	-5,023	-4,419	-3,812	-3,179	-2,655
Earnings From Equity Investments	2,036	2,224	2,304	1,816	2,056	1,600
Currency Exchange Gain (Loss)	397	708	-2,078	692	-1,002	286
Other Non Operating Income (Expenses)	648	633	564	397	174	224
EBT Excluding Unusual Items	9,541	10,363	6,398	8,298	6,472	7,431
Merger & Restructuring Charges	-	-	-	-	-	-21
Impairment of Goodwill	-	-	-	-	-2,465	-
Gain (Loss) on Sale of Investments	-	-	1,091	-	1,076	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	319
Asset Writedown	-570	-570	-190	-419	-541	-
Pretax Income	8,971	9,793	7,299	7,879	4,542	7,729
Income Tax Expense	1,894	2,004	1,668	1,821	1,604	1,415
Earnings From Continuing Operations	7,077	7,789	5,631	6,058	2,938	6,314
Minority Interest in Earnings	-172	-298	-190	133	65	-125
Net Income	6,905	7,491	5,441	6,191	3,003	6,189
Preferred Dividends & Other Adjustments	449	447	388	352	414	373
Net Income to Common	6,456	7,044	5,053	5,839	2,589	5,816
Net Income Growth	9.72%	37.68%	-12.11%	106.16%	-51.48%	84.03%
Shares Outstanding (Basic)	2,181	2,180	2,155	2,056	2,025	2,023
Shares Outstanding (Diluted)	2,187	2,186	2,158	2,058	2,029	2,025
Shares Change (YoY)	0.67%	1.30%	4.86%	1.43%	0.20%	0.20%
EPS (Basic)	2.96	3.23	2.34	2.84	1.28	2.87
EPS (Diluted)	2.95	3.22	2.34	2.84	1.28	2.87
EPS Growth	9.09%	37.61%	-17.61%	122.13%	-55.45%	94.35%
Free Cash Flow	1,870	3,297	5,889	9,547	6,583	1,438
Free Cash Flow Per Share	0.85	1.51	2.73	4.64	3.24	0.71
Dividend Per Share	3.800	3.770	3.660	3.550	3.440	3.340
Dividend Growth	3.26%	3.00%	3.10%	3.20%	2.99%	3.09%
Gross Margin	38.86%	41.66%	45.69%	51.05%	38.87%	39.02%
Operating Margin	16.47%	18.13%	18.75%	21.09%	15.80%	16.95%
Profit Margin	9.35%	10.80%	9.45%	13.38%	4.86%	12.36%
Free Cash Flow Margin	2.71%	5.06%	11.01%	21.87%	12.35%	3.06%
EBITDA	17,057	17,482	15,194	13,818	12,740	11,828
EBITDA Margin	24.70%	26.82%	28.41%	31.66%	23.90%	25.13%
D&A For EBITDA	5,686	5,661	5,167	4,613	4,317	3,852
EBIT	11,371	11,821	10,027	9,205	8,423	7,976
EBIT Margin	16.47%	18.13%	18.75%	21.09%	15.80%	16.95%
Effective Tax Rate	21.11%	20.46%	22.85%	23.11%	35.32%	18.31%
Revenue as Reported	69,049	65,194	53,473	43,649	53,309	47,071

Source: S&P Global Market Intelligence. Standard template. Financial Sources.