Northland Power 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	2,445	2,357	2,244	2,449	2,093
Revenue Growth (YoY)	3.74%	5.04%	-8.38%	16.99%	1.58%
Fuel and Purchased Power Expense	-	-	-	270.43	213.49
Operations and Maintenance Expenses	740.11	649.94	620.56	352	327.89
Gross Profit	1,705	1,707	1,623	1,826	1,552
Depreciation & Amortization Expenses	715.58	673.73	652.62	624.7	636.04
Other Operating Expenses	709.76	220.09	392.52	162.18	175.32
Operating Income	279.39	812.89	577.99	1,040	740.51
Interest Income	-52.27	-71.39	-61.52	24.79	14.88
Interest Expense	355.24	392.02	383.33	-336.63	-342.42
Other Non-Operating Income (Expense)	-125.67	71.3	-313.18	-532.44	-10.26
Total Non-Operating Income (Expense)	177.29	391.93	8.63	-844.28	-337.8
Pretax Income	-149.24	563.56	-57	1,260	423.23
Provision for Income Taxes	40.88	-192.17	-39.13	304.66	153.35
Net Income	-163.25	271.83	-175.19	827.73	189.56
Minority Interest in Earnings	54.89	99.56	79.06	127.72	80.32
Net Income to Common	-163.25	271.83	-175.19	827.73	189.56
Net Income Growth	-	-	-	336.66%	-50.26%
Shares Outstanding (Basic)	261	257	253	236	219
Shares Outstanding (Diluted)	261	257	253	236	219
Shares Change (YoY)	1.55%	1.82%	7.01%	7.90%	10.11%
EPS (Basic)	-0.65	1.03	-0.72	3.46	0.82
EPS (Diluted)	-0.65	1.03	-0.72	3.46	0.82
EPS Growth	-	-	-	321.95%	-55.91%
Free Cash Flow	1,291	476.75	369.59	1,380	1,140
Free Cash Flow Growth	170.71%	28.99%	-73.23%	21.14%	4.06%
Free Cash Flow Per Share	4.94	1.85	1.46	5.85	5.21
Dividends Per Share	1.160	1.200	1.200	1.200	1.200
Dividend Growth	-3.33%	-	-	-	-
Gross Margin	69.73%	72.42%	72.34%	74.58%	74.14%
Operating Margin	11.43%	34.49%	25.76%	42.45%	35.38%
Profit Margin	-4.43%	15.76%	-4.28%	39.02%	12.89%
FCF Margin	52.79%	20.23%	16.47%	56.37%	54.44%
EBITDA	994.98	1,487	1,231	1,664	1,377
EBITDA Margin	40.70%	63.08%	54.85%	67.96%	65.76%
EBIT	279.39	812.89	577.99	1,040	740.51
EBIT Margin	11.43%	34.49%	25.76%	42.45%	35.38%
Effective Tax Rate	-27.39%	-34.10%	68.64%	24.18%	36.23%

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