Pine Cliff Energy 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	161.45	164.55	180.2	176.26	274.73	150.71
Revenue Growth (YoY)	-9.56%	-8.68%	2.24%	-35.84%	82.29%	49.14%
Cost of Revenue	116.95	118.5	123.54	109.35	102.3	80.92
Gross Profit	44.5	46.05	56.66	66.92	172.43	69.79
Selling, General & Admin	12.88	13.08	13.28	10.35	9.28	6.8
Depreciation & Amortization Expenses	42.91	44.34	53.67	43.93	44.07	40.99
Other Operating Expenses	10.93	10.93	14.45	2.45	3.14	-8.76
Total Operating Expenses	66.71	68.34	81.4	56.73	56.49	39.04
Operating Income	-22.21	-22.29	-24.74	10.19	115.95	30.75
Interest Expense	-14.06	-14.79	-17.4	-7.63	-8.66	-10.41
Total Non-Operating Income (Expense)	-14.06	-14.79	-17.4	-7.63	-8.66	-10.41
Pretax Income	-14.42	-15.23	-27.24	2.56	122.56	30.78
Provision for Income Taxes	3.44	3.15	5.79	6.56	-13.62	50.64
Net Income	-10.5	-12.07	-21.45	9.12	108.94	81.42
Net Income to Common	-10.5	-12.07	-21.45	9.12	108.94	81.42
Net Income Growth	-	-	-	-91.63%	33.80%	-
Shares Outstanding (Basic)	359	359	357	354	346	337
Shares Outstanding (Diluted)	359	359	357	359	360	348
Shares Change (YoY)	0.36%	0.40%	-0.56%	-0.18%	3.37%	5.45%
EPS (Basic)	-0.03	-0.03	-0.06	0.03	0.31	0.24
EPS (Diluted)	-0.03	-0.03	-0.06	0.03	0.30	0.23
EPS Growth	-	-	-	-90.00%	30.44%	-
Shares Outstanding	358.79	358.79	358.1	356.3	350.91	339.54
Free Cash Flow	4.74	10.27	21.27	45.7	120.32	28.02
Free Cash Flow Growth	-53.84%	-51.69%	-53.46%	-62.02%	329.44%	2045.33%
Free Cash Flow Per Share	0.01	0.03	0.06	0.13	0.33	0.08
Dividends Per Share	0.026	0.026	0.070	0.130	0.070	-
Dividend Growth	-	-62.50%	-46.15%	85.71%	-	-
Gross Margin	27.56%	27.99%	31.44%	37.96%	62.76%	46.31%
Operating Margin	-13.76%	-13.54%	-13.73%	5.78%	42.20%	20.41%
Profit Margin	-11.06%	-11.17%	-18.33%	-2.27%	49.57%	-13.18%
FCF Margin	2.94%	6.24%	11.80%	25.92%	43.80%	18.59%
EBITDA	20.69	22.05	28.93	54.12	160.02	71.75
EBITDA Margin	12.82%	13.40%	16.05%	30.70%	58.25%	47.61%
EBIT	-22.21	-22.29	-24.74	10.19	115.95	30.75
EBIT Margin	-13.76%	-13.54%	-13.73%	5.78%	42.20%	20.41%
Effective Tax Rate	-23.84%	-20.71%	-21.26%	256.43%	-11.11%	164.53%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.