Questerre Energy Corporation (TSX:QEC)

Questerre Energy Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	70.75	34.15	35.71	46.92	28.54
Revenue Growth (YoY)	107.18%	-4.35%	-23.90%	64.43%	38.46%
Cost of Revenue	47.37	15.16	16.08	15.31	11.78
Gross Profit	23.39	18.99	19.62	31.61	16.76
Selling, General & Admin	10.04	6.65	6.45	6.32	2.89
Depreciation & Amortization Expenses	32.48	12.49	12.63	9.9	6.09
Other Operating Expenses	54.68	7.86	24.59	0.99	12.33
Total Operating Expenses	97.2	26.99	43.67	17.2	21.31
Operating Income	-73.81	-8	-24.05	14.41	-4.56
Interest Income	1.9	1.15	-	-	-
Interest Expense	-14.78	-0	-	-	-
Other Non-Operating Income (Expense)	-2.39	0.47	-0.34	0.34	-1.11
Total Non-Operating Income (Expense)	-15.27	1.62	-0.34	0.34	-1.11
Pretax Income	-81.08	-7.33	-23.71	14.07	-4.31
Provision for Income Taxes	-2.14	-	-	-	-0.01
Net Income	-78.94	-7.33	-23.71	14.07	-4.3
Net Income to Common	-78.94	-7.33	-23.71	14.07	-4.3
Shares Outstanding (Basic)	429	429	429	429	430
Shares Outstanding (Diluted)	429	429	430	431	430
Shares Change (YoY)	0.13%	-0.41%	-0.05%	0.10%	2.38%
EPS (Basic)	-0.18	-0.02	-0.06	0.03	-0.01
EPS (Diluted)	-0.18	-0.02	-0.06	0.03	-0.01
Shares Outstanding	445.76	428.52	428.52	428.52	428.52
Free Cash Flow	-13	-6.97	6.17	17.22	9.41
Free Cash Flow Growth	-	-	-64.17%	82.99%	1097.20%
Free Cash Flow Per Share	-0.03	-0.02	0.01	0.04	0.02
Gross Margin	33.05%	55.61%	54.96%	67.38%	58.72%
Operating Margin	-104.32%	-23.43%	-67.35%	30.71%	-15.96%
Profit Margin	-111.56%	-21.46%	-66.40%	29.98%	-15.07%
FCF Margin	-18.38%	-20.41%	17.28%	36.70%	32.98%
EBITDA	-44.15	3.91	-11.42	24.31	1.54
EBITDA Margin	-62.40%	11.43%	-31.97%	51.81%	5.39%
EBIT	-73.81	-8	-24.05	14.41	-4.56
EBIT Margin	-104.32%	-23.43%	-67.35%	30.71%	-15.96%
Effective Tax Rate	2.64%	0.00%	0.00%	0.00%	0.16%

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