Questerre 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	103.2	70.75	34.15	35.71	46.92	28.54
Revenue Growth (YoY)	196.70%	107.18%	-4.35%	-23.90%	64.43%	38.46%
Cost of Revenue	65.68	47.37	15.16	16.08	15.31	11.78
Gross Profit	37.52	23.39	18.99	19.62	31.61	16.76
Selling, General & Admin	13.63	10.04	6.65	6.45	6.32	2.89
Depreciation & Amortization Expenses	26.24	32.48	12.49	12.63	9.9	6.09
Other Operating Expenses	3.42	54.68	7.86	24.59	0.99	12.33
Total Operating Expenses	43.28	97.2	26.99	43.67	17.2	21.31
Operating Income	-5.76	-73.81	-8	-24.05	14.41	-4.56
Interest Income	7.4	1.9	1.15	-	-	-
Interest Expense	-17.86	-14.78	-0	-	-	-
Other Non-Operating Income (Expense)	-1.48	-2.39	0.47	-0.34	0.34	-1.11
Total Non-Operating Income (Expense)	-11.94	-15.27	1.62	-0.34	0.34	-1.11
Pretax Income	-23.09	-81.08	-7.33	-23.71	14.07	-4.31
Provision for Income Taxes	5.39	-2.14	-	-	-	-0.01
Net Income	-91.38	-78.94	-7.33	-23.71	14.07	-4.3
Net Income to Common	-91.38	-78.94	-7.33	-23.71	14.07	-4.3
Shares Outstanding (Basic)	435	429	429	429	429	430
Shares Outstanding (Diluted)	435	429	429	430	431	430
Shares Change (YoY)	2.40%	0.13%	-0.41%	-0.05%	0.10%	2.38%
EPS (Basic)	-0.22	-0.18	-0.02	-0.06	0.03	-0.01
EPS (Diluted)	-0.22	-0.18	-0.02	-0.06	0.03	-0.01
Shares Outstanding	904.43	445.76	428.52	428.52	428.52	428.52
Free Cash Flow	2.82	-13	-6.97	6.17	17.22	9.41
Free Cash Flow Growth	-	-	-	-64.17%	82.99%	1097.20%
Free Cash Flow Per Share	0.01	-0.03	-0.02	0.01	0.04	0.02
Gross Margin	36.36%	33.05%	55.61%	54.96%	67.38%	58.72%
Operating Margin	-5.58%	-104.32%	-23.43%	-67.35%	30.71%	-15.96%
Profit Margin	-88.55%	-111.56%	-21.46%	-66.40%	29.98%	-15.07%
FCF Margin	2.73%	-18.38%	-20.41%	17.28%	36.70%	32.98%
EBITDA	19.91	-44.15	3.91	-11.42	24.31	1.54
EBITDA Margin	19.29%	-62.40%	11.43%	-31.97%	51.81%	5.39%
EBIT	-5.76	-73.81	-8	-24.05	14.41	-4.56
EBIT Margin	-5.58%	-104.32%	-23.43%	-67.35%	30.71%	-15.96%
Effective Tax Rate	-23.35%	2.64%	0.00%	0.00%	0.00%	0.16%

Updated May 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.