Surge Energy 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	499.91	541.72	560.73	536.69	258.61
Revenue Growth (YoY)	-7.72%	-3.39%	4.48%	107.53%	31.71%
Cost of Revenue	170.28	197.07	210.01	171.41	123.51
Gross Profit	329.63	344.66	350.72	365.29	135.1
Selling, General & Admin	30.88	29.66	27.93	21.55	17.16
Depreciation & Amortization Expenses	185.75	188.48	197.47	142.32	112.22
Other Operating Expenses	18.37	103.96	60.57	3.68	-328.06
Total Operating Expenses	235	322.1	285.98	167.55	-198.68
Operating Income	94.63	22.56	64.75	197.74	333.78
Interest Expense	-40.96	-44.25	-48.15	-35.1	-31.9
Other Non-Operating Income (Expense)	-0.35	48.39	-4.03	3.24	-94.34
Total Non-Operating Income (Expense)	-41.31	4.13	-52.18	-31.86	-126.24
Pretax Income	53.32	26.69	12.57	165.88	207.54
Provision for Income Taxes	13.76	-16.66	4.87	-72.32	-11.39
Net Income	39.56	43.35	7.7	238.2	218.93
Net Income to Common	39.56	43.35	7.7	238.2	218.93
Net Income Growth	-8.74%	463.41%	-96.77%	8.80%	-
Shares Outstanding (Basic)	99	101	99	85	55
Shares Outstanding (Diluted)	101	101	101	87	56
Shares Change (YoY)	0.08%	-0.18%	16.08%	55.42%	41.63%
EPS (Basic)	0.41	-0.53	0.16	2.74	7.42
EPS (Diluted)	0.40	-0.53	0.16	2.66	7.28
EPS Growth	-	-	-93.98%	-63.46%	-
Free Cash Flow	106.2	83.54	84.57	106.18	-3.3
Free Cash Flow Growth	27.12%	-1.21%	-20.35%	-	-
Free Cash Flow Per Share	1.05	0.83	0.84	1.22	-0.06
Dividends Per Share	0.520	0.500	0.480	0.245	-
Dividend Growth	4.07%	4.10%	95.92%	-	-
Gross Margin	65.94%	63.62%	62.55%	68.06%	52.24%
Operating Margin	18.93%	4.16%	11.55%	36.84%	129.07%
Profit Margin	7.91%	8.00%	1.37%	44.38%	84.66%
FCF Margin	21.24%	15.42%	15.08%	19.78%	-1.28%
EBITDA	280.38	211.04	262.22	340.06	446
EBITDA Margin	56.09%	38.96%	46.76%	63.36%	172.46%
EBIT	94.63	22.56	64.75	197.74	333.78
EBIT Margin	18.93%	4.16%	11.55%	36.84%	129.07%
Effective Tax Rate	25.80%	-62.44%	38.76%	-43.59%	-5.49%

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