TransAlta 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	2,405	2,845	3,355	2,976	2,721
Revenue Growth (YoY)	-15.47%	-15.20%	12.73%	9.37%	29.51%
Fuel & Purchased Power	935	939	1,060	1,263	1,054
Operations & Maintenance	638	594	518	501	497
Depreciation & Amortization	579	531	621	599	529
Other Operating Expenses	37	136	82	20	226
Total Operating Expenses	2,189	2,200	2,281	2,383	2,306
Operating Income	216	645	1,074	593	415
Interest Expense	-347	-324	-281	-286	-256
Interest Income	51	44	71	43	36
Net Interest Expense	-296	-280	-210	-243	-220
Income (Loss) on Equity Investments	6	5	4	9	9
Currency Exchange Gain (Loss)	-21	5	-7	4	16
EBT Excluding Unusual Items	-95	375	861	363	220
Restructuring Charges	-15	-	-	-	-611
Total Merger & Restructuring Charges	-7	-24	-	-	-
Gain (Loss) on Sale of Assets	-7	4	4	52	54
Asset Writedown	-31	-22	14	-62	-43
Insurance Settlements	2	-	1	-	-
Other Unusual Items	12	-14	-	-	-
Pretax Income	-141	319	880	353	-380
Income Tax Expense	17	80	84	192	45
Earnings From Continuing Ops.	-158	239	796	161	-425
Minority Interest in Earnings	20	-10	-101	-111	-112
Net Income	-138	229	695	50	-537
Preferred Dividends & Other Adjustments	52	52	51	46	39
Net Income to Common	-190	177	644	4	-576
Net Income Growth	-	-67.05%	1290.00%	-	-
Shares Outstanding (Basic)	297	302	276	271	271
Shares Outstanding (Diluted)	297	302	276	271	271
Shares Change (YoY)	-1.66%	9.42%	1.85%	-	-1.46%
EPS (Basic)	-0.64	0.59	2.33	0.01	-2.13
EPS (Diluted)	-0.64	0.59	2.33	0.01	-2.13
EPS Growth	-	-74.88%	15708.49%	-	-
Free Cash Flow	397	485	589	-41	521
Free Cash Flow Per Share	1.34	1.61	2.13	-0.15	1.92
Dividend Per Share	0.260	0.240	0.220	0.210	0.190
Dividend Growth	8.33%	9.09%	4.76%	10.53%	10.14%
Profit Margin	-7.90%	6.22%	19.20%	0.13%	-21.17%
Free Cash Flow Margin	16.51%	17.05%	17.56%	-1.38%	19.15%
EBITDA	820	1,199	1,710	1,241	1,166
EBITDA Margin	34.10%	42.14%	50.97%	41.70%	42.85%
D&A For EBITDA	604	554	636	648	751
EBIT	216	645	1,074	593	415
EBIT Margin	8.98%	22.67%	32.01%	19.93%	15.25%
Effective Tax Rate	-	25.08%	9.54%	54.39%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.