Tenaz Energy Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	366.95	115.45	119.99	56.28	31.51	9.67
Revenue Growth (YoY)	194.52%	-3.79%	113.20%	78.62%	225.83%	-57.76%
Cost of Revenue	85.29	34.54	25.62	9.33	5.72	5.03
Gross Profit	281.66	80.91	94.37	46.95	25.79	4.64
Selling, General & Admin	15.26	12.6	9.24	6.32	2.83	1.88
Depreciation & Amortization Expenses	69.24	20.87	19.96	6.43	4.66	3.71
Other Operating Expenses	31.95	10.12	9.26	-1.32	-8.24	20.43
Total Operating Expenses	116.45	43.6	38.47	11.44	-0.75	26.02
Operating Income	165.21	37.32	55.9	35.51	26.54	-21.38
Interest Income	4.77	4.38	3.51	-	-	-
Interest Expense	-12.01	-0.45	1	-0.1	-0.29	-0.3
Other Non-Operating Income (Expense)	-213.91	0.57	-20.59	1.38	2.16	0.59
Total Non-Operating Income (Expense)	-221.15	4.5	-16.08	1.28	1.87	0.29
Pretax Income	188.41	-17.04	21	5.9	8.34	-20.55
Provision for Income Taxes	-13.61	-9.33	-5.55	0.66	-	-1.56
Net Income	202.02	-7.71	26.55	5.24	8.34	-18.99
Net Income to Common	202.02	-7.71	26.55	5.24	8.34	-18.99
Net Income Growth	10885.37%	-	406.91%	-37.20%	-	-
Shares Outstanding (Basic)	28	27	27	28	15	11
Shares Outstanding (Diluted)	33	27	29	29	15	11
Shares Change (YoY)	11.92%	-6.71%	0.61%	94.13%	36.58%	-90.00%
EPS (Basic)	7.19	-0.28	0.97	0.18	0.57	-1.74
EPS (Diluted)	6.11	-0.28	0.91	0.18	0.56	-1.74
EPS Growth	12120.00%	-	405.56%	-67.86%	-	-
Free Cash Flow	42.42	-11.98	-9.68	-7.75	-6.45	-5.47
Free Cash Flow Per Share	1.30	-0.44	-0.33	-0.27	-0.43	-0.50
Gross Margin	76.76%	70.09%	78.65%	83.43%	81.86%	48.00%
Operating Margin	45.02%	32.32%	46.59%	63.10%	84.24%	-221.10%
Profit Margin	55.05%	-6.68%	22.12%	9.31%	26.47%	-196.42%
FCF Margin	11.56%	-10.38%	-8.07%	-13.78%	-20.46%	-56.55%
EBITDA	234.45	58.19	75.86	41.94	31.2	-17.67
EBITDA Margin	63.89%	50.40%	63.22%	74.53%	99.03%	-182.71%
EBIT	165.21	37.32	55.9	35.51	26.54	-21.38
EBIT Margin	45.02%	32.32%	46.59%	63.10%	84.24%	-221.10%
Effective Tax Rate	-7.22%	54.74%	-26.43%	11.16%	0.00%	7.59%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.