Tenaz 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	798.01	568.27	115.45	119.99	56.28	31.51
Revenue Growth (YoY)	592.03%	392.22%	-3.79%	113.20%	78.62%	225.83%
Cost of Revenue	165.04	123.9	34.54	25.62	9.33	5.72
Gross Profit	632.97	444.37	80.91	94.37	46.95	25.79
Selling, General & Admin	16.65	15.71	12.6	9.24	6.32	2.83
Depreciation & Amortization Expenses	153.2	111.6	20.87	19.96	6.43	4.66
Other Operating Expenses	37.98	35.44	10.12	9.26	-1.32	-8.24
Total Operating Expenses	207.83	162.75	43.6	38.47	11.44	-0.75
Operating Income	425.14	281.62	37.32	55.9	35.51	26.54
Interest Income	5.81	5.28	4.38	3.51	-	-
Interest Expense	-23.35	-18.39	-0.45	1	-0.1	-0.29
Other Non-Operating Income (Expense)	-76.41	-284.36	0.57	-20.59	1.38	2.16
Total Non-Operating Income (Expense)	-93.95	-297.47	4.5	-16.08	1.28	1.87
Pretax Income	85	268.74	-17.04	21	5.9	8.34
Provision for Income Taxes	-124.84	-46.88	-9.33	-5.55	0.66	-
Net Income	209.84	315.61	-7.71	26.55	5.24	8.34
Net Income to Common	209.84	315.61	-7.71	26.55	5.24	8.34
Net Income Growth	-	-	-	406.91%	-37.20%	-
Shares Outstanding (Basic)	29	28	27	27	28	15
Shares Outstanding (Diluted)	33	32	27	29	29	15
Shares Change (YoY)	10.93%	16.22%	-6.71%	0.61%	94.13%	36.58%
EPS (Basic)	7.79	11.18	-0.28	0.97	0.18	0.57
EPS (Diluted)	6.36	10.02	-0.28	0.91	0.18	0.56
EPS Growth	-	-	-	405.56%	-67.86%	-
Shares Outstanding	32.21	31.79	27.61	26.79	28.09	28.44
Free Cash Flow	-29.8	-6.58	-11.98	-9.68	-7.75	-6.45
Free Cash Flow Per Share	-0.92	-0.21	-0.44	-0.33	-0.27	-0.43
Gross Margin	79.32%	78.20%	70.09%	78.65%	83.43%	81.86%
Operating Margin	53.27%	49.56%	32.32%	46.59%	63.10%	84.24%
Profit Margin	26.30%	55.54%	-6.68%	22.12%	9.31%	26.47%
FCF Margin	-3.73%	-1.16%	-10.38%	-8.07%	-13.78%	-20.46%
EBITDA	578.34	393.22	58.19	75.86	41.94	31.2
EBITDA Margin	72.47%	69.20%	50.40%	63.22%	74.53%	99.03%
EBIT	425.14	281.62	37.32	55.9	35.51	26.54
EBIT Margin	53.27%	49.56%	32.32%	46.59%	63.10%	84.24%
Effective Tax Rate	-146.86%	-17.44%	54.74%	-26.43%	11.16%	0.00%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.