Total Energy Services 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	1,065	906.78	892.4	759.81	431.58
Revenue Growth (YoY)	17.42%	1.61%	17.45%	76.05%	18.00%
Cost of Revenue	820.37	681.36	678.25	589.81	323.09
Gross Profit	244.37	225.42	214.15	170	108.48
Selling, General & Admin	60.03	53.78	49.01	40.81	29.04
Depreciation & Amortization Expenses	92.46	90.33	80.81	78.81	83.07
Other Operating Expenses	-10.74	-0.21	-3.83	-2.13	-6.57
Total Operating Expenses	141.76	143.9	126	117.5	105.53
Operating Income	93.24	79.84	84.62	49.34	-1.41
Interest Expense	-4.95	-8.16	-17.43	-7.37	-6.84
Total Non-Operating Income (Expense)	-4.95	-8.16	-17.43	-7.37	-6.84
Pretax Income	97.66	73.36	70.72	45.13	-3.89
Provision for Income Taxes	23.31	12.63	29.13	7.13	-3.46
Net Income	74.22	60.8	41.63	38.01	-0.36
Minority Interest in Earnings	0.13	-0.08	-0.03	-0.01	-0.07
Net Income to Common	74.22	60.8	41.63	38.01	-0.36
Net Income Growth	22.07%	46.07%	9.52%	-	-
Shares Outstanding (Basic)	37	39	40	42	44
Shares Outstanding (Diluted)	38	40	41	43	45
Shares Change (YoY)	-4.27%	-3.61%	-4.26%	-3.79%	-0.91%
EPS (Basic)	1.99	1.56	1.03	0.90	-0.01
EPS (Diluted)	1.95	1.53	1.01	0.88	-0.01
EPS Growth	27.45%	51.48%	14.77%	-	-
Shares Outstanding	36.35	38.1	39.98	41.5	43
Free Cash Flow	106.37	74.83	70.7	86.67	60.59
Free Cash Flow Growth	42.15%	5.84%	-18.42%	43.03%	-12.46%
Free Cash Flow Per Share	2.80	1.89	1.72	2.02	1.36
Dividends Per Share	0.400	0.360	0.320	0.180	-
Dividend Growth	11.11%	12.50%	77.78%	-	-
Gross Margin	22.95%	24.86%	24.00%	22.37%	25.14%
Operating Margin	8.76%	8.81%	9.48%	6.49%	-0.33%
Profit Margin	6.98%	6.70%	4.66%	5.00%	-0.10%
FCF Margin	9.99%	8.25%	7.92%	11.41%	14.04%
EBITDA	185.7	170.17	165.44	128.16	81.65
EBITDA Margin	17.44%	18.77%	18.54%	16.87%	18.92%
EBIT	93.24	79.84	84.62	49.34	-1.41
EBIT Margin	8.76%	8.81%	9.48%	6.49%	-0.33%
Effective Tax Rate	23.87%	17.22%	41.19%	15.81%	88.99%

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