Tourmaline Oil 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	6,303	5,650	6,242	8,678	5,122
Revenue Growth (YoY)	11.56%	-9.49%	-28.07%	69.43%	138.87%
Cost of Revenue	2,464	2,158	1,888	1,728	1,339
Gross Profit	3,839	3,492	4,354	6,950	3,782
Selling, General & Admin	251.53	227.96	178.52	132.11	103.7
Depreciation & Amortization Expenses	3,000	1,552	1,303	1,185	846.54
Other Operating Expenses	513.88	509.25	638.42	1,116	387.91
Operating Income	73.27	1,203	2,234	4,518	2,444
Interest Expense	-111.39	-120.78	-64.97	-51.53	-66.86
Other Non-Operating Income (Expense)	382.03	576.11	10.24	1,440	146.27
Total Non-Operating Income (Expense)	270.64	455.32	-54.73	1,389	79.41
Pretax Income	343.91	1,658	2,179	5,906	2,523
Provision for Income Taxes	81.23	393.82	443.49	1,419	494.02
Net Income	262.67	1,264	1,736	4,487	2,029
Net Income to Common	262.67	1,264	1,736	4,487	2,029
Net Income Growth	-79.22%	-27.18%	-61.31%	121.10%	228.09%
Shares Outstanding (Basic)	382	357	341	336	312
Shares Outstanding (Diluted)	384	360	345	343	317
Shares Change (YoY)	6.58%	4.30%	0.83%	8.13%	16.43%
EPS (Basic)	0.69	3.54	5.09	13.37	6.49
EPS (Diluted)	0.68	3.51	5.03	13.10	6.40
EPS Growth	-80.63%	-30.22%	-61.60%	104.69%	181.94%
Shares Outstanding	387.06	373.68	351.35	338.69	330.86
Free Cash Flow	367.32	470.63	2,325	2,742	864.19
Free Cash Flow Growth	-21.95%	-79.76%	-15.20%	217.28%	1993.69%
Free Cash Flow Per Share	0.96	1.31	6.73	8.00	2.73
Dividends Per Share	2.000	1.320	1.050	0.900	0.670
Dividend Growth	51.52%	25.71%	16.67%	34.33%	34.00%
Gross Margin	60.91%	61.80%	69.76%	80.09%	73.85%
Operating Margin	1.16%	21.29%	35.79%	52.06%	47.72%
Profit Margin	4.17%	22.37%	27.81%	51.71%	39.62%
FCF Margin	5.83%	8.33%	37.25%	31.60%	16.87%
EBITDA	3,074	2,755	3,538	5,702	3,291
EBITDA Margin	48.76%	48.75%	56.67%	65.71%	64.25%
EBIT	73.27	1,203	2,234	4,518	2,444
EBIT Margin	1.16%	21.29%	35.79%	52.06%	47.72%
Effective Tax Rate	23.62%	23.75%	20.35%	24.03%	19.58%

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