Topaz Energy 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
Operating Revenue	324.72	299.8	306.69	356.74	198.61
Other Revenue	11.79	12.6	14.72	12.91	12.93
Revenue	336.5	312.4	321.42	369.65	211.54
Revenue Growth (YoY)	7.72%	-2.80%	-13.05%	74.74%	111.80%
Cost of Revenue	6.53	7.35	6.9	6.37	4.25
Gross Profit	329.97	305.05	314.52	363.27	207.29
Selling, General & Admin	10.81	9.58	8.38	8.47	6.36
Other Operating Expenses	-21.14	-2.89	-13.19	1.87	5.94
Operating Expenses	132.14	136.61	215.78	221.28	169.7
Operating Income	197.83	168.44	98.74	142	37.59
Interest Expense	-26.8	-27.92	-29.81	-14.18	-3.37
Pretax Income	171.04	140.52	68.93	127.82	34.22
Income Tax Expense	42.3	34.86	21.29	28.46	6.65
Earnings From Continuing Operations	128.74	105.66	47.64	99.36	27.56
Net Income	128.74	105.66	47.64	99.36	27.56
Net Income to Common	128.74	105.66	47.64	99.36	27.56
Net Income Growth	21.85%	121.76%	-52.05%	260.45%	792.33%
Shares Outstanding (Basic)	154	147	144	143	124
Shares Outstanding (Diluted)	154	147	145	143	124
Shares Change (YoY)	4.96%	1.21%	1.44%	15.23%	37.34%
EPS (Basic)	0.84	0.72	0.33	0.70	0.22
EPS (Diluted)	0.83	0.72	0.33	0.69	0.22
EPS Growth	15.28%	118.36%	-52.21%	213.64%	633.35%
Free Cash Flow	178.06	-161.63	246.04	-36.81	-757.08
Free Cash Flow Per Share	1.15	-1.10	1.69	-0.26	-6.09
Dividend Per Share	1.350	1.300	1.220	1.100	0.850
Dividend Growth	3.85%	6.56%	10.91%	29.41%	325.00%
Gross Margin	98.06%	97.65%	97.85%	98.28%	97.99%
Operating Margin	58.79%	53.92%	30.72%	38.41%	17.77%
Profit Margin	38.26%	33.82%	14.82%	26.88%	13.03%
Free Cash Flow Margin	52.91%	-51.74%	76.55%	-9.96%	-357.89%
EBITDA	332.96	293	316.13	351.45	193.01
EBITDA Margin	98.95%	93.79%	98.36%	95.08%	91.24%
D&A For EBITDA	135.13	124.56	217.39	209.46	155.42
EBIT	197.83	168.44	98.74	142	37.59
EBIT Margin	58.79%	53.92%	30.72%	38.41%	17.77%
Effective Tax Rate	24.73%	24.81%	30.89%	22.27%	19.44%
Revenue as Reported	357.84	315.45	334.74	367.9	205.69

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