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
Revenue	357.84	315.45	334.74	367.9	205.69
Revenue Growth (YoY)	13.44%	-5.76%	-9.01%	78.86%	110.22%
Gross Profit	357.84	315.45	334.74	367.9	205.69
Selling, General & Admin	18.15	14.94	11.58	9.96	8.34
Depreciation & Amortization Expenses	135.13	124.56	217.39	209.46	155.42
Other Operating Expenses	6.53	7.35	6.9	6.37	4.25
Total Operating Expenses	159.81	146.85	235.87	225.79	168.01
Operating Income	198.03	168.6	98.88	142.12	37.68
Interest Expense	-26.99	-28.08	-29.94	-14.3	-3.47
Other Non-Operating Income (Expense)	21.34	3.05	13.33	-1.75	-5.85
Total Non-Operating Income (Expense)	-5.66	-25.03	-16.62	-16.04	-9.32
Pretax Income	171.04	140.52	68.93	127.82	34.22
Provision for Income Taxes	42.3	34.86	21.29	28.46	6.65
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%	118.18%	-52.17%	213.64%	633.33%
Shares Outstanding	153.99	153.46	144.74	144.21	139.33
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
Dividends 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	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	55.34%	53.45%	29.54%	38.63%	18.32%
Profit Margin	35.98%	33.49%	14.23%	27.01%	13.40%
FCF Margin	49.76%	-51.24%	73.50%	-10.01%	-368.07%
EBITDA	333.16	293.16	316.27	351.57	193.1
EBITDA Margin	93.10%	92.93%	94.48%	95.56%	93.88%
EBIT	198.03	168.6	98.88	142.12	37.68
EBIT Margin	55.34%	53.45%	29.54%	38.63%	18.32%
Effective Tax Rate	24.73%	24.81%	30.88%	22.27%	19.44%

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