Tamarack Valley 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	1,348	1,404	1,406	1,180	598.92
Revenue Growth (YoY)	-4.03%	-0.17%	19.19%	97.03%	203.20%
Cost of Revenue	311.93	312.67	235.81	186.63	117.96
Gross Profit	1,036	1,091	1,171	993.4	480.96
Selling, General & Admin	64.87	50.27	44.43	35.54	24.01
Depreciation & Amortization Expenses	530.61	588.02	631.06	377.68	212.34
Other Operating Expenses	406.47	85.15	141.87	-6.9	394.74
Total Operating Expenses	1,002	723.43	817.36	406.32	631.08
Operating Income	33.62	368.03	353.3	587.07	-150.12
Interest Expense	-84.74	-95.84	-111.88	-56.23	-26.34
Other Non-Operating Income (Expense)	11.02	-62.87	16.16	-40.26	-87.4
Total Non-Operating Income (Expense)	-73.72	-158.71	-95.72	-96.49	-113.74
Pretax Income	-40.1	209.32	257.58	490.58	-263.86
Provision for Income Taxes	-3.75	47.1	47.16	99.49	-129.26
Net Income	-36.35	162.22	210.42	391.1	-134.6
Net Income to Common	-36.35	162.22	210.42	391.1	-134.6
Net Income Growth	-	-22.91%	-46.20%	-	-
Shares Outstanding (Basic)	485	543	557	460	354
Shares Outstanding (Diluted)	485	547	560	464	361
Shares Change (YoY)	-11.40%	-2.34%	20.63%	28.69%	61.94%
EPS (Basic)	-0.08	0.30	0.17	0.75	1.10
EPS (Diluted)	-0.08	0.30	0.17	0.74	1.08
EPS Growth	-	76.47%	-77.03%	-31.48%	-
Shares Outstanding	484.58	521.41	556.18	556.44	406.94
Free Cash Flow	378.88	382.31	115.17	346.8	110.33
Free Cash Flow Growth	-0.90%	231.95%	-66.79%	214.33%	394.42%
Free Cash Flow Per Share	0.78	0.70	0.21	0.75	0.31
Dividends Per Share	0.154	0.150	0.150	0.117	-
Dividend Growth	2.43%	0.33%	28.75%	-	-
Gross Margin	76.85%	77.73%	83.23%	84.18%	80.31%
Operating Margin	2.50%	26.21%	25.12%	49.75%	-25.07%
Profit Margin	-2.70%	11.55%	14.96%	33.14%	-22.47%
FCF Margin	28.12%	27.23%	8.19%	29.39%	18.42%
EBITDA	564.24	956.05	984.36	964.76	62.22
EBITDA Margin	41.87%	68.09%	69.99%	81.76%	10.39%
EBIT	33.62	368.03	353.3	587.07	-150.12
EBIT Margin	2.50%	26.21%	25.12%	49.75%	-25.07%
Effective Tax Rate	9.35%	22.50%	18.31%	20.28%	48.99%

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