Hemisphere Energy Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	76.69	77.12	79.71	67.7	72.22	35.31
Revenue Growth (YoY)	-9.76%	-3.26%	17.74%	-6.26%	104.57%	108.21%
Cost of Revenue	20.09	20.14	19.6	15.86	13.95	8.26
Gross Profit	56.6	56.97	60.11	51.84	58.27	27.05
Selling, General & Admin	7.69	6.55	4.94	5.47	6.69	4.34
Depreciation & Amortization Expenses	11.92	11.59	10.25	9.02	7.88	4.49
Exploration Expenses	0.16	0.15	0.17	0.12	0.14	0.06
Other Operating Expenses	0.69	0.46	0.66	3.96	6.28	3.1
Total Operating Expenses	20.45	18.74	16.02	18.57	21	11.99
Operating Income	36.15	38.23	44.09	33.27	37.28	15.06
Interest Expense	-0.42	-0.39	-0.64	-0.81	-7.62	-9.11
Other Non-Operating Income (Expense)	-0.02	0.05	0.08	-	-	-0.03
Total Non-Operating Income (Expense)	-0.44	-0.34	-0.56	-0.81	-7.62	-9.14
Pretax Income	36.84	37.89	43.53	32.47	29.66	5.92
Provision for Income Taxes	9.91	9.88	10.42	8.27	8.34	-
Net Income	26.93	28.01	33.1	24.2	21.32	5.92
Net Income to Common	26.93	28.01	33.1	24.2	21.32	5.92
Net Income Growth	-23.64%	-15.40%	36.82%	13.50%	260.21%	-
Shares Outstanding (Basic)	100	96	98	101	99	89
Shares Outstanding (Diluted)	100	98	100	101	101	92
Shares Change (YoY)	-1.01%	-2.35%	-0.80%	-0.38%	9.53%	4.80%
EPS (Basic)	0.27	0.29	0.34	0.24	0.21	0.07
EPS (Diluted)	0.27	0.29	0.33	0.24	0.21	0.06
EPS Growth	-22.86%	-12.12%	37.50%	14.29%	250.00%	-
Shares Outstanding	94.33	94.48	97.39	99.34	101.98	91.29
Free Cash Flow	-7.15	34.12	35.16	30.12	27.97	7.44
Free Cash Flow Growth	-	-2.94%	16.71%	7.71%	276.05%	-13.42%
Free Cash Flow Per Share	-0.07	0.35	0.35	0.30	0.28	0.08
Dividends Per Share	0.100	0.100	0.100	0.100	0.075	-
Dividend Growth	-	-	-	33.33%	-	-
Gross Margin	73.80%	73.88%	75.41%	76.58%	80.68%	76.62%
Operating Margin	47.14%	49.57%	55.31%	49.15%	51.61%	42.65%
Profit Margin	35.12%	36.32%	41.53%	35.74%	29.52%	16.76%
FCF Margin	-9.33%	44.25%	44.11%	44.49%	38.72%	21.07%
EBITDA	48.06	49.82	54.34	42.29	45.16	19.55
EBITDA Margin	62.67%	64.60%	68.17%	62.46%	62.53%	55.37%
EBIT	36.15	38.23	44.09	33.27	37.28	15.06
EBIT Margin	47.14%	49.57%	55.31%	49.15%	51.61%	42.65%
Effective Tax Rate	26.89%	26.08%	23.95%	25.48%	28.13%	0.00%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.