Hemisphere 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	77.12	79.71	67.7	72.22	35.31
Revenue Growth (YoY)	-3.26%	17.74%	-6.26%	104.57%	108.21%
Cost of Revenue	20.14	19.6	15.86	13.95	8.26
Gross Profit	56.97	60.11	51.84	58.27	27.05
Selling, General & Admin	6.55	4.94	5.47	6.69	4.34
Depreciation & Amortization Expenses	11.59	10.25	9.02	7.88	4.49
Exploration Expenses	0.15	0.17	0.12	0.14	0.06
Other Operating Expenses	0.46	0.66	3.96	6.28	3.1
Total Operating Expenses	18.74	16.02	18.57	21	11.99
Operating Income	38.23	44.09	33.27	37.28	15.06
Interest Expense	-0.39	-0.64	-0.81	-7.62	-9.11
Other Non-Operating Income (Expense)	0.05	0.08	-	-	-0.03
Total Non-Operating Income (Expense)	-0.34	-0.56	-0.81	-7.62	-9.14
Pretax Income	37.89	43.53	32.47	29.66	5.92
Provision for Income Taxes	9.88	10.42	8.27	8.34	-
Net Income	28.01	33.1	24.2	21.32	5.92
Net Income to Common	28.01	33.1	24.2	21.32	5.92
Net Income Growth	-15.40%	36.82%	13.50%	260.21%	-
Shares Outstanding (Basic)	96	98	101	99	89
Shares Outstanding (Diluted)	98	100	101	101	92
Shares Change (YoY)	-2.35%	-0.80%	-0.38%	9.53%	4.80%
EPS (Basic)	0.29	0.34	0.24	0.21	0.07
EPS (Diluted)	0.29	0.33	0.24	0.21	0.06
EPS Growth	-12.12%	37.50%	14.29%	250.00%	-
Shares Outstanding	94.48	97.39	99.34	101.98	91.29
Free Cash Flow	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	0.35	0.35	0.30	0.28	0.08
Dividends Per Share	0.100	0.100	0.100	0.075	-
Dividend Growth	-	-	33.33%	-	-
Gross Margin	73.88%	75.41%	76.58%	80.68%	76.62%
Operating Margin	49.57%	55.31%	49.15%	51.61%	42.65%
Profit Margin	36.32%	41.53%	35.74%	29.52%	16.76%
FCF Margin	44.25%	44.11%	44.49%	38.72%	21.07%
EBITDA	49.82	54.34	42.29	45.16	19.55
EBITDA Margin	64.60%	68.17%	62.46%	62.53%	55.37%
EBIT	38.23	44.09	33.27	37.28	15.06
EBIT Margin	49.57%	55.31%	49.15%	51.61%	42.65%
Effective Tax Rate	26.08%	23.95%	25.48%	28.13%	0.00%

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