Westgate Energy Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	3.15	1.02	0.15
Revenue Growth (YoY)	208.16%	586.09%	-
Cost of Revenue	1.72	0.88	0.04
Gross Profit	1.44	0.14	0.11
Selling, General & Admin	2.11	1.46	0.11
Other Operating Expenses	0.09	0.06	0.01
Operating Expenses	3.59	1.82	0.12
Operating Income	-2.15	-1.67	-0.01
Interest Expense	-0	-0.27	-
Interest & Investment Income	0.18	0.16	-
EBT Excluding Unusual Items	-1.97	-1.78	-0.01
Other Unusual Items	-1.07	0.06	-
Pretax Income	-3.04	-1.72	-0.01
Net Income	-3.04	-1.72	-0.01
Net Income to Common	-3.04	-1.72	-0.01
Shares Outstanding (Basic)	43	19	4
Shares Outstanding (Diluted)	43	19	4
Shares Change (YoY)	119.34%	386.79%	-
EPS (Basic)	-0.07	-0.09	-0.00
EPS (Diluted)	-0.07	-0.09	-0.00
Free Cash Flow	-8.38	-5.36	-0
Free Cash Flow Per Share	-0.20	-0.28	-
Gross Margin	45.54%	13.82%	74.93%
Operating Margin	-68.12%	-163.54%	-4.41%
Profit Margin	-96.36%	-168.22%	-4.41%
Free Cash Flow Margin	-265.60%	-523.91%	-1.18%
EBITDA	-0.92	-1.32	0.01
EBITDA Margin	-29.17%	-128.46%	3.55%
D&A For EBITDA	1.23	0.36	0.01
EBIT	-2.15	-1.67	-0.01
EBIT Margin	-68.12%	-163.54%	-4.41%
Revenue as Reported	3.15	1.02	0.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.