Baytex Energy Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,057	3,329	2,713	2,326	1,529	811.74
Revenue Growth (YoY)	-8.89%	22.71%	16.63%	52.13%	88.37%	-45.36%
Cost of Revenue	1,012	1,053	933.99	660.68	460.95	408.16
Gross Profit	2,046	2,276	1,779	1,665	1,068	403.58
Selling, General & Admin	89	81.75	69.79	50.27	40.8	34.27
Other Operating Expenses	61.12	19.13	-4.29	214.69	300.25	-20.36
Operating Expenses	1,468	1,505	1,994	643.56	-710.44	523.77
Operating Income	577.69	770.86	-214.82	1,022	1,779	-120.19
Interest Expense	-196.31	-222.8	-171.77	-86.67	-96.93	-113.15
Currency Exchange Gain (Loss)	-52.91	-155.9	10.85	-43.44	2.87	-8.69
Other Non Operating Income (Expenses)	-2.78	6.69	0.46	-3.24	2.56	5.3
EBT Excluding Unusual Items	325.69	398.86	-375.29	888.48	1,687	-236.73
Gain (Loss) on Sale of Assets	4.55	-1.22	-141.3	4.9	9.67	0.9
Asset Writedown	-	-	-	-	-	-2,360
Other Unusual Items	2.76	-24.35	-	-2.46	-1.85	-3.31
Pretax Income	332.99	373.29	-516.58	890.92	1,695	-2,599
Income Tax Expense	118.36	136.69	-283.23	35.31	81.24	-160.39
Net Income	214.63	236.6	-233.36	855.61	1,614	-2,439
Net Income to Common	214.63	236.6	-233.36	855.61	1,614	-2,439
Net Income Growth	-	-	-	-46.98%	-	-
Shares Outstanding (Basic)	773	803	705	558	564	561
Shares Outstanding (Diluted)	777	808	705	564	572	561
Shares Change (YoY)	-4.76%	14.59%	25.02%	-1.36%	1.95%	0.65%
EPS (Basic)	0.28	0.29	-0.33	1.53	2.86	-4.35
EPS (Diluted)	0.27	0.29	-0.33	1.52	2.82	-4.35
EPS Growth	-	-	-	-46.10%	-	-
Free Cash Flow	419.76	593.85	239.61	648.83	396.62	70.48
Free Cash Flow Per Share	0.54	0.73	0.34	1.15	0.69	0.13
Dividend Per Share	0.090	0.090	0.045	-	-	-
Dividend Growth	-	100.00%	-	-	-	-
Gross Margin	66.91%	68.38%	65.57%	71.60%	69.85%	49.72%
Operating Margin	18.90%	23.16%	-7.92%	43.93%	116.32%	-14.81%
Profit Margin	7.02%	7.11%	-8.60%	36.78%	105.53%	-300.46%
Free Cash Flow Margin	13.73%	17.84%	8.83%	27.89%	25.94%	8.68%
EBITDA	1,905	2,179	1,696	1,387	2,327	389.18
EBITDA Margin	62.30%	65.45%	62.52%	59.63%	152.18%	47.94%
D&A For EBITDA	1,327	1,408	1,911	365.23	548.36	509.37
EBIT	577.69	770.86	-214.82	1,022	1,779	-120.19
EBIT Margin	18.90%	23.16%	-7.92%	43.93%	116.32%	-14.81%
Effective Tax Rate	35.54%	36.62%	-	3.96%	4.79%	-
Revenue as Reported	3,057	3,329	2,713	2,326	1,529	811.74

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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