Emera 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	8,776	7,200	7,563	7,588	5,765
Revenue Growth (YoY)	21.89%	-4.80%	-0.33%	31.62%	4.70%
Fuel & Purchased Power	2,161	1,992	1,881	2,171	1,763
Operations & Maintenance	2,316	1,901	1,866	1,584	1,355
Selling, General & Admin	15	11	8	7	8
Depreciation & Amortization	1,294	1,162	1,049	952	902
Other Operating Expenses	915	794	930	1,148	799
Total Operating Expenses	6,701	5,860	5,734	5,862	4,827
Operating Income	2,075	1,340	1,829	1,726	938
Interest Expense	-1,062	-1,004	-954	-730	-611
Interest Income	37	31	56	25	-
Net Interest Expense	-1,025	-973	-898	-705	-611
Income (Loss) on Equity Investments	63	99	146	129	143
Currency Exchange Gain (Loss)	25	-58	20	-26	3
Allowance for Equity Funds for Construction	62	53	38	52	61
Allowance for Borrowed Funds for Construction	30	23	16	21	-
Other Non-Operating Income (Expenses)	14	22	22	7	21
EBT Excluding Unusual Items	1,244	506	1,173	1,204	555
Impairment of Goodwill	-	-214	-	-73	-
Gain (Loss) on Sale of Investments	4	182	-	-	-
Asset Writedown	-75	-11	-	-	-
Other Unusual Items	-2	-54	-	63	-
Pretax Income	1,171	409	1,173	1,194	555
Income Tax Expense	81	-159	128	185	-6
Earnings From Continuing Ops.	1,090	568	1,045	1,009	561
Minority Interest in Earnings	-1	-1	-1	-1	-1
Net Income	1,089	567	1,044	1,008	560
Preferred Dividends & Other Adjustments	75	73	66.3	62.9	49.5
Net Income to Common	1,014	494	977.7	945.1	510.5
Net Income Growth	92.06%	-45.69%	3.57%	80.00%	-43.03%
Shares Outstanding (Basic)	299	289	274	266	257
Shares Outstanding (Diluted)	300	289	274	266	258
Shares Change (YoY)	3.63%	5.63%	2.97%	3.22%	3.79%
EPS (Basic)	3.39	1.71	3.57	3.56	1.98
EPS (Diluted)	3.38	1.71	3.57	3.55	1.98
EPS Growth	97.80%	-52.14%	0.56%	79.29%	-47.62%
Free Cash Flow	-1,730	-505	-696	-1,683	-1,174
Free Cash Flow Per Share	-5.77	-1.75	-2.54	-6.33	-4.56
Dividend Per Share	2.908	2.877	2.788	2.678	2.575
Dividend Growth	1.04%	3.23%	4.11%	3.98%	4.04%
Profit Margin	11.55%	6.86%	12.93%	12.46%	8.86%
Free Cash Flow Margin	-19.71%	-7.01%	-9.20%	-22.18%	-20.36%
EBITDA	3,373	2,505	2,889	2,685	1,853
EBITDA Margin	38.43%	34.79%	38.20%	35.38%	32.14%
D&A For EBITDA	1,298	1,165	1,060	959	915
EBIT	2,075	1,340	1,829	1,726	938
EBIT Margin	23.64%	18.61%	24.18%	22.75%	16.27%
Effective Tax Rate	6.92%	-	10.91%	15.49%	-
Revenue as Reported	8,776	7,200	7,563	7,588	5,765

Updated Feb 23, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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