CVE — Cenovus Energy (Pre-Merger) Income Statement

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Annual income statement for Cenovus Energy (Pre-Merger), fiscal year end - December 31st, CAD millions except per share, conversion factor applied.

	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	ARS	ARS	ARS	ARS	ARS
Standards:	IFRS	IFRS	IFRS	IFRS	IFRS
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	46,357	66,897	52,204	54,277	49,696
Cost of Revenue
Gross Profit	22,876	33,096	27,489	17,636	17,008
Selling / General / Administrative Expenses
Research And Development
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	43,219	56,012	46,649	49,238	45,101
Operating Profit	3,138	10,885	5,555	5,039	4,595
Total Net Non Operating Interest Income / Expense
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	1,315	8,731	5,040	4,071	4,477
Provision for Income Taxes
Net Income After Taxes	587	6,450	4,109	3,142	3,930
Net Income Before Extraordinary Items
Net Income	587	6,450	4,109	3,142	3,930
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Dilution Adjustment
Diluted Net Income	553	6,415	4,073	3,109	3,915
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	0.638	3.25	2.15	1.69	2.22
Dividends per Share