Canadian Natural Resources Limited

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	44.2B	41.5B	40.8B	49.5B	32.9B
Operating Revenue	44.2B	41.5B	40.8B	49.5B	32.9B
Cost Of Revenue	34.8B	30.6B	29.1B	33.3B	22.3B
Gross Profit	9.4B	10.9B	11.8B	16.3B	10.6B
Selling General And Administration	795.0M	782.0M	943.0M	1.2B	880.0M
General And Administrative Expense	795.0M	782.0M	943.0M	1.2B	880.0M
Other Operating Expenses	380.0M	389.0M	366.0M	281.0M	185.0M
Operating Expense	1.2B	1.2B	1.3B	1.5B	1.1B
Operating Income	8.2B	9.7B	10.5B	14.8B	9.5B
EBIT	14.1B	8.7B	10.9B	14.4B	10.7B
Interest Expense	834.0M	592.0M	691.0M	670.0M	743.0M
Interest Expense Non Operating	834.0M	592.0M	691.0M	670.0M	743.0M
Interest Income	--	81.0M	55.0M	121.0M	32.0M
Interest Income Non Operating	--	81.0M	55.0M	121.0M	32.0M
Net Interest Income	-834.0M	-592.0M	-636.0M	-549.0M	-711.0M
Other Income Expense	5.8B	-1.1B	337.0M	-507.0M	1.1B
Special Income Charges	5.1B	0.00	0.00	0.00	478.0M
Restructuring And Mergern Acquisition	-5.1B	0.00	0.00	0.00	-478.0M
Gain On Sale Of Security	780.0M	-1.1B	337.0M	-507.0M	232.0M
Earnings From Equity Interest	--	--	0.00	0.00	400.0M
Pretax Income	13.2B	8.1B	10.2B	13.7B	9.9B
Tax Provision	2.4B	2.0B	1.9B	2.8B	2.2B
Tax Effect Of Unusual Items	1.1B	-260.8M	64.0M	-101.4M	163.3M
Net Income From Continuing And Discontinued Operation	10.8B	6.1B	8.2B	10.9B	7.7B
Net Income From Continuing Operation Net Minority Interest	10.8B	6.1B	8.2B	10.9B	7.7B
Net Income Including Noncontrolling Interests	10.8B	6.1B	8.2B	10.9B	7.7B
Net Income Common Stockholders	10.8B	6.1B	8.2B	10.9B	7.7B
Net Income	10.8B	6.1B	8.2B	10.9B	7.7B
EBITDA	23.5B	15.3B	17.3B	21.7B	16.4B
Normalized EBITDA	17.6B	16.4B	16.9B	22.2B	15.7B
Reconciled Depreciation	9.4B	6.7B	6.4B	7.4B	5.7B
Basic EPS	--	2.87	3.77	4.82	3.25
Diluted EPS	--	2.85	3.73	4.76	3.23
Basic Average Shares	--	2.1B	2.2B	2.3B	2.4B
Diluted Average Shares	--	2.1B	2.2B	2.3B	2.4B
Total Unusual Items	5.8B	-1.1B	337.0M	-507.0M	710.0M
Total Unusual Items Excluding Goodwill	5.8B	-1.1B	337.0M	-507.0M	710.0M
Tax Rate For Calcs	0.18	0.24	0.19	0.20	0.23
Normalized Income	6.0B	6.9B	8.0B	11.3B	7.1B
Diluted NI Availto Com Stockholders	10.8B	6.1B	8.2B	10.9B	7.7B
Impairment Of Capital Assets	--	--	--	--	-400.0M
Net Income Continuous Operations	10.8B	6.1B	8.2B	10.9B	7.7B
Net Non Operating Interest Income Expense	-834.0M	-592.0M	-636.0M	-549.0M	-711.0M
Other Gand A	615.0M	503.0M	452.0M	415.0M	366.0M
Reconciled Cost Of Revenue	34.8B	30.6B	29.1B	33.3B	22.3B
Salaries And Wages	180.0M	279.0M	491.0M	804.0M	514.0M
Total Expenses	35.9B	31.8B	30.4B	34.8B	23.3B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	673.0M	131.0M	877.0M	920.0M	744.0M
Cash Cash Equivalents And Short Term Investments	673.0M	131.0M	1.4B	1.4B	1.1B
Other Short Term Investments	--	0.00	525.0M	491.0M	309.0M
Accounts Receivable	4.0B	4.1B	3.2B	3.6B	3.1B
Receivables	4.0B	4.1B	3.2B	3.6B	3.1B
Inventory	2.6B	2.8B	2.0B	1.8B	1.5B
Prepaid Assets	--	--	--	--	195.0M
Other Current Assets	371.0M	355.0M	542.0M	276.0M	230.0M
Current Assets	7.7B	7.4B	7.2B	7.1B	5.9B
Gross PPE	174.9B	166.1B	150.6B	146.1B	140.8B
Accumulated Depreciation	-91.6B	-88.8B	-82.3B	-77.5B	-70.7B
Net PPE	83.3B	77.3B	68.2B	68.5B	70.2B
Other Non Current Assets	869.0M	620.0M	541.0M	553.0M	565.0M
Total Non Current Assets	84.2B	78.0B	68.8B	69.1B	70.7B
Total Assets	91.8B	85.4B	76.0B	76.1B	76.7B
Current Debt	441.0M	2.4B	980.0M	404.0M	1.0B
Current Debt And Capital Lease Obligation	441.0M	2.4B	980.0M	404.0M	1.0B
Accounts Payable	1.1B	1.1B	1.4B	1.3B	803.0M
Payables	1.7B	1.2B	1.4B	2.7B	2.4B
Payables And Accrued Expenses	6.0B	5.7B	5.0B	6.9B	5.5B
Current Accrued Expenses	4.3B	4.5B	3.5B	4.2B	3.1B
Other Current Liabilities	1.7B	1.5B	1.5B	1.4B	948.0M
Current Liabilities	8.1B	9.6B	7.4B	8.7B	7.4B
Long Term Debt	16.2B	16.4B	9.8B	11.0B	13.7B
Long Term Debt And Capital Lease Obligation	16.2B	16.4B	9.8B	11.0B	13.7B
Long Term Capital Lease Obligation	--	--	--	1.3B	1.4B
Other Non Current Liabilities	11.9B	9.3B	8.7B	8.2B	8.4B
Total Non Current Liabilities Net Minority Interest	39.4B	36.3B	28.7B	29.3B	32.3B
Total Liabilities Net Minority Interest	47.5B	45.9B	36.1B	38.0B	39.7B
Common Stock	11.4B	11.1B	10.7B	10.3B	10.2B
Capital Stock	11.4B	11.1B	10.7B	10.3B	10.2B
Retained Earnings	32.7B	28.1B	28.9B	27.7B	26.8B
Gains Losses Not Affecting Retained Earnings	219.0M	301.0M	172.0M	209.0M	-1.0M
Other Equity Adjustments	219.0M	301.0M	172.0M	209.0M	-1.0M
Common Stock Equity	44.4B	39.5B	39.8B	38.2B	36.9B
Stockholders Equity	44.4B	39.5B	39.8B	38.2B	36.9B
Total Equity Gross Minority Interest	44.4B	39.5B	39.8B	38.2B	36.9B
Total Capitalization	60.5B	55.9B	49.7B	49.2B	50.6B
Net Tangible Assets	44.4B	39.5B	39.8B	38.2B	36.9B
Tangible Book Value	44.4B	39.5B	39.8B	38.2B	36.9B
Working Capital	-399.0M	-2.2B	-268.0M	-1.6B	-1.5B
Invested Capital	61.0B	58.3B	50.6B	49.6B	51.6B
Total Debt	16.6B	18.8B	10.8B	11.4B	14.7B
Net Debt	15.9B	18.7B	9.9B	10.5B	13.9B
Share Issued	2.1B	2.1B	2.1B	2.2B	2.3B
Ordinary Shares Number	2.1B	2.1B	2.1B	2.2B	2.3B
Buildings And Improvements	699.0M	607.0M	566.0M	536.0M	508.0M
Capital Lease Obligations	--	--	--	1.5B	1.6B
Commercial Paper	0.00	672.0M	0.00	--	--
Current Capital Lease Obligation	--	--	--	244.0M	185.0M
Finished Goods	--	986.0M	546.0M	611.0M	535.0M
Income Tax Payable	597.0M	92.0M	0.00	1.3B	1.6B
Machinery Furniture Equipment	--	--	840.0M	912.0M	974.0M
Non Current Deferred Liabilities	11.3B	10.5B	10.2B	10.1B	10.2B
Non Current Deferred Taxes Liabilities	11.3B	10.5B	10.2B	10.1B	10.2B
Other Current Borrowings	441.0M	1.7B	980.0M	404.0M	1.0B
Other Properties	3.0B	1.4B	1.5B	1.4B	1.5B
Raw Materials	--	1.8B	1.5B	1.2B	1.0B
Taxes Receivable	--	--	--	--	0.00
Total Tax Payable	597.0M	92.0M	0.00	1.3B	1.6B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	15.1B	13.4B	12.4B	19.4B	14.5B
Cash Flow From Continuing Operating Activities	15.1B	13.4B	12.4B	19.4B	14.5B
Depreciation Amortization Depletion	9.4B	6.7B	6.4B	7.4B	5.7B
Stock Based Compensation	180.0M	279.0M	491.0M	804.0M	514.0M
Deferred Tax	510.0M	422.0M	53.0M	-139.0M	399.0M
Deferred Income Tax	510.0M	422.0M	53.0M	-139.0M	399.0M
Change In Working Capital	672.0M	-743.0M	-2.4B	79.0M	964.0M
Other Non Cash Items	-5.7B	-341.0M	-138.0M	-223.0M	-469.0M
Capital Expenditure	-6.8B	-5.4B	-4.9B	-5.1B	-4.5B
Purchase Of PPE	-115.0M	-92.0M	--	--	--
Net PPE Purchase And Sale	-115.0M	-92.0M	--	--	--
Purchase Of Business	0.00	-9.2B	0.00	0.00	0.00
Sale Of Investment	0.00	575.0M	0.00	0.00	128.0M
Net Investment Purchase And Sale	0.00	575.0M	0.00	0.00	128.0M
Investing Cash Flow	-6.7B	-14.1B	-4.9B	-5.0B	-3.7B
Cash Flow From Continuing Investing Activities	-6.7B	-14.1B	-4.9B	-5.0B	-3.7B
Issuance Of Debt	1.6B	2.6B	0.00	0.00	--
Repayment Of Debt	-2.1B	-1.3B	-701.0M	-4.2B	-7.2B
Net Issuance Payments Of Debt	-1.8B	6.8B	-701.0M	-4.2B	-7.2B
Repurchase Of Capital Stock	-1.4B	-2.7B	-3.3B	-5.6B	-1.6B
Net Common Stock Issuance	-1.4B	-2.7B	-3.3B	-5.6B	-1.6B
Common Stock Dividend Paid	-4.9B	-4.4B	-3.9B	-4.9B	-2.2B
Common Stock Payments	-1.4B	-2.7B	-3.3B	-5.6B	-1.6B
Financing Cash Flow	-7.9B	-37.0M	-7.5B	-14.2B	-10.2B
Cash Flow From Continuing Financing Activities	-7.9B	-37.0M	-7.5B	-14.2B	-10.2B
Changes In Cash	542.0M	-746.0M	-43.0M	176.0M	560.0M
Beginning Cash Position	131.0M	877.0M	920.0M	744.0M	184.0M
End Cash Position	673.0M	131.0M	877.0M	920.0M	744.0M
Free Cash Flow	8.3B	8.0B	7.4B	14.3B	10.0B
Income Tax Paid Supplemental Data	1.7B	1.1B	3.3B	3.1B	--
Interest Paid Supplemental Data	978.0M	586.0M	602.0M	613.0M	672.0M
Capital Expenditure Reported	-6.7B	-5.3B	-4.9B	-5.1B	-4.5B
Cash Dividends Paid	-4.9B	-4.4B	-3.9B	-4.9B	-2.2B
Gain Loss On Investment Securities	71.0M	-41.0M	-22.0M	-210.0M	-113.0M
Long Term Debt Issuance	1.6B	2.6B	0.00	0.00	--
Long Term Debt Payments	-2.1B	-1.3B	-701.0M	-4.2B	-7.2B
Net Business Purchase And Sale	0.00	-9.2B	0.00	0.00	0.00
Net Foreign Currency Exchange Gain Loss	-816.0M	1.0B	-260.0M	790.0M	-205.0M
Net Income From Continuing Operations	10.8B	6.1B	8.2B	10.9B	7.7B
Net Long Term Debt Issuance	-426.0M	1.3B	-701.0M	-4.2B	-7.2B
Net Other Financing Charges	--	--	--	69.0M	--
Net Other Investing Changes	104.0M	-124.0M	51.0M	149.0M	662.0M
Net Short Term Debt Issuance	-1.4B	5.5B	--	--	-6.2B
Operating Gains Losses	-745.0M	982.0M	-282.0M	580.0M	-318.0M
Proceeds From Stock Option Exercised	264.0M	280.0M	372.0M	442.0M	707.0M