Canadian Natural Resources Limited

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Total Revenue	10.7B	11.1B	9.7B	12.7B	11.1B
Operating Revenue	10.7B	11.1B	9.7B	12.7B	11.1B
Cost Of Revenue	8.6B	9.7B	7.4B	9.2B	8.2B
Gross Profit	2.1B	1.4B	2.3B	3.6B	2.9B
Selling General And Administration	243.0M	215.0M	159.0M	178.0M	171.0M
General And Administrative Expense	243.0M	215.0M	159.0M	178.0M	171.0M
Other Operating Expenses	104.0M	95.0M	90.0M	91.0M	98.0M
Operating Expense	347.0M	310.0M	249.0M	269.0M	269.0M
Operating Income	1.8B	1.1B	2.1B	3.3B	2.6B
EBIT	7.1B	580.0M	3.0B	3.4B	1.7B
Interest Expense	245.0M	93.0M	238.0M	258.0M	142.0M
Interest Expense Non Operating	245.0M	93.0M	238.0M	258.0M	142.0M
Net Interest Income	-245.0M	-93.0M	-238.0M	-258.0M	-142.0M
Other Income Expense	5.3B	-504.0M	987.0M	67.0M	-862.0M
Special Income Charges	5.0B	0.00	80.0M	--	0.00
Restructuring And Mergern Acquisition	-5.0B	0.00	-80.0M	--	0.00
Gain On Sale Of Security	310.0M	-504.0M	907.0M	67.0M	-862.0M
Pretax Income	6.8B	487.0M	2.8B	3.1B	1.6B
Tax Provision	1.5B	-113.0M	350.0M	639.0M	448.0M
Tax Effect Of Unusual Items	1.2B	-75.6M	118.4M	14.1M	-243.5M
Net Income From Continuing And Discontinued Operation	5.3B	600.0M	2.5B	2.5B	1.1B
Net Income From Continuing Operation Net Minority Interest	5.3B	600.0M	2.5B	2.5B	1.1B
Net Income Including Noncontrolling Interests	5.3B	600.0M	2.5B	2.5B	1.1B
Net Income Common Stockholders	5.3B	600.0M	2.5B	2.5B	1.1B
Net Income	5.3B	600.0M	2.5B	2.5B	1.1B
EBITDA	9.6B	3.8B	4.8B	5.2B	3.6B
Normalized EBITDA	4.3B	4.3B	3.8B	5.2B	4.5B
Reconciled Depreciation	2.5B	3.2B	1.8B	1.9B	1.9B
Basic EPS	2.55	--	1.17	1.17	0.54
Diluted EPS	2.54	--	1.17	1.17	0.54
Basic Average Shares	2.1B	--	2.1B	2.1B	2.1B
Diluted Average Shares	2.1B	--	2.1B	2.1B	2.1B
Total Unusual Items	5.3B	-504.0M	987.0M	67.0M	-862.0M
Total Unusual Items Excluding Goodwill	5.3B	-504.0M	987.0M	67.0M	-862.0M
Tax Rate For Calcs	0.23	0.15	0.12	0.21	0.28
Normalized Income	1.2B	1.0B	1.6B	2.4B	1.8B
Diluted NI Availto Com Stockholders	5.3B	600.0M	2.5B	2.5B	1.1B
Net Income Continuous Operations	5.3B	600.0M	2.5B	2.5B	1.1B
Net Non Operating Interest Income Expense	-245.0M	-93.0M	-238.0M	-258.0M	-142.0M
Other Gand A	160.0M	152.0M	151.0M	152.0M	127.0M
Reconciled Cost Of Revenue	8.6B	9.7B	7.4B	9.2B	8.2B
Salaries And Wages	83.0M	63.0M	8.0M	26.0M	44.0M
Total Expenses	8.9B	10.0B	7.6B	9.4B	8.5B

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Cash And Cash Equivalents	673.0M	113.0M	102.0M	93.0M	131.0M
Cash Cash Equivalents And Short Term Investments	673.0M	113.0M	102.0M	93.0M	131.0M
Other Short Term Investments	--	--	--	--	0.00
Accounts Receivable	4.0B	3.7B	3.9B	3.9B	4.1B
Receivables	4.0B	3.7B	3.9B	3.9B	4.1B
Inventory	2.6B	2.8B	2.7B	2.7B	2.8B
Other Current Assets	371.0M	554.0M	578.0M	589.0M	355.0M
Current Assets	7.7B	7.2B	7.2B	7.2B	7.4B
Gross PPE	174.9B	171.3B	168.2B	167.1B	166.1B
Accumulated Depreciation	-91.6B	-93.8B	-90.9B	-90.3B	-88.8B
Net PPE	83.3B	77.5B	77.3B	76.8B	77.3B
Other Non Current Assets	869.0M	948.0M	724.0M	745.0M	620.0M
Total Non Current Assets	84.2B	78.4B	78.0B	77.6B	78.0B
Total Assets	91.8B	85.6B	85.3B	84.8B	85.4B
Current Debt	441.0M	829.0M	1.4B	1.4B	2.4B
Current Debt And Capital Lease Obligation	441.0M	829.0M	1.4B	1.4B	2.4B
Accounts Payable	1.1B	1.3B	1.2B	1.2B	1.1B
Payables	1.7B	1.9B	1.6B	1.3B	1.2B
Payables And Accrued Expenses	6.0B	6.0B	5.8B	5.7B	5.7B
Current Accrued Expenses	4.3B	4.2B	4.2B	4.4B	4.5B
Other Current Liabilities	1.7B	1.5B	1.4B	1.5B	1.5B
Current Liabilities	8.1B	8.3B	8.5B	8.6B	9.6B
Long Term Debt	16.2B	16.4B	15.7B	16.0B	16.4B
Long Term Debt And Capital Lease Obligation	16.2B	16.4B	15.7B	16.0B	16.4B
Other Non Current Liabilities	11.9B	10.4B	9.2B	9.1B	9.3B
Total Non Current Liabilities Net Minority Interest	39.4B	36.8B	35.5B	35.7B	36.3B
Total Liabilities Net Minority Interest	47.5B	45.1B	44.0B	44.4B	45.9B
Common Stock	11.4B	11.3B	11.3B	11.3B	11.1B
Capital Stock	11.4B	11.3B	11.3B	11.3B	11.1B
Retained Earnings	32.7B	28.9B	29.8B	28.9B	28.1B
Gains Losses Not Affecting Retained Earnings	219.0M	235.0M	205.0M	297.0M	301.0M
Other Equity Adjustments	219.0M	235.0M	205.0M	297.0M	301.0M
Common Stock Equity	44.4B	40.5B	41.3B	40.4B	39.5B
Stockholders Equity	44.4B	40.5B	41.3B	40.4B	39.5B
Total Equity Gross Minority Interest	44.4B	40.5B	41.3B	40.4B	39.5B
Total Capitalization	60.5B	56.9B	57.0B	56.4B	55.9B
Net Tangible Assets	44.4B	40.5B	41.3B	40.4B	39.5B
Tangible Book Value	44.4B	40.5B	41.3B	40.4B	39.5B
Working Capital	-399.0M	-1.1B	-1.3B	-1.4B	-2.2B
Invested Capital	61.0B	57.7B	58.4B	57.9B	58.3B
Total Debt	16.6B	17.3B	17.1B	17.4B	18.8B
Net Debt	15.9B	17.2B	17.0B	17.3B	18.7B
Share Issued	2.1B	2.1B	2.1B	2.1B	2.1B
Ordinary Shares Number	2.1B	2.1B	2.1B	2.1B	2.1B
Buildings And Improvements	699.0M	666.0M	648.0M	623.0M	607.0M
Commercial Paper	0.00	829.0M	553.0M	566.0M	672.0M
Finished Goods	--	--	--	--	986.0M
Income Tax Payable	597.0M	540.0M	430.0M	127.0M	92.0M
Machinery Furniture Equipment	--	--	--	--	--
Non Current Deferred Liabilities	11.3B	10.0B	10.5B	10.7B	10.5B
Non Current Deferred Taxes Liabilities	11.3B	10.0B	10.5B	10.7B	10.5B
Other Current Borrowings	441.0M	--	817.0M	863.0M	1.7B
Other Properties	3.0B	1.4B	1.3B	1.3B	1.4B
Raw Materials	--	--	--	--	1.8B
Total Tax Payable	597.0M	540.0M	430.0M	127.0M	92.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Cash Flow	3.8B	3.9B	3.1B	4.3B	3.4B
Cash Flow From Continuing Operating Activities	3.8B	3.9B	3.1B	4.3B	3.4B
Depreciation Amortization Depletion	2.5B	3.2B	1.8B	1.9B	1.9B
Stock Based Compensation	83.0M	63.0M	8.0M	26.0M	44.0M
Deferred Tax	1.0B	-532.0M	-88.0M	128.0M	227.0M
Deferred Income Tax	1.0B	-532.0M	-88.0M	128.0M	227.0M
Change In Working Capital	134.0M	432.0M	24.0M	82.0M	-563.0M
Other Non Cash Items	-5.0B	-317.0M	-162.0M	-237.0M	-93.0M
Capital Expenditure	-1.5B	-2.1B	-1.9B	-1.3B	-1.3B
Purchase Of PPE	--	--	--	--	-19.0M
Net PPE Purchase And Sale	5.0M	--	--	--	-19.0M
Purchase Of Business	0.00	--	--	--	-9.2B
Sale Of Investment	0.00	0.00	0.00	--	0.00
Net Investment Purchase And Sale	0.00	0.00	0.00	--	0.00
Investing Cash Flow	-1.2B	-2.2B	-1.9B	-1.3B	-10.4B
Cash Flow From Continuing Investing Activities	-1.2B	-2.2B	-1.9B	-1.3B	-10.4B
Issuance Of Debt	1.6B	--	471.0M	--	2.6B
Repayment Of Debt	-108.0M	-910.0M	-82.0M	-1.5B	-84.0M
Net Issuance Payments Of Debt	-561.0M	-198.0M	389.0M	-1.5B	8.0B
Repurchase Of Capital Stock	-294.0M	-309.0M	-359.0M	-487.0M	-551.0M
Net Common Stock Issuance	-294.0M	-309.0M	-359.0M	-487.0M	-551.0M
Common Stock Dividend Paid	-1.2B	-1.2B	-1.2B	-1.2B	-1.1B
Common Stock Payments	-294.0M	-309.0M	-359.0M	-487.0M	-551.0M
Financing Cash Flow	-2.0B	-1.7B	-1.2B	-3.0B	6.4B
Cash Flow From Continuing Financing Activities	-2.0B	-1.7B	-1.2B	-3.0B	6.4B
Changes In Cash	560.0M	11.0M	9.0M	-38.0M	-590.0M
Beginning Cash Position	113.0M	102.0M	93.0M	131.0M	721.0M
End Cash Position	673.0M	113.0M	102.0M	93.0M	131.0M
Free Cash Flow	2.3B	1.9B	1.2B	3.0B	2.1B
Income Tax Paid Supplemental Data	525.0M	283.0M	229.0M	685.0M	187.0M
Interest Paid Supplemental Data	238.0M	246.0M	237.0M	257.0M	105.0M
Capital Expenditure Reported	-1.5B	-2.1B	-1.9B	-1.3B	-1.3B
Cash Dividends Paid	-1.2B	-1.2B	-1.2B	-1.2B	-1.1B
Gain Loss On Investment Securities	-77.0M	160.0M	-15.0M	3.0M	-4.0M
Long Term Debt Issuance	1.6B	--	471.0M	--	2.6B
Long Term Debt Payments	-108.0M	-910.0M	-82.0M	-1.5B	-84.0M
Net Business Purchase And Sale	0.00	--	--	--	-9.2B
Net Foreign Currency Exchange Gain Loss	-216.0M	323.0M	-877.0M	-46.0M	782.0M
Net Income From Continuing Operations	5.3B	600.0M	2.5B	2.5B	1.1B
Net Long Term Debt Issuance	1.5B	-910.0M	389.0M	-1.5B	2.6B
Net Other Investing Changes	249.0M	-173.0M	-26.0M	-15.0M	49.0M
Net Short Term Debt Issuance	-2.1B	712.0M	--	--	5.5B
Operating Gains Losses	-293.0M	483.0M	-892.0M	-43.0M	778.0M
Proceeds From Stock Option Exercised	73.0M	40.0M	39.0M	112.0M	32.0M
Sale Of PPE	5.0M	--	--	--	--