Canadian Utilities 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	3.7B	3.7B	3.8B	4.0B	3.5B
Operating Revenue	3.5B	3.6B	3.6B	3.9B	3.4B
Cost Of Revenue	1.1B	1.1B	1.2B	1.3B	1.1B
Gross Profit	2.6B	2.6B	2.6B	2.7B	2.4B
Selling General And Administration	392.0M	449.0M	393.0M	374.0M	362.0M
General And Administrative Expense	392.0M	449.0M	393.0M	374.0M	362.0M
Depreciation And Amortization In Income Statement	1.3B	711.0M	725.0M	642.0M	651.0M
Other Operating Expenses	--	323.0M	362.0M	315.0M	361.0M
Operating Expense	1.8B	1.2B	1.6B	1.4B	1.4B
Operating Income	834.0M	1.4B	1.0B	1.3B	927.0M
EBIT	709.0M	1.1B	1.4B	1.2B	937.0M
Interest Expense	507.0M	506.0M	453.0M	403.0M	399.0M
Interest Expense Non Operating	507.0M	506.0M	453.0M	403.0M	399.0M
Interest Income	53.0M	76.0M	54.0M	36.0M	11.0M
Interest Income Non Operating	53.0M	76.0M	54.0M	36.0M	11.0M
Net Interest Income	-458.0M	-432.0M	-406.0M	-371.0M	-392.0M
Other Income Expense	-174.0M	-307.0M	303.0M	-124.0M	3.0M
Other Non Operating Income Expenses	-263.0M	-305.0M	17.0M	--	--
Special Income Charges	--	-113.0M	-7.0M	-35.0M	-16.0M
Gain On Sale Of Security	1.0M	38.0M	220.0M	-165.0M	-39.0M
Earnings From Equity Interest	88.0M	73.0M	66.0M	76.0M	58.0M
Pretax Income	202.0M	624.0M	915.0M	838.0M	538.0M
Tax Provision	72.0M	133.0M	198.0M	199.0M	138.0M
Tax Effect Of Unusual Items	356,000	-16.0M	47.5M	-47.4M	-14.1M
Net Income From Continuing And Discontinued Operation	119.0M	480.0M	707.0M	632.0M	393.0M
Net Income From Continuing Operation Net Minority Interest	119.0M	480.0M	707.0M	632.0M	393.0M
Net Income Including Noncontrolling Interests	130.0M	491.0M	717.0M	639.0M	400.0M
Minority Interests	-11.0M	-11.0M	-10.0M	-7.0M	-7.0M
Net Income Common Stockholders	42.0M	403.0M	630.0M	557.0M	328.0M
Net Income	119.0M	480.0M	707.0M	632.0M	393.0M
EBITDA	2.0B	1.8B	2.1B	1.9B	1.6B
Normalized EBITDA	2.0B	1.9B	1.9B	2.1B	1.6B
Reconciled Depreciation	1.3B	711.0M	725.0M	642.0M	651.0M
Basic EPS	0.15	1.48	2.33	2.07	1.21
Diluted EPS	0.15	1.48	2.33	2.06	1.21
Basic Average Shares	271.8M	271.4M	270.1M	269.1M	269.1M
Diluted Average Shares	272.0M	271.4M	270.3M	269.7M	269.7M
Total Unusual Items	1.0M	-75.0M	220.0M	-200.0M	-55.0M
Total Unusual Items Excluding Goodwill	1.0M	-75.0M	220.0M	-200.0M	-55.0M
Tax Rate For Calcs	0.36	0.21	0.22	0.24	0.26
Normalized Income	118.4M	539.0M	534.5M	784.6M	433.9M
Depreciation Amortization Depletion Income Statement	1.3B	711.0M	725.0M	642.0M	651.0M
Diluted NI Availto Com Stockholders	42.0M	403.0M	630.0M	557.0M	328.0M
Gain On Sale Of Business	--	-110.0M	-7.0M	-7.0M	0.00
Net Income Continuous Operations	130.0M	491.0M	717.0M	639.0M	400.0M
Net Non Operating Interest Income Expense	-458.0M	-432.0M	-406.0M	-371.0M	-392.0M
Other Special Charges	--	3.0M	--	28.0M	16.0M
Other Taxes	80.0M	78.0M	73.0M	70.0M	70.0M
Preferred Stock Dividends	77.0M	77.0M	77.0M	75.0M	65.0M
Reconciled Cost Of Revenue	1.1B	1.1B	1.2B	1.3B	1.1B
Salaries And Wages	392.0M	449.0M	393.0M	374.0M	362.0M
Total Expenses	2.9B	2.4B	2.8B	2.7B	2.6B
Total Operating Income As Reported	660.0M	1.1B	1.3B	1.2B	940.0M
Total Other Finance Cost	4.0M	2.0M	7.0M	4.0M	4.0M

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	690.0M	171.0M	207.0M	698.0M	753.0M
Cash Cash Equivalents And Short Term Investments	860.0M	332.0M	356.0M	698.0M	753.0M
Cash Equivalents	--	--	--	--	2.0M
Cash Financial	--	--	--	--	744.0M
Other Short Term Investments	170.0M	161.0M	149.0M	0.00	--
Accounts Receivable	501.0M	691.0M	709.0M	598.0M	522.0M
Receivables	658.0M	824.0M	806.0M	913.0M	801.0M
Inventory	44.0M	59.0M	64.0M	24.0M	21.0M
Prepaid Assets	--	--	--	261.0M	188.0M
Other Current Assets	101.0M	82.0M	211.0M	39.0M	102.0M
Current Assets	1.7B	1.3B	1.4B	1.9B	1.7B
Gross PPE	29.7B	28.4B	27.1B	25.3B	24.3B
Accumulated Depreciation	-8.5B	-7.7B	-7.2B	-6.7B	-6.3B
Net PPE	21.2B	20.7B	19.9B	18.6B	18.1B
Goodwill	20.0M	141.0M	141.0M	0.00	--
Goodwill And Other Intangible Assets	1.0B	1.1B	1.1B	819.0M	726.0M
Other Intangible Assets	1.0B	995.0M	976.0M	819.0M	726.0M
Investments And Advances	240.0M	235.0M	232.0M	237.0M	204.0M
Long Term Equity Investment	240.0M	235.0M	232.0M	237.0M	204.0M
Other Non Current Assets	143.0M	215.0M	292.0M	34.0M	37.0M
Total Non Current Assets	22.9B	22.5B	21.7B	20.1B	19.3B
Total Assets	24.5B	23.8B	23.2B	22.0B	21.1B
Current Debt	393.0M	325.0M	528.0M	106.0M	540.0M
Current Debt And Capital Lease Obligation	402.0M	333.0M	536.0M	113.0M	547.0M
Accounts Payable	637.0M	814.0M	820.0M	989.0M	739.0M
Payables	654.0M	826.0M	823.0M	1.0B	744.0M
Payables And Accrued Expenses	654.0M	826.0M	823.0M	1.0B	744.0M
Other Current Liabilities	13.0M	23.0M	63.0M	203.0M	127.0M
Current Liabilities	1.1B	1.2B	1.4B	1.3B	1.4B
Long Term Debt	11.9B	10.7B	10.0B	9.4B	9.0B
Long Term Debt And Capital Lease Obligation	12.0B	10.8B	10.1B	9.5B	9.0B
Long Term Capital Lease Obligation	57.0M	48.0M	46.0M	44.0M	44.0M
Other Non Current Liabilities	222.0M	172.0M	139.0M	76.0M	74.0M
Total Non Current Liabilities Net Minority Interest	16.9B	15.5B	14.6B	13.6B	12.8B
Total Liabilities Net Minority Interest	17.9B	16.7B	16.0B	14.9B	14.3B
Common Stock	1.3B	1.3B	1.3B	1.2B	1.2B
Capital Stock	2.8B	2.9B	2.8B	2.8B	2.8B
Additional Paid In Capital	15.0M	16.0M	14.0M	9.0M	8.0M
Retained Earnings	3.5B	4.0B	4.1B	3.9B	3.9B
Gains Losses Not Affecting Retained Earnings	-15.0M	28.0M	-1.0M	126.0M	-22.0M
Other Equity Adjustments	-15.0M	28.0M	-1.0M	126.0M	-22.0M
Common Stock Equity	4.9B	5.3B	5.4B	5.3B	5.1B
Stockholders Equity	6.4B	6.9B	6.9B	6.9B	6.6B
Total Equity Gross Minority Interest	6.6B	7.1B	7.2B	7.1B	6.8B
Minority Interest	215.0M	212.0M	212.0M	187.0M	187.0M
Total Capitalization	18.3B	17.6B	17.0B	16.3B	15.6B
Net Tangible Assets	5.3B	5.8B	5.8B	6.1B	5.9B
Tangible Book Value	3.8B	4.2B	4.3B	4.5B	4.3B
Working Capital	596.0M	119.0M	15.0M	550.0M	313.0M
Invested Capital	17.2B	16.4B	15.9B	14.8B	14.6B
Total Debt	12.4B	11.1B	10.6B	9.6B	9.6B
Net Debt	11.6B	10.9B	10.3B	8.8B	8.8B
Share Issued	272.1M	271.6M	270.9M	269.9M	269.3M
Ordinary Shares Number	272.1M	271.6M	270.9M	269.9M	269.3M
Capital Lease Obligations	66.0M	56.0M	54.0M	51.0M	51.0M
Commercial Paper	--	--	--	0.00	206.0M
Construction In Progress	994.0M	820.0M	500.0M	752.0M	431.0M
Current Capital Lease Obligation	9.0M	8.0M	8.0M	7.0M	7.0M
Current Provisions	--	--	--	215.0M	132.0M
Defined Pension Benefit	46.0M	55.0M	46.0M	21.0M	87.0M
Derivative Product Liabilities	3.0M	4.0M	36.0M	56.0M	14.0M
Duefrom Related Parties Current	--	--	3.0M	--	90.0M
Duefrom Related Parties Non Current	--	35.0M	30.0M	33.0M	--
Employee Benefits	215.0M	228.0M	224.0M	204.0M	268.0M
Financial Assets	14.0M	7.0M	202.0M	150.0M	49.0M
Hedging Assets Current	2.0M	4.0M	107.0M	193.0M	54.0M
Income Tax Payable	17.0M	12.0M	3.0M	12.0M	5.0M
Investmentsin Joint Venturesat Cost	240.0M	235.0M	232.0M	237.0M	204.0M
Leases	--	--	94.0M	83.0M	79.0M
Line Of Credit	19.0M	251.0M	0.00	0.00	3.0M
Loans Receivable	61.0M	61.0M	51.0M	--	--
Non Current Accounts Receivable	99.0M	112.0M	126.0M	174.0M	149.0M
Non Current Deferred Assets	58.0M	37.0M	30.0M	26.0M	33.0M
Non Current Deferred Liabilities	4.5B	4.3B	4.1B	3.8B	3.5B
Non Current Deferred Revenue	2.2B	2.1B	2.0B	2.0B	1.9B
Non Current Deferred Taxes Assets	58.0M	37.0M	30.0M	26.0M	33.0M
Non Current Deferred Taxes Liabilities	2.3B	2.2B	2.1B	1.8B	1.6B
Non Current Pension And Other Postretirement Benefit Plans	215.0M	228.0M	224.0M	204.0M	268.0M
Other Current Borrowings	374.0M	74.0M	528.0M	106.0M	331.0M
Other Inventories	21.0M	34.0M	17.0M	--	--
Other Properties	1.8B	1.7B	1.7B	1.6B	1.6B
Other Receivables	28.0M	22.0M	46.0M	43.0M	33.0M
Preferred Shares Number	--	64.0M	64.0M	64.0M	64.0M
Preferred Stock	1.5B	1.6B	1.6B	1.6B	1.6B
Preferred Stock Equity	1.5B	1.6B	1.6B	1.6B	1.6B
Restricted Cash	--	--	--	--	7.0M
Taxes Receivable	68.0M	50.0M	50.0M	29.0M	32.0M
Total Tax Payable	17.0M	12.0M	3.0M	12.0M	5.0M

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	2.1B	1.9B	1.8B	2.1B	1.7B
Cash Flow From Continuing Operating Activities	2.1B	1.9B	1.8B	2.1B	1.7B
Depreciation And Amortization	1.3B	711.0M	725.0M	642.0M	651.0M
Depreciation Amortization Depletion	1.3B	711.0M	725.0M	642.0M	651.0M
Deferred Tax	72.0M	133.0M	198.0M	199.0M	138.0M
Deferred Income Tax	72.0M	133.0M	198.0M	199.0M	138.0M
Change In Working Capital	22.0M	-83.0M	-101.0M	106.0M	48.0M
Changes In Account Receivables	--	--	--	--	-105.0M
Change In Receivables	193.0M	-49.0M	112.0M	-155.0M	-105.0M
Change In Inventory	-15.0M	-15.0M	-41.0M	-3.0M	7.0M
Change In Payables And Accrued Expense	-156.0M	-8.0M	-111.0M	264.0M	153.0M
Change In Other Working Capital	13.0M	8.0M	-54.0M	-5.0M	--
Other Non Cash Items	543.0M	496.0M	451.0M	465.0M	505.0M
Capital Expenditure	-1.6B	-1.6B	-1.3B	-1.4B	-1.2B
Purchase Of PPE	-1.4B	-1.5B	-1.2B	-1.2B	-1.1B
Net PPE Purchase And Sale	-1.4B	-1.5B	-1.2B	-1.2B	-1.0B
Purchase Of Business	-39.0M	-4.0M	-696.0M	-8.0M	-111.0M
Sale Of Business	0.00	114.0M	0.00	8.0M	0.00
Purchase Of Investment	-11.0M	-10.0M	-197.0M	0.00	--
Net Investment Purchase And Sale	-11.0M	-10.0M	-197.0M	0.00	--
Investing Cash Flow	-1.6B	-1.4B	-2.3B	-1.3B	-1.3B
Cash Flow From Continuing Investing Activities	-1.6B	-1.4B	-2.3B	-1.3B	-1.3B
Issuance Of Debt	2.1B	650.0M	1.9B	576.0M	461.0M
Repayment Of Debt	-647.0M	-374.0M	-881.0M	-561.0M	-177.0M
Net Issuance Payments Of Debt	1.5B	276.0M	991.0M	15.0M	490.0M
Issuance Of Capital Stock	219.0M	0.00	18.0M	1.0M	201.0M
Repurchase Of Capital Stock	-250.0M	0.00	--	0.00	-110.0M
Net Common Stock Issuance	18.0M	0.00	18.0M	1.0M	-117.0M
Common Stock Dividend Paid	-498.0M	-473.0M	-458.0M	-460.0M	-476.0M
Common Stock Payments	--	--	--	--	-117.0M
Financing Cash Flow	327.0M	-790.0M	-19.0M	-932.0M	-478.0M
Cash Flow From Continuing Financing Activities	327.0M	-790.0M	-19.0M	-932.0M	-478.0M
Effect Of Exchange Rate Changes	5.0M	-5.0M	1.0M	-4.0M	-6.0M
Changes In Cash	746.0M	-282.0M	-492.0M	-48.0M	-22.0M
Beginning Cash Position	-80.0M	207.0M	698.0M	750.0M	778.0M
End Cash Position	671.0M	-80.0M	207.0M	698.0M	750.0M
Free Cash Flow	494.0M	322.0M	441.0M	771.0M	497.0M
Cash Dividends Paid	-575.0M	-550.0M	-535.0M	-535.0M	-541.0M
Change In Prepaid Assets	-13.0M	-19.0M	-7.0M	5.0M	-7.0M
Common Stock Issuance	18.0M	0.00	18.0M	1.0M	--
Depreciation	1.3B	711.0M	725.0M	642.0M	651.0M
Dividend Received Cfo	79.0M	80.0M	77.0M	69.0M	45.0M
Earnings Losses From Equity Investments	-88.0M	-73.0M	-66.0M	-76.0M	-58.0M
Gain Loss On Investment Securities	3.0M	108.0M	-240.0M	89.0M	26.0M
Interest Paid Cff	-519.0M	-499.0M	-453.0M	-401.0M	-385.0M
Interest Received Cfo	48.0M	71.0M	53.0M	32.0M	10.0M
Long Term Debt Issuance	2.1B	650.0M	1.9B	576.0M	461.0M
Long Term Debt Payments	-647.0M	-374.0M	-881.0M	-355.0M	-177.0M
Net Business Purchase And Sale	-39.0M	110.0M	-696.0M	0.00	-111.0M
Net Income From Continuing Operations	130.0M	491.0M	717.0M	639.0M	400.0M
Net Intangibles Purchase And Sale	-128.0M	-105.0M	-139.0M	-145.0M	-143.0M
Net Long Term Debt Issuance	1.5B	276.0M	991.0M	221.0M	284.0M
Net Other Financing Charges	-27.0M	-17.0M	-40.0M	-12.0M	-16.0M
Net Other Investing Changes	-32.0M	85.0M	-24.0M	112.0M	40.0M
Net Preferred Stock Issuance	-49.0M	0.00	--	0.00	91.0M
Net Short Term Debt Issuance	--	--	0.00	-206.0M	206.0M
Operating Gains Losses	-85.0M	35.0M	-306.0M	13.0M	-32.0M
Pension And Employee Benefit Expense	--	--	--	--	6.0M
Preferred Stock Dividend Paid	-77.0M	-77.0M	-77.0M	-75.0M	-65.0M
Preferred Stock Issuance	201.0M	0.00	--	0.00	201.0M
Preferred Stock Payments	-250.0M	0.00	--	0.00	-110.0M
Provisionand Write Offof Assets	--	--	--	--	6.0M
Purchase Of Intangibles	-128.0M	-105.0M	-139.0M	-145.0M	-143.0M
Sale Of PPE	7.0M	1.0M	3.0M	1.0M	30.0M
Short Term Debt Issuance	--	--	--	--	206.0M
Short Term Debt Payments	--	--	0.00	-206.0M	--
Taxes Refund Paid	-41.0M	-17.0M	-34.0M	-25.0M	-47.0M