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Vermilion Energy Inc. — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Total Revenue 1.9B 1.6B 2.2B 3.7B 2.2B
Revenue Growth % 14.9% -25.5% -40.9% 67.1% --
Operating Revenue 1.9B 1.6B 2.2B 3.7B 2.2B
Cost Of Revenue 880.1M 749.7M 1.1B 1.1B 904.9M
+Gross Profit 1.0B 889.6M 1.1B 2.6B 1.3B
Gross Margin % 53.3% 54.3% 50.8% 69.7% 59.4%
Selling General And Administration 123.6M 103.9M 123.5M 102.1M 171.6M
General And Administrative Expense 123.6M 103.9M 123.5M 102.1M 171.6M
Other Operating Expenses 713.0M 598.6M 680.4M 626.1M 456.6M
Operating Expense 836.6M 702.5M 803.9M 728.2M 628.2M
+Operating Income 167.5M 187.1M 314.3M 1.9B 693.8M
Operating Margin % 8.9% 11.4% 14.3% 50.1% 31.2%
EBIT -192.1M 14.7M -193.1M 2.1B 1.5B
Interest Expense 132.7M 84.6M 85.2M 82.9M 73.1M
Interest Expense Non Operating 132.7M 84.6M 85.2M 82.9M 73.1M
Net Interest Income -132.7M -84.6M -85.2M -82.9M -73.1M
Other Income Expense -359.6M -172.4M -507.4M 268.9M 761.2M
Other Non Operating Income Expenses -5.5M -13.1M -420,000 11.1M 21.4M
Special Income Charges -572.2M 0.00 -929.0M 192.1M 1.3B
Restructuring And Mergern Acquisition -- 0.00 -439.5M 0.00 -17.2M
Write Off -- -- 1.0B -192.1M -1.3B
Gain On Sale Of Security 218.1M -159.3M 422.0M 65.6M -580.1M
Pretax Income -324.8M -69.9M -278.3M 2.1B 1.4B
Tax Provision 40.0M 26.2M -40.7M 738.0M 233.2M
Tax Effect Of Unusual Items -53.1M -23.9M -74.1M 92.7M 124.8M
Net Income From Continuing And Discontinued Operation -653.6M -46.7M -237.6M 1.3B 1.1B
Net Income From Continuing Operation Net Minority Interest -364.8M -96.2M -237.6M 1.3B 1.1B
Net Income Including Noncontrolling Interests -653.6M -46.7M -237.6M 1.3B 1.1B
+Net Income Common Stockholders -653.6M -46.7M -237.6M 1.3B 1.1B
Net Margin % -34.7% -2.9% -10.8% 35.3% 51.6%
Net Income -653.6M -46.7M -237.6M 1.3B 1.1B
EBITDA 551.3M 697.9M 519.5M 2.7B 2.0B
Normalized EBITDA 905.4M 857.2M 1.0B 2.5B 1.3B
Reconciled Depreciation 743.4M 683.2M 712.6M 577.1M 571.7M
Basic EPS -4.25 -0.30 -1.45 8.03 7.13
Diluted EPS -4.25 -0.30 -1.45 7.80 6.97
Basic Average Shares 153.9M 158.1M 163.7M 163.5M 161.2M
Diluted Average Shares 153.9M 158.1M 163.7M 168.4M 164.8M
Total Unusual Items -354.1M -159.3M -507.0M 257.7M 739.8M
Total Unusual Items Excluding Goodwill -354.1M -159.3M -507.0M 257.7M 739.8M
Tax Rate For Calcs 0.15 0.15 0.15 0.36 0.17
Normalized Income -63.8M 39.2M 195.3M 1.1B 533.8M
Diluted NI Availto Com Stockholders -653.6M -46.7M -237.6M 1.3B 1.1B
Gain On Sale Of Ppe -- 0.00 -352.4M 0.00 --
Impairment Of Capital Assets 572.2M -- -- -- -1.3B
Net Income Continuous Operations -364.8M -96.2M -237.6M 1.3B 1.1B
Net Income Discontinuous Operations -288.8M 49.4M -- -- --
Net Non Operating Interest Income Expense -132.7M -84.6M -85.2M -82.9M -73.1M
Other Gand A 98.5M 74.0M 80.7M 57.7M 130.0M
Reconciled Cost Of Revenue 880.1M 749.7M 1.1B 1.1B 904.9M
Salaries And Wages 25.2M 29.9M 42.8M 44.4M 41.6M
Total Expenses 1.7B 1.5B 1.9B 1.9B 1.5B
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Cash Equivalents 19.1M 131.7M 141.5M 13.8M 6.0M
Cash Cash Equivalents And Short Term Investments 19.1M 131.7M 141.5M 13.8M 6.0M
Cash Equivalents 0.00 6.8M 661,000 135,000 127,000
Cash Financial 19.1M 124.9M 140.8M 13.7M 5.9M
Accounts Receivable 261.5M 298.5M 242.9M 373.7M 328.6M
Receivables 273.5M 298.5M 242.9M 373.7M 328.6M
Inventory 46.6M 40.7M 57.3M 19.7M 20.1M
Prepaid Assets 49.4M 71.1M 68.0M 144.5M 98.8M
Current Assets 467.3M 582.3M 823.5M 714.4M 472.8M
Gross PPE 14.3B 14.2B 13.4B 12.5B 11.3B
Accumulated Depreciation -9.5B -9.0B -8.3B -6.6B -6.2B
Net PPE 4.8B 5.2B 5.1B 6.0B 5.1B
Investments And Advances 43.9M 78.9M 73.3M 56.4M 0.00
Total Non Current Assets 4.9B 5.5B 5.4B 6.3B 5.4B
Total Assets 5.3B 6.1B 6.2B 7.0B 5.9B
Accounts Payable 470.8M 425.4M 380.4M 481.4M 440.7M
Payables 493.9M 557.6M 695.3M 836.2M 477.8M
Payables And Accrued Expenses 493.9M 557.6M 695.3M 836.2M 477.8M
Other Current Liabilities 60.7M 106.5M 732,000 55.8M 269.0M
Current Liabilities 554.5M 664.2M 696.1M 892.0M 746.8M
Long Term Debt 1.2B 963.5M 914.0M 1.1B 1.7B
Long Term Debt And Capital Lease Obligation 1.3B 1.0B 947.0M 1.1B 1.7B
Long Term Capital Lease Obligation 49.3M 55.0M 33.0M 51.5M 60.2M
Total Non Current Liabilities Net Minority Interest 2.6B 2.6B 2.5B 2.7B 3.1B
Total Liabilities Net Minority Interest 3.1B 3.3B 3.2B 3.6B 3.8B
Common Stock 3.9B 3.9B 4.1B 4.2B 4.2B
Capital Stock 3.9B 3.9B 4.1B 4.2B 4.2B
Additional Paid In Capital 46.5M 45.2M 43.3M 35.4M 49.5M
Retained Earnings -2.0B -1.3B -1.3B -1.0B -2.3B
Gains Losses Not Affecting Retained Earnings 283.8M 135.8M 109.3M 123.5M 28.5M
Other Equity Adjustments 283.8M 135.8M 109.3M 123.5M 28.5M
Common Stock Equity 2.2B 2.8B 3.0B 3.4B 2.1B
Stockholders Equity 2.2B 2.8B 3.0B 3.4B 2.1B
Total Equity Gross Minority Interest 2.2B 2.8B 3.0B 3.4B 2.1B
Total Capitalization 3.5B 3.8B 3.9B 4.5B 3.7B
Net Tangible Assets 2.2B 2.8B 3.0B 3.4B 2.1B
Tangible Book Value 2.2B 2.8B 3.0B 3.4B 2.1B
Working Capital -87.3M -81.9M 127.4M -177.6M -274.0M
Invested Capital 3.5B 3.8B 3.9B 4.5B 3.7B
Total Debt 1.3B 1.0B 947.0M 1.1B 1.7B
Net Debt 1.2B 831.7M 772.6M 1.1B 1.6B
Share Issued 152.9M 154.3M 162.3M 163.2M 162.3M
Ordinary Shares Number 152.9M 154.3M 162.3M 163.2M 162.3M
Available For Sale Securities 43.9M 78.9M -- -- --
Capital Lease Obligations 49.3M 55.0M 33.0M 51.5M 60.2M
Derivative Product Liabilities 52.9M 86.0M 21.1M 0.00 51.2M
Dividends Payable 0.00 18.5M 16.2M 13.1M 0.00
Financial Assets 25.3M 13.9M 76.1M 132.6M 0.00
Finished Goods 46.6M 40.7M 57.3M 19.7M 20.1M
Hedging Assets Current 78.7M 40.3M 313.8M 162.8M 19.3M
Income Tax Payable 23.1M 113.7M 298.7M 341.7M 37.2M
Investmentin Financial Assets 43.9M 78.9M 73.3M 56.4M 0.00
Long Term Provisions 905.2M 1.2B 1.2B 1.1B 1.0B
Non Current Deferred Assets 19.0M 197.7M 182.1M 125.5M 375.0M
Non Current Deferred Liabilities 317.0M 364.8M 381.0M 477.3M 328.8M
Non Current Deferred Taxes Assets 19.0M 197.7M 182.1M 125.5M 375.0M
Non Current Deferred Taxes Liabilities 317.0M 364.8M 381.0M 477.3M 328.8M
Other Properties 13.8B 13.8B 13.0B 12.1B 10.8B
Properties 497.2M 460.3M 432.3M 476.6M 408.5M
Taxes Receivable 12.0M 0.00 -- -- --
Total Tax Payable 23.1M 113.7M 298.7M 341.7M 37.2M
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Operating Cash Flow 943.7M 967.8M 1.0B 1.8B 834.5M
Cash Flow From Continuing Operating Activities 943.7M 967.8M 1.0B 1.8B 834.5M
Depreciation Amortization Depletion 743.4M 683.2M 712.6M 577.1M 571.7M
Stock Based Compensation 18.8M 15.6M 42.8M 44.4M 41.6M
Deferred Tax -37.6M -38.0M -190.2M 288.7M 187.3M
Deferred Income Tax -37.6M -38.0M -190.2M 288.7M 187.3M
Change In Working Capital -4.1M -182.7M -61.1M 216.9M -56.9M
Other Non Cash Items 7.1M 25.0M -418.3M 22.5M -1.4M
Capital Expenditure -634.9M -623.0M -732.5M -551.8M -374.8M
Purchase Of PPE -634.9M -623.0M -732.5M -551.8M -374.8M
Net PPE Purchase And Sale -634.9M -623.0M -535.5M -551.8M -374.8M
Purchase Of Business -1.1B -12.7M -142.3M -510.3M -131.6M
Sale Of Business 483.5M 0.00 197.0M 0.00 --
Purchase Of Investment 0.00 -9.4M -21.6M -23.3M 0.00
Sale Of Investment 41.8M 0.00 -- -- --
Net Investment Purchase And Sale 41.8M -9.4M -21.6M -23.3M 0.00
Investing Cash Flow -1.2B -634.9M -576.4M -1.1B -469.7M
Cash Flow From Continuing Investing Activities -1.2B -634.9M -576.4M -1.1B -469.7M
Issuance Of Debt 1.0B 0.00 0.00 499.0M 0.00
Repayment Of Debt -916.9M -133.1M -163.4M -1.1B -363.4M
Net Issuance Payments Of Debt 317.3M -133.1M -163.4M -644.0M -363.4M
Repurchase Of Capital Stock -35.7M -140.7M -94.8M -71.7M 0.00
Net Common Stock Issuance -35.7M -140.7M -94.8M -71.7M 0.00
Common Stock Payments -35.7M -140.7M -94.8M -71.7M 0.00
Financing Cash Flow 180.9M -344.1M -320.3M -748.4M -363.4M
Cash Flow From Continuing Financing Activities 180.9M -344.1M -320.3M -748.4M -363.4M
Effect Of Exchange Rate Changes 1.5M 1.5M -137,000 1.2M -2.2M
Changes In Cash -114.2M -11.2M 127.8M 6.6M 1.3M
Beginning Cash Position 131.7M 141.5M 13.8M 6.0M 6.9M
End Cash Position 19.1M 131.7M 141.5M 13.8M 6.0M
Free Cash Flow 308.7M 344.8M 292.1M 1.3B 459.7M
Income Tax Paid Supplemental Data 125.6M 263.0M 306.9M 144.8M 13.2M
Interest Paid Supplemental Data 131.2M 85.6M 84.5M 75.0M 71.4M
Asset Impairment Charge 944.5M 0.00 1.0B -192.1M -1.3B
Cash Dividends Paid -98.4M -73.0M -62.1M -32.7M 0.00
Gain Loss On Investment Securities -116.3M 452.9M -179.7M -540.8M 181.1M
Gain Loss On Sale Of Business -- 0.00 352.4M 0.00 --
Long Term Debt Issuance 1.0B 0.00 0.00 499.0M 0.00
Long Term Debt Payments -916.9M -133.1M -163.4M -1.1B -363.4M
Net Business Purchase And Sale -605.2M -12.7M 54.7M -510.3M -131.6M
Net Foreign Currency Exchange Gain Loss 41.4M 58.5M -12.4M 84.5M 65.0M
Net Income From Continuing Operations -653.6M -46.7M -237.6M 1.3B 1.1B
Net Long Term Debt Issuance 91.4M -133.1M -163.4M -644.0M -363.4M
Net Other Financing Charges -2.3M 2.8M -- -- --
Net Other Investing Changes -40.4M 10.2M -19.4M 26.1M 36.7M
Net Short Term Debt Issuance 225.9M 0.00 -- -- -341.3M
Operating Gains Losses -74.9M 511.3M 160.2M -456.3M 246.1M
Sale Of PPE -- 0.00 197.0M -- --
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