Greenfire Resources (GFR) Income Statement

Greenfire Resources reported revenue of CAD 584.39M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 26.1% from CAD 790.95M a year earlier. Net income was CAD 47.50M, down 60.9% year over year, a net margin of 8.1%. Gross margin was 36.8% and operating margin 18.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 171.47M, up 18.6% from the same quarter a year earlier.

Greenfire Resources Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Greenfire Resources Ltd. income statement - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	584.40	790.95	675.97	998.85	261.13	0.00
Cost of Revenue	411.73	532.75	396.50	486.11	178.39	0.00
Gross Profit	215.25	258.20	279.47	512.74	43.45	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	22.87	30.91	77.02	78.86	3.29	0.36
Operating Expenses	108.18	30.91	337.28	242.26	49.40	0.36
Operating Income	107.07	227.28	-57.81	270.49	-5.95	-0.36
Other Income/Expense
Interest Income	3.38	-7.91	0.00	0.00	0.00	0.00
Interest Expense	-77.57	48.52	46.68	76.33	-24.11	0.00
Other Income/Expense	-51.74	-190.75	-58.47	-226.47	667.39	0.00
Income
Income Before Tax	55.32	36.53	-116.29	44.02	661.44	-0.36
Income Tax Expense	7.82	-84.88	19.39	-87.68	0.00	0.00
Net Income	47.50	121.41	-135.67	131.70	661.44	-0.36
Net Income - Continuous Operations	47.50	121.41	-135.67	131.70	661.44	-0.36
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	187.57	199.19	-1.71	188.22	41.04	0.00
EBIT	103.69	85.05	66.04	149.75	12.74	-0.36
Depreciation & Amortization	83.88	80.42	67.89	67.87	28.29	0.36
Earnings Per Share
Basic EPS	1.00	2.00	-2.00	2.00	16.00	-
Diluted EPS	1.00	2.00	-2.00	2.00	14.00	-
Basic Shares Outstanding	72.39	71.42	54.43	68.64	42.61	7.50
Diluted Shares Outstanding	72.48	71.62	54.43	68.64	48.10	7.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Greenfire Resources Financial Statements

What was Greenfire Resources's revenue in fiscal 2025?

Greenfire Resources reported revenue of CAD 584.39M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 26.1% from CAD 790.95M a year earlier.

Is Greenfire Resources profitable?

Yes. Greenfire Resources earned net income of CAD 47.50M in fiscal 2025, a net margin of 8.1%. In fiscal 2024 it earned CAD 121.41M.

What is Greenfire Resources's operating margin?

Greenfire Resources's operating income was CAD 107.06M on revenue of CAD 584.39M in fiscal 2025, an operating margin of 18.3%, compared with 28.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition