Fortis Inc.

FTS · XNYS

CIK 1666175fmd_0EAERVH6X3PKV5J5HA8BJNFM27Transportation, Communications, Electric, Gas and Sanitary Services · Electric ServicesTemplate: Utilities

Coverage: Jan 01, 2015 to Dec 31, 2025, 21 periods

Income Statement · Annual · Millions · CAD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	6,838	8,301	8,390	8,783	8,935	9,448	11,043	11,517	11,508	12,170
Cost of revenue	–	2,361	2,495	2,520	2,562	2,951	3,952	3,771	3,249	3,371
Gross profit	–	5,940	5,895	6,263	6,373	6,497	7,091	7,746	8,259	8,799
Depreciation and amortization	983	1,179	1,243	1,350	1,428	1,505	1,668	1,773	1,927	2,057
Gain on sale of real estate	0	–	–	–	–	–	–	–	–	–
Total operating expenses	2,031	2,250	2,287	2,452	2,437	2,523	2,683	2,889	3,040	3,250
Operating income	1,483	2,511	2,365	3,038	2,508	2,469	2,740	3,084	3,292	3,492
Interest expense	678	914	974	1,035	1,042	1,003	1,102	1,305	1,406	1,478
Interest and investment income	7	14	15	16	13	–	–	–	–	–
Other non-operating income (expense)	53	116	60	138	154	173	165	291	288	340
Income before taxes	858	1,713	1,451	2,141	1,620	1,639	1,803	2,070	2,174	2,354
Income tax expense	145	588	165	289	231	234	289	360	346	393
Net income from continuing operations	713	1,125	1,286	1,852	1,389	1,405	1,514	1,710	1,828	1,961
Net income	713	1,125	1,286	1,852	1,389	1,405	1,514	1,710	1,828	1,961
Net income to common shareholders	585	963	1,100	1,655	1,209	1,231	1,330	1,506	1,606	1,714