CVE · Cenovus Energy Inc. · Financials

$31.01 +0.33 (+1.08%) Q4 2025 earnings call transcript

S&P/TSX 60 member S&P/TSX Composite member Rebalance outlook locked

Market Cap

$56.58B

1.84B

Volume · Nov 2 8.63M Avg daily vol (3M) 6.83M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

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Revenue

49.7B -8.4%

FY2025

Net Income

3.93B +25.1%

FY2025

Gross Margin

34.22% +1.7pp

FY2025

Diluted EPS

2.15 +28.7%

FY2025

Operating Cash Flow

8.23B -10.9%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Revenue CAD	-9.4%	+29.7%	+15.7%	49.7B	54.28B	52.2B	66.9B	46.36B	13.54B	20.54B	20.84B	17.04B	11.01B	11.53B
Research & Development CAD	—	—	—	—	—	—	—	—	—	20M	25M	36M	36M	27M
General & Administrative CAD	-2.1%	+22.7%	—	812M	794M	688M	865M	849M	292M	331M	1.02B	300M	318M	—
Interest Expense CAD	-11.5%	+1.2%	+4.1%	569M	514M	538M	820M	1.08B	536M	511M	627M	645M	390M	381M
Pretax Income CAD	-20.0%	—	+17.5%	4.48B	4.07B	5.04B	8.73B	1.32B	-3.23B	1.4B	-3.93B	2.22B	-802M	890M
Income Tax CAD	-37.9%	—	—	547M	929M	931M	2.28B	728M	-851M	-797M	-1.01B	-52M	-343M	-24M
Net Income CAD	-15.2%	—	+20.3%	3.93B	3.14B	4.11B	6.45B	587M	-2.38B	2.19B	-2.67B	3.37B	-545M	618M

Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2015–FY2025: 7.3B in buybacks, 5.52B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

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Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Borrowings	2025-12-31	CAD 11,000,000,000	40-F filed 2026-02-19
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current borrowings, including current portion of noncurrent borrowings CAD 11,032,000,000 Current portion of long-term borrowings CAD 0 Noncurrent long-term borrowings CAD 11,032,000,000 Short-term borrowings CAD 0
Lease liabilities	2025-12-31	CAD 3,175,000,000	40-F filed 2026-02-19
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current lease liabilities CAD 369,000,000 Noncurrent lease liabilities CAD 2,806,000,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Key facts CIK 1475260 CUSIP 15135U109 13F (30d) 166 filings 149 filers Visit website Investor relations