SOBO Stock — South Bow Corp: Financials

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2024–FY2025: $416M in dividends.

Line Item	FY2025	FY2024	FY2023
Revenue	$1.99B	$2.12B	$2.01B
Cost of Revenue	$313M	$376M	$351M
Gross Profit	$1.67B	$1.74B	$1.65B
Gross Margin	84.24%	82.26%	82.49%
Depreciation & Amortization	$247M	$246M	$244M
Total Costs & Expenses	$1.27B	$1.38B	$1.31B
Operating Income	—	$1.09B	$1.07B
Operating Margin	—	51.46%	53.57%
EBITDA	—	$1.34B	$1.32B
Interest Expense	$331M	$388M	$220M
Other Non-Operating Income	$41M	$12M	$32M
Equity in Earnings of Unconsolidated Entities	$52M	$49M	$50M
Pretax Income	$497M	$418M	$562M
Income Tax	$64M	$102M	$120M
Net Income	$433M	$316M	$442M
Net Margin	21.8%	14.91%	22.04%
EPS (Basic) USD/shares	$2.08	$1.52	$2.13
EPS (Diluted) USD/shares	$2.07	$1.52	$2.13
Shares Outstanding (Basic Avg) shares	208.2M	207.6M	207.6M
Shares Outstanding (Diluted Avg) shares	208.8M	208.2M	207.6M

Debt Profile

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

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

Reported balance	As of	Amount	Source
Operating lease liabilities	2025-12-31	USD 26,000,000	40-F filed 2026-03-16
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 operating lease liabilities USD 3,000,000 Noncurrent operating lease liabilities USD 23,000,000

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

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.

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