The financials
Cenovus Energy Inc. by the numbers
Cenovus Energy Inc. (CVE) reported revenue of CAD 10.9B in Q4 2025 (quarter ended December 31, 2025), down 21% from the same quarter a year earlier. That came with a gross margin of 63% and net income of CAD 934M (8.6% of revenue). For the full year FY2025, revenue was CAD 49.7B (−8.4% year on year) and net income CAD 3.93B.
| Income statement | Q4 2025 | Q3 2024 | Change |
|---|---|---|---|
| Revenue | CAD 10.9B | CAD 13.8B | −21% |
| Gross profit | CAD 6.82B | CAD 6.69B | +1.8% |
| Operating income | CAD 5.45B | CAD 4.96B | +9.9% |
| Net income | CAD 934M | CAD 820M | +14% |
| Diluted EPS | CAD 0.50 | CAD 0.42 | +19% |
Oil & Gas Integrated
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