$SU

SUNCOR ENERGY INC

CIK:0000311337|SEC Filings

Consolidated Statements of Comprehensive Income - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenues and Other Income
Gross revenues	$ 52,377	$ 54,881
Less: royalties	(3,469)	(4,192)
Other income	402	445
Total Revenues and Other Income	49,310	51,134
Expenses
Purchases of crude oil and products	18,053	19,115
Operating, selling and general	13,248	13,059
Transportation and distribution	1,961	1,842
Depreciation, depletion and amortization	6,916	6,954
Exploration	159	92
Gain on disposal of assets	(55)	(25)
Financing expenses	1,080	1,910
Total Expenses	41,362	42,947
Earnings (Loss) before Income Taxes	7,948	8,187
Income Tax Expense (Recovery)
Current	1,940	2,465
Deferred	90	(294)
Total Income Tax Expense (Recovery)	2,030	2,171
Net Earnings	5,918	6,016
Items That May be Subsequently Reclassified to Earnings:
Foreign currency translation adjustment	(202)	153
Items That Will Not be Reclassified to Earnings:
Actuarial gain on employee retirement benefit plans, net of income taxes	596	590
Other Comprehensive Income	394	743
Total Comprehensive Income	$ 6,312	$ 6,759
Per Common Share (dollars)
Net earnings - basic	$ 4.85	$ 4.72
Net earnings - diluted	4.85	4.72
Cash dividends	$ 2.31	$ 2.22

Consolidated Statements of Cash Flows - CAD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Operating Activities

Net earnings

$ 5,918

$ 6,016

Adjustments for:

Depreciation, depletion and amortization

6,916

6,954

Deferred income tax expense (recovery)

(294)

Accretion

576

592

Unrealized foreign exchange (gain) loss on U.S. dollar denominated debt

(403)

714

Change in fair value of financial instruments and trading inventory

(106)

(122)

Gain on disposal of assets

(55)

(25)

Loss on extinguishment of long-term debt

170

Share-based compensation

(57)

Settlement of decommissioning and restoration liabilities

(505)

(488)

Other

344

386

(Increase) decrease in non-cash working capital

(2)

2,114

Cash flow provided by operating activities

12,781

15,960

Investing Activities

Capital expenditures

(5,856)

(6,483)

Proceeds from disposal of assets

Other investments

(29)

(52)

(Increase) decrease in non-cash working capital

(203)

Cash flow used in investing activities

(6,022)

(6,472)

Financing Activities

Net decrease in short-term debt

(503)

Repayment of long-term debt

(1,000)

(1,566)

Issuance of long-term debt

996

Lease liability payments

(690)

(471)

Issuance of common shares under share option plans

181

385

Repurchase of common shares

^[1]

(3,129)

(2,908)

Distributions relating to non-controlling interest

(17)

(16)

Dividends paid on common shares

(2,809)

(2,803)

Cash flow used in financing activities

(6,468)

(7,882)

Increase in Cash and Cash Equivalents

291

1,606

Effect of foreign exchange on cash and cash equivalents

(125)

149

Cash and cash equivalents at beginning of year

3,484

1,729

Cash and Cash Equivalents at End of Year

3,650

3,484

Supplementary Cash Flow Information

Interest paid

898

914

Income taxes paid

$ 1,727

$ 1,751

[1]	Includes $56 million of taxes paid on 2025 share repurchases and $48 million of taxes paid on 2024 share repurchases for the year ended December 31, 2025.

Consolidated Balance Sheets - CAD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 3,650	$ 3,484
Accounts receivable	5,087	5,245
Inventories	5,121	5,041
Income taxes receivable	371	518
Total current assets	14,229	14,288
Property, plant and equipment, net	68,428	68,512
Exploration and evaluation	1,742	1,742
Other assets	1,977	1,559
Goodwill and other intangible assets	3,455	3,503
Deferred income taxes	82	180
Total assets	89,913	89,784
Current liabilities
Current portion of long-term debt	973	997
Current portion of long-term lease liabilities	638	599
Accounts payable and accrued liabilities	7,523	8,161
Current portion of provisions	1,056	958
Income taxes payable	20	32
Total current liabilities	10,210	10,747
Long-term debt	9,014	9,348
Long-term lease liabilities	3,879	3,745
Other long-term liabilities	1,416	1,502
Provisions	12,108	11,931
Deferred income taxes	8,162	7,997
Equity	45,124	44,514
Total liabilities and shareholders' equity	$ 89,913	$ 89,784