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NYSE · CRUDE PETROLEUM & NATURAL GAS

Vermilion Energy Inc. VET

10 fiscal years on record · CAD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
CAD 1.8B
▲ 14.1% YoY
CAD -653.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Vermilion is a global gas producer that acquires, explores and develops liquids-rich natural gas in Canada and conventional natural gas in Europe, while operating low-decline oil assets. The company operates in two geographic regions, North America and International, and its business within these regions is managed at the country level through business units that form the basis of its operating segments. As at December 31, 2025, in Canada it held an average 75% working interest in 872,859 acres of developed land and an average 84% working interest in 803,574 acres of undeveloped land. Vermilion entered France in 1997 and completed three additional acquisitions there in subsequent years. Its Netherlands assets consist of 24 onshore concessions, which are 100% operated, and 15 offshore concessions, which are non-operated. It holds a 56.5% operated interest in the offshore Corrib natural gas field and related processing facilities located off the northwest coast of Ireland.

Written from the business description in VERMILION ENERGY INC.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

CAD 1.8B
Revenue, FY2025 · full 10-year series below
Revenue CAD B Net income CAD B
FY2025 · Revenue 1.8 · Net income -0.7
2B3B-1B-2B
2016201920222025
Compound annual growth
−19.7%
+9.1%
+22.9%
−8.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−37 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Net -37.0%
20%40%-50%-100%
201620202025
ROE
FY2025 · ROE -26.0%
20%40%60%-50%
201620202025
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Each CAD of equity lost 26 cents this year.

Cash & shareholders

CAD 79.9M
returned in FY2025 · dividends + net buybacks
Net buybacks CAD M Dividends CAD M
FY2025 · Dividends 79.9 · Net buybacks ·
150M300MDividendsNet buybacks
2016201720182019202020212022202320242025

CAD 79.9M in dividends went back to shareholders in a year without profit.

CashCAD 19.1M
Gross debtCAD 1.2B
Net debtCAD 1.2B

Net debt stands at 55% of equity.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · CAD
row low → row highnegative—not applicable◌not available in our data
VET, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue CAD B1.81.52.03.42.01.11.71.51.00.8
Operating income CAD B◌◌◌◌◌◌◌◌◌◌
EBITDA CAD B◌◌◌◌◌◌◌◌◌◌
Income tax CAD B0.00.0−0.00.70.2−0.40.10.10.1−0.1
Net income CAD B−0.7−0.0−0.21.31.1−1.50.00.30.1−0.2
EPS, diluted CAD −4.25−0.30−1.457.806.97−9.610.211.910.51−1.38
Dividend / sh CAD 0.520.480.400.280.000.582.762.722.58◌
Payout %−12−161−2620−81194122321−65
ROE %−26.0−1.6−7.448.076.8−89.81.212.54.0−10.1
Shares out B0.150.150.160.160.160.160.160.150.120.12

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure in 38 reconciliationsAUDITED

Reconciled in 9 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated inoutside the United States — SEC code A0
Fiscal year endsDecember 31
Data on record since2016

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