Trican Well Service Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,096	980.84	972.68	866.3	562.48
Revenue Growth (YoY)	11.76%	0.84%	12.28%	54.01%	41.68%
Cost of Revenue	795.28	717.16	697.97	639.19	445.87
Gross Profit	300.91	263.68	274.71	227.11	116.61
Selling, General & Admin	57.49	43.79	39.55	37.75	29.86
Other Operating Expenses	-0.62	-2.79	-2.69	-0.69	-0.07
Operating Expenses	144.91	118.54	114.06	117.28	117.6
Operating Income	155.99	145.14	160.65	109.82	-0.99
Interest Expense	-4.4	-2.48	-2.59	-2.57	-1.97
Currency Exchange Gain (Loss)	-0.28	-0.52	-0.06	0.27	-0.27
EBT Excluding Unusual Items	151.32	142.14	158	107.53	-3.23
Merger & Restructuring Charges	-4.36	-0.74	-0.15	-2.1	-0.42
Gain (Loss) on Sale of Assets	0.89	4.12	1.11	2.46	2.55
Other Unusual Items	-	-	-	-	13.08
Pretax Income	147.86	145.51	158.97	107.88	11.98
Income Tax Expense	35.66	36.03	37.96	28.67	-0.08
Earnings From Continuing Operations	112.19	109.48	121.01	79.22	12.06
Earnings From Discontinued Operations	-	-	-	-	5.16
Net Income to Company	112.19	109.48	121.01	79.22	17.22
Net Income	112.19	109.48	121.01	79.22	17.22
Net Income to Common	112.19	109.48	121.01	79.22	17.22
Net Income Growth	2.48%	-9.53%	52.76%	360.02%	-
Shares Outstanding (Basic)	193	200	217	241	253
Shares Outstanding (Diluted)	196	203	221	247	258
Shares Change (YoY)	-3.63%	-8.26%	-10.22%	-4.32%	-2.29%
EPS (Basic)	0.58	0.55	0.56	0.33	0.07
EPS (Diluted)	0.57	0.54	0.55	0.32	0.07
EPS Growth	5.56%	-1.82%	71.88%	370.44%	-
Free Cash Flow	104.69	79.78	169.17	48.61	20.21
Free Cash Flow Per Share	0.54	0.39	0.76	0.20	0.08
Dividend Per Share	0.210	0.180	0.160	-	-
Dividend Growth	16.67%	12.50%	-	-	-
Gross Margin	27.45%	26.88%	28.24%	26.22%	20.73%
Operating Margin	14.23%	14.80%	16.52%	12.68%	-0.18%
Profit Margin	10.23%	11.16%	12.44%	9.14%	3.06%
Free Cash Flow Margin	9.55%	8.13%	17.39%	5.61%	3.59%
EBITDA	239.13	218.24	234.53	186.79	84.23
EBITDA Margin	21.82%	22.25%	24.11%	21.56%	14.97%
D&A For EBITDA	83.14	73.1	73.88	76.97	85.22
EBIT	155.99	145.14	160.65	109.82	-0.99
EBIT Margin	14.23%	14.80%	16.52%	12.68%	-0.18%
Effective Tax Rate	24.12%	24.76%	23.88%	26.57%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.