Calfrac Well Services Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,477	1,567	1,864	1,499	880.25	705.44
Revenue Growth (YoY)	-8.13%	-15.92%	24.35%	70.32%	24.78%	-56.48%
Cost of Revenue	1,347	1,457	1,596	1,353	923.79	846.93
Gross Profit	129.79	110.49	268.13	146.13	-43.54	-141.49
Selling, General & Admin	58.75	64.82	60.61	62.2	42.76	48.88
Operating Expenses	58.75	64.82	60.61	62.2	42.76	48.88
Operating Income	71.04	45.66	207.51	83.93	-86.3	-190.37
Interest Expense	-33.97	-36.42	-34.66	-48.8	-37.74	-91.27
Interest & Investment Income	3.08	5.21	4.96	2.25	-	-
Currency Exchange Gain (Loss)	-8.1	4.14	-22.38	2.97	-4.66	-15.48
EBT Excluding Unusual Items	32.05	18.6	155.44	40.35	-128.7	-297.12
Gain (Loss) on Sale of Assets	-2.18	-0.86	4.63	-5.33	-0.41	-0.02
Asset Writedown	-12.69	-12.69	41.56	-10.73	-0.71	-227.72
Other Unusual Items	-	-	-	-	8.2	369.24
Pretax Income	17.18	5.05	201.63	24.28	-121.61	-155.61
Income Tax Expense	-3.82	-3.49	4.06	-11.02	-26.88	168.62
Earnings From Continuing Operations	20.99	8.54	197.57	35.3	-94.73	-324.24
Earnings From Discontinued Operations	-0.78	1.85	-6.9	-23.63	11.92	-
Net Income to Company	20.21	10.38	190.67	11.68	-82.81	-324.24
Net Income	20.21	10.38	190.67	11.68	-82.81	-324.24
Net Income to Common	20.21	10.38	190.67	11.68	-82.81	-324.24
Net Income Growth	-27.86%	-94.56%	1532.88%	-	-	-
Shares Outstanding (Basic)	86	86	81	43	38	4
Shares Outstanding (Diluted)	86	86	88	85	38	4
Shares Change (YoY)	-2.04%	-2.47%	4.32%	125.39%	789.02%	46.06%
EPS (Basic)	0.24	0.12	2.35	0.27	-2.21	-76.78
EPS (Diluted)	0.24	0.12	2.16	0.19	-2.21	-76.78
EPS Growth	-25.38%	-94.40%	1059.76%	-	-	-
Free Cash Flow	57.51	-58.95	113	27.72	-78.77	-21.67
Free Cash Flow Per Share	0.67	-0.69	1.28	0.33	-2.10	-5.13
Gross Margin	8.79%	7.05%	14.38%	9.75%	-4.95%	-20.06%
Operating Margin	4.81%	2.91%	11.13%	5.60%	-9.80%	-26.99%
Profit Margin	1.37%	0.66%	10.23%	0.78%	-9.41%	-45.96%
Free Cash Flow Margin	3.89%	-3.76%	6.06%	1.85%	-8.95%	-3.07%
EBITDA	200.94	167.71	313.58	197.82	34.47	-30.6
EBITDA Margin	13.60%	10.70%	16.82%	13.20%	3.92%	-4.34%
D&A For EBITDA	129.9	122.04	106.07	113.89	120.77	159.78
EBIT	71.04	45.66	207.51	83.93	-86.3	-190.37
EBIT Margin	4.81%	2.91%	11.13%	5.60%	-9.80%	-26.99%
Effective Tax Rate	-	-	2.01%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.