Precision Drilling 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	1,844	1,902	1,938	1,617	986.85
Revenue Growth (YoY)	-3.08%	-1.83%	19.83%	63.88%	5.46%
Cost of Revenue	1,240	1,249	1,205	1,125	719.14
Gross Profit	604.06	653.64	733.31	492.59	267.7
Selling, General & Admin	114.44	132.42	118.19	180.99	98.93
Operating Expenses	432.34	441.74	415.75	460.02	381.26
Operating Income	171.71	211.91	317.56	32.57	-113.55
Interest Expense	-57.2	-71.97	-84.81	-88.14	-91.64
Interest & Investment Income	-	2.22	1.39	0.32	0.21
Currency Exchange Gain (Loss)	1.21	-2.26	1.67	-1.28	-0.39
EBT Excluding Unusual Items	115.72	139.9	235.81	-56.52	-205.38
Gain (Loss) on Sale of Investments	-1.34	-1.48	-6.81	12.45	-0.4
Gain (Loss) on Sale of Assets	-58.46	16.15	14.88	29.93	8.52
Other Unusual Items	-	-	21.9	-	14.48
Pretax Income	55.92	154.56	265.78	-14.14	-182.78
Income Tax Expense	52.83	43.23	-23.47	20.15	-5.4
Earnings From Continuing Operations	3.09	111.33	289.24	-34.29	-177.39
Minority Interest in Earnings	-1.25	-0.14	-	-	-
Net Income	1.84	111.2	289.24	-34.29	-177.39
Net Income to Common	1.84	111.2	289.24	-34.29	-177.39
Net Income Growth	-98.34%	-61.56%	-	-	-
Shares Outstanding (Basic)	13	14	14	14	13
Shares Outstanding (Diluted)	13	14	15	14	13
Shares Change (YoY)	-6.27%	-6.89%	12.85%	1.74%	-2.97%
EPS (Basic)	0.14	7.81	21.03	-2.53	-13.32
EPS (Diluted)	0.14	7.81	19.53	-2.53	-13.32
EPS Growth	-98.23%	-59.99%	-	-	-
Free Cash Flow	149.42	265.44	275.61	52.85	63.28
Free Cash Flow Per Share	11.20	18.65	18.03	3.90	4.75
Gross Margin	32.76%	34.36%	37.84%	30.46%	27.13%
Operating Margin	9.31%	11.14%	16.39%	2.01%	-11.51%
Profit Margin	0.10%	5.85%	14.93%	-2.12%	-17.97%
Free Cash Flow Margin	8.11%	13.95%	14.22%	3.27%	6.41%
EBITDA	489.62	508.03	603.35	300.67	158.48
EBITDA Margin	26.56%	26.71%	31.14%	18.59%	16.06%
D&A For EBITDA	317.9	296.12	285.79	268.1	272.04
EBIT	171.71	211.91	317.56	32.57	-113.55
EBIT Margin	9.31%	11.14%	16.39%	2.01%	-11.51%
Effective Tax Rate	94.47%	27.97%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.