Source Energy Services 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	700.31	673.95	569.75	415.91	319.86
Revenue Growth (YoY)	3.91%	18.29%	36.99%	30.03%	28.01%
Cost of Revenue	42.68	35.29	460.34	357.77	280.53
Gross Profit	657.62	638.66	109.41	58.15	39.33
Selling, General & Admin	17.46	19.49	13.97	10.03	9.28
Depreciation & Amortization Expenses	22.36	17.08	11.81	10.56	9.87
Other Operating Expenses	30.25	25.48	22.92	20.08	16.51
Total Operating Expenses	70.08	62.05	48.71	40.66	35.67
Operating Income	46.5	65.29	60.7	17.48	3.66
Interest Expense	-30.4	-34.62	-36.34	-33.15	-30.32
Other Non-Operating Income (Expense)	4.43	17.12	141.24	-12.48	2.04
Total Non-Operating Income (Expense)	-25.97	-17.5	104.9	-45.63	-28.28
Pretax Income	38.46	17.85	149.97	-8.77	-24.4
Provision for Income Taxes	5.38	8.34	-17.38	-	-
Net Income	33.08	9.51	167.35	-8.77	-24.4
Net Income to Common	33.08	9.51	167.35	-8.77	-24.4
Net Income Growth	247.89%	-94.32%	-	-	-
Shares Outstanding (Basic)	13	14	14	13	14
Shares Outstanding (Diluted)	13	14	14	13	14
Shares Change (YoY)	-1.50%	-3.84%	4.40%	-0.48%	173.19%
EPS (Basic)	2.48	0.70	11.88	-0.65	-1.80
EPS (Diluted)	2.48	0.70	11.88	-0.65	-1.80
EPS Growth	254.29%	-94.11%	-	-	-
Shares Outstanding	13.08	13.55	13.55	13.55	13.55
Free Cash Flow	57.84	51.07	58.13	65.37	7.49
Free Cash Flow Growth	13.26%	-12.15%	-11.08%	772.35%	-79.00%
Free Cash Flow Per Share	4.33	3.77	4.13	4.85	0.55
Gross Margin	93.91%	94.76%	19.20%	13.98%	12.30%
Operating Margin	6.64%	9.69%	10.65%	4.20%	1.14%
Profit Margin	4.72%	1.41%	29.37%	-2.11%	-7.63%
FCF Margin	8.26%	7.58%	10.20%	15.72%	2.34%
EBITDA	111.54	117.66	98.28	48.86	34.64
EBITDA Margin	15.93%	17.46%	17.25%	11.75%	10.83%
EBIT	46.5	65.29	60.7	17.48	3.66
EBIT Margin	6.64%	9.69%	10.65%	4.20%	1.14%
Effective Tax Rate	13.98%	46.74%	-11.59%	0.00%	0.00%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.