Source Energy Services Ltd. (TSX:SHLE)

Canada · Delayed Price · Currency is CAD

12.30

+0.05 (0.41%)

Aug 14, 2026, 9:53 AM EST

Source Energy Services Financials Overview

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

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	587.19	700.31	673.95	569.75	415.91	319.86
Revenue Growth	-20.49%	3.91%	18.29%	36.99%	30.03%	28.01%
Gross Profit	337.65	657.62	638.66	109.41	58.15	39.33
Operating Income	15.3	46.5	65.29	60.7	17.48	3.66
Net Income	-19.19	33.08	9.51	167.35	-8.77	-24.4
Earnings Per Share	-0.98	2.48	0.70	11.88	-0.65	-1.80
EPS Growth	-	254.29%	-94.11%	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Canada	576.47	695.81	670.97	559.06	401.39	318.51
United States	10.72	4.5	2.98	10.69	14.52	1.35
Total	587.19	700.31	673.95	569.75	415.91	319.86

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Investments	5.01	19.9	32.72	0	0	0
Total Debt	297.26	277.25	274.87	221.79	244.94	221.47
Net Cash (Debt)	-292.25	-257.35	-242.15	-221.79	-244.94	-221.47
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-22.35	-19.29	-17.88	-15.74	-18.15	-16.34

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Cash Flow	90.65	117.69	94.39	80.24	80.17	14.01
Capital Expenditures	-64.9	-59.85	-43.32	-22.11	-14.8	-6.52
Free Cash Flow	25.75	57.84	51.07	58.13	65.37	7.49
Free Cash Flow Growth	-64.64%	13.26%	-12.15%	-11.08%	772.35%	-79.00%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Gross Margin	57.50%	93.91%	94.76%	19.20%	13.98%	12.30%
Operating Margin	2.60%	6.64%	9.69%	10.65%	4.20%	1.14%
Pretax Margin	-3.68%	5.49%	2.65%	26.32%	-2.11%	-7.63%
Profit Margin	-3.27%	4.72%	1.41%	29.37%	-2.11%	-7.63%
FCF Margin	0.00%	8.26%	7.58%	10.20%	15.72%	2.34%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 14, 2026	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
PE Ratio	-	6.13	23.20	0.50	-	-
Forward PE	5.51	4.06	5.74	2.98	4.39	9.64
P/FCF Ratio	15.00	3.44	4.31	1.39	0.39	2.89
PS Ratio	0.27	0.28	0.33	0.14	0.06	0.07