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	434.89
Gross Profit	217.11	190	201.15	150.34	43.29
Selling, General & Admin	4.26	3.87	3.65	3.46	3.5
Depreciation & Amortization Expenses	88.05	77.54	77.2	80.22	87.81
Other Operating Expenses	1.52	6.91	3.8	3.15	2.62
Total Operating Expenses	93.82	88.32	84.65	86.83	93.93
Operating Income	152.53	148.51	161.62	110.18	14.22
Interest Expense	-4.4	-2.48	-2.59	-2.57	-1.97
Other Non-Operating Income (Expense)	-0.28	-0.52	-0.06	0.27	0.27
Total Non-Operating Income (Expense)	-4.67	-3	-2.65	-2.3	-1.71
Pretax Income	147.86	145.51	158.97	107.88	11.98
Provision for Income Taxes	35.66	36.03	37.96	28.67	0.08
Net Income	112.19	109.48	121.01	79.22	17.22
Earnings From Discontinued Operations	-	-	-	-	5.16
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	0.05
EPS (Diluted)	0.57	0.54	0.55	0.32	0.05
EPS Growth	5.56%	-1.82%	71.88%	540.00%	-
Shares Outstanding	210.79	188.92	209.13	229.78	246.96
Free Cash Flow	104.69	79.78	169.17	48.61	20.21
Free Cash Flow Growth	31.23%	-52.84%	248.00%	140.50%	-65.14%
Free Cash Flow Per Share	0.53	0.39	0.76	0.20	0.08
Dividends Per Share	0.210	0.180	0.160	-	-
Dividend Growth	16.67%	12.50%	-	-	-
Gross Margin	19.81%	19.37%	20.68%	17.35%	7.70%
Operating Margin	13.91%	15.14%	16.62%	12.72%	2.53%
Profit Margin	10.23%	11.16%	12.44%	9.14%	2.14%
FCF Margin	9.55%	8.13%	17.39%	5.61%	3.59%
EBITDA	240.58	226.06	238.82	190.4	102.03
EBITDA Margin	21.95%	23.05%	24.55%	21.98%	18.14%
EBIT	152.53	148.51	161.62	110.18	14.22
EBIT Margin	13.91%	15.14%	16.62%	12.72%	2.53%
Effective Tax Rate	24.12%	24.76%	23.88%	26.57%	0.67%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.