Western Energy 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	218.77	223.08	233.45	200.34	131.68	103.68
Revenue Growth (YoY)	-0.38%	-4.44%	16.53%	52.15%	27.00%	-47.21%
Cost of Revenue	156.58	158.63	169.46	146.56	97.95	72.88
Gross Profit	62.19	64.45	63.99	53.78	33.73	30.81
Selling, General & Admin	18.89	22.22	16.25	13.86	10.68	10.53
Operating Expenses	59.62	64.07	61.18	55.94	52.96	59.24
Operating Income	2.57	0.38	2.81	-2.16	-19.23	-28.44
Interest Expense	-9.28	-10.19	-11.53	-14.47	-19.68	-17.97
Interest & Investment Income	0.05	0.13	0.13	0.06	0.02	0
Currency Exchange Gain (Loss)	0.19	0.55	0.78	0.33	0.01	1.7
Other Non Operating Income (Expenses)	-	-	-	0.01	-	-
EBT Excluding Unusual Items	-6.47	-9.13	-7.8	-16.24	-38.88	-44.7
Gain (Loss) on Sale of Assets	-1.44	0.55	-0.47	-0.94	-0.39	0.29
Asset Writedown	-	-	-	-	-	-11.5
Other Unusual Items	-	-	-	49.36	-	-
Pretax Income	-7.9	-8.58	-8.27	32.18	-39.27	-55.91
Income Tax Expense	-1.47	-1.72	-1.38	2.86	-3.46	-14.61
Earnings From Continuing Operations	-6.44	-6.87	-6.89	29.32	-35.81	-41.3
Minority Interest in Earnings	-0.42	-0.29	-0.32	-0.32	-0.32	0.04
Net Income	-6.86	-7.16	-7.21	29	-36.13	-41.26
Net Income to Common	-6.86	-7.16	-7.21	29	-36.13	-41.26
Shares Outstanding (Basic)	34	34	34	24	1	1
Shares Outstanding (Diluted)	34	34	34	24	1	1
Shares Change (YoY)	-	0.00%	43.51%	2997.01%	0.13%	-1.22%
EPS (Basic)	-0.20	-0.21	-0.21	1.23	-47.46	-54.26
EPS (Diluted)	-0.20	-0.21	-0.21	1.23	-47.46	-54.26
Free Cash Flow	23.02	25.19	28.73	-5.69	9.77	24.94
Free Cash Flow Per Share	0.68	0.74	0.85	-0.24	12.82	32.79
Gross Margin	28.43%	28.89%	27.41%	26.85%	25.61%	29.71%
Operating Margin	1.18%	0.17%	1.21%	-1.08%	-14.60%	-27.43%
Profit Margin	-3.13%	-3.21%	-3.09%	14.47%	-27.44%	-39.79%
Free Cash Flow Margin	10.52%	11.29%	12.31%	-2.84%	7.42%	24.05%
EBITDA	43.86	41.42	44.98	37.94	22.79	19.83
EBITDA Margin	20.05%	18.57%	19.27%	18.93%	17.31%	19.12%
D&A For EBITDA	41.29	41.04	42.16	40.1	42.02	48.27
EBIT	2.57	0.38	2.81	-2.16	-19.23	-28.44
EBIT Margin	1.18%	0.17%	1.21%	-1.08%	-14.60%	-27.43%
Effective Tax Rate	-	-	-	8.88%	-	-

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