Western Energy Services Corp. (TSX:WRG)

Western Energy Services Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	217.5	223.08	233.45	200.34	131.68
Revenue Growth (YoY)	-2.50%	-4.44%	16.53%	52.15%	27.00%
Selling, General & Admin	15.45	23.03	19.01	15.85	10.93
Depreciation & Amortization Expenses	41.39	41.04	42.16	40.1	42.02
Other Operating Expenses	177.91	158.63	169.46	146.56	97.95
Total Operating Expenses	234.75	222.7	230.64	202.5	150.91
Operating Income	-17.25	0.38	2.81	-2.16	-19.23
Interest Expense	-8.96	-10.05	-11.4	-14.42	-19.66
Other Non-Operating Income (Expense)	2.53	-1.09	-0.32	-48.75	0.38
Total Non-Operating Income (Expense)	-6.43	-11.15	-11.71	-63.17	-19.29
Pretax Income	-28.73	-8.58	-8.27	32.18	-39.27
Provision for Income Taxes	3.1	1.72	1.38	-2.86	3.46
Net Income	-26	-7.16	-7.21	29	-36.13
Minority Interest in Earnings	0.37	0.29	0.32	0.32	0.32
Net Income to Common	-26	-7.16	-7.21	29	-36.13
Shares Outstanding (Basic)	34	34	34	24	7
Shares Outstanding (Diluted)	34	34	34	24	7
Shares Change (YoY)	-	0.00%	43.51%	253.14%	778.15%
EPS (Basic)	-0.77	-0.20	-0.20	1.24	-5.36
EPS (Diluted)	-0.77	-0.20	-0.20	1.24	-5.36
Free Cash Flow	19.3	25.19	28.73	-5.69	9.77
Free Cash Flow Growth	-23.40%	-12.31%	-	-	-60.84%
Free Cash Flow Per Share	-	0.74	0.85	-0.24	1.46
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-7.93%	0.17%	1.21%	-1.08%	-14.60%
Profit Margin	-11.78%	-3.08%	-2.95%	14.63%	-27.20%
FCF Margin	8.87%	11.29%	12.31%	-2.84%	7.42%
EBITDA	24.14	41.42	44.98	37.94	22.79
EBITDA Margin	11.10%	18.57%	19.27%	18.94%	17.31%
EBIT	-17.25	0.38	2.81	-2.16	-19.23
EBIT Margin	-7.93%	0.17%	1.21%	-1.08%	-14.60%
Effective Tax Rate	-10.79%	-20.00%	-16.73%	-8.88%	-8.80%

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