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 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
Revenue	203.75	217.5	223.08	233.45	200.34	131.68
Revenue Growth (YoY)	-11.45%	-2.50%	-4.44%	16.53%	52.15%	27.00%
Gross Profit	203.75	217.5	223.08	233.45	200.34	131.68
Selling, General & Admin	15.76	15.45	23.03	19.01	15.85	10.93
Depreciation & Amortization Expenses	40.68	41.39	41.04	42.16	40.1	42.02
Other Operating Expenses	141.67	177.91	158.63	169.46	146.56	97.95
Total Operating Expenses	198.11	234.75	222.7	230.64	202.5	150.91
Operating Income	5.64	-17.25	0.38	2.81	-2.16	-19.23
Interest Expense	-8.62	-8.96	-10.05	-11.4	-14.42	-19.66
Other Non-Operating Income (Expense)	1.24	2.53	-1.09	-0.32	-48.75	0.38
Total Non-Operating Income (Expense)	-7.37	-6.43	-11.15	-11.71	-63.17	-19.29
Pretax Income	-29.34	-28.73	-8.58	-8.27	32.18	-39.27
Provision for Income Taxes	3.54	3.1	1.72	1.38	-2.86	3.46
Net Income	-26.5	-26	-7.16	-7.21	29	-36.13
Minority Interest in Earnings	0.31	0.37	0.29	0.32	0.32	0.32
Net Income to Common	-26.5	-26	-7.16	-7.21	29	-36.13
Shares Outstanding (Basic)	34	34	34	34	24	7
Shares Outstanding (Diluted)	34	34	34	34	24	7
Shares Change (YoY)	-	-	0.00%	43.51%	253.13%	778.15%
EPS (Basic)	-0.79	-0.76	-0.20	-0.20	1.24	-5.36
EPS (Diluted)	-0.79	-0.76	-0.20	-0.20	1.24	-5.36
Shares Outstanding	33.85	33.84	33.84	33.84	33.84	0.76
Free Cash Flow	24.76	19.3	25.19	28.73	-5.69	9.77
Free Cash Flow Growth	28.30%	-23.40%	-12.31%	-	-	-60.84%
Free Cash Flow Per Share	0.73	0.57	0.74	0.85	-0.24	1.46
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	2.77%	-7.93%	0.17%	1.21%	-1.08%	-14.60%
Profit Margin	-12.85%	-11.78%	-3.08%	-2.95%	14.63%	-27.20%
FCF Margin	12.15%	8.87%	11.29%	12.31%	-2.84%	7.42%
EBITDA	46.32	24.14	41.42	44.98	37.94	22.79
EBITDA Margin	22.73%	11.10%	18.57%	19.27%	18.94%	17.31%
EBIT	5.64	-17.25	0.38	2.81	-2.16	-19.23
EBIT Margin	2.77%	-7.93%	0.17%	1.21%	-1.08%	-14.60%
Effective Tax Rate	-12.07%	-10.79%	-20.00%	-16.73%	-8.88%	-8.80%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.