High Arctic Energy Services Inc
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 2.9M | 2.4M | 2.3M | 2.4M | 2.5M | -- |
| Operating Revenue | 2.9M | 2.4M | 2.3M | 2.4M | 2.5M | -- |
| Cost Of Revenue | 1.9M | 1.7M | 1.6M | 2.0M | 1.7M | -- |
| Gross Profit | 1.0M | 649,000 | 701,000 | 446,000 | 760,000 | -- |
| Selling General And Administration | 895,000 | 901,000 | 843,000 | 1.1M | 754,000 | -- |
| General And Administrative Expense | 895,000 | 901,000 | 843,000 | 1.1M | 754,000 | -- |
| Other Operating Expenses | -- | -- | -- | -- | -- | -66,000 |
| Operating Expense | 922,000 | 903,000 | 829,000 | 979,000 | 759,000 | -- |
| Operating Income | 108,000 | -254,000 | -128,000 | -533,000 | 1,000 | -- |
| EBIT | 977,000 | -241,000 | -64,000 | -659,000 | 184,000 | -- |
| Interest Expense | 53,000 | 54,000 | 56,000 | 56,000 | 58,000 | -- |
| Interest Expense Non Operating | 53,000 | 54,000 | 56,000 | 56,000 | 58,000 | -- |
| Interest Income | 99,000 | 104,000 | 119,000 | 152,000 | 234,000 | -- |
| Interest Income Non Operating | 99,000 | 104,000 | 119,000 | 152,000 | 234,000 | -- |
| Net Interest Income | 39,000 | -1,000 | 61,000 | 96,000 | 173,000 | -- |
| Other Income Expense | 777,000 | -40,000 | -53,000 | -278,000 | -48,000 | -- |
| Special Income Charges | 19,000 | 310,000 | -56,000 | -543,000 | -16,000 | -- |
| Restructuring And Mergern Acquisition | 51,000 | -304,000 | 56,000 | -- | 0.00 | -- |
| Gain On Sale Of Security | 2,000 | -2,000 | -9,000 | 661,000 | -137,000 | -- |
| Earnings From Equity Interest | 756,000 | -348,000 | 12,000 | -396,000 | 105,000 | -- |
| Pretax Income | 924,000 | -295,000 | -120,000 | -715,000 | 126,000 | -- |
| Tax Provision | -7,000 | 0.00 | 0.00 | 0.00 | 1,000 | -- |
| Tax Effect Of Unusual Items | 3,150 | 0.00 | 0.00 | 0.00 | -1,214 | -- |
| Net Income From Continuing And Discontinued Operation | 931,000 | -295,000 | -120,000 | -715,000 | 27.2M | -- |
| Net Income From Continuing Operation Net Minority Interest | 931,000 | -295,000 | -120,000 | -715,000 | 125,000 | -- |
| Net Income Including Noncontrolling Interests | 931,000 | -295,000 | -120,000 | -715,000 | 27.2M | -- |
| Net Income Common Stockholders | 931,000 | -295,000 | -120,000 | -715,000 | 27.2M | -- |
| Net Income | 931,000 | -295,000 | -120,000 | -715,000 | 27.2M | -- |
| EBITDA | 1.6M | 334,000 | 520,000 | 38,000 | 759,000 | -- |
| Normalized EBITDA | 1.6M | 26,000 | 585,000 | -80,000 | 912,000 | -- |
| Reconciled Depreciation | 609,000 | 575,000 | 584,000 | 697,000 | 575,000 | -- |
| Basic EPS | 0.07 | -0.02 | -0.01 | -- | 2.19 | -0.14 |
| Diluted EPS | 0.07 | -0.02 | -0.01 | -- | 2.19 | -0.14 |
| Basic Average Shares | 12.7M | 12.7M | 12.5M | -- | 12.4M | 12.3M |
| Diluted Average Shares | 12.7M | 13.2M | 13.0M | -- | 12.4M | 12.6M |
| Total Unusual Items | 21,000 | 308,000 | -65,000 | 118,000 | -153,000 | -- |
| Total Unusual Items Excluding Goodwill | 21,000 | 308,000 | -65,000 | 118,000 | -153,000 | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.00 | 0.01 | -- |
| Normalized Income | 913,150 | -603,000 | -55,000 | -833,000 | 276,786 | -- |
| Diluted NI Availto Com Stockholders | 931,000 | -295,000 | -120,000 | -715,000 | 27.2M | -- |
| Gain On Sale Of Business | -- | -- | -- | 0.00 | 0.00 | -- |
| Gain On Sale Of Ppe | 70,000 | 6,000 | -- | 8,000 | -16,000 | 0.00 |
| Net Income Continuous Operations | 931,000 | -295,000 | -120,000 | -715,000 | 125,000 | -- |
| Net Income Discontinuous Operations | 0.00 | 0.00 | 0.00 | 0.00 | 27.1M | -- |
| Net Non Operating Interest Income Expense | 39,000 | -1,000 | 61,000 | 96,000 | 173,000 | -- |
| Other Gand A | 326,000 | 337,000 | 259,000 | 532,000 | 332,000 | -- |
| Provision For Doubtful Accounts | 27,000 | 2,000 | -14,000 | -89,000 | 5,000 | -- |
| Reconciled Cost Of Revenue | 1.9M | 1.7M | 1.6M | 2.0M | 1.7M | -- |
| Salaries And Wages | 569,000 | 564,000 | 584,000 | 536,000 | 422,000 | -- |
| Total Expenses | 2.8M | 2.6M | 2.5M | 3.0M | 2.5M | -- |
| Total Operating Income As Reported | 108,000 | -254,000 | -128,000 | -533,000 | 1,000 | -- |
| Total Other Finance Cost | 7,000 | 51,000 | 2,000 | 0.00 | 3,000 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 3.1M | 2.4M | 3.2M | 3.1M | 4.1M | -- |
| Cash Cash Equivalents And Short Term Investments | 3.1M | 2.4M | 3.2M | 3.1M | 4.1M | -- |
| Accounts Receivable | 2.8M | 2.4M | 2.3M | 2.7M | 2.9M | -- |
| Receivables | 3.9M | 3.4M | 3.3M | 3.8M | 4.0M | -- |
| Inventory | 21,000 | 21,000 | 21,000 | 66,000 | 74,000 | -- |
| Other Current Assets | 158,000 | 226,000 | 184,000 | 221,000 | 181,000 | -- |
| Current Assets | 7.1M | 6.1M | 6.7M | 7.2M | 8.4M | -- |
| Gross PPE | 30.3M | 30.3M | 29.8M | 29.5M | 29.3M | -- |
| Accumulated Depreciation | -19.0M | -18.6M | -18.2M | -17.7M | -17.1M | -- |
| Net PPE | 11.4M | 11.7M | 11.7M | 11.8M | 12.2M | -- |
| Goodwill | 812,000 | 812,000 | 812,000 | 812,000 | 812,000 | -- |
| Goodwill And Other Intangible Assets | 2.1M | 2.2M | 2.2M | 2.3M | 2.1M | -- |
| Other Intangible Assets | 1.3M | 1.3M | 1.4M | 1.5M | 1.3M | -- |
| Investments And Advances | 7.9M | 7.2M | 7.5M | 7.5M | 7.9M | -- |
| Total Non Current Assets | 22.8M | 22.7M | 23.3M | 23.6M | 24.6M | -- |
| Total Assets | 29.9M | 28.8M | 30.0M | 30.9M | 33.0M | -- |
| Current Debt | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | -- |
| Current Debt And Capital Lease Obligation | 520,000 | 530,000 | 530,000 | 543,000 | 468,000 | -- |
| Accounts Payable | 544,000 | 460,000 | 1.1M | 883,000 | 1.2M | -- |
| Payables | 1.8M | 1.7M | 2.4M | 2.2M | 1.2M | -- |
| Payables And Accrued Expenses | 2.4M | 2.2M | 3.0M | 4.0M | 2.2M | -- |
| Current Accrued Expenses | 622,000 | 495,000 | 586,000 | 1.8M | 944,000 | -- |
| Other Current Liabilities | -- | -- | -- | -- | 812,000 | 8.9M |
| Current Liabilities | 2.9M | 2.7M | 3.5M | 4.5M | 3.4M | -- |
| Long Term Debt | 3.0M | 3.1M | 3.1M | 3.2M | 3.2M | -- |
| Long Term Debt And Capital Lease Obligation | 3.9M | 4.0M | 4.0M | 4.1M | 4.3M | -- |
| Long Term Capital Lease Obligation | 900,000 | 896,000 | 884,000 | 943,000 | 1.1M | -- |
| Total Non Current Liabilities Net Minority Interest | 4.9M | 5.0M | 5.2M | 5.2M | 6.5M | -- |
| Total Liabilities Net Minority Interest | 7.9M | 7.7M | 8.7M | 9.8M | 9.9M | -- |
| Common Stock | 133.4M | 133.4M | 133.4M | 133.2M | 133.2M | -- |
| Capital Stock | 133.4M | 133.4M | 133.4M | 133.2M | 133.2M | -- |
| Additional Paid In Capital | 13.3M | 13.3M | 13.2M | 13.2M | 13.1M | -- |
| Retained Earnings | -123.2M | -124.1M | -123.8M | -123.7M | -123.0M | -- |
| Gains Losses Not Affecting Retained Earnings | -1.5M | -1.5M | -1.5M | -1.5M | -194,000 | -- |
| Other Equity Adjustments | -1.5M | -1.5M | -1.5M | -1.5M | -194,000 | -- |
| Common Stock Equity | 22.0M | 21.1M | 21.3M | 21.1M | 23.1M | -- |
| Stockholders Equity | 22.0M | 21.1M | 21.3M | 21.1M | 23.1M | -- |
| Total Equity Gross Minority Interest | 22.0M | 21.1M | 21.3M | 21.1M | 23.1M | -- |
| Total Capitalization | 25.1M | 24.2M | 24.4M | 24.3M | 26.3M | -- |
| Net Tangible Assets | 20.0M | 18.9M | 19.1M | 18.8M | 21.0M | -- |
| Tangible Book Value | 20.0M | 18.9M | 19.1M | 18.8M | 21.0M | -- |
| Working Capital | 4.2M | 3.4M | 3.2M | 2.7M | 4.9M | -- |
| Invested Capital | 25.3M | 24.3M | 24.6M | 24.5M | 26.5M | -- |
| Total Debt | 4.5M | 4.5M | 4.5M | 4.7M | 4.8M | -- |
| Net Debt | 170,000 | 837,000 | 126,000 | 230,000 | -- | -- |
| Share Issued | 12.7M | 12.7M | 12.7M | 12.4M | 12.4M | -- |
| Ordinary Shares Number | 12.7M | 12.7M | 12.7M | 12.4M | 12.4M | -- |
| Allowance For Doubtful Accounts Receivable | -54,000 | -27,000 | -26,000 | -38,000 | -112,000 | -- |
| Assets Held For Sale Current | -- | -- | -- | -- | -- | 50.8M |
| Available For Sale Securities | 7.9M | 7.2M | 7.5M | 7.5M | 7.9M | -- |
| Capital Lease Obligations | 1.2M | 1.3M | 1.2M | 1.3M | 1.4M | -- |
| Construction In Progress | -- | -- | -- | 0.00 | 0.00 | 302,000 |
| Current Capital Lease Obligation | 345,000 | 355,000 | 355,000 | 368,000 | 293,000 | -- |
| Dividends Payable | -- | -- | -- | -- | -- | 37.8M |
| Dueto Related Parties Current | -- | -- | -- | -- | -- | 169,000 |
| Gross Accounts Receivable | 2.9M | 2.4M | 2.3M | 2.8M | 3.1M | -- |
| Income Tax Payable | -- | -- | -- | 0.00 | 0.00 | 8,000 |
| Investmentin Financial Assets | 7.9M | 7.2M | 7.5M | 7.5M | 7.9M | -- |
| Machinery Furniture Equipment | 2.4M | 2.4M | 2.4M | 2.4M | 2.8M | -- |
| Non Current Note Receivables | 1.5M | 1.6M | 1.8M | 2.0M | 2.4M | -- |
| Notes Receivable | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | -- |
| Other Current Borrowings | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | -- |
| Other Payable | 1.2M | 1.2M | 1.3M | 1.3M | 56,000 | -- |
| Other Properties | 21.0M | 21.0M | 20.6M | 1.6M | 1.6M | -- |
| Properties | 6.9M | 6.9M | 6.9M | 25.4M | 24.9M | -- |
| Taxes Receivable | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Tax Payable | -- | -- | -- | 0.00 | 0.00 | 8,000 |
| Tradeand Other Payables Non Current | 1.0M | 977,000 | 1.1M | 1.1M | 2.1M | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 551,000 | -477,000 | 31,000 | 226,000 | 3.3M | -- |
| Cash Flow From Continuing Operating Activities | 551,000 | -477,000 | 31,000 | 226,000 | 487,000 | -- |
| Depreciation And Amortization | 609,000 | 575,000 | 584,000 | 697,000 | 575,000 | -- |
| Depreciation Amortization Depletion | 609,000 | 575,000 | 584,000 | 697,000 | 575,000 | -- |
| Stock Based Compensation | 40,000 | 56,000 | 48,000 | 21,000 | 0.00 | -- |
| Change In Working Capital | -193,000 | -787,000 | -464,000 | -304,000 | -153,000 | -- |
| Changes In Account Receivables | -445,000 | -96,000 | -- | -- | -- | 199,000 |
| Change In Receivables | -445,000 | -96,000 | -- | -- | -- | 199,000 |
| Change In Inventory | 68,000 | -42,000 | -- | -- | -- | -2,000 |
| Change In Payables And Accrued Expense | 184,000 | -649,000 | -- | -- | -- | -665,000 |
| Change In Payable | 184,000 | -649,000 | -- | -- | -- | -665,000 |
| Other Non Cash Items | -8,000 | -370,000 | -14,000 | 761,000 | -87,000 | -- |
| Capital Expenditure | -173,000 | -411,000 | -382,000 | -502,000 | -630,000 | -- |
| Net PPE Purchase And Sale | 115,000 | 10,000 | -- | -- | 92,000 | 0.00 |
| Purchase Of Business | 0.00 | 0.00 | -- | -- | 0.00 | 0.00 |
| Investing Cash Flow | 215,000 | -128,000 | 164,000 | 279,000 | -21.2M | -- |
| Cash Flow From Continuing Investing Activities | 215,000 | -128,000 | 164,000 | 279,000 | 128,000 | -- |
| Repayment Of Debt | -143,000 | -140,000 | -135,000 | -137,000 | -129,000 | -- |
| Net Issuance Payments Of Debt | -143,000 | -140,000 | -135,000 | -137,000 | -129,000 | -- |
| Repurchase Of Capital Stock | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Net Common Stock Issuance | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Common Stock Dividend Paid | -- | -- | -- | -37.8M | 0.00 | -- |
| Common Stock Payments | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -143,000 | -140,000 | -135,000 | -1.0M | -38.1M | -- |
| Cash Flow From Continuing Financing Activities | -143,000 | -140,000 | -135,000 | -1.0M | -38.0M | -- |
| Effect Of Exchange Rate Changes | 1,000 | -10,000 | 0.00 | -469,000 | 67,000 | -- |
| Changes In Cash | 623,000 | -745,000 | 60,000 | -514,000 | -56.0M | -- |
| Beginning Cash Position | 2.4M | 3.2M | 3.1M | 4.1M | 60.0M | -- |
| End Cash Position | 3.1M | 2.4M | 3.2M | 3.1M | 4.1M | -- |
| Free Cash Flow | 378,000 | -888,000 | -351,000 | -276,000 | 2.7M | -- |
| Capital Expenditure Reported | -173,000 | -411,000 | -382,000 | -502,000 | -630,000 | -- |
| Cash Dividends Paid | -- | -- | -- | -37.8M | 0.00 | 0.00 |
| Cash From Discontinued Financing Activities | 0.00 | 0.00 | 0.00 | 0.00 | -112,000 | -- |
| Cash From Discontinued Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 | -21.4M | -- |
| Cash From Discontinued Operating Activities | 0.00 | 0.00 | 0.00 | 0.00 | 2.8M | -- |
| Change In Account Payable | 184,000 | -649,000 | -- | -- | -- | -673,000 |
| Change In Income Tax Payable | 0.00 | 0.00 | -- | -- | -- | 8,000 |
| Change In Tax Payable | 0.00 | 0.00 | -- | -- | -- | 8,000 |
| Earnings Losses From Equity Investments | -756,000 | 348,000 | -12,000 | 396,000 | -105,000 | -- |
| Gain Loss On Sale Of Business | -- | -- | -- | 0.00 | 0.00 | -- |
| Gain Loss On Sale Of PPE | -70,000 | -6,000 | -- | -8,000 | 16,000 | 0.00 |
| Long Term Debt Payments | -143,000 | -140,000 | -135,000 | -137,000 | -129,000 | -- |
| Net Business Purchase And Sale | 0.00 | 0.00 | -- | -- | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -2,000 | 2,000 | 9,000 | -622,000 | 116,000 | -- |
| Net Income From Continuing Operations | 931,000 | -295,000 | -120,000 | -715,000 | 125,000 | -- |
| Net Long Term Debt Issuance | -143,000 | -140,000 | -135,000 | -137,000 | -129,000 | -- |
| Net Other Financing Charges | -- | -- | -- | 37.0M | -37.8M | -- |
| Net Other Investing Changes | 273,000 | 273,000 | 546,000 | 781,000 | 666,000 | -- |
| Operating Gains Losses | -828,000 | 344,000 | -3,000 | -234,000 | 27,000 | -- |
| Sale Of PPE | 115,000 | 10,000 | -- | -- | 92,000 | 0.00 |