Precision Drilling Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | -- | 1.9B | 1.9B | 1.6B | 986.8M |
| Operating Revenue | -- | 1.9B | 1.9B | 1.6B | 986.8M |
| Cost Of Revenue | -- | 309.3M | 297.6M | 279.0M | 282.3M |
| Gross Profit | -- | 1.6B | 1.6B | 1.3B | 704.5M |
| Selling General And Administration | -- | 132.4M | 122.2M | 181.0M | 95.9M |
| General And Administrative Expense | -- | 132.4M | 122.2M | 181.0M | 95.9M |
| Other Operating Expenses | -- | 1.2B | 1.2B | 1.1B | 698.1M |
| Operating Expense | -- | 1.4B | 1.3B | 1.3B | 794.1M |
| Operating Income | -- | 211.9M | 304.0M | 32.6M | -89.6M |
| EBIT | -- | 222.8M | 346.8M | 70.8M | -101.0M |
| Interest Expense | -- | 68.3M | 81.1M | 85.0M | 81.8M |
| Interest Expense Non Operating | -- | 68.3M | 81.1M | 85.0M | 81.8M |
| Interest Income | -- | 2.2M | 1.4M | 323,000 | 210,000 |
| Interest Income Non Operating | -- | 2.2M | 1.4M | 323,000 | 210,000 |
| Net Interest Income | -- | -69.8M | -83.4M | -87.8M | -91.4M |
| Other Income Expense | -- | 12.4M | 45.2M | 41.1M | -1.8M |
| Special Income Charges | -- | 16.1M | 50.4M | 29.9M | -1.0M |
| Restructuring And Mergern Acquisition | -- | 0.00 | -25.8M | 0.00 | 0.00 |
| Gain On Sale Of Security | -- | -3.7M | -5.1M | 11.2M | -793,000 |
| Pretax Income | -- | 154.6M | 265.8M | -14.1M | -182.8M |
| Tax Provision | -- | 43.2M | -23.5M | 20.1M | -5.4M |
| Tax Effect Of Unusual Items | -- | 3.5M | 18.1M | 10.8M | -53,050 |
| Net Income From Continuing And Discontinued Operation | -- | 111.2M | 289.2M | -34.3M | -177.4M |
| Net Income From Continuing Operation Net Minority Interest | -- | 111.2M | 289.2M | -34.3M | -177.4M |
| Net Income Including Noncontrolling Interests | -- | 111.3M | 289.2M | -34.3M | -177.4M |
| Minority Interests | -- | -135,000 | 0.00 | -- | -- |
| Net Income Common Stockholders | -- | 111.2M | 289.2M | -34.3M | -177.4M |
| Net Income | -- | 111.2M | 289.2M | -34.3M | -177.4M |
| EBITDA | -- | 532.1M | 644.4M | 349.9M | 181.3M |
| Normalized EBITDA | -- | 519.7M | 599.2M | 308.8M | 183.1M |
| Reconciled Depreciation | -- | 309.3M | 297.6M | 279.0M | 282.3M |
| Basic EPS | 0.14 | 7.81 | 21.03 | -2.53 | -- |
| Diluted EPS | 0.14 | 7.81 | 19.53 | -2.53 | -- |
| Basic Average Shares | 13.3M | 14.2M | 13.8M | 13.5M | -- |
| Diluted Average Shares | 13.3M | 14.2M | 15.3M | 13.5M | -- |
| Total Unusual Items | -- | 12.4M | 45.2M | 41.1M | -1.8M |
| Total Unusual Items Excluding Goodwill | -- | 12.4M | 45.2M | 41.1M | -1.8M |
| Tax Rate For Calcs | -- | 0.28 | 0.40 | 0.26 | 0.03 |
| Normalized Income | -- | 102.3M | 262.1M | -64.6M | -175.6M |
| Average Dilution Earnings | -- | 0.00 | 9.2M | 0.00 | -- |
| Diluted NI Availto Com Stockholders | -- | 111.2M | 298.5M | -34.3M | -177.4M |
| Gain On Sale Of Ppe | -- | 16.1M | 24.5M | 29.9M | 8.5M |
| Net Income Continuous Operations | -- | 111.3M | 289.2M | -34.3M | -177.4M |
| Net Non Operating Interest Income Expense | -- | -69.8M | -83.4M | -87.8M | -91.4M |
| Other Gand A | -- | 132.4M | 122.2M | 181.0M | 95.9M |
| Other Special Charges | -- | -- | -137,000 | -- | 9.5M |
| Reconciled Cost Of Revenue | -- | 309.3M | 297.6M | 279.0M | 282.3M |
| Total Expenses | -- | 1.7B | 1.6B | 1.6B | 1.1B |
| Total Other Finance Cost | -- | 3.7M | 3.7M | 3.2M | 9.9M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | -- | 73.8M | 54.2M | 21.6M | 40.6M |
| Cash Cash Equivalents And Short Term Investments | -- | 73.8M | 54.2M | 21.6M | 40.6M |
| Cash Financial | -- | 73.8M | 54.2M | 21.6M | 40.6M |
| Accounts Receivable | -- | 296.7M | 334.5M | 413.9M | 179.6M |
| Receivables | -- | 378.7M | 421.4M | 413.9M | 255.7M |
| Inventory | -- | 43.3M | 35.3M | 35.2M | 23.4M |
| Prepaid Assets | -- | -- | -- | 91.2M | 76.1M |
| Current Assets | -- | 501.3M | 510.9M | 470.7M | 319.8M |
| Gross PPE | -- | 7.4B | 7.0B | 7.0B | 6.6B |
| Accumulated Depreciation | -- | -5.0B | -4.6B | -4.6B | -4.2B |
| Net PPE | -- | 2.4B | 2.4B | 2.4B | 2.3B |
| Goodwill And Other Intangible Assets | -- | 13.0M | 17.3M | 19.6M | 23.9M |
| Other Intangible Assets | -- | 13.0M | 17.3M | 19.6M | 23.9M |
| Investments And Advances | -- | -- | 10.0M | 20.5M | 7.4M |
| Other Non Current Assets | -- | 8.5M | 10.0M | 20.5M | 7.4M |
| Total Non Current Assets | -- | 2.5B | 2.5B | 2.4B | 2.3B |
| Total Assets | -- | 3.0B | 3.0B | 2.9B | 2.7B |
| Current Debt | -- | -- | 2.8M | 2.3M | 2.2M |
| Current Debt And Capital Lease Obligation | -- | 20.6M | 20.2M | 15.0M | 13.2M |
| Accounts Payable | -- | 113.3M | 151.3M | 404.4M | 90.8M |
| Payables | -- | 117.1M | 154.4M | 407.3M | 91.6M |
| Payables And Accrued Expenses | -- | 282.0M | 307.7M | 407.3M | 225.0M |
| Current Accrued Expenses | -- | 164.9M | 153.3M | 255.7M | 133.4M |
| Current Deferred Revenue | -- | 36.2M | 46.1M | -- | -- |
| Current Liabilities | -- | 338.7M | 374.0M | 422.3M | 238.1M |
| Long Term Debt | -- | 812.5M | 914.8M | 1.1B | 1.1B |
| Long Term Debt And Capital Lease Obligation | -- | 867.0M | 972.0M | 1.1B | 1.2B |
| Long Term Capital Lease Obligation | -- | 54.6M | 57.1M | 53.0M | 45.8M |
| Other Non Current Liabilities | -- | 7.5M | 7.1M | 7.5M | 6.5M |
| Total Non Current Liabilities Net Minority Interest | -- | 935.6M | 1.1B | 1.2B | 1.2B |
| Total Liabilities Net Minority Interest | -- | 1.3B | 1.4B | 1.6B | 1.4B |
| Common Stock | -- | 2.3B | 2.4B | 2.3B | 2.3B |
| Capital Stock | -- | 2.3B | 2.4B | 2.3B | 2.3B |
| Additional Paid In Capital | -- | 77.6M | 75.1M | 72.6M | 76.3M |
| Retained Earnings | -- | -900.8M | -1.0B | -1.3B | -1.3B |
| Gains Losses Not Affecting Retained Earnings | -- | 199.0M | 147.5M | 159.7M | 134.8M |
| Other Equity Adjustments | -- | 199.0M | 147.5M | 159.7M | 134.8M |
| Common Stock Equity | -- | 1.7B | 1.6B | 1.2B | 1.2B |
| Stockholders Equity | -- | 1.7B | 1.6B | 1.2B | 1.2B |
| Total Equity Gross Minority Interest | -- | 1.7B | 1.6B | 1.2B | 1.2B |
| Minority Interest | -- | 4.5M | 0.00 | 0.00 | -- |
| Total Capitalization | -- | 2.5B | 2.5B | 2.3B | 2.3B |
| Net Tangible Assets | -- | 1.7B | 1.6B | 1.2B | 1.2B |
| Tangible Book Value | -- | 1.7B | 1.6B | 1.2B | 1.2B |
| Working Capital | -- | 162.6M | 136.9M | 48.3M | 81.6M |
| Invested Capital | -- | 2.5B | 2.5B | 2.3B | 2.3B |
| Total Debt | -- | 887.6M | 992.2M | 1.2B | 1.2B |
| Net Debt | -- | 738.7M | 863.5M | 1.1B | 1.1B |
| Share Issued | -- | 13.8M | 14.3M | 13.6M | 13.3M |
| Ordinary Shares Number | -- | 13.8M | 14.3M | 13.6M | 13.3M |
| Assets Held For Sale Current | -- | 5.5M | 0.00 | 0.00 | -- |
| Buildings And Improvements | -- | 126.6M | 124.8M | 114.3M | 119.5M |
| Capital Lease Obligations | -- | 75.1M | 74.5M | 65.7M | 56.8M |
| Construction In Progress | -- | 133.5M | 126.9M | 117.5M | 67.9M |
| Current Capital Lease Obligation | -- | 20.6M | 17.4M | 12.7M | 10.9M |
| Current Deferred Liabilities | -- | 36.2M | 46.1M | -- | -- |
| Employee Benefits | -- | 13.7M | 16.8M | 47.8M | 26.7M |
| Income Tax Payable | -- | 3.8M | 3.0M | 3.0M | 839,000 |
| Interest Payable | -- | 26.4M | 29.3M | -- | -- |
| Land And Improvements | -- | 36.9M | 43.2M | 32.6M | 31.4M |
| Leases | -- | 35.7M | 37.5M | 46.5M | 40.5M |
| Long Term Provisions | -- | -- | -- | 7.5M | 6.5M |
| Machinery Furniture Equipment | -- | 61.2M | 58.6M | 49.5M | 45.7M |
| Non Current Accounts Receivable | -- | 4.8M | 5.7M | 1.6M | -- |
| Non Current Deferred Assets | -- | 6.6M | 73.7M | 455,000 | 867,000 |
| Non Current Deferred Liabilities | -- | 47.5M | 73.5M | 28.9M | 12.2M |
| Non Current Deferred Taxes Assets | -- | 6.6M | 73.7M | 455,000 | 867,000 |
| Non Current Deferred Taxes Liabilities | -- | 47.5M | 73.5M | 28.9M | 12.2M |
| Other Current Borrowings | -- | -- | 2.8M | 2.3M | 2.2M |
| Other Properties | -- | 267.5M | 266.9M | 271.9M | 281.9M |
| Other Receivables | -- | 82.0M | 86.9M | 91.2M | 76.1M |
| Properties | -- | 6.7B | 6.3B | 6.3B | 6.0B |
| Total Tax Payable | -- | 3.8M | 3.0M | 3.0M | 839,000 |
| Treasury Shares Number | -- | -- | 0.00 | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -- | 482.1M | 500.6M | 237.1M | 139.2M |
| Cash Flow From Continuing Operating Activities | -- | 482.1M | 500.6M | 237.1M | 139.2M |
| Depreciation And Amortization | -- | 309.3M | 297.6M | 279.0M | 282.3M |
| Depreciation Amortization Depletion | -- | 309.3M | 297.6M | 279.0M | 282.3M |
| Stock Based Compensation | -- | 18.9M | 6.7M | 60.1M | 32.0M |
| Deferred Tax | -- | 43.2M | -23.5M | 20.1M | -5.4M |
| Deferred Income Tax | -- | 43.2M | -23.5M | 20.1M | -5.4M |
| Change In Working Capital | -- | 18.7M | -32.8M | -45.9M | -13.0M |
| Other Non Cash Items | -- | 69.5M | 92.8M | 88.4M | 90.5M |
| Capital Expenditure | -- | -216.7M | -226.7M | -184.2M | -75.9M |
| Purchase Of PPE | -- | -216.6M | -225.0M | -184.2M | -75.9M |
| Net PPE Purchase And Sale | -- | -186.3M | -201.1M | -147.1M | -62.9M |
| Purchase Of Business | -- | 0.00 | -28.6M | -10.2M | 0.00 |
| Purchase Of Investment | -- | -725,000 | -5.3M | -617,000 | -3.5M |
| Sale Of Investment | -- | 3.6M | 10.0M | 0.00 | -- |
| Net Investment Purchase And Sale | -- | 2.9M | 4.7M | -617,000 | -3.5M |
| Investing Cash Flow | -- | -203.0M | -214.8M | -144.4M | -56.6M |
| Cash Flow From Continuing Investing Activities | -- | -203.0M | -214.8M | -144.4M | -56.6M |
| Issuance Of Debt | -- | 28.0M | 162.6M | 144.9M | 696.3M |
| Repayment Of Debt | -- | -217.6M | -384.7M | -257.9M | -831.6M |
| Net Issuance Payments Of Debt | -- | -189.6M | -222.0M | -113.0M | -135.3M |
| Repurchase Of Capital Stock | -- | -75.5M | -30.0M | -10.0M | -4.3M |
| Net Common Stock Issuance | -- | -75.5M | -30.0M | -10.0M | -4.3M |
| Common Stock Payments | -- | -75.5M | -30.0M | -10.0M | -4.3M |
| Financing Cash Flow | -- | -261.4M | -252.0M | -113.2M | -149.9M |
| Cash Flow From Continuing Financing Activities | -- | -261.4M | -252.0M | -113.2M | -149.9M |
| Effect Of Exchange Rate Changes | -- | 1.9M | -1.2M | 1.5M | -883,000 |
| Changes In Cash | -- | 17.7M | 33.8M | -20.5M | -67.3M |
| Beginning Cash Position | -- | 54.2M | 21.6M | 40.6M | 108.8M |
| End Cash Position | -- | 73.8M | 54.2M | 21.6M | 40.6M |
| Free Cash Flow | -- | 265.4M | 273.8M | 52.9M | 63.3M |
| Gain Loss On Investment Securities | -- | 1.5M | 6.8M | -12.5M | 400,000 |
| Gain Loss On Sale Of Business | -- | 0.00 | -25.8M | 0.00 | -- |
| Gain Loss On Sale Of PPE | -- | -16.1M | -24.5M | -29.9M | -8.5M |
| Interest Paid Cfo | -- | -72.2M | -83.0M | -85.7M | -67.3M |
| Interest Received Cfo | -- | 2.0M | 1.2M | 310,000 | 360,000 |
| Long Term Debt Issuance | -- | 28.0M | 162.6M | 144.9M | 696.3M |
| Long Term Debt Payments | -- | -217.6M | -384.7M | -257.9M | -831.6M |
| Net Business Purchase And Sale | -- | 0.00 | -28.6M | -10.2M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -- | 2.4M | -866,000 | 638,000 | 1.7M |
| Net Income From Continuing Operations | -- | 111.3M | 289.2M | -34.3M | -177.4M |
| Net Intangibles Purchase And Sale | -- | -51,000 | -1.8M | 0.00 | 0.00 |
| Net Long Term Debt Issuance | -- | -189.6M | -222.0M | -113.0M | -135.3M |
| Net Other Financing Charges | -- | 3.0M | -- | -- | -10.4M |
| Net Other Investing Changes | -- | -19.6M | 12.1M | 13.5M | 9.7M |
| Operating Gains Losses | -- | -12.2M | -44.4M | -41.7M | 3.1M |
| Proceeds From Stock Option Exercised | -- | 686,000 | 0.00 | 9.8M | 0.00 |
| Purchase Of Intangibles | -- | -51,000 | -1.8M | 0.00 | 0.00 |
| Sale Of PPE | -- | 30.4M | 23.8M | 37.2M | 13.1M |
| Taxes Refund Paid | -- | -6.4M | -3.1M | -3.2M | -6.0M |