Precision Drilling Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | -- | 462.2M | 406.6M | 496.3M | 468.2M |
| Operating Revenue | -- | 462.2M | 406.6M | 496.3M | 468.2M |
| Cost Of Revenue | -- | 79.5M | 74.9M | 75.0M | 82.2M |
| Gross Profit | -- | 382.8M | 331.8M | 421.3M | 386.0M |
| Selling General And Administration | -- | 30.8M | 24.8M | 29.8M | 35.3M |
| General And Administrative Expense | -- | 30.8M | 24.8M | 29.8M | 35.3M |
| Other Operating Expenses | -- | 313.8M | 273.7M | 329.1M | 312.3M |
| Operating Expense | -- | 344.6M | 298.5M | 358.8M | 347.6M |
| Operating Income | -- | 38.1M | 33.2M | 62.5M | 38.3M |
| EBIT | -- | 40.6M | 39.2M | 64.8M | 35.4M |
| Interest Expense | -- | 13.3M | 14.4M | 15.5M | 14.8M |
| Interest Expense Non Operating | -- | 13.3M | 14.4M | 15.5M | 14.8M |
| Interest Income | -- | 409,000 | 412,000 | 499,000 | -- |
| Interest Income Non Operating | -- | 409,000 | 412,000 | 499,000 | -- |
| Net Interest Income | -- | -13.8M | -14.9M | -15.8M | -16.3M |
| Other Income Expense | -- | 2.8M | 6.4M | 2.6M | -1.4M |
| Special Income Charges | -- | 3.5M | 6.4M | 2.9M | 1.9M |
| Gain On Sale Of Security | -- | -623,000 | -57,000 | -318,000 | -3.3M |
| Pretax Income | -- | 27.2M | 24.8M | 49.3M | 20.6M |
| Tax Provision | -- | 33.7M | 8.3M | 14.3M | 5.7M |
| Tax Effect Of Unusual Items | -- | 424,650 | 2.1M | 741,907 | -384,327 |
| Net Income From Continuing And Discontinued Operation | -- | -6.8M | 16.3M | 34.5M | 14.8M |
| Net Income From Continuing Operation Net Minority Interest | -- | -6.8M | 16.3M | 34.5M | 14.8M |
| Net Income Including Noncontrolling Interests | -- | -6.5M | 16.5M | 34.9M | 14.9M |
| Minority Interests | -- | -289,000 | -220,000 | -436,000 | -- |
| Net Income Common Stockholders | -- | -6.8M | 16.3M | 34.5M | 14.8M |
| Net Income | -- | -6.8M | 16.3M | 34.5M | 14.8M |
| EBITDA | -- | 120.1M | 114.0M | 139.8M | 117.6M |
| Normalized EBITDA | -- | 117.2M | 107.7M | 137.3M | 119.0M |
| Reconciled Depreciation | -- | 79.5M | 74.9M | 75.0M | 82.2M |
| Basic EPS | -3.23 | -- | 1.21 | 2.52 | 1.06 |
| Diluted EPS | -3.23 | -- | 1.07 | 2.20 | 1.06 |
| Basic Average Shares | 13.1M | -- | 13.4M | 13.7M | 14.0M |
| Diluted Average Shares | 13.1M | -- | 14.0M | 14.3M | 14.0M |
| Total Unusual Items | -- | 2.8M | 6.4M | 2.6M | -1.4M |
| Total Unusual Items Excluding Goodwill | -- | 2.8M | 6.4M | 2.6M | -1.4M |
| Tax Rate For Calcs | -- | 0.15 | 0.33 | 0.29 | 0.28 |
| Normalized Income | -- | -9.2M | 12.0M | 32.7M | 15.8M |
| Average Dilution Earnings | -- | -- | -- | -3.1M | -- |
| Diluted NI Availto Com Stockholders | -- | -6.8M | 16.3M | 31.4M | 14.8M |
| Gain On Sale Of Ppe | -- | 3.5M | 6.4M | 2.9M | 1.9M |
| Net Income Continuous Operations | -- | -6.5M | 16.5M | 34.9M | 14.9M |
| Net Non Operating Interest Income Expense | -- | -13.8M | -14.9M | -15.8M | -16.3M |
| Other Gand A | -- | 30.8M | 24.8M | 29.8M | 35.3M |
| Reconciled Cost Of Revenue | -- | 79.5M | 74.9M | 75.0M | 82.2M |
| Total Expenses | -- | 424.1M | 373.4M | 433.9M | 429.9M |
| Total Other Finance Cost | -- | 819,000 | 837,000 | 721,000 | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | -- | 38.3M | 46.7M | 28.2M | 73.8M |
| Cash Cash Equivalents And Short Term Investments | -- | 38.3M | 46.7M | 28.2M | 73.8M |
| Cash Financial | -- | 38.3M | 46.7M | 28.2M | 73.8M |
| Accounts Receivable | -- | 365.1M | 318.6M | 397.7M | 296.7M |
| Receivables | -- | 365.1M | 318.6M | 397.7M | 378.7M |
| Inventory | -- | 46.3M | 45.7M | 49.2M | 43.3M |
| Current Assets | -- | 449.7M | 411.0M | 481.1M | 501.3M |
| Gross PPE | -- | 2.3B | 2.3B | 2.4B | 7.4B |
| Accumulated Depreciation | -- | -- | -- | -- | -5.0B |
| Net PPE | -- | 2.3B | 2.3B | 2.4B | 2.4B |
| Goodwill And Other Intangible Assets | -- | 10.4M | 11.2M | 13.5M | 13.0M |
| Other Intangible Assets | -- | 10.4M | 11.2M | 13.5M | 13.0M |
| Other Non Current Assets | -- | 7.8M | 8.2M | 8.5M | 8.5M |
| Total Non Current Assets | -- | 2.4B | 2.3B | 2.4B | 2.5B |
| Total Assets | -- | 2.8B | 2.7B | 2.9B | 3.0B |
| Current Debt | -- | -- | 136.2M | 230.2M | -- |
| Current Debt And Capital Lease Obligation | -- | 18.0M | 154.6M | 249.9M | 20.6M |
| Accounts Payable | -- | 264.3M | 250.9M | 271.7M | 113.3M |
| Payables | -- | 266.7M | 252.8M | 276.2M | 117.1M |
| Payables And Accrued Expenses | -- | 266.7M | 252.8M | 276.2M | 282.0M |
| Current Accrued Expenses | -- | -- | -- | -- | 164.9M |
| Current Deferred Revenue | -- | -- | -- | -- | 36.2M |
| Current Liabilities | -- | 284.7M | 407.3M | 526.1M | 338.7M |
| Long Term Debt | -- | 687.7M | 546.4M | 567.8M | 812.5M |
| Long Term Debt And Capital Lease Obligation | -- | 735.8M | 595.0M | 619.5M | 867.0M |
| Long Term Capital Lease Obligation | -- | 48.1M | 48.6M | 51.7M | 54.6M |
| Other Non Current Liabilities | -- | 7.2M | 7.1M | 7.5M | 7.5M |
| Total Non Current Liabilities Net Minority Interest | -- | 848.9M | 670.3M | 688.9M | 935.6M |
| Total Liabilities Net Minority Interest | -- | 1.1B | 1.1B | 1.2B | 1.3B |
| Common Stock | -- | 2.3B | 2.3B | 2.3B | 2.3B |
| Capital Stock | -- | 2.3B | 2.3B | 2.3B | 2.3B |
| Additional Paid In Capital | -- | 79.6M | 78.4M | 77.0M | 77.6M |
| Retained Earnings | -- | -856.8M | -850.1M | -866.3M | -900.8M |
| Gains Losses Not Affecting Retained Earnings | -- | 175.5M | 159.4M | 197.8M | 199.0M |
| Other Equity Adjustments | -- | 175.5M | 159.4M | 197.8M | 199.0M |
| Common Stock Equity | -- | 1.7B | 1.7B | 1.7B | 1.7B |
| Stockholders Equity | -- | 1.7B | 1.7B | 1.7B | 1.7B |
| Total Equity Gross Minority Interest | -- | 1.7B | 1.7B | 1.7B | 1.7B |
| Minority Interest | -- | 4.6M | 4.7M | 5.0M | 4.5M |
| Total Capitalization | -- | 2.4B | 2.2B | 2.3B | 2.5B |
| Net Tangible Assets | -- | 1.7B | 1.6B | 1.7B | 1.7B |
| Tangible Book Value | -- | 1.7B | 1.6B | 1.7B | 1.7B |
| Working Capital | -- | 165.0M | 3.7M | -45.0M | 162.6M |
| Invested Capital | -- | 2.4B | 2.3B | 2.5B | 2.5B |
| Total Debt | -- | 753.9M | 749.6M | 869.4M | 887.6M |
| Net Debt | -- | 649.4M | 635.9M | 769.8M | 738.7M |
| Share Issued | -- | 13.2M | 13.3M | 13.5M | 13.8M |
| Ordinary Shares Number | -- | 13.2M | 13.3M | 13.5M | 13.8M |
| Assets Held For Sale Current | -- | 0.00 | 0.00 | 6.0M | 5.5M |
| Buildings And Improvements | -- | -- | -- | -- | 126.6M |
| Capital Lease Obligations | -- | 66.2M | 67.0M | 71.4M | 75.1M |
| Construction In Progress | -- | -- | -- | -- | 133.5M |
| Current Capital Lease Obligation | -- | 18.0M | 18.4M | 19.7M | 20.6M |
| Current Deferred Liabilities | -- | -- | -- | -- | 36.2M |
| Employee Benefits | -- | 11.3M | 7.2M | 5.4M | 13.7M |
| Income Tax Payable | -- | 2.4M | 1.9M | 4.5M | 3.8M |
| Interest Payable | -- | -- | -- | -- | 26.4M |
| Land And Improvements | -- | -- | -- | -- | 36.9M |
| Leases | -- | -- | -- | -- | 35.7M |
| Machinery Furniture Equipment | -- | -- | -- | -- | 61.2M |
| Non Current Accounts Receivable | -- | 4.4M | 4.5M | 4.7M | 4.8M |
| Non Current Deferred Assets | -- | 2.2M | 2.1M | 2.4M | 6.6M |
| Non Current Deferred Liabilities | -- | 94.6M | 61.0M | 56.6M | 47.5M |
| Non Current Deferred Taxes Assets | -- | 2.2M | 2.1M | 2.4M | 6.6M |
| Non Current Deferred Taxes Liabilities | -- | 94.6M | 61.0M | 56.6M | 47.5M |
| Other Current Borrowings | -- | -- | 136.2M | 230.2M | -- |
| Other Properties | -- | 2.3B | 2.3B | 2.4B | 267.5M |
| Other Receivables | -- | -- | -- | -- | 82.0M |
| Properties | -- | -- | -- | -- | 6.7B |
| Total Tax Payable | -- | 2.4M | 1.9M | 4.5M | 3.8M |
| Treasury Shares Number | -- | -- | -- | -- | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -- | 75.9M | 147.5M | 63.4M | 162.8M |
| Cash Flow From Continuing Operating Activities | -- | 75.9M | 147.5M | 63.4M | 162.8M |
| Depreciation And Amortization | -- | 79.5M | 74.9M | 75.0M | 82.2M |
| Depreciation Amortization Depletion | -- | 79.5M | 74.9M | 75.0M | 82.2M |
| Stock Based Compensation | -- | 5.6M | 3.4M | 3.0M | 4.4M |
| Deferred Tax | -- | 33.7M | 8.3M | 14.3M | 5.7M |
| Deferred Income Tax | -- | 33.7M | 8.3M | 14.3M | 5.7M |
| Change In Working Capital | -- | -20.7M | 43.2M | -46.4M | 42.3M |
| Other Non Cash Items | -- | 13.8M | 14.8M | 15.8M | 15.9M |
| Capital Expenditure | -- | -69.3M | -52.8M | -60.0M | -58.9M |
| Purchase Of PPE | -- | -69.3M | -52.8M | -60.0M | -58.9M |
| Net PPE Purchase And Sale | -- | -63.1M | -40.9M | -56.2M | -50.3M |
| Purchase Of Business | -- | -- | -- | -- | 0.00 |
| Purchase Of Investment | -- | -10,000 | 0.00 | -11,000 | -718,000 |
| Sale Of Investment | -- | 0.00 | 0.00 | -- | 0.00 |
| Net Investment Purchase And Sale | -- | -10,000 | 0.00 | -11,000 | -718,000 |
| Investing Cash Flow | -- | -61.2M | -36.0M | -57.2M | -62.0M |
| Cash Flow From Continuing Investing Activities | -- | -61.2M | -36.0M | -57.2M | -62.0M |
| Issuance Of Debt | -- | 128.8M | 10.0M | -- | 17.1M |
| Repayment Of Debt | -- | -142.3M | -87.8M | -20.7M | -45.1M |
| Net Issuance Payments Of Debt | -- | -13.5M | -77.8M | -20.7M | -28.0M |
| Repurchase Of Capital Stock | -- | -8.8M | -14.5M | -30.8M | -25.0M |
| Net Common Stock Issuance | -- | -8.8M | -14.5M | -30.8M | -25.0M |
| Common Stock Payments | -- | -8.8M | -14.5M | -30.8M | -25.0M |
| Financing Cash Flow | -- | -23.7M | -92.3M | -51.5M | -53.1M |
| Cash Flow From Continuing Financing Activities | -- | -23.7M | -92.3M | -51.5M | -53.1M |
| Effect Of Exchange Rate Changes | -- | 609,000 | -727,000 | -280,000 | 1.7M |
| Changes In Cash | -- | -9.0M | 19.2M | -45.2M | 47.8M |
| Beginning Cash Position | -- | 46.7M | 28.2M | 73.8M | 24.3M |
| End Cash Position | -- | 38.3M | 46.7M | 28.2M | 73.8M |
| Free Cash Flow | -- | 6.5M | 94.7M | 3.5M | 103.9M |
| Gain Loss On Investment Securities | -- | -94,000 | 1.7M | -49,000 | 1.8M |
| Gain Loss On Sale Of PPE | -- | -- | -6.4M | -2.9M | -1.9M |
| Interest Paid Cfo | -- | -27.0M | -3.6M | -29.6M | -2.8M |
| Interest Received Cfo | -- | 211,000 | 318,000 | 437,000 | 409,000 |
| Long Term Debt Issuance | -- | 128.8M | 10.0M | -- | 17.1M |
| Long Term Debt Payments | -- | -142.3M | -87.8M | -20.7M | -45.1M |
| Net Business Purchase And Sale | -- | -- | -- | -- | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -- | 1.4M | -1.6M | -783,000 | 1.5M |
| Net Income From Continuing Operations | -- | -6.5M | 16.5M | 34.9M | 14.9M |
| Net Intangibles Purchase And Sale | -- | 0.00 | -- | -- | 0.00 |
| Net Long Term Debt Issuance | -- | -13.5M | -77.8M | -20.7M | -28.0M |
| Net Other Financing Charges | -- | -1.5M | -- | -- | -46,000 |
| Net Other Investing Changes | -- | 1.9M | 4.9M | -991,000 | -10.9M |
| Operating Gains Losses | -- | -2.2M | -6.4M | -3.7M | 1.4M |
| Proceeds From Stock Option Exercised | -- | 208,000 | 0.00 | -- | 0.00 |
| Purchase Of Intangibles | -- | 0.00 | -- | -- | 0.00 |
| Sale Of PPE | -- | 6.2M | 11.8M | 3.8M | 8.6M |
| Taxes Refund Paid | -- | -588,000 | -3.8M | -321,000 | -1.6M |