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Source Energy Services Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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
Total Revenue 125.3M 201.9M 208.6M 145.0M 183.1M
Operating Revenue 125.3M 201.9M 208.6M 145.0M 183.1M
Cost Of Revenue 105.7M 165.2M 171.8M 119.6M 149.4M
Gross Profit 19.6M 36.7M 36.8M 25.4M 33.7M
Selling General And Administration 9.5M 12.9M 6.8M 15.7M 9.9M
General And Administrative Expense 6.3M 9.0M 3.3M 13.0M 7.3M
Depreciation And Amortization In Income Statement 5.5M 5.4M 5.7M 3.8M 4.8M
Other Operating Expenses 1.2M 1.4M 1.1M 1.4M 1.1M
Operating Expense 16.2M 19.7M 13.6M 21.0M 15.8M
Operating Income 3.4M 17.0M 23.2M 4.4M 17.9M
EBIT -423,000 23.7M 36.7M 1.7M 20.3M
Interest Expense 6.3M 7.1M 6.6M 7.9M 7.9M
Interest Expense Non Operating 6.3M 7.1M 6.6M 7.9M 7.9M
Net Interest Income -6.6M -7.2M -6.9M -8.7M -8.2M
Other Income Expense -3.6M 6.8M 13.8M -2.0M 2.7M
Other Non Operating Income Expenses -165,000 575,000 23.8M 2.5M 1.8M
Special Income Charges -239,000 -1.2M -10.2M -5.1M 862,000
Gain On Sale Of Security -3.2M 7.5M 230,000 610,000 66,000
Pretax Income -6.7M 16.6M 30.1M -6.3M 12.4M
Tax Provision -497,000 3.1M 6.5M 963,000 2.2M
Tax Effect Of Unusual Items -253,090 1.1M -2.2M -672,000 166,970
Net Income From Continuing And Discontinued Operation -6.2M 13.6M 23.6M -7.2M 10.2M
Net Income From Continuing Operation Net Minority Interest -6.2M 13.6M 23.6M -7.2M 10.2M
Net Income Including Noncontrolling Interests -6.2M 13.6M 23.6M -7.2M 10.2M
Net Income Common Stockholders -6.2M 13.6M 23.6M -7.2M 10.2M
Net Income -6.2M 13.6M 23.6M -7.2M 10.2M
EBITDA 15.7M 41.0M 51.8M 14.1M 34.7M
Normalized EBITDA 19.2M 34.8M 61.9M 18.6M 33.7M
Reconciled Depreciation 16.2M 17.3M 15.1M 12.5M 14.4M
Basic EPS -0.46 1.01 1.74 -- 0.75
Diluted EPS -0.46 1.01 1.74 -- 0.74
Basic Average Shares 13.5M 13.5M 13.5M -- 13.5M
Diluted Average Shares 13.5M 13.5M 13.5M -- 13.7M
Total Unusual Items -3.4M 6.2M -10.0M -4.5M 928,000
Total Unusual Items Excluding Goodwill -3.4M 6.2M -10.0M -4.5M 928,000
Tax Rate For Calcs 0.07 0.18 0.22 0.15 0.18
Normalized Income -3.1M 8.5M 31.4M -3.4M 9.4M
Depreciation Amortization Depletion Income Statement 5.5M 5.4M 5.7M 3.8M 4.8M
Depreciation Income Statement 5.5M 5.4M 5.7M 3.8M 4.8M
Diluted NI Availto Com Stockholders -6.2M 13.6M 23.6M -7.2M 10.2M
Gain On Sale Of Ppe -443,000 -536,000 -4,000 -628,000 862,000
Net Income Continuous Operations -6.2M 13.6M 23.6M -7.2M 10.2M
Net Non Operating Interest Income Expense -6.6M -7.2M -6.9M -8.7M -8.2M
Other Gand A 1.3M 1.3M 1.4M 1.3M 972,000
Other Special Charges -204,000 705,000 10.2M 3.1M 221,000
Reconciled Cost Of Revenue 95.0M 153.3M 162.4M 111.0M 139.8M
Rent And Landing Fees 0.00 0.00 13,000 0.00 0.00
Rent Expense Supplemental 0.00 0.00 13,000 0.00 0.00
Salaries And Wages 5.0M 7.6M 1.8M 11.7M 6.4M
Selling And Marketing Expense 3.2M 4.0M 3.6M 2.7M 2.6M
Total Expenses 121.9M 184.9M 185.4M 140.6M 165.2M
Total Operating Income As Reported 3.8M 18.1M 18.3M 10.2M 18.9M
Total Other Finance Cost 277,000 103,000 243,000 777,000 306,000
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 30.4M 43.8M 32.6M 32.7M 910,000
Cash Cash Equivalents And Short Term Investments 30.4M 43.8M 32.6M 32.7M 910,000
Cash Financial 30.4M 43.8M 32.6M 32.7M 910,000
Accounts Receivable 51.8M 84.9M 70.7M 79.5M 67.9M
Receivables 53.3M 86.4M 72.3M 80.8M 68.6M
Inventory 92.8M 79.1M 85.7M 89.4M 73.1M
Prepaid Assets 6.0M 6.5M 7.5M 9.6M 6.1M
Current Assets 182.5M 215.9M 198.1M 212.6M 148.7M
Gross PPE 766.3M 732.5M 737.1M 712.1M 664.0M
Accumulated Depreciation -372.0M -367.5M -369.4M -355.4M -325.8M
Net PPE 394.3M 365.0M 367.7M 356.7M 338.2M
Total Non Current Assets 415.4M 386.2M 390.8M 385.6M 364.6M
Total Assets 597.9M 602.1M 588.9M 598.2M 513.3M
Current Debt 14.7M 18.3M 12.4M 8.1M 153.9M
Current Debt And Capital Lease Obligation 41.6M 42.3M 29.7M 27.5M 171.9M
Accounts Payable 76.9M 83.6M 68.1M 94.8M --
Payables 82.6M 89.2M 74.5M 100.1M --
Payables And Accrued Expenses 82.6M 89.2M 74.5M 100.1M 65.2M
Current Deferred Revenue 2.6M 4.0M 4.4M 11.8M 5.7M
Current Liabilities 128.4M 136.9M 110.1M 141.0M 244.1M
Long Term Debt 166.3M 165.7M 176.8M 186.9M 9.1M
Long Term Debt And Capital Lease Obligation 243.7M 234.0M 247.3M 247.4M 64.5M
Long Term Capital Lease Obligation 77.4M 68.4M 70.5M 60.5M 55.4M
Total Non Current Liabilities Net Minority Interest 259.1M 249.1M 265.5M 267.4M 82.1M
Total Liabilities Net Minority Interest 387.5M 386.0M 375.6M 408.4M 326.3M
Common Stock 405.6M 407.9M 410.6M 410.6M 410.6M
Capital Stock 405.6M 407.9M 410.6M 410.6M 410.6M
Additional Paid In Capital 2.5M 2.5M 2.5M 2.5M 2.5M
Retained Earnings -214.0M -207.8M -221.3M -244.9M -237.7M
Gains Losses Not Affecting Retained Earnings 16.2M 13.5M 21.6M 21.7M 11.7M
Other Equity Adjustments 16.2M 13.5M 21.6M 21.7M 11.7M
Common Stock Equity 210.3M 216.1M 213.3M 189.9M 187.1M
Stockholders Equity 210.3M 216.1M 213.3M 189.9M 187.1M
Total Equity Gross Minority Interest 210.3M 216.1M 213.3M 189.9M 187.1M
Total Capitalization 376.6M 381.7M 390.1M 376.7M 196.2M
Net Tangible Assets 210.3M 216.1M 213.3M 189.9M 187.1M
Tangible Book Value 210.3M 216.1M 213.3M 189.9M 187.1M
Working Capital 54.1M 79.0M 88.0M 71.6M -95.4M
Invested Capital 391.4M 400.1M 402.5M 384.8M 350.2M
Total Debt 285.3M 276.3M 277.0M 274.9M 236.4M
Net Debt 150.6M 140.2M 156.6M 162.2M 162.2M
Share Issued 13.2M 13.3M 13.5M 13.5M 13.5M
Ordinary Shares Number 13.2M 13.3M 13.5M 13.5M 13.5M
Allowance For Doubtful Accounts Receivable -84,000 -155,000 -97,000 -402,000 -404,000
Capital Lease Obligations 104.3M 92.3M 87.8M 79.9M 73.3M
Construction In Progress 45.7M 32.5M 32.3M 31.6M 34.9M
Current Capital Lease Obligation 26.9M 23.9M 17.3M 19.4M 17.9M
Current Deferred Liabilities 2.6M 4.0M 4.4M 11.8M 5.7M
Current Provisions 1.5M 1.5M 1.6M 1.6M 1.3M
Finished Goods 31.5M 23.8M 26.2M 33.8M 22.6M
Foreign Currency Translation Adjustments -- -- -- -- --
Gross Accounts Receivable 51.9M 85.1M 70.8M 79.9M 68.3M
Income Tax Payable 5.8M 5.6M 6.3M 5.3M --
Land And Improvements 241.9M 237.0M 244.0M 237.2M 216.3M
Leases 13.9M 13.8M 14.0M 13.2M 11.5M
Long Term Provisions 9.1M 8.8M 9.7M 9.2M 9.2M
Machinery Furniture Equipment 307.7M 300.4M 304.7M 299.8M 280.4M
Non Current Accounts Receivable 1.6M 2.0M 2.5M 2.8M 1.5M
Non Current Deferred Assets 16.0M 15.5M 16.7M 22.4M 21.4M
Non Current Deferred Liabilities 6.4M 6.3M 8.5M 10.8M 8.4M
Non Current Deferred Revenue 1.6M 847,000 1.3M 1.6M 1.9M
Non Current Deferred Taxes Assets 15.7M 15.1M 16.2M 21.8M 21.4M
Non Current Deferred Taxes Liabilities 4.7M 5.4M 7.2M 9.1M 6.6M
Non Current Prepaid Assets 3.4M 3.6M 3.8M 3.7M 3.5M
Other Current Borrowings 14.7M 18.3M 12.4M 8.1M 153.9M
Other Properties 99.2M 95.6M 90.3M 81.7M 76.3M
Other Receivables 1.5M 1.5M 1.6M 1.3M 682,000
Properties 57.8M 53.1M 51.8M 48.6M 44.5M
Raw Materials 4.8M 4.2M 4.1M 3.9M 3.9M
Total Tax Payable 5.8M 5.6M 6.3M 5.3M --
Work In Process 56.6M 51.1M 55.5M 51.7M 46.6M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 35.0M 35.9M 26.6M 33.4M 16.3M
Cash Flow From Continuing Operating Activities 35.0M 35.9M 26.6M 33.4M 16.3M
Depreciation And Amortization 16.2M 17.3M 15.1M 12.5M 14.4M
Depreciation Amortization Depletion 16.2M 17.3M 15.1M 12.5M 14.4M
Stock Based Compensation 321,000 1.1M -5.0M 5.4M 1.0M
Deferred Tax -497,000 3.1M 6.5M 5.5M 2.2M
Deferred Income Tax -497,000 3.1M 6.5M 5.5M 2.2M
Change In Working Capital 17.8M 5.9M -610,000 8.2M -16.5M
Changes In Account Receivables 33.5M -13.9M 9.1M -10.9M 3.0M
Change In Receivables 33.5M -13.9M 9.1M -10.9M 3.0M
Change In Inventory -11.5M 2.5M 2.7M -11.9M 7.2M
Change In Payables And Accrued Expense -5.9M 16.5M -14.7M 25.2M -25.7M
Change In Other Working Capital -- -- 337,000 -- --
Other Non Cash Items 5.1M 5.4M -10.3M 9.6M 5.9M
Capital Expenditure -25.7M -11.3M -10.9M -15.1M -9.3M
Net PPE Purchase And Sale 819,000 639,000 90,000 3.3M 3.8M
Investing Cash Flow -26.1M -11.4M -9.7M -11.5M -6.7M
Cash Flow From Continuing Investing Activities -26.1M -11.4M -9.7M -11.5M -6.7M
Issuance Of Debt 4.9M 7.5M 0.00 -- 192.7M
Repayment Of Debt -18.6M -10.7M -10.2M -891.6M -194.6M
Net Issuance Payments Of Debt -13.7M -3.2M -10.2M 25.8M -2.0M
Net Common Stock Issuance -2.3M -- -- -- 0.00
Financing Cash Flow -22.5M -12.6M -17.0M 10.0M -8.6M
Cash Flow From Continuing Financing Activities -22.5M -12.6M -17.0M 10.0M -8.6M
Effect Of Exchange Rate Changes 172,000 -704,000 -23,000 -- 0.00
Changes In Cash -13.6M 11.9M -75,000 31.8M 910,000
Beginning Cash Position 43.8M 32.6M 32.7M 910,000 0.00
End Cash Position 30.4M 43.8M 32.6M 32.7M 910,000
Free Cash Flow 9.3M 24.6M 15.7M 18.3M 7.0M
Interest Paid Supplemental Data 5.8M 5.9M 6.5M 8.6M 6.3M
Capital Expenditure Reported -25.7M -11.3M -10.9M -15.1M -9.3M
Cash Dividends Paid 0.00 0.00 0.00 0.00 0.00
Change In Prepaid Assets 1.7M 829,000 2.0M -1.9M -1.0M
Depreciation 16.2M 17.3M 15.1M 12.5M 14.4M
Interest Paid Cff -6.5M -6.7M -6.8M -15.8M -6.7M
Long Term Debt Issuance 4.9M 7.5M 0.00 -- 192.7M
Long Term Debt Payments -18.6M -10.7M -10.2M -891.6M -194.6M
Net Foreign Currency Exchange Gain Loss 3.2M -8.4M -150,000 -- 0.00
Net Income From Continuing Operations -6.2M 13.6M 23.6M -7.2M 10.2M
Net Long Term Debt Issuance -13.7M -3.2M -10.2M 25.8M -2.0M
Net Other Financing Charges -- -2.7M -- -- --
Net Other Investing Changes -1.3M -752,000 1.1M 262,000 -1.2M
Operating Gains Losses 3.5M -7.5M -1.1M 464,000 -862,000
Sale Of PPE 819,000 639,000 90,000 3.3M 3.8M
Taxes Refund Paid -1.1M -2.9M -1.7M -- 0.00
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