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Trican Well Service Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 1.1B 980.8M 972.7M 866.3M 562.5M
Operating Revenue 1.1B 980.8M 972.7M 866.3M 562.5M
Cost Of Revenue 879.1M 790.8M 771.5M 716.0M 519.2M
Gross Profit 217.1M 190.0M 201.2M 150.3M 43.3M
Selling General And Administration 60.0M 43.8M 39.5M 37.7M 29.9M
General And Administrative Expense 60.0M 43.8M 39.5M 37.7M 29.9M
Depreciation And Amortization In Income Statement 4.3M 3.9M 3.6M 3.5M 3.5M
Other Operating Expenses -1.5M -6.9M -3.8M -3.1M -4.7M
Operating Expense 62.7M 40.7M 39.4M 38.0M 28.7M
Operating Income 154.4M 149.3M 161.8M 112.3M 14.6M
EBIT 152.3M 148.0M 161.6M 110.5M 14.0M
Interest Expense 4.4M 2.5M 2.6M 2.6M 2.0M
Interest Expense Non Operating 4.4M 2.5M 2.6M 2.6M 2.0M
Net Interest Income -4.4M -2.5M -2.6M -2.6M -2.0M
Other Income Expense -2.1M -1.3M -214,000 -1.9M -640,000
Special Income Charges -1.9M -760,000 -156,000 -2.2M -374,000
Restructuring And Mergern Acquisition 1.8M 741,000 146,000 2.1M 424,000
Write Off 16,000 19,000 10,000 71,000 -50,000
Gain On Sale Of Security -278,000 -518,000 -58,000 274,000 -266,000
Pretax Income 147.9M 145.5M 159.0M 107.9M 12.0M
Tax Provision 35.7M 36.0M 38.0M 28.7M -80,000
Tax Effect Of Unusual Items -516,166 -316,474 -51,102 -504,081 -169,600
Net Income From Continuing And Discontinued Operation 112.2M 109.5M 121.0M 79.2M 17.2M
Net Income From Continuing Operation Net Minority Interest 112.2M 109.5M 121.0M 79.2M 12.1M
Net Income Including Noncontrolling Interests 112.2M 109.5M 121.0M 79.2M 17.2M
Net Income Common Stockholders 112.2M 109.5M 121.0M 79.2M 17.2M
Net Income 112.2M 109.5M 121.0M 79.2M 17.2M
EBITDA 240.3M 225.5M 238.8M 190.7M 101.8M
Normalized EBITDA 242.4M 226.8M 239.0M 192.6M 102.4M
Reconciled Depreciation 88.0M 77.5M 77.2M 80.2M 87.8M
Basic EPS -- 0.55 0.56 0.33 0.07
Diluted EPS -- 0.54 0.55 0.32 0.07
Basic Average Shares -- 199.8M 216.9M 241.4M 253.2M
Diluted Average Shares -- 203.2M 221.5M 246.7M 257.8M
Total Unusual Items -2.1M -1.3M -214,000 -1.9M -640,000
Total Unusual Items Excluding Goodwill -2.1M -1.3M -214,000 -1.9M -640,000
Tax Rate For Calcs 0.24 0.25 0.24 0.27 0.27
Normalized Income 113.8M 110.4M 121.2M 80.6M 12.5M
Depreciation Amortization Depletion Income Statement 4.3M 3.9M 3.6M 3.5M 3.5M
Depreciation Income Statement 4.3M 3.9M 3.6M 3.5M 3.5M
Diluted NI Availto Com Stockholders 112.2M 109.5M 121.0M 79.2M 17.2M
Impairment Of Capital Assets -- -- -- -- 0.00
Net Income Continuous Operations 112.2M 109.5M 121.0M 79.2M 12.1M
Net Income Discontinuous Operations -- -- -- 0.00 5.2M
Net Non Operating Interest Income Expense -4.4M -2.5M -2.6M -2.6M -2.0M
Other Gand A 24.6M 12.2M 11.1M 9.5M 8.5M
Reconciled Cost Of Revenue 795.3M 717.2M 698.0M 639.2M 434.9M
Salaries And Wages 35.3M 31.5M 28.4M 28.2M 21.4M
Total Expenses 941.8M 831.6M 810.9M 753.9M 547.9M
Total Operating Income As Reported 152.5M 148.5M 161.6M 110.2M 14.2M
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 12.5M 26.3M 88.8M 58.1M 29.5M
Cash Cash Equivalents And Short Term Investments 12.5M 26.3M 88.8M 58.1M 29.5M
Cash Financial -- -- -- -- 29.5M
Accounts Receivable 260.7M 210.6M 181.1M 175.4M 127.8M
Receivables 265.8M 210.6M 181.1M 175.4M 128.8M
Inventory 35.0M 20.3M 21.5M 24.7M 19.0M
Prepaid Assets 7.4M 6.3M 6.2M 5.0M 4.0M
Current Assets 320.6M 263.4M 297.6M 263.3M 181.3M
Gross PPE 1.1B 952.4M 1.0B 1.0B 1.1B
Accumulated Depreciation -554.7M -532.8M -594.0M -611.3M -669.2M
Net PPE 558.0M 419.6M 412.8M 404.8M 383.0M
Goodwill 74.0M 0.00 -- -- --
Goodwill And Other Intangible Assets 135.1M 0.00 0.00 3.0M 13.5M
Other Intangible Assets 61.0M -- -- -- 13.5M
Total Non Current Assets 693.1M 419.6M 412.8M 407.9M 396.5M
Total Assets 1.0B 683.1M 710.4M 671.1M 577.8M
Current Debt And Capital Lease Obligation 6.1M 5.1M 4.4M 3.0M 2.4M
Accounts Payable 50.5M 64.2M 50.4M 53.0M 40.7M
Payables 50.5M 68.6M 86.8M 53.0M 40.7M
Payables And Accrued Expenses 104.2M 116.1M 128.3M 84.7M 68.3M
Current Accrued Expenses 53.8M 47.6M 41.6M 31.7M 27.6M
Current Liabilities 129.0M 135.5M 144.4M 93.9M 77.6M
Long Term Debt 92.4M -- -- 29.8M --
Long Term Debt And Capital Lease Obligation 110.2M 14.9M 13.7M 39.4M 7.9M
Long Term Capital Lease Obligation 17.8M 14.9M 13.7M 9.6M 7.9M
Total Non Current Liabilities Net Minority Interest 188.9M 59.2M 48.9M 72.6M 10.9M
Total Liabilities Net Minority Interest 317.9M 194.7M 193.4M 166.5M 88.4M
Common Stock 831.1M 679.4M 753.1M 829.2M 893.8M
Capital Stock 831.1M 679.4M 753.1M 829.2M 893.8M
Additional Paid In Capital 68.0M 75.3M 83.3M 85.8M 87.8M
Retained Earnings -203.2M -266.3M -319.4M -410.3M -492.2M
Gains Losses Not Affecting Retained Earnings -- -- -- -- 0.00
Common Stock Equity 695.9M 488.4M 517.1M 504.7M 489.4M
Stockholders Equity 695.9M 488.4M 517.1M 504.7M 489.4M
Total Equity Gross Minority Interest 695.9M 488.4M 517.1M 504.7M 489.4M
Total Capitalization 788.2M 488.4M 517.1M 534.5M 489.4M
Net Tangible Assets 560.8M 488.4M 517.1M 501.6M 475.9M
Tangible Book Value 560.8M 488.4M 517.1M 501.6M 475.9M
Working Capital 191.7M 128.0M 153.2M 169.4M 103.8M
Invested Capital 788.2M 488.4M 517.1M 534.5M 489.4M
Total Debt 116.4M 20.0M 18.1M 42.4M 10.3M
Net Debt 79.9M -- -- -- --
Share Issued 210.8M 188.9M 209.1M 229.8M 247.0M
Ordinary Shares Number 210.8M 188.9M 209.1M 229.8M 247.0M
Allowance For Doubtful Accounts Receivable -1.4M -871,000 -2.1M -2.0M -1.5M
Buildings And Improvements 114.2M 102.9M 113.3M 113.3M 124.6M
Capital Lease Obligations 24.0M 20.0M 18.1M 12.6M 10.3M
Construction In Progress 21.7M 9.7M 0.00 -- 0.00
Current Capital Lease Obligation 6.1M 5.1M 4.4M 3.0M 2.4M
Employee Benefits 5.5M 6.2M 3.4M 2.9M 1.3M
Finished Goods 2.6M 2.7M 2.7M 2.3M 677,000
Gross Accounts Receivable 262.1M 211.5M 183.2M 177.5M 129.3M
Leases 16.5M 11.2M 10.3M 10.3M 9.4M
Machinery Furniture Equipment 25.3M 23.3M 36.6M 28.7M 24.5M
Non Current Deferred Liabilities 73.2M 38.1M 31.9M 30.3M 1.6M
Non Current Deferred Taxes Liabilities 73.2M 38.1M 31.9M 30.3M 1.6M
Other Inventories -- -- -- -- 6.6M
Other Properties 935.1M 805.3M 846.7M 863.9M 893.7M
Pensionand Other Post Retirement Benefit Plans Current 18.6M 14.2M 11.7M 6.2M 6.9M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 32.4M 17.5M 18.9M 22.4M 18.4M
Taxes Receivable 5.1M 0.00 -- 0.00 974,000
Total Tax Payable 0.00 4.4M 36.4M 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 167.6M 154.8M 248.5M 152.2M 74.1M
Cash Flow From Continuing Operating Activities 167.6M 154.8M 248.5M 152.2M 73.9M
Depreciation And Amortization 88.0M 77.5M 77.2M 80.2M 87.8M
Depreciation Amortization Depletion 88.0M 77.5M 77.2M 80.2M 87.8M
Stock Based Compensation 0.00 69,000 587,000 1.2M 2.2M
Deferred Tax 35.7M 36.0M 38.0M 28.7M -80,000
Deferred Income Tax 35.7M 36.0M 38.0M 28.7M -80,000
Change In Working Capital -26.5M -5.3M 12.0M -33.2M -28.4M
Change In Receivables 3.7M -29.5M -5.7M -47.6M -51.0M
Change In Inventory -7.3M 1.3M 3.1M -5.6M 2.6M
Change In Payables And Accrued Expense -23.3M 23.0M 15.8M 21.1M 19.3M
Change In Payable -23.3M 23.0M 15.8M 21.1M 19.3M
Other Non Cash Items 3.8M 5.3M 3.1M -314,000 2.0M
Capital Expenditure -62.9M -75.1M -79.3M -103.6M -53.9M
Purchase Of PPE -62.9M -75.1M -79.3M -103.6M -53.9M
Net PPE Purchase And Sale -58.4M -63.7M -71.8M -83.6M -43.7M
Purchase Of Business -54.7M 0.00 -- -- --
Investing Cash Flow -126.1M -75.9M -75.1M -85.8M -39.4M
Cash Flow From Continuing Investing Activities -126.1M -75.9M -75.1M -85.8M -47.1M
Issuance Of Debt 92.9M 0.00 -- 30.0M 0.00
Repayment Of Debt -45.4M -5.0M -3.7M -3.3M -3.3M
Net Issuance Payments Of Debt 47.5M -5.0M -33.5M 26.7M -3.3M
Issuance Of Capital Stock -- -- -- -- 2.2M
Repurchase Of Capital Stock -54.7M -95.0M -78.5M -69.0M -26.7M
Net Common Stock Issuance -54.7M -95.0M -78.5M -69.0M -26.7M
Common Stock Dividend Paid -41.6M -35.6M -34.3M 0.00 --
Common Stock Payments -54.7M -95.0M -78.5M -69.0M -26.7M
Financing Cash Flow -55.3M -141.4M -142.7M -37.8M -27.8M
Cash Flow From Continuing Financing Activities -55.3M -141.4M -142.7M -37.8M -27.8M
Effect Of Exchange Rate Changes -- -- -- -- 0.00
Changes In Cash -13.8M -62.5M 30.6M 28.6M 6.9M
Beginning Cash Position 26.3M 88.8M 58.1M 29.5M 22.6M
End Cash Position 12.5M 26.3M 88.8M 58.1M 29.5M
Free Cash Flow 104.7M 79.8M 169.2M 48.6M 20.2M
Amortization Cash Flow 2.7M 0.00 -- 10.5M 10.5M
Amortization Of Intangibles 2.7M 0.00 -- 10.5M 10.5M
Asset Impairment Charge -- -- -- -- -50,000
Cash Dividends Paid -41.6M -35.6M -34.3M 0.00 --
Cash From Discontinued Investing Activities -- -- -- 0.00 7.8M
Cash From Discontinued Operating Activities -- -- -- 0.00 147,000
Change In Account Payable -23.3M 23.0M 15.8M 21.1M --
Change In Income Tax Payable -- -- 36.4M 0.00 --
Change In Prepaid Assets 415,000 -67,000 -1.2M -1.0M 742,000
Change In Tax Payable -- -- 36.4M 0.00 --
Common Stock Issuance -- -- -- -- 2.2M
Depreciation 85.4M 77.5M -- 69.8M 77.4M
Gain Loss On Sale Of PPE -894,000 -4.1M -1.1M -2.5M -2.6M
Interest Paid Cfo -4.2M -2.3M -2.4M -2.5M -1.4M
Long Term Debt Issuance 92.9M 0.00 -- 30.0M 0.00
Long Term Debt Payments -45.4M -5.0M -3.7M -3.3M -3.3M
Net Business Purchase And Sale -54.7M 0.00 -- -- --
Net Foreign Currency Exchange Gain Loss 178,000 -178,000 103,000 338,000 -304,000
Net Income From Continuing Operations 112.2M 109.5M 121.0M 79.2M 12.1M
Net Long Term Debt Issuance 47.5M -5.0M -33.5M 26.7M -3.3M
Net Other Investing Changes -13.1M -12.3M -3.3M -2.2M -3.4M
Operating Gains Losses -716,000 -4.3M -1.0M -2.1M -2.9M
Proceeds From Stock Option Exercised -6.6M -5.8M 3.6M 4.4M 2.2M
Sale Of PPE 4.5M 11.4M 7.5M 20.0M 10.2M
Taxes Refund Paid -40.7M -61.7M 0.00 973,000 2.7M
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