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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 Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 322.7M 213.8M 259.1M 275.5M 221.6M
Operating Revenue 322.7M 213.8M 259.1M 275.5M 221.6M
Cost Of Revenue 259.5M 173.9M 205.4M 225.9M 178.8M
Gross Profit 63.2M 39.9M 53.7M 49.6M 42.8M
Selling General And Administration 15.4M 12.6M 10.4M 11.8M 10.7M
General And Administrative Expense 15.4M 12.6M 10.4M 11.8M 10.7M
Depreciation And Amortization In Income Statement 1.4M 968,000 956,000 939,000 964,000
Other Operating Expenses 287,000 -318,000 -568,000 -670,000 -1.9M
Operating Expense 17.0M 13.2M 10.8M 12.1M 9.8M
Operating Income 46.2M 26.7M 42.9M 37.5M 33.0M
EBIT 45.5M 25.9M 42.6M 37.0M 32.9M
Interest Expense 2.6M 664,000 590,000 655,000 545,000
Interest Expense Non Operating 2.6M 664,000 590,000 655,000 545,000
Net Interest Income -2.6M -664,000 -590,000 -655,000 -545,000
Other Income Expense -656,000 -753,000 -256,000 -536,000 -128,000
Special Income Charges -860,000 -844,000 -182,000 -134,000 -229,000
Restructuring And Mergern Acquisition 868,000 820,000 182,000 132,000 212,000
Write Off -8,000 24,000 -- 2,000 17,000
Gain On Sale Of Security 204,000 91,000 -74,000 -402,000 101,000
Pretax Income 42.9M 25.3M 42.0M 36.4M 32.3M
Tax Provision 11.0M 5.8M 10.2M 8.8M 7.8M
Tax Effect Of Unusual Items -167,897 -172,814 -61,870 -129,105 -31,059
Net Income From Continuing And Discontinued Operation 31.9M 19.5M 31.9M 27.6M 24.5M
Net Income From Continuing Operation Net Minority Interest 31.9M 19.5M 31.9M 27.6M 24.5M
Net Income Including Noncontrolling Interests 31.9M 19.5M 31.9M 27.6M 24.5M
Net Income Common Stockholders 31.9M 19.5M 31.9M 27.6M 24.5M
Net Income 31.9M 19.5M 31.9M 27.6M 24.5M
EBITDA 73.3M 45.3M 61.8M 55.8M 52.2M
Normalized EBITDA 74.0M 46.1M 62.0M 56.4M 52.3M
Reconciled Depreciation 27.8M 19.4M 19.1M 18.8M 19.3M
Basic EPS -- 0.11 0.17 -- 0.12
Diluted EPS -- 0.11 0.17 -- 0.12
Basic Average Shares -- 182.0M 188.2M -- 197.0M
Diluted Average Shares -- 184.5M 190.9M -- 200.1M
Total Unusual Items -656,000 -753,000 -256,000 -536,000 -128,000
Total Unusual Items Excluding Goodwill -656,000 -753,000 -256,000 -536,000 -128,000
Tax Rate For Calcs 0.26 0.23 0.24 0.24 0.24
Normalized Income 32.4M 20.1M 32.1M 28.0M 24.6M
Depreciation Amortization Depletion Income Statement 1.4M 968,000 956,000 939,000 964,000
Depreciation Income Statement 1.4M 968,000 956,000 939,000 964,000
Diluted NI Availto Com Stockholders 31.9M 19.5M 31.9M 27.6M 24.5M
Net Income Continuous Operations 31.9M 19.5M 31.9M 27.6M 24.5M
Net Non Operating Interest Income Expense -2.6M -664,000 -590,000 -655,000 -545,000
Other Gand A 6.8M 5.4M 3.8M 3.7M 3.2M
Reconciled Cost Of Revenue 233.1M 155.5M 187.2M 208.0M 160.5M
Salaries And Wages 8.6M 7.2M 6.6M 8.1M 7.5M
Total Expenses 276.6M 187.1M 216.2M 238.0M 188.6M
Total Operating Income As Reported 45.3M 25.9M 42.7M 37.4M 32.8M
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 12.5M 36.3M 4.1M 26.3M 3.0M
Cash Cash Equivalents And Short Term Investments 12.5M 36.3M 4.1M 26.3M 3.0M
Accounts Receivable 260.7M 161.7M 229.8M 210.6M 192.0M
Receivables 265.8M 161.7M 229.8M 210.6M 192.0M
Inventory 35.0M 19.1M 21.1M 20.3M 19.7M
Prepaid Assets 7.4M 3.4M 4.9M 6.3M 6.0M
Current Assets 320.6M 220.5M 260.0M 263.4M 220.6M
Gross PPE 1.1B 401.7M 402.6M 952.4M 412.6M
Accumulated Depreciation -554.7M -- -- -532.8M --
Net PPE 558.0M 401.7M 402.6M 419.6M 412.6M
Goodwill 74.0M -- -- 0.00 --
Goodwill And Other Intangible Assets 135.1M -- -- 0.00 --
Other Intangible Assets 61.0M -- -- -- --
Other Non Current Assets -- 17.1M 9.7M -- 3.4M
Total Non Current Assets 693.1M 418.8M 412.3M 419.6M 412.6M
Total Assets 1.0B 639.3M 672.2M 683.1M 633.2M
Current Debt And Capital Lease Obligation 6.1M 5.5M 5.1M 5.1M 5.2M
Accounts Payable 50.5M 100.6M 89.3M 64.2M 76.0M
Payables 50.5M 100.9M 95.9M 68.6M 79.0M
Payables And Accrued Expenses 104.2M 100.9M 95.9M 116.1M 79.0M
Current Accrued Expenses 53.8M -- -- 47.6M --
Current Liabilities 129.0M 106.4M 101.0M 135.5M 84.2M
Long Term Debt 92.4M -- 17.2M -- 8.2M
Long Term Debt And Capital Lease Obligation 110.2M 14.2M 30.8M 14.9M 23.4M
Long Term Capital Lease Obligation 17.8M 14.2M 13.6M 14.9M 15.2M
Total Non Current Liabilities Net Minority Interest 188.9M 56.4M 72.4M 59.2M 64.3M
Total Liabilities Net Minority Interest 317.9M 162.8M 173.4M 194.7M 148.5M
Common Stock 831.1M 640.9M 670.6M 679.4M 690.3M
Capital Stock 831.1M 640.9M 670.6M 679.4M 690.3M
Additional Paid In Capital 68.0M 74.8M 74.9M 75.3M 76.0M
Retained Earnings -203.2M -239.2M -246.6M -266.3M -281.6M
Common Stock Equity 695.9M 476.5M 498.8M 488.4M 484.7M
Stockholders Equity 695.9M 476.5M 498.8M 488.4M 484.7M
Total Equity Gross Minority Interest 695.9M 476.5M 498.8M 488.4M 484.7M
Total Capitalization 788.2M 476.5M 516.0M 488.4M 492.9M
Net Tangible Assets 560.8M 476.5M 498.8M 488.4M 484.7M
Tangible Book Value 560.8M 476.5M 498.8M 488.4M 484.7M
Working Capital 191.7M 114.1M 159.0M 128.0M 136.5M
Invested Capital 788.2M 476.5M 516.0M 488.4M 492.9M
Total Debt 116.4M 19.7M 35.9M 20.0M 28.5M
Net Debt 79.9M -- 13.1M -- 5.1M
Share Issued 210.8M 178.5M 186.5M 188.9M 191.9M
Ordinary Shares Number 210.8M 178.5M 186.5M 188.9M 191.9M
Allowance For Doubtful Accounts Receivable -1.4M -- -- -871,000 --
Buildings And Improvements 114.2M -- -- 102.9M --
Capital Lease Obligations 24.0M 19.7M 18.7M 20.0M 20.4M
Construction In Progress 21.7M -- -- 9.7M 3.4M
Current Capital Lease Obligation 6.1M 5.5M 5.1M 5.1M 5.2M
Employee Benefits 5.5M 2.7M 2.0M 6.2M 4.8M
Finished Goods 2.6M -- -- 2.7M --
Gross Accounts Receivable 262.1M -- -- 211.5M --
Leases 16.5M -- -- 11.2M --
Machinery Furniture Equipment 25.3M -- -- 23.3M --
Non Current Deferred Liabilities 73.2M 39.6M 39.5M 38.1M 36.2M
Non Current Deferred Taxes Liabilities 73.2M 39.6M 39.5M 38.1M 36.2M
Other Properties 935.1M 401.7M 402.6M 805.3M 409.2M
Pensionand Other Post Retirement Benefit Plans Current 18.6M -- -- 14.2M --
Properties 0.00 -- -- 0.00 --
Raw Materials 32.4M -- -- 17.5M --
Taxes Receivable 5.1M -- -- 0.00 --
Total Tax Payable 0.00 338,000 6.6M 4.4M 3.0M
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 88.6M 115.8M -4.6M 82.1M 23.7M
Cash Flow From Continuing Operating Activities 88.6M 115.8M -4.6M 82.1M 23.7M
Depreciation And Amortization 27.8M 19.4M 19.1M 18.8M 19.3M
Depreciation Amortization Depletion 27.8M 19.4M 19.1M 18.8M 19.3M
Stock Based Compensation 0.00 0.00 0.00 0.00 1,000
Deferred Tax 11.0M 5.8M 10.2M 8.8M 7.8M
Deferred Income Tax 11.0M 5.8M 10.2M 8.8M 7.8M
Change In Working Capital 28.8M 82.5M -54.8M 31.1M -21.1M
Change In Receivables 26.1M 68.1M -19.2M -18.7M -10.1M
Change In Inventory -8.8M 2.0M -833,000 -613,000 839,000
Change In Payables And Accrued Expense 11.4M 10.8M -36.1M 50.7M -8.6M
Change In Payable 11.4M 10.8M -36.1M 50.7M -8.6M
Other Non Cash Items 3.4M 1.3M -3.5M 2.0M 1.8M
Capital Expenditure -15.2M -16.2M -12.5M -18.7M -15.2M
Purchase Of PPE -15.2M -16.2M -12.5M -18.7M -15.2M
Net PPE Purchase And Sale -14.9M -16.1M -11.4M -18.5M -10.3M
Purchase Of Business 0.00 -- -- -- --
Investing Cash Flow -12.7M -23.7M -12.3M -25.7M -14.8M
Cash Flow From Continuing Investing Activities -12.7M -23.7M -12.3M -25.7M -14.8M
Issuance Of Debt -- -- 17.3M -- --
Repayment Of Debt -41.3M -18.7M -1.3M -1.3M -1.3M
Net Issuance Payments Of Debt -87.5M -18.7M 16.0M -9.5M 6.8M
Repurchase Of Capital Stock -8.2M -32.3M -11.8M -14.8M -36.4M
Net Common Stock Issuance -8.2M -32.3M -11.8M -14.8M -36.4M
Common Stock Dividend Paid -11.6M -8.9M -9.3M -8.5M -8.7M
Common Stock Payments -8.2M -32.3M -11.8M -14.8M -36.4M
Financing Cash Flow -71.9M -59.8M -5.2M -33.2M -41.9M
Cash Flow From Continuing Financing Activities -71.9M -59.8M -5.2M -33.2M -41.9M
Changes In Cash 3.9M 32.2M -22.1M 23.3M -33.0M
Beginning Cash Position 8.5M 4.1M 26.3M 3.0M 36.0M
End Cash Position 12.5M 36.3M 4.1M 26.3M 3.0M
Free Cash Flow 73.3M 99.5M -17.1M 63.5M 8.5M
Cash Dividends Paid -11.6M -8.9M -9.3M -8.5M -8.7M
Change In Prepaid Assets 197,000 1.5M 1.3M -266,000 -3.3M
Gain Loss On Sale Of PPE 58,000 -76,000 -365,000 -121,000 -1.4M
Interest Paid Cfo -2.4M -443,000 -716,000 -607,000 -498,000
Long Term Debt Issuance -- -- 17.3M -- --
Long Term Debt Payments -41.3M -18.7M -1.3M -1.3M -1.3M
Net Business Purchase And Sale 0.00 -- -- -- --
Net Foreign Currency Exchange Gain Loss 136,000 -152,000 140,000 46,000 -33,000
Net Income From Continuing Operations 31.9M 19.5M 31.9M 27.6M 24.5M
Net Long Term Debt Issuance -87.5M -18.7M 16.0M -9.5M 6.8M
Net Other Investing Changes 2.2M -7.6M -958,000 -7.3M -4.4M
Operating Gains Losses 194,000 -228,000 -225,000 -75,000 -1.4M
Proceeds From Stock Option Exercised -4.2M 80,000 -19,000 -379,000 -3.5M
Sale Of PPE 332,000 100,000 1.1M 186,000 4.9M
Taxes Refund Paid -12.2M -12.0M -6.6M -5.5M -6.6M
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