Overview

* High Arctic Q3 2025 revenue up 17% yr/yr, driven by new customer work

* Adjusted EBITDA for Q3 2025 nearly doubles from Q3 2024

* Net income from Team Snubbing significantly higher than Q3 2024

Outlook

* Company expects continued growth in Canada's energy sector due to infrastructure developments

* High Arctic sees opportunities despite global economic uncertainty and industry challenges

* Company aims to build on Q3 2025 results by executing strategic objectives

Result Drivers

* NEW CUSTOMER WORK - High-pressure stimulation work for a new customer contributed to revenue growth and margin expansion

* TEAM SNUBBING PERFORMANCE - Team Snubbing achieved record revenue and net income due to increased activity in Alaska and Canada

* OPERATIONAL EXCELLENCE - Maintained recordable incident-free work, supporting operational excellence

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$2.93

Revenue mln

Q3 Net C$931,00

Income 0

Q3 C$757,00

Adjusted 0

EBITDA

Q3 Capex C$173,00

0

Q3 C$1.55

EBITDA mln

Q3 C$108,00

Operatin 0

g Income

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)