Also trades as: FRHLF (OTC) · $vol 1M · 0UWL.L (LSE) · $vol 0M

C$16.51 ($11.58)

+0.12 (+0.73%)

Weekly Expected Move ±3.1%

C$15 C$16 C$16 C$17 C$18

TSX · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 35 · C$2.7B mcap · 137M float · 0.409% daily turnover

Revenue

$313M +1.3% ▲

5Y CAGR: +28.4%

Gross Profit

$197M -0.9% ▼

5Y CAGR: +79.6%

Operating Income

$166M -6.7% ▼

Net Income

$92M -38.6% ▼

EPS (Diluted)

$0.56 -42.9% ▼

EBITDA

$275M -10.8% ▼

5Y CAGR: +33.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$206M	$393M	$315M	$309M	$313M
YoY Growth	+129.2%	+90.6%	-20.0%	-1.6%	+1.3%
Cost of Revenue	$88M	$111M	$9M	$110M	$116M
Gross Profit	$118M	$282M	$305M	$199M	$197M
Gross Margin	57.3%	71.7%	97.0%	64.3%	62.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$19M	$22M	$19M	$19M	$19M
Operating Expenses	$20M	$23M	$19M	$21M	$31M
Operating Income	$99M	$258M	$286M	$178M	$166M
Operating Margin	47.8%	65.5%	90.9%	57.7%	53.1%
Interest Expense	$3M	$6M	$10M	$15M	$18M
Income Before Tax	$95M	$269M	$172M	$191M	$124M
Tax Expense	$23M	$60M	$41M	$42M	$32M
Net Income	$72M	$209M	$132M	$149M	$92M
Net Margin	35.0%	53.2%	41.9%	48.3%	29.3%
EPS (Diluted)	$0.53	$1.39	$0.87	$0.98	$0.56
EBITDA	$187M	$360M	$279M	$308M	$275M
Shares Outstanding	137M	151M	151M	152M	164M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$74M	$77M	$91M	$78M	$74M	$70M	$78M	$100M
Cost of Revenue	$29M	$29M	$31M	$30M	$30M	$30M	$25M	$25M
Gross Profit	$45M	$48M	$61M	$48M	$45M	$40M	$53M	$75M
Gross Margin	61.0%	62.1%	66.5%	61.6%	60.0%	57.1%	68.1%	74.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5M	$3M	$6M	$5M	$6M	$6M	$10M	$4M
Operating Expenses	$6M	$3M	$7M	$5M	$6M	$9M	$13M	$7M
Operating Income	$42M	$44M	$54M	$43M	$38M	$31M	$40M	$68M
Operating Margin	56.3%	57.7%	59.0%	55.1%	51.5%	44.2%	51.8%	67.6%
Interest Expense	$4M	$4M	$5M	$5M	$4M	$4M	$4M	$4M
Income Before Tax	$34M	$63M	$48M	$12M	$44M	$19M	$45M	$73M
Tax Expense	$9M	$12M	$11M	$6M	$10M	$5M	$10M	$16M
Net Income	$25M	$51M	$37M	$6M	$34M	$14M	$35M	$57M
Net Margin	33.8%	66.5%	41.0%	8.0%	45.9%	20.2%	45.1%	56.8%
EPS (Diluted)	$0.17	$0.33	$0.23	$0.04	$0.21	$0.09	$0.21	$0.35
EBITDA	$62M	$94M	$80M	$44M	$75M	$58M	$65M	$103M
Shares Outstanding	151M	154M	165M	165M	164M	164M	164M	165M

FRU.TO TSX