Also trades as: MER.TO (TSX) · $vol 1M · MER.ST (STO) · $vol 1M

$1.46

-0.03 (-1.69%)

Weekly Expected Move ±3.9%

$1 $1 $1 $2 $2

OTC · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 39 · $983.7M mcap · 433M float · 0.060% daily turnover · Short 34% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions Dark Pool Short Interest

Income Trends

Revenue

$570M +0.0% ▲

Gross Profit

$131M +0.0% ▲

Operating Income

$95M +133.8% ▲

Net Income

-$32M +88.5% ▲

EPS (Diluted)

$-0.05 +91.7% ▲

EBITDA

$317M +215.7% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2025
Revenue	$570M
YoY Growth	+0.0%
Cost of Revenue	$439M
Gross Profit	$131M
Gross Margin	23.0%
R&D Expenses	$0
SG&A Expenses	$36M
Operating Expenses	$36M
Operating Income	$95M
Operating Margin	16.7%
Interest Expense	$39M
Income Before Tax	$12M
Tax Expense	$44M
Net Income	-$32M
Net Margin	-5.6%
EPS (Diluted)	$-0.05
EBITDA	$317M
Shares Outstanding	624M

Line Item	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$217M	$201M	$114M	$192M
Cost of Revenue	$161M	$179M	$78M	$112M
Gross Profit	$56M	$22M	$36M	$80M
Gross Margin	25.7%	10.9%	31.8%	41.6%
R&D Expenses	$0	$0	$0	$0
SG&A Expenses	$9M	$5M	$8M	$5M
Operating Expenses	$9M	$5M	$8M	$5M
Operating Income	$46M	$17M	$28M	$75M
Operating Margin	21.5%	8.6%	24.6%	39.1%
Interest Expense	$12M	$10M	$10M	$9M
Income Before Tax	$32M	-$97M	-$3M	$66M
Tax Expense	$27M	-$5M	$39M	$35M
Net Income	$5M	-$92M	-$42M	$31M
Net Margin	2.4%	-46.0%	-36.9%	16.2%
EPS (Diluted)	$0.01	$-0.14	$-0.06	$0.05
EBITDA	$117M	-$30M	$57M	$123M
Shares Outstanding	683M	676M	676M	688M

MRNFF OTC

Income Trends

Profit Margins

Year-over-Year Growth

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