Also trades as: TRMLF (OTC) · $vol 9M

C$61.99 ($43.49)

+1.33 (+2.19%)

Weekly Expected Move ±3.9%

C$57 C$59 C$62 C$64 C$66

TSX · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 40 · C$24.1B mcap · 370M float · 0.711% daily turnover

Revenue

$5.8B +33.7% ▲

5Y CAGR: +21.2%

Gross Profit

$321M -85.4% ▼

5Y CAGR: -24.5%

Operating Income

$70M -96.1% ▼

5Y CAGR: -36.5%

Net Income

$263M -79.2% ▼

5Y CAGR: -15.7%

EPS (Diluted)

$0.68 -80.6% ▼

5Y CAGR: -21.4%

EBITDA

$3.1B -1.8% ▼

5Y CAGR: +20.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.8B	$7.1B	$4.8B	$4.4B	$5.8B
YoY Growth	+114.2%	+49.0%	-31.8%	-10.0%	+33.7%
Cost of Revenue	$1.3B	$1.7B	$1.9B	$2.2B	$5.5B
Gross Profit	$3.4B	$5.4B	$3.0B	$2.2B	$321M
Gross Margin	71.9%	75.7%	61.0%	50.4%	5.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$104M	$132M	$179M	$228M	$252M
Operating Expenses	$836M	-$587M	$708M	$417M	$252M
Operating Income	$2.6B	$6.0B	$2.2B	$1.8B	$70M
Operating Margin	54.4%	83.9%	46.4%	40.8%	1.2%
Interest Expense	$37M	$30M	$38M	$81M	$70M
Income Before Tax	$2.5B	$5.9B	$2.2B	$1.7B	$344M
Tax Expense	$494M	$1.4B	$443M	$394M	$81M
Net Income	$2.0B	$4.5B	$1.7B	$1.3B	$263M
Net Margin	42.5%	63.2%	35.9%	29.0%	4.5%
EPS (Diluted)	$6.40	$13.10	$5.03	$3.51	$0.68
EBITDA	$2.8B	$7.1B	$3.3B	$3.2B	$3.1B
Shares Outstanding	317M	343M	345M	360M	384M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$874M	$1.1B	$1.3B	$1.1B	$1.3B	$1.5B	$1.6B	$1.4B
Cost of Revenue	$545M	$548M	$629M	$600M	$1.1B	$2.3B	$1.1B	$979M
Gross Profit	$329M	$572M	$676M	$485M	$215M	-$796M	$503M	$381M
Gross Margin	37.6%	51.1%	51.8%	44.7%	16.6%	-51.9%	31.1%	28.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$53M	$62M	$64M	$64M	$65M	$59M	$65M	$61M
Operating Expenses	-$166M	$13M	$370M	-$239M	$65M	$59M	$65M	$61M
Operating Income	$495M	$559M	$306M	$724M	$150M	-$855M	$439M	$320M
Operating Margin	56.6%	49.9%	23.5%	66.8%	11.6%	-55.7%	27.1%	23.5%
Interest Expense	$21M	$20M	$25M	$17M	$18M	$19M	$14M	$13M
Income Before Tax	$466M	$522M	$282M	$696M	$254M	-$888M	$861M	$253M
Tax Expense	$111M	$115M	$69M	$182M	$64M	-$233M	$203M	$68M
Net Income	$355M	$407M	$213M	$515M	$190M	-$655M	$658M	$184M
Net Margin	40.6%	36.4%	16.3%	47.5%	14.7%	-42.7%	40.6%	13.6%
EPS (Diluted)	$1.00	$1.09	$0.56	$1.35	$0.49	$-1.69	$1.69	$0.47
EBITDA	$852M	$874M	$703M	$1.0B	$739M	$837M	$1.3B	$739M
Shares Outstanding	355M	374M	377M	381M	389M	387M	389M	390M

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