SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "SOURCE ENERGY SERVICES LTD.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cash": 30395,
      "accountsReceivable": 51798,
      "prepaidExpenses": 5993,
      "inventories": 92811,
      "currentPortionOfLeaseReceivable": 1542,
      "totalCurrentAssets": 182539,
      "deferredIncomeTaxAssets": 15677,
      "depositsAndRestrictedCash": 3370,
      "deferredFinanceCosts": 354,
      "propertyPlantAndEquipment": 296689,
      "rightOfUseAssets": 97616,
      "leaseReceivable": 1649,
      "totalAssets": 597894,
      "accountsPayableAndAccruals": 76870,
      "currentPortionOfContractLiabilities": 2642,
      "currentPortionOfLeaseLiabilities": 26889,
      "currentPortionOfLongTermDebt": 14727,
      "currentIncomeTaxLiabilities": 5771,
      "currentPortionOfDecommissioningProvision": 1514,
      "totalCurrentLiabilities": 128413,
      "leaseLiabilities": 77370,
      "longTermDebt": 166292,
      "contractLiabilities": 1608,
      "deferredIncomeTaxLiabilities": 4745,
      "decommissioningProvision": 9121,
      "totalLiabilities": 387549,
      "commonShareCapital": 405633,
      "contributedSurplus": 2459,
      "accumulatedDeficit": -213991,
      "accumulatedOtherComprehensiveIncome": 16244,
      "totalShareholdersEquity": 210345,
      "totalLiabilitiesAndEquity": 597894,
      "cashPerShare": 2.2653,
      "workingCapitalPerShare": 4.0340
    },
    "incomeStatement": {
      "sandRevenue": 424640,
      "wellSiteSolutionsRevenue": 107585,
      "terminalServicesRevenue": 3547,
      "totalSales": 535772,
      "costOfSales": 410665,
      "costOfSalesDepreciation": 31951,
      "grossMargin": 93156,
      "operatingExpense": 23459,
      "generalAndAdministrativeExpense": 12982,
      "depreciation": 16616,
      "incomeFromOperations": 40099,
      "financeExpense": 20609,
      "shareBasedCompensationExpenseRecovery": -3557,
      "lossGainOnAssetDisposal": 983,
      "gainOnSaharaFinanceLease": -1992,
      "otherIncome": -737,
      "otherExpenseRecovery": -12037,
      "lossOnSublease": 13,
      "gainLossOnDebtModificationAndExtinguishment": -694,
      "unrealizedForeignExchangeLossGain": -4666,
      "foreignExchangeGainLoss": 144,
      "totalOtherExpense": 58,
      "lossIncomeBeforeIncomeTaxes": 40041,
      "currentTaxExpense": 6437,
      "deferredTaxIncomeExpense": 2654,
      "totalIncomeTaxes": 9091,
      "netLossIncome": 30950,
      "foreignCurrencyTranslationAdjustment": -5473,
      "comprehensiveLossIncome": 25477,
      "basicEarningsPerShare": 2.31,
      "dilutedEarningsPerShare": 2.31,
      "weightedAverageSharesOutstanding": 13417778
    },
    "cashFlowStatement": {
      "netLossIncome": 30950,
      "depreciation": 48567,
      "shareBasedCompensationExpenseRecovery": -3557,
      "lossGainOnAssetDisposal": 983,
      "financeExpense": 20609,
      "gainOnSaharaFinanceLease": -1992,
      "gainLossOnDebtModificationAndExtinguishment": -694,
      "incomeTaxRecoveryExpense": 9091,
      "lossOnSublease": 13,
      "foreignExchangeLossGain": -5398,
      "satisfactionOfPerformanceObligationsOnContractLiabilities": -9555,
      "incomeTaxesPaid": -5715,
      "paymentsForShareBasedCompensation": -9632,
      "paymentsMadeForDecommissioningProvision": -1191,
      "netChangesInNonCashWorkingCapital": 23077,
      "cashFlowsProvidedByOperatingActivities": 97548,
      "capitalExpenditures": -47908,
      "assetAcquisition": -1682,
      "proceedsOnDisposalOfPropertyPlantAndEquipmentAndReimbursementOfCapitalCosts": 1548,
      "netChangesInNonCashWorkingCapitalInvesting": -942,
      "cashFlowsUsedInInvestingActivities": -47302,
      "proceedsOnLongTermDebt": 12355,
      "repaymentsOnLongTermDebt": -19926,
      "repurchaseAndCancellationOfSharesUnderNCIB": -4999,
      "paymentOfLeaseObligations": -19427,
      "financingExpensePaid": -20016,
      "cashFlowsUsedInFinancingActivities": -52013,
      "decreaseIncreaseInCash": -1767,
      "effectOfForeignExchangeDifferences": -555,
      "cashBeginningOfPeriod": 32717,
      "cashEndOfPeriod": 30395
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Property",
        "description": "Mine preparation costs",
        "ownershipPercentage": 100,
        "value": 6775,
        "notes": "Carrying amount as of September 30, 2025, part of Property, Plant and Equipment"
      },
      {
        "type": "Finance Lease",
        "description": "Lease receivable for Sahara units",
        "ownershipPercentage": 100,
        "value": 3191,
        "notes": "Two Sahara units constructed for and leased to customers, with purchase option at end of term"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 13152155,
      "classesOfShares": ["common"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedSep302025": {
          "salary": 11572,
          "shareBased": 321,
          "bonus": null,
          "total": 11893
        },
        "nineMonthsEndedSep302025": {
          "salary": 37608,
          "shareBased": -3557,
          "bonus": null,
          "total": 34051
        },
        "threeMonthsEndedSep302024": {
          "salary": 11115,
          "shareBased": 1016,
          "bonus": null,
          "total": 12131
        },
        "nineMonthsEndedSep302024": {
          "salary": 35223,
          "shareBased": 9325,
          "bonus": null,
          "total": 44548
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-06",
        "description": "Amended Normal Course Issuer Bid (NCIB) to increase maximum number of shares that may be repurchased to 1,189,458 common shares or $15,600, and revised the Automated Share Purchase Plan (ASPP).",
        "impactValue": null
      }
    ]
  }
]