Pulse Seismic Inc. Reports Q3 2025 Financial Results and Declares Regular Quarterly Dividends

Executive Summary

• Pulse Seismic reported a strong first nine months of 2025, with revenue rising 85% year‑over‑year to $44.5 M and EBITDA increasing to $36.0 M.
• Net earnings for the nine‑month period surged to $21.4 M (up from $2.6 M in 2024), while shareholder free cash flow rose to $27.7 M.
• The Board declared a regular quarterly dividend of $0.0175 per share and a special dividend of $0.20 per share, totaling approximately $11.0 M for Q3 and $22.9 M for the nine‑month period.

Key Details

• Dividends
• Regular quarterly dividend: $0.0175 per common share (≈ $888 k total).
• Special dividend: $0.20 per common share (total Q3 special dividend ≈ $10.1 M).

• Total dividends declared for nine months: $22.9 M.

• Revenue

• Three‑month revenue (Q3 2025): $3.4 M vs. $2.7 M in Q3 2024.

• Nine‑month revenue (ended Sep 30 2025): $44.5 M vs. $17.8 M in same period 2024 (+85%).

• EBITDA

• Q3 2025: $0.744 M ($0.01 per share) vs. $1.064 M in Q3 2024.

• Nine‑month EBITDA: $36.0 M ($0.71 per share) vs. $11.7 M in 2024.

• Net Earnings / Loss

• Q3 2025 net loss: $1.5 M ($0.03 per share), similar to Q3 2024.

• Nine‑month net earnings: $21.4 M ($0.42 per share) vs. $2.6 M in 2024.

• Shareholder Free Cash Flow

• Q3 2025: $0.571 M ($0.01 per share).

• Nine‑month free cash flow: $27.7 M ($0.55 per share) vs. $10.0 M in 2024.

• Cash Position

• Cash balance as of Sep 30 2025: $16.1 M.

• Revolving demand credit facility availability: $5.0 M.

• Normal Course Issuer Bid (NCIB)

• Shares purchased/cancelled (nine months): 80,600 at avg. $2.43/share; total cost ≈ $197 k.

• Seismic Library Size

• 2D data: 829,207 km.

• 3D data: 65,310 km².

• Outlook Highlights

• Strong first nine months with robust cash generation and dividend returns.
• Revenue visibility remains low; future performance tied to Western Canadian land sales, drilling activity, commodity prices, and M&A dynamics.

Notable Quotes

(No direct quotes were provided in the release.)