SEDAR Interim Financial Statements

[
  {
    "companyName": "ORBIT GARANT DRILLING INC.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 1958,
      "tradeAndOtherReceivables": 28465,
      "inventories": 52331,
      "incomeTaxesReceivable": 780,
      "prepaidExpenses": 417,
      "currentPortionOfLongTermReceivable": 1839,
      "currentPortionOfNetInvestmentInFinanceLeases": 36,
      "totalCurrentAssets": 85826,
      "investments": 1264,
      "longTermReceivable": 0,
      "netInvestmentInFinanceLeases": 0,
      "propertyPlantAndEquipment": 38304,
      "rightOfUseAssets": 7299,
      "intangibleAssets": 479,
      "deferredTaxAssets": 3188,
      "totalNonCurrentAssets": 50534,
      "totalAssets": 136360,
      "tradeAndOtherPayables": 29905,
      "incomeTaxesPayable": 901,
      "currentPortionOfLongTermDebt": 1196,
      "currentPortionOfLeaseLiabilities": 2326,
      "totalCurrentLiabilities": 34328,
      "longTermDebt": 26494,
      "leaseLiabilities": 4635,
      "totalNonCurrentLiabilities": 31129,
      "totalLiabilities": 65457,
      "shareCapital": 59702,
      "equitySettledReserve": 1001,
      "retainedEarnings": 12001,
      "accumulatedOtherComprehensiveLoss": -1801,
      "equityAttributableToShareholders": 70903,
      "totalLiabilitiesAndEquity": 136360,
      "cashPerShare": 0.0518,
      "workingCapitalPerShare": 1.3623
    },
    "incomeStatement": {
      "contractRevenue": 95980,
      "costOfContractRevenue": 82509,
      "grossProfit": 12135,
      "generalAndAdministrativeExpenses": 8914,
      "foreignExchangeGainLoss": -204,
      "financeCosts": 1198,
      "interestRevenueOnLongTermReceivableNetOfExpectedCreditLoss": -854,
      "earningsBeforeIncomeTaxes": 2430,
      "incomeTaxExpense": 802,
      "netEarnings": 1628,
      "netEarningsPerShareBasic": 0.04,
      "netEarningsPerShareDiluted": 0.04,
      "weightedAverageSharesOutstanding": 37799312
    },
    "cashFlowStatement": {
      "earningsBeforeIncomeTaxes": 2430,
      "depreciationOfPropertyPlantAndEquipment": 4434,
      "depreciationOfRightOfUseAssets": 814,
      "amortizationOfIntangibleAssets": 66,
      "gainOnDisposalOfPropertyPlantAndEquipment": -100,
      "shareBasedCompensation": 125,
      "financeCosts": 1198,
      "interestRevenueOnLongTermReceivableNetOfExpectedCreditLoss": -854,
      "netChangeInFairValueOfInvestments": 44,
      "itemsNotAffectingCash": 8720,
      "changesInNonCashOperatingWorkingCapitalItems": -2502,
      "incomeTaxesPaid": -542,
      "financeCostsPaid": -1141,
      "cashFromOperatingActivities": 4535,
      "collectionOfLongTermReceivable": 212,
      "collectionOfNetInvestmentInFinanceLeases": 26,
      "acquisitionOfPropertyPlantAndEquipment": -6723,
      "proceedsFromDisposalOfPropertyPlantAndEquipment": 203,
      "acquisitionOfIntangibleAssets": -101,
      "cashUsedInInvestingActivities": -6383,
      "proceedsFromFactoring": 5648,
      "repaymentOnFactoring": -5648,
      "proceedsFromLongTermDebt": 62836,
      "repaymentOfLongTermDebt": -61428,
      "repaymentOfLeaseLiabilities": -969,
      "financingFeesPaid": -157,
      "proceedsFromStockOptionsExercised": 360,
      "repurchaseOfCommonShares": -182,
      "cashFromFinancingActivities": 460,
      "effectOfExchangeRateChangesOnCashAndCashEquivalents": -142,
      "increaseDecreaseInCashAndCashEquivalents": -1530,
      "cashAndCashEquivalentsBeginningOfPeriod": 3488,
      "cashAndCashEquivalentsEndOfPeriod": 1958
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investments in public companies",
        "description": "Investments measured at fair value through profit or loss",
        "ownershipPercentage": null,
        "value": 1264,
        "notes": "Level 1 financial instrument, fair value determined using quoted prices in active markets."
      },
      {
        "type": "Long-term receivable",
        "description": "Receivable with interest revenue and expected credit loss allowance",
        "ownershipPercentage": null,
        "value": 1839,
        "notes": "Carrying value before expected credit loss is $3,704; allowance for expected credit loss is $1,865. Past due amount is $1,371 including interest."
      },
      {
        "type": "Investment in associate",
        "description": "Investment in Sarliaq-Orbit Garant Inc.",
        "ownershipPercentage": 49,
        "value": null,
        "notes": "Totaled nil in the statements of financial position as at December 31, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited number of common and preferred shares",
      "issuedShares": 37880389,
      "classesOfShares": [
        "Common shares, participating and voting, without nominal or par value",
        "Preferred shares (rights, privileges, restrictions and conditions to be adopted before issuance)"
      ],
      "warrants": [],
      "options": [
        {
          "number": 2164000,
          "exercisePrice": 0.85,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "3MonthsEndedDec312025": {
          "salariesAndFees": 336,
          "shareBasedCompensation": 50,
          "total": 386
        },
        "6MonthsEndedDec312025": {
          "salariesAndFees": 654,
          "shareBasedCompensation": 94,
          "total": 748
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Sarliaq-Orbit Garant Inc.",
          "description": "Revenues and expenses in normal course of business",
          "amount": 85,
          "period": "6 months ended December 31, 2025"
        },
        {
          "counterparty": "Dynamitage Castonguay Ltd.",
          "description": "Repayments of a lease liability",
          "amount": 66,
          "period": "6 months ended December 31, 2025"
        },
        {
          "counterparty": "Associate companies and persons related to directors",
          "description": "Revenues and expenses in normal course of business",
          "amount": 17870,
          "period": "6 months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]