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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

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

By The Northwire Desk — AI Analysis Feb 24, 2026 · 19:05 PSD · 3.84 PULSE SEISMIC INC.
PSD · Price

Executive Summary

  • Pulse Seismic reported FY 2025 revenue of $51.1 M (up 118% YoY) and net earnings of $23.1 M, reflecting strong growth in traditional and transaction‑based sales.
  • The Board declared a quarterly dividend of $0.0175 per share and a special dividend of $0.10 per share – total cash outlay ≈ $6.0 M payable 26 Mar 2026.
  • Shareholder free cash flow reached $31.6 M for the year, enabling $24 M of capital returns (dividends + NCIB repurchases) and leaving a strong balance sheet with $19.7 M cash.

Key Details

  • Dividends – Quarterly dividend $0.0175/share; special dividend $0.10/share; total ≈ $6.0 M based on 50,714,857 shares outstanding. Payable 26 Mar 2026 (record date 19 Mar 2026).
  • Financial Highlights FY 2025
  • Revenue: $51.1 M (vs. $23.4 M in 2024)
  • EBITDA: $40.8 M ($0.80/share) vs. $15.5 M in 2024
  • Net earnings: $23.1 M ($0.46/share) vs. $3.4 M in 2024
  • Shareholder free cash flow: $31.6 M ($0.62/share) vs. $12.4 M in 2024
  • Cash & equivalents at year‑end: $19.7 M (up from $8.7 M)
  • Quarterly Highlights Q4 2025
  • Revenue: $6.6 M (vs. $5.6 M Q4 2024)
  • EBITDA: $4.8 M ($0.09/share) vs. $3.8 M Q4 2024
  • Net earnings: $1.7 M ($0.03/share) vs. $0.774 M Q4 2024
  • Free cash flow: $3.9 M ($0.08/share) vs. $2.4 M Q4 2024
  • Normal Course Issuer Bid (NCIB) – 120,800 shares repurchased in FY 2025 at avg. $2.56/share (cost ≈ $309k); 40,200 shares repurchased in Q4 2025 at avg. $2.78/share (cost ≈ $112k).
  • Capital Structure – No debt; working capital $16.8 M; working‑capital ratio 4.9:1.
  • Outlook Commentary – Management highlighted volatility in seismic data sales, industry drilling forecasts, commodity price trends, and upcoming infrastructure (TMX pipeline, LNG Canada). No specific guidance provided due to low visibility of future revenue.

Notable Quotes

“Seventy‑five percent of shareholder free cash flow was returned to shareholders as dividends during the year… Pulse’s seismic data library assets are a valuable risk mitigation tool to the energy industry.” – Neal Coleman, President & CEO

All non‑material boilerplate, forward‑looking disclaimer text and corporate profile have been omitted for brevity.

Read the original news release →

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Earnings