N 
13.52
+3.05%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$1.28bn
FY2016FY2025
Net income
C$33.8m
FY2016FY2025
Free cash flow
−C$26.6m
FY2016FY2025
Shareholders' equity
C$456.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.28bn | C$1.17bn | C$957.2m | C$769.5m | C$654.1m | C$500.4m | C$719.1m | C$410.1m | C$292.6m | C$213.2m |
| Gross profit | C$160.3m | C$210.0m | C$154.2m | C$101.5m | C$90.4m | C$94.4m | C$96.4m | C$69.1m | C$39.6m | C$32.3m |
| Operating income | C$110.0m | C$116.4m | C$95.7m | C$107.9m | C$75.9m | C$68.9m | C$58.8m | C$30.0m | C$13.6m | C$3.9m |
| Net income | C$33.8m | C$44.1m | C$63.1m | C$67.4m | C$51.4m | C$49.2m | C$36.9m | C$15.3m | C$5.3m | −C$445,000 |
| Diluted earnings per share | 1.20 | 1.33 | 1.91 | 2.02 | 1.46 | 1.52 | 1.11 | 0.58 | 0.19 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$1.82bn | C$1.69bn | C$1.55bn | C$979.5m | C$869.3m | C$838.9m | C$792.7m | C$689.8m | C$383.6m | C$350.1m |
| Cash and short-term investments | C$100.1m | C$77.9m | C$88.6m | C$69.1m | C$16.6m | C$43.9m | C$5.5m | C$19.5m | C$8.2m | C$13.7m |
| Total liabilities | C$1.36bn | C$1.31bn | C$1.19bn | C$673.6m | C$590.8m | C$590.5m | C$612.5m | C$539.6m | C$237.7m | C$191.1m |
| Debt | C$913.4m | C$803.6m | C$692.6m | C$420.5m | C$380.4m | C$427.1m | C$408.2m | C$382.5m | C$137.0m | C$100.8m |
| Shareholders' equity | C$456.6m | C$388.9m | C$356.7m | C$305.9m | C$278.5m | C$248.4m | C$180.1m | C$149.7m | C$145.9m | C$159.0m |
| Shares outstanding | 28m | 33m | 33m | 33m | 35m | 32m | 33m | 27m | 27m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$254.5m | C$217.6m | C$278.1m | C$169.2m | C$165.2m | C$147.3m | C$157.9m | C$109.4m | C$49.7m | C$39.8m |
| Capital spending | −C$281.1m | −C$284.3m | −C$203.5m | −C$115.3m | −C$113.8m | −C$117.6m | −C$157.4m | −C$81.5m | −C$53.9m | −C$27.4m |
| Free cash flow | −C$26.6m | −C$66.7m | C$74.6m | C$53.9m | C$51.4m | C$29.7m | C$496,000 | C$27.9m | −C$4.1m | C$12.5m |
| Dividends paid | −C$13.4m | −C$10.6m | −C$10.0m | −C$7.8m | −C$4.4m | −C$4.4m | −C$2.5m | −C$2.0m | −C$2.2m | −C$1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$401.0m | C$319.2m | C$305.6m | C$317.2m | C$320.6m | C$340.8m | C$305.6m | C$286.9m |
| Gross profit | C$42.2m | C$42.3m | C$38.3m | C$49.7m | C$35.8m | C$37.9m | C$42.0m | C$65.1m |
| Operating income | C$21.9m | C$26.5m | C$22.5m | C$35.7m | C$22.8m | C$30.6m | C$18.8m | C$53.8m |
| Net income | C$9.4m | C$5.6m | C$125,000 | C$17.3m | C$10.3m | C$6.2m | C$4.8m | C$13.9m |
| Diluted earnings per share | 0.34 | 0.20 | 0.00 | 0.61 | 0.36 | 0.22 | 0.15 | 0.42 |
| Cash from operations | C$86.0m | C$29.0m | C$53.0m | C$91.0m | C$64.0m | C$51.0m | C$98.0m | C$48.0m |
| Capital spending | −C$93.0m | −C$48.0m | −C$47.0m | −C$66.0m | −C$75.0m | −C$93.0m | −C$76.0m | −C$64.0m |
| Free cash flow | −C$7.0m | −C$19.0m | C$6.0m | C$25.0m | −C$11.0m | −C$42.0m | C$22.0m | −C$16.0m |
| Total assets | C$2.25bn | C$1.88bn | C$1.82bn | C$1.34bn | C$1.83bn | C$1.79bn | C$1.69bn | C$1.69bn |
| Cash and short-term investments | C$167.7m | C$121.1m | C$100.1m | C$73.0m | C$79.0m | C$78.2m | C$77.9m | C$77.7m |
| Debt | C$140.7m | C$950.3m | C$913.4m | C$859.1m | C$874.1m | C$815.4m | C$813.7m | C$819.8m |
| Shareholders' equity | C$480.2m | C$474.0m | C$456.6m | C$338.2m | C$460.2m | C$461.9m | C$388.9m | C$391.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.6% | 20.7% | 16.4% |
| Operating income | 0.6% | 9.8% | 44.2% |
| Net income | -20.5% | -7.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.1% | 15.0% | 15.2% | 14.9% |
| Operating margin | 9.2% | 10.3% | 10.8% | 9.4% |
| Net margin | 3.2% | 5.0% | 5.8% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.5 | 23.2 | 14.5 | 8.9 | 13.1 | 8.2 | 14.2 | 21.1 | 32.5 | -289.3 |
| Price to sales | 0.4 | 0.9 | 0.9 | 0.8 | 1.0 | 0.8 | 0.7 | 0.8 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 28 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.36 | 0.48 | 0.42 | 0.40 | 0.32 | 0.16 | 0.16 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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