From GlobeNewswire: 2025-02-13 23:14:10

Pulse Seismic Inc. (TSX:PSD) reports financial results for 2024, with dividends totaling $10.9 million, to be paid on March 13, 2025, to shareholders of record on February 28, 2025. The Company’s 2024 financial performance included $17.5 million in sales and a special dividend of $0.20 per share. In 2024, 76% of free cashflow was allocated to dividends and share buybacks. The Company has a cash balance of $8.7 million and $5.0 million of available liquidity at the end of 2024.

For the three months ended December 31, 2024, Pulse paid a regular quarterly dividend of $0.015 per share and purchased 97,700 shares under the NCIB. Shareholder free cash flow was $2.4 million, EBITDA was $3.8 million, net earnings were $774,000, and total revenue was $5.6 million.

Pulse’s outlook for 2025 is affected by factors such as M & A activity, land sales in Alberta, and the completion of the TMX pipeline expansion. Despite challenges, the Company remains focused on returning capital to shareholders through dividends and share buybacks. Pulse is a market leader in seismic data acquisition, marketing, and licensing in western Canada, with a strong balance sheet and disciplined approach to growth opportunities. The Company’s financial measures include EBITDA, shareholder free cash flow, and a strong emphasis on capital allocation and dividend policy.



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