Pulse Seismic Inc. (TSX:PSD) reported financial results for the three and six months ended June 30, 2025. The Company declared a regular quarterly dividend of $0.0175 per common share and a special dividend of $0.20 per common share, totaling approximately $11.0 million. Revenue for the first half of 2025 was $41.1 million, with an EBITDA margin of 86% and $27.2 million of shareholder free cash flow.

The Company renewed its Normal Course Issuer Bid (NCIB) and purchased 80,600 shares at an average price of $2.43 per share. Total revenue for the three months ended June 30, 2025, was $18.3 million, compared to $6.3 million in 2024. Shareholder free cash flow was $11.7 million for the quarter, and EBITDA was $15.2 million.

Net earnings for the three months ended June 30, 2025, were $9.6 million. Pulse had a cash balance of $25.9 million and $5.0 million of available liquidity on its revolving demand credit facility as of June 30, 2025. The Company continues to focus on returns to shareholders, with an industry-leading seismic data library vital for E&P companies.

Pulse’s financial results have positioned the Company for solid performance in 2025. Revenue of $41.1 million in the first half of the year, combined with a strong balance sheet, has enabled capital returns to shareholders. Industry trends, including M&A activity, oil prices, and drilling forecasts, will impact Pulse’s performance for the remainder of 2025.

Despite market uncertainty, Pulse remains focused on its business practices. The Company, debt-free with a strong balance sheet, emphasizes excellent client relations and customer service. Pulse’s financial strength, high revenue leverage, and cash management continue to support the return of capital to shareholders through dividends.

Pulse Seismic Inc. is a market leader in seismic data acquisition, marketing, and licensing in western Canada’s energy sector. The Company owns the largest seismic data library in Canada, covering approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. Pulse’s operations focus on the Western Canada Sedimentary Basin, a key area for oil and gas exploration and development.

Read more at GlobeNewswire: Pulse Seismic Inc. Reports Strong Q2 2025 Financial Results