Income Statement PetroTal Corp.

Equities

TAL

CA71677J1012

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 20:59:59 10/04/2026 BST			5-day change	1st Jan Change
0.4925 ^CAD	-3.43%		-8.80%	+27.92%

03-26	PetroTal Corp., Q4 2025 Earnings Call, Mar 26, 2026
03-26	EARNINGS: Henderson High Income ups payout; Strip Tinning loss narrows	AN

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Published financial data: PETROTAL CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	150M	327M	286M	334M	279M
Total Revenues	150M	327M	286M	334M	279M
Cost of Goods Sold, Total	45.27M	53.58M	47.41M	69.78M	88.42M
Gross Profit	105M	274M	239M	264M	190M
Selling General & Admin Expenses, Total	14.28M	19.89M	28.05M	36.29M	29.5M
Depreciation & Amortization - (IS)	21.63M	33.57M	39.8M	62.24M	82.96M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	-12.51M	-6.36M	13.47M	11.72M	10M
Other Operating Expenses, Total	23.41M	47.1M	81.32M	110M	122M
Operating Income	81.55M	226M	158M	154M	67.76M
Interest Expense, Total	-18.04M	-19.97M	-17.49M	-4.39M	-7M
Interest And Investment Income	732K	2.11M	3.54M	2.96M	-
Net Interest Expenses	-17.31M	-17.86M	-13.94M	-1.43M	-7M
Currency Exchange Gains (Loss)	-278K	-1.25M	323K	-743K	1.82M
Other Non Operating Income (Expenses)	-	-1.42M	-403K	-438K	-
EBT, Excl. Unusual Items	63.97M	206M	144M	151M	62.58M
EBT, Incl. Unusual Items	63.97M	206M	144M	151M	62.58M
Income Tax Expense	-4K	17.39M	33M	39.9M	18.39M
Earnings From Continuing Operations	63.97M	189M	111M	111M	44.19M
Net Income to Company	63.97M	189M	111M	111M	44.19M
Net Income - (IS)	63.97M	189M	111M	111M	44.19M
Net Income to Common Incl Extra Items	63.97M	189M	111M	111M	44.19M
Net Income to Common Excl. Extra Items	63.97M	189M	111M	111M	44.19M
Per Share Items
Net EPS - Basic	0.08	0.22	0.12	0.12	0.05
Basic EPS - Continuing Operations	0.08	0.22	0.12	0.12	0.05
Basic Weighted Average Shares Outstanding	819M	846M	900M	915M	915M
Net EPS - Diluted	0.07	0.21	0.12	0.12	0.05
Diluted EPS - Continuing Operations	0.07	0.21	0.12	0.12	0.05
Diluted Weighted Average Shares Outstanding	858M	907M	921M	936M	934M
Normalized Basic EPS	0.05	0.15	0.1	0.1	0.04
Normalized Diluted EPS	0.05	0.14	0.1	0.1	0.04
Dividend Per Share	-	-	0.06	0.06	0.45
Payout Ratio	-	-	50.28	54.26	93.58
Supplemental Items
EBITDA	103M	260M	197M	215M	148M
EBITA	82.08M	227M	159M	155M	69.91M
EBIT	81.55M	226M	158M	154M	67.76M
Total Revenues (As Reported)	150M	327M	286M	334M	279M
Effective Tax Rate - (Ratio)	-0.01	8.45	23	26.36	29.39
Total Current Taxes	-	501K	7.24M	11.38M	36.96M
Total Deferred Taxes	-	16.89M	25.77M	28.52M	-18.57M
Normalized Net Income	39.98M	129M	89.69M	94.6M	39.11M
Interest on Long-Term Debt	-	17.43M	17.49M	4.39M	4.56M
Supplemental Operating Expense Items
General and Administrative Expenses	4.9M	8.9M	28.05M	36.29M	29.5M
Stock-Based Comp., G&A Exp. (Total)	2.55M	4.09M	4.36M	3.15M	3.73M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	2.55M	4.09M	4.36M	3.15M	3.73M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	44.92M	104M	90.57M	103M	112M
Total Cash And Short Term Investments	44.92M	104M	90.57M	103M	112M
Accounts Receivable, Total	441K	106M	55.79M	65.48M	55.26M
Other Receivables	3.31M	12.18M	12.52M	23.38M	1.6M
Total Receivables	3.75M	118M	68.31M	88.86M	56.86M
Inventory	22.33M	13.77M	12.79M	13.57M	12.23M
Prepaid Expenses	797K	5.48M	1.3M	4.26M	1.4M
Restricted Cash	23.54M	9.63M	14.73M	5.74M	17.04M
Other Current Assets, Total	36.74M	12.09M	15.48M	10.95M	9.95M
Total Current Assets	132M	263M	203M	226M	210M
Gross Property Plant And Equipment	259M	319M	409M	547M	553M
Accumulated Depreciation	-1.2M	-	-	-	-
Net Property Plant And Equipment	258M	319M	409M	547M	553M
Accounts Receivable Long-Term	-	-	20.37M	19.28M	24.31M
Deferred Tax Assets Long-Term	629K	1.1M	13.04M	1.96M	1.08M
Other Long-Term Assets, Total	7.69M	19.4M	13.15M	15.64M	16.68M
Total Assets	398M	603M	658M	810M	805M
Liabilities
Accounts Payable, Total	55.02M	67.2M	25.04M	39.2M	19.5M
Accrued Expenses, Total	-	-	54.29M	55.75M	38.88M
Short-term Borrowings	-	-	-	10.05M	-
Current Portion of Long-Term Debt	24.5M	53.6M	-	-	11.41M
Current Portion of Leases	3.85M	2.57M	2.2M	10.43M	12.46M
Current Income Taxes Payable	-	-	-	19.74M	12.51M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.4M	-	-	-	-
Total Current Liabilities	84.77M	123M	81.53M	135M	94.76M
Long-Term Debt	73.7M	27.84M	-	-	31.63M
Long-Term Leases	13.81M	17.08M	26.66M	44.22M	43.27M
Deferred Tax Liability Non Current	40K	17.39M	55.11M	72.55M	53.09M
Other Non Current Liabilities	21.71M	17.88M	31.04M	47.02M	67.13M
Total Liabilities	194M	204M	194M	299M	290M
Common Stock, Total	127M	130M	141M	139M	138M
Additional Paid In Capital	3.22M	6.26M	9.85M	11.33M	14.09M
Retained Earnings	74.35M	263M	313M	361M	363M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	204M	399M	464M	512M	515M
Total Equity	204M	399M	464M	512M	515M
Total Liabilities And Equity	398M	603M	658M	810M	805M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	837M	884M	915M	917M	920M
ECS Total Common Shares Outstanding	828M	862M	912M	912M	913M
Book Value / Share	0.25	0.46	0.51	0.56	0.56
Tangible Book Value	204M	399M	464M	512M	515M
Tangible Book Value Per Share	0.25	0.46	0.51	0.56	0.56
Total Debt	116M	101M	28.87M	64.69M	98.76M
Net Debt	70.94M	-3.25M	-61.7M	-38.1M	-13.64M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	10.11M	11.38M	11.98M	10.89M	11.09M
Inventories - Finished Goods, Total	12.22M	2.39M	813K	2.68M	1.14M
Machinery, Total	-	-	-	-	-
Full Time Employees	89	-	-	-	234

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	63.97M	189M	111M	111M	44.19M
Depreciation & Amortization - CF	21.63M	33.57M	39.8M	62.24M	82.96M
Amortization of Goodwill and Intangible Assets - (CF)	530K	897K	994K	1.29M	2.15M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	22.16M	34.46M	40.8M	63.53M	85.12M
Stock-Based Compensation (CF)	2.36M	3.34M	4.34M	1.53M	3.73M
Other Operating Activities, Total	-1.78M	35.19M	45.22M	38.63M	-38.17M
Change In Accounts Receivable	-	-114M	26.67M	-13.52M	30.81M
Change In Inventories	-12.94M	6.24M	497K	-302K	1.06M
Change In Accounts Payable	-13.42M	12.68M	9.44M	10.25M	4.01M
Change In Income Taxes	-	-	-	18.59M	35.93M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	17.1M	5.89M	1.99M	602K	-2.41M
Cash from Operations	77.46M	172M	239M	231M	164M
Capital Expenditure	-82.19M	-94.2M	-108M	-165M	-75.64M
Other Investing Activities, Total	6M	-531K	2.7M	-1.79M	-40.31M
Cash from Investing	-76.19M	-94.73M	-106M	-166M	-116M
Short Term Debt Issued, Total	-	-	-	10M	50M
Long-Term Debt Issued, Total	90.9M	-	20M	-	-
Total Debt Issued	90.9M	-	20M	10M	50M
Long-Term Debt Repaid, Total	-5.55M	-23.97M	-104M	-5.82M	-26.34M
Total Debt Repaid	-5.55M	-23.97M	-104M	-5.82M	-26.34M
Issuance of Common Stock	1.39M	3.5M	12.32M	-	-
Repurchase of Common Stock	-	-	-6.23M	-4.89M	-2.54M
Common Dividends Paid	-	-	-55.57M	-60.47M	-41.35M
Common & Preferred Stock Dividends Paid	-	-	-55.57M	-60.47M	-41.35M
Other Financing Activities, Total	-22.63M	-11.3M	-8.43M	-34K	-3.5M
Cash from Financing	64.12M	-31.77M	-142M	-61.22M	-23.72M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-29.54M	13.91M	-5.1M	8.99M	-14.98M
Net Change in Cash	35.84M	59.42M	-13.77M	12.22M	9.62M
Supplemental Items
Cash Interest Paid	6M	11.3M	8.43M	34K	2.57M
Cash Income Tax Paid (Refund)	-	3.45M	1.24M	150K	37.24M
Levered Free Cash Flow	-78.87M	12.54M	82.55M	20.24M	33.27M
Unlevered Free Cash Flow	-67.6M	25.02M	93.47M	22.99M	37.65M
Change In Net Working Capital	61.08M	60.85M	-58.31M	-24.61M	17.91M
Net Debt Issued / Repaid	85.35M	-23.97M	-84.46M	4.18M	23.66M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	16.62	28.27	15.61	13.1	5.26
Return on Total Capital	22.15	34.5	19.83	18	7.12
Return On Equity %	37.47	62.47	25.6	22.85	8.61
Return on Common Equity	37.47	62.47	25.6	22.85	8.61
Margin Analysis
Gross Profit Margin %	69.87	83.62	83.44	79.11	68.27
SG&A Margin	9.51	6.08	9.8	10.87	10.59
EBITDA Margin %	68.24	79.39	68.82	64.38	53.05
EBITA Margin %	54.64	69.5	55.38	46.48	25.09
EBIT Margin %	54.29	69.22	55.03	46.1	24.32
Income From Continuing Operations Margin %	42.58	57.63	38.6	33.37	15.86
Net Income Margin %	42.58	57.63	38.6	33.37	15.86
Net Avail. For Common Margin %	42.58	57.63	38.6	33.37	15.86
Normalized Net Income Margin	26.61	39.34	31.33	28.32	14.04
Levered Free Cash Flow Margin	-52.5	3.83	28.84	6.06	11.94
Unlevered Free Cash Flow Margin	-45	7.65	32.65	6.88	13.51
Asset Turnover
Asset Turnover	0.49	0.65	0.45	0.45	0.35
Fixed Assets Turnover	0.7	1.13	0.79	0.7	0.51
Receivables Turnover (Average Receivables)	191.86	6.17	3.55	5.51	3.88
Inventory Turnover (Average Inventory)	3.02	2.97	3.57	5.29	6.85
Short Term Liquidity
Current Ratio	1.56	2.13	2.49	1.67	2.21
Quick Ratio	0.57	1.8	1.95	1.42	1.79
Operating Cash Flow to Current Liabilities	0.91	1.39	2.94	1.71	1.73
Days Sales Outstanding (Average Receivables)	1.9	59.19	102.92	66.44	94.15
Days Outstanding Inventory (Average Inventory)	120.9	122.99	102.26	69.13	53.26
Average Days Payable Outstanding	317.72	495.44	224.9	166.6	123.02
Cash Conversion Cycle (Average Days)	-194.92	-313.27	-19.71	-31.02	24.39
Long Term Solvency
Total Debt/Equity	56.72	25.31	6.22	12.65	19.17
Total Debt / Total Capital	36.19	20.2	5.86	11.23	16.08
LT Debt/Equity	42.84	11.25	5.75	8.64	14.54
Long-Term Debt / Total Capital	27.34	8.98	5.41	7.67	12.2
Total Liabilities / Total Assets	48.72	33.76	29.52	36.89	36
EBIT / Interest Expense	4.52	11.34	9.01	35.06	9.68
EBITDA / Interest Expense	5.75	13.07	11.34	49.53	21.84
(EBITDA - Capex) / Interest Expense	1.19	8.35	5.14	12.06	11.04
Total Debt / EBITDA	1.12	0.39	0.15	0.3	0.65
Net Debt / EBITDA	0.68	-0.01	-0.31	-0.18	-0.09
Total Debt / (EBITDA - Capex)	5.38	0.61	0.32	1.22	1.28
Net Debt / (EBITDA - Capex)	3.3	-0.02	-0.69	-0.72	-0.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	155.21	117.75	-12.49	16.67	-16.57
Gross Profit, 1 Yr. Growth %	263.42	160.61	-12.68	10.61	-28
EBITDA, 1 Yr. Growth %	658.92	153.32	-24.14	9.15	-31.66
EBITA, 1 Yr. Growth %	15.42K	176.95	-30.27	-2.07	-55.34
EBIT, 1 Yr. Growth %	-816K	177.65	-30.43	-2.27	-56.35
Earnings From Cont. Operations, 1 Yr. Growth %	-4.3K	194.7	-41.39	0.86	-60.35
Net Income, 1 Yr. Growth %	-4.3K	194.7	-41.39	0.86	-60.35
Normalized Net Income, 1 Yr. Growth %	-4.51K	221.91	-30.31	5.47	-58.65
Diluted EPS Before Extra, 1 Yr. Growth %	-3.54K	200	-42.86	0	-59.74
Accounts Receivable, 1 Yr. Growth %	-60.8	23.86K	-47.19	17.35	-37.56
Inventory, 1 Yr. Growth %	191.69	-38.33	-7.12	6.08	-9.85
Net Property, Plant and Equip., 1 Yr. Growth %	47.87	23.8	27.97	34	1.05
Total Assets, 1 Yr. Growth %	85.13	51.37	9.19	23.12	0.08
Tangible Book Value, 1 Yr. Growth %	48.92	95.5	16.18	10.25	0.73
Common Equity, 1 Yr. Growth %	48.92	95.5	16.18	10.25	0.73
Cash From Operations, 1 Yr. Growth %	480.59	122.09	39.2	-3.63	-28.81
Capital Expenditures, 1 Yr. Growth %	94.32	14.61	15.13	51.7	-54.03
Levered Free Cash Flow, 1 Yr. Growth %	153.77	-116.25	558.05	-75.47	52.46
Unlevered Free Cash Flow, 1 Yr. Growth %	124.19	-137.02	273.53	-75.41	58.21
Dividend Per Share, 1 Yr. Growth %	-	-	-	8.33	592.31
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	42.84	135.74	38.04	1.05	-1.34
Gross Profit, 2 Yr. CAGR %	58.62	207.75	50.85	-1.72	-10.76
EBITDA, 2 Yr. CAGR %	83.15	338.46	38.62	-9.01	-13.37
EBITA, 2 Yr. CAGR %	94.99	1.97K	38.97	-17.36	-33.59
EBIT, 2 Yr. CAGR %	96.27	14.95K	38.98	-17.54	-34.42
Earnings From Cont. Operations, 2 Yr. CAGR %	78.17	1.01K	31.43	-23.11	-36.77
Net Income, 2 Yr. CAGR %	78.17	1.01K	31.43	-23.11	-36.77
Normalized Net Income, 2 Yr. CAGR %	77.79	1.09K	49.78	-14.27	-33.97
Diluted EPS Before Extra, 2 Yr. CAGR %	52.75	916.59	30.93	-24.41	-36.55
Accounts Receivable, 2 Yr. CAGR %	-76.31	869.06	1.02K	-21.28	-0.48
Inventory, 2 Yr. CAGR %	130.67	34.13	-24.32	-0.74	-2.21
Net Property, Plant and Equip., 2 Yr. CAGR %	34.38	35.3	25.87	30.95	16.36
Total Assets, 2 Yr. CAGR %	43.22	67.4	28.56	15.94	10.59
Tangible Book Value, 2 Yr. CAGR %	29.9	70.63	50.71	13.18	5.39
Common Equity, 2 Yr. CAGR %	29.9	70.63	50.71	13.18	5.39
Cash From Operations, 2 Yr. CAGR %	22.91	259.08	75.83	15.82	-17.18
Capital Expenditures, 2 Yr. CAGR %	-3.77	49.24	14.87	32.16	-16.49
Levered Free Cash Flow, 2 Yr. CAGR %	54.26	-36.47	3.4	27.04	-36.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	43.89	-8.9	17.59	-4.15	-36.54
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	173.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	146.79	64.39	69.42	30.52	-5.2
Gross Profit, 3 Yr. CAGR %	174.11	87.17	102.23	36.03	-11.4
EBITDA, 3 Yr. CAGR %	234.3	104.06	144.32	28.01	-17.12
EBITA, 3 Yr. CAGR %	169.62	119.19	569.19	23.67	-32.5
EBIT, 3 Yr. CAGR %	156.97	120.33	2.41K	23.59	-33.11
Earnings From Cont. Operations, 3 Yr. CAGR %	140.11	110.71	317	20.33	-38.34
Net Income, 3 Yr. CAGR %	140.11	110.71	317	20.33	-38.34
Normalized Net Income, 3 Yr. CAGR %	127.78	116.69	362.67	33.25	-32.77
Diluted EPS Before Extra, 3 Yr. CAGR %	91.29	91.29	289.42	19.68	-38.73
Accounts Receivable, 3 Yr. CAGR %	-37.35	137.81	267.4	429.52	-19.43
Inventory, 3 Yr. CAGR %	400.61	48.6	18.66	-15.3	-3.88
Net Property, Plant and Equip., 3 Yr. CAGR %	65.65	30.76	32.81	28.52	20.11
Total Assets, 3 Yr. CAGR %	60.63	45.88	45.18	26.72	10.12
Tangible Book Value, 3 Yr. CAGR %	38.12	48.86	50.11	35.8	8.87
Common Equity, 3 Yr. CAGR %	38.12	48.86	50.11	35.8	8.87
Cash From Operations, 3 Yr. CAGR %	1.27K	49.7	161.83	43.89	-1.53
Capital Expenditures, 3 Yr. CAGR %	52.43	2	36.87	26.03	-7.06
Levered Free Cash Flow, 3 Yr. CAGR %	46.48	-27.67	38.49	-35.99	38.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.14	-8.48	45.81	-30.2	14.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	95.62	35.31	36.47
Gross Profit, 5 Yr. CAGR %	-	-	115.86	44.65	45.79
EBITDA, 5 Yr. CAGR %	-	211.53	135.08	47.73	61.38
EBITA, 5 Yr. CAGR %	148.44	203.21	106.83	48.38	165.6
EBIT, 5 Yr. CAGR %	148.12	201.29	100.96	48.71	483.71
Earnings From Cont. Operations, 5 Yr. CAGR %	136.36	132.85	88.68	40.78	96.09
Net Income, 5 Yr. CAGR %	136.36	132.85	88.68	40.78	96.09
Normalized Net Income, 5 Yr. CAGR %	136.35	137	92.61	49.54	112.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-47.38	9.28	64.38	31.95	88.46
Accounts Receivable, 5 Yr. CAGR %	-	-	98.88	52.82	117.9
Inventory, 5 Yr. CAGR %	-	115.7	135.13	26.45	9.83
Net Property, Plant and Equip., 5 Yr. CAGR %	-	52.52	48.42	30.83	25.97
Total Assets, 5 Yr. CAGR %	295.89	43.59	46.94	33.08	30.21
Tangible Book Value, 5 Yr. CAGR %	286.31	37.23	43.02	33.41	30.3
Common Equity, 5 Yr. CAGR %	286.31	37.23	43.02	33.41	30.3
Cash From Operations, 5 Yr. CAGR %	147.37	175.34	503.15	35.1	65.22
Capital Expenditures, 5 Yr. CAGR %	-	260.84	36.12	13.14	12.33
Levered Free Cash Flow, 5 Yr. CAGR %	-	81.92	26.89	-9.39	1.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	108.87	30.09	-6.77	4.54
Dividend Per Share, 5 Yr. CAGR %	-	-	-	118.3	-