Business
Maxim Power Corp. Announces 2025 Second Quarter Financial and Operating Results
CALGARY, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporatio...
About this update from Maxim Power Corp.
[{"type":"text","content":"Maxim Power Corp. Announces 2025 Second Quarter Financial and Operating Results\n\n\n\n CALGARY, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. (\"MAXIM\" or the \"Corporation\") (TSX: MXG) announced today the release of financial and operating results for the second quarter ended June 30, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM's website on August 7, 2025. All figures reported herein are Canadian dollars unless otherwise stated.\n \n\n\n FINANCIAL HIGHLIGHTS\n \n\n\n\n\n\n\n\n Three Months Ended\n \n\n\n June 30,\n \n\n\n\n Six Months Ended\n \n\n\n June 30,\n \n\n\n\n\n\n ($ in thousands except per share amounts)\n \n\n\n\n 2025\n \n\n\n\n 2024\n \n\n\n\n 2025\n \n\n\n\n 2024\n \n\n\n\n\n\n Revenue\n \n\n\n\n 21,416\n \n\n\n\n 17,007\n \n\n\n\n 41,679\n \n\n\n\n 51,775\n \n\n\n\n\n\n Net income\n \n\n\n\n 386\n \n\n\n\n 1,056\n \n\n\n\n 3,652\n \n\n\n\n 11,543\n \n\n\n\n\n\n Earnings per share – basic\n \n\n\n\n 0.01\n \n\n\n\n 0.02\n \n\n\n\n 0.06\n \n\n\n\n 0.23\n \n\n\n\n\n\n Earnings per share – diluted\n \n\n\n\n 0.01\n \n\n\n\n 0.02\n \n\n\n\n 0.06\n \n\n\n\n 0.21\n \n\n\n\n\n\n Adjusted EBITDA\n \n\n (\n \n\n 1)\n \n\n\n\n 6,183\n \n\n\n\n 4,287\n \n\n\n\n 11,419\n \n\n\n\n 20,209\n \n\n\n\n\n\n Total generation – (MWh)\n \n\n\n\n 416,488\n \n\n\n\n 365,666\n \n\n\n\n 829,519\n \n\n\n\n 842,197\n \n\n\n\n\n\n Total fuel consumption – (GJ)\n \n\n\n\n 3,400,931\n \n\n\n\n 3,034,857\n \n\n\n\n 6,890,354\n \n\n\n\n 6,950,517\n \n\n\n\n\n\n Average Alberta market power price ($ per MWh)\n \n\n\n\n 40.48\n \n\n\n\n 45.17\n \n\n\n\n 40.14\n \n\n\n\n 72.23\n \n\n\n\n\n\n Average realized power price ($ per MWh)\n \n\n\n\n 51.44\n \n\n\n\n 46.51\n \n\n\n\n 50.24\n \n\n\n\n 61.48\n \n\n\n\n\n\n Loans and borrowings\n \n\n\n\n -\n \n\n\n\n 80,338\n \n\n\n\n -\n \n\n\n\n 80,338\n \n\n\n\n\n\n Total net debt (net cash)\n \n\n (\n \n\n 1)\n \n\n\n\n (40,382\n \n\n )\n \n\n\n\n (7,219\n \n\n )\n \n\n\n\n (40,382\n \n\n )\n \n\n\n\n (7,219\n \n\n )\n \n\n\n\n\n\n Total assets\n \n\n\n\n 360,005\n \n\n\n\n 434,198\n \n\n\n\n 360,005\n \n\n\n\n 434,198\n \n\n\n\n\n\n Free cash flow\n \n\n (\n \n\n 1)\n \n\n\n\n 5,163\n \n\n\n\n 1,6...