Business
Bri-Chem Announces 2025 Annual and Fourth Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - March 25, 2026) - Bri-Chem Corp. (TSX: BRY) ("Bri...
About this update from Bri-chem Corp.
Bri-Chem Announces 2025 Annual and Fourth Quarter Financial ResultsEdmonton, Alberta--(Newsfile Corp. - March 25, 2026) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2025 annual and fourth quarter financial results.Three months endedDecember 31ChangeTwelve months ended December 31Change(in '000s except per share amounts)20252024$%20252024$%Financial performance        Sales$16,963$20,618$(3,655)(18%)$75,601$83,072$(7,471)(9%)Adjusted EBITDA(1)1,840(1,174)3,014(257%)4,186(323)4,509(1394%)As a % of revenue11%(6%)  6%0%  Operating earnings / (loss)1,210(1,525)2,735(179%)2,535(816)3,350(411%)Adjusted net earnings / (loss) (1)662(2,222)2,884(130%)120(5,121)5,241(102%)Net earnings / (loss)$1,074$(1,589)$2,663(168%)$979$(3,851)$4,830(125%)Per diluted share        Adjusted EBITDA (1)$0.07$(0.04)$0.11(261%)$0.16$(0.01)$0.17(1396%)Adjusted net earnings / (loss) (1)$0.02$(0.08)$0.10(121%)$0.00$(0.19)$0.19(99%)Net earnings / (loss)$0.04$(0.05)$0.09(164%)$0.04$(0.14)$0.18(124%)Financial position        Total assets    $43,356$58,166$(14,810)(25%)Working capital    5,0604,45960113%Long-term debt    ---0%Shareholders equity    $20,281$19,608$6743% (1) Non-GAAP financial measure. Refer to "Non-GAAP Financial Measures" in this press release.Key Q4 2025 highlights include:Consolidated sales for the three months ended December 31, 2025 were $17 million, representing an 18% decrease from the prior year. The decrease is primarily due to decreased sales in the United States after a customer was sold to a competitor and the subsequent discontinuation of services.Consolidated gross margin for the three months ended December 31, 2025 increased by $852 thousand compared to the same period last year. The gross margin dollar increase is primarily related to the increased realized margin in Canada for fluid distribution division. Adjusted EBITDA for the fourth quarter 2025 increased by $3 million when compared to the same period in the prior year and operating earnings increased by $2.7 million for the three months ended December 31, 20...