Bri-chem announces 2024 annual and fourth quarter financial results
Edmonton, alberta--(newsfile corp. - march 31, 2025) - bri-chem corp. (tsx: bry) ("bri-chem" or "company"), a leading north american oilfield chemical distribution and blending company, is pleased to announce its 2024 annual and fourth quarter financial results. three months ended twelve months ended december 31 change december 31 change (in '000s except per share amounts) 2024 2023 $ % 2024 2023 $ % financial performance sales $ 20,618 $ 26,775 $ (6,157 ) (23%) $ 83,072 $ 106,035 $ (22,964 ) (22%) adjusted ebitda(1) (1,174 ) 1,938 (3,112 ) (161%) (323 ) 6,576 (6,900 ) (105%) as a % of revenue (6%) 7% 0% 6% operating (loss) / earnings (1,525 ) 1,034 (2,559 ) (248%) (816 ) 4,731 (5,547 ) (117%) adjusted net (loss) / earnings (1) (2,222 ) 552 (2,774 ) (503%) (5,121 ) 1,364 (6,485 ) (476%) net (loss) / earnings $ (1,589 ) $ 467 $ (2,056 ) (440%) $ (3,851 ) $ 909 $ (4,761 ) (524%) per diluted share adjusted ebitda (1) $ (0.04 ) $ 0.07 $ (0.11 ) (151%) $ (0.01 ) $ 0.25 $ (0.26 ) (105%) adjusted net (loss) / earnings (1) $ (0.08 ) $ 0.02 $ (0.10 ) (481%) $ (0.19 ) $ 0.05 $ (0.24 ) (467%) net (loss) / earnings $ (0.06 ) $ 0.02 $ (0.08 ) (455%) $ (0.14 ) $ 0.03 $ (0.17 ) (497%) financial position total assets $ 58,166 $ 68,372 $ (10,206 ) (15%) working capital 4,459 15,927 (11,468 ) (72%) long-term debt - 6,731 (6,731 ) (100%) shareholders equity $ 19,608 $ 22,542 $ (2,935 ) (13%) (1) non-gaap financial measure.
