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Consolidated Balance Sheets - CAD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 77,875 $ 88,614
Accounts receivable 166,070 97,855
Contract assets 4,135 35,027
Inventories 74,081 64,962
Prepaid expenses and deposits 7,676 7,402
Assets held for sale 683 1,340
Total current assets 330,520 295,200
Property, plant and equipment 1,246,584 1,142,946
Operating lease right-of-use assets 12,722 12,782
Investments in affiliates and joint ventures 84,692 81,435
Intangible assets 9,901 6,971
Other assets 9,845 7,144
Total assets 1,694,264 1,546,478
Current liabilities    
Accounts payable 110,750 146,190
Accrued liabilities 77,908 72,225
Contract liabilities 1,944 59
Current portion of long-term debt 84,194 81,306
Current portion of contingent obligations 39,290 22,501
Current portion of operating lease liabilities 1,771 1,742
Total current liabilities 315,857 324,023
Long-term debt 719,399 611,313
Contingent obligations 88,576 93,356
Operating lease liabilities 11,441 11,307
Other long-term obligations 44,711 41,001
Deferred tax liabilities 125,378 108,824
Total liabilities 1,305,362 1,189,824
Shareholders' equity    
Common shares (authorized – unlimited number of voting common shares; issued and outstanding – December 31, 2024 - 27,704,450 (December 31, 2023 – 27,827,282)) 228,961 229,455
Treasury shares (December 31, 2024 - 1,000,328 (December 31, 2023 - 1,090,187)) (15,913) (16,165)
Additional paid-in capital 20,819 20,739
Retained earnings 156,125 123,032
Accumulated other comprehensive loss (1,090) (407)
Shareholders' equity 388,902 356,654
Total liabilities and shareholders' equity 1,694,264 1,546,478
Contingencies
Subsequent events