Core Viewpoint - Pulse Seismic Inc. reported strong financial results for the first half of 2025, with significant revenue growth and a focus on returning capital to shareholders through dividends [3][11]. Financial Performance - Total revenue for Q2 2025 was $18.3 million, a substantial increase from $6.3 million in Q2 2024. For the first half of 2025, revenue reached $41.1 million, compared to $15.1 million in the same period of 2024, reflecting a 171% increase year-over-year [6][7]. - EBITDA for Q2 2025 was $15.2 million, up from $4.4 million in Q2 2024. For the first half of 2025, EBITDA totaled $35.3 million, compared to $10.6 million in the same period of 2024 [6][7]. - Net earnings for Q2 2025 were $9.6 million ($0.19 per share), compared to $1.3 million ($0.03 per share) in Q2 2024. For the first half of 2025, net earnings were $22.9 million ($0.45 per share), compared to $4.0 million ($0.08 per share) in the same period of 2024 [6][7]. Shareholder Returns - The Board declared a regular quarterly dividend of $0.0175 per share and a special dividend of $0.20 per share, totaling approximately $11.0 million based on shares outstanding [2][3]. - The company distributed 84% of its free cash flow in 2025 as dividends, with special dividends totaling $0.80 declared over the last 24 months [3][6]. Operational Highlights - The company has a cash balance of $25.9 million and $5.0 million in available liquidity as of June 30, 2025 [6][11]. - The seismic data library consists of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic, covering the Western Canada Sedimentary Basin [16]. Market Outlook - The company anticipates continued strong M&A activity in the energy sector, despite challenges in forecasting future revenue due to market fluctuations [12][15]. - Industry trends such as land sales, drilling forecasts, and commodity prices are expected to influence future performance [12][14].