ACT Energy Technologies' Q2 2025 Earnings: Revenue Down 14%, EPS Misses Expectations

ACT Energy Technologies reported Q2 2025 revenue of CA$112.0m, down 14% from Q2 2024. Net loss was CA$9.96m, a 289% decrease from Q2 2024, and loss per share was CA$0.30, down from CA$0.15 profit in Q2 2024. Revenue is forecast to stay flat during the next 3 years compared to a 9.6% growth forecast for the Energy Services industry in Canada.

ACT Energy Technologies reported its Q2 2025 financial results, highlighting a significant decline in revenue and net loss compared to the same period last year. The company's revenue for the quarter stood at CA$112.0 million, marking a 14% decrease from Q2 2024, while the net loss was CA$9.96 million, a substantial 289% increase from the previous year's net loss of CA$2.6 million. The loss per share was CA$0.30, down from CA$0.15 profit per share in Q2 2024.

The company's revenue decline was attributed to a 14% decrease in service revenue and a 12% decrease in product revenue. ACT Energy Technologies also reported a 20% decrease in adjusted EBITDA, which was primarily driven by the revenue decline and higher operating expenses.

Looking ahead, ACT Energy Technologies expects its revenue to remain flat over the next three years, which is significantly lower than the industry forecast of a 9.6% growth rate for the Energy Services industry in Canada. The company's CEO, David Smith, emphasized the need for cost-cutting measures and strategic initiatives to improve operational efficiency and financial performance.

ACT Energy Technologies faces several challenges, including declining global rig count, tariff impacts, and geopolitical tensions. The company is also dealing with a slowdown in oil-directed activity due to potential oil price fluctuations below USD 60 per barrel. Despite these challenges, ACT Energy Technologies is committed to improving its financial performance and market position.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-07:newsml_PLX2E34D3:0-brief-forum-energy-technologies-q2-net-income-usd-7-7-million/
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-forum-energy-q2-2025-sees-robust-growth-93CH-4181296
[3] https://finance.yahoo.com/news/ensign-energy-services-second-quarter-123036780.html
[4] https://ca.finance.yahoo.com/news/step-energy-services-ltd-snvvf-170101683.html