CALGARY, Alberta, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today the release of financial and operating results for the third quarter ended September 30, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and Management's Discussion and Analysis ("MD&A") will be available on SEDAR+ and on MAXIM's website on November 6, 2025. All figures reported herein are Canadian dollars unless otherwise stated.

FINANCIAL HIGHLIGHTS

 

Three Months EndedSeptember 30,

Nine Months EndedSeptember 30,

($ in thousands except per share amounts)

2025

 

2024

 

2025

 

2024

 

Revenue

27,228

 

25,659

 

68,907

 

77,434

 

Net income

10,620

 

10,744

 

14,272

 

22,287

 

Earnings per share, basic

0.17

 

0.21

 

0.22

 

0.44

 

Earnings per share, diluted

0.17

 

0.18

 

0.22

 

0.39

 

Adjusted EBITDA(1)

11,387

 

12,675

 

22,806

 

32,884

 

Total generation, (MWh)

454,253

 

465,584

 

1,283,772

 

1,307,781

 

Total fuel consumption, (GJ)

3,640,634

 

3,756,808

 

10,530,988

 

10,707,325

 

Average Alberta market power price ($ per MWh)

51.29

 

55.36

 

43.90

 

66.56

 

Average realized power price ($ per MWh)

59.94

 

55.11

 

53.68

 

59.21

 

Loans and borrowings

-

 

79,869

 

-

 

79,869

 

Total net debt (net cash)(1)

(53,032

)

(19,144

)

(53,032

)

(19,144

)

Total assets

375,278

 

445,663

 

375,278