Announcement • Jun 10
High Arctic Energy Services Inc. Announces CFO Changes, Effective June 10, 2026 High Arctic Energy Services Inc. announced that Jay Bachman, High Arctic's Interim Chief Financial Officer, had recently tendered his resignation and his last day at High Arctic would be June 10, 2026. The Corporation had waived Mr. Bachman's notice period in his employment arrangement to permit him to quickly move on to a new opportunity. Mr. Bachman had been with High Arctic since September 2024 and was instrumental in the transition of the accounting and reporting aspects related to High Arctic's 2024 carve-out transaction with High Arctic Overseas Corp. Since assuming the role of Interim Chief Financial Officer in August of last year, Jay had led efforts to streamline the Corporation's financial and governance processes to better align with the go-forward scale and requirements at High Arctic. Teh company also announced that Ms. Dorraine Neal had been appointed Interim Chief Financial Officer, effective June 10, 2026. Ms. Neal initially joined the Corporation in March 2024 in a consulting capacity and accepted a full-time role as Corporate Controller in September 2024. Ms. Neal is a Chartered Professional Accountant with over 25 years of expertise in financial operations, management accounting and reporting, implementing/maintaining multi-currency financial systems and corporate budgeting and planning. Since joining High Arctic she had proven her ability to successfully manage the finance and administration team while effectively supporting operational management and senior executives. Reported Earnings • May 17
First quarter 2026 earnings released: EPS: CA$0.07 (vs CA$0.01 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0.07 (up from CA$0.01 loss in 1Q 2025). Revenue: CA$2.74m (up 17% from 1Q 2025). Net income: CA$855.0k (up CA$975.0k from 1Q 2025). Profit margin: 31% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: CA$0.03 (vs CA$0.17 loss in FY 2024) Full year 2025 results: EPS: CA$0.03 (up from CA$0.17 loss in FY 2024). Revenue: CA$10.6m (up 1.6% from FY 2024). Net income: CA$356.0k (up CA$2.47m from FY 2024). Profit margin: 3.3% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. 
