Civeo Corporation reported revenues of $170.5 million for the third quarter of 2025, compared to $176.3 million in the third quarter of 2024. The company recorded a net loss of $0.5 million, or $0.04 per diluted share, for the third quarter of 2025, an improvement from a net loss of $5.1 million, or $0.36 per diluted share, in the same period of 2024. Operating cash flow for the third quarter of 2025 was $13.8 million, down from $35.7 million in the prior year's quarter. Adjusted EBITDA increased to $28.8 million in the third quarter of 2025 from $18.8 million in the third quarter of 2024. The year-over-year increase in Adjusted EBITDA was primarily attributed to cost reductions in Canada, contributions from the Australian acquisition completed in May 2025, and higher occupancy in legacy Australian owned-villages. Revenues for Australia rose 10% and Adjusted EBITDA increased 13% sequentially, reflecting a full quarter's contribution from four villages acquired in the second quarter and increased occupancy in the Bowen Basin owned villages. Civeo maintained its full year 2025 capital expenditure guidance range of $20 million to $25 million. The company also continued its share buyback program, repurchasing over one million shares in the quarter and reaching approximately 69% completion of its current board authorization to repurchase 20% of outstanding common shares.