Sunshine Oilsands Reports No Petroleum Sales for Q2 2025, Down from $10.27M in 2024; Foreign Exchange Gains Boost Income

Reuters

08/29

Sunshine Oilsands Reports No Petroleum Sales for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025, Down from $10.27M in 2024; Foreign Exchange Gains Boost Income

Sunshine Oilsands Ltd. has announced its financial results for the second quarter ending June 30, 2025. The company reported a significant decline in petroleum sales, net of royalties, which fell to CAD 0 million for the six months ended June 30, 2025, from CAD 21.5 million in the same period of 2024. This decrease was attributed to equipment maintenance at West Ells during the first and second quarters of 2025. For the three months ended June 30, 2025, Sunshine Oilsands Ltd. recorded a net operating loss of CAD 2.1 million, excluding one-off foreign exchange gains, compared to a net operating income of CAD 1.13 million in the same period of the previous year. The company also reported an operating cash flow net loss of CAD 2.5 million for the same quarter, contrasting with a net gain of CAD 0.8 million in 2024. The announcement did not include future outlook or guidance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunshine Oilsands Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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The company reported a significant decline in petroleum sales, net of royalties, which fell to CAD 0 million for the six months ended June 30, 2025, from CAD 21.5 million in the same period of 2024. This decrease was attributed to equipment maintenance at West Ells during the first and second quarters of 2025. For the three months ended June 30, 2025, Sunshine Oilsands Ltd. recorded a net operating loss of CAD 2.1 million, excluding one-off foreign exchange gains, compared to a net operating income of CAD 1.13 million in the same period of the previous year. The company also reported an operating cash flow net loss of CAD 2.5 million for the same quarter, contrasting with a net gain of CAD 0.8 million in 2024. 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The company reported a significant decline in petroleum sales, net of royalties, which fell to CAD 0 million for the six months ended June 30, 2025, from CAD 21.5 million in the same period of 2024. This decrease was attributed to equipment maintenance at West Ells during the first and second quarters of 2025. For the three months ended June 30, 2025, Sunshine Oilsands Ltd. recorded a net operating loss of CAD 2.1 million, excluding one-off foreign exchange gains, compared to a net operating income of CAD 1.13 million in the same period of the previous year. The company also reported an operating cash flow net loss of CAD 2.5 million for the same quarter, contrasting with a net gain of CAD 0.8 million in 2024. 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