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