| EARNINGS (LOSS) PER SHARE |
10. EARNINGS (LOSS) PER SHARE
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income (loss) per share – basic |
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Net income (loss) (thousands of U.S. dollars) |
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$ |
1,059 |
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$ |
(6,602 |
) |
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$ |
(2,214 |
) |
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$ |
(7,263 |
) |
Weighted average number of shares outstanding (thousands of shares) |
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193,789 |
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190,537 |
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193,081 |
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190,597 |
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Net income (loss) per share (U.S. dollars) − basic (as on the Consolidated Statement of Operations) |
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$ |
0.01 |
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$ |
(0.03 |
) |
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$ |
(0.01 |
) |
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$ |
(0.04 |
) |
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Net income (loss) per share − diluted |
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Net income (loss) (thousands of U.S. dollars) |
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$ |
1,059 |
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$ |
(6,602 |
) |
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$ |
(2,214 |
) |
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$ |
(7,263 |
) |
Weighted average number of shares outstanding (thousands of shares) |
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193,789 |
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190,537 |
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193,081 |
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190,597 |
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Dilutive RSUs (thousands of shares) (1) |
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654 |
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- |
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- |
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- |
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Dilutive New DSUs (thousands of shares) (1) |
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3,029 |
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- |
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- |
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- |
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Weighted average number of shares outstanding (thousands of shares) |
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197,472 |
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190,537 |
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193,081 |
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190,597 |
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Net income (loss) per share (U.S .dollars) − diluted (as on the Consolidated Statement of Operations) |
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$ |
0.01 |
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$ |
(0.03 |
) |
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$ |
(0.01 |
) |
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$ |
(0.04 |
) |
(1) For the three months ended June 30, 2026, the Net income per share − diluted includes the effect of 0.6 million RSUs, and 3.0 million New DSUs, as they would have the potential to dilute basic income per share. Refer to Note 8 for the anti-dilutive impact on the three and six months ended June 30, 2026 and the three and six months ended June 30, 2025.
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