v3.26.1
Condensed Interim Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Number of Shares [member]
Issued Capital [member]
Share Purchase Options Reserve [member]
Reserves Restricted Share Units Reserve [member]
LTI revaluation reserve (net of tax) [member]
Total Reserves [member]
Retained Earnings [member]
Balance at beginning of period at Dec. 31, 2024 $ 7,259,379   $ 3,798,108 $ 23,361 $ 8,859 $ (95,723) [1] $ (63,503) $ 3,524,774
Balance, shares at beginning of period at Dec. 31, 2024   453,677,000            
Total comprehensive income                
Total comprehensive income 277,794         23,810 [1] 23,810 253,984
SBC expense [1] 1,425     579 846   1,425  
Options exercised [1] 2,424   2,965 (541)     (541)  
Options exercised, shares [1]   62,000            
RSUs released [1]     3,095   (3,095)   (3,095)  
RSUs released, shares [1]   69,000            
Dividends (Note 17.2) (74,880)   0         (74,880)
Balance end of period at Mar. 31, 2025 7,466,142   3,804,168 23,399 6,610 (71,913) [1] (41,904) 3,703,878
Balance, shares at end of period at Mar. 31, 2025   453,808,000            
Balance at beginning of period at Dec. 31, 2024 7,259,379   3,798,108 23,361 8,859 (95,723) [1] (63,503) 3,524,774
Balance, shares at beginning of period at Dec. 31, 2024   453,677,000            
Total comprehensive income                
Total comprehensive income 606,640              
Balance end of period at Jun. 30, 2025 7,725,706   3,810,111 23,633 6,051 (35,338) [1] (5,654) 3,921,249
Balance, shares at end of period at Jun. 30, 2025   453,954,000            
Balance at beginning of period at Mar. 31, 2025 7,466,142   3,804,168 23,399 6,610 (71,913) [1] (41,904) 3,703,878
Balance, shares at beginning of period at Mar. 31, 2025   453,808,000            
Total comprehensive income                
Total comprehensive income 328,845         36,575 [1] 36,575 292,270
SBC expense [1] 1,809     711 1,098   1,809  
Options exercised [1] 1,967   2,444 (477)     (477)  
Options exercised, shares [1]   50,000            
RSUs released [1]     1,657   (1,657)   (1,657)  
RSUs released, shares [1]   73,000            
Dividends (Note 17.2) (73,057)   1,842         (74,899)
Dividends (Note 17.2), shares   23,000            
Balance end of period at Jun. 30, 2025 7,725,706   3,810,111 23,633 6,051 (35,338) [1] (5,654) 3,921,249
Balance, shares at end of period at Jun. 30, 2025   453,954,000            
Total comprehensive income                
Total comprehensive income 1,105,405         179,939 [1] 179,939 925,466
Income tax recovery (expense) 1,788             1,788
SBC expense [1] 3,241     1,363 1,878   3,241  
Options exercised [1] 2,798   3,413 (615)     (615)  
Options exercised, shares [1]   66,000            
Dividends (Note 17.2) (148,430)   1,386         (149,816)
Dividends (Note 17.2), shares   14,000            
Balance end of period at Dec. 31, 2025 8,690,508   $ 3,814,910 24,381 7,929 144,601 [1] 176,911 4,698,687
Balance, shares at end of period at Dec. 31, 2025   454,034,000 454,033,830          
Total comprehensive income                
Total comprehensive income 636,940         54,896 [1] 54,896 582,044
Income tax recovery (expense) 1,993             1,993
SBC expense [1] 1,647     700 947   1,647  
Options exercised [1] 739   $ 909 (170)     (170)  
Options exercised, shares [1]   17,000            
RSUs released [1]     2,360   (2,360)   (2,360)  
RSUs released, shares [1]   46,000            
Dividends (Note 17.2) (88,549)   0         (88,549)
Realized gain on disposal of LTIs [1]           (131,144) (131,144) 131,144
Balance end of period at Mar. 31, 2026 9,243,278   3,818,179 24,911 6,516 68,353 [1] 99,780 5,325,319
Balance, shares at end of period at Mar. 31, 2026   454,097,000            
Balance at beginning of period at Dec. 31, 2025 8,690,508   $ 3,814,910 24,381 7,929 144,601 [1] 176,911 4,698,687
Balance, shares at beginning of period at Dec. 31, 2025   454,034,000 454,033,830          
Total comprehensive income                
Total comprehensive income 1,165,393              
Realized gain on disposal of LTIs 151,519              
Balance end of period at Jun. 30, 2026 9,690,445   $ 3,825,005 25,453 7,511 53,570 [1] 86,534 5,778,906
Balance, shares at end of period at Jun. 30, 2026   454,160,000 454,159,968          
Balance at beginning of period at Mar. 31, 2026 9,243,278   $ 3,818,179 24,911 6,516 68,353 [1] 99,780 5,325,319
Balance, shares at beginning of period at Mar. 31, 2026   454,097,000            
Total comprehensive income                
Total comprehensive income 528,453         (14,783) [1] (14,783) 543,236
Income tax recovery (expense) (1,093)             (1,093)
SBC expense [1] 1,743     729 1,014   1,743  
Options exercised [1] 807   994 (187)     (187)  
Options exercised, shares [1]   17,000            
RSUs released [1]     19   (19)   (19)  
RSUs released, shares [1]   1,000            
Dividends (Note 17.2) (82,743)   5,813         (88,556)
Dividends (Note 17.2), shares   45,000            
Balance end of period at Jun. 30, 2026 $ 9,690,445   $ 3,825,005 $ 25,453 $ 7,511 $ 53,570 [1] $ 86,534 $ 5,778,906
Balance, shares at end of period at Jun. 30, 2026   454,160,000 454,159,968          
[1] Definitions as follows: “SBC” = Equity Settled Stock Based Compensation; “Options” = Share Purchase Options; “RSUs” = Restricted Share Units; “LTI’s” = Long-Term Investments - Common Shares Held.