SUNSHINE OIL (02012) reported a net loss attributable to shareholders of approximately CAD 21 million in the third quarter.

SUNSHINE OIL (02012) announced that for the third quarter of 2026, the net loss and total comprehensive loss attributable to owners of the Company were approximately CAD 21 million, compared with a net loss and total comprehensive loss attributable to owners of the Company of approximately CAD 700,000 in the third quarter of 2025. Oil sales (net of royalties) for the nine months ended September 30, 2026 remained unchanged compared with the nine months ended September 30, 2025, at CAD 0. This was primarily due to the loss of revenue resulting from equipment maintenance at West Ells. For the three months ended September 30, 2026, after excluding one-off foreign exchange gains/(losses), the net operating loss was CAD 17.1 million, compared with a net operating loss of CAD 7.1 million in the same period of 2025. Net cash used in operating activities for the three months ended September 30, 2026 was CAD 300,000, compared with net cash used of CAD 1.3 million in the same period of 2025. The shortfall in operating cash flow for the three months ended September 30, 2026 was primarily due to the loss of revenue resulting from equipment maintenance at West Ells.