Sunshine Oilsands Q1 FY26 net loss widens to CAD 20.53 million

  • Sunshine Oilsands posted a net loss attributable to owners of CAD 20.39 million for three months ended March 31, 2026, widening from CAD 9.72 million a year earlier.
  • Finance costs climbed to CAD 13.52 million from CAD 3.11 million, primarily on higher interest expense on senior notes.
  • Operating costs fell 34.93% to CAD 1.22 million, while general and administrative expense edged down 4.42% to CAD 5.07 million.
  • Production remained halted at West Ells with average bitumen output and sales at no volumes, leaving petroleum sales at no revenue.
  • Working capital deficiency widened to CAD 118.1 million at March 31, 2026 from CAD 99.26 million at Dec. 31, 2025; cash totaled CAD 0.99 million.


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