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Source : Pulse Seismic Inc. PULSE PULSE SEISMIC INC . REPORTS Q3 2026 FINANCIAL RESULTS AND DECLARES REGULAR QUARTERLY DIVIDEND CALGARY , Alberta , October 21 , 2026 ( GLOBE NEWSWIRE ) - Pulse Seismic Inc. ( TSX : PSD ) ( OTCQX : PLSDF ) ( " Pulse " or the " Company " ) is pleased to report its financial and operating results for the three and nine months ended September 30 , 2026. The unaudited condensed consolidated interim financial statements , accompanying notes and MD & A are being filed on SEDAR + ( www.sedarplus.ca ) and will be available on Pulse's website at www.pulseseismic.com . Today , Pulse's Board of Directors declared a regular quarterly dividend of $ 0.01875 per common share . The total of the dividend will be approximately $ 951,000 based on Pulse's 50,708,857 common shares outstanding as of October 21 , 2026 , to be paid on November 18 , 2026 , to shareholders of record on November 4 , 2026. This dividend is designated as an eligible dividend for Canadian income tax purposes . For non - resident shareholders , Pulse's dividends are subject to Canadian withholding tax . " Our third quarter results demonstrate the strength of Pulse's business model and the value of our strategically positioned seismic data library , " stated Pamela Wicks , Pulse's President and CEO . " Revenue of $ 17.3 million in the quarter drove shareholder free cash flow of $ 11.5 million , highlighting our ability to convert licensing activity into meaningful cash flow . Improving industry fundamentals support ongoing demand for high - quality seismic in prolific areas of oil and gas development . With a debt - free balance sheet , strong liquidity and a continued focus on capital discipline , Pulse is well positioned to leverage its assets and capitalize on opportunities to deliver value to shareholders , " concluded Wicks . " As disclosed in August , the Company appointed Pamela Wicks as Pulse's President and Chief Executive Officer . I am excited about the management change at Pulse . The Board and I have high conviction in the potential value to be realized through the active management of our seismic data library , which was acquired over decades at a historical cost of over $ 500 million , " added Robert Robotti , Pulse Board Chair . • HIGHLIGHTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30 , 2026 Total revenue for the third quarter of 2026 was $ 17.3 million , as compared to $ 3.4 million for the same period in 2025. Total revenue for the first nine months of 2026 was $ 22.8 million , as compared to $ 44.5 million last year . EBITDA ( a ) for the third quarter of 2026 was $ 14.7 million ( $ 0.29 per share basic and diluted ) , compared to $ 744,000 ( $ 0.01 per share basic and diluted ) for the same period in 2025. For the first nine months of 2026 , EBITDA ( a ) was $ 15.3 million as compared to $ 36.0 million for the same period last year . The significant increase in EBITDA over the sequential quarter is due to strong revenue activity realized in the third quarter of 2026 combined with the Company's disciplined cost structure and ability to effectively manage periods of revenue fluctuations . Shareholder free cash flow ( a ) was $ 11.5 million ( $ 0.23 per share basic and diluted ) in the third quarter of 2026 , as compared to $ 571,000 ( $ 0.01 per share basic and diluted ) for the same period in 2025. For the first nine months of 2026 , shareholder free cash flow ( a ) was $ 12.5 million ( $ 0.25 per share basic and diluted ) compared to $ 27.7 million ( $ 0.55 per share basic and diluted ) for the same period in 2025 . In the third quarter of 2026 , the Company generated net earnings of $ 11.4 million ( $ 0.22 per share basic and diluted ) , as compared to a net loss of $ 1.5 million ( $ 0.03 per share basic and diluted ) for the same period in 2025 . For the first nine months of 2026 , net earnings were $ 11.5 million ( $ 0.23 per share basic and diluted ) compared to $ 21.4 million ( $ 0.42 per share basic and diluted ) for the same period last year . At September 30 , 2026 , the Company exited the third quarter of 2026 with $ 20.9 million of positive working capital , including $ 8.7 million of cash . The Company also had $ 5.0 million of available liquidity on its credit facility .