Highwood Asset Management Ltd

Highwood Asset Management Ltd

HAM.V
Highwood Asset Management LtdCA flagToronto Stock Exchange Ventures
5.85
CAD
-0.05
- -
88.75MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
155.93
5.54
6.83
4.24
1.85
1.35
4.71
9.53
7.17
8.14
Basic EPS, GAAP
3.17
-0.32
-1.84
-1.54
-0.39
0.37
4.75
1.88
1.5
1.57
Free Cash Flow per Basic Share
-20.25
-4.62
-0.05
0.73
-0.4
-0.22
-0.25
-0.05
-0.29
0.91
Dividend per Share
3.97
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
141.58
226.79
2.99
1.62
1.33
1.77
6.98
9
10.86
12.24
Tangible Book Value per Share
141.58
226.79
2.99
1.62
1.33
1.77
6.98
9
10.86
12.24
Basic Weighted Avg Shares
- -
6
6
6
6
6
10
15
14
14
Sales/Revenue/Turnover
29
31
41
25
11
8
46
141
104
115
Operating Margin (%)
-1.65
-3.15
-7.1
-28.78
-1.04
7.14
24.26
35.17
19.31
26.42
Depreciation Expense
5
6
9
6
1
1
7
26
24
24
Net Income, GAAP
1
-2
-11
-9
-2
2
46
28
22
22
Effective Tax Rate (%)
17.27
- -
- -
- -
- -
24.04
6.7
23.51
28.62
23.93
Profit Margin (%)
2.03
-5.86
-26.95
-36.43
-20.9
27.63
100.72
19.77
20.96
19.23
Working Capital
-15
-30
-45
-1
-2
- -
-10
-8
-2
-11
LT Debt
- -
- -
- -
- -
- -
- -
84
91
105
7
Total Equity
27
25
18
10
8
11
104
132
154
171
Return on Invested Capital (%)
- -
- -
- -
- -
- -
4.41
10.22
18.31
5.91
10.92
Return on Capital (%)
- -
- -
- -
- -
- -
22.96
49.47
17.17
11.2
13.26
Return on Common Equity (%)
- -
-7.06
-51.73
-66.89
-26.14
24.03
80.32
23.66
15.17
13.92

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
105
106
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
- -
66
66

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
36
44
41
Cash, Cash Equivalents & STI
5
- -
4
Accounts Receivable, Net
14
41
32
Inventories
- -
- -
- -
Total Current Liabilities
38
67
51
Payables & Accruals
36
52
48
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
186.64%
16.64%
Free Cash Flow
- -
61.87%
499.86%
Net Income, GAAP
- -
324.19%
-22.34%
Sales/Revenue/Turnover
- -
112.45%
-26.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30
40
36
35
141
2025
29
26
25
23
104
2026
31
36
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
0.7
1.09
- -
1.88
2025
0.16
0.92
0.02
- -
1.5
2026
-1.03
2.19
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Greg Macdonald
Full Time Employees
17
Sector
Energy
Industry
Oil & Gas Equipment & Services
Address
1100, 250 – 2nd Street SW Calgary AB Canada T2P 0C1
IPO Date
Jan 20, 2026
Business
Highwood Asset Management Ltd. is a Canada-based oil and gas exploration and production company that acquires, develops, operates and monetizes upstream petroleum assets, with a primary focus on conventional oil and natural gas properties in Alberta. The Company produces crude oil, natural gas and natural gas liquids; conducts drilling, completion, production optimization and field-development activities; markets hydrocarbons; and operates related midstream infrastructure, including the wholly owned Wabasca River Pipeline System, a crude-oil sales line with capacity of approximately 20,000 barrels per day connecting northern Alberta production to the Plains Rainbow System. Highwood also holds interests in early-stage brine-hosted mineral and lithium-brine exploration acreage in Alberta, including the Drumheller area, although its principal operating business is oil and gas production. The Company serves Canadian energy markets and conducts its operations primarily in Alberta, Canada. Highwood Asset Management Ltd. was founded in 2012, is headquartered in Calgary, Alberta, and was formerly known as Highwood Oil Company Ltd. before adopting its current name in July 2021. In 2026, Highwood completed a strategic divestiture of its Wilson Creek oil and natural gas assets to Obsidian Energy Ltd. for total consideration of up to $112 million, comprising $105 million of cash consideration and up to $7 million of contingent consideration; the transaction closed on June 30, 2026 and refocused the Company’s producing asset base on its remaining operations. Following the disposition, Highwood implemented its inaugural normal course issuer bid, under which it may repurchase and cancel common shares, as part of its shareholder-return strategy. For the second quarter of 2026, the Company reported average corporate production of 5,079 barrels of oil equivalent per day, including approximately 2,900 barrels of oil equivalent per day from assets retained following the Wilson Creek sale.