AKITA Drilling Ltd. reported a net income of $2.3 million for Q2 2025, a significant improvement from a loss of $0.5 million in the same period last year. Adjusted funds flow from operations increased to $9.8 million in Q2 2025 from $6.4 million in Q2 2024. Net cash from operations rose to $18.2 million in Q2 2025 compared to $10.9 million in Q2 2024. The company's total debt reduced to $39.7 million from $52.4 million in Q2 2024, resulting in a debt to EBITDA ratio of 0.53:1. Total revenue for Q2 2025 was $49.6 million, up 29% from the previous year. Operating margin increased by 40% to $11.9 million. The company also announced the initiation of a return of capital strategy through a normal course issuer bid. Canadian drilling division revenue saw a total of $10.9 million in Q2 2025, up 11% from the previous year. Total assets increased by 6% to $258.0 million. The full news story is available on Benzinga.com.