Pason Systems Inc. has released its first quarter results for 2025, reporting a 8% increase in consolidated revenue to $113.2 million compared to the previous year. The North American Drilling unit saw a 3% increase in revenue despite challenging industry conditions. The International Drilling unit's revenue was impacted by lower activity in Argentina. Completions Revenue increased by 25% with 32 IWS Active Jobs, and Solar and Energy Storage Revenue grew by 98%. Adjusted EBITDA was $45.2 million, representing 39.9% of revenue. Net income attributable to Pason was $20.0 million. Cash and cash equivalents stood at $84.4 million as of March 31, 2025. More details can be found on Benzinga.com.