Interim Condensed Consolidated Financial Statements

Interim Condensed Consolidated Statements of Financial Position (unaudited)


($ United States millions)	Notes	June 30, 2025			December 31, 2024
Assets
Current assets
Cash and cash equivalents		$	71		$	92
Short-term investments			3			-
Accounts receivable	2a		417			398
Unbilled revenue	2b		174			157
Energy infrastructure (“EI”) assets - finance leases receivable	3b		48			49
Inventories	4		304			258
Inventories - work-in-progress ("WIP") related to EI assets - finance leases receivable	4		91			35
Income taxes receivable			5			3
Prepayments			35			49
Total current assets			1,148			1,041
Unbilled revenue	2b		2			2
Property, plant and equipment ("PP&E")			98			96
EI assets - operating leases	3a		695			713
EI assets - finance leases receivable	3b		174			189
Lease right-of-use assets			62			58
Deferred tax assets			19			24
Intangible assets			33			37
Goodwill			428			422
Other assets	5		225			209
Total assets		$	2,884		$	2,791
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable and accrued liabilities		$	470		$	413
Provisions			21			22
Income taxes payable			54			79
Deferred revenue	6		395			375
Lease liabilities			24			22
Total current liabilities			964			911
Deferred revenue	6		11			11
Long-term debt	7		679			708
Lease liabilities			50			47
Deferred tax liabilities			39			48
Other liabilities			14			17
Total liabilities		$	1,757		$	1,742
Shareholders’ equity
Share capital	8	$	501		$	505
Contributed surplus	9		669			678
Retained earnings			157			80
Accumulated other comprehensive loss			(200	)		(214	)
Total shareholders’ equity			1,127			1,049
Total liabilities and shareholders’ equity		$	2,884		$	2,791

See accompanying notes to the unaudited interim condensed consolidated financial statements.


	F-1

Interim Condensed Consolidated Statements of Earnings (Loss) and Other Comprehensive Income (Loss) (unaudited)


		Three months ended June 30,						Six months ended June 30,
($ United States millions, except per share amounts)	Notes	2025			2024			2025			2024
Revenue	10,12	$	615		$	614		$	1,167		$	1,252
Cost of goods sold ("COGS")	12		476			478			900			1,029
Gross margin			139			136			267			223
Selling, general and administrative expenses ("SG&A")	11,12		61			75			118			153
Foreign exchange ("FX") loss			2			3			2			4
Operating income			76			58			147			66
Equity earnings from associates and joint ventures			1			-			1			-
Loss on financial instruments			-			(3	)		(2	)		(8	)
Unrealized gain on redemption options			15			-			12			-
Earnings before finance costs and income taxes (“EBIT”)			92			55			158			58
Net finance costs	13		18			23			41			49
Earnings before income taxes (“EBT”)			74			32			117			9
Current income taxes			14			22			36			36
Deferred income taxes			-			5			(3	)		(14	)
Income taxes			14			27			33			22
Net earnings (loss)		$	60		$	5		$	84		$	(13	)

Other comprehensive income (loss)
Items that may be reclassified to profit or loss in subsequent periods:
Gain on derivatives designated as cash flow hedges transferred to net loss, net of income tax expense			-			1			-			1
Unrealized gain (loss) on translation of foreign- denominated debt			32			(6	)		32			(21	)
Unrealized gain (loss) on translation of financial statements of foreign operations			(23	)		-			(18	)		6
Other comprehensive income (loss)			9			(5	)		14			(14	)
Total comprehensive income (loss)		$	69		$	-		$	98		$	(27	)

Earnings (loss) per share – basic		$	0.49		$	0.04		$	0.68		$	(0.10	)
Earnings (loss) per share – diluted		$	0.49		$	0.04		$	0.68		$	(0.10	)

Weighted average number of shares outstanding – basic			123,279,297			124,015,516			123,709,917			123,986,511
Weighted average number of shares outstanding – diluted			123,401,390			124,116,924			123,926,989			123,986,511

See accompanying notes to the unaudited interim condensed consolidated financial statements.


F-2 Interim Condensed Consolidated Financial Statements

Interim Condensed Consolidated Statements of Cash Flows (unaudited)


		Three months ended June 30,						Six months ended June 30,
($ United States millions)	Notes	2025			2024			2025			2024
Operating Activities
Net earnings (loss)		$	60		$	5		$	84		$	(13	)
Items not requiring cash and cash equivalents:
Depreciation and amortization			42			48			81			92
Equity earnings from associates and joint ventures			(1	)		-			(1	)		-
Deferred income tax expense (recovery)			-			5			(3	)		(14	)
Share-based compensation expense	11		3			2			-			8
Loss on financial instruments			-			3			2			8
Unrealized gain on redemption options			(15	)		-			(12	)		-
			89			63			151			81
Net change in working capital and other	15		(93	)		(51	)		(59	)		32
Cash (used in) provided by operating activities		$	(4	)	$	12		$	92		$	113

Investing Activities
Additions to:
PP&E		$	(6	)	$	(4	)	$	(8	)	$	(7	)
EI assets - operating leases	3a		(28	)		(6	)		(40	)		(20	)
Intangible assets			-			(1	)		-			(1	)
Proceeds on disposal of:
EI assets - operating leases			4			-			13			2
Net proceeds (purchases) of financial instruments			2			(3	)		(5	)		3
Net change in working capital associated with investing activities			18			(3	)		4			(1	)
Cash used in investing activities		$	(10	)	$	(17	)	$	(36	)	$	(24	)
Financing Activities
Net proceeds (repayment) of the Revolving Credit Facility	7	$	32		$	152		$	(42	)	$	90
Repayment of the Term Loan			-			(120	)		-			(130	)
Lease liability principal repayment			(5	)		(6	)		(11	)		(10	)
Dividends			(4	)		(3	)		(10	)		(5	)
Stock option exercises			1			1			1			1
Shares repurchased - NCIB	8, 9		(14	)		-			(14	)		-
Deferred transaction costs			-			(1	)		-			(1	)
Cash provided by (used in) financing activities		$	10		$	23		$	(76	)	$	(55	)
Effect of exchange rate changes on cash and cash equivalents denominated in foreign currencies		$	-		$	(2	)	$	(1	)	$	(3	)
(Decrease) Increase in cash and cash equivalents			(4	)		16			(21	)		31
Cash and cash equivalents, beginning of period			75			110			92			95
Cash and cash equivalents, end of period		$	71		$	126		$	71		$	126

See accompanying notes to the unaudited interim condensed consolidated financial statements.


	F-3

Interim Condensed Consolidated Statements of Changes in Equity (unaudited)


										Accumulated other comprehensive losses
($ United States millions)	Share capital			Contributed surplus			Retained earnings			Foreign currency translation adjustments			Hedging reserve			Total
At January 1, 2024	$	504		$	678		$	58		$	(185	)	$	(1	)	$	1,054
Net loss		-			-			(13	)		-			-			(13	)
Other comprehensive (loss)		-			-			-			(15	)		1			(14	)
Effect of stock option plans		1			-			-			-			-			1
Dividends		-			-			(5	)		-			-			(5	)
At June 30, 2024	$	505		$	678		$	40		$	(200	)	$	-		$	1,023
At January 1, 2025	$	505		$	678		$	80		$	(214	)	$	-		$	1,049
Net earnings		-			-			84			-			-			84
Other comprehensive income		-			-			-			14			-			14
Effect of stock option plans		2			(1	)		-			-			-			1
Shares repurchased - NCIB		(6	)		(8	)		-			-			-			(14	)
Dividends		-			-			(7	)		-			-			(7	)
At June 30, 2025	$	501		$	669		$	157		$	(200	)	$	-		$	1,127

See accompanying notes to the unaudited interim condensed consolidated financial statements.


F-4 Interim Condensed Consolidated Financial Statements

Notes to the Interim Condensed Consolidated

Financial Statements (unaudited)

(All amounts in millions of United States dollars, except per share amounts or as otherwise noted.)

Note 1. Summary of Material Accounting Policies

(a)

Statement of Compliance

These unaudited interim condensed consolidated financial statements (“Financial Statements”) have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) applicable to the preparation of interim financial statements and were approved and authorized for issue by the Board of Directors (the “Board”) on August 6, 2025.

(b)

Basis of Presentation and Measurement

The Financial Statements for the three and six months ended June 30, 2025 and 2024 were prepared in accordance with IAS 34 “Interim Financial Reporting” and do not include all the disclosures included in the annual consolidated financial statements for the year ended December 31, 2024. Accordingly, these Financial Statements should be read in conjunction with the annual consolidated financial statements. Certain comparative figures have been reclassified to conform to the current period’s presentation.

Preparation of these Financial Statements requires Management to make judgments, estimates, and assumptions based on existing knowledge that affect the application of accounting policies and reported amounts and disclosures. Actual results could differ from these estimates and assumptions. In particular, the impact of geopolitical events, such as imposed tariffs in the North American market, could materially impact customer and supplier arrangements, as well as interest and inflation rates, resulting in increased volatility and near-term uncertainty. Management has, to the extent reasonable, incorporated known facts and circumstances into estimates made, however actual results could differ from those estimates and those differences could be material. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

The Financial Statements are presented in United States dollars ("USD"), Enerflex Ltd. ("Enerflex" or the "Company") presentation currency, rounded to the nearest million except per share amounts or as otherwise noted. Transactions of the Company’s individual entities are recorded in their own functional currency based on the primary economic environment in which it operates. The Financial Statements are prepared on a going concern basis under the historical cost basis with certain financial assets and financial liabilities recorded at fair value. There have been no significant changes in accounting policies compared to those described in the annual consolidated financial statements for the year-ended December 31, 2024 except for the change as per note 1(c) below.

(c)

Change in Accounting Policies

Amendments to Current Accounting Policies

IAS 21 The Effects of Changes in Foreign Exchange Rates (“IAS 21”)

In August 2023, the IASB issued amendments to IAS 21 which specify how an entity should assess whether a currency is exchangeable and how to estimate the spot exchange rate when a currency is not exchangeable.

Under the amendment, a currency is considered to be exchangeable into another currency when an entity is able to obtain the other currency within a timeframe that allows for a normal administrative delay and through a market or exchange mechanism in which an exchange transaction would create enforceable rights and obligations. When a currency is not exchangeable, an entity estimates the spot rate as the rate at which an orderly transaction would take place between market participants at the measurement date that would reflect the prevailing economic conditions.


	F-5

An entity is required to disclose information that would enable users to evaluate when and how a currency's lack of exchangeability affects financial performance, financial positions, and cash flows of an entity.

The amendment is effective for annual periods beginning on or after January 1, 2025 and has been adopted by the Company. There was no adjustment that resulted from its adoption on January 1, 2025.

Note 2. Accounts Receivable and Unbilled Revenue

(a) Accounts Receivable

Accounts receivable consisted of the following:


	June 30, 2025			December 31, 2024


Trade receivables	$	413		$	400

Less: allowance for doubtful accounts		(11	)		(11	)


Trade receivables, net	$	402		$	389

Other receivables		15			9


Accounts receivable	$	417		$	398

Aging of trade receivables:


	June 30, 2025		December 31, 2024


Current to 90 days	$	330	$	308

Over 90 days		83		92


Trade receivables	$	413	$	400

(b) Unbilled Revenue

Movement in Unbilled Revenue was as follows:


	Six months ended			Twelve months ended
	June 30, 2025			December 31, 2024
Opening balance	$	159		$	309
Unbilled revenue recognized		366			766
Amounts billed		(351	)		(753	)
Transfer to other assets		-			(161	)
Currency translation effects		2			(2	)
Closing balance	$	176		$	159

Current unbilled revenue	$	174		$	157
Non-current unbilled revenue		2			2
Total unbilled revenue	$	176		$	159


F-6 Notes to the Interim Condensed Consolidated Financial Statements

Note 3. Energy Infrastructure Assets

The Company’s EI assets are comprised of Build-Own-Operate-Maintain (“BOOM”) assets and contract compression assets which are leased to client partners. At the inception of a lease contract, all leases are classified as either an operating lease or a finance lease in accordance with IFRS.

(a)

EI Assets – Operating Leases

EI assets under lease arrangements that are classified and accounted for as operating leases are stated at cost less accumulated depreciation and impairment losses. The estimated useful lives of these assets are generally between five and 30 years.

A reconciliation of the changes in the carrying amount of EI assets is as follows:


	Six months ended			Twelve months ended
	June 30, 2025			December 31, 2024
Cost
Balance, January 1	$	1,059		$	1,142
Additions		40			59
Disposals1		(7	)		(119	)
Currency translation effects		11			(23	)
Total cost	$	1,103		$	1,059
Accumulated depreciation
Balance, January 1	$	(346	)	$	(278	)
Depreciation charge		(55	)		(111	)
Impairment		-			(1	)
Disposals1		2			27
Currency translation effects		(9	)		17
Total accumulated depreciation	$	(408	)	$	(346	)
Net book value	$	695		$	713

1 During the three months ended March 31, 2024, disposals include reclassification of a BOOM asset from an operating to a finance lease as a result of a contract modification.

Depreciation of EI assets - operating leases included in COGS for the three and six months ended June 30, 2025, was $29 million and $55 million (June 30, 2024 - $30 million and $56 million).

During the three and six months ended June 30, 2025, the Company recognized $50 million and $100 million of revenue related to operating leases in its Latin America (“LATAM”) and Eastern Hemisphere (“EH”) segments (June 30, 2024 – $58 million and $111 million), and $37 million and $74 million of revenue related to its North America (“NAM”) contract compression fleet (June 30, 2024 – $35 million and $71 million).

A summary of the carrying amount of EI assets by reporting segment is as follows:


EI assets - operating leases	June 30, 2025		December 31, 2024
NAM	$	295	$	286
LATAM		175		185
EH		225		242
Closing balance	$	695	$	713


	F-7

(b)

EI Assets - Finance Leases Receivable

Lease arrangements for certain EI assets are considered finance leases when the risks and rewards of ownership are transferred to the lessee, which generally occurs in the following circumstances: ownership of the lease is transferred to the lessee by the end of the lease term; the lessee has the option to purchase the leased asset at a price that is sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception date, that option will be exercised; the term of the lease is for the major part of the economic life of the asset; or the present value of the lease payments amounts to substantially all of the fair value of the asset.

The majority of Enerflex's finance leases, which are primarily attributable to the EH reporting segment, have an initial term ranging from five to 10 years.

A summary of the gross and present value of future lease payments to be received under the Company's finance leases is shown below:


	Minimum lease payments and unguaranteed residual value						Present value of minimum lease payments and unguaranteed residual value
	June 30, 2025			December 31, 2024			June 30, 2025		December 31, 2024
Less than one year	$	50		$	49		$	48	$	49
Between one and five years		186			188			148		145
Greater than five years		45			54			26		44
	$	281		$	291		$	222	$	238
Less: Unearned interest revenue		(59	)		(53	)		-		-
Closing balance	$	222		$	238		$	222	$	238


	Six months ended			Twelve months ended
	June 30, 2025			December 31, 2024
Opening balance	$	238		$	204
Additions1		-			87
Interest revenue		9			22
Payments (principal and interest)		(25	)		(73	)
Other		-			(2	)
Closing balance	$	222		$	238

1During the three months ended March 31, 2024, additions included the conversion of a BOOM asset, which was previously accounted for as an operating lease, to a finance lease as a result of a contract modification.

The Company recognized non-cash selling profit related to the commencement of finance leases of nil for the three and six months ended June 30, 2025 (June 30, 2024 – less than $1 million and $3 million).

The average interest rates implicit in the leases are fixed at the contract date for the entire lease term. At June 30, 2025, the average interest rate was 7.6% per annum (December 31, 2024 – 7.6%). The finance leases receivable at the end of the reporting period were neither past due nor impaired.


F-8 Notes to the Interim Condensed Consolidated Financial Statements

Note 4. Inventories

Inventories consisted of the following:


	June 30, 2025		December 31, 2024
Direct materials	$	115	$	85
Repair and distribution parts		97		94
Work-in-progress		75		62
Equipment		17		17
Total inventories	$	304	$	258


	June 30, 2025		December 31, 2024
WIP related to EI assets - finance leases receivable	$	91	$	35

COGS includes inventory write-downs pertaining to obsolescence and aging, and recoveries of past write-downs upon disposition. The net change in inventory reserves charged to consolidated statements of earnings (loss) and included in COGS for three and six months ended June 30, 2025 was $1 million and $2 million (June 30, 2024 - $1 million and $1 million).

The cost related to construction of EI assets determined to be finance leases are accounted for as work-in-progress related to finance leases. Once a project is completed and enters service it is classified to COGS.

Note 5. Other Assets

Other assets comprise of the following:


	June 30, 2025		December 31, 2024
Project asset	$	161	$	161
Investment in associates and joint ventures		28		26
Redemption option		29		17
Prepaid deposits		7		5
Total other assets	$	225	$	209

Note 6. Deferred Revenue

Changes in deferred revenue were as follows:


	Six months ended			Twelve months ended
	June 30, 2025			December 31, 2024

Opening balance	$	386		$	319

Cash received in advance of revenue recognition		274			1,067

Revenue subsequently recognized		(256	)		(996	)

Currency translation effects		2			(4	)


Closing balance	$	406		$	386



Current deferred revenue	$	395		$	375

Non-current deferred revenue		11			11


Deferred revenue	$	406		$	386


	F-9

Note 7. Long-Term Debt

Long-term debt is comprised of USD denominated Senior Secured Notes (the "Notes") and the three-year secured revolving credit facility (“RCF”) with both USD and Canadian dollar ("CAD") components.

Composition of the borrowings on the Notes and RCF were as follows.


	Maturity Date	June 30, 2025			December 31, 2024
Notes	October 15, 2027	$	563		$	563
Drawings on the RCF	October 13, 2026		154			191
			717			754
Deferred transaction costs and Notes discount			(38	)		(46	)
Long-term debt		$	679		$	708

Non-current portion of long-term debt			679			708
Long-term debt		$	679		$	708

The Notes have a maturity date of October 15, 2027 and bear interest at 9.0% per annum payable semi-annually in arrears.

The RCF has a maturity date of October 13, 2026 (the "Maturity Date"). The Company's limit under the RCF is $800 million, which may be increased by $50 million at the request of the Company, subject to the lenders’ consent.

Subsequent to June 30, 2025, Enerflex entered into an agreement to extend the maturity date of its RCF by three years to July 11, 2028, the availability remained unchanged at $800 million.

As part of the RCF, the Company can request issuance of up to $150 million in letters of guarantee, standby letters of credit, performance bonds, counter guarantees, import documentary credits, country standby letters of credit, or similar credits to finance the day-to-day operations of the Company. As at June 30, 2025, the Company utilized $87 million of this $150 million limit. The Company has an additional $70 million unsecured credit facility (“LC Facility”) with one of the lenders in its RCF. This LC Facility allows the Company request the same forms of credits as under the RCF. This LC Facility is supported by performance security guarantees provided by Export Development Canada. As at June 30, 2025, the Company had utilized $29 million of the $70 million available limit.

The weighted average interest rate on the RCF for the three months ended June 30, 2025 was 6.0% (December 31, 2024 - 7.4%). At June 30, 2025, without considering renewal at similar terms, the USD equivalent principal payments due over the next five years are $717 million, and nil thereafter.

The Company is required to maintain certain covenants on the RCF and the Notes. As at June 30, 2025, the Company was in compliance with its covenants, as shown below:


		For the six months ended June 30,
	2025				2024
	Requirement	Performance			Performance
Senior secured net funded debt to EBITDA ratio1 – Maximum	2.5x		0.2	x	0.5x
Bank-adjusted net debt to EBITDA ratio2 – Maximum	4.0x		1.3	x	2.2x
Interest coverage ratio3 – Minimum	2.5x		5.4	x	3.9x

1 Senior secured net funded debt to EBITDA is defined as borrowings under the RCF less cash and cash equivalents, divided by trailing 12-month EBITDA as defined by the Company’s lenders.

2 Bank-adjusted net debt to EBITDA is defined as borrowings under the RCF and Notes less cash and cash equivalents, divided by the trailing 12-month EBITDA as defined by the Company’s lenders.

3 Interest coverage ratio is calculated by dividing the trailing 12-month EBITDA, as defined by the Company’s lenders, by interest expense over the same timeframe.


F-10 Notes to the Interim Condensed Consolidated Financial Statements

Note 8. Share Capital

The Company is authorized to issue an unlimited number of common shares without par value. Share capital comprises only one class of ordinary shares, carrying one voting right and one right to a dividend.

Changes in share capital were as follows:

Issued and Outstanding


	Six months ended June 30, 2025						Twelve months ended December 31, 2024

	Number of common shares			Common share capital			Number of common shares		Common share capital


Opening balance		124,143,179		$	505			123,956,865	$	504

Exercise of stock options		309,849			2			186,314		1

Shares repurchased - NCIB		(1,875,000	)		(6	)		-		-


Closing balance		122,578,028		$	501			124,143,179	$	505

Enerflex announced on March 28, 2025 that the Toronto Stock Exchange ("TSX") approved the Company's application to implement a Normal Course Issuer Bid ("NCIB") for a portion of its common shares. Under the NCIB, the Company is authorized to acquire up to a maximum of 6,159,695 common shares or approximately 5% of its public float as at the application date, for cancelation.

The NCIB commenced on April 1, 2025 and will terminate no later than March 31, 2026. Purchases under the NCIB will be made in accordance with applicable regulatory requirements at a price per common share representative of the market price at the time of acquisition.

Enerflex entered into an automatic share purchase plan ("ASPP") with its designated broker that allows for the purchase of common shares during quarterly predetermined blackout periods and other periods when Enerflex may be in possession of material undisclosed information and would not ordinarily be permitted to purchase common shares. Purchases under the ASPP are determined by the designated broker in its sole discretion based on purchasing parameters set by Enerflex when Enerflex is not in blackout and in accordance with the rules of the Toronto Stock Exchange (“TSX”), applicable securities laws and the terms of the ASPP. Outside of the periods noted above, purchases under the NCIB will be completed at Enerflex's discretion and pursuant to the terms of the ASPP, as may be amended from time to time in accordance with the terms of the ASPP. All common shares purchased under the NCIB will be canceled. The Company intends to fund the purchases out of its available resources.

During the three months ended June 30, 2025, the Company repurchased 1,899,200 common shares and cancelled 1,875,000 of those common shares. The shares were purchased at a volume weighted average price of CAD $10.08 per common share for a total of $14 million. Contributed surplus was reduced by $8 million, which represents the excess of the purchase price of the common shares over their carrying value.

Note 9. Contributed Surplus

Contributed surplus consists of accumulated stock options less the fair value of the exercised options at the grant date, reclassified to share capital, and repurchase of shares through the NCIB.

Changes in contributed surplus were as follows:


	June 30, 2025			December 31, 2024


Opening balance	$	678		$	678

Exercise of stock options		(1	)		-

Shares repurchased - NCIB		(8	)		-


Closing balance	$	669		$	678


	F-11

Note 10. Revenue

Revenue by product line was as follows:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Energy Infrastructure ("EI")	$	147	$	141	$	300	$	370
After-Market Services ("AMS")		124		127		244		248
Engineered Systems ("ES")		344		346		623		634
Total revenue	$	615	$	614	$	1,167	$	1,252

Revenue by geographic location, which is based on destination of sale, was as follows:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
United States	$	277	$	255	$	523	$	537
Canada		88		92		164		151
Argentina		46		40		103		76
Oman		31		32		63		157
Nigeria		33		40		61		58
Australia		17		15		35		33
Mexico		18		18		34		31
Brazil		15		16		29		31
Bahrain		14		10		29		21
Mozambique		21		-		21		-
Others		55		96		105		157
Total revenue	$	615	$	614	$	1,167	$	1,252

For the six months ended June 30, 2025, the Company had no individual customer which accounted for more than 10% of its revenue (June 30, 2024 – nil).

The following table outlines the Company’s unsatisfied performance obligations, by product line, as at June 30, 2025:


	Less than one year		One to two years		Greater than two years		Total
EI	$	447	$	324	$	691	$	1,462
AMS		89		33		67		189
ES		1,181		39		7		1,227
Total	$	1,717	$	396	$	765	$	2,878

Note 11. Selling, General and Administrative Expenses

SG&A expenses comprise of costs incurred by the Company to support the business operations that are not directly attributable to the production of goods or services.


	Three months ended June 30,			Six months ended June 30,
	2025		2024	2025	2024
Core SG&A1	$	52

Enerflex Ltd. 6-K