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Vertex Resource Group Ltd. Reports Second Quarter 2026 Results
Sherwood Park, AB, August 19, 2026 /CNW/ — (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the second quarter ended June 30, 2026. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the unaudited condensed consolidated interim financial statements of Vertex for the period ended June 30, 2026, which are available on SEDAR+ at www.sedarplus.ca.
During the first half of 2026, Vertex delivered a significant improvement in profitability, with Adjusted EBITDA(1) increasing year-over-year and profit margins expanding across the business. These results were driven by operational efficiencies, disciplined cost management, and strong performance in both the Environmental Consulting and Environmental Services segments.
Key financial results for the three and six months June 30, 2026, and 2025 are as follows:
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(in thousands of Canadian Dollars) |
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Less flow through subcontractor costs |
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Adjusted EBITDA per share, basic and diluted(1) |
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Earnings per share, basic and diluted |
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See “Non-IFRS Financial Measures” |
HIGHLIGHTS FOR THE THREE MONTHS ENDED JUNE 30, 2026
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Net revenue increased $1.0 million over prior period while G&A expenses decreased 7.6%.
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Profit margin improved to 28.4% of net revenue, up from 24.3% in 2025.
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Adjusted EBITDA(1) increased by $2.8 million, or 43.8%, compared to 2025, with Adjusted EBITDA(1) growth in both the Environmental Consulting and Environmental Services segments.
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Returned to profitability with net income of $1.0 million, representing a year-over-year improvement of $4.3 million.
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Free cash flow(1) increased to $4.6 million from $1.3 million in Q2 2025.
HIGHLIGHTS FOR THE SIX MONTHS ENDED JUNE 30, 2026
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Environmental Consulting net revenue increased by 7.8% compared to H1 2025.
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G&A expenses were reduced by 6.5% compared to H1 2025.
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Adjusted EBITDA(1) increased by $3.5 million, or 30.0%, compared to 2025.
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Finance costs were reduced by 9.3% year-over-year due to reduced debt levels.
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Free cash flow(1) increased by $4.3 million from H1 2025.
Vertex enters the second half of the year with positive momentum, supported by improved profitability, stronger operating margins, and continued customer requirements. The pricing actions taken across the Company’s service lines and the operational consolidation completed during 2025 are now reflected in Vertex’s cost structure, and Management expects the resulting margin improvement to be sustained through the balance of 2026.
