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Vertex Resource Group Ltd. Reports Third Quarter 2026 Results
- VTX.V
- VRTX
SHERWOOD PARK, AB, Nov. 12, 2026 /CNW/ — (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the third quarter ended September 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 September 30, 2026, which are available on SEDAR+ at www.sedarplus.ca.
The first nine months of 2026 delivered improved profitability compared to last year. Both the Environmental Consulting and the Environmental Services segments have seen higher profit margins and Adjusted EBITDA(1) as operational efficiencies and cost management have resulted in a stronger bottom-line.
Key <a href="https://bitcomme.com/nu-holdings-ltd-reports-third-quarter-2026-financial-results/" title="Nu Holdings Ltd. Reports Third Quarter 2026 Financial Results“>financial results for the three and nine months ended September 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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(1) See “Non-IFRS Financial Measures” |
HIGHLIGHTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026
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Environmental Consulting net revenue increased 12.2% over prior period.
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G&A expenses decreased 11.7% year-over-year despite a $1.8 million increase in net revenue.
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Adjusted EBITDA(1) improved $1.7 million, or 23.5%, compared to 2025.
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Continued profitability with net income of $0.8 million, improving by $1.9 million compared to 2025.
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Environmental Consulting net revenue increased by 9.2% compared to 2025.
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G&A expenses reduced to 10.2% of net revenue, down $1.4 million from 2025.
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Adjusted EBITDA(1) increased in both operating segments, resulting in consolidated growth of 27.5% year-over-year.
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Net income of $0.4 million, increasing by $7.2 million from a net loss in 2025.
Management expects positive momentum to continue for the remainder of 2026 and allows the Company to be well placed as it heads into 2027. The margin and cost improvements delivered this year give the Company a solid base, and demand is broadening across its industrial, mining, infrastructure and energy customers.
