Andrew Peller Limited Reports Financial Results for First Quarter of Fiscal 2026

Core Insights - Andrew Peller Limited reported a 25% year-over-year increase in EBITA for the first quarter of fiscal 2026, driven by improved margins, profitability, and free cash flow [3][10] - The company achieved a gross margin of 42.4%, up from 38.4% in the previous year, attributed to lower costs and government support [7][8] - Net earnings for the quarter were $4.6 million, compared to a net loss of $0.4 million in the same period last year [13] Financial Performance - Revenue for the three months ended June 30, 2025, was $99.2 million, slightly down from $99.5 million in Q1 2025 [8] - Selling and administrative expenses as a percentage of revenue increased to 26.1% from 25.5%, primarily due to timing of expenditures [9] - Interest expense decreased by 14.8% compared to the prior year, reflecting lower average debt levels and interest rates [11] Operational Highlights - The company initiated the sale of non-core assets in British Columbia, completing the sale for proceeds of $1.3 million [14] - The Ontario Government's support program contributed $2.1 million to the company's financial performance in the first quarter [7] - The company continues to focus on cost savings programs, which have positively impacted margins and profitability [3][6]