Core Insights - DIRTT Environmental Solutions Ltd. reported financial results for Q4 and the full year 2025, showing a revenue increase and strategic developments aimed at transformation and growth [1][2][3]. Financial Performance - Q4 2025 revenue was $50.9 million, a 4% increase from $48.9 million in Q4 2024, aligning with guidance expectations [2][4]. - Gross profit for Q4 2025 was $18.6 million, representing a gross profit margin of 36.6%, up from 35.9% in Q4 2024 [5]. - The net loss after tax for Q4 2025 was $3.7 million, compared to a net income of $4.0 million in Q4 2024 [16]. - Adjusted EBITDA for Q4 2025 was $6.2 million, or 12.1% of revenue, an improvement from $5.5 million or 11.2% of revenue in Q4 2024 [17]. Strategic Developments - The company appointed Scott Robinson as Executive Chairman and Adrian Zarate as Chief Transformation Officer to drive its transformation plan [2][19]. - DIRTT entered into a financing agreement with the Business Development Bank of Canada for up to C$15 million, with C$5.5 million received to date [2][3]. - A normal course issuer bid was renewed, allowing the company to acquire up to 9,593,878 common shares [2]. Operational Insights - Sales and marketing expenses decreased to $5.4 million in Q4 2025 from $5.8 million in Q4 2024, while general and administrative expenses increased to $8.0 million from $5.1 million [6][7]. - The company recognized a one-time impairment expense of $2.3 million related to the early termination of a lease at its former manufacturing facility [13]. - DIRTT's liquidity stood at $32.1 million as of December 31, 2025, down from $39.3 million a year earlier [2][20]. Future Outlook - The company anticipates revenue for 2026 to be between $194.0 million and $209.0 million, with Adjusted EBITDA expected between $26.0 million and $31.0 million [3][25]. - The broader macroeconomic environment remains supportive, with indicators such as the Dodge Momentum Index showing positive trends [18].

CALGARY, Alberta, Feb. 18, 2026 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, announced today that it will release its fourth quarter 2025 financial results on Wednesday, February 25, 2026, after markets close. Webcast Information:In conjunction with the release, the executive team has scheduled a conference call to discuss the company’s results. The call will be broadcast live v ...

CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has entered into a support and standstill agreement (the "Support Agreement") with 22NW Fund, LP ("22NW"), DIRTT's largest shareholder, and 726 BF LLC and 726 BC LLC (collectively, the "726 Entities"). Pursuant to the terms of the Support Agreement, DIRTT has appointed Jeremy Gold, Managing Director, Briger ...

Core Insights - DIRTT Environmental Solutions Ltd. is experiencing increased commercial activity as customers transition from planning to execution in various sectors including healthcare, public sector, and workplace environments [1] - The Dodge Momentum Index rose by 7.0% in December 2025, indicating improved planning indicators and shorter project timelines, with projects moving through planning in approximately 16 months compared to 18 months earlier in the year [2] - DIRTT's recent engagements include a significant project worth over $7 million with U-Haul and collaborations with notable clients such as Google Toronto and the Texas Department of Public Safety, reflecting a customer focus on flexibility, speed, and execution certainty [3][4] Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to create adaptable interior environments [4] - The company's solutions are designed for various markets including workplace, healthcare, education, and public sector, offering total design freedom and greater certainty in cost, schedule, and outcomes [4]

Core Insights - DIRTT announced changes in its executive leadership team, with Rich Hunter departing and Aaron Merkin joining as Chief Technology Officer, effective January 12, 2026 [1][2] Leadership Changes - Rich Hunter played a crucial role in improving DIRTT's manufacturing processes, including safety enhancements and defect reduction [2] - Aaron Merkin brings extensive technology leadership experience from various sectors, including private equity and Fortune 500 companies, and will focus on advancing DIRTT's technology to optimize operations and enhance customer value [2][3] Technology and Innovation - DIRTT is recognized as a technology-enabled manufacturer, which differentiates it from competitors [3] - The company's proprietary ICE software facilitates precise project planning and real-time changes, reducing waste and accelerating timelines [3] - DIRTT was named number one in Manufacturing by Fast Company in 2025 for its technology-driven approach [3] Company Overview - DIRTT specializes in industrialized construction, providing adaptable interior environments for various sectors, including workplace, healthcare, education, and public markets [4] - The company's system offers design freedom and greater certainty in cost, schedule, and outcomes, allowing organizations to reconfigure spaces as needs evolve [4]

Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the early termination of its lease at the former Rock Hill manufacturing facility, effective December 30, 2025, which is expected to lead to significant cost savings and operational optimization [1][2][3]. Group 1: Lease Termination Details - DIRTT entered into a Lease Termination and Release Agreement with PDM US, LLC, relieving the company of future rent obligations in exchange for a reduced early termination fee of $1.0 million [2]. - The original lease for the Rock Hill facility was a 15-year build-to-suit agreement executed in 2019, but the facility was permanently closed in September 2023 [3]. - As of November 30, 2025, DIRTT's remaining rent obligations under the lease were estimated at approximately $10.5 million on an undiscounted basis [3]. Group 2: Financial Implications - The lease termination is expected to deliver recurring annual cost savings of $1.6 million starting in January 2026 [3]. - The company anticipates recognizing a one-time, non-cash impairment expense related to leasehold improvements of approximately $2.3 million, which will negatively impact reported results in the current period [3]. - The right-of-use asset related to this lease was valued at $5.9 million, while the lease liability was $7.7 million as of September 30, 2025 [3]. Group 3: Operational Strategy - The lease termination is part of DIRTT's broader operational initiatives aimed at rationalizing its real estate footprint and optimizing business operations [3]. - DIRTT operates a multi-facility manufacturing footprint across North America, with specialized facilities in Calgary, Alberta, and a major production plant in Savannah, Georgia [4].

Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the renewal of its Normal Course Issuer Bid (NCIB) to enhance shareholder value through opportunistic share repurchases [1][2]. Group 1: Renewed NCIB Details - The Renewed NCIB will commence on December 22, 2025, and will terminate on December 21, 2026, following the expiry of the current NCIB [1]. - Under the Renewed NCIB, DIRTT is authorized to repurchase up to 9,593,878 Common Shares, which is 5.0% of the issued and outstanding shares as of December 8, 2025 [2]. - The daily purchase limit is set at approximately 25% of the average daily trading volume, which is 35,669 Common Shares over the last six months [2]. Group 2: Prior NCIB Performance - Under the Prior NCIB, DIRTT purchased 1,749,974 Common Shares at a volume-weighted average price of C$0.95, representing approximately 3.89% of the issued shares as of December 9, 2024 [3]. - Additionally, DIRTT acquired 3,920,844 Common Shares directly from NGEN III, LP, which counted towards the maximum repurchase limit under the Prior NCIB [3]. Group 3: Repurchase Plans - DIRTT plans to implement an Issuer Repurchase Plan Agreement (IRPA) and an Automatic Repurchase Plan Agreement (ARPP) in connection with the Renewed NCIB [4]. - The ARPP will allow for share repurchases during regulatory black-out periods, provided DIRTT is not in possession of material non-public information [4]. - All purchases made under the IRPA and ARPP will count towards the total number of shares repurchased under the Renewed NCIB [4]. Group 4: Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, education, and public [8]. - The company's solutions are designed to offer flexibility and adaptability, allowing organizations to reconfigure spaces as their needs evolve [8].

Core Insights - DIRTT reported steady late-year commercial activity, supported by accelerating customer decision-making and consistent project volume [1] - The company secured over $15 million in orders in November from clients including Visa, Bechtel Corporation, PGA Superstore, and ExxonMobil, indicating strong momentum with blue-chip clientele [2] - The Dodge Momentum Index increased by 35% year-to-date, reflecting a broader market trend of increased planning activity in the interior construction industry [3] - CEO Benjamin Urban noted that customer decision-making has accelerated, positively impacting current activity and the outlook for 2026 [4] Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to create adaptable interior environments [4] - The company's solutions are designed for various sectors, including workplace, healthcare, education, and public markets, offering flexibility and certainty in cost, schedule, and outcomes [4]

Core Viewpoint - DIRTT Environmental Solutions Ltd. has entered into a letter agreement with the Business Development Bank of Canada for a loan of up to C$15.0 million to optimize its capital structure and support its growth plan [1][2]. Loan Details - The loan consists of an initial disbursement of C$10.0 million and a secondary disbursement of C$5.0 million, with an interest rate of BDC's floating base rate (currently 6.55%) minus 0.75% [3]. - Monthly principal repayments will begin in May 2026, with interest-only payments due at the end of each month following the first disbursement, and the loan matures on April 30, 2032 [3]. Security and Guarantees - The loan is secured by a general security agreement granting a first-ranking security interest in specific equipment and other personal property, along with a guarantee from DIRTT Environmental Solutions, Inc. for the full loan amount [4]. - Additional security includes a landlord's waivers of distraint and a first readvanceable mortgage of US$5.0 million on the land and buildings located at 325 North Wells Street, Chicago, IL [4]. Use of Proceeds - The proceeds from the loan are intended to partially refinance the Company's outstanding 6.00% convertible debentures due January 31, 2026, with the remaining C$1.6 million to be repaid using cash on hand [5]. Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, education, and public markets [6].

Core Insights - DIRTT Environmental Solutions Ltd. has announced two strategic short-term appointments to enhance its transformation strategy, with Scott Robinson as Executive Chairman and Adrian Zarate as Chief Transformation Officer, effective November 26, 2025 [1] Group 1: Leadership Changes - Scott Robinson, who has been on the Board since April 2022 and Chairman since June 2024, will now coordinate the execution of the strategic plan and oversee transformation initiatives [2] - Adrian Zarate, a Board member since July 2025, will step down from the Corporate Governance and Compensation Committee and resign from his position at 22NW Fund to focus on his role as Chief Transformation Officer [3] Group 2: Strategic Focus - The transformation process has successfully supported an expanded revenue strategy and established a strong foundation for growth, with the next phase focusing on business process optimizations for long-term success [4]