CEMATRIX Announces Record 2026 Second Quarter & 2026 First Half Financial Results

CEMATRIX Corporation announced the release of its consolidated financial results for the second quarter and first half ended June 30, 2026.

Select summary financial results Three months ended June 30 Six months ended June 30 ($ millions) 2026 2025 Change % 2026 2025 Change % Revenue 18.7 10.6 8.1 76% 26.0 17.3 8.7 50% Gross margin 6.6 4.1 2.5 61% 7.2 5.6 1.6 29% Gross margin % 35% 39% -4% -- 28% 32% -4% -- SG&A 2.2 2.4 (0.2) -8% 4.2 4.5 (0.3) -7% Operating income 4.3 1.8 2.5 139% 3.1 1.1 2.0 182% Adjusted EBITDA 5.0 2.4 2.6 108% 4.4 2.4 2.0 83% Cash flow from operations 4.8 2.4 2.4 100% 4.2 2.3 1.9 83% Earnings per share (in cents) 2.3 0.9 1.4 156% 1.6 0.3 1.3 433% Cash flow from Operations is before working capital adjustments. Adjusted EBITDA is a non-GAAP measure. The Company defines and provides the calculation for adjusted EBITDA in its MD&A. Earnings per share presented are basic earnings per share.

"We take a lot of pride in delivering on our commitments in all aspects of our business. We signalled to our key stakeholders that our second quarter ("Q2") would be a record and our business performed exactly as we indicated that it would - with a record-breaking second quarter and also a record first half ("H1") of the year. As we have shared many times with key stakeholders, our quarter-to-quarter results are influenced significantly by when large projects start and stop. We benefited in Q2 from two large projects / scopes of work that started and finished in the quarter. Consequently, we don't spend a lot of time comparing our business to previous quarters - we zoom out and focus on the whole year, and we remain on track to deliver another strong year of financial performance in 2026," stated Mr. Randy Boomhour, President and CEO of CEMATRIX.

"Our second quarter revenues were $18.7 million versus $10.6 million last year (a 76% increase) and our first half ("H1") revenues were $26.0 million versus $17.3 million last year (a 50% increase). Our gross margins in the second quarter were 35% versus 39% last year and our first half ("H1") gross margins were 28% versus 32% last year. Our gross margins are coming back in line with our expectations and our guidance. Our gross margins always improve with higher revenue volumes and through successful project execution. We also continue to see our cost structure changes show up positively, as our SG&A costs this quarter and YTD were lower compared to 2025. Our cashflow from operations (before changes in working capital) was $4.8 million in the quarter, another CEMATRIX record," continued Mr. Boomhour.

"Our balance sheet continues to be a very accurate reflection of our success. Our cash balance at the end of the second quarter was $16.2 million. Our current ratio is very healthy. We have no long-term debt. As revenue increases, we always experience a short-term investment in working capital which we expect to return to cash when our business experiences our annual seasonal slowdown. CEMATRIX continues to have very low leverage on our balance sheet and remains in an enviable financial position to execute on our strategy," stated Ms. Marie-Josée Cantin, CFO of CEMATRIX.

"We are now fully in construction season and expect to remain busy until winter starts. Our operations teams are working hard in the field operating safely and delivering on time, on budget and on quality solutions for our customers. Our sales teams are performing with over $26.2 million in new projects announced in the first six months of this year that have added to our backlog. Looking forward, we expect that our third quarter ("Q3") will be similar to our third quarter last year. The key message for our stakeholders is that we remain on track for a re...