Progressive Planet FY2026 revenue rises 19% to CAD 23.2 million on recovered diatomaceous earth supply, new US retail SKUs, company says
Reuters2026/08/26 22:02- For fiscal 2026, revenue rose 19% to CAD 23.2 million, driven by recovered White Lake Earth supply and new Pure DE SKUs.
- Gross profit increased 37% to CAD 8.31 million; gross margin widened to 36% from 31% on higher volumes, partly offset by freight.
- Operating income fell 8% to CAD 1.64 million as selling costs jumped 55% to CAD 2.07 million on a one-time slotting fee.
- R&D expense surged to CAD 1.56 million from 319,212, reflecting PozGlass pilot plant work and the Calgary cement lab launch.
- EBITDA declined 17% to CAD 2.68 million; adjusted EBITDA slipped 4% to CAD 3.42 million amid higher discretionary spending.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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