Business
Advantex Announces Q3 2026 Financial Results
Advantex Marketing International Inc. (CSE: ADX) ("Advantex" or the "Company") today announced its financial results for the third quarter and nine months ended March 31, 2026. All results are reported under International Financial Reporting Standards ("IFRS") and in Canadian dollars, unless otherwise specified.
About this update from Advantex Marketing International Inc.
[{"type":"text","content":"TORONTO, May 15, 2026 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex" or the "Company") today announced its financial results for the third quarter and nine months ended March 31, 2026. All results are reported under International Financial Reporting Standards ("IFRS") and in Canadian dollars, unless otherwise specified.","length":373,"tagName":"p"},{"type":"text","content":"Key Financial Highlights:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: Total revenue for Q3 2026 was $1.56 million, an increase of 48.6% from $1.05 million in Q3 2025. The growth was driven by continued expansion of the Company's merchant cash advance ("MCA") program and increased uptake of the MCA Aeroplan product.","length":269,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross Profit: Gross profit for Q3 2026 was $0.81 million, compared to $0.76 million in Q3 2025. The increase reflects higher revenues from both the MCA and Aeroplan programs, partially offset by increased bad debt provisioning in anticipation of economic uncertainties.","length":269,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA (before interest, taxes, depreciation and amortization): Income from operations before cash and non-cash interest expenses was $0.14 million, compared to $0.33 million in Q3 2025. The decrease primarily reflects increased investments in sales, marketing and administrative infrastructure to support business growth, along with higher provision for credit losses.","length":369,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Loss: Net loss for Q3 2026 was $0.43 million, compared to a net loss of $0.45 million in Q3 2025.","length":101,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1008,"olType":false},{"type":"text","content":"Merchant Cash Advance (MCA) Program:","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue from the MCA program was $0.85 million in Q3 2026, an increase of 63.8% from $0.52 million in Q3 2025.","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction credits (net of provisions) increased to $9.36 million at March 31, 2026, compared to $7.87 million at June 30, 2025.","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"Durin...