BluMetric Announces Q1 2026 Financial Results

About this update from Blumetric Environmental Inc.

Ottawa, Ontario--(Newsfile Corp. - February 25, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, announces its financial results for the fiscal quarter ended December 31, 2025. Consolidated Financial Highlights "We started this fiscal year with a record revenue quarter before taking into full consideration our largest acquisition to date," stated Scott MacFabe, CEO of BluMetric Environmental Inc. "BluMetric has hit another milestone as we take advantage of key investments to capitalize on secular tailwinds within our Military, Mining, and Caribbean markets. This diversified approach, along with the integration of DS Consultants, is expected to help us achieve a solid balance of Professional Services and WaterTech revenues, while giving us a platform for organic growth and improved profitability." Business Highlights and Outlook In the fiscal quarter, BluMetric saw revenue growth (45% increase year-over-year) while remaining within its target gross margin range. The revenue growth was mainly driven by the acquisition of DS Consultants, the production of the Rheinmetall Mission Ready Water systems, and higher activity in the Company's Mining market. This was growth offset by a slight decrease in revenues from WaterTech USA (Gemini Water) as the entity transitions to higher volume, smaller projects after completing the flagship St. Kitts Bird Rock facility. The Company recognized $1.5 million of revenue from DS Consultants as the acquisition closed on December 10, 2025. The winter months are historically a slower period for DS Consultants. BluMetric will see full contribution in fiscal Q2 2026 and onward and aims to support the acquisition's progressive annual EBITDA targets of $4.0, $5.0, and $6.0 million over the next three years, respectively. The Military market revenues increased by 225% due to the production of the Rheinmetall contract and these systems are expected to be fully delivered in fiscal Q3 2026. Canada's recently announced Defence Industrial Strategy presents a unique opportunity for BluMetric to capitalize on the country's larger-scale commitments and emphasis on procurement from Canadian firms. Furthermore, Mining revenues increased by 72% due to increased industry a...

View stock analysis, news, and events for Blumetric Environmental Inc.