BluMetric Announces Q2 2026 Financial Results

About this update from Blumetric Environmental Inc.

Delivered 15% quarterly revenue growth in its seasonally weakest fiscal quarter for Professional Services along with strong order bookings and visibility for WaterTech Ottawa, Ontario--(Newsfile Corp. - May 27, 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 March 31, 2026. Q2 2026 Select Financial Highlights(in CA$ thousands, unaudited)   "We were able to deliver 15% revenue growth during our seasonally weakest revenue quarter in the fiscal year for Professional Services," stated Scott MacFabe, CEO of BluMetric Environmental Inc. "Our goal for the remaining fiscal year is to deliver on our growth plan and achieve operating leverage from recent investments. We expect to see significantly higher revenue generation from Professional Services as they enter the Spring season and have strong order bookings and visibility from our WaterTech business." Business Highlights and Outlook In the fiscal quarter, BluMetric saw revenue growth (15% increase year-over-year) and improvements to its gross margin by 400 basis points. The revenue growth was mainly driven by the acquisition of DS Consultants (impact of $3,893), the production of the Rheinmetall Mission Ready Water systems, and higher activity in the Company's Government market. This was growth offset by lower utilization in Professional Services (including DS Consultants) due to a longer winter season and seasonality, impacting activity levels. In addition, WaterTech USA (Gemini Water) saw lower revenues as the entity executed on the completion and commissioning phase of several projects where revenue is primarily driven by onsite revenues and lower component and parts sales. As evidenced by recent contract announcements, WaterTech USA has a strong pipeline and has recently showcased its flagship St. Kitts Bird Rock facility at a key Caribbean water conference. The Company plans to double its U.S. manufacturing footprint to 50,000 sq. feet to accommodate existing market demand. The Military market revenues increased by 78% due to the production of Rheinmetall systems and are expected to be fully delivered by the end of fiscal Q3 2026. The Company has secured several contracts to back...

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