SSC Security Services Corp. Reports Q2 FY2026 Revenues of $32.0 Million, Up 15.5%

About this update from Ssc Security Services Corp.

REGINA, SK, May 28, 2026 /CNW/ - SSC Security Services Corp. ("SSC" or the "Company") (TSXV: SECU) (OTCQX: SECUF), a national provider of physical and electronic security services to commercial, industrial and public sector clients across Canada, today releases its financial results for the second quarter ended March 31, 2026. On May 26, 2026, SSC announced a definitive Arrangement Agreement with Allied Universal pursuant to which Allied Universal will acquire all issued and outstanding common shares of SSC for all-cash consideration of $4.4075 per share, representing a 119% premium to the closing price on May 25, 2026 (the "Transaction"). Concurrent with the Transaction, SSC's cyber security and legacy agriculture businesses will be sold to a corporation controlled by current and former senior management. See "Subsequent Event" below. All figures are presented in Canadian dollars. "SSC is continuing its profitable run this quarter. Our consistently strong results are a testament to the hard work of everyone at the company — and while that may sound cliché, in our case it is very true. You don't achieve organic growth of over 15% without a team that is committed to their work and to creating value for our shareholders. There are many changes and opportunities ahead for our employees as we move toward new ownership with Allied Universal in the coming months. It has been an honour to lead this team and to be part of building one of the best security services companies in Canada," said Chairman and CEO Doug Emsley. Key Highlights for Q2 2026: Key Performance Indicators for the comparable periods are summarized below: REVENUE, GROSS PROFIT & NET INCOME Revenues for the quarter ended March 31, 2026 were $32.0 million compared with $27.7 million during the quarter ended March 31, 2025, an increase of $4.3 million (revenue increase of 15.5%). The Company's revenue increase was fully driven by organic growth from internal operations. The company's long-term recurring monthly revenues remain strong. Gross profit for the quarter ended March 31, 2026 was $5.0 million (15.6%) compared to $4.5 million (16.1%) during the same quarter last year. Comprehensive net income for the quarter ended March 31, 2026 was $0.2 million (profit of $0.01 per share), compared to comprehensive net income during the sa...

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