Westaim Q2 FY26 net loss widens to $81.5 million; revenue rises to $14 million

Reuters2026/08/13 21:01

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Westaim posted a net loss of $81.5 million for Q2 2026, swinging from a $0.2 million loss attributable to controlling interests a year earlier.
Diluted loss per share widened to $2.45 from $0.01 in Q2 2025.
Insurance segment logged an adjusted EBITDA loss of $65 million; results reflected a $56.8 million reserve recognized on new annuity issuances.
Ceres generated $303 million of premiums in the quarter; invested assets rose to $445 million as of June 30, 2026.
Ceres CEO Deanna Mulligan will become strategic advisor; Erik Askelsen was promoted to president and named acting CEO.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Westaim Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260813058518) on August 13, 2026, and is solely responsible for the information contained therein.

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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Westaim Q2 FY26 net loss widens to $81.5 million; revenue rises to $14 million

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