Verde AgriTech Q2 FY26 net loss widens to CAD 3.6 million; revenue falls 28.65% to CAD 3.4 million

Reuters2026/08/13 21:30

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Verde Agritech posts Q2 2026 net loss of CAD 3.6 million, widening from CAD 2.4 million a year earlier.
Revenue falls 28.65% to CAD 3.4 million, with sales volume down to 46,709 tons from 80,354 tons.
EBITDA (non-GAAP, before non-cash events) widens to a loss of CAD 1.2 million from a loss of CAD 182,000.
Books CAD 518,000 expected credit loss expense tied to a customer entering judicial reorganization in Brazil.
Forms Magnes Rare Earths as a wholly owned platform; targets NI 43-101 and S-K 1300 resource estimates before year-end 2026.

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. Verde Agritech Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131730PRIMZONEFULLFEED9809924) 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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Verde AgriTech Q2 FY26 net loss widens to CAD 3.6 million; revenue falls 28.65% to CAD 3.4 million

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