- Progressive Planet (TSXV:PLAN) reported a record fiscal Q1 2026, ending July 31, 2025, driven by increasing demand across all major categories
- Results are highlighted by record net income of C$1,597,712, up by 328 per cent year-over-year
- Progressive Planet combines clean technology and manufacturing into innovative agricultural, animal-care and low-carbon cement products available in more than 10,000 retail locations across North America
- The environmental and industrial stock has added 166.67 per cent year-over-year
Progressive Planet (TSXV:PLAN) reported a record fiscal Q1 2026, ending July 31, 2025, driven by increasing demand across all major categories.
This content has been prepared as part of a partnership with Progressive Planet Solutions Inc., and is intended for informational purposes only.
Here are the highlights:
- Record net income of C$1,597,712, up by 328 per cent year-over-year (YoY).
- Record revenue of C$5,914,187, up by 27 per cent YoY.
- Record gross profit of C$2,276,982, up by 46 per cent YoY.
- Gross margin of 38.5 per cent, up from 33.5 per cent YoY, thanks to controlling fixed costs while increasing revenue.
- Long-term debt repayment of C$412,839, continuing a consistent downtrend.
The standout quarter follows a turn into profitability in fiscal 2025 with record cash flow and net income, following four straight years of losses.
Steve Harpur, Progressive Planet’s chief executive officer, attributes the turnaround to a collective effort, stating that “all the credit is due to our team of 60 people working in unison to grow shareholder value while making products that we are all proud of.”
As per Friday’s news release, investors can sign up for a webinar with Harpur on September 17 to learn more about the company’s fiscal 2025 and fiscal Q1 2026 results.
About Progressive Planet
Progressive Planet, based in Kamloops, British Columbia, leverages owned mineral assets and recycled materials to develop innovations that promote a healthier planet. These include agricultural, animal-care and low-carbon cement products available in more than 10,000 retail locations across North America.
Progressive Planet stock (TSXV:PLAN) last traded at C$0.24. The stock has added 166.67 per cent year-over-year.
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