Argo Corporation Reports Third Quarter 2025 Financial Results

Executive Summary

• Argo Corporation reported its Q3 2025 financial results, highlighting early revenue from new municipal Smart Routing™ deployments.
• The Company launched a $10.9 million, 12‑month service agreement with the City of Brampton and a successful deployment in Bradford West Gwillimbury that drove a 5.5× increase in monthly transit connections.
• An omnibus long‑term incentive plan granted 1,600,000 restricted share units to directors and officers, vesting in one year.

Key Details

• Financial Results: Q3 2025 results released (full figures available in the condensed interim consolidated financial statements filed on SEDAR+).
• City of Brampton Deployment: Launched November 2025 under a 12‑month agreement valued at $10.9 million; revenue to be recognized as service is delivered.
• Town of Bradford West Gwillimbury (BWG) Deployment: Initiated April 2025; within two months, average daily ridership more than doubled; by September 2025, monthly connections to Bradford GO Station increased 5.5× versus the prior 12‑month baseline.
• Metrolinx PRESTO Fare Integration: Agreement enables PRESTO fare devices on Argo’s X1 electric buses, allowing seamless fare transfers with Brampton Transit and GO Transit under Ontario’s One Fare Program.
• Sales Pipeline: Ongoing discussions with multiple municipalities and transit agencies to expand the Smart Routing™ system, driven by inbound inquiries from recent deployments.
• Incentive Grants: Issuance of 1,600,000 restricted share units to certain directors and officers under the omnibus long‑term incentive plan; all units vest after one year.

Notable Quotes

(No direct quotes included in the release beyond the CEO signature line.)