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Earnings

SSC Security Services Corp. Announces Record Q1 FY2026 Revenues, Up 14.7%

By The Northwire Desk — AI Analysis Feb 10, 2026 · 17:00 SECU · 2.3 SSC Security Services Corp.
SECU · Price

Executive Summary

  • SSC Security Services Corp. reported record Q1 FY2026 revenue of C$33.5 million, up 14.7% year‑over‑year.
  • Adjusted EBITDA remained stable at C$1.1 million ($0.06 per share), while adjusted net income fell to C$0.4 million ($0.02 per share).
  • The company finished the quarter debt‑free with C$8.6 million in cash and a strong working capital position of C$25.1 million.

Key Details

  • Revenue: C$33,536 k (Q1 2025) vs. C$29,195 k (Q1 2024), +14.7%.
  • Cost of Sales: C$28,429 k (2025) vs. C$24,387 k (2024).
  • Gross Profit: C$5,107 k (2025) vs. C$4,808 k (2024); gross margin 15.2% vs. 16.5%.
  • Adjusted EBITDA: C$1,063 k (2025) vs. C$1,171 k (2024); $0.06 per share both periods.
  • Adjusted Net Income: C$358 k (2025) vs. C$606 k (2024); $0.02 per share vs. $0.03 per share.
  • Comprehensive Net Loss: C$(8) k (2025) vs. C$(125) k (2024); loss per share $0.00 vs. $0.01.
  • Dividends: 37th consecutive quarterly dividend paid, $0.03 per share.
  • Balance Sheet Highlights (31‑Dec‑25):
  • Cash & cash equivalents: C$8,568 k ($0.47 per share).
  • Accounts receivable: C$26,723 k.
  • Working capital: C$25,092 k.
  • Total assets: C$82,497 k; total liabilities: C$21,677 k; shareholders’ equity: C$60,819 k.
  • No long‑term debt.
  • Share Count: 18,264 k common shares outstanding (down from 18,546 k).
  • Outlook: Management expects continued demand growth, potential acquisitions to accelerate expansion, and plans to maintain dividend payouts while staying debt‑free.

Notable Quotes

“Our first quarter results were strong, delivering the highest quarterly revenues in the Company's history… We continue to be well capitalized and debt‑free.” – Doug Emsley, Chairman & CEO

All figures are presented in Canadian dollars unless otherwise noted.

Read the original news release →

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