Titan Logix Corp. Reports Q1 Fiscal 2026 Financial Results

Executive Summary

• Titan Logix reported a material decline in Q1 FY2026 revenue to C$1.447 M, down 33% year‑over‑year, resulting in a net loss of C$0.34 M and basic/diluted loss per share of $0.01.
• Operating EBITDA swung from a positive C$663 K in Q1 FY2025 to an operating loss of C$73 K in Q1 FY2026, reflecting higher cost‑of‑sales ratio (59% vs 44%) and increased fixed costs.
• The company announced an integration partnership with Liquid Controls to embed its FINCH display with the LCRiQ register, expanding market reach into refined fuels and supporting future commercial rollout.

Key Details

• Revenue: C$1,447 K (‑33% vs C$2,160 K FY2025)
• Cost of Sales: C$860 K (59% of revenue, up 15% relative to prior year ratio)
• Gross Profit: C$588 K (down C$615 K; margin fell from 56% to 41%)
• Operating EBITDA: (C$73 K) vs +C$663 K FY2025; decline of C$736 K (‑111%).
• Adjusted EBITDA: (C$312 K) vs +C$330 K FY2025; decline of C$642 K (‑195%).
• Net Loss: C$340 K vs net income of C$246 K FY2025; loss per share $0.01 (basic & diluted).
• R&D Expenditures: C$282 K (down C$220 K YoY) after completion of certain development projects.
• Working Capital (Nov 30, 2025): C$13,880 K; Total assets C$17,149 K; Long‑term liabilities C$420 K; Equity C$15,937 K.
• Normal Course Issuer Bid (NCIB): Repurchased 1,218,500 shares at avg. $0.71 per share (≈69% of authorized repurchase amount).
• Partnership Announcement: Integration with Liquid Controls (custody transfer meter leader) to combine Titan FINCH display with LCRiQ register for automated fleet inventory management in refined fuels market.
• Future Outlook: Company will focus on commercial rollout, sales, installation, product training with OEM partners and launch broader marketing campaign targeting fleet operators in Q2 FY2026.

Notable Quotes

“We are excited to announce an integration partnership with a leading provider of custody transfer meters in the refined fuels market,” – Nick Forbes, CEO, Titan Logix Corp.
“The partnership strengthens our brand and provides new channels to market.” – Nick Forbes