Northwire Canada EditionMonday, October 19, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings

Cleantek Industries Inc. Reports Strong Third Quarter 2025 Results

By The Northwire Desk — AI Analysis Nov 17, 2025 · 17:06 CTEK · 0.455 Cleantek Industries Inc.
CTEK · Price

Executive Summary

  • Revenue grew 18% YoY to C$3.28 M, driven by higher equipment rentals and international sales.
  • EBITDA more than doubled (+105%) to C$1.14 M; adjusted EBITDA was flat year‑over‑year at C$0.99 M.
  • Net income swung to a profit of C$0.35 M from a loss of C$0.21 M in Q3 2024, reflecting stronger top‑line performance and lower non‑cash charges.

Key Details

  • Revenue: C$3,282 k (Q3 2025) vs. C$2,779 k (Q3 2024) – ↑ 18%.
  • Gross Profit: C$1,889 k; gross margin 58% (down from 62% due to mix shift and higher transportation costs).
  • EBITDA: C$1,135 k vs. C$553 k YoY – ↑ 105%; EBITDA margin ≈ 35%.
  • Adjusted EBITDA: C$985 k vs. C$1,006 k YoY – ↓ 2% (impacted by asset disposal gain/loss and unrealized FX).
  • Net Income: C$352 k profit vs. C$(211) k loss YoY – ↑ C$563 k.
  • EPS (basic & diluted): $0.01 per share versus $(0.01) last year.
  • Capital Expenditures: C$746 k in Q3 2025, up from C$114 k in Q3 2024 – reflecting accelerated investment in equipment and lighting assets.
  • Working Capital Deficit: (C$919 k) at September 30 2025, improved from (C$1,939 k) year‑end 2024.
  • Non‑Current Debt: C$7,145 k as of September 30 2025 (long‑term debt C$6,403 k + lease liabilities C$743 k).

Notable Quotes

“Our Q3 results again emphasize the strength of our business model and our ability to execute in what continues to be a softer North American market,” – Riley Taggart, President & CEO.

The release includes extensive non‑IFRS reconciliations, forward‑looking statements, and company background, which have been omitted for brevity.

Read the original news release →

More from Cleantek Industries Inc.

Jun 30, 2026 · 09:43

Cleantek's South America debut is a tactical footnote in a capital-intensive international build-out that the market is already discounting.

Production / Operations Jun 25, 2026 · 13:08

Financing facility secures execution runway, but FY26 guidance miss and margin compression keep the re-rate on hold.

Financings May 21, 2026 · 17:06

Cleantek Liquidity Improves Amidst Contract Execution Phase Despite Revenue Dip

Earnings Apr 30, 2026 · 13:24

Growth Acceleration Confirmed

Earnings Mar 20, 2026 · 15:51

Cleantek continues Halo SE Crown Mount manufacturing

Production / Operations Mar 20, 2026 · 09:01

Cleantek Provides Update on International HALO SE Contract

Production / Operations