Advantex Announces Q2 2026 Financial Results

Executive Summary

• Advantex reported Q2 2026 revenue of $1.28 M, up 41.7% year‑over‑year, driven by growth in its Aeroplan and Merchant Cash Advance (MCA) programs.
• Net loss widened to $0.84 M from $0.60 M in Q2 2025, primarily due to higher non‑cash interest expense on 9% and 12% debentures and increased transaction credit costs.
• The company secured extensions on its 9% 2025 debentures to Dec 31 2027 and obtained a new $20 M funding relationship to support MCA program expansion.

Key Details

• Revenue: $1.28 M (↑41.7% YoY vs. $0.90 M).
• Gross Profit: $0.70 M (vs. $0.57 M in Q2 2025).
• EBITDA: $0.02 M (down from $0.17 M YoY) – impacted by higher allowance for bad debt.
• Net Loss: $0.84 M (vs. $0.60 M YoY).
• MCA Program Revenue: $0.79 M (↑36.8% YoY).
• Transaction Credits (net of provisions): $9.37 M at Dec 31 2025 vs. $7.87 M at Jun 30 2025.
• Aeroplan Program Revenue: $0.49 M (↑50.5% YoY).
• Capital Management: Extended maturity on 9% debentures to Dec 31 2027; secured $20 M new funding line for small‑business financing (Oct 2025).
• Outlook: Anticipates continued growth in MCA and Aeroplan programs, expects inflation stabilization and potential interest‑rate reductions, but notes economic headwinds and possible need for additional capital.

Notable Quotes

(No direct quotes were provided in the release.)