Earnings

Goodfellow Reports Its Results for the Fourth Quarter and Fiscal Year Ended November 30, 2025 and Declares a Dividend

By The Northwire Desk — AI Analysis Feb 19, 2026 · 17:22 GDL · 12.14 GOODFELLOW INC.

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Goodfellow Inc. reported FY 2025 net earnings of $7.1 M ($0.86 per share), down from $13.4 M ($1.58) in FY 2024, while revenue grew 6.6% to $543.0 M.
Q4 2025 earnings were $3.2 M ($0.39 per share) versus $2.4 M ($0.29) a year earlier; Q4 revenue increased to $137.0 M from $124.2 M.
The Board declared an eligible dividend of $0.15 per share payable March 19, 2026.

FY 2025 Financial Highlights
Net earnings: $7.1 M (‑$6.3 M YoY) / $0.86 EPS (basic).
Revenue: $543.0 M (+$33.4 M, +6.6%).
Cost of goods sold: $439.5 M; SG&A expenses: $89.9 M.
Net financial costs: $4.0 M; Income taxes: $2.5 M.
Q4 2025 Financial Highlights
Net earnings: $3.2 M / $0.39 EPS (basic).
Revenue: $137.0 M vs. $124.2 M YoY.
Balance Sheet (Nov 30, 2025)
Total assets: $294.9 M; cash & equivalents: $3.8 M.
Bank indebtedness increased to $17.6 M (up from $5.9 M).
Trade and other payables: $42.6 M; lease liabilities (current): $6.5 M.
Cash Flow Summary
Operating cash flow: +$3.2 M (vs. –$0.9 M YoY).
Financing cash flow: +$4.8 M, driven by net increase in bank loans ($1.0 M) and CORRA loans ($16.0 M).
Investing cash flow: –$4.2 M, mainly PPE acquisitions ($3.6 M).
Dividend Declaration
Eligible dividend of $0.15 per share, payable March 19, 2026 to shareholders of record March 5, 2026.
Non‑Recurring Items
Integration costs from recently acquired U.S. lumber handling and kiln‑drying assets impacted earnings.
Presentation adjustment in Q4 2025 re‑classifying certain production expenses (no effect on net earnings).

(No direct quotes were provided in the release.)

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