Badger Q2 FY26 net earnings rise 21% to $22.47 million; revenue climbs 23% to $257.1 million

• Badger Infrastructure Solutions posted Q2 revenue of $257.1 million, up 23% year over year; net earnings rose to $22.47 million.
• Adjusted EBITDA (non-IFRS) climbed 25% to $66.13 million; adjusted EBITDA margin widened 0.4 percentage points to 25.7%.
• Revenue per truck per month rose 14% to $47,731; hydrovac truck count increased to 1,822.
• Issued CAD 300 million of 5.375% senior unsecured notes due May 14, 2031; repurchased 33,303 shares for $1.5 million under the NCIB.
• Expects 2026 fleet growth at the high end of its 7%–10% plan; targets total capital spend of $188 million–$230 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Badger Infrastructure Solutions Ltd. published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.