Algoma net earnings rise 8.2% to CAD 35.59 million in FY26 Q2; revenue increases to CAD 258.27 million

• Algoma posted Q2 net earnings of CAD 35.59 million, up 8.22% year over year, as revenue climbed 21.99% to CAD 258.27 million.
• Operating earnings rose 29.1% to CAD 45.4 million, while GAAP EBITDA increased 13.13% to CAD 82.11 million.
• Domestic Dry-Bulk revenue increased 17% to CAD 144.89 million, while Product Tanker revenue rose 32% to CAD 55.61 million.
• Ocean Self-Unloaders revenue grew 26% to CAD 57.17 million; the Pool agreement was amended late in the quarter, lifting Algoma’s share to 50%.
• Algoma extended its senior secured credit facilities to May 2031, raising CAD 72 million and US 78 million through new senior secured notes.

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. Algoma Central Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260807102745) on August 07, 2026, and is solely responsible for the information contained therein.