Tenet Fintech Q2 2026 profit jumps as GoldRiver supply-chain orders ramp up under CHTL agreement, company says

• In Q2 2026, revenue rose to CAD 52.79 million from CAD 433,570; net profit was CAD 2.66 million versus a CAD 1.83 million loss.
• Management attributed the swing mainly to higher GoldRiver supply-chain volumes under the CHTL agreement, tied to stronger China construction activity.
• Cost of service and delivery climbed to CAD 47.36 million from CAD 142,500, reflecting procurement and delivery of materials under that framework.
• Lower overhead supported earnings, including salaries of CAD 692,426 versus CAD 1.41 million; professional fees of CAD 55,300 versus CAD 407,113.
• Working capital absorbed cash as receivables rose with late-quarter deliveries; management noted about 80% of those receivables were collected post-quarter.

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. Tenet Fintech Group Inc. published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.