Badger Delivers 23% Organic Revenue Growth and 25% Adjusted EBITDA Growth in the Second Quarter of 2026

Calgary, Alberta--(Newsfile Corp. - July 30, 2026) - Badger Infrastructure Solutions Ltd. (TSX: BDGI) ("Badger", the "Company", "we", "our" or "us") reported second quarter results today. All results are presented in U.S. dollars unless otherwise stated.

2026 SECOND QUARTER HIGHLIGHTS * The Company achieved revenue of $257.1 million, up 23% from $208.2 million in the second quarter of 2025. * Adjusted EBITDA((1)) improved to $66.1 million, up 25% from $52.7 million in the second quarter of 2025. * Revenue per truck per month ("RPT")((1)) was $47,731, an increase of 14% from $41,867 in the second quarter of 2025. * The Company purchased 33,303 common shares under its normal course issuer bid ("NCIB") at a weighted average price per share of CAD$63.04 for a total of $1.5 million. * During the quarter, the Company issued CAD$300.0 million of 5.375% senior unsecured notes due May 14, 2031. * The Company's board of directors has approved a quarterly cash dividend of CAD$0.195 per common share for the third fiscal quarter of 2026, to all shareholders of record at the close of business on September 30, 2026, with payment to be made on or after October 15, 2026. * The Company intends to file a notice of intention to renew its NCIB with the Toronto Stock Exchange pursuant to which the Company may acquire common shares for cancellation. "The Badger team built on our considerable momentum from Q1, delivering results that reflect the strength of our utilities and infrastructure end markets. This includes the construction of large greenfield projects such as LNG plants, new power generation facilities, data centers, as well as airport expansion projects and U.S. manufacturing facilities being re-shored, to name a few. We met this demand through increased utilization and continued fleet expansion. Second quarter revenue grew 23% to a record $257.1 million and Adjusted EBITDA increased 25% to a record $66.1 million. The team's ability to deliver top tier customer service across all of our geographies is setting the foundation for the remainder of 2026," said Rob Blackadar, President & Chief Executive Officer.