Canlan Sports Delivers Strong Q3 Results with Significant Revenue Growth
Key Highlights
- ➤Q3 revenue $22.8 million, up 8.1% year over year
- ➤Q3 operating earnings $1.2 million versus $0.4 million operating loss
- ➤Q3 net loss narrowed to $1.0 million, or $0.08 per share
- ➤Nine-month operating earnings rose 18.2% to $11.9 million
- ➤Quarterly dividend increased from $0.03 to $0.04 per share
- ➤Debt renewal extends maturities through Q3 2030
Expert Statements
Joey St-Aubin, President and CEO of Canlan Sports
“Our third-quarter results reflect the strength of our core business and the continued demand for the recreational experiences we deliver across our markets.”
Joey St-Aubin, President and CEO of Canlan Sports
“Strong participation in our youth and adult hockey leagues, tournaments, camps and instructional programs contributed to 8% revenue growth, while disciplined cost management and operating efficiencies drove a meaningful improvement in profitability.”
Joey St-Aubin, President and CEO of Canlan Sports
“What is particularly encouraging is the momentum we are carrying into the final quarter of the year, with strong registrations across our core programs and continued investment in our facilities and customer experience.”
Joey St-Aubin, President and CEO of Canlan Sports
“The recently completed building refresh and parking lot improvements at Canlan Sports Winnipeg have been particularly well received by customers.”
Joey St-Aubin, President and CEO of Canlan Sports
“As we look ahead to 2027, our focus remains on maximizing the potential of our existing assets, introducing new experiences that attract and engage customers, and executing on the strategic growth opportunities that will position Canlan Sports for long-term success.”
Ivan Wu, CFO of Canlan Sports
“The recent increase in our quarterly dividend from $0.03 to $0.04 per share reflects the Board's confidence in the Company's financial position and our commitment to shareholder returns.”
Ivan Wu, CFO of Canlan Sports
“In addition, we have accepted terms to renew our long-term debt package that was set to mature starting September 2027.”
Ivan Wu, CFO of Canlan Sports
“The renewed debt package will extend the maturity date out Q3 2030 and will provide greater long-term financial stability and flexibility, allowing us to remain focused on executing our strategic priorities, investing in our facilities and supporting the continued growth of our business.”
Burnaby, British Columbia--(Newsfile Corp. - November 13, 2026) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation", "Canlan" or "Canlan Sports") today reported its financial results for the third quarter ended September 30, 2026.
Overview of Q3 2026 * Total operating revenue of $22.8 million increased by $1.7 million or 8.1% compared to a year ago; * Net loss for Q3 was $1.0 million or $0.08 per share compared to net loss of $2.5 million or $0.19 per share in 2025; * Operating earnings was $1.2 million compared to an operating loss of $0.4 million in 2025; and * The major renovation at Canlan Sports Winnipeg began in 2025 and was substantially complete by the end of Q3. The project included a new parking lot, a fully renovated building façade and front entrance, and complete roof remediation. Three Months and Nine Months Ended September 30, 2026 Results
Get started
Create a free account to read the full story.