Maxim Power Corp. Announces 2026 Third Quarter Financial and Operating Results

CALGARY, Alberta, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the release of financial and operating results for the third quarter ended September 30, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM's website on November 5, 2026. All figures reported herein are Canadian dollars unless otherwise stated.

Three Months Ended September 30,Nine Months Ended September 30, ($ in thousands except per share amounts)2026202520262025 Revenue20,35527,22851,31968,907 Net income (loss)1,51710,620(1,743)14,272 Earnings (loss) per share – basic0.020.17(0.03)0.22 Earnings (loss) per share – diluted0.020.17(0.03)0.22 Adjusted EBITDA (()(1))6,44011,3879,78722,806 Total generation – (MWh)470,964454,2531,135,1551,283,772 Total fuel consumption – (GJ)3,773,8383,640,6349,308,80310,530,988 Average Alberta market power price ($ per MWh)35.5251.2932.3943.90 Average realized power price ($ per MWh)43.2259.9445.2153.68 Loans and borrowings---- Total net debt (net cash) (()(1))(38,778)(53,032)(38,778)(53,032) Total assets378,014375,278378,014375,278 Free cash flow (()(1))5,7156,609(11,070)15,067 ((1) Select financial information was derived from the consolidated financial statements and is prepared in accordance with GAAP, except certain non-GAAP measures including: free cash flow (“FCF”), adjusted Earnings before Interest, Income Taxes, Depreciation and Amortization (“Adjusted EBITDA”) and net debt, (see Non-GAAP Financial Measures below).)