Trading on the CSE under the symbol EWG, with revenue back to growth, gross profit up 74% in Q2 2026, and positive operating cash flow in the first half. The focus now: filling installed capacity, lowering the cost of capital, and funding growth at Belle Pulses.
Canadian Securities Exchange
Primary listing
United States
US market
Frankfurt Stock Exchange
European market
| Class of Securities | Outstanding | Exercise Price |
|---|---|---|
| Common shares | 186,000,366 | – |
| Net profits interest shares | NilAll 65,031,826 cancelled on closing of the October 2026 settlement | – |
| Warrants | 10,000,000 | $0.12 |
| Potential dilution eliminated in the October 2026 settlement | 65,031,826 shares | – |
As presented in the Company's current investor materials. Full details available in continuous disclosure filings on SEDAR+.
AGRION consolidated figures, fiscal years ended December 31. Belle Pulses, the operating subsidiary, reports separately on a July 31 fiscal year; its FY2025 sales were $55.6M.
| Audited (CAD) | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $53,161,556 | $54,337,795 | $60,356,959 |
| Cost of sales | $46,290,687 | $48,420,002 | $53,634,294 |
| Gross profit | $6,870,869 | $5,917,793 | $6,722,665 |
| Cash (as of most recent audited statements) | $6,613,534 | $4,642,700 | $4,276,888 |
Q2 2026 gross profit growth to $1,616,704, with revenue returning to year-over-year growth, up 13.5%.
Q2 2026 gross margin, up from 9.5% in Q2 2025; 15.2% for the first half.
Blended rate on $23.5M senior debt after cutting subordinated obligations from over $15M at 15.25% to $11M at 10%.
Positive cash flow from operations in H1 2026, the Company's seasonally slowest half.
See the Q2 2026 news release and the interim filings on SEDAR+ for complete results, and the Q1 2026 news release for Adjusted EBITDA and its reconciliation to IFRS measures.
High-interest debt refinanced, non-core assets divested (including the sale of the Company's equity interest in PataFoods for US$7 million), and filings brought fully current. Complete.
Deploy targeted capital to optimize core facilities, launch high-margin, value-added product lines, and significantly boost EBITDA and net income.
With ~50 years in the sector, the team knows exactly what to acquire and when, unlocking scalable assets and driving toward a large-scale platform.
In his August 2026 letter to shareholders, CEO Daniel Brody committed to a short, published list of metrics and to being held to them in public. These are the four.
The number that turns a fixed cost base into operating leverage. Facilities are currently running at roughly 42% of what they can physically handle, with a CAPEX plan in motion to fill them.
The test of whether AGRION remains a price setter rather than a price taker. Gross margin reached 14.6% in Q2 2026, up from 9.5% a year earlier.
Already moved once: subordinated obligations restructured from over $15M at 15.25% down to $11M at 10%, with the intent to keep moving it lower.
Whether the Company's value-added projects get built on time, and then actually get filled with the customer demand already asking for them.
Set out in the CEO's August 5, 2026 letter to shareholders. Progress against these metrics is updated as the Company reports each quarter.
Audited annual financial statements, interim filings and MD&A for fiscal 2023–2025 and all subsequent periods.
Open SEDAR+ → GovernanceAudit, Compensation and Governance Committee charters adopted by the Board on June 2, 2026.
View governance → PresentationThe Company's current investor presentation: operations, strategy, financial highlights and capitalization.
Get the deck →| Meeting date & time | Friday, October 9, 2026, 10:00 a.m. (Pacific Time) |
| Location | Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia |
| Record date (notice and voting) | August 21, 2026 |
| Type of meeting | Annual General Meeting of shareholders |
| Securities entitled to vote | Common shares |
Results: the Meeting was held on October 9, 2026, and shareholders approved all matters: the election of all four directors, the reappointment of CM3 Advisory as auditor, and the ratification of the Company's omnibus incentive plan. See the October 13, 2026 results news release.
Meeting materials were delivered under notice-and-access and remain available above and under the Company's profile on SEDAR+.
Join AGRION's investor mailing list, or reach investor relations directly at ir@agrion.ca / +1 (604) 340-4187.