Canaf Investments reported C$17.65 million of revenue for the nine months ended July 31, 2026, compared with C$20.79 million a year earlier, while its balance sheet and book value continued to strengthen.
Net income attributable to shareholders was C$1.25 million, down from C$1.82 million.
Gross margin declined to 12.5% from 14.4%, reflecting lower sales volumes and margins at Southern Coal. Canaf Reports Financial Results…
Quarterly performance improved sequentially.
Third-quarter revenue increased to C$6.03 million from C$5.40 million in the second quarter, and management expects sales volumes to increase further during the fourth quarter.
Trailing 12-month earnings per share stood at C$0.039 as of July 31.
Shareholders’ equity attributable to Canaf investors increased to C$16.71 million from C$14.76 million at the October 2025 fiscal year-end.
Book value per share reached a record C$0.352, representing growth of approximately 13% during the first nine months of the year and 40% since October 2024.
Canaf ended the period with C$10.46 million in cash and C$13.97 million of working capital. Canaf Reports Financial Results…
The company is also diversifying outside its traditional anthracite operations.
Rental income at Canaf Estate Holdings increased 34%, while Canaf Capital generated C$244,796 of investment income.
Urbanhold began trading at its first two self-storage locations during the third quarter and is initially focused on establishing operating performance before pursuing further expansion.
Canaf’s industrial assets include Quantum Screening and Crushing, which owns 70% of Southern Coal.
Following an August 31 acquisition, Canaf also owns 100% of Carbon Reductant Solutions, which produces high-carbon calcined anthracite or char.
Its broader investment portfolio includes Canaf Estate Holdings, Canaf Agri, Canaf Capital, and a 50% stake in Urbanhold.
