Jewett-Cameron Swings to $5.2M Net Loss in First Half of Fiscal 2026

Jewett-Cameron Trading Company Ltd., a specialty building materials and industrial products distributor, reported a net loss of $5.19 million for the six months ending February 28, 2026, compared with a net loss of $1.23 million in the same period a year earlier. The loss per share widened to $1.48 from $0.35. Read more earnings reports.

Revenue for the first half of fiscal 2026 rose 4.7% to $19.19 million from $18.32 million in the prior-year period. The top line gain was driven by the company's industrial wood products segment, which generated $16.52 million compared with $16.37 million a year earlier, while the lawn, garden, pet, and other segment contributed $2.68 million versus $1.95 million.

Operating losses deepened to $4.90 million from $1.63 million as cost of revenue surged to $18.62 million from $14.81 million, compressing gross profit to $570,332 from $3.51 million. Operating expenses climbed to $5.47 million from $5.14 million, with selling, general, and administrative costs rising to $2.84 million from $1.75 million.

For the three months ending February 28, 2026, the company reported a net loss of $1.25 million, or $0.35 per share, compared with a loss of $573,094, or $0.16 per share, in the same quarter last year. Quarterly revenue increased 16.4% to $10.54 million from $9.05 million.

Cash flow from operations showed an outflow of $1.85 million for the six-month period, an improvement from the $4.36 million outflow a year earlier. The company drew $2.17 million from financing activities during the period, compared with no financing cash flow in the prior year.

Total assets stood at $21.88 million as of February 28, 2026, down from $25.48 million at the end of fiscal 2025. Cash and cash equivalents increased to $546,614 from $226,213 at fiscal year-end, while inventory declined sharply to $9.60 million from $15.89 million. Accounts receivable rose to $6.52 million from $3.86 million.

Stockholders' equity fell to $15.59 million from $20.78 million at the end of fiscal 2025, driven by the accumulated losses. The company had 3.52 million shares outstanding as of February 28, 2026.

*As of August 31, 2025 (fiscal year-end)