Advantex Marketing International reported on October 28 that annual revenue increased while its net loss widened, as credit-related costs weighed on its merchant-financing business.
In results released at 8:48 p.m. Eastern, the Canadian company said revenue for the fiscal year ended June 30, 2026, rose 35.8% to C$5.75 million. Its net loss increased to C$2.94 million from C$2.63 million a year earlier. All figures are in Canadian dollars.
Gross profit increased to C$3.46 million from C$3.02 million, but margins fell in both its Merchant Cash Advance and Aeroplan marketing programs. Delinquent-account provisions and credit and collection expenses in the cash-advance business rose to C$890,251 from C$149,748.
The company reported a working-capital deficiency of approximately C$3.76 million and a shareholders’ deficiency of approximately C$15.14 million at June 30. It said its audited financial statements disclose material uncertainties that may cast significant doubt on its ability to continue as a going concern.
Advantex identified merchant repayments, funding availability and operating cash needs among its continuing challenges.
Sources Advantex Marketing International — Fiscal 2026 Results (October 28, 2026): https://www.newswire.ca/news-releases/advantex-announces-fiscal-2026-financial-results-856952996.html