Vertex Resource Group Posts $8.9 Million Adjusted EBITDA as Q3 Net Revenue Reaches $52.2 Million

Vertex Resource Group reported net revenue of $52.2 million and adjusted EBITDA of $8.9 million for the third quarter ended September 30, 2026, with adjusted EBITDA up 23.5% from a year earlier. The company said in its Newswire release that net income was $0.8 million, an improvement of $1.9 million from 2025.

Vertex's Third Quarter Profit and Cost Gains

Vertex, a Sherwood Park, Alberta-based environmental and industrial services provider founded in 1962, reported gross revenue of $57.1 million for the quarter, compared with $54.0 million a year earlier. Profit margin was $13.8 million, or 26%, against $12.8 million, or 25%, in 2025.

Environmental Consulting net revenue rose 12.2% over the prior period. General and administrative expenses fell 11.7% year-over-year even as net revenue increased by $1.8 million, and adjusted EBITDA per share, basic and diluted, was $0.08, compared with $0.06.

For the nine months ended September 30, 2026, net revenue was $152.6 million and adjusted EBITDA was $23.9 million, up 27.5% year-over-year. Net income for the period was $0.4 million, an increase of $7.2 million from a net loss in 2025. Environmental Consulting net revenue rose 9.2% over the nine months, and G&A expenses fell to 10.2% of net revenue, down $1.4 million from 2025.

Vertex's Full-Year Revenue Base

According to akta.pro company records, Vertex reported annual gross revenue of $219.5 million and adjusted EBITDA of $24.1 million for the year ended December 31, 2025. The same records show revenue of $229.97 million in 2024, a 6.99% decline from $247.26 million in 2023.

Vertex's Second Quarter Earnings

Vertex reported second-quarter 2026 net revenue of $51.2 million and a profit margin of 28.4%, up from 24.3% in 2025, according to Newswire. Adjusted EBITDA rose 43.8% year-over-year to $9.2 million, and net income was $1.0 million.

Vertex's 2027 Demand Outlook

Vertex said management expects positive momentum to continue for the remainder of 2026 and that demand is broadening across industrial, mining, infrastructure and energy customers. The company said customers are planning larger programs for 2027, with new industrial and municipal contracts, higher committed volumes from existing customers and mining expansion projects in Saskatchewan, Alberta and Ontario already in place. Vertex said it expects the activity under way, together with longer-term investment programs, to support continued improvement from 2027 through 2031.