Annual Financial and Operating Highlights
Revenue of $17.6M & $62.6M, representing a 17% and 12% increase, period over period, for the three and twelve months ended December 31, 2025;
Acquisition of Truss-Worthy Construction Systems Inc. ("Truss-Worthy") expanding Company's footprint in Ontario;
Acquisition of Penn-Truss Manufacturing Inc. ("Penn-Truss") expanding the Company's national footprint to Saskatchewan, Canada;
Difficult market conditions in Ontario & BC, better market conditions in Prairies and Martimes where affordability is better.
Hadi Abassi, President, CEO & Founder of AEP, stated, "In 2025, we achieved strong top-line growth, with annual revenues rising by 12% and fourth quarter revenues increasing by 17%. This success was fueled by both acquisitions and ongoing organic growth across our product lines. Even with particularly tough market conditions in Ontario and British Columbia—impacted by high home prices, political factors, and changing tariff announcements—we were able to boost revenues and grow our market share. The acquisitions of Truss-Worthy and Penn-Truss have extended our national reach, and our first truss robotic facility in Clinton is nearing completion, expected to begin operations in early July. We are now concentrating on integrating these new operations, enhancing our sales capabilities, and using automation and scale to improve efficiency and gain additional market share in a competitive landscape."
Q4 Results
QUARTERLY SELECTED FINANCIAL RESULTS
Three Months Ended
Dec 2025
Dec 2024
Revenue from the Business
$17,645,972
$15,069,615
Cost of Sales
14,062,942
11,477,838
Gross Profit
3,583,030
3,591,777
Gross Margin %
20 %
24 %
Operating Expenses
2,766,925
2,902,331
Operating Income
816,105
689,446
Net Loss After Adjustments and Taxes
(686,098)
(838,728)
Adjusted EBITDA
2,353,296
2,218,483
Adjusted EBITDA Margin %
13 %
15 %
Normalized EBITDA
2,371,866
2,238,681
Normalized EBITDA Margin %
13 %
15 %
Revenue for the three months ended December 31, 2025 was $17,645,972 compared to revenue of $15,069,615 for the three months ended December 31, 2024, representing a 17% increase. Revenue has increased due to acquisitive growth for the quarter.
Gross profit for the three months ended December 31, 2025 was $3,583,030 compared to $3,591,777 for the three months ended December 31, 2024. Gross profits decreased slightly due to increased cost of sales combined with the competitive market. The Company regularly analyses the benefits of revenues and gross margins in order to determine whether to reduce margins in order to generate more revenues and increase market share. Additionally, the Company acquired two new acquisitions that are not fully integrated as of the three months ended December 31, 2025.
Net loss after taxes was $686,098 for the three months ended December 31, 2025 compared to net loss after taxes of $838,728 for the three months ended December 31, 2024. This improvement in net loss after taxes was mainly due to increased revenues, but offset by a reduction in gross margins driven by a competitive market and several expenses related to acquisitions and the automation facility that could not be capitalized, such as legal fees, travel costs, appraisals, etc. These are all impacting the net loss for the period but are added back for normalized EBITDA.
Non-IFRS measure normalized EBITDA for the three months ended December 31, 2025 was $2,371,866 compared to $2,238,681 in normalized EBITDA ...
