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Jun 1, 2026 8:40 AM

Argo Corporation Reports First Quarter 2026 Financial Results

TORONTO, June 01, 2026 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV:ARGH) (OTCQX:ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, announced its financial results for the quarter ended March 31, 2026 ("Q1 2026"). All figures are in Canadian dollars unless otherwise noted.

The Company's Q1 2026 financial and business highlights included the following:

Revenue: Revenue from continuing operations increased by approximately 474% to $2.9 million in Q1 2026, compared to $0.5 million in Q1 2025.

Municipal Agreements: During the quarter, Argo successfully renewed and expanded its transit services agreement with the Town of Bradford West Gwillimbury and continued service delivery under its agreement with the City of Brampton.

Net Income: Net income from continuing operations was $1.0 million in Q1 2026, compared to a net loss from continuing operations of $1.7 million in Q1 2025. Net income in Q1 2026 included non-operating items.

Operating Loss: Operating loss from continuing operations was $1.2 million in Q1 2026, compared to $3.1 million in Q1 2025.

For detailed information, please refer to Argo's condensed interim consolidated financial statements ...