Pollard Banknote Ltd (OTCPK:PBKOF)

Q1 2026 Pollard Banknote Ltd Earnings Call Transcript

May 14, 2026 / 12:30 PM GMT

Release Date Price: $11.87 (-6.61%)

Transcript

Key Points

Positve

Pollard Banknote Ltd (PBKOF) reported strong performance in its digital contracts, particularly in Kansas and Belgium.
The charitable gaming business exceeded expectations, driven by a rebound in Minnesota ETAB sales.
The onboarding of the California Primary Supply contract is progressing well, contributing positively to future order volumes.
The company has launched a Normal Course Issuer Bid (NCIB) to purchase up to 10% of its outstanding common shares, indicating confidence in its business strategy.
Pollard Banknote Ltd (PBKOF) expects its consolidated adjusted EBITDA for the second quarter of 2026 to exceed that of the comparable quarter in 2025.

Negative

The first quarter was challenging due to temporary issues in the instant ticket product line, affecting revenue and margins.
A significant mix change resulted in a lower overall average selling price for instant tickets in Q1 compared to the previous year.
Production inefficiencies and spoilage related to new products and processes negatively impacted margins.
Gross profit decreased significantly due to lower instant ticket sales margins and increased digital development resource costs.
Net income decreased to $3.5 million in Q1 2026 from $11.7 million in Q1 2025, primarily due to decreased gross profit and increased administration expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PBL.TO - Pollard Banknote Ltd
Q1 2026 Pollard Banknote Ltd Earnings Call
May 14, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. Welcome to the Pollard Banknote Limited First Quarter 2026 Results Conference Call.

Listeners are reminded that certain matters discussed in today's conference call or answers that may be given to questions asked could constitute forward-looking statements that are subject to risks and uncertainties related to Pollard's future financial or business performance.

Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements.

The risk factors that may affect the results are detailed in Pollard's annual information form and other periodic filings and registration

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