Q2 2026 Pudo Inc Earnings Call Transcript
Key Points
- PUDO Inc (PDPTF) reported a significant revenue increase of about 72% for the second quarter of 2026.
- Cash operating income was up by approximately 115% compared to the same quarter last year.
- The company's returns business, which is the largest segment, saw an increase of more than 100% in volume.
- PUDO Inc (PDPTF) expanded its network with a 52% increase in PUDOpoints, now totaling over 1,800 locations in the US and Canada.
- The company announced exciting partnerships with Annex Brands and GoLocker, enhancing their market presence in the US.
- The third-party logistics business declined by nearly 100% as PUDO Inc (PDPTF) phased out this segment.
- The connect business was negatively impacted by tariffs between Canada and the United States, affecting about 2% of the business.
- US PUDOpoints generate significantly less revenue compared to Canadian PUDOpoints, due to limited service offerings in the US.
- The company is not currently developing new services, which may limit future growth opportunities.
- US-based revenue accounts for only about 15% of total revenue, indicating limited market penetration in the US.
Good morning, everyone. This is Elliot Etheridge, CEO and Board member. And also with us today is Karen Speight, who's our Director of Administration. Next slide, please. And next slide. If you will take a moment to review the forward-looking statement disclaimer. A lot of the conversations we'll be having today will be based on factual information, but it will also potentially include projections and forecasts and expectations of the future, which may or may not be realized. And the next slide.
For our second-quarter, 2026, we are, again, very happy to report a very significant increase in revenue of about 72%. This has continued a very strong trajectory that we've seen throughout the last three quarters. Again, as a reminder, PUDO is on a February fiscal year end, so the quarter that we're talking about is our 2Q 2026 ending August 31, 2025.
The growth that we've experienced has been largely due to this addition of a significant new customer as well as increased share of wallet with some existing customers. On a cash
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