Q3 2026 SRx Global Inc Earnings Call Transcript

Aug 13, 2026 / 08:30 PM GMT

Release Date Price: $1.83 (-0.54%)

Transcript 8-K10-Q

Key Points

Positve

Completed the acquisition of EMJX, strengthening the company's strategic capabilities in digital asset management and AI-driven trading models.
Ended the quarter with a highly liquid, debt-free balance sheet, including $36.7 million in cash equivalents and restricted cash, and $62.9 million in net asset value.
Halo's supply chain fill rates recovered to 98% in June, leading to a record Prime Day performance with a 13% year-over-year increase in new-to-brand consumers.
Operating expenses were reduced by 52% year-over-year, and the loss from operations improved by 63%, demonstrating significant cost discipline and operational efficiency.
The EMJX strategy model demonstrated strong risk management, with a maximum drawdown of approximately 10.6% versus benchmark comparators ranging from 28% to 58% negative.
The Board declared a one-time cash dividend and authorized a share repurchase program of up to 10 million shares, signaling confidence in the company's financial position and commitment to returning capital to shareholders.

Negative

The company's stock performance remains weak, with a significant gap between the current market capitalization and the reported net asset value, causing shareholder frustration.
The EMJX strategy model's reported performance is hypothetical and not actual trading results, with only two weeks of data since the acquisition close, making it too early to assess real-world effectiveness.
Halo's gross margin remains low at 27%, and while improvement initiatives are underway, the company acknowledges significant work remains to drive sustainable revenue growth and profitability.
The company is still in early-stage discussions with institutional counterparties for EMJX commercialization, with no material developments or revenue generation yet.
No share repurchases have been made under the authorized program to date due to a blackout period, delaying the intended capital return to shareholders.
The company continues to report GAAP net losses, with a net loss from continuing operations of $4.1 million, though improved year-over-year, indicating ongoing challenges in achieving profitability.

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

SRXH.A - SRx Global Inc
Q3 2026 SRx Global Inc Earnings Call
Aug 13, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the SRX GlobalLink Fiscal Third Quarter 2026 Conference Call. Please note this event is being recorded. I would now like to turn the conference over to Volto Pinto, Head of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good afternoon, everyone, and welcome to the SRX Global Fiscal Third Quarter 2026 Financial Results Conference Call. Joining me today are Kent Cunningham, Chief Executive Officer Eric Jackson, President of EMJX and Head of Asset Management and Nina Martinez, Chief Financial Officer. I'd like to

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