Dirtt Environmental Solutions Ltd. ( (DRTTF) ) has released its Q2 earnings. Here is a breakdown of the information Dirtt Environmental Solutions Ltd. presented to its investors.
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DIRTT Environmental Solutions Ltd., based in Calgary, Alberta, is a leader in industrialized construction, offering adaptable interior environments for sectors such as healthcare, education, and the public sector. The company is known for its innovative approach to interior construction, providing flexibility and design freedom.
In the second quarter of 2025, DIRTT reported a revenue of $38.9 million, marking a 6% decrease from the same period in 2024. The company’s gross profit margin also saw a decline, attributed mainly to increased tariffs on Canadian aluminum exports to the United States. Despite these challenges, DIRTT remains focused on its growth strategies, including revenue expansion and product innovation.
Key financial metrics for the quarter included a net loss after tax of $6.6 million, a significant drop from a net income of $0.6 million in the previous year. The adjusted EBITDA was reported at a loss of $2.0 million, compared to a positive $3.2 million in the second quarter of 2024. The company’s liquidity stood at $31.1 million, reflecting a decrease from the end of 2024.
Looking ahead, DIRTT’s management remains optimistic about the company’s growth trajectory, despite ongoing macroeconomic challenges. The introduction of new products and expansion into new market sectors are expected to contribute to a stronger twelve-month pipeline. The company anticipates a return to positive adjusted EBITDA by the fourth quarter of 2025, as it continues to implement strategies to mitigate tariff impacts and focus on operational excellence.