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Progressive Planet Smashes Q4 and Annual Revenue Records

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA/

KAMLOOPS, BC, Aug. 26, 2026 /CNW/ — Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”) is proud to provide highlights for the fiscal year ended April 30, 2026.

Financial Highlights include the following:

Q4 Revenue increased by 41.5% to $6,505,499 from $4,598,639 – the highest quarterly revenue achieved by the Company since inception.Annual Revenue increased by 18.9% to $23,200,596 from $19,518,077 – the highest annual revenue achieved by the Company since inception.Gross profit increased by 37% to $8,305,461 from $6,063,780, and gross margin increased to 36% compared to 31% for F2025.Income from operations decreased by 8% to $1,642,375, due to a significant one-time promotional expense in the current fiscal year and significant research and development costs at its PozGlass™ Pilot Plant.Cash and Cash Equivalents decreased to $2,247,720 versus $5,428,513 due to major investment in property, plant, and equipment assets, including $3,761,620 for a building extension and equipment for the PozGlass™ Pilot Plant.Existing credit facilities remain unused with greater than $3,000,000 in credit available as at April 30, 2026.

Three major factors reduced short-term profitability:

Selling expenses increased by $734,719 (55%) from $1,330,938 in F2025 to $2,065,657 in F2026. This was mainly due to investing in a one-time slotting fee to launch three new SKUs with a large US retail customer and higher personnel costs as the Company expanded its sales team in F2026.Research and development costs increased by $1,244,514 (390%), from $319,212 in F2025 to $1,563,726 in F2026. This increase was the result of the non-capital expenses associated with its PozGlass™ Pilot Plant, hiring a Chief Technical Officer, and opening a cement materials research Lab in Calgary to develop Progressive Planet’s second major cement, Planet LCD™.Impairment of exploration and evaluation assets increased from $24,059 in F2025 to $1,209,349 in F2026 as the Company wrote off a legacy exploration asset in the year.

“We are delighted to see a major increase in revenue for Q4 and the full year. This year, we invested a record $6.7 million into property, plant, and equipment. Much of the capital invested was for equipment that typically lasts for decades. We invested to enable aggressive growth of revenue in our core business while investing in the future via the PozGlass™ Pilot Plant. We will continue to invest heavily for future growth over the next year,” stated Steve Harpur, CEO.

An earnings call has been scheduled with Radius Research for 1:15 p.m. Pacific on September 9, 2026. Register for the call using the following link:

https://us02web.zoom.us/webinar/register/7517870893392/WN_BBqZjQItQNaj_CmWMrL0cg#/

About Progressive Planet:

Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.

Our two C-Quester™ Centres of Sustainable Solutions lead advancements in low-carbon cement technologies in both Kamloops, BC and Calgary, Alberta. Progressive Planet’s products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.

Progressive Planet provides regular information for investors on its website:  progressiveplanet.com/investors/. This includes press releases and other information about financial performance, patents filed, and information on corporate governance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

Disclaimer:
This news release, required by Canadian laws, does not constitute an offer of securities and is not for distribution or dissemination outside Canada.

SOURCE Progressive Planet Solutions Inc.

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Bloomberg 500 (B500) Index Adds Ten Securities Following September Reconstitution

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NEW YORK, Aug. 26, 2026 /PRNewswire/ — Bloomberg Indices announced the following changes to the Bloomberg 500 (B500) Index, effective prior to the open of trading on Thursday, September 10, 2026, to coincide with the September reconstitution of the index. The B500 contains 500 of the most highly capitalized US companies, weighted by float-adjusted market capitalization, representing more than USD 60 trillion in aggregate market capitalization.

Ten new firms will enter the index: Revolution Medicines Inc. (RVMD UW Equity), Flex Ltd. (FLEX UW Equity), Credo Technology Group Holding Ltd (CRDO UW Equity), Casey’s General Stores Inc. (CASY UW Equity), Sunbelt Rentals Holdings Inc. (SUNB UN Equity), Carpenter Technology (CRS UN Equity), Curtiss-Wright Corp. (CW UN Equity), ATI Inc. (ATI UN Equity), AerCap Holdings NV (AER UN Equity) and KeyCorp (KEY UN Equity).

The additions span the Industrials, Financials, Technology, Consumer Staples, Materials and HealthCare Bloomberg Industry Classification System (BICS) sectors, in descending order of representation. The additions of Flex Ltd. and Casey’s General Stores will double the representation of the Electronics Manufacturing Services/Original Design Manufacturer and Food & Drug Stores BICS sub-industries, respectively.

Thirteen firms will be removed from the index, with removals concentrated primarily in the Consumer Discretionary, Technology and Industrials BICS sectors. The removal of APIV PLC and Versigent PLC will result in the two securities currently representing the Auto Parts BICS sub-industry leaving the index.

Following is the list of membership changes:

Index
Event

Ticker

Security Name

BICS Sector

Addition

RVMD UW Equity

REVOLUTION MEDICINES INC

Health Care

Addition

FLEX UW Equity

FLEX LTD

Technology

Addition

CRDO UW Equity

CREDO TECHNOLOGY GROUP HOLDING LTD

Technology

Addition

CASY UW Equity

CASEY’S GENERAL STORES INC

Consumer Staples

Addition

SUNB UN Equity

SUNBELT RENTALS HOLDINGS INC

Industrials

Addition

CRS UN Equity

CARPENTER TECHNOLOGY

Materials

Addition

CW UN Equity

CURTISS-WRIGHT CORP

Industrials

Addition

ATI UN Equity

ATI INC

Industrials

Addition

AER UN Equity

AERCAP HOLDINGS NV

Financials

Addition

KEY UN Equity

KEYCORP

Financials

Deletion

FIG UN Equity

FIGMA INC-CL A

Technology

Deletion

WSO UN Equity

WATSCO INC

Industrials

Deletion

ERIE UW Equity

ERIE INDEMNITY COMPANY-CL A

Financials

Deletion

HUBS UN Equity

HUBSPOT INC

Technology

Deletion

APTV UN Equity

APTIV PLC

Consumer Discretionary

Deletion

DKNG UW Equity

DRAFTKINGS INC-CL A

Consumer Discretionary

Deletion

CSGP UW Equity

COSTAR GROUP INC

Real Estate

Deletion

DPZ UW Equity

DOMINO’S PIZZA INC

Consumer Discretionary

Deletion

PODD UW Equity

INSULET CORP

Health Care

Deletion

IT UN Equity

GARTNER INC

Technology

Deletion

TTD UQ Equity

TRADE DESK INC/THE -CLASS A

Communications

Deletion

MBGL UN Equity

MOBILITY GLOBAL INC

Industrials

Deletion

VGNT UN Equity

VERSIGENT PLC

Consumer Discretionary

To learn more about Bloomberg Indices, visit www.bloombergindices.com or {IN <GO>} on the Terminal. 

About Bloomberg Index Services Limited
Bloomberg’s index team has a proven track record in creating industry-leading and bespoke indices across asset classes, including their flagship fixed income, commodity and equity indices. BISL takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving investment needs. The indices, which are seamlessly integrated with other Bloomberg solutions, draw on a comprehensive range of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers’ products.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bloomberg-500-b500-index-adds-ten-securities-following-september-reconstitution-302860921.html

SOURCE Bloomberg

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abrdn Asia-Pacific Income Fund VCC (FAP) Provides Details on Trading Discount Redemption Trigger Calculation Methodology

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TORONTO, Aug. 26, 2026 /CNW/ — abrdn Asia-Pacific Income Fund VCC (TSX: FAP) (UEN: T21VC0235H) (the “Company”), a closed-end investment company trading on the Toronto Stock Exchange, is providing details on the methodology used to determine whether the Company’s Trading Discount Redemption Trigger has been met.

On March 14, 2025, shareholders approved amendments to the Company’s Constitution such that shareholders would be permitted to tender for redemption, when the redemption conditions are met, up to 100% of the outstanding shares. 

The redemption conditions are such that shares will be offered for redemption if the volume weighted average trading price of the Shares on the Toronto Stock Exchange during the 12-month period ending on the last Business Day of December of each year, represents a discount to the average daily net asset value per Share during such period greater than 12.0%.

The “volume weighted average trading price of the Shares” is determined using the Company’s daily closing Share price on the Toronto Stock Exchange, weighted by each day’s trading volume over the applicable 12-month measurement period.

The Company remains committed to maintaining clear and consistent communications with shareholders regarding its discount management mechanisms and other matters affecting shareholder value.

Important Information
Shareholders should not draw any conclusions about the Company’s investment performance from the amount of the Company’s current distribution. The amounts and sources of distributions set out above are estimates only and are not being provided for tax reporting purposes. The final determination of the source of all distributions made in 2026 will be made after the end of the 2026 calendar year. The actual amounts and sources of distributions for tax reporting purposes will depend on the Company’s results during the remainder of the calendar year and are subject to changes in applicable tax regulations. Information for tax reporting purposes will be provided to the Company’s shareholders on Form T5 in February 2027.

Shares of closed-end funds are listed for trading on national securities exchanges and are bought and sold in the secondary market. The market price of a fund’s shares is determined by supply and demand and may be greater than (a “premium”) or less than (a “discount”) the fund’s net asset value (NAV). A fund’s investment return and principal value will fluctuate, and investors may receive more or less than their original investment upon the sale of shares. There is no assurance that a fund will achieve its investment objective. Past performance is not indicative of future results.

The trading price of a closed-end fund’s shares may be influenced by various factors, including market conditions, investor sentiment, and other external forces, and is not directly controlled by the fund, its Board of Directors, or its investment adviser. As a result, shares may trade at a premium to or discount from NAV at any given time. A premium to NAV may not be sustained, and a discount to NAV may increase or decrease over time. Investors should consider these risks when purchasing or selling closed-end fund shares.

Shareholders whose fund shares trade at a premium to NAV and who participate in the fund’s dividend reinvestment plan should be aware that distributions may be reinvested at prices above NAV, which may adversely affect investment results.

About Aberdeen Investments
Aberdeen Investments and Aberdeen Investments Global are the registered marketing names in Canada for abrdn Canada Limited, and abrdn Investments Luxembourg S.A. abrdn Canada Limited (“abrdn”) is registered as a Portfolio Manager and Exempt Market Dealer in all provinces and territories of Canada as well as an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador.

Aberdeen Investments is among the world’s largest asset managers, with decades of experience overseeing closed-end funds dating back to the 1980s. As of June 30, 2026, the firm had approximately $527 billion in assets under management. Closed-end funds represent a core component of Aberdeen Investments’ client franchise in both the U.S. and global markets. Aberdeen and its affiliates currently manage 28 closed-end funds – 17 available in the U.S. and 11 outside the U.S. – totaling $28.3 billion in assets as of June 30, 2026.

SOURCE abrdn Asia-Pacific Income Fund VCC

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Pure Strategies Announces “Day of Action” Full Day Program during Climate Week NYC – September 23, 2026

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Leading Sustainability Consulting Firm to Bring a “Day of Action” to Help Companies Turn Climate and Nature into Measurable Business Value

GLOUCESTER, Mass., Aug. 26, 2026 /PRNewswire/ — Pure Strategies, a sustainability consulting firm empowering brands and retailers to realize meaningful environmental and social improvement, is offering a full day of workshops, panels, and small group discussions during Climate Week NYC. The “Day of Action” program, being held Wednesday, September 23, 2026, is designed to help companies advance climate and nature strategies and turn sustainability investment into measurable returns.

Pure Strategies “Day of Action” offers a variety of discussions and workshop sessions. The agenda includes leading companies and experts from Walmart, Ceres, Kenvue, King Arthur Baking Company, Nestle, Takeda, Taskforce on Nature-related Financial Disclosures (TNFD), Trillium Asset Management, World Wildlife Fund and others. The program also offers unique experiences throughout the day to connect attendees with peers and share ideas about the purpose and value of this work.

Day of Action Program Overview, see more details and how to register on the Pure Strategies website

Guided Nature Walk on the Highline with Cornell Lab of Ornithology
Start your Day of Action outdoors on the NYC Highline. Join Dr. Amanda Rodewald, Garvin Professor and Senior Director of Conservation Science at Cornell Lab of Ornithology and Cornell University, for a guided bird identification walk.

Breakfast with Sustainability Leaders: Integrating Climate and Nature to Minimize Risk and Build Resilience, organized by Pure Strategies and Ceres, exploring the business value of climate and nature programs.

Morning fireside chat with Jerome Del Porto, Vice President, Head of Sustainability, Walmart, followed by a panel session: Realizing Returns from Climate and Nature Strategies with Jennifer Duran, Global Head of Sustainability at Kenvue, Yann Wyss, Global Head of Public Affairs, Nestle, Kyle Cahill, Head, Global Environmental Sustainability Disclosure and Engagement, Takeda, and Sahas Apte, CFA, Portfolio Manager & Equity Research Analyst, Trillium Asset Management, and a representative from the Taskforce on Nature-related Financial Disclosures (TNFD).

Afternoon discussions and Interactive Workshop: Land Sector Actions for Climate, Nature, and Business Value will feature Karen Mo, Director, Nature Research and Partnerships, Food and Forest, Ceres, Suzanne McDowell, Vice President, Social & Environmental Impact, King Arthur Baking Company, Akiva Fishman, Director, Nature-based Solutions, Forests, World Wildlife Fund, and others. The workshop will focus on turning land sector goals into investable, scalable action.

The full Day of Action program will conclude with an evening Social Hour, with Billion Oyster Project, to wind down the day with fresh oysters and an opportunity to connect with peers, share ideas, and continue the conversation.

Registration is required for all events, with no fee for registration. Interested companies can make an inquiry about any/all sessions and learn more about the program by visiting the Pure Strategies website: https://purestrategies.com/events/climateweeknyc2026/

Who should register and attend?
Business professionals from any industry and those from companies at any stage of progress on climate and nature strategies that have an interest in taking action to move corporate climate and nature ambitions forward.

“Pure Strategies ambitious “Day of Action” program during Climate Week NYC provides attendees the opportunity to learn from experts and leading organizations,” said Tim Greiner, Managing Director and Co-founder of Pure Strategies. “The program also offers a venue to network with peers and explore how integrating climate and nature strategies turns into an investment that reduces risk, builds resilience, and delivers financial and societal returns.”

Companies can learn more and request an invitation here: https://purestrategies.com/events/climateweeknyc2026/

About Pure Strategies, Inc.
Pure Strategies has been transforming business through sustainability performance since 1998. Our team brings expertise to our clients to initiate and enhance existing sustainability programs by setting meaningful sustainability goals, devising effective management strategies, and making changes to products and supply chains that deliver value to the business and society. Our clients include Ben & Jerry’s, Dollar Tree, MegaFood, Sephora, Seventh Generation, Stonyfield Farm, VF Corporation, Walmart, and over one hundred others. Pure Strategies is proud to be a Co-Founder of The Chemical Footprint Project, a pioneer member of the Science Based Targets Network Corporate Engagement Program, a member of the Retail Industry Leaders Association (RILA), and a Certified B Corporation since 2017.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pure-strategies-announces-day-of-action-full-day-program-during-climate-week-nyc–september-23-2026-302860987.html

SOURCE Pure Strategies, Inc.

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