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Tenet Fintech Group Inc
Symbol PKK
Shares Issued 499,512,867
Close 2026-08-26 C$ 0.275
Market Cap C$ 137,366,038
Recent Sedar+ Documents

Tenet Fintech Group earns $2.66-million in Q2

2026-08-26 22:46 ET - News Release

Mr. Mayco Quiroz reports

TENET REPORTS REVENUE OF CAD $52.8M AND A NET PROFIT OF CAD $2.7M FOR THE SECOND QUARTER OF 2026

Tenet Fintech Group Inc. has released its financial results and operating highlights for the three-month period ended June 30, 2026. Tenet reported revenue of $52,785,664 for the quarter, compared with $433,570 in the second quarter of 2025, and a net profit of $2,662,136 for the second quarter of 2026, compared with a net loss of $1,828,881 in Q2 2025. All amounts in this news release are in Canadian dollars unless otherwise indicated.

Q2 2026 key financial figures:

  • Total revenue of $52.78-million;
  • Net profit of $2.66-million.

Q2 2026 operating highlights

The significant year-over-year increase in revenue from Q2 2025 to Q2 2026 and the solid profitability numbers signal the completion of the company's turnaround following the 2023 proxy battle that threatened its very existence. The company spent the better part of the last three years following the 2023 events to: (1) re-establish itself as a technology-driven supply-chain transaction facilitator in China; (2) simplify and limit its business activities to facilitating supply-chain transactions and gathering small and medium-sized business data; and (3) transition its business model from primarily generating transaction fee-based revenue to a predominantly recurring revenue model by providing economic intelligence subscription services. The second quarter results reflect the work put in by management during that period.

Although work remains to be done on the data-derived subscription revenue front, with the company's supply-chain business providing a strong revenue base with gross profit margins of 8 per cent to 10 per cent as of Q2 2026, Tenet believes it is financially well positioned for the roll out of its data-derived products, for which the company is anticipating gross profit margins of 70 per cent to 80 per cent.

Full details of the company's second quarter 2026 financial results can be found in the unaudited condensed interim consolidated financial statements and management discussion and analysis (MD&A) for the three-month and six-month periods ended June 30, 2026, and June 30, 2025, which are available under the company's profile on SEDAR+.

Q2 2026 results question-and-answer interview and full-year outlook for 2026

Tenet chief executive officer Johnson Joseph will answer questions from shareholders related to the company's Q2 2026 financial results in a question-and-answer interview and will share his perspective on the company's business plan for the rest of 2026. Shareholders are invited to read the company's MD&A prior to sending their questions related to these subjects to the company. Questions related to the Q2 2026 results and Tenet's outlook for 2026 received by 9 p.m. EDT on Aug. 31, 2026, to investors@tenetfintech.com or cathy@chfir.com will be answered to the extent that they can be answered in compliance with Canadian securities regulations. The results of the question-and-answer interview will be posted on the company's website by 5 p.m. EDT on Sept. 4, 2026.

About Tenet Fintech Group Inc.

Tenet Fintech Group is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or by leveraging data gathered by the Cubeler Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.

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