MarketBeat
Sat, May 16, 2026 astatine 11:06 AM CDT 7 min read
Key Points
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Pollard Banknote’s Q1 results weakened arsenic gross fell to CAD 141.7 cardinal from CAD 146.2 cardinal and nett income dropped to CAD 3.5 cardinal from CAD 11.7 million, wounded chiefly by little instant summons pricing, mix, and accumulation inefficiencies.
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Management said the instant summons softness was temporary, driven by delayed lawsuit orders and a displacement successful crippled mix, and expects volumes and mean selling prices to amended successful Q2 with confirmed orders already moving supra Q1 levels.
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The institution highlighted growth opportunities successful integer and charitable gaming, including its Belgium National Lottery contract, Kansas iLottery, NeoPollard iLottery, and charitable gaming sales, portion the committee besides authorized a stock buyback of up to astir 976,000 shares.
Pollard Banknote (TSE:PBL) reported little first-quarter gross and profit, with absorption attributing the diminution chiefly to impermanent timing and premix issues successful its instant summons business, portion pointing to stronger bid levels and integer declaration enactment arsenic reasons for assurance successful the remainder of 2026.
Co-Chief Executive Officer Doug Pollard said the 4th was “challenging” and was peculiarly affected by antagonistic factors successful the company’s instant summons merchandise line. However, helium said the issues were impermanent and related to the timing of lawsuit orders.
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“Nothing has systemically changed with our instant summons business,” Doug Pollard said. “There person been nary changes successful our lawsuit portfolio and nary changes successful our pricing.”
Revenue and nett declined successful the archetypal 4th
For the 3 months ended March 31, 2026, Pollard generated gross of CAD 141.7 million, down from CAD 146.2 cardinal successful the aforesaid play a twelvemonth earlier, Co-Chief Executive Officer John Pollard said.
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The company’s little instant summons mean selling terms reduced gross by CAD 11.7 cardinal compared with the anterior year, chiefly owed to a displacement successful lawsuit premix and little proprietary merchandise sales. That was partially offset by a CAD 4.4 cardinal summation from higher instant summons income volumes.
John Pollard said gross nett fell to CAD 16.6 million, oregon 11.7% of sales, from CAD 25.4 million, oregon 17.4% of sales, a twelvemonth earlier. He attributed the diminution chiefly to little instant summons income margins, little mean selling prices and accumulation inefficiencies.
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