Cleantek Industries Inc. (TSXV: CTEK) announced record third-quarter 2026 financial results on November 13, 2026, with revenue surging 58% year-over-year to $5.187 million, driven by deliveries under the HALO International Program and growing rental and service income. Net income nearly quadrupled to $1.265 million, while Adjusted EBITDA more than doubled to $2.126 million. The Calgary-based industrial technology company also fully repaid its bank operating line during the quarter, strengthening its balance sheet heading into the final quarter of the year. Investors may be watching whether momentum from international equipment sales continues alongside the company's recurring service revenue base.

Key Points

  • Cleantek Industries Inc. (TSXV: CTEK) reported Q3 2026 financial results on November 13, 2026
  • Record quarterly revenue of $5.187 million, up 58% from $3.282 million in Q3 2025
  • Adjusted EBITDA rose 116% to $2.126 million; working capital improved to $4.022 million from a deficit of $482,000 at December 31, 2025
  • Investors may watch progress on the remaining HALO International Program contracted units and the potential South American follow-on phase

HALO International Program Drives Record Equipment Sales for Cleantek

Equipment sales reached $1.753 million in Q3 2026, up sharply from $212,000 in the prior-year quarter, with the HALO International Program identified as the primary driver. The company delivered 12 HALO SE Crown Mount lighting systems during the quarter, bringing cumulative deliveries to 32 units as of September 30, 2026. A further 4 units were delivered in October 2026. The release states that 36 of up to 60 contracted units have been delivered as of the announcement date, indicating meaningful remaining contract volume still to be recognised in future periods.

Rental and Service Revenue Growth Adds Recurring Strength to Cleantek's Results

Beyond equipment sales, Cleantek's rental and service revenue grew 12% over the prior-year quarter to $3.434 million, demonstrating the company's recurring revenue base across oil and gas, mining, and construction sectors. Gross profit margin improved to 61% in Q3 2026 from 58% in Q3 2025. For the nine months ended September 30, 2026, total revenue reached $13.827 million, up from $10.339 million in the same period of 2025, and year-to-date net income rose to $2.000 million from $340,000, reflecting broad-based operational improvement throughout the year.

Cleantek Repays Operating Line as Working Capital Swings Positive

Cash provided by operating activities totalled $2.217 million in Q3 2026, compared with $968,000 in Q3 2025, enabling Cleantek to fully repay its bank operating line during the quarter. Working capital improved materially to $4.022 million at September 30, 2026, reversing a deficit of $482,000 recorded at December 31, 2025. The company's disclosure also references continued pursuit of a potential follow-on South American sale of up to 15 additional units, subject to project timing and customer demand, following its first commercial sale into that market in Q2 2026.