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Highlights
- Revenue decline attributed to the completion of pipeline projects.
- Profit margin increase of 5.7% for Q4 compared to last year.
- Free cash flow for the year reached $21.2 million.
Vertex Resource Group Ltd. (TSX:VTX) has announced its financial and operational results for the fourth quarter and full year ending December 31, 2024. The company completed the quarter in line with expectations, with revenues slightly down from the previous year, primarily due to the completion of major pipeline projects, including the TMX pipeline, which had a heavy reliance on subcontractors. Despite the revenue decline, Vertex successfully maintained its profit margins by scaling to meet customer demands without compromising on efficiency.
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