Headwater Q2 FY26 net income more than doubled to Cdn$ 85.42 million; sales climb 64.15% to Cdn$ 237.93 million

• Headwater posted Q2 net income of Cdn$85.42 million, more than doubled from a year earlier; diluted EPS rose to Cdn$0.36.
• Sales climbed 64.15% to Cdn$237.93 million, lifting income before income taxes to Cdn$111.23 million, up 124.42%.
• Six-month net income increased 37.44% to Cdn$120.98 million, while gains on financial derivatives swung to a loss of Cdn$15.32 million.
• Cash flow from operating activities rose 95.92% to Cdn$134.57 million in the quarter; cash and cash equivalents ended at Cdn$87.66 million.
• Quarterly cash dividend increased to Cdn$0.12 per share starting with the July 15 payout; TSX renewed the NCIB through May 12, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Headwater Exploration Inc. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.