McCoy reported Q4 FY2025 revenue of USD 25.6 million (+1.0%), with smartProduct revenue of USD 14.1 million (55% of revenue, +16.0%). Q4 net earnings were USD 6.1 million (+44.0%) and adjusted EBITDA was USD 6.5 million (25% of revenue). Booked backlog was USD 25.8 million at Dec. 31, 2025 (+10.0%), with a Q4 book-to-bill ratio of 0.94. For FY2025, McCoy posted revenue of USD 83.8 million (+8.0%), smartProduct revenue of USD 43.6 million (52% of revenue), net earnings of USD 9.0 million (+2.0%), and adjusted EBITDA of USD 16.8 million (20% of revenue). The company said it is pausing its quarterly dividend and implemented cost actions in Q1 2026 delivering about USD 1.9 million of annualized cost reductions, citing logistics disruptions from the Middle East conflict, including shipping suspensions through the Strait of Hormuz, with more than two-thirds of year-end backlog destined for the region. McCoy also highlighted 2025 commercialization and deployments including its smarTR system for land and shelf applications (USD 11.0 million of contract awards from U.S. field-trial partners, with first SaaS-like subscription revenues recognized in 2025), continued deliveries of smartCRT units (including technical approval from a major NOC in a key market), commercialization of a 500T smartFMS, and delivery and commissioning of a deep-water offshore integrated casing running system for Latin America, alongside a USD 3.7 million purchase commitment for integrated hydraulic power tong systems for deep-water offshore operations in the Eastern Hemisphere (with remaining deliveries scheduled for 2026).

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. McCoy Global Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202603060700CANADANWCANADAPR_C0508) on March 06, 2026, and is solely responsible for the information contained therein.