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HALIFAX, Nova Scotia, Aug. 07, 2026 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing provider of home-based and community care services in North America, is pleased to announce the release of financial results for the quarter ended June 30, 2026. All amounts are in United States dollars unless otherwise specified.
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Nova Leap Q2 2026 Financial Results
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Financial results for the quarter ended June 30, 2026 include the following:
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- Q2 2026 revenue of $9,393,302 increased by 17.1% relative to Q2 2025 revenue of $8,021,072.
- Trailing twelve-month revenue for the period from July 1, 2025 to June 30, 2026 was $33,597,305, the highest for any twelve-month period in the Company’s history.
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- Q2 2026 Adjusted EBITDA of $954,836 was an increase of 65.2% over Q2 2025 Adjusted EBITDA of $577,907 (see calculation of Adjusted EBITDA below).
- Trailing twelve-month Adjusted EBITDA for the period from July 1, 2025 to June 30, 2026 was $2,595,350, the highest for any twelve-month period in the Company’s history.
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- Gross profit margin as a percentage of revenue remained strong at 40.3% in Q2 2026. Gross profit margin percentage was 40.2% in Q2 2025.
- The Company generated income from operating activities in Q2 2026 of $754,667, an increase of 115.4% over the Q2 2025 figure of $350,439.
- The Company recorded net income of $649,977 in Q2 2026 as compared to a net loss of $484,008 in Q2 2025.
- The Company had available cash of $1,441,635 as of June 30, 2026 as well as full access to the unutilized revolving credit facility of $1,055,595 (CAD$1,500,000).
- The Company had total principal on demand loans and promissory notes outstanding as of June 30, 2026 of $3,532,747, representing a debt-to-trailing twelve month Adjusted EBITDA ratio of 1.36x.
- On May 1, 2026, the Company acquired the shares of a home care services company located in Nova Scotia. Under the terms of the agreement, the acquisition was for total consideration of CAD$3,500,000 of which CAD$3,200,000 was payable with cash on closing and CAD$300,000 by way of a promissory note repayable over a three-year period. The cash on closing was funded by way of a CAD$2,200,000 draw on the Company’s acquisition debt facility with its lender and by CAD$1,000,000 of cash on hand.
- During June 2026, the Company opened a new office in Waltham, Massachusetts to serve the Greater Boston market, advancing the company’s growth strategy in Massachusetts.
- As of the current date, the Company has access to up to $3,050,000 in available credit for business acquisitions through its existing credit agreement to support its long-term growth strategy.
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President & CEO’s Comments
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“Q2 was the strongest financial quarter in Nova Leap’s history”, said Chris Dobbin, President & CEO. “We achieved record quarterly consolidated revenue, income from operating activities and Adjusted EBITDA, with both our U.S. and Canadian operating segments contributing to the record performance.
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Revenue increased 17.1% year over year, while Adjusted EBITDA increased 65.2% to $954,836, just under $1 million for the quarter, and income from operating activities more than doubled. Adjusted EBITDA margin exceeded 10% for the first time. The message is straightforward: our platform is converting greater scale and market density into stronger earnings.
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We remain intensely focused on operating performance across the Company. During the quarter, we acquired Parkwood Home Care in Nova Scotia, opened our Greater Boston office in Waltham and invested in people to support further organic expansion in Nova Scotia and New Hampshire. Since quarter-end, we have continued to invest in Florida and Texas, where we see significant long-term opportunity.
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