DIRTT ENVIRONMENTAL SOLUTIONS (DRTTF) Company Report

DIRTT Environmental Solutions Ltd. (DRTTF) announced the early termination of its lease for the former Rock Hill, South Carolina manufacturing facility, effective December 30, 2025.
The company paid a $1.0 million early termination fee and was relieved of approximately $10.5 million in remaining undiscounted rent obligations as of November 30, 2025.
This action is expected to result in recurring annual cost savings of $1.6 million starting in January 2026.
DIRTT anticipates recognizing a one-time, non-cash impairment expense of approximately $2.3 million related to leasehold improvements. As of September 30, 2025, the right-of-use asset for this lease was $5.9 million and the lease liability was $7.7 million.

Jan 5, 2026, 1:10 PM

DIRTT Environmental Solutions Ltd. announces renewal of Normal Course Issuer Bid

DRTTF

Share Buyback

DIRTT Environmental Solutions Ltd. announced the renewal of its Normal Course Issuer Bid (NCIB), which was accepted by the Toronto Stock Exchange on December 18, 2025.
Under the Renewed NCIB, DIRTT is permitted to acquire up to 9,593,878 common shares, representing 5.0% of the issued and outstanding common shares as of December 8, 2025.
The Renewed NCIB is scheduled to commence on December 22, 2025, and will terminate on December 21, 2026.
The company aims to optimize its capital structure and allow value to accrue to shareholders through opportunistic share repurchases.

Dec 18, 2025, 1:10 PM

DIRTT Environmental Solutions Ltd. Secures C$15.0 Million Loan and Refinances Debentures

DRTTF

Debt Issuance

DIRTT Environmental Solutions Ltd. (DIRTT) secured a loan of up to C$15.0 million from the Business Development Bank of Canada (BDC) on December 11, 2025, aimed at optimizing its capital structure.
The loan will be disbursed in an initial C$10.0 million and a secondary C$5.0 million tranche, accruing interest at BDC's floating base rate (currently 6.55% per annum) minus 0.75%, and matures on April 30, 2032.
The proceeds are designated to partially refinance DIRTT's outstanding 6.00% convertible debentures due January 31, 2026, with the remaining C$1.6 million of debentures to be repaid using cash on hand.
The loan is secured by various assets, including a US$5.0 million mortgage on a Chicago property, and requires DIRTT to maintain an annual fixed charge coverage ratio of at least 1.10 to 1.00.

Dec 11, 2025, 10:02 PM

DIRTT Reports Q3 2025 Financial Results and Provides Q4 2025 Outlook

DRTTF

Earnings

Guidance Update

Debt Issuance

DIRTT Environmental Solutions Ltd. (DRTTF) reported revenue of $37.7 million in the third quarter of 2025, marking a 13% decrease from the third quarter of 2024, and a net loss after tax of $3.5 million compared to a net income of $7.1 million in the prior year period.
Adjusted EBITDA for Q3 2025 was $1.2 million, down from $4.1 million in Q3 2024. The company noted a sequential increase in gross profit margin to 30.4% from 27.8% in Q2 2025, as tariff mitigation actions began to take effect.
The company's liquidity, comprising unrestricted cash and available borrowings, stood at $32.3 million as of September 30, 2025.
For the fourth quarter of 2025, DIRTT expects revenue between $48.0 and $52.0 million and Adjusted EBITDA between $5.0 and $7.0 million.
DIRTT entered a non-binding term sheet for up to C$15.0 million in financing from the Business Development Bank of Canada (BDC), with proceeds intended to partially settle the January Debentures due January 31, 2026.