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SSC Security Services Corp. Reports Q2 FY2026 Revenues of $32.0 Million, Up 15.5%

SSC Security Services Corp. ("SSC" or the "Company") (TSXV: SECU) (OTCQX: SECUF), a national provider of physical and electronic security services to commercial, industrial and public sector clients across Canada, today releases its financial results for the second quarter ended March 31, 2026. On May 26, 2026, SSC announced a definitive Arrangement Agreement with Allied Universal pursuant to which Allied Universal will acquire all issued and outstanding common shares of SSC for all-cash consideration of $4.4075 per share, representing a 119% premium to the closing price on May 25, 2026 (the "Transaction"). Concurrent with the Transaction, SSC's cyber security and legacy agriculture businesses will be sold to a corporation controlled by current and former senior management. See "Subsequent Event" below. All figures are presented in Canadian dollars.

"SSC is continuing its profitable run this quarter. Our consistently strong results are a testament to the hard work of everyone at the company -- and while that may sound cliché, in our case it is very true. You don't achieve organic growth of over 15% without a team that is committed to their work and to creating value for our shareholders. There are many changes and opportunities ahead for our employees as we move toward new ownership with Allied Universal in the coming months. It has been an honour to lead this team and to be part of building one of the best security services companies in Canada," said Chairman and CEO Doug Emsley.

Key Highlights for Q2 2026:

  • Strong Revenue Growth – The Company generated $32.0 million in revenue in Q2 2026, an increase of 15.5% from $27.7 million in the prior-year second quarter. This represents the highest second quarter revenue in the Company's history.
  • Consistent Adjusted EBITDA - Adjusted EBITDA for the quarter ended March 31, 2026 was $1.2 million ($0.06 per share), an increase from the prior year second quarter adjusted EBITDA of $1.0 million ($0.06 per share).
  • Gross Profit Growth – Gross profit was $5.0 million (15.6% margin) for the three months ended March 31, 2026, compared to $4.5 million (16.1%) in the same three-month period last year.
  • Final Quarterly Dividend Paid; Dividend Subsequently Suspended - During the quarter we paid $0.03 per share in dividends to shareholders. Subsequent to the quarter, in connection with the Transaction, SSC has suspended all dividend payments effective immediately. No further dividends will be declared or paid.
  • We finished the quarter ended March 31, 2026 with:
  • Cash and cash equivalents of $6.7 million equal to $0.36 per share;
  • Working capital of $25.1 million;
  • Total shareholders' equity of $60.4 million; and
  • No debt.  
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The 15-Year Bet Behind Every New Variety

Video: The 15-Year Bet Behind Every New Variety!



Canada is trying to decide how much agricultural research capacity it can afford to lose. Brian Rossnagel believes the better question is whether the country can afford to rebuild it.

The longtime barley and oat breeder makes the case with a simple fact about his profession: the consequences of today’s decisions may not become visible for 10 or 15 years.

“Pick the right parents. That’s the biggest thing,” Rossnagel says. “If you pick the wrong parents, you’re not going to get anywhere—and you don’t know that until 10 years, 15 years later.”

That warning carries particular weight as Agriculture and Agri-Food Canada moves to reduce spending and streamline parts of its science operations. The department’s 2026–27 plan anticipates the loss of approximately 665 positions by 2028–29 and says some research will be reduced where capacity exists in academia or industry. AAFC says the changes will make its science operations more cost-effective over the long term.

For Canada’s seed industry, Rossnagel’s career illustrates what is at stake.

This fall, the retired University of Saskatchewan breeder will be inducted into the Canadian Agricultural Hall of Fame. During his 35-year career at the Crop Development Centre, he helped develop more than 100 barley and oat varieties, including CDC Austenson—one of Western Canada’s most widely grown feed barleys. His induction recognizes not only those varieties, but the collaboration and research system that made them possible.

Rossnagel is quick to emphasize that none of it was the work of one person.

“The first thing I thought about was all the other people who contributed to whatever success I and my program had over the years,” he says. “We know that it’s not an individual who does this. It’s a group—a team.”

That team extends well beyond the breeder whose name appears beside a variety. It includes technicians, pathologists, quality specialists, statisticians, regional testing sites, seed growers and industry partners. It also includes the breeders who came before and those who will carry the germplasm forward.

CDC Fraser barley, for example, moved through three breeding careers. Its parents came from Brian Harvey’s program. Rossnagel advanced the material after Harvey retired, and Aaron Beattie later guided it through registration and release.

That kind of handoff is normal in plant breeding. The person who makes the original cross may never see the resulting variety reach farmers.

It also explains why lost research capacity cannot simply be switched back on when budgets improve.

“If you shut it off, it’s very, very difficult—and particularly costly—to start it up again,” Rossnagel says. “If you have to start from scratch, it’s going to be at least 10 years before anybody notices whether you’re getting anything done or not.”

The concern is not simply how many experimental lines Canada can process. Modern equipment, statistical tools and genetic technologies allow today’s breeding programs to evaluate tens of thousands of lines—far more than Rossnagel could handle when he entered the field in the early 1970s.

But efficiency and automation do not generate every idea.

“If you pare back down, and instead of having six or seven individual scientists concentrating on wheat breeding, you go down and say three people could handle all this, well, that’s half the ideas gone,” he says. “Particularly if you happen to lose the three people who had the really neat and innovative ideas, boy, that’s a problem.”

It is a timely distinction for Canadian agriculture. Consolidating programs may preserve the volume of material moving through a system, at least initially. It may not preserve the diversity of thinking, regional knowledge or willingness to pursue unconventional crosses.

That regional knowledge matters because Canadian agriculture is not one uniform production environment. A variety suited to southern Alberta may face different disease, moisture and maturity pressures than one grown in Manitoba, Ontario or Atlantic Canada.

“Agriculture is applied biology,” Rossnagel says. “Biology, all around the Earth, moves from the poles to the equator. It does not move from Newfoundland to B.C. like politics do.”