)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pollard Banknote
Pollard Banknote (PBL) investor relations material
Pollard Banknote Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary9 Nov, 2026
Executive summary
Q3 revenue rose 1.7% YoY to CAD 158.9 million; combined sales, including the 50% share of NPi sales, increased 3.4% to CAD 193.7 million.
Adjusted EBITDA fell to CAD 28.3 million from CAD 32.3 million and net income to CAD 8.1 million from CAD 10.3 million; manufacturing inefficiencies, lower instant ticket margins and Michigan iLottery expiry weighed on results.
New lottery contracts and extensions, strong charitable demand and expanding digital work support a positive Q4 and 2027 outlook.
Financial highlights
Q3 cost of sales rose to CAD 134.6 million from CAD 128.2 million; gross profit fell to CAD 24.3 million from CAD 28.1 million.
Q3 operating income was CAD 14.9 million, down 16.3% YoY; excluding the CAD 2.1 million Michigan iLottery contribution in Q3 2025, the decline was 5.1%.
9M revenue increased to CAD 455.4 million from CAD 445.3 million, while Adjusted EBITDA fell to CAD 80.9 million from CAD 92.2 million and net income to CAD 20.2 million from CAD 30.0 million.
Q3 basic and diluted EPS was CAD 0.30 versus CAD 0.38; 9M EPS was CAD 0.75 versus CAD 1.11.
Outlook and guidance
Q4 and 2027 outlook is positive, with a robust instant ticket schedule, strong charitable demand and expected digital revenue from Oklahoma, Colorado, Kansas, North Carolina and Belgium contracts.
Q4 instant ticket volumes are expected to avoid the usual seasonal decline, supported by strong demand and Q3 carryover orders; customer and product mix is expected to normalize in Q4 and 2027.
Colorado digital revenue is expected to begin in the later part of 2027; Belgium revenue is expected to rise over coming quarters, while Kansas growth depends on expanding its player base.
Manufacturing improvements were noted early in Q4; initiatives target throughput, waste, rework, production speed, turnaround times and costs over the next two to three years.
Kansas iLottery profitability is improving, though the move to profitability may extend into early 2027.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Pollard Banknote
- Q2 2026 saw robust revenue and margin growth, driven by instant ticket and digital gains.PBL
Q2 2026 - Record sales, major contract wins, and digital expansion fueled strong 2025 growth.PBLAGM 2026
- Q1 profit and revenue fell on instant ticket weakness, but 2026 outlook and order volumes are strong.PBLQ1 2026
- Record revenue and digital growth in 2025 set the stage for margin recovery and expansion in 2026.PBLQ4 2025
- Record sales and major contract wins drive growth despite margin pressures.PBLQ3 2025
- Q2 revenue up, but margins and net income down; Q3 volumes and margins expected to improve.PBLQ2 2025
- Record sales, margin expansion, and iLottery growth drive strong future outlook.PBLQ3 2024
- Record Q1 growth with higher margins, digital expansion, and strong iLottery performance.PBLQ1 2025
- Record sales and margin gains in 2024 set the stage for further growth in 2025.PBLQ4 2024
Next Pollard Banknote earnings date
Q4 202610 Mar, 2027
Pollard Banknote
Next Pollard Banknote earnings date
Q4 202610 Mar, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Pollard Banknote Limited provides products and services to the lottery and charitable gaming sectors, including instant ticket production, lottery management services, and interactive gaming solutions. The company also offers pull-tabs, bingo paper, and gaming systems. Pollard Banknote serves government-sponsored lotteries and charitable organizations globally. The company is headquartered in Winnipeg, Canada, and its shares are listed on the TSX.