Perma-Pipe International Holdings (PPIH) AGM 2026 summary

Opening remarks and agenda

• The meeting was conducted virtually, allowing global participation and included introductions of board members, executive team, and independent auditors.

• The agenda included voting on director elections, executive compensation, auditor ratification, and a Q&A session.

Financial performance review

• Achieved record net sales of over $210 million in FY 2025, a 33% increase year-over-year.

• Net income rose by 58%, and earnings attributable to common shareholders grew by nearly 90%.

• Shareholders' equity increased by 26%, strengthening the balance sheet.

Board and executive committee updates

• Saleh Sagr was introduced as CEO, having taken over in June of the previous year.

• Board nominees for re-election included Ibrahim Al Kuwari, Jon C. Biro, Richard Sherrill, Sal Sagr, and Nancy Zakhour.