Q2 net income up 20% to $32.5M; PCL appeal set for Sept oral argument

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 29, 2025 · ~2 min read

Key Changes

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  Q2 2026 net income rose 20.4% to $32.5M ($1.78/share) from $27.0M ($1.44/share) in Q2 2025, driven by hotel occupancy recovery and lower depreciation as 2020 Black Hawk assets became fully depreciated.

  MD&A: Q2 Results verify on EDGAR →
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  PCL construction-litigation liability increased to $79.6M from $76.5M, with $2.2M of the H1 2026 increase representing accrued post-judgment interest at 6% per annum on the $74.5M principal—an ongoing ~$4.5M annual expense while the appeal proceeds.

  Legal Proceedings & Notes verify on EDGAR →
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  PCL appeal briefing completed; oral argument scheduled for September 15, 2026. PCL filed a second cross-appeal challenging the denial of attorneys' fees and costs, expanding the scope of issues on appeal.

  Legal Proceedings verify on EDGAR →