Suncrete posts -$37.1M net loss in first quarter; five acquisitions total

Filed August 14, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Net loss of $38.9M for the six months ended June 30, 2026, driven by $26.9M in non-cash charges for Class B shares issued to an affiliated equity holder, $13.1M in acquisition-related costs, and $8.0M in interest expense.

  Notes: Net Loss verify on EDGAR →
• high

  CEO and CFO concluded disclosure controls and procedures were not effective as of June 30, 2026, due to material weaknesses in internal control over financial reporting. Company has begun remediation by hiring additional accounting, finance, and IT personnel; remediation expected to continue through fiscal year 2027.

  Controls: Material Weakness verify on EDGAR →
• high

  Amended credit agreement on June 30, 2026, increasing revolving facility from $25M to $50M and establishing a new $175M delayed draw term loan facility. Total debt outstanding was $220M as of June 30, 2026, with $22.5M of available revolver capacity and the full $175M DDTL undrawn.

  MD&A: Credit Facility verify on EDGAR →