Good Purpose Investments Reports Strong Second Quarter and First Half 2026 Results

September 01, 2026 8:00 AM EDT | Source: Good Purpose Investments Inc.

Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Good Purpose Investments Inc. (CSE: GPIN) (FSE: 8BS) ("GPI", "Good Purpose" or the "Company") announces that it has filed its interim financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2026.

Financial and Operating Highlights

All financial figures are stated in Canadian dollars unless otherwise noted.

  • Revenue of $8.5 million for the six months ended June 30, 2026, representing an increase of approximately 109% compared to $4.1 million for the same period in 2025;
  • Second quarter revenue of $5.6 million, representing an increase of approximately 160% compared to $2.2 million for the same period in 2025;
  • Revenue from the Company's Bags category increased to $4.8 million for the six months ended June 30, 2026, representing an increase of approximately 996% compared to $0.4 million for the same period in 2025, reflecting strong growth within Waste2Wear's reusable shopping bags business; and
  • Gross profit increased to $1.7 million for the six months ended June 30, 2026, compared to $0.9 million for the same period in 2025, representing an increase of approximately 88%.

"The first half of 2026 was an important period for Good Purpose, with significant year-over-year revenue growth reflecting the continued momentum across our business," said George Tsogas, Chief Executive Officer. "We are particularly pleased with the performance of Waste2Wear's reusable shopping bags division, where strong market demand continues to drive growth. These results reinforce our confidence in the Good Purpose model and our strategy of building a portfolio of scalable, purpose-driven businesses, as we position the Company for its next phase of growth."

The financial statements and MD&A are available under the Company's profile on SEDAR+.

About Good Purpose Investments Inc.

Good Purpose Investments Inc. is a sustainability-focused company that acquires, develops, and scales environmentally aligned businesses operating across circular materials, sustainable manufacturing technologies, and next-generation consumer product categories. The Company aims to build a diversified portfolio of investments and internally developed businesses supported by shared infrastructure, commercial expertise, and centralized innovation capabilities. Its initial portfolio company is Waste2Wear, a wholly owned subsidiary of GPI and provider of circular textile and product solutions.

For further information, please contact:

Max Whiffin, VP Corporate Development
Good Purpose Investments Inc.
Phone: 604-628-2669
Email: investors@good-purpose.com
Website: www.good-purpose.com

Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements in this news release include, but are not limited to, statements regarding the Company's growth strategy, its positioning for future growth, and its broader strategy and future business plans.

Forward-looking statements are based on management's current expectations, assumptions, and beliefs, including assumptions regarding the Company's ability to execute its business strategy, expand and support its portfolio companies, identify and complete suitable acquisition opportunities, and operate successfully as a public company. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including market conditions, business execution risks, and the risks described in the Company's public filings available on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312368

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Source: Good Purpose Investments Inc.

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