Ironman International Ltd. (TSX-V: IMI; OTCQB: IMITF) has provided an update on its operations and business activities, detailing a strong bid pipeline, the creation of a new division, and an upgrade to the OTCQB Venture Market. The company's strategy is built on three pillars: business fundamentals, growth, and strategic alignment of staff and suppliers to deliver customer value.
Regarding business fundamentals, Ironman's Directional Drilling segment experiences seasonality, using late fall and winter for training and bidding on jobs for the upcoming spring, summer, and fall. Its Telecom segment, Lite Access, provides stable year-round revenues with an operational focus in the Greater Vancouver Area. The company reports that crews have been kept busy this winter due to a full work pipeline.
On growth, Ironman submitted more than 220 bids in December 2025 and January 2026, adding to its current work program. The company anticipates a strong workflow for FY2026 and is actively bidding on projects in British Columbia, Alberta, Northwest Territories, Alaska, and the continental US. The company benefits from a highly competent workforce, ownership of equipment, and an internal maintenance department, allowing it to be agile and deliver high-performance results on jobs of varying size and complexity. The company's Directional Drilling operations experienced significant growth from FY2024 to FY2025, partly due to expansion into Alaska. Ironman will announce revenues for FY2025 and provide guidance for FY2026 in March. From the end of FY2024 to the end of FY2025, the company doubled its staff. The company has also set up a new division, Ironman Pipe Inspection (Ironman PI), which will provide comprehensive inspection services for critical pipeline systems. Ironman PI will leverage the company's background in civil works to support utility projects throughout North America and will enable the company to conduct location services on its projects, preventing expensive delays. More information is available at www.ironmanpi.com.
In a corporate update, Ironman awarded incentive stock options to directors, officers, employees, and consultants, aligning employees with shareholders. The company is focused on delivering strong results for 2026 through relentless execution, bold innovations, disciplined expansion, and fostering alignment to build enduring shareholder value. Additionally, the company's common shares have been upgraded to trade on the OTCQB Venture Market under the symbol IMITF, effective February 18, 2026.
