Diversified Royalty Q2 net income drops to $3.1 million; revenue rises 21.5% to $21.7 million
Reuters2026/08/12 21:47- Diversified Royalty posted IFRS net income of $3.1 million in Q2 2026, down from $9 million a year earlier.
- IFRS revenue rose 21.5% to $21.7 million versus Q2 2025.
- Non-IFRS distributable cash increased 4.8% to $13.1 million; payout ratio widened 9 percentage points to 93.7%.
- Non-IFRS combined contribution climbed 13.2% to $21.7 million, helped by $2.24 million from Mr. Lube + Tires adjusted EBITDA.
- Closed the Mr. Lube + Tires franchisor acquisition for $227.9 million; management said it remains on pace for $58.7 million adjusted EBITDA contribution over 12 months.
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