Velan Inc. Reports Strong Q3 Performance for Fiscal 2026

MONTREAL, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its third quarter ended November 30, 2025. All amounts are expressed in U.S. dollars unless indicated otherwise.

Velan Inc. has reported a strong performance in its third quarter of fiscal 2026, showcasing robust growth in various sectors. The company's revenue figures and financial indicators reflect a positive trend, driven by demand for its innovative products and services. In this quarter, Velan has marked an increase in revenue, comparing favorably to prior periods, indicating a successful execution of its business strategies.

One of the key highlights from the quarter was the increase in orders received, which have bolstered the backlog significantly. This uptick in orders can be attributed to increased market share as a result of competitive pricing and enhanced customer relationships. Velan's focus on customer-centric solutions has evidently paid dividends, allowing it to adapt to changing market dynamics.

Financial performance metrics also showed improvement, with net income reflecting a favorable comparison to the previous year. Enhanced operational efficiencies and strategic cost-management initiatives have contributed to maintaining healthy profit margins. Furthermore, the company's investments in research and development have enabled it to spearhead innovative products in its pipeline, ensuring future revenue growth potential.

Velan's management team emphasized their commitment to sustainable practices, which is becoming increasingly important in today’s business landscape. The report outlines how those practices not only help with compliance and corporate responsibility but also drive efficiency and reduce operational costs.

In terms of geographic performance, Velan saw growth in multiple regions, particularly in North America and Europe. The company has successfully navigated market challenges by leveraging its global supply chain and local partnerships, positioning itself well against competitors.

Looking ahead, Velan is optimistic about its future in the market and has set ambitious targets for the upcoming quarters. The company’s leadership is focused on continuous improvement and innovation, with plans to expand its product offerings further and explore new markets. As they move forward, Velan aims to enhance its operational performance while delivering superior value to its shareholders and customers alike.