Welcome to our dedicated page for Bri Chem news (Ticker: BRYFF), a resource for investors and traders seeking the latest updates and insights on Bri Chem stock.
Bri-Chem Corp. (BRYFF) generates a steady flow of news related to its role as a North American oilfield chemical distribution and blending company. As a supplier of drilling, completion, stimulation and production chemical fluids, the company’s updates often reflect trends in drilling activity, regional cementing and stimulation work, and broader conditions in the energy sector.
News releases frequently cover quarterly financial results, where Bri-Chem discusses sales performance in its Canadian drilling fluids distribution division and its Canadian and U.S. blending and packaging divisions. These updates highlight how changes in land rig counts, cementing activity in regions such as Western Canada, California and the Rockies, and shifts in product mix affect revenue, margins and working capital.
Investors following BRYFF can also expect strategic and operational announcements. Recent communications describe a comprehensive strategic realignment focused on internal manufacturing, private-label products, product portfolio optimization, exiting the oil-based mud business as a supplier of formulated oil-based mud, facility rationalizations in Canada and the United States, and changes to customer return policies. These items provide insight into how management is reshaping the company’s cost structure and operating model.
Bri-Chem’s news flow also includes governance and leadership developments, such as proxy contest disclosures, adoption of an Advance Notice By-Law, results of shareholder meetings, Board changes and the appointment of a new Chief Executive Officer and President. These releases offer context on the company’s approach to oversight, board composition and executive incentives.
For readers tracking BRYFF, this news page aggregates earnings reports, strategic updates and governance announcements in one place, making it easier to follow how Bri-Chem responds to market conditions and adjusts its business over time.
Bri-Chem Corp (OTC:BRYFF) announced a strategic realignment following a Board transition on January 13, 2026, focused on internal manufacturing, product portfolio optimization, commercial discipline, working-capital efficiency, and cost reduction.
Key actions include exiting the formulated oil-based mud supply business, shifting select third-party SKUs to private-label internal manufacturing, rationalizing underperforming SKUs, closing underperforming Canada and US facilities while keeping a Houston presence, and pursuing modest international expansion into the Middle East, Far East, Caribbean, and South America. Management expects gradual margin improvement and more than $1.6 million in annualized SG&A savings.
Bri-Chem (OTC:BRYFF) reported Q3 2025 results: sales $18.2M (down 17% YoY) and adjusted EBITDA $0.8M (up 42% YoY). Operating earnings improved to $576k from $234k, while adjusted net swung to near break-even versus a prior-year loss. Working capital tightened to $10.8M (down 21%) and total assets fell to $48.9M (down 14%).
Divisional trends: lower fluids distribution sales in Canada and the US drove the revenue decline; US blending grew 49% from higher cementing activity in California. Management expects gradual market improvement into 2026 and is conducting a strategic review under a new board.
Bri-Chem (OTC:BRYFF) announced a leadership and governance change effective November 10, 2025. The Board appointed Barry Hugghins as Chief Executive Officer and President, while he continues as Executive Chairman.
Mr. Hugghins will receive a nominal salary of $1 per annum as CEO and President. The Company also eliminated cash retainers for its Board; directors will be compensated exclusively with equity-based incentives going forward. Management says these moves align leadership pay with long-term shareholder value and reinforce focus on operational execution and financial performance.
Bri-Chem (TSX: BRYFF) announced on November 9, 2025 that Don Caron, CEO and former chairman, has departed the company effective immediately.
The Board of Directors has initiated a leadership transition, is overseeing interim management responsibilities, and has commenced a search for a permanent CEO. The company said it expects no disruption to ongoing operations and will provide further updates once a permanent appointment is made.
Board leadership emphasized commitment to operational discipline, customer service, and long-term growth while working to maintain alignment and stakeholder confidence.
Bri-Chem Corp. (BRYFF) held its Annual General and Special Meeting on September 16, 2025, in Edmonton, Alberta. The meeting saw strong shareholder participation with 77.05% of outstanding shares represented. Shareholders approved key resolutions including: setting the Board size at four directors (99.96% approval), electing four directors with 65.28% support each, appointing Kingston Ross Pasnak LLP as auditors (99.98% approval), and approving an advance notice by-law (99.87% approval).
All four director nominees - Barry Hugghins, John H. Cale, William Colby Swain, and Scott Gaudin - received identical voting results, with 34.72% of votes withheld, indicating some shareholder concerns with the board composition.
Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF), a North American oilfield chemical distribution company, has filed its management information circular for the upcoming annual meeting on September 16, 2025. The company urges shareholders to vote for its four nominees using the YELLOW proxy form.
The meeting has become a contested election between Bri-Chem's nominees and a dissident group led by Barry Hugghins, who owns 14% of the company. The Board raises concerns about the dissident nominees' lack of public company experience and potential conflicts of interest. In contrast, Bri-Chem's nominees collectively own 15.6% of the company and possess relevant public company experience.
Bri-Chem Corp. (TSX: BRY), a North American oilfield chemical distribution company, reported its Q2 2025 financial results with consolidated sales of $20.5 million, up 7% year-over-year. The company achieved Adjusted EBITDA of $1.0 million, a 48% increase from Q2 2024, and improved its operating earnings by 24% to $772,000.
Key performance metrics include adjusted net earnings of $0.01 per diluted share, compared to a loss of $0.02 in Q2 2024. Working capital stood at $11.1 million, down 21% year-over-year. The US drilling fluids division saw a 7% sales increase to $12.3 million, while Canadian operations reached $1.7 million in sales.
The company expects flat to slightly declining rig activity across North America through 2025, with potential recovery in early 2026.
- Adjusted EBITDA improved to $465,000 (2% of revenue) from -$443,000 (-2%) in Q1 2024 - Operating loss decreased to $23,000 from $144,000 - Net loss improved to $412,000 ($0.02 per share) from $1.5 million ($0.06 per share) - Working capital declined 29% to $10.3 million from $14.7 million
The revenue decline was primarily attributed to decreased US drilling activity, with US fluid distribution sales down 15%. Canadian operations remained relatively stable, while US blending and packaging sales increased by $552,000. The company maintains a cautious outlook due to commodity price volatility and political uncertainty in both US and Canadian markets.