Why Did Dye & Durham Fail to File Its Financial Statements on Time?
Dye & Durham's audited FY2025 financial statements and related filings were required by 29 September 2025. The company did not file them by that deadline. Its Q1 FY2026 filings were subsequently also delayed. This is the exact chronology from company announcements and SEDAR+.
What had to be filed, and when
Dye & Durham Limited, as a TSX-listed reporting issuer, is required to file annual audited financial statements, interim financial statements, management's discussion and analysis (MD&A), and an annual information form (AIF) on prescribed deadlines. The FY2025 audited financial statements and accompanying documents were due by 29 September 2025.
The company did not meet that deadline. Its Q1 FY2026 interim financial filings were subsequently also delayed beyond their 14 November 2025 due date.
- ›FY2025 audited annual financial statements — due 29 September 2025 — were not filed by the deadline.
- ›Q1 FY2026 interim financial statements and MD&A — due 14 November 2025 — were also delayed.
- ›On 26 September 2025 the company announced a senior credit agreement waiver providing additional time to file.
- ›Required filings were ultimately submitted on 31 January 2026 and publicly announced on 2 February 2026.
The chronology of the delay
What was delayed, and what followed
The delayed filings were a securities-disclosure failure, not a finding of fraud. The regulatory consequences — a management cease trade order and later a failure-to-file cease trade order — are mechanisms designed to protect market integrity when required disclosure is not made on time.
Important: The failure-to-file cease trade order was revoked on 6 February 2026 after the company completed its required filings, and trading resumed on 9 February 2026. Dye & Durham is not currently under that 2025 cease-trade order.
Related investigations
Frequently asked questions
When were Dye & Durham's FY2025 financial statements due?
The audited annual financial statements and related MD&A and AIF were required to be filed by 29 September 2025 (the annual filing deadline under Canadian securities rules).
Did Dye & Durham file on time?
No. The company did not file its FY2025 audited financial statements by the 29 September 2025 deadline, and its Q1 FY2026 interim filings were subsequently also delayed.
What regulatory consequences followed?
The OSC issued a management cease trade order on 1 October 2025 and a failure-to-file cease trade order on 15 December 2025. The FFCTO was revoked on 6 February 2026 after the filings were completed.