Dye & Durham: Key Questions Answered
Direct answers to the most-searched questions about Dye & Durham Limited, each linking to the full investigation with primary sources.
What happened to Dye & Durham's financial filings?
Dye & Durham delayed its FY2025 annual and Q1 FY2026 interim filings. The filings were subsequently completed and filed.
Why did the OSC issue a cease trade order against Dye & Durham?
The Ontario Securities Commission issued a management cease trade order in October 2025 and a failure-to-file cease trade order in December 2025 after the company missed filing deadlines.
Is Dye & Durham still in a cease trade order?
No. The failure-to-file cease trade order was revoked on 6 February 2026 and trading resumed on 9 February 2026.
Did Dye & Durham default on its debt?
Dye & Durham disclosed a default under its credit agreement arising from the delayed filings. The company obtained waivers and amendments and reported covenant compliance at 30 June 2026.
How much did Dye & Durham lose in 2025?
Dye & Durham reported a net loss of C$88 million for fiscal year 2025.
What were Dye & Durham's 2026 results?
For fiscal year 2026, Dye & Durham reported revenue of C$410.7 million (down 7%) and a net loss of C$38.5 million, an improvement over FY2025.
Did Dye & Durham restate its financials?
Dye & Durham restated prior-period information and made accounting adjustments in its FY2026 filings. The restatement is described as a correction, not an allegation of fraud.
What is the material weakness at Dye & Durham?
Dye & Durham disclosed a material weakness in internal control over financial reporting. Remediation status should be confirmed in the latest filings.
Who is the CEO of Dye & Durham now?
Todd Schulte was appointed interim CEO in August 2026. Verify the current status against the latest SEDAR+ filings.
Who is the chair of Dye & Durham now?
Angela Zhang was appointed chair in August 2026. Verify the current status against the latest SEDAR+ filings.
What is Plantro's campaign against Dye & Durham?
Plantro Capital, an activist shareholder, requisitioned a general meeting, alleged value destruction, and made an unsolicited takeover offer that was later withdrawn.
Did Matthew Proud try to buy Dye & Durham?
Matthew Proud, the company's former CEO, made a takeover approach. The company's response and the outcome are documented on the Matthew Proud page.
What is the Dye & Durham strategic review?
Dye & Durham's board launched a strategic review process to evaluate alternatives for the company, including a potential sale.
Did Dye & Durham sell Credas?
Yes. Dye & Durham sold Credas Technologies Ltd. (UK) in October 2025 for approximately £77.8 million (approximately C$146.3 million gross), recognizing a gain of approximately C$81.5 million.
What assets did Dye & Durham sell?
Dye & Durham completed asset sales including the Credas disposal, applying proceeds principally to debt reduction.
What is the Dye & Durham shareholder rights plan?
Dye & Durham adopted a shareholder rights plan. The terms and trigger thresholds are documented on the rights plan page.
Why did Dye & Durham's CEO change?
Leadership changes occurred amid the filing delays, strategic review and shareholder pressure. The CEO turnover page documents the sequence.
Is Dye & Durham insolvent?
This site does not state that Dye & Durham is insolvent. The company reported covenant compliance at 30 June 2026 and continued as a going concern in its filings.
What is Dye & Durham's debt?
Dye & Durham's total debt and leverage ratios are documented on the debt page, drawn from the FY2026 audited financial statements.
What is the current status of Dye & Durham?
As of October 2026: trading has resumed, the FFCTO was revoked, FY2025 and FY2026 filings are filed, an interim CEO is in place, and covenant compliance was reported at 30 June 2026.