Aimia (AIM) investor relations material

Executive summary

• Announced and signed definitive agreement to divest specialty chemicals business Bozzetto, with regulatory approvals received and closing expected by end of May 2026, generating $267 million in net proceeds.

• Q1 2026 results exclude Bozzetto, focusing on continuing operations and reflecting transition and strategic repositioning.

• Invested $1.4 million in share buybacks during Q1 2026 and identified target companies for future investments.

• Proceeds from Bozzetto sale to be used for debt reduction, new investments, and share buybacks.

• Focused on eradicating Holdco debt, cost control, and preparing for a UK AIM market listing.

Financial highlights

• Q1 2026 revenue from continuing operations was $32.7 million, down 19.7% year-over-year.

• Adjusted EBITDA from continuing operations was $2.5 million, down 7.4% year-over-year; Cortland's Adjusted EBITDA was $4.5 million (13.8% margin).

• Gross profit was $7.9 million, with gross margin improving to 24.2% from 23.8% year-over-year.

• SG&A expenses reduced to $9.7 million from $11.7 million, reflecting cost-saving initiatives.

• Consolidated net earnings rose to $3.8 million from $0.4 million, benefiting from reduced SG&A and Bozzetto's contribution.

Outlook and guidance

• Expect to close Bozzetto sale by end of May and make an offer to redeem senior notes at par plus accrued interest.

• Plan to renew normal course issuer bid, targeting up to 5 million shares for buyback through June 2027, pending regulatory approval.

• Anticipate improvement at Cortland in H2 2026, especially if Middle East geopolitical tensions ease.

• Intend to deploy Bozzetto proceeds into new investments and pursue a UK AIM market listing.

• Focus on growing net asset value per share and capital deployment into undervalued companies.