CEMATRIX (CVX) investor relations material

Executive summary

• Achieved record financial performance in 2025, with all-time highs in revenue, adjusted EBITDA, cash flow from operations, and EPS.

• Revenue grew 27% year-over-year to $45.1 million, with Q4 revenue up 20% to $12.5 million.

• Adjusted EBITDA reached $8.3 million for the year, a 152% increase year-over-year.

• Maintains industry leadership in cellular concrete for infrastructure projects, with a strong market position and competitive advantage.

• EPS for 2025 was 2.7 cents, a record high and a 1250% increase year-over-year.

Financial highlights

• Gross margin for 2025 was $15.8 million (35%), up from $9.4 million (27%) in 2024; Q4 gross margin was 40%.

• Operating income for 2025 was $5.8 million, up from $0.5 million in 2024.

• Cash flow from operations for 2025 was $8.2 million, up 165% from $3.1 million in 2024.

• Ended Q4 2025 with $11.9 million in cash; cash increased to $16.7 million after year-end.

• SG&A expenses for the year were $10.0 million, up 12% year-over-year.

Outlook and guidance

• Management expects 2026 to be another strong year, supported by a robust backlog and new contract wins.

• Backlog at year-end 2025 was $67.7 million, with $12.3 million in new awards in Q1 2026.

• Revenue growth expected to remain variable due to project timing and construction seasonality.

• Focus remains on executing business strategy, quality delivery, and cost management.