iFabrick (IFA) investor relations material

Executive summary

• Q1 revenue reached CAD 27.5 million ($27,502,695), a record high and up 288% year-over-year, surpassing prior guidance.

• Growth was driven by new and expanded programs in Intelligent Fabrics and Intimate Apparel, including medical apparel, footwear, and rebranding efforts.

• Management is focused on leveraging operational capabilities for further expansion and sustained profitability.

• Inventory levels increased to CAD 16.9 million to support new program launches and mitigate supply risks.

Financial highlights

• Intelligent Fabrics revenue was CAD 23.6 million ($23,600,247), up 305% year-over-year; Intimate Apparel revenue was CAD 3.9 million ($3,902,448), up 212% year-over-year.

• Gross margin was 33%, down from 39% year-over-year but up from 26% in the prior quarter, with a target of 35% for the year.

• Adjusted EBITDA for Q1 was CAD 5.7 million ($5,733,393), up from $318,478 in Q1 2025.

• Net earnings after tax were $3,710,214 ($0.122 per share), up from $88,458 ($0.003 per share) in Q1 2025.

• Selling, general, and administrative costs rose by CAD 1.5 million (61%) to $3,862,751, mainly due to variable costs, royalties, and investments in personnel and marketing.

Outlook and guidance

• Management expects continued momentum from new product launches and expanded retail partnerships.

• The new Nudish™ brand in Intimate Apparel is expected to drive future revenue growth by targeting a younger demographic and expanding product categories.