Progressive Planet Solutions (PLAN) investor relations material

Executive summary

• Record fiscal Q1 2027 revenue of CAD 7.3 million, up 23% YoY and above the prior record of CAD 6.51 million in Q4.

• Gross profit rose 10% to CAD 2.5 million, while gross margin fell to 34% from 39%.

• Profitable, vertically integrated operations and automation investments underpin growth plans, with expansion increasingly focused on U.S. production.

Financial highlights

• Income from operations increased 29% to CAD 924,000; net income fell 31% to CAD 1.1 million.

• EBITDA decreased 7% to CAD 1.35 million; Adjusted EBITDA rose 6% to CAD 1.48 million, excluding non-recurring items.

• Freight costs rose to CAD 1.233 million from CAD 819,000 in prior-year Q1, with higher diesel, plastic bags and paper packaging adding cost pressure.

• Capital investment totaled CAD 654,000, including CAD 391,000 for PozGlass pilot plant expansion; CAD 190,000 in capital grants and CAD 234,000 in non-capital grant proceeds were recognized.

• More than CAD 2.5 million in cash and over CAD 5.6 million in unused credit facilities were available as of July 31, 2026.

Outlook and guidance

• No formal revenue guidance; if the current trajectory holds, management expects YoY revenue growth in each of the next three quarters, while noting seasonality and uncertainty.

• Annual price increases were implemented in August and September; customer acceptance can take up to 90 days, and continued inflation is expected over the next 6–12 months.

• PozGlass powder production is planned to begin in November, with initial samples for Amrize envisioned in January–February and major Lower Mainland concrete pours targeted for April–May 2027.

• A Pacific Northwest processing facility is a long-term objective; acquisition, brownfield and greenfield paths are under evaluation.