Mr. Randy Boomhour reports

CEMATRIX ANNOUNCES $4.7 MILLION IN NEW CONTRACT AWARDS

Cematrix Corp. has won $4.7-million in new contract awards.

New contract award details

The awards are in the form of contracts and contracts in process. All of the work related to these awards is expected to be completed in 2026. Some of the larger awards include:

• A grouting application for a city infrastructure project;
• A load-reducing fill application for an abandonment project;
• The remaining awards are small to mid-sized projects for lightweight fill applications in Canada and the United States.

"Our sales momentum has continued into March. These awards continue to demonstrate the trust that our customers have in Cematrix's sales and operations teams to consistently deliver quality solutions for their geotechnical construction needs. We continue to see strong bidding activity and a robust sales pipeline well into the future. We are now even closer to spring weather to kick-start what we expect to be a busy 2026," stated Randy Boomhour, president and chief executive officer of Cematrix. "We remain passionate about providing value to our customers, by consistently delivering quality, cost-effective cellular concrete solutions, on time and on budget. Every successful project strengthens our reputation and makes the next sale easier."

General guidance

"As we have shared many times with investors, we do not control when large scopes of work start and stop. These large -scopes of work have significant impact to our financial results especially from quarter to quarter. These quarterly variations in revenue can cause concern among certain segments of our shareholders but our focus is always on the whole year. We do expect that our first quarter this year may be a little lower when compared to last year. That said, we also expect that this slower start to the year will be more than offset by an expected record second quarter to keep us on track in terms of financial performance for a really good year in 2026," concluded Mr. Boomhour.

About Cematrix Corp.

Cematrix is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-levelling, cement-based material with insulating properties. Cematrix provides customers with cost-effective, innovative solutions to their geotechnical construction challenges.

Applications for cellular concrete include lightweight engineered fill, MSE and retaining wall fill, lightweight insulating road subbase, flowable self-compacting fill, pipe and culvert abandonments, tunnel and annular grout, tunnel and shaft backfills, underwater/tremie fills, and shallow utility and foundation insulation.

Cematrix is a growth company with significant revenue, positive EBITDA (earnings before interest, taxes, depreciation and amortization), positive cash flow from operations, a very healthy balance sheet and a strong team in place. The company's wholly owned operating subsidiaries include Cematrix (Canada) Inc. (CCI), Chicago-based MixOnSite USA Inc. (MOS) and Bellingham-based Pacific International Grout Company (PIGCO).

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