Mr. David Robbins reports

NEWS RELEASE OMNI-LITE INDUSTRIES REPORTS SECOND QUARTER AND YEAR-TO-DATE FISCAL 2026 RESULTS

Omni-Lite Industries Canada Inc. has released its financial results for the second quarter ending June 30, 2026. Full financial statements and management discussion and analysis are available on SEDAR+.

Second quarter fiscal 2026 highlights:

• Record revenue: $4.8-million (U.S.), representing a 39-per-cent increase over the year-ago period;
• Record profitability: adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $926,000 (U.S.), yielding a 19.3-per-cent adjusted EBITDA margin;
• Strong demand: bookings of $6.4-million (U.S.), representing a 1.34 book-to-bill ratio;
• Record backlog: total backlog reached $10.7-million (U.S.);
• Robust liquidity: cash balance of $3.1-million (U.S.) with zero outstanding indebtedness.

Year-to-date fiscal 2026 highlights:

• Revenue: $9.2-million (U.S.);
• Adjusted EBITDA: $1.8-million (U.S.), yielding a 19.4-per-cent adjusted EBITDA margin;
• Bookings: $11.3-million (U.S.), representing a 1.23 book-to-bill ratio.

Revenue

Revenue for the second quarter of fiscal 2026 was approximately $4.8-million (U.S.), up 39 per cent compared with the second quarter of fiscal 2025. This growth was primarily driven by strong organic expansion within the company's fasteners and electronic components business segments.

Adjusted EBITDA and cash flow

Adjusted EBITDA for the quarter rose to approximately $926,000 (U.S.), marking an $830,000 (U.S.) increase over the second quarter of fiscal 2025. Free cash flow came in at approximately $117,000 (U.S.), improving by roughly $140,000 (U.S.) year over year. Free cash flow performance reflected intentional investments in working capital and manufacturing productivity to support the expanding order book.

Balance sheet strength

The company maintains a highly stable financial position, concluding the quarter with $3.1-million (U.S.) in cash with no outstanding debt.

Orders and backlog

New orders outpaced shipments during the period, with second-quarter bookings reaching approximately $6.4-million (U.S.). Consequently, the company's total backlog as of June 30, 2026, expanded to a record-breaking $10.7-million (U.S.), an increase of $4.9-million (U.S.) compared with the same period last year.

Management and governance update

"We delivered record revenue and healthy margins in the second quarter and first half of fiscal 2026," stated David Robbins, interim chief executive officer of Omni-Lite. "This performance is a direct result of our pricing and manufacturing discipline, allowing us to efficiently scale operations to satisfy strong customer demand."

The board of directors also provided an update regarding its continuing leadership transition. The board continues to execute its chief executive officer succession plan and remains confident in its ability to identify the right permanent candidate through an orderly and deliberate process. The board and management emphasize that the company remains on an exceptionally strong operational and financial footing while the search progresses.

Investor conference call

Omni-Lite will host a conference call for investors and analysts today, Aug. 19, 2026, at 4 p.m. EDT to discuss these financial results and answer participant questions. To join the conference call, dial 800-715-9871 in the United States (toll-free) or dial 646-307-1963 for all other countries (toll). Please call five to 10 minutes prior to the scheduled start time.

We seek Safe Harbor.