IBC Advanced Alloys Announces C$1.0 Million Non-Brokered Private Placement

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.)¹

• Sales of $4.9 million for the quarter improved by 36.6% year-over-year (YOY). Sales rose by 6.8% in the six months ended Dec. 31, 2025, over the comparable prior-year period.

• IBC reported operating income of $111,000, reversing a YOY loss of $428,000. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $349,000 compared to ($396,000) in the comparable prior-year period. Gross profit rose 21.7% YOY and gross margin strengthened by 67% YOY in the quarter.

• On a consolidated basis, operating income and Adjusted EBITDA in the quarter increased year-over-year, driven largely by lower costs in Discontinued Operations (the now shuttered Engineered Materials Division). IBC's consolidated loss of $1.2 million for the six-month period ended December 31, 2025, was lower compared to the same prior-year period, largely due to higher sales revenue in the current period and reduced costs related to the closure of the EM Division's Massachusetts plant.