DIRTT Environmental Solutions (DRTT) investor relations material

Executive summary

• Q4 2025 revenue reached $50.9 million, up 4% year-over-year, with Adjusted EBITDA of $6.2 million (12.1% margin), reflecting sequential and annual improvement and the highest monthly revenue in two years.

• Transformation initiatives focused on cost optimization, manufacturing efficiency, and operating model overhaul are driving structural improvements in revenue and earnings capacity.

• Liquidity remains strong at $32.1 million, with $20.3 million in unrestricted cash and $11.8 million available under a credit facility.

• Expanded enterprise relationships with repeat clients and new contracts, and formalized DIRTT Construction Services to expand technical capabilities.

• Net loss after tax was $3.7 million, compared to net income of $4.0 million in Q4 2024, mainly due to one-time impairment and reorganization costs.

Financial highlights

• Q4 2025 revenue was $50.9 million, with product revenue of $49.3 million and service revenue of $1.6 million.

• Adjusted EBITDA rose to $6.2 million (12.1% of revenue), up from $5.5 million in Q4 2024 and $1.2 million in Q3 2025.

• Adjusted gross profit margin was 38.7% in Q4 2025, up 5.6 percentage points sequentially.

• Gross profit margin increased to 36.6% from 35.9% year-over-year and from 30.4% sequentially.

• Net loss after tax was $3.7 million, impacted by $7.6 million in reorganization and impairment charges.

Outlook and guidance

• Fiscal 2026 revenue guidance is $194 million to $209 million; Adjusted EBITDA guidance is $26 million to $31 million, reflecting current tariff impacts and excluding unforeseen trade policy changes.

• FY 2026 expected to benefit from higher revenue volumes and manufacturing efficiencies, offsetting rising raw material costs.

• Transformation Office initiatives expected to further improve long-term revenue and earnings capacity.