illumin (ILLM) investor relations material

Executive summary

• Achieved record quarterly revenue of CAD 50.2 million in Q2 2026, up 52% year-over-year, with strong performance across all business sectors and both Exchange and demand-side platform services.

• CEO returned at the start of Q2, driving renewed momentum, platform evolution, and successful go-to-market strategies, and oversaw the return to profitability.

• Nine net new clients were added during the quarter, reflecting broad-based demand and improved client acquisition.

• Adjusted EBITDA improved by CAD 3.0 million year-over-year to CAD 2.0 million, reflecting higher revenue and cost discipline.

• Strategic partnerships with Synth Group, Cint Group, and Audience Acuity enhanced platform measurement and audience intelligence.

Financial highlights

• Q2 2026 revenue grew 52% year-over-year to CAD 50.2 million, surpassing the CAD 50 million threshold for the first time.

• Exchange service revenue grew 108% year-over-year to CAD 27.1 million, while Managed and Self service revenue combined increased 15% to CAD 23.1 million.

• Gross profit rose 24% to CAD 17.6 million, though gross margin declined to 35.1% from 42.9% due to revenue mix shift.

• Net income was CAD 19,000, compared to a loss of CAD 5.8 million in Q2 2025, marking a return to profitability.

• Operating expenses decreased to CAD 18.7 million from CAD 19.2 million, driven by cost containment and lower share-based compensation.

Outlook and guidance

• Management expects continued double-digit year-over-year growth into Q3 2026.

• Focus remains on sustainable, profitable growth and ongoing investment in AI-powered platform enhancements and technology.

• Disciplined approach to M&A, with active evaluation of acquisition opportunities at favorable valuations.