Progressive Planet Solutions (PLAN) investor relations material

Executive summary

• Achieved record Q3 revenue of $5.82 million, up 22% year-over-year, marking the highest Q3 revenue since the Absorbent Products acquisition.

• Profitability impacted by two one-time charges: a write-down of the Z-Lite zeolite property and a strategic investment to double SKUs with a major U.S. customer.

• Gross profit rose 47% to $1.99 million, with gross margin improving to 34% from 28% in Q3 2025.

• Strong demand across all product lines, with record sales of White Lake Earth and robust orders for new SKUs.

• Continued focus on innovation, with three patented or patent-pending solutions targeting the cement industry.

Financial highlights

• Revenue increased 22% compared to Q3 of the prior year, reaching $5.82 million.

• Income from operations decreased by 32% year-over-year due to one-time charges, totaling $157,443.

• EBITDA turned negative at -$499,643, primarily due to the Z-Lite write-down and slotting fee investment.

• Adjusted EBITDA increased 46% to $624,115, excluding non-recurring items.

• Cash position at CAD 2.14 million as of January 31, with over CAD 3 million in unused credit facilities.

Outlook and guidance

• No further large one-time slotting fees expected for the remainder of this or next fiscal year.

• Major promotion for Pure DE SKUs in over 2,434 stores scheduled for May–July of the next fiscal year.

• Management expects long-term benefits from new SKU placements and ongoing R&D investments.

• Calgary cement lab opening in March, expected to generate revenue in Q1 or Q2 of the next fiscal year.

• First production of PozGlass targeted for November 2026.