Mr. Hugo D'Amours reports

CASCADES TO RELEASE FIRST QUARTER 2026 FINANCIAL RESULTS ON MAY 7, 2026 AND PROVIDES UPDATED OUTLOOK

Cascades Inc. will release its first quarter 2026 financial results before market open on Thursday, May 7, 2026, and will hold a conference call at 9 a.m. ET to discuss results. The conference call can be accessed by phone or via the company's website.

Time:  9 a.m. ET

Dial-in number:  1-800-990-4777/1-289-819-1299 (international)

Webcast (live and archived):  Cascades website

Replay:  1-888-660-6345/1-289-819-1450 (international)

Access code:  49689 followed by the pound key (until June 7, 2026)

The company is updating its outlook for the first quarter of 2026 to reflect a combination of external and operational factors that emerged during the quarter. Weather disruptions in the United States and heightened volatility in transportation and fuel surcharges increased operating costs, while recent geopolitical events negatively affected consumer confidence and spending, resulting in lower packaging volumes. Performance was further impacted by execution inefficiencies in the second half of the quarter.

As a result of these factors, the company expects first quarter 2026 consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be in the range of $115-million to $120-million, down from a previously disclosed $130-million to $142-million. The revised outlook largely reflects lower results for the packaging segment, and tissue segment results slightly below the earlier communicated range. This revised outlook is based on the information available to the company on the release date of this press release and could vary once the preparation for the interim financial statements for the first quarter of 2026 is completed.

The company is unwavering in its commitment to its longer-term objective of generating $100-million of profitability improvements by the end of 2026 via continuing cost reduction, logistics and productivity efficiency initiatives. The company is also implementing announced price increases in the Containerboard and uncoated recycled board business segments. In addition, price increases have been announced for some tissue product categories, and additional pricing strategies are being evaluated to mitigate external headwinds. The company is similarly on track to realize an additional $100-million in proceeds from the sale of non-core and redundant assets in 2026, and reiterates its longer-term outlook and strategy, including achieving its leverage objective of 2.5 times to 3.0 times by year-end 2026.

About Cascades Inc.

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and continuing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

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