Mr. Hylton Karon reports

IFABRIC CORP PROVIDES STRONG 2025 REVENUE ESTIMATE AND 2026 OUTLOOK

iFabric Corp. has released its estimated fiscal 2025 revenue, for another year of double-digit revenue growth, which has carried directly into a powerful start to fiscal 2026.

Revenue for the full year ended Dec. 31, 2025, is estimated at approximately $33-million, up 20 per cent year over year to a new 12-month record.

Revenue for the first quarter of 2026 ended March 31, 2026 (Q1 (first quarter) 2026), is expected to be in the range of $20-million to $25-million, by far the largest-ever quarter and compared with $7.1-million in the same period of 2025.

This growth in revenue is largely driven by the rapid expansion of clinically proven medical apparel (scrubs) programs and continued Intelligent Fabric Technologies (North America) Inc. (IFTNA) category expansion, which are collectively expected to support continuing expansion through 2026 and 2027.

"Fiscal 2025 ended with real acceleration for iFabric," said Hylton Karon, president and chief executive officer of iFabric. "Our record fourth quarter revenue of approximately $11-million was not an isolated event. It reflects the strength of programs we built throughout 2025 and that momentum has rolled directly into 2026. We are entering this year with a broader platform, stronger retail reach and more growth drivers than at any point in our history," concluded Mr. Karon

A key contributor to that acceleration has been the rapidly expanding reach of the company's clinically proven scrubs programs. Management believes these intelligent apparel programs are becoming a meaningful engine of growth, while also demonstrating the commercial power of IFTNA's proprietary technologies in large-scale retail channels. At the same time, IFTNA's expansion into new product categories continues to widen the company's addressable market, with additional opportunities expected to develop throughout 2026 and into 2027.

The company also highlighted the exceptional start to fiscal 2026. Dependent on shipping dates, revenue for Q1 2026 is currently expected to be in the range of $20-million to $25-million, making it the largest-ever quarter in corporate history. Management noted that this increase is being driven by expansion of existing, new and rebranded programs. In certain cases, iFabric provided targeted inventory clearance support in Q4 (fourth quarter) 2025 to help major retailers transition from competing brands into company branded programs. This is a short-term investment the company believes is positioning it for significant longer-term gains.

"The speed at which our clinically proven scrubs programs have scaled gives us a high level of confidence in the size of the opportunity ahead," added Mr. Karon. "Those programs are expanding quickly, our order book remains strong and IFTNA is continuing to open doors in new product categories. We believe that momentum will continue through 2026 and well into 2027," concluded Mr. Karon.

The company added that its transition away from the prior Maidenform licence is substantially reshaping its intimate apparel business. iFabric has already replaced the majority of the revenue previously generated from Maidenform licensed products with revenue from its own brand platform, geared toward a younger and better-aligned demographic. Management believes its new brand platform not only replaces the prior licensed revenue stream, but also creates materially broader opportunities in product development, positioning and market expansion than would have been available under the Maidenform brand.

About iFabric Corp.

Headquartered in Markham, Ont., iFabric is listed on the Toronto Stock Exchange and currently has 30.3 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly owned subsidiaries, namely, Intelligent Fabric Technologies (North America) and Coconut Grove Pads Inc.

IFTNA is focused on development and sale of high-performance sports apparel, medical protective apparel, consumer protective apparel and proprietary treatments that provide intelligent properties to fabrics, foams, plastics and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV (ultraviolet) protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

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