Mr. Joseph Fearn reports

FAB-FORM INDUSTRIES LTD. ANNOUNCES RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2025

Fab-Form Industries Ltd. has released its interim financial results for the quarter ended Sept. 30, 2025.

Financial highlights:

• Revenue for the quarter increased slightly to $1,479,187 compared with $1,433,820 in the last quarter ended Sept. 30, 2024, reflecting a modest 3.16-per-cent growth resulting from an increase in Fastfoot, Fast-Tube, Helix and insulated-concrete-form-related (ICF accessories) sales.
• Gross profit remained stable at $522,333, with a gross margin of 35 per cent, slightly less than 37 per cent in the prior year, primarily due to higher sales of lower-margin products as well as reduction of U.S.-dollar sales.
• Operating expenses increased significantly by 18.22 per cent, driven by higher general and administrative expenses (up 9.00 per cent) and marketing costs (up 50.99 per cent) as the company continues to invest in its expansion strategy.
• Earnings from operations declined by 14.48 per cent to $270,553, compared with $316,364 in the past year.
• Other income increased by 10.18 per cent to $46,840 as a result of favourable of exchange rates as compared with last year.
• Net earnings for the period stood at $237,434, down 14.85 per cent from the previous year's $278,836.

Financial position:

• As of Sept. 30, 2025, the company had cash and cash equivalents of $1,336,709 and short-term investments increased to $3,064,036, ensuring strong liquidity.
• Total assets grew to $6,954,215, up from $6,388,251 in the previous year.
• The company remains debt light, with total liabilities of $756,016, ensuring financial stability and flexibility for future growth.

Product and market update

Fab-Form will be exhibiting at Big 5 Global in Dubai, featuring:

• Fast-Foot for commercial applications;
• Fast-Tube as a versatile utility column formwork solution;
• Space-R, the innovative three-in-one rebar stirrup system for both round and square columns.

The company will be exhibiting at Stand No. SS3 H78 at the Sheikh Saeed Hall 3 from Nov. 24 to Nov. 27, 2025.

About Fab-Form Industries Ltd.

Fab-Form Industries is a leading innovator in concrete forming solutions, committed to enhancing construction efficiency and sustainability worldwide. The company has been listed on the TSX Venture Exchange (symbol: FBF) since 2000.

We seek Safe Harbor.