Mr. Mark Smith reports

IBC ADVANCED ALLOYS REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 2025

IBC Advanced Alloys Corp. has released its financial results for the quarter ended Dec. 31, 2025.

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in United States dollars. IBC is reporting the performance of continuing operations at its copper alloy division, discontinued operations at its Massachusetts facility, and a combination of continuing and discontinued operations.)

• Sales of $4.9-million for the quarter improved by 36.6 per cent year over year (YOY). Sales rose by 6.8 per cent in the six months ended Dec. 31, 2025, over the comparable prior-year period.
• IBC reported operating income of $111,000, reversing a YOY loss of $428,000. Adjusted earnings before interest, taxes, depreciation and amortization of $349,000 compared with ($396,000) in the comparable prior-year period. Gross profit rose 21.7 per cent YOY and gross margin strengthened by 67 per cent YOY in the quarter.
• On a consolidated basis, operating income and adjusted EBITDA in the quarter increased year over year, driven largely by lower costs in discontinued operations (the now-shuttered engineered materials division). IBC's consolidated loss of $1.2-million for the six-month period ended Dec. 31, 2025, was lower compared with the same prior-year period, largely due to higher sales revenue in the current period and reduced costs related to the closure of the EM division's Massachusetts plant.

Stronger demand for IBC copper alloy products boosted revenue in the quarter YOY by 36.6 per cent in IBC's copper alloys division. Prior quarters saw softer demand largely due to market uncertainty in the application of the United States government's planned copper tariffs. Now that these tariffs have been implemented, product demand appears to be strengthening. The division also posted gains in the quarter in operating income, adjusted EBITDA, gross profit and gross margin over the comparable prior-year period.

Consolidated loss in the quarter of $480,000 narrowed YOY from a loss of $1.4-million in the comparative period, largely driven by higher copper alloys sales revenue and reduced costs at the company's engineered materials division, which was closed in 2024.

"We saw strong signs of demand recovery in our second fiscal quarter almost across the board in copper alloy products, and those gains appear to be continuing into the current quarter," said Mark A. Smith, chief executive officer and executive chairman of IBC. "Additionally, we continue to explore opportunities for sales of aluminum-scandium alloys, which we successfully began producing in October, 2025. We see that market growing significantly as the prospect of the first-ever domestic scandium production in the U.S. appears increasingly likely to launch in the near future."

Selected results

Unless otherwise noted, all financial amounts are calculated following IFRS (international financial reporting standards).

Full results are available in the company's financial statements and management's discussion and analysis (MD&A), which can be accessed at SEDAR+ and on the company's website.

About IBC Advanced Alloys Corp.

IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing and others. At its vertically integrated production facility in Franklin, Ind., IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, aluminum bronze and aluminum-scandium. The company's common shares are traded on the TSX Venture Exchange under the symbol IB and the OTCQB under the symbol IAALF.

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