NEWS RELEASE OMNI-LITE INDUSTRIES REPORTS SECOND QUARTER AND YEAR-TO-DATE FISCAL 2026 RESULTS

Rhea-AI Summary

Omni-Lite Industries (OTC: OLNCF) reported record second-quarter fiscal 2026 revenue of approximately US$4.8 million, a 39% increase year-over-year, driven mainly by organic growth in fasteners and electronic components. Net income reached US$518,000 versus a US$166,000 loss a year earlier, while Adjusted EBITDA rose to about US$926,000, implying a 19.3% margin.

Bookings for the quarter were approximately US$6.4 million, yielding a 1.34 book-to-bill ratio, and total backlog climbed to a record US$10.7 million, up US$4.9 million year-over-year. The company reported free cash flow of roughly US$117,000 and ended the quarter with US$3.1 million in cash and no debt. Year-to-date, revenue was US$9.2 million and Adjusted EBITDA US$1.8 million, with a 19.4% margin. The Board continues its CEO succession process while an interim CEO remains in place.

Positive

• Q2 2026 revenue US$4.8M, up 39% year-over-year
• Q2 2026 net income US$518K vs. US$(166)K in Q2 2025
• Q2 2026 Adjusted EBITDA US$926K vs. US$95K a year earlier
• Record backlog US$10.7M as of June 30, 2026, up US$4.9M YoY
• Q2 2026 bookings US$6.4M, 1.34 book-to-bill ratio
• Cash position US$3.1M with zero outstanding indebtedness at quarter-end

Negative

• Q2 2026 free cash flow only about US$117K despite higher profitability

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CONFERENCE CALL FOR INVESTORS: AUGUST 19, 2026, AT 4:00 PM EDT

Second Quarter Fiscal 2026 Highlights

• Record Revenue: US$4.8 million, representing a 39% increase over the year-ago period.
• Record Profitability: Adjusted EBITDA⁽¹⁾ of approximately US$926,000, yielding a 19.3% Adjusted EBITDA margin.
• Strong Demand: Bookings of US$6.4 million, representing a 1.34 Book-to-Bill ratio.
• Record Backlog: Total backlog reached US$10.7 million.
• Robust Liquidity: Cash balance of US$3.1 million with zero outstanding indebtedness.

Year-To-Date Fiscal 2026 Highlights

• Revenue: US$9.2 million.
• Adjusted EBITDA⁽¹⁾: US$1.8 million, yielding a 19.4% Adjusted EBITDA margin.
• Bookings: US$11.3 million, representing a 1.23 Book-to-Bill ratio.

LOS ANGELES, CALIFORNIA , Aug. 19, 2026 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) today reported its financial results for the second quarter ending June 30, 2026. Full financial statements and management’s discussion and analysis are available on SEDAR+ at sedarplus.ca.

Revenue
Revenue for the second quarter of fiscal 2026 was approximately US$4.8 million, up 39% compared to the second quarter of fiscal 2025. This growth was primarily driven by strong organic expansion within the Company's fasteners and electronic components business segments.

Adjusted EBITDA and Cash Flow
Adjusted EBITDA⁽¹⁾ for the quarter rose to approximately US$926,000, marking an $830,000 increase over the second quarter of fiscal 2025. Free Cash Flow⁽¹⁾ came in at approximately US$117,000, improving by roughly US$140,000 year-over-year. Free cash flow performance reflected intentional investments in working capital and manufacturing productivity to support the expanding order book.

Balance Sheet Strength
The Company maintains a highly stable financial position, concluding the quarter with US$3.1 million in cash with no outstanding debt.

Orders and Backlog
New orders outpaced shipments during the period, with second-quarter bookings reaching approximately US$6.4 million. Consequently, the Company’s total backlog as of June 30, 2026, expanded to a record-breaking US$10.7 million, an increase of US$4.9 million compared to the same period last year. 

Management and Governance Update
"We delivered record revenue and healthy margins in the second quarter and first half of fiscal 2026," stated David Robbins, Interim CEO of Omni-Lite. "This performance is a direct result of our pricing and manufacturing discipline, allowing us to efficiently scale operations to satisfy strong customer demand."

The Board of Directors also provided an update regarding its ongoing leadership transition. The Board continues to execute its CEO succession plan and remains confident in its ability to identify the right permanent candidate through an orderly and deliberate process. The Board and management emphasize that the Company remains on an exceptionally strong operational and financial footing while the search progresses.

Investor Conference Call
Omni-Lite will host a conference call for investors and analysts today, August 19, 2026, at 4:00 PM EDT to discuss these financial results and answer participant questions. To join the conference call, dial (800) 715-9871 in the USA (toll-free), or dial (646) 307-1963 for all other countries (toll). Please call five to ten minutes prior to the scheduled start time.

For further information, please contact:

Mr. David Robbins
Chief Executive Officer
Tel. No. (562) 404-8510 or (800) 577-6664
Email: d.robbins@omni-lite.com
Website: www.omni-lite.com

(1)

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net Income/(Loss)	$518		$        (166)		$           922		$           (58)
Adjustments:
Interest Expense, Net	124		97		245		238
Income Tax Provision	231		60		516		132
Operating Income	$           873		$             (9)		$        1,683		$           312
Depreciation	282		286		561		555
Amortization	0		12		0		24
EBITDA	$        1,155		$          289		$        2,244		$           891
Adjustments:
Lease Expense (1)	(229)		(194)		(460)		(388)
Stock-based Compensation	0		0		0		0
Adjusted EBITDA (2)	$           926		$             95		$        1,784		$           503
Revenue	$        4,795		$       3,459		$        9,178		$        6,766
Net Income margin	10.8%		-4.8%		10.0%		-0.9%
Adjusted EBITDA margin	19.3%		2.7%		19.4%		7.4%

(1)Non-IFRS Financial Measures: Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow are non-IFRS financial measures and do not have standardized meanings prescribed by IFRS. Please refer to the Company's MD&A on sedarplus.ca for definitions and reconciliations of these terms to the most directly comparable IFRS measures.

Forward Looking Statements
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intent”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information in this press release includes, but is not limited to, the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward- looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward- looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental consents and approvals, if and when required; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FAQ

What were Omni-Lite (OLNCF) Q2 2026 revenues and net income?

Omni-Lite reported Q2 2026 revenue of about US$4.8 million and net income of US$518,000. According to Omni-Lite, this compares with US$3.5 million revenue and a US$166,000 net loss in Q2 2025, reflecting strong organic growth and improved profitability.

How did Omni-Lite (OLNCF) Adjusted EBITDA perform in Q2 2026 versus Q2 2025?

Omni-Lite’s Q2 2026 Adjusted EBITDA was approximately US$926,000, up sharply from US$95,000 in Q2 2025. According to Omni-Lite, the Adjusted EBITDA margin improved to 19.3% from 2.7%, supported by pricing discipline and manufacturing efficiencies across key business segments.

What were Omni-Lite (OLNCF) bookings and backlog as of June 30, 2026?

Omni-Lite recorded Q2 2026 bookings of about US$6.4 million and a record backlog of US$10.7 million. According to Omni-Lite, this backlog increased US$4.9 million year-over-year, and the quarter’s 1.34 book-to-bill ratio indicates orders exceeded shipments during the period.

What is Omni-Lite (OLNCF) cash and debt position after Q2 2026 results?

Omni-Lite ended Q2 2026 with US$3.1 million in cash and no outstanding debt. According to Omni-Lite, this balance sheet position provides robust liquidity while the company invests in working capital and productivity to support its expanding order book and growing backlog.

How did Omni-Lite (OLNCF) year-to-date fiscal 2026 results compare to 2025?

For the first six months of fiscal 2026, Omni-Lite reported US$9.2 million revenue and US$1.8 million Adjusted EBITDA. According to Omni-Lite, this compares with US$6.8 million revenue and US$503,000 Adjusted EBITDA in the prior-year period, with Adjusted EBITDA margin rising to 19.4%.

When is the Omni-Lite (OLNCF) Q2 2026 earnings conference call and how can investors join?

Omni-Lite scheduled its Q2 2026 investor conference call for August 19, 2026, at 4:00 PM EDT. According to Omni-Lite, U.S. participants can dial (800) 715-9871 toll-free, while international callers can use (646) 307-1963, joining five to ten minutes early.