OMNI-LITE INDUSTRIES REPORTS THIRD QUARTER AND YEAR-TO-DATE FISCAL 2025 RESULTS

Rhea-AI Summary

Omni-Lite (OLNCF) reported third quarter fiscal 2025 results for the period ending September 30, 2025, with Q3 revenue of US$4.0 million (up 16.8% sequentially), Adjusted EBITDA of ~US$325,000, and Q3 free cash flow of ~US$116,000. Cash on hand was US$3.0 million with no debt outstanding. Q3 bookings were US$5.5 million, producing a record backlog of US$7.1 million and a book-to-bill of 1.36. Year-to-date highlights include US$10.8 million revenue, Adjusted EBITDA of ~US$828,000, and free cash flow of ~US$627,000. Management noted strong fastener bookings, more normalized electronics revenue, and pending pricing changes for jet engine casting contracts.

Positive

• Revenue +16.8% sequential increase in Q3 to US$4.0M
• Adjusted EBITDA +73.8% YoY to ~US$325k (from US$187k)
• Record backlog US$7.1M after US$5.5M Q3 bookings
• Cash US$3.0M and no debt
• YTD Adjusted EBITDA US$828k and free cash flow US$627k

Negative

• Electronics revenue reduced year-over-year despite sequential normalization
• Anticipated weaker casting bookings while renegotiating long-term jet engine pricing
• Bookings from acquired eComp business have not yet materialized

CONFERENCE CALL FOR INVESTORS NOVEMBER 12, 2025, AT 11:00 AM EST

Third Quarter Fiscal 2025 Highlights

•      Revenue of US$4.0 million, a 7.0% and 16.8% Increase Over the Year Ago
      Period and Prior Quarter, respectively
•      Adjusted EBITDA⁽¹⁾ of approximately US$325,000
•      Free Cash Flow⁽¹⁾ of approximately US$161,000, Resulting in Balance
       Sheet Cash of $3.0 million
•      US$5.5 million in Bookings, Yielding a Historical High Backlog of US$7.1
      million

YTD Fiscal 2025 Highlights

•      Revenue of US$10.8 million
•      Adjusted EBITDA⁽¹⁾ of approximately US$828,000
•      Free Cash Flow⁽¹⁾ of approximately US$627,000

LOS ANGELES, CALIFORNIA, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) today reported results for the third quarter ending September 30, 2025. Full financial results are available at sedarplus.ca.

Third Quarter Fiscal 2025 Results

Revenue for the third quarter of fiscal 2025 was approximately US$4.0 million, representing an increase of 7.0% and 16.8% as compared to the third quarter of fiscal 2024 and second quarter of fiscal 2025, respectively. The increase in revenue was largely due to organic growth in our fasteners businesses offset by a reduction in the electronics components business year over year, but on a quarter over quarter measure, the electronic component business productivity returned to a more normalized level.

Adjusted EBITDA⁽¹⁾ for the third quarter of fiscal 2025 was approximately US$325,000, as compared to approximately US$187,000 in the third quarter of fiscal 2024.  The increase in adjusted EBITDA was due to incremental revenue and margins underpinned by product mix and better overhead absorption.

The Company’s balance sheet was strengthened from the third quarter of fiscal 2024 with US$3.0 million in cash, an increase of approximately US$416,000, and no debt outstanding.  Free Cash Flow⁽¹⁾ was approximately US$116,000 for the third quarter 2025. 

Bookings in the third quarter of fiscal 2025 were US$5.5 million and, as a result, the backlog at September 30, 2025, reached another historical high of US$7.1 million, representing a book-to-bill ratio of 1.36.

Management Comments

Dave Robbins, CEO said “I am quite pleased to exceed the US$4.0 million revenue mark and achieve bookings of $5.5 million in the quarter.  Sales in the quarter were anchored by continued strong fastener business, more normalized revenue levels from electronics, and steady casting business.   Bookings in the quarter were very strong for fasteners and electronics offset by anticipated weaker casting bookings as a renegotiated long-term pricing agreement for jet engine components nears completion.  Omni-Lite stands to benefit from more favorable pricing when the new contract takes effect.  Meaningful bookings from our newly acquired eComp business have yet to materialize but the Company anticipates activity to increase into year end and in 2026 from electronic system modernization programs and Defense Logistics Agency requirements.” 

Financial Summary
All figures in (US$000) unless noted.

                                                  

Investor Conference Call

Omni-Lite will host a conference call for investors on November 12, 2025, beginning at 11:00 A.M. (EST) to discuss the Third Quarter 2025 results and review of its business and operations. To join the conference call, 888-672-2415 in the USA, or 646-307-1952 for all other countries. Please call five to ten minutes prior to the scheduled start time. A replay of the conference call will be available 48 hours after the call and archived on the Company’s investors page of the Company’s website at www.omni-lite.com for 12 months.

(1)Adjusted EBITDA is a non-IFRS financial measure defined as earnings before interest, taxes, depreciation, amortization, stock- based compensation provision, gains (losses) on sale of assets, and non-recurring items, if any. Free Cash Flow is a non-IFRS financial measure defined as cash flow from operations minus capital expenditures. Adjusted Free Cash Flow is a non-IFRS financial measure defined as Free Cash Flow excluding special items, among others, gains (losses) on sale of assets and non- recurring items, net of tax effects, if any. These are non-IFRS financial measures, as defined herein, and should be read in conjunction with IFRS financial measures and they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. The non-IFRS financial measures used herein may not be comparable to similarly titled measures reported by other companies. We believe the use of Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow along with IFRS financial measures enhances the understanding of our operating results and may be useful to investors in comparing our operating performance with that of other companies and estimating our enterprise. 

Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow are also useful tools in evaluating the operating results of the Company given the significant variation that can result from, for example, the timing of capital expenditures and the amount of working capital in support of our customer programs and contracts. We also use Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow internally to evaluate the operating performance of the Company, to allocate resources and capital, and to evaluate future growth opportunities.

Please see Q3 2025 Management Discussion and Analysis for additional notes and definitions.

About Omni-Lite Industries Canada Inc.

Omni-Lite Industries Canada Inc. is an innovative company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies in the aerospace and defense industries.

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

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 change) accepts responsibility for the adequacy or accuracy of this release.

FAQ

What were Omni-Lite (OLNCF) Q3 2025 revenue and adjusted EBITDA?

Q3 2025 revenue was US$4.0 million and Adjusted EBITDA was approximately US$325,000.

How large is Omni-Lite's backlog after Q3 2025 and what is the book-to-bill?

Backlog at September 30, 2025 was US$7.1 million with a book-to-bill ratio of 1.36.

What is Omni-Lite's cash and debt position as of Q3 2025?

The company reported US$3.0 million in cash and no debt outstanding.

Did Omni-Lite report free cash flow for Q3 and year-to-date 2025?

Q3 free cash flow was approximately US$116,000; YTD free cash flow was approximately US$627,000.

What drove Omni-Lite's Q3 2025 revenue growth and bookings?

Growth was driven by organic fastener strength, more normalized electronics productivity, and steady casting sales; bookings were strong in fasteners and electronics.

What near-term risks did Omni-Lite disclose that could affect bookings?

Management noted anticipated weaker casting bookings during renegotiation of a long-term jet engine pricing agreement and that eComp bookings have yet to materialize.