IBC Advanced Alloys Corp.

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. 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.¹

• Fiscal year-to-date (YTD) sales of $13.8 million increased by 6.4% over the comparable prior-year period, driven primarily by sharply higher naval defense sector demand.

• YTD gross profit of $2,528,000 increased by 7.8% year-over-year (Y/Y) while gross profit in the quarter of $800,000 declined 13.5% Q/Q due to a one-time supply chain constraint that has since been corrected.

• On a consolidated basis, operating income and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA)¹ in the quarter increased Y/Y, largely driven by stronger sales and lower costs in the now-shuttered Engineered Materials (EM) division.

• On a consolidated basis, YTD loss of $2 million was lower compared to the comparable prior-year period largely due to higher sales and reduced costs.

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. 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.)¹

• Sales of $4.9 million for the quarter improved by 36.6% year-over-year (YOY). Sales rose by 6.8% 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 ("Adjusted EBITDA") of $349,000 compared to ($396,000) in the comparable prior-year period. Gross profit rose 21.7% YOY and gross margin strengthened by 67% 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 December 31, 2025, was lower compared to 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.

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

(This release updates the release that posted earlier on February 17, 2026 to update the amount.)

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

This press release corrects and replaces the release disseminated Thursday, 22 January 2026 12:20 PM ET.

The previous release contained incorrect content from a release previously disseminated. 

Please see the full corrected release below. 

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. 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.¹

• The operating loss from continuing operations in the quarter improved from $226,000 to $67,000.

• On a consolidated basis, Adjusted EBITDA for the quarter of ($55,000) compared favorably to adjusted EBITDA¹ of ($449,000) in the prior year quarter. IBC recorded a loss of $702,000, which compared favorably to a loss in the prior-year quarter of $1.2 million.

• Sales of $4.2 million for the quarter ended September 30, 2025 declined by 14.8% year-over-year (YOY).

Chairman and CEO Mark Smith's presentation will be webcast live at 3 PM on Oct. 30, 2025

Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. 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.¹

• IBC recently started producing shaped cast alloy parts, which broadens its manufacturing capabilities beyond forged alloy components. It also launched commercial production of aluminum-scandium alloy (containing 0.2% scandium), used across defense and commercial sectors.

• Sales of $17.8 million for the year ended June 30, 2025 declined by 30.8% year-over-year (Y/Y) due to weaker market demand for copper products driven by widespread global market uncertainty related to U.S. tariff and trade policies over the past nine months. Additionally, 44% of the relative decline, or approximately $7.8 million, was driven by two large, non-recurring orders in the comparative period of fiscal year 2024.

• Copper Alloys division's gross profit for the year decreased by 43.7%, and gross margin was down by 4%.

• On a consolidated basis, operating income and adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA") for the year were negative. A net loss of $3.4 million was recorded.

Highlights of the Quarter and Nine Months Ended March 31, 2025
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. 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.¹

• Copper Alloys division (continuing operations) sales of $13 million in the nine-month period ended March 31, 2025, compared to sales of $18.6 million in the comparable prior-year period. However, 89% of the relative decline, or approximately $5.01 million, was driven by two large, non-recurring orders in the comparative period of fiscal year 2024. The Company's Engineered Materials ("EM") division, where operations ceased and all contracts were completed before June 30, 2024, recorded no sales.

• Continuing operations reported a fiscal year to date ("YTD") operating loss¹ of $735,000 compared to operating income of $1.2 million in the comparative period.

• In the quarter, continuing operations booked positive adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $255,000. YTD, Adjusted EBITDA was a loss of $126,000.

• IBC reported a consolidated YTD net loss of $2.3 million ($0.029 per share) for continuing operations, or a loss of $3.2 million including discontinued operations.

Highlights of the Six Months Ended December 31, 2024
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)

IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continued and discontinued operations.¹

• Copper Alloys division (continuing operations) sales of $7.1 million in the six-month period ended December 31, 2024, compared to sales of $12 million in the comparable prior-year period. $3.2 million of the relative decline was primarily driven by two large, non-recurring orders in the comparable period of fiscal year 2024, with the balance due to softer market demand. The Company's Engineered Materials ("EM") division, where operations ceased and all contracts were completed before June 30, 2024, recorded no sales.

• Copper Alloys division's fiscal year to date ("YTD") operating loss¹ of $654,000 compared to operating income of $438,000 in the comparable prior-year period.

• The Copper Alloys division's YTD gross profit declined by 44.4% year-over-year ("Y/Y") while gross margin softened by 4%.

• IBC reported a consolidated YTD net loss of $2.6 million ($0.02 per share).

• The Company will host a live investor webcast to discuss these results on Monday, March 3 at 10 a.m. Eastern.

Presentation to be Webcast Live at 11:30 a.m. Eastern

Company's Recently Set Several Financial Performance Records in FY 2024

Company Sets Several Financial Performance Records in FY 2024 as it Now Focuses on Expanding its Copper Alloys Business

Highlights of the Quarter and Year Ended June 30, 2024
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)

For this period only, IBC is reporting the performance of "discontinued operations" at its Massachusetts facility, "continuing operations" at its Copper Alloy division, and a combination of continued and discontinued operations.^[1]

• IBC combined sales¹ increased 50.9% and 33.4% year-over-year ("Y/Y") for the quarter and year, respectively, on higher product demand. Continuing operations¹ at the Copper Alloys division generated $7.0 million in the quarter, a 28.7% Y/Y increase, and $25.7 million for the year, 19.3% Y/Y increase and a new sales record for the division.

• IBC combined operating income¹ of $2.3 million and $5.6 million in the quarter and year, respectively, showed marked improvement over prior-year period figures.

• IBC combined adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA")¹ of $2.9 million for the quarter and $7.4 million for the year, reversing comparative period losses.

• IBC combined gross margin¹ of 33.9% in the quarter, and 29.0% for the year, also reflect stronger performance than the prior-year periods and a favorable inventory adjustment in the quarterly result.

• IBC combinednet income¹ of $559,000 ($0.01 per share), and $1.7 million ($0.02 per share), for the quarter and year, respectively.

• IBC's working capital improved by $5.6 million in FY2024 over the prior year.

IBC's Beryllium Alloy Division Discontinues Operations as IBC Shifts to a Potential Expansion of its Indiana-Based Copper Alloys Business