Envela Corporation · AMEX:ELA
Envela — Q3 2025 Earnings Presentation
25 slides from Envela's earnings presentation, November 2025
Slide 1: Q3-2025 Financial Results
Q3-2025 FINANCIAL RESULTS NOVEMBER 2025
Slide 2: Index
INDEX INTRODUCTION FINANCIAL PERFORMANCE APPENDICES Disclaimers and References 3 Envela 6 Historical Financial Results 19 Overview 4 Consumer Segment 13 Supplemental Financial Metrics 21 Commercial Segment 16 Glossary 22 Analyst Coverage 24 Contact Us 25 Q3- 2025 FINANCIAL RESULTS 2
Slide 3: Disclaimers and References
DISCLAIMERS AND REFERENCES ADDITIONAL REFERENCE MATERIALS NON-UNITED STATES (“U.S.”) GENERALLY ACCEPTED This presentation should be read in conjunction with materials from Envela Corporation ACCOUNTING PRINCIPLES (“GAAP”) FINANCIAL MEASURES (“Envela” or the “Company”), including news releases, websi
Slide 4: Overview
OVERVIEW CO N S U M E R S E G M E N T Retail Wholesale Online Manufacturing • Bullion • Bullion • Bullion • Value manufacturing Envela is a portfolio of • Designer handbags • Scrap jewelry • Numismatics & capabilities utilizing repurposed • Fine jewelry • Diamonds & collectibles leading brands dedic
Slide 5: Financial Performance
5 Q3- 2025 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Envela Significant Items
Envela SIGNIFICANT ITEMS Our consumer segment is gaining traction post-expansion and has benefited from strong movements in the spot price of gold and silver, resulting in a 32.8% increase in gross margin over Q3 2024. The gross margin improvement was the primary driver of operating income increasin
Slide 7: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $208,844 $182,686 $175,264 $180,376 $140,966 $113,922 Trailing Four Quarters Ended 09/30/2025: Revenue of $208.8 million Gross Margin of $48.6 million 2020 2021 2022 2023 2024 Trailing Four Quarters Ended Q3 2025: 09/30/2025 Reven
Slide 8: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $13,945 $12,465 $9,497 $8,757 $8,159 $6,787 Trailing Four Quarters Ended 09/30/2025: Operating Income of $12.5 million Adjusted EBITDA of $14.2 million 2020 2021 2022 2023 2024 Trailing Four Quarters Ended Q3
Slide 9: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Shareholders' Equity ($ in thousands) $61,066 $52,652 $48,309 $43,316 $27,627 $17,578 Period Ended 09/30/2025: Shareholders’ Equity of $61.1 Million 2020 2021 2022 2023 2024 09/30/2025 Cash and Cash Equivalents of $24.4 Million Net Cash ($ in thousands) Total Debt of $12.
Slide 10: Share Repurchases
Envela SHARE REPURCHASES The company has implemented a strategic buyback program, recognizing the inherent value of repurchasing stock when it is undervalued. This initiative reflects our ongoing commitment to maximizing shareholder value. Repurchased as of 09/30/25: 961,155 Remaining Q3- 2025 FINAN
Slide 11: Quarterly Results
Envela QUARTERLY RESULTS $000s Q3 2025 Q3 2024 $ % Sales 57,389 46,900 10,490 22.4% Q3 2025 vs. Q3 2024: Cost of goods sold 44,321 35,435 8,886 25.1% Gross margin $ 13,068 $ 11,464 $ 1,604 14.0% Revenue increased 22.4% to $57.4 million in the third Expenses: Selling, general and administrative 8,394
Slide 12: Consumer Segment
Q3- 2025 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Adjusted EBITDA
Consumer Segment ADJUSTED EBITDA Consumer Adjusted EBITDA ($ in thousands) $7,472 Trailing Four Quarters Ended 09/30/2025: $4,980 $5,008 Adjusted EBITDA of $3.0 million $3,437 $2,989 Q3 2025: $670 Adjusted EBITDA of $1.4 million 2020 2021 2022 2023 2024 Trailing Four Quarters Ended Q3- 2025 FINANCIA
Slide 14: Consumer Segment Quarterly Results
Consumer Segment QUARTERLY RESULTS $000s Q3 2025 Q3 2024 $ % Sales 45,068 33,757 11,311 33.5% Q3 2025 vs. Q3 2024: Cost of goods sold 39,867 29,840 10,027 33.6% Gross margin $ 5,201 $ 3,916 $ 1,285 32.8% Revenue increased 33.5% to $45.1 million in the third Expenses: Selling, general and administrat
Slide 15: Commercial Segment
COMMERCIAL CONSUMER Q3- 2025 FINANCIAL RESULTS SEGMENT SEGMENT 15
Slide 16: Commercial Segment Adjusted EBITDA
Commercial Segment ADJUSTED EBITDA Commercial Adjusted EBITDA ($ in thousands) $11,285 Trailing Four Quarters Ended 09/30/2025: $9,041 $7,924 Adjusted EBITDA of $11.3 million $5,443 $5,111 $4,079 Q3 2025: Adjusted EBITDA of $3.3 million 2020 2021 2022 2023 2024 Trailing Four Quarters Ended Q3- 2025
Slide 17: Commercial Segment Quarterly Results
Commercial Segment QUARTERLY RESULTS $000s Q3 2025 Q3 2024 $ % Sales 12,321 13,143 (822) -6.3% Q3 2025 vs. Q3 2024: Cost of goods sold 4,455 5,595 (1,141) -20.4% Gross margin $ 7,867 $ 7,548 $ 319 4.2% Revenue decreased 6.3% to $12.3 million in the third Expenses: Selling, general and administrative
Slide 18: Appendices
Q3- 2025 FINANCIAL RESULTS 18 APPENDICES
Slide 19: Historical Financial Results
HISTORICAL Consolidated Trailing Four Quarters Ended FINANCIAL $000s, except per unit amounts Sales FY 2021 140,966 FY 2022 182,686 FY 2023 175,264 FY 2024 180,376 09/30/25 208,844 RESULTS Cost of goods sold 109,745 137,859 133,607 136,060 160,279 Gross margin $31,221 $44,827 $41,657 $44,316 $48,565
Slide 20: Historical Financial Results by Segment
HISTORICAL FINANCIAL RESULTS Consumer Segment Commercial Segment Trailing Four Trailing Four Quarters Quarters Ended Ended $000s FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 $000s FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 Sales 96,719 131,107 129,414 130,469 161,509 Sales 44,247 51,578 45,850 49,907 47,3
Slide 21: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS $000s 12/31/21 12/31/22 12/31/23 12/31/24 09/30/25 Consolidated Debt Trailing Four Debt Obligations $18,736 $15,977 $14,933 $13,522 $12,486 Quarters QTR. 4 QTR. 1 QTR. 2 QTR. 3 Ended Total Cash (10,138) (17,170) (17,854) (20,609) (24,424) $000s FY 2024 FY 2025 FY 2025
Slide 22: Glossary
GLOSSARY ADJUSTED DEBT TO ADJUSTED EBITDAR LEVERAGE RATIO COMPANY The Adjusted Debt to Adjusted EBITDAR Leverage Ratio is a non-U.S. GAAP Envela Corporation, a Nevada corporation, and its subsidiaries measure and represents (i) Adjusted Debt Obligations divided by (ii) Adjusted EBITDAR. DEBT TO NET
Slide 23: Glossary
GLOSSARY NET DEBT OBLIGATIONS TRAILING FOUR QUARTERS Net Debt Obligations is a non-U.S. GAAP measure and represents the difference The Trailing Four Quarters ended period is defined as the cumulative total amount between (i) Debt Obligations per the Balance Sheet and (ii) Total Cash. of the most rec
Slide 24: Analyst Coverage
ANALYST COVERAGE Jeff Van Sinderen Richard Magnusen Mark Argento A N A LY S T A N A LY S T A N A LY S T jvansinderen@brileyfin.com rmagnusen@brileyfin.com mark.argento@lakestreetcm.com 310-966-9098 310-966-9368 612-326-1311 Q3- 2025 FINANCIAL RESULTS brileyfin.com lakestreetcapitalmarkets.com 24
Slide 25: Contact Us
THANK YOU CONTACT US HEADQUARTERS Envela Corporation 1901 Gateway Drive Irving, TX 75038 PHONE (972) 587-4049 INVESTOR RELATIONS CONTACT ir@envelacorp.com envela.com