Davidstea Inc. · TSXV:DTEA
Davidstea — Shareholder Meeting (June 2026)
15 slides from Davidstea's shareholder meeting presentation, Jun 16, 2026
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders June 16, 2026
Slide 2: Business Update
Business Update Sarah Segal Chief Executive Officer & Chief Brand Officer 2
Slide 3: Cautionary Forward-Looking Statements
Cautionary Forward-Looking Statements This presentation includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and there are, or may be deemed to be, “forward-looking statements” in this presentati
Slide 4: FY 2025 Results – Fundamental Reset of Business
FY 2025 Results – Fundamental Reset of Business › Achieved IFRS profitability with net income of $2.9 million • Driven by retail store-led omnichannel growth model • Disciplined execution, leaner cost structure, stronger margins › Generated sales of $61.0 million, slightly down year-over-year • Reta
Slide 5: Channel Sales
Channel Sales Online Sales Brick-and-Mortar Wholesale (in millions of CAD$) (in millions of CAD$) (in millions of CAD$) (7.6)% 10.4% (8.4)% 24.3 8.8 31.0 28.6 8.1 22.0 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 • Reduced U.S. cross-border volume due to tariffs • Continued pick-up of in-store sh
Slide 6: Geographic Sales
Geographic Sales Canada U.S. (in millions of CAD$) (in millions of CAD$) 1.5% (18.4)% 53.8 8.8 7.2 53.0 FY 2024 FY 2025 FY 2024 FY 2025 • Revenue from three new stores in 2024 and 2025, along with higher • Adversely affected by elimination of de minimis trade exemption comparable store sales growth
Slide 7: Retail Stores – Growth Engine
Retail Stores – Growth Engine › Four new stores in FY 2026, raising count to 25 • H1: Oshawa and Mississauga • H2: Edmonton and Vancouver area › Proven store economics • ~750 sq ft | $400–475K capex | $1.2–1.4M annual sales • 25% four-wall contribution | 15–18 month payback › Retail stores serve as
Slide 8: Q1 2026 Overview
Q1 2026 Overview › Sales totaled $13.0 million • Compared to $13.7 million in Q1 2025 › Gross profit reached $7.8 million • 59.7% of sales versus 59.5% last year › Profitability improved year-over-year • Net income of $0.1 million • Adjusted EBITDA1 of $1.6 million › Strengthened operational efficie
Slide 9: Q1 2026 Financial Position
Q1 2026 Financial Position (in millions of CAD$) $0.8M › Cash position improved YoY by $0.8 million 16.5 › Working capital reached $18.0 million 11.2 10.4 7.6 8.1 › Revenue-linked financing balance reduced to $0.4 million › Private placement helping to fund growth strategy Q1 2025 Q2 2025 Q3 2025 Q4
Slide 10: Seeking B Corp Certification
Seeking B Corp Certification › Provides rigorous third-party verification for social, environmental, and governance practices • Special resolution at Annual Meeting • Balancing purpose and profit › Member of Ethical Tea Partnership (ETP) • Taking next step to improve accountability and transparency
Slide 11: Key Takeaways
Key Takeaways 1 Returned to IFRS profitability in FY 2025 ▪ Net income reached $2.9 million 2 Leveraging store-led omnichannel growth strategy ▪ Four new stores planned for 2026, raising count to 25 ▪ Serving as brand billboard and demand driver for other sales channels 3 Decisive action taken on U.
Slide 12: Appendix
Appendix 12
Slide 13: Non-IFRS Financial Measures and Ratios: FY 2025
Non-IFRS Financial Measures and Ratios: FY 2025 Reconciliation of Net Income (Loss) to EBITDA For the three-months ended For the year ended J a n u a r y 31, F e b r ua r y 1, J a n u a r y 31, F e b r ua r y 1, 2026 2025 $ Change % Change 2026 2025 $ Change % Change Net income (loss) $ 5,274 $ 2,49
Slide 14: Non-IFRS Financial Measures and Ratios: Q1 2026
Non-IFRS Financial Measures and Ratios: Q1 2026 Reconciliation of Net Income (Loss) to EBITDA For the three-months ended May 2, May 3, 2026 2025 $ Change % C ha ng e Net income (loss) $ 61 $ (166) $ 227 136.7% Interest on lease liabilities 174 217 (43) (19.8)% Interest on revenue-linked advances 54
Slide 15: www.davidstea.com
www.davidstea.com www.davidstea.com