Dirtt Environmental Solutions Ltd · TSX:DRT
Dirtt Environmental Solutions — Q4 2025 Earnings Presentation
19 slides from Dirtt Environmental Solutions's earnings presentation, Feb 26, 2026
Slide 1: Fourth Quarter 2025 Investor Deck – Supplement to Earnings Call
FOURTH QUARTER 2025 INVESTOR DECK – SUPPLEMENT TO EARNINGS CALL FEBRUARY 26, 2026 TSX: DRT OTC: DRTTF © DIRTT ALL RIGHTS RESERVED 1
Slide 2: Advisory
Advisory CAUTIONARY STATEMENT REGARDING material adverse effect on our business, financial condition, the overall construction industry; our reliance on our return such subsidies); future mergers, acquisitions, FORWARD-LOOKING STATEMENTS results of operations and growth prospects include, but are ne
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures NOTE REGARDING USE OF NON-GAAP FINANCIAL foreign exchange movements), asset base (depreciation charges, net interest income on cash deposits, interest incorporated by reference herein. In addition to the MEASURES and amortization), tax consequences, reorganization expense
Slide 4: DIRTT is Transforming Interior Construction
DIRTT is Transforming Interior Construction DIRTT offers prefabricated interior solutions, reconfigurable to client needs. Solutions span drywall alternatives, glass partitions, casework, power, networks, floors, and more. Proprietary ICE® Software drives end-to- end implementation real-time design,
Slide 5: Capturing Opportunities Across Multiple Growth Markets
Capturing Opportunities Across Multiple Growth Markets Workplace Healthcare Education Public Sector In the Workplace, DIRTT provides Healthcare spaces cannot afford Education providers are looking for Flexible, future-proof solutions premium, flexible solutions that adapt disruptive construction cyc
Slide 6: Strategic Transformation Framework
Strategic Transformation Framework STRATEGIC EXECUTION – VALUE FOUNDATION NEW OPERATING MODEL CREATION Greater Revenue P Commercial P Capacity Corporate Structurally Higher Strategy P Finance P Earnings Power Operations + Enhanced Free Cash P Manufacturing P Flow Generation Transformation Progress P
Slide 7: Corporate Strategy Pillars
Corporate Strategy Pillars 1 2 3 4 5 6 7 Strengthen Evolve Improve Enable Superior Optimize Create Continue Our Brand + Our Sales + Our Project Customer Our Product Competitive to Build a Market Support Execution Experience Offering Advantage Great Team Positioning Approach Through Through Technolog
Slide 8: New Operating Model
New Operating Model Build Supply Chain + Project Simplify ICE Create Workflows Offer Installation Manufacturing Capabilities Expand Filter Software To Match Complexity As A Service To Match Demand Construction Channel Ma rk et Ideal Customer L0 Minimizing Flexible Value Touchpoints Ease Of Use Strea
Slide 9: Financial Highlights
Financial Highlights © DIRTT ALL RIGHTS RESERVED 9
Slide 10: Q4 Financial Highlights
Q4 Financial Highlights Adj. EBITDA Growth1 Strong Balance Sheet Adjusted EBITDA1 of $6.2M (12.1% of Closed with $32.1M of liquidity revenue), compared to $5.5M (11.2%) in Q4 at December 31, 2025 2024 and $1.2M (3.1%) in Q3 2025 ($20.3 million of unrestricted cash and $11.8 million liquidity availab
Slide 11: Gross Profit Margin + Adjusted Gross Profit Margin
Gross Profit Margin + Adjusted Gross Profit Margin1 Fourth Quarter 2025 Highlights + Adjusted Gross Profit Margin1 of 38.7%, a modest decrease YoY (0.1%), but significant increase QoQ (5.6%) + Q3 sequential margin expansion was the result of greater fixed cost absorption due to increased topline, as
Slide 12: Earnings Power - EBITDA Margin + Adjusted EBITDA Margin
Earnings Power - EBITDA Margin + Adjusted EBITDA Margin 1 Fourth Quarter 2025 Highlights + Substantial growth in Adjusted EBITDA1 due to cost-reduction effort, tariff mitigation realization, and various add-backs + Enterprise-wide transformation has introduced new operating leverage and capacity int
Slide 13: Capital Structure + Allocation
Capital Structure + Allocation Fourth Quarter 2025 Highlights + Net Leverage1 has stepped down NET LEVERAGE1 SHARE COUNT from its peak of 4 turns in FY 2023, and may decrease further millions of shares with growth in earnings power (as implied by FY 26 guidance) + Company continues to optimize its c
Slide 14: FY 2026 Financial Guidance
FY 2026 Financial Guidance Strategic transformation driving topline expansion and earnings power growth Transformation + Transformation Office evolved into short- term strategic hires to help accelerate REVENUE (E) ADJ. EBITDA (E) 1 strategic initiatives aimed at i) improved manufacturing best pract
Slide 15: Supplementary
Supplementary © DIRTT ALL RIGHTS RESERVED 15
Slide 16: Liquidity + Additional Financial Highlights
Liquidity + Additional Financial Highlights ($ millions) December 31, 2025 December 31, 2024 + Total liquidity of $32.1M at December 31, 2025 Cash and cash equivalents 20.3 29.3 ($20.3M of unrestricted cash and $11.8M liquidity Restricted cash 0.2 0.2 available under asset backed credit facility). T
Slide 17: Summary of Consolidated Financial Results
FINANCIAL RESULTS Summary of Consolidated Financial Results For the period ended December 31 Three Months ($ millions, except per share amounts) 2025 2024 % Change Revenue 50.9 48.9 4% Gross profit 18.6 17.5 6% Gross profit margin 36.6% 35.9% 1 Adjusted Gross Profit 19.7 19.0 4% 1 Adjusted Gross Pro
Slide 18: Non-GAAP Financial Measures
FINANCIAL RESULTS Non-GAAP Financial Measures FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Q4 2024 Q3 2025 Q4 2025 ($ in millions) Gross profit 23.5 28.2 59.5 64.4 55.4 17.5 11.5 18.6 Gross profit margin 15.9% 16.4% 32.7% 36.9% 32.8% 35.9% 30.4% 36.6% Add: Depreciation and amortization expense 8.8 10.8 5
Slide 19: © DIRTT ALL RIGHTS RESERVED
© DIRTT ALL RIGHTS RESERVED
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