AIMIA REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS

About this update from American Integrity Insurance Group, Inc.

TORONTO , March 24, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) ("Aimia" or the "Company"), today reported its financial results for the three-month period and full year ended December 31, 2025. All amounts are in Canadian currency unless otherwise noted. SENIOR LEADERSHIP COMMENTARY "Aimia ended 2025 with a higher cash position, lower HoldCo costs, and more than 5.9 million common shares repurchased," said Rhys Summerton, Aimia's Executive Chairman. "We have sustained this momentum into the new year by entering into a definitive agreement to sell our specialty chemicals core holding, accelerating our transition to become a sustainable permanent capital vehicle." Mr. Summerton added, "In the near term we expect to deploy the net proceeds from the Bozzetto sale, which we anticipate will be in the range of $265 to $271 million, to reduce HoldCo indebtedness and to allocate towards investments, consistent with our three-step strategy." AIMIA'S Q4 2025 HIGHLIGHTS KEY DEVELOPMENTS IN 2025 HIGHLIGHTS SUBSEQUENT TO QUARTER END CONSOLIDATED FINANCIAL HIGHLIGHTS This press release should be read in conjunction with Aimia's consolidated financial statements and management discussions and analysis (MD&A) for the three-month and full-year periods ended December 31, 2025, which can be accessed from SEDAR+ and www.aimia.com. Balance Sheet and Liquidity As at December 31, 2025, Aimia had $109.2 million in cash and cash equivalents. As at September 30, 2025, Aimia had $106.5 million of cash and cash equivalents. The quarter-over-quarter increase in Aimia's liquidity was largely attributable to the receipt of an $8.8 million tax refund from Revenu Québec and $19.4 million in net cash flows from operating activities in Q4 2025. The increase was offset by a number of fourth quarter items, including $6.9 million of interest paid on Aimia's 9.75% senior notes, $4.7 million of interest paid on Bozzetto's credit facilities, $3.6 million used for common share buybacks, $3.2 million of principal repayments by Bozzetto on its credit facilities, $5 million of investments in property, plant and equipment, and $0.7 million of preferred share dividend payments. Of Aimia's cash and cash equivalents held at December 31, 2025, $50 million was held in Bozzetto, $14.4 million in Cortland International, and $44.8 million in the Holdings segment. Available Tax Losses As at December 31, 2025, Aimia had $1,084.6 million of tax losses available for carry forward that may be used to reduce taxable income in future years. The total available for carry forward is comprised of $506.6 million of operating tax losses and $578 million of capital tax losses. Dividends on Preferred Shares Aimia paid $0.7 million in dividends for the fourth quarter ended December 31, 2025, on its three series of outstanding preferred shares. In the same period of 2024, Aimia paid $3.8 million in dividends. The year-over-year decline reflects the successful completion of the Corporation's substantial issuer bid that resulted in the purchase for cancellation 7,889,931 Preferred Shares in consideration for the 9.75% senior unsecured notes. Aimia's Board of Directors declared quarterly dividends of $0.392563 per Series 1 preferred share, $0.485813 per Series 3 preferred share and $0.395630 per Series 4 preferred share, in each case payable on March 31, 2026, to shareholders of record on March 25, 2026. Dividends paid by Aimia to Canadian residents on its preferred shares are "eligible dividends" for the purpose of the Income Tax Act (Canada) and any similar applicable provincial legislation. SEGMENT RESULTS Aimia is comprised of three segments: Bozzetto, Cortland International, and Holdings. Financial highlights for each segment for the three-months and full year ended December 31, 2025 follow. Bozzetto Aimia owns a 94.18% equity stake in Bozzetto, one of the world's leading providers of sustainable specialty chemicals with solutions in textile, home and personal care, geothermal, construction, and agrochemical markets. Bozzetto's management team owns the remaining 5.82%. Cortland International Aimia owns a 100% equity stake in Cortland International, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions for maritime and other industrial customers. Holdings Segment The Holdings Segment includes Aimia's investments in Clear Media Limited as well as minority investments in public company securities and limited partnerships. The results of the Holdings Segment include corporate operating costs, including costs related to public company disclosure and board, executive leadership, legal, finance and administration. Outlook and Guidance In FY2025, Aimia's core holdings generated $85.6 million of adjusted EBITDA on a combined basis, broadly in line with its target for the year. Holding Company costs in FY2025 were $7.7 million, excluding one-time expenses and related professional fees associated with the settlements of the tax audit and the litigation with a former executive, lower than the expected target of $9 million for the year. In light of Aimia's sale of Bozzetto, which is expected to close in the second quarter, the Company will not provide any guidance for its results in 2026 but remains committed to reducing its Holding Company costs to $7 million or below for the year. Quarterly Conference Call and Audio Webcast Information Aimia will host a conference call to discuss its fourth quarter and full year 2025 financial results at 8:30 am ET on March 24. The call will be webcast at the following URL: https://app.webinar.net/7AloDEJnZm8 Interested parties can listen to conference call by dialing 1 888 699 1199 or 1 416 945 7677 (internationally). A slide presentation intended for simultaneous viewing with the conference call and an archived audio webcast will be available for 90 days following the original broadcast available at: https://www.aimia.com/investor-relations/events-presentations/ . About Aimia Aimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia's priorities include reducing holding company costs, increasing its intrinsic value, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies. For more information about Aimia, visit www.aimia.com. Non-GAAP Financial Measures and Reconciliation to Comparable GAAP Measures "GAAP" means Canadian Generally Accepted Accounting Principles (which are in accordance with the International Financial Reporting Standards). Adjusted EBITDA Adjusted EBITDA is not a measurement based on GAAP, is not considered an alternative to net earnings in measuring profitability, does not have a standardized meaning and is not directly comparable to similar measures used by other issuers. Adjusted EBITDA should not be used as an exclusive measure of cash flow because it does not account for the impact of working capital growth, capital expenditures, debt repayments and other sources and uses of cash, which are disclosed in the statements of cash flows. A reconciliation to operating income (loss) is provided. Adjusted EBITDA is used by management to evaluate the performance of its Bozzetto, Cortland International and Holdings segments. Management believes Adjusted EBITDA assists investors in comparing Aimia's performance on a consistent basis excluding depreciation and amortization, impairment charges related to non-financial assets and share-based compensation, which are non-cash in nature and can vary significantly depending on accounting methods as well as non-operating factors such as historical cost. Aimia's management believes that the exclusion of business acquisition and/or disposal related expenses assists investors by excluding expenses that are not representative of the run-rate cost structure of its operations. Adjusted EBITDA is operating income (loss) adjusted to exclude depreciation, amortization, impairment charges related to non-financial assets, cost of sales expense related to inventory fair value step up resulting from purchase price allocation, share-based compensation, expenses related to Cortland International's long-term management incentive plan, gain/loss from the disposal of manufacturing property and land, costs related to the termination of the Paladin agreements, as well as transaction costs related to business acquisitions and divestitures. For a reconciliation of Adjusted EBITDA to operating income (loss), please refer to the tables below.     For a reconciliation of HoldCo costs to the Holdings segment's Selling, general and administrative expenses, please refer to the table below. Headline earnings per common share The Corporation's shares are also listed on the JSE which requires the Corporation to present headline and diluted headline earnings (loss) per share. Headline earnings (loss) per share is calculated by dividing headline earnings (loss) attributable to equity holders of the Corporation by the weighted average number of common shares issued and outstanding during the period. The following table summarizes the adjustments to earnings (loss) attributable to equity holders of the Corporation for the purpose of calculating headline earnings (loss) attributable to the equity holders of the Company, and the headline earnings (loss) and diluted headline earnings (loss) per share. Adjusted amounts represented under the "Gross" column are pre-tax whereas adjusted amounts under the "Net" column are net of tax. Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon Aimia's current expectations, estimates, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. Forward-looking statements are typically identified by the use of terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would" and "should", and similar terms and phrases, including references to assumptions. Forward-looking statements in this press release include, but are not limited to, Aimia's future capital allocation activities; Aimia's reduction in holding company costs; and the potential use of Aimia's net proceeds from the sale of its Bozzetto interest. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to the Company can be found in Aimia's current Management's Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR+ and can be accessed at www.sedarplus.ca. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aimia disclaims any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. View original content: http://www.newswire.ca/en/releases/archive/March2026/24/c5607.html

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