Mattr Announces Fourth Quarter & Full Year 2025 Results: Enhanced Exposure to North American Wire and Cable Markets Drives Year Over Year Growth

Executive Summary

• Mattr Corp. reported a strong year‑over‑year increase in revenue (+43 % YoY to C$1.27 bn) and Adjusted EBITDA (+43 % YoY to C$154.8 m), driven by the AmerCable acquisition and improved manufacturing efficiencies.
• Net income from continuing operations swung to a positive C$48.3 m (+903 % YoY); diluted EPS turned positive at $0.75 versus a loss of $(0.06) in 2024.
• The company repurchased 2.1 M shares for C$23.3 m and plans to focus on debt reduction in 2026, with capital expenditures of $35‑$45 m (below prior range).

Key Details

• Revenue: Q4 2025 C$312.5 m (+50.4 % YoY); FY 2025 C$1,268.5 m (+43.3 % YoY).
• Operating Income: Q4 2025 C$13.4 m (+242.7 % YoY); FY 2025 C$59.6 m (+48.5 % YoY).
• Adjusted EBITDA: Q4 2025 C$31.8 m (+149.9 % YoY); FY 2025 C$154.8 m (+43.1 % YoY).
• Net Income (Continuing): FY 2025 C$48.3 m (+902.6 % YoY).
• Diluted EPS: FY 2025 $0.75 vs. $(0.06) in 2024; Adjusted diluted EPS $0.55 vs. $0.69 (down slightly).
• Share Repurchases: 2.1 M shares for C$23.3 m under NCIB in 2025; none repurchased in Q4.
• Debt Reduction: Repaid $43.5 m of credit facility in Q4 2025; total net debt‑to‑Adjusted EBITDA fell to 3.11× (from 1.01× prior year).
• Capital Allocation Outlook 2026: Expected capex $35–$45 m (≈$15 m maintenance, $20–$30 m growth); focus on debt reduction; revenue and Adjusted EBITDA expected to be flat or slightly below 2025 levels.
• Segment Highlights – Connection Technologies: Revenue $738.7 m (+107 % YoY), Operating Income $54.6 m (+28 % YoY), Adjusted EBITDA $96.2 m (+69 % YoY).
• Segment Highlights – Composite Technologies: Revenue $529.8 m (≈flat YoY), Operating Income $45.4 m (+23 % YoY), Adjusted EBITDA $80.5 m (+12 % YoY).
• MEO Costs: No MEO costs incurred in Q4 2025; prior‑year projects completed, future reporting of MEO costs discontinued.

Notable Quotes

“While near-term economic and cross‑border trade conditions are expected to pressure certain end‑markets during 2026, we believe our differentiated technologies, rising manufacturing efficiency and disciplined capital allocation approach, position Mattr to deliver enhanced longer‑term sales, margins, and cash generation.” – Mike Reeves, President & CEO

Materiality: Material – Positive (significant earnings improvement, positive EPS, strategic debt reduction, and forward‑looking guidance).