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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

Fab-Form Industries Ltd. Announces Results for the Quarter Ended 31 December 2025

By The Northwire Desk — AI Analysis Mar 02, 2026 · 13:59 FBF · 1.12 Fab-Form Industries Ltd.
FBF · Price

Executive Summary

  • Fab‑Form reported a sharp decline in Q4 2025 revenue (‑16.6%) and earnings (‑70% YoY), with net earnings of $35,162.
  • Cash and short‑term investments total $4.27 M, maintaining strong liquidity despite the downturn.
  • The company advanced several product initiatives (SPACE‑R, Fast‑Tube 3.0, Flex‑RTM) and secured key IP rights in the sub‑slab insulation market.

Key Details

  • Revenue: $859,728 for quarter ended 31 Dec 2025 vs. $1,030,927 YoY (‑16.61%).
  • Gross profit: $287,006; gross margin 33%, consistent with lower sales volume.
  • Operating expenses: Flat YoY; G&A down 6.71%; marketing up 16.05% due to trade‑show costs.
  • Earnings from operations: $26,091, down 68.27% YoY.
  • Other income: $1,301 expense (‑101.7%) driven by reduced interest income and adverse FX.

  • Net earnings: $35,162, down 70.05% from $117,393 YoY.

  • Liquidity: Cash & cash equivalents $2,743,518; short‑term investments $1,530,691 (total $4,274,209).

  • Balance sheet: Total assets $6,891,369 (↑ $402,457); total liabilities $717,746 – debt‑light position.

  • Product Update – SPACE‑R: Design finalized; polypropylene bobbin molding started for 10″ column; samples expected by end of March 2026.

  • Fast‑Tube 3.0 (“Optimized Fabric”): Received three fabric samples from Hagihara (Nov 2025); sample #3 shows 53.5 GPa elasticity, ~½ the stiffness of steel; initial bonding tests positive; potential to produce up to 36″ diameters.

  • Flex‑RTM commercialization: Launched sub‑slab panel offering R12 insulation, automatic adaptation to uneven ground (≤½″ per 12″), damp‑proof membrane, double‑sided tape sealing, radon protection, air barrier, and radon gas removal.

  • Intellectual Property:

  • 27 May 2025 – filed U.S. patent “APPARATUS FOR UNDER‑SLAB INSULATION, RADON CONTROL AND DAMP‑PROOFING.”

  • 20 Oct 2025 – acquired Canadian Patent 3,029,299 (“VADIR BARRIER”) from Jonathan Kowalchuk; issued 28 Jan 2020.

  • Market Context: Sub‑slab insulation and damp‑proofing market in U.S./Canada valued at several hundred million dollars; IP protection deemed essential for growth.

Notable Quotes

  • “Securing these patents positions Fab‑Form to capture a significant share of the rapidly expanding sub‑slab insulation market,” – Joseph Fearn, CEO.
Read the original news release →

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