Doman Building Materials Group (DBM) investor relations material

Executive summary

• Achieved record second quarter revenue of CAD 904.5 million, up from CAD 886.7 million year-over-year, driven by higher pricing in construction materials.

• Net earnings improved to CAD 31.2 million from CAD 27.7 million in Q2 2025, reflecting operational resilience amid market uncertainty.

• Construction materials accounted for 84% of sales, with specialty and allied products at 13%.

• The business maintained operational efficiency and a diversified platform despite mixed economic conditions.

Financial highlights

• Gross margin for Q2 2026 was CAD 145.8 million, with a gross margin percentage of 16.1%, consistent with the prior year.

• Adjusted EBITDA for Q2 2026 was CAD 78.8 million, slightly down from CAD 80 million in Q2 2025.

• Expenses rose to CAD 90.9 million, up 3.4% year-over-year, mainly due to inflationary pressures.

• For the first six months, revenues totaled CAD 1.67 billion, with net earnings of CAD 55.1 million, up from CAD 51.2 million in the prior year.

• Quarterly dividend of CAD 0.14 per share declared and paid in July 2026.

Outlook and guidance

• Management expects steady market conditions in Q3, with no significant changes in demand or economic environment.

• Management remains cautious due to ongoing variability in housing starts, regional market performance, high energy prices, and inflationary pressures.

• No formal earnings guidance will be provided for future quarters.