G oss ma gi fo the yea climbed 14.8% to $3,967,638 f om $3,456,883 i fiscal 2025, with the g oss ma gi pe ce tage imp ovi g to 43.1% f om 41.6%. EBITDA fo the yea i c eased 7.8% to $1,981,055, a d ope ati g cash flow, befo e cha ges i o -cash wo ki g capital, was $1,661,240 compa ed to $1,657,486 i fiscal 2025.
Reve ue g owth st e gthe ed th ough the yea . Fou th qua te eve ues we e $2,495,236, a i c ease of 18.1% f om $2,113,637 i Q4 2025, ma ki g the thi d co secutive qua te of yea ove yea eve ue g owth a d the highest qua te ly eve ue epo ted by the Compa y si ce the fou th qua te of fiscal 2024. Fou th qua te g oss ma gi ose 22.4% to $1,065,814 f om $871,074, with the g oss ma gi pe ce tage imp ovi g to 42.7% f om 41.2%.
Fou th qua te et i come was $123,096 ($0.003 pe sha e), compa ed to $299,569 ($0.008 pe sha e) i Q4 2025, a d EBITDA was $298,404, compa ed to $493,928. Fou th qua te esults we e educed by a o e-time eti i g allowa ce of $260,000 payable to the Compa y’s fo me Chief Executive Office u de the sepa atio ag eeme t a ou ced i Ju e 2026, the full value of which was cha ged agai st i come i the qua te a d is i cluded i selli g, ge e al a d admi ist ative expe ses.
The Compa y e ded the yea with cash a d cash equivale ts of $5,464,705, a i c ease of $1,359,974 (33.1%), a d ove the cou se of the fiscal yea added $1,483,226 (29.6%) to wo ki g capital a d $1,323,653 (22.6%) to capital u de ma ageme t. The Compa y’s equipme t te m loa was epaid i full upo matu ity i Ap il 2026, a d its $1,000,000 ba k ope ati g li e emai ed u d aw .
(i thousa ds of dolla s, except pe sha e amou ts) | Reve ue | 9,200 | 8,319 | G oss Ma gi | 3,968 | 3,457 | G oss Ma gi % | 43.1 | % | 41.6 | % | EBITDA (1) | 1,981 | 1,837 | Net I come | 1,162 | 1,089 | Basic Net I come Pe Sha e | 0.032 | 0.030 | Ope ati g Cash Flow (2) | 1,661 | 1,657 |
(i thousa ds of dolla s, except pe sha e amou ts) | Reve ue | 2,495 | 2,114 | G oss Ma gi | 1,066 | 871 | G oss Ma gi % | 42.7 | % | 41.2 | % | EBITDA (1) | 298 | 494 | Net I come | 123 | 300 | Basic Net I come Pe Sha e | 0.003 | 0.008 | Ope ati g Cash Flow (2) | 296 | 445 |
(i thousa ds of dolla s) | Cash | 5,465 | 4,105 | Wo ki g Capital | 6,492 | 5,008 | Lo g-Te m Debt | – | 56 | Sha eholde s’ Equity | 7,186 | 5,807 |
(1) EBITDA (ea i gs befo e i te est, taxes, dep eciatio a d amo tizatio ) is a o -IFRS fi a cial measu e, does ot have a sta da dized mea i g u de IFRS a d may ot be compa able to simila measu es used by othe compa ies. A eco ciliatio of EBITDA to et i come is p ovided i the Compa y’s Ma ageme t’s Discussio a d A alysis fo the yea e ded Ju e 30, 2026.
(2) Ope ati g cash flow is p ese ted befo e cha ges i o -cash wo ki g capital items.
Du i g fiscal 2026 a d subseque t to yea e d, the Compa y u de we t sig ifica t leade ship cha ges. I Decembe 2025 the Boa d of Di ecto s was expa ded with the additio of T evo T eweeke as a i depe de t di ecto . I Ju e 2026 Steve Smith esig ed as P eside t, Chief Executive Office a d a di ecto , Dave Ba ett was appoi ted Chai of the Boa d, a d Stephe Ha pu , CPA joi ed the Boa d as a i depe de t di ecto . I August 2026 M . Ba ett was appoi ted P eside t a d Chief Executive Office .
Dave Ba ett, CEO, comme ted, “Fiscal 2026 was a yea of solid p og ess fo ZTEST. Reve ue g owth built steadily th ough the yea , culmi ati g i ou st o gest qua te i almost two yea s, a d ou co ti ued imp oveme t i g oss ma gi pe ce tage eflects the value ou custome s place o Pe matech’s quality, flexibility a d se vice. Excludi g the o e-time cost of ou leade ship t a sitio , ou u de lyi g ea i gs mome tum emai s st o g.
With mo e tha $5.4 millio i cash, o ba k debt a d a st e gthe ed Boa d, ZTEST is well positio ed to build o this mome tum, both by suppo ti g co ti ued o ga ic g owth at Pe matech a d by evaluati g st ategic g owth oppo tu ities, while mai tai i g ou commitme t to e ha ci g sha eholde value.”
The Compa y’s audited co solidated fi a cial stateme ts a d Ma ageme t’s Discussio a d A alysis fo the yea e ded Ju e 30, 2026 a e available o SEDAR+ at www.seda plus.com.
About ZTEST Elect o ics I c.
ZTEST Elect o ics I c., th ough its wholly ow ed subsidia y Pe matech Elect o ics Co po atio (“Pe matech”), offe s Elect o ic Ma ufactu i g Se vices (EMS) to a wide a ge of custome s. Pe matech’s offe i g i cludes P i ted Ci cuit Boa d (PCB) Assembly, Mate ials Ma ageme t a d Testi g se vices. Pe matech ope ates f om a ISO 9001:2015 ce tified facility i No th Yo k, O ta io, Ca ada. Pe matech is a co t act assemble of complex ci cuit boa ds, se vi g custome s i the Medical, Powe , Compute , Telecommu icatio s, Wi eless, I dust ial, T ucki g, Wea ables a d Co sume Elect o ics ma kets. It specializes i se vici g custome s who a e looki g fo high yield a d equi e high quality a d apid-tu a ou d to p oduce high complexity p oducts.
Fo mo e i fo matio co tact: Dave Ba ett, P eside t a d CEO 604-897-9663 email:
Neithe the Ca adia Secu ities Excha ge o its Ma ket Regulato (as that te m is defi ed i the policies of the CSE) accepts espo sibility fo the adequacy o accu acy of this elease.
FORWARD LOOKING STATEMENTS: This p ess elease co tai s fo wa d looki g stateme ts, which elate to futu e eve ts o futu e pe fo ma ce a d eflect ma ageme t’s cu e t expectatio s a d assumptio s. Such fo wa d looki g stateme ts eflect ma ageme t’s cu e t beliefs a d a e based o assumptio s made by a d i fo matio cu e tly available to the Compa y. I vesto s a e cautio ed that these fo wa d-looki g stateme ts a e eithe p omises o gua a tees a d a e subject to isks a d u ce tai ties that may cause futu e esults to diffe mate ially f om those expected. These fo wa d looki g stateme ts a e made as of the date he eof a d, except as equi ed u de applicable secu ities legislatio , the Compa y does ot assume a y obligatio to update o evise them to eflect ew eve ts o ci cumsta ces. All of the fo wa d-looki g stateme ts made i this p ess elease a e qualified by these cautio a y stateme ts a d by those made i ou fili gs with SEDAR+ i Ca ada (available at www.seda plus.com).
