CEMATRIX Bets on Itself, Renews Share Buyback Amid Record Financials

CALGARY, AB – April 14, 2026 – Specialty construction contractor CEMATRIX Corporation (TSX: CEMX) today announced it has received regulatory approval to renew its share buyback program, signaling strong confidence from management that the company's market price does not reflect its intrinsic value. The move comes on the heels of a year of record-breaking financial performance and was met with a positive reception from the market, with the company's stock touching 52-week highs on the news.

The renewed Normal Course Issuer Bid (NCIB), approved by the Toronto Stock Exchange, authorizes CEMATRIX to purchase for cancellation up to 13,374,708 of its common shares. This figure represents 10% of the company's public float as of April 6, 2026. The program is set to commence on April 17, 2026, and will run for one year, or until the maximum number of shares has been repurchased.

In a statement, CEMATRIX noted its belief that "the market price of its Shares may not, from time to time, accurately reflect their underlying value." By repurchasing its own stock, the company aims to make an attractive investment in itself, reduce the number of shares outstanding, and ultimately enhance long-term value for its shareholders.

A Signal Backed by Financial Strength

This is not a token gesture. CEMATRIX's decision to deploy capital for a share buyback is underpinned by an exceptionally strong financial position. The company recently reported a banner year for 2025, achieving record adjusted EBITDA of $8.3 million, a staggering 152% increase from the $3.3 million reported in 2024. This robust profitability translated directly to the bottom line, with earnings per share (EPS) soaring by 1250% to 2.7 cents from just 0.2 cents the previous year.

Revenue growth was also impressive, climbing 27% to $45.1 million in 2025. Perhaps most importantly for a capital-intensive program like an NCIB, the company generated a record $8.2 million in cash flow from operations. This financial strength has left CEMATRIX with a formidable balance sheet. The company ended 2025 with $11.9 million in cash and, notably, no long-term debt. This cash position continued to grow, reaching $16.7 million by March 2026, primarily due to the collection of working capital.

Funding for the entire NCIB will come from these existing cash resources, meaning the company will not need to take on debt or compromise its operational stability. This strategic use of cash highlights management's capital allocation priorities, which favor reinvesting in the business—either through organic growth, potential acquisitions, or share repurchases—over issuing dividends at this stage.

Building on a Successful Precedent

The renewal follows a previous NCIB that expired on April 16, 2026. Under that program, CEMATRIX was authorized to purchase over 13.5 million shares but acted more selectively, repurchasing 1,480,289 shares at a weighted average price of $0.33 per share. While representing only a fraction of the authorized amount, this activity was significant as it marked the first time in the company's history that it actively reduced its total number of outstanding shares.

The renewed bid provides the company with continued flexibility. To manage the repurchases, CEMATRIX will adhere to a daily limit of 47,732 shares, which constitutes 25% of its average daily trading volume over the past six months. Furthermore, the company has established an automatic share purchase plan (ASPP) with its designated broker. This mechanism is crucial as it allows for the continued repurchase of shares even during pre-determined blackout periods when company insiders are typically barred from trading, ensuring the program can proceed consistently without interruption.

This structured approach demonstrates a long-term commitment to the strategy. Rather than a one-off reaction to market conditions, the renewal suggests that optimizing its capital structure and enhancing shareholder value through buybacks is becoming an integral part of CEMATRIX's ongoing financial playbook.

What the Buyback Means for Investors

For investors, a share buyback is often interpreted as a bullish signal. When a company's management, who possess the most intimate knowledge of its operations and prospects, chooses to buy its own stock, it implies a belief that the shares are a better investment than other available options. The market's reaction seemed to echo this sentiment, with online investor forums buzzing with positive comments such as, "NICE. NOW BUY THEM UP."

Mechanically, reducing the number of shares outstanding can have a direct positive impact on key financial metrics. With fewer shares to divide the profits among, Earnings Per Share (EPS) can increase, making the stock appear more valuable on a per-share basis. This can, in turn, attract more investor interest and potentially drive the stock price higher.

By framing the NCIB as an "attractive investment opportunity," CEMATRIX is telling the market that it sees significant upside from its current valuation. This move, combined with its core business in the specialty construction sector—providing innovative cellular concrete solutions for complex geotechnical challenges—paints a picture of a company confident in both its financial management and its future operational growth. The decision to renew the NCIB is a calculated deployment of its hard-earned capital, aimed squarely at rewarding the shareholders who have supported its journey.