Inventronics Limited — Earnings Release 2024

Mar 27, 2025

INVENTRONICS

Inventronics Announces 2024 Year End Financial Results

Calgary, Alberta – (March 27, 2025) – Inventronics Limited (“Corporation”) (IVX:TSX Venture), a designer and manufacturer of enclosures for the telecommunication, cable, electric distribution, energy, and other industries in North America, today announced its 2024 audited annual and unaudited 2024 Q4 financial results.

For the year ended December 31, 2024, the Corporation reported a net loss of $62,000, or 1.3 cents per share, on revenue of $6,309,000 compared to net earnings of $369,000, or 7.6 cents per share, on revenue of $8,859,000 for the 2023 fiscal year. For the three months ended December 31, 2024, the Corporation reported a net loss of $242,000, or 5.0 cents per share, on revenue of $1,304,000 compared to a net loss of $207,000, or 4.2 cents per share, on revenue of $959,000, for the same period in 2023.

Income Highlights

(in thousands of dollars, except per share amounts)	Three months ended		Twelve months ended
	Dec 31 2024	Dec 31 2023	Dec 31 2024	Dec 31 2023
Revenue	1,304	959	6,309	8,859
Net earnings (loss)	(242)	(207)	(62)	369
Basic earnings (loss) per share	(5.0)¢	(4.2)¢	(1.3)¢	7.6¢
Statement of Financial Position Highlights
(in thousands of dollars)			Dec 31	Dec 31
As at			2024	2023
Working capital			1,536	2,253
Property, plant and equipment			3,244	3,234
Long-term debt, excluding current portion			2,250	2,437
Shareholders' equity			2,267	2,814

Further information about the financial results of the Corporation can be found in the Corporation's audited financial statements for the year ended December 31, 2024 and accompanying management's discussion and analysis, which have been filed on SEDAR+ at www.sedarplus.ca.

About Inventronics

Inventronics Limited designs and manufactures enclosures and other products for an array of customers in the telecommunication, cable, electric distribution, energy, and other industries in North America. The Corporation owns its ISO 9001-registered production facility in Brandon, Manitoba. Shares of Inventronics trade on the TSX Venture Exchange under the symbol "IVX." For more information about the Corporation, its products and its services, go to www.inventronics.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Dan J. Stearne, President and CEO (204) 717-0487 dstearne@inventronics.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.