Highlights

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of “continuing operations” at its Copper Alloy division, “discontinued operations” at its Massachusetts facility, and a combination of continuing and discontinued operations. \ 1])

Fiscal year-to-date (YTD) sales of $13.8 million increased by 6.4% over the comparable prior-year period, driven primarily by sharply higher naval defense sector demand.

YTD gross profit of $2,528,000 increased by 7.8% year-over-year (Y/Y) while gross profit in the quarter of $800,000 declined 13.5% Q/Q due to a one-time supply chain constraint that has since been corrected.

On a consolidated basis, operating income and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) 1 in the quarter increased Y/Y, largely driven by stronger sales and lower costs in the now-shuttered Engineered Materials (EM) division.

On a consolidated basis, YTD loss of $2 million was lower compared to the comparable prior-year period largely due to higher sales and reduced costs.

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FRANKLIN, Ind. (May 29, 2026) – IBC Advanced Alloys Corp. (“ IBC ” or the “ Company ”)

( TSX-V: IB; OTCQB: IAALF ) announces its financial results for the quarter ended March 31, 2026.

Stronger demand for Company’s copper alloy products, primarily from the naval defense sector, boosted revenue in the quarter by 5.7% and by 6.4% YTD over the comparable prior-year periods. Demand for IBC’s products continues to strengthen following softer demand in 2025 due to market uncertainty over the application of the U.S. Government’s copper tariffs.

In the nine months ended March 31, 2026, the Company narrowed losses in operating and net income over the comparable prior-year period, and posted Adjusted EBITDA of $208,000, reversing a loss of $982,000 in the prior-year period.

Selected Results

“Demand for IBC’s copper alloy products, particularly aluminum-nickel-bronze, continues to rise driven by increasing demand from the naval defense sector, as we had anticipated,” said Mark A. Smith, CEO and Executive Chairman of IBC. “In addition, our success in October 2025 in producing finished aluminum-scandium alloy has opened up new potential markets for IBC, and we are exploring potential sales channels for this powerful alloy across several sectors.”

Nickel-aluminum bronze (NAB) is one of the most widely used copper alloys in naval applications, valued for its combination of seawater corrosion resistance, high strength, and resistance to biofouling and cavitation. Its primary uses include propellers and propulsion; valves, pumps, and fittings; shafting and bearings; hull and structural hardware; and weapons and deck systems.

The Navy's latest 30-year plan targets a fleet of 450+ ships — a mix of manned warships and large unmanned surface/underwa…

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