Author: Ravi Shankar

Vancouver, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) is pleased to announce its planned name change to Northmark Metals Corp. (the “Name Change”) and the appointment of Taj Singh to the Company’s Board of Directors, effective October 23, 2026.

Name Change to Northmark Metals:

The Name Change is intended to better reflect the Company’s focus on advancing copper and base metal exploration opportunities in Saskatchewan, anchored by the Knife Lake Copper Project. Subject to the acceptance of the TSX Venture Exchange, the Name Change is expected to take effect in the coming weeks, with the Company’s common shares expected to commence trading on the TSX Venture Exchange under the name Northmark Metals Corp. and the symbol “NMRK”. Following the Name Change, the Company’s common shares will be assigned a new CUSIP number.

The Name Change was approved by the Board of Directors of the Company and does not require shareholder approval. The Name Change will not alter the Company’s share capital or shareholders’ rights, and no share consolidation is being undertaken in connection with the Name Change. No action is required by shareholders, and outstanding share certificates will remain valid and do not need to be exchanged.

Board of Directors:

Mr. Singh is an accomplished mining executive with over 25 years of technical, corporate development and capital markets experience, having participated in raising more than C$400 million in equity. He is President and CEO of Crown 80 Consulting Services Ltd. and previously served as founding President and CEO of each of First Nordic Metals Corp. (until its merger with Mawson Finland to form Goldsky Resources), NOA Lithium Brines Inc. and Discovery Silver Corp. He also served as a founding Director and Lead Independent Director of GT Gold Corp., subsequently acquired by Newmont Corporation for a fully diluted C$456 million valuation.

Mr. Singh is a Professional Engineer and Chartered Professional Accountant and holds Bachelor and Master of Engineering degrees in metallurgy and minerals processing.

Brady Rak, CEO of Apogee, comments, “I am thrilled to have Taj Singh join the board of directors. As an investor I have personally seen the value that Taj can bring in evaluating early-stage assets and connecting them with the capital markets. Apogee, soon to be Northmark, and its stakeholders will benefit from the knowledge Taj will bring and I am very excited to apply this in building a central Canadian base metals company.”

Riley Trimble has stepped down as a Director of the Company, effective October 23, 2026. The Company thanks Mr. Trimble for his service and contributions to Apogee and wishes him well in his future endeavours.

About Apogee Minerals Ltd.:

Apogee Minerals Ltd. is a Canadian copper and base metal exploration company that holds an option to acquire a 100% interest in the Knife Lake Copper Project. The asset comprises 54 mineral claims totalling approximately 35,255 hectares in east-central Saskatchewan, located approximately 136 kilometres northwest of Flin Flon, Manitoba and approximately 180 kilometres northeast of La Ronge, Saskatchewan – a jurisdiction consistently ranked among the top mining jurisdictions in the world by the Fraser Institute. The Property hosts the Knife Lake Deposit, a near-surface, stratabound volcanogenic massive sulphide (“VMS”) style copper-zinc-silver-gold-cobalt deposit.

Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as through new mineral discoveries.

To find out more about Apogee Minerals Ltd. (TSXV: APMI), visit the Company’s website: www.apogeemineralsltd.com

ON BEHALF OF THE BOARD OF DIRECTORS

Apogee Minerals Ltd.

“Brady Rak”

Brady Rak
Chief Executive Officer and a Director

For further information, please contact:

Apogee Minerals Ltd.
Matthew Coltura, Corporate Communications
Email: mcoltura@sentinelmarket.com

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

Cautionary Statements Regarding Forward-Looking Information:

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements in this news release include, but are not limited to, statements regarding the Name Change and the change of the Company’s trading symbol to “NMRK”, including the acceptance of the TSX Venture Exchange and the expected timing thereof; the appointment of Mr. Singh as a Director and his anticipated contributions to the Company; the Company’s business plans, strategy and objectives; and the anticipated advancement of the Knife Lake Copper Project. Forward-looking statements are often, but not always, identified by the use of words such as “plans”, “expects”, “is expected”, “anticipates”, “believes”, “intends”, “targets”, “aims” or similar expressions, or by statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of assumptions made by management and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such statements, including, without limitation: delays in obtaining, or the failure to obtain, the acceptance of the TSX Venture Exchange for the Name Change and the change of trading symbol; the Company’s ability to execute on its business plans, strategy and objectives; the ability to retain key personnel; the early-stage nature of the Company’s exploration activities; the ability to obtain adequate financing on acceptable terms; delays in obtaining, or the failure to obtain, required regulatory approvals; changes in legislation or in TSX Venture Exchange policies; and general market, political and economic conditions.

Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements, which apply only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Applied enters into agreement to increase its investment to approximately 20 percent of outstanding shares, reinforcing the companies’ long-term strategic partnership in advanced packaging

SANTA CLARA, Calif., Oct. 26, 2026 (GLOBE NEWSWIRE) — Applied Materials, Inc. (Nasdaq: AMAT) today announced it is increasing its investment in BE Semiconductor Industries N.V. (Besi) (Euronext Amsterdam: BESI), a leading manufacturer of assembly equipment for the semiconductor industry, to approximately 20 percent of Besi’s outstanding shares. The share purchase would add to Applied Materials’ current investment in Besi, which Applied initially made in April 2025.

The companies have a longstanding strategic collaboration, which began in 2020 and was recently expanded with Besi joining Applied Materials’ EPIC Center as an Innovation Partner. The expanded partnership extends the companies’ co-innovation beyond hybrid bonding into new interconnect architectures and applications supporting the semiconductor industry’s AI-driven scaling roadmap. Areas of collaboration include next-generation 3D IC scaling, logic and memory integration, scaling of thermo-compression bonding and new die-on-wafer, die-on-die and die-on-panel integration platforms.

“Applied Materials is adding to its investment in Besi as hybrid bonding technology and next-generation interconnect architectures become increasingly critical enablers of energy-efficient AI compute performance,” said Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials. “We also look forward to furthering our strategic collaboration with Besi and delivering the innovative products and technologies our customers need to scale AI systems.”

Applied Materials has entered into an accelerated share purchase agreement for the Besi shares, and the delivery of the shares is subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act).

Applied Materials views its investment in Besi as long term. Applied currently has no intention to increase its investment in Besi beyond approximately 20 percent, and Applied does not intend to seek board representation at Besi.

Forward-Looking Statements
This press release contains forward-looking statements regarding the purchase of Besi shares by Applied Materials. These statements and their underlying assumptions are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by such statements include the expiration or termination of the applicable waiting period under the HSR Act and the risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.

Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977

Expected Q3 2026 Revenue of $6.9 Million to $7.2 Million; Gross Margin of 80% to 82%, Net Loss of Approximately $10.0 Million, Inclusive of Non-recurring Stock-Based Compensation and Merger-Related Transaction Fees, and Adjusted EBITDA of $1.7 Million to $2.0 Million

LAKE MARY, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) — OpenWorld, Inc. (NASDAQ: OPNW) (“OpenWorld” or the “Company”) today provided preliminary, unaudited estimated financial results for the third quarter ended September 30, 2026. The third-quarter operating results will reflect OpenWorld’s historical operations, rather than those of VerifyMe, Inc. (the “predecessor company”), following the completion of the reverse takeover transaction on September 30, 2026 (the “RTO”). The September 30, 2026, consolidated balance sheet will reflect the combined entities.

Preliminary Third Quarter 2026 Highlights

Based on currently available information, the Company expects to report the following financial results for the third quarter ended September 30, 2026:

Metric	Estimated Range
Revenue	$6.9 million – $7.2 million
Gross Margin	80% – 82%
Net Loss (GAAP) Including Nonrecurring Stock-Based Compensation and Merger-Related Transaction Fees	Approximately $(10.0) million
Adjusted EBITDA (non-GAAP)*	$1.7 million – $2.0 million

* Adjusted EBITDA is a non-GAAP financial measure that excludes interest, income taxes, depreciation and amortization, certain nonrecurring stock-based compensation expenses and merger-related transaction fees. See “Use of Non-GAAP Financial Measures” and Appendix A for additional information and a reconciliation to GAAP net loss.

• Revenue: Revenue is expected to be between $6.9 million and $7.2 million, reflecting the Company’s results, reported primarily as OpenWorld.
• Gross margin: Gross margin is expected to be between 80% and 82%, underscoring the Company’s belief in the scalability of its business model.
• Net loss: Approximately $10.0 million, inclusive of approximately $11.9 million in non-recurring stock-based compensation expense and merger-related transaction fees.
• Adjusted EBITDA: Adjusted EBITDA* is expected to be between $1.7 million and $2.0 million, reflecting adjustments for certain non-recurring stock-based compensation expenses and merger-related transaction fees.

“Even as we are in the early stages of scaling operations, our estimated third-quarter financial results demonstrate the strength of OpenWorld’s business model as we move forward as a public company,” said Matthew Shaw, Chairman and CEO of OpenWorld. “Our initial revenue performance, high-margin profile and positive Adjusted EBITDA* provide an excellent indication of the early progress we are making, and we believe we are well positioned to build on this momentum. Considering that our revenue from real-world assets (“RWA(s)”) has ramped to this level within just three quarters from zero at the start of the year, we are confident that the Company has the right strategies to benefit from our expectation of consistent significant growth and adoption of RWAs globally.”

Appointment of Gerard Hernandez as Chief Financial Officer

OpenWorld today also announced that Gerard Hernandez has been appointed Chief Financial Officer, effective October 23, 2026. In this role, Mr. Hernandez will oversee the Company’s finance, accounting, reporting, and investor relations functions as the Company’s operations transition to primarily focus on OpenWorld.

Mr. Hernandez co-founded OpenWorld and has brought more than 15 years of financial leadership experience across technology, blockchain, and healthcare. He played a key role in the Company’s transition to the Nasdaq public markets and most recently served as its Chief Accounting Officer. His extensive Web3 experience includes serving as a Special Council Member of the APE Foundation, the legal and administrative steward of ApeCoin DAO, one of the most prominent decentralized autonomous organizations in the Web3 ecosystem, and as Chief Financial Officer of ThriveCoin, a blockchain rewards and treasury allocation platform. Mr. Hernandez has also held CFO and senior finance leadership roles across large, multi-entity healthcare organizations. He holds CPA designations in both the United States and Canada.

“Gerard brings the financial discipline, public-company perspective and industry expertise we need at this stage of OpenWorld’s growth,” said Matthew Shaw. “We are confident he will play a key role as we continue to execute on our strategy and create value for our shareholders.”

“I am excited to step into the CFO role at such an important time for OpenWorld,” said Mr. Hernandez. “I look forward to working with the team to strengthen our financial foundation and to help the capital markets fully understand and value OpenWorld’s investment thesis.”

Preliminary Results

The financial information in this press release is preliminary, unaudited, and based on management’s estimates as of the date of this release and does not represent a complete presentation of the Company’s third quarter financial results or financial condition. The Company’s financial closing procedures for the quarter end September 30, 2026, are not yet complete, and actual results may differ materially from these estimates. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary financial results and, accordingly, does not express an opinion or any other form of assurance about them. The Company expects to report its third quarter 2026 results and host a conference call and webcast on November 12, 2026.

Use of Non-GAAP Financial Measures

This press release includes Adjusted EBITDA, a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, further adjusted to exclude certain nonrecurring stock-based compensation expenses and merger-related transaction fees. Management believes Adjusted EBITDA provides useful supplemental information about the Company’s operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for measures prepared in accordance with U.S. GAAP. A reconciliation of preliminary GAAP net loss to Adjusted EBITDA is included in Appendix A to this press release.

About OpenWorld

OpenWorld, Inc. (NASDAQ: OPNW) is a digital assets and blockchain technology company. Through its OpenWorld Enterprise platform, the Company provides financial structuring and blockchain infrastructure for the issuance and distribution of tokenized real-world assets to institutional and retail investors. To learn more, visit openworld.dev.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believes,” “continue,” “expect,” “estimate,” “could,” “may,” “will,” “should,” “focus,” and other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding OpenWorld’s preliminary financial estimates for the third quarter of 2026, the anticipated benefits of the RTO, OpenWorld’s leadership transition, the growth and adoption of RWA utilization and the Company’s future business, operating and financial performance. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on OpenWorld’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside OpenWorld’s control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, the completion of the Company’s quarter-end closing procedures, the integration of the businesses following the RTO, market conditions and other risks and uncertainties described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.”

OpenWorld cautions investors not to place undue reliance on the forward-looking statements contained in this press release. You are encouraged to read OpenWorld’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements speak only as of the date of this press release, and OpenWorld undertakes no obligation to update or revise any of these statements except as required by applicable law. OpenWorld’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should consider these risks and uncertainties. OpenWorld does not give any assurance that the Company will achieve its expectations and objectives, financial or otherwise.

Contacts

Investors: OpenWorldIR@allianceadvisors.com 

Media: Aayushi@allianceadvisors.com   

Appendix A: Reconciliation of Preliminary Net Loss to Adjusted EBITDA (Unaudited)^

Adjusted EBITDA

(in millions of U.S. dollars)	For the three months ended September 30, 2026
GAAP net loss	Approx. $(10.0)
Interest expense, net	$0.1
Income tax expense	$0.0
Depreciation and amortization	$0.0
Nonrecurring stock-based compensation	$5.9
Merger-related transaction fees (a)	$6.0
Adjusted EBITDA (non-GAAP)	$1.7  – $2.0

^(a) Merger-related transaction fees consist primarily of non-recurring advisory fees incurred in connection with the Company’s reverse merger transaction with VerifyMe, Inc., which closed on September 30, 2026.

^ See “Preliminary Results” above for additional information on the financial information presented in this release and Appendix A.

Highlights (All comparisons are to the prior year period unless otherwise noted):

• Net sales of $561.7 million for the quarter, up 3.3%
• Diluted earnings per share (“EPS”) of $1.98, down 20%
• Adjusted diluted EPS* of $2.08, down 21%
• Generated $64.6 million of cash from operating activities; repurchased $15 million of shares
• Updates its full-year guidance for 2026

COLMAR, Pa., Oct. 26, 2026 (GLOBE NEWSWIRE) — Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the third quarter ended September 26, 2026.

Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “We delivered solid performance in the quarter. Net sales increased 3%, with top-line growth across each of our three business segments driven by new products and business wins. Diluted EPS was $1.98, and adjusted diluted EPS was $2.08, compared to $2.48 and $2.62, respectively, in the prior-year period. The year-over-year earnings comparison reflects the timing of tariff-related pricing that benefitted the third quarter of 2025. We also generated $65 million of operating cash flow and repurchased $15 million of our common stock in the quarter, bringing year-to-date share repurchases to a company record of $112 million.

“Given our performance through the first nine months of the year and additional pricing actions we expect to take in the fourth quarter, we are narrowing our full-year 2026 guidance. We now expect full-year net sales growth to be in the range of 2% to 3%, diluted EPS in the range of $7.95 to $8.15, and adjusted diluted EPS in the range of $8.50 to $8.70.

“Supported by our strong balance sheet and liquidity position, and the strategic advantages of our innovation engine and diversified supplier network, we remain confident in our long-term growth strategy.”

Third Quarter Financial Results
The Company reported third quarter 2026 net sales of $561.7 million, up 3.3% from net sales of $543.7 million in the third quarter of 2025.

Gross profit was $221.6 million in the third quarter of 2026, or 39.4% of net sales, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year. Adjusted gross profit* was $221.2 million, or 39.4% of net sales, in the third quarter of 2026, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year.

Selling, general, and administrative (“SG&A”) expenses were $138.7 million, or 24.7% of net sales, in the third quarter of 2026, compared to $135.7 million, or 25.0% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $132.4 million, or 23.6% of net sales, in the third quarter of 2026, compared to $129.9 million, or 23.9% of net sales, in the same quarter last year.

Diluted EPS was $1.98 in the third quarter of 2026, down 20% from diluted EPS of $2.48 in the same quarter last year. Adjusted diluted EPS* was $2.08 in the third quarter of 2026, down 21% compared to adjusted diluted EPS* of $2.62 in the same quarter last year.

Segment results were as follows:

	Net Sales											Segment Profit Margin
($ in millions)	Q3 2026				Q3 2025				Change			Q3 2026			Q3 2025			Change
Light Duty	$	443.7			$	430.3			3	%		18.5	%		23.7	%		-520 bps
Heavy Duty	$	66.1			$	63.0			5	%		0.0	%		4.5	%		-450 bps
Specialty Vehicle	$	51.9			$	50.4			3	%		13.1	%		12.8	%		30 bps

2026 Guidance
The Company updates its full-year 2026 guidance as detailed in the table below. The Company’s guidance includes the expected impact of tariffs enacted as of October 26, 2026. The Company’s guidance excludes the impact of potential tariff changes after October 26, 2026, future acquisitions and divestitures, and additional share repurchases.

	Updated 2026 Guidance	Prior 2026 Guidance
Net Sales Growth vs. 2025	2% – 3%	3% – 5%
Diluted EPS	$7.95 – $8.15	$7.93 – $8.23
Growth vs. 2025	20% – 23%	19% – 24%
Adjusted Diluted EPS*	$8.50 – $8.70	$8.50 – $8.80
Growth vs. 2025	(4)% – (2)%	(4)% – (1)%
Tax Rate Estimate	23.5% – 24.0%	23.5%

Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, October 27, 2026, beginning at 8:00 a.m. Eastern Time. The conference call can be accessed by telephone at (800) 420-1459 within the U.S. or +1 (203) 518-9861 outside the U.S. When prompted, enter the conference ID “DORMQ326”. A live audio webcast and accompanying presentation materials can be accessed on the Company’s website at investors.dormanproducts.com. A replay of the webcast will be made available on the website shortly after the conclusion of the call.

About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.

Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.

*Non-GAAP Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains Non-GAAP financial measures. The supplemental schedules attached include the reasons we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these Non-GAAP measures.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

Investor Relations Contact
Alex Whitelam, VP, Investor Relations
awhitelam@dormanproducts.com
(445) 448-9522

Visit our Investor Relations website at investors.dormanproducts.com, which contains important Company information, including financial data and investor materials. Dorman encourages investors to visit its website periodically to view new and updated information.

DORMAN PRODUCTS, INC. Consolidated Statements of Operations (in thousands, except per-share amounts)
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.*			9/27/25				Pct. *
Net sales	$	561,722			100.0			$	543,736			100.0
Cost of goods sold		340,124			60.6				302,309			55.6
Gross profit		221,598			39.4				241,427			44.4
Selling, general, and administrative expenses		138,660			24.7				135,677			25.0
Income from operations		82,938			14.8				105,750			19.4
Interest expense		8,016			1.4				7,235			1.3
Interest income		776			0.1				28			0.0
Other income, net		1,652			0.3				1,385			0.3
Income before income taxes		77,350			13.8				99,928			18.4
Provision for income taxes		18,175			3.2				23,508			4.3
Net income	$	59,175			10.5			$	76,420			14.1
Diluted earnings per share	$	1.98						$	2.48
Weighted average diluted shares outstanding		29,860							30,782
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.*			9/27/25				Pct. *
Net sales	$	1,635,090			100.0			$	1,592,387			100.0
Cost of goods sold		972,112			59.5				923,739			58.0
Gross profit		662,978			40.5				668,648			42.0
Selling, general, and administrative expenses		405,040			24.8				400,343			25.1
Income from operations		257,938			15.8				268,305			16.8
Interest expense		20,685			1.3				21,862			1.4
Interest income		1,327			0.1				115			0.0
Other income, net		10,475			0.6				4,290			0.3
Income before income taxes		249,055			15.2				250,848			15.8
Provision for income taxes		58,558			3.6				58,214			3.7
Net income	$	190,497			11.7			$	192,634			12.1
Diluted earnings per share	$	6.33						$	6.26
Weighted average diluted shares outstanding		30,088							30,757

* Percentage of sales. Data may not add due to rounding.

DORMAN PRODUCTS, INC. Consolidated Balance Sheets (in thousands, except share data)
(unaudited)	9/26/26				12/31/25
Assets
Current assets:
Cash and cash equivalents	$	167,005			$	49,436
Accounts receivable, less allowance for doubtful accounts of $1,993 and $1,948		628,402				479,252
Inventories		787,358				959,019
Prepaids and other current assets		40,661				33,819
Total current assets		1,623,426				1,521,526
Property, plant, and equipment, net		165,365				168,777
Operating lease right-of-use assets		99,938				112,805
Goodwill		387,334				387,334
Intangible assets, net		241,367				257,079
Other assets		41,414				45,557
Total assets	$	2,558,844			$	2,493,078
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	180,169			$	185,125
Accrued compensation		26,182				30,756
Accrued customer rebates and returns		182,560				197,398
Current portion of long-term debt		—				37,500
Other accrued liabilities		55,659				42,048
Total current liabilities		444,570				492,827
Long-term debt		440,717				402,413
Long-term operating lease liabilities		82,685				96,568
Deferred tax liabilities		4,215				3,977
Other long-term liabilities		21,709				20,218
Commitments and contingencies
Shareholders’ equity:
Common stock, $0.01 par value; 50,000,000 shares authorized; 29,574,883 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively		296				304
Additional paid-in capital		148,857				137,109
Retained earnings		1,420,768				1,344,183
Accumulated other comprehensive loss		(4,973	)			(4,521	)
Total shareholders’ equity		1,564,948				1,477,075
Total liabilities and shareholders’ equity	$	2,558,844			$	2,493,078

Selected Cash Flow Information (unaudited):
	Three Months Ended								Nine Months Ended
(in thousands)	9/26/26				9/27/25				9/26/26				9/27/25
Cash provided by operating activities	$	64,566			$	12,205			$	260,947			$	71,990
Depreciation and amortization	$	13,765			$	14,036			$	41,672			$	41,798
Capital expenditures	$	7,683			$	10,383			$	25,208			$	29,818

DORMAN PRODUCTS, INC. Non-GAAP Financial Measures (in thousands, except per-share amounts)

Our financial results include certain financial measures not derived in accordance with generally accepted accounting principles (GAAP). Non-GAAP financial measures should not be used as a substitute for GAAP measures, or considered in isolation, for the purpose of analyzing our operating performance, financial position or cash flows. Additionally, these non-GAAP measures may not be comparable to similarly titled measures reported by other companies. However, we have presented these non-GAAP financial measures because we believe this presentation, when reconciled to the corresponding GAAP measure, provides useful information to investors by offering additional ways of viewing our results, profitability trends, and underlying growth relative to prior and future periods and to our peers. Management uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating our performance. Non-GAAP financial measures may reflect adjustments for charges such as fair value adjustments, amortization, transaction costs, severance, accelerated depreciation, and other similar expenses related to acquisitions as well as other items that we believe are not related to our ongoing performance.

Adjusted Net Income:
	Three Months Ended								Nine Months Ended
(unaudited)	9/26/26				9/27/25				9/26/26				9/27/25
Net income (GAAP)	$	59,175			$	76,420			$	190,497			$	192,634
Pretax acquisition-related intangible assets amortization [1]		5,069				5,442				15,416				16,319
Pretax acquisition-related transaction and other costs [2]		(55	)			286				420				1,119
Pretax facility consolidation costs [3]		826				—				826				—
Pretax bargain purchase gain [4]		(1,457	)			—				(1,457	)			—
Pretax write-off of capitalized debt issuance costs [5]		—				—				802				—
Pretax reduction in workforce costs [6]		—				—				—				147
Tax adjustment (related to above items) [7]		(1,393	)			(1,391	)			(4,147	)			(4,268	)
Adjusted net income (Non-GAAP)	$	62,165			$	80,757			$	202,357			$	205,951
Diluted earnings per share (GAAP)	$	1.98			$	2.48			$	6.33			$	6.26
Pretax acquisition-related intangible assets amortization [1]		0.17				0.18				0.51				0.53
Pretax acquisition-related transaction and other costs [2]		(0.00	)			0.01				0.01				0.04
Pretax facility consolidation costs [3]		0.03				—				0.03				—
Pretax bargain purchase gain [4]		(0.05	)			—				(0.05	)			—
Pretax write-off of capitalized debt issuance costs [5]		—				—				0.03				—
Pretax reduction in workforce costs [6]		—				—				—				0.00
Tax adjustment (related to above items) [7]		(0.05	)			(0.05	)			(0.14	)			(0.14	)
Adjusted diluted earnings per share (Non-GAAP)*	$	2.08			$	2.62			$	6.73			$	6.70
Weighted average diluted shares outstanding		29,860				30,782				30,088				30,757

* Amounts may not add due to rounding.
See accompanying notes at the end of this supplemental schedule.

Adjusted Gross Profit:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Gross profit (GAAP)	$	221,598			39.4			$	241,427			44.4
Pretax acquisition-related transaction and other costs [2]		(408	)		(0.1	)			—			—
Adjusted gross profit (Non-GAAP)	$	221,190			39.4			$	241,427			44.4
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Gross profit (GAAP)	$	662,978			40.5			$	668,648			42.0
Pretax acquisition-related transaction and other costs [2]		(408	)		(0.0	)			—			—
Adjusted gross profit (Non-GAAP)	$	662,570			40.5			$	668,648			42.0
Net sales	$	1,635,090						$	1,592,387

Adjusted SG&A Expenses:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
SG&A expenses (GAAP)	$	138,660			24.7			$	135,677			25.0
Pretax acquisition-related intangible assets amortization [1]		(5,069	)		(0.9	)			(5,442	)		(1.0	)
Pretax acquisition-related transaction and other costs [2]		(353	)		(0.1	)			(286	)		(0.1	)
Pretax facility consolidation costs [3]		(826	)		(0.1	)			—			—
Adjusted SG&A expenses (Non-GAAP)	$	132,412			23.6			$	129,949			23.9
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
SG&A expenses (GAAP)	$	405,040			24.8			$	400,343			25.1
Pretax acquisition-related intangible assets amortization [1]		(15,416	)		(0.9	)			(16,319	)		(1.0	)
Pretax acquisition-related transaction and other costs [2]		(828	)		(0.1	)			(1,119	)		(0.1	)
Pretax facility consolidation costs [3]		(826	)		(0.1	)			—			—
Pretax reduction in workforce costs [6]		—			—				(147	)		(0.0	)
Adjusted SG&A expenses (Non-GAAP)	$	387,970			23.7			$	382,758			24.0
Net sales	$	1,635,090						$	1,592,387

Adjusted Other Income, Net:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Other income, net (GAAP)	$	1,652			0.3			$	1,385			0.3
Pretax bargain purchase gain [4]		(1,457	)		(0.3	)			—			—
Adjusted other income, net (Non-GAAP)	$	195			0.0			$	1,385			0.3
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Other income, net (GAAP)	$	10,475			0.6			$	4,290			0.3
Pretax bargain purchase gain [4]		(1,457	)		(0.1	)			—			—
Pretax write-off of capitalized debt issuance costs [5]		802			0.0				—			—
Adjusted other income, net (Non-GAAP)	$	9,820			0.6			$	4,290			0.3
Net sales	$	1,635,090						$	1,592,387

* *Percentage of sales. Data may not add due to rounding.

[1] – Pretax acquisition-related intangible asset amortization results from allocating the purchase price of an acquisition to the acquired tangible and intangible assets of the acquired business and recognizing the cost of the intangible asset over the period of benefit. Such costs were $5.1 million pretax (or $3.9 million after tax) and $15.4 million pretax (or $11.8 million after tax) during the three and nine months ended September 26, 2026, respectively. Such costs were $5.4 million pretax (or $4.1 million after tax) and $16.3 million pretax (or $12.3 million after tax) during the three and nine months ended September 27, 2025, respectively.

[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions and inventory fair value adjustments. During the three and nine months ended September 26, 2026, we incurred benefits included in cost of goods sold for acquisition-related reserve releases, net of inventory fair value adjustments of $0.4 million pretax (or $0.3 million after tax). During the three and nine months ended September 26, 2026, we incurred charges included in selling, general, and administrative expenses to complete and integrate acquisitions of $0.4 million pretax (or $0.3 million after tax) and $0.8 million pretax (or $0.6 million after tax), respectively.

Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions included in selling, general, and administrative expenses totaled $0.3 million pretax (or $0.2 million after tax) and $1.1 million pretax (or $0.8 million after tax), during the three and nine months ended September 27, 2025, respectively.

[3] – Pretax facility consolidation expenses represent costs incurred in connection with our planned facility consolidations and relocations. During the three and nine months ended September 26, 2026, such costs were $0.8 million pretax (or $0.6 million after tax).

[4] – Pretax bargain purchase gain resulted from the excess fair value of assets acquired in a business combination over the purchase price and was $1.5 million pretax (or $1.5 million after tax) during the three and nine months ended September 26, 2026, and was included in other income, net.

[5] – Pretax write-off of capitalized debt issuance costs totaled $0.8 million (or $0.6 million after tax) during the nine months ended September 26, 2026. These write-offs are associated with retirement of our term loan debt and the modification of our revolving credit facility.

[6] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the nine months ended September 27, 2025, the expenses were $0.1 million pretax (or $0.1 million after tax).

[7] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.4) million and $(4.1) million during the three and nine months ended September 26, 2026, respectively, and $(1.4) million and $(4.3) million during the three and nine months ended September 27, 2025, respectively. Such items are estimated by applying our statutory tax rate to the pretax amount, or an actual tax amount for discrete items.

2026 Guidance:

The Company updates the following guidance ranges related to its full year 2026 outlook:

	Year Ending 12/31/2026
(unaudited)	Low End				High End
Diluted earnings per share (GAAP)	$	7.95			$	8.15
Pretax acquisition-related intangible assets amortization		0.68				0.68
Pretax acquisition-related transaction and other costs		0.04				0.04
Pretax facility consolidation costs		0.03				0.03
Pretax bargain purchase gain		(0.05	)			(0.05	)
Pretax write-off of capitalized debt issuance costs		0.03				0.03
Tax adjustment (related to above items)		(0.18	)			(0.18	)
Adjusted diluted earnings per share (Non-GAAP)	$	8.50			$	8.70
Weighted average diluted shares outstanding		30,000				30,000

TORONTO, Oct. 26, 2026 (GLOBE NEWSWIRE) — Xanadu Quantum Technologies Limited (“Xanadu“) (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, today announced that the company will release its third quarter 2026 financial results on November 11th, 2026, after the financial markets close.

Xanadu will host a conference call the same day at 5:30 PM EST to discuss the results and business outlook. The call will be available live via webcast here or on the company’s website here. The call will also be accessible by telephone at 1-800-715-9871 (USA toll-free) or +1 (646) 307-1963 (USA/International toll). Participants should reference passcode 8617572 and ask to be joined into the Xanadu Quantum Technologies Ltd. (Nasdaq/TSX: XNDU) call.

An archive of the webcast will be available on the company’s website here shortly after the call.

About Xanadu

Founded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Xanadu develops both hardware and software, including  PennyLane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X @XanaduAI.

Contacts

Press Contact:
press@xanadu.ai

Investor Relations:
investors@xanadu.ai

The report shares evidence and outcomes from across Canada’s largest pharmacy network and reinforces commitment to leading health and pharmacy responsibly

TORONTO, Oct. 26, 2026 (GLOBE NEWSWIRE) — Today, Shoppers Drug Mart released its inaugural Health Outcomes Report, bringing together evidence and outcomes from across its pharmacy network to demonstrate how pharmacists and pharmacy-led programs are helping Canadians access timely care, supporting earlier disease detection, and contributing to chronic disease management.

The report reflects Shoppers Drug Mart’s commitment to lead health and pharmacy responsibly and to its purpose, Care for Canada. It also aims to contribute evidence to the broader conversation about how community pharmacy can support patients and complement Canada’s healthcare system as governments continue to enable pharmacists to practice at the top of their education and expertise.

“We believe leadership in healthcare comes with a responsibility to measure our impact, share what we are learning, and continue raising the standard of care,” says Gregers Wedell-Wedellsborg, President, Shoppers Drug Mart. “Pharmacists have an important role to play, but strengthening healthcare in Canada requires all of us to work together. By keeping patients at the centre and building stronger connections across the health system, we can help make care more accessible, coordinated, and resilient.”

Supporting care in communities across Canada

Many Canadians experience challenges accessing timely primary care, while family physicians, nurse practitioners, and other healthcare professionals are working to meet growing and increasingly complex patient needs. The role of pharmacists continues to evolve across the country, creating more opportunities to support patients and making care more accessible and timely.

Pharmacists can have an even greater impact on the health of their patients when they complement and connect with the work of physicians, nurse practitioners, and patients’ broader primary care teams, and we are seeing the positive impact their expanded role is having on the health of Canadians.

Positive health outcomes, by the numbers

The Health Outcomes Report examines the positive impact of care provided across Shoppers Drug Mart’s network of pharmacies. Some highlights include:

• Shoppers Drug Mart pharmacists provided over 1.7 million consultations and treatments for minor ailments in 2025.
• Over 85% of minor ailment assessment appointments in 2025 were booked for the same or next day.
• Over a third of services provided in Pharmacy Care Clinics in 2026 were delivered outside regular weekday hours, including evenings, weekends, and holidays.
• 95% of patients who received a minor ailment assessment for a urinary tract infection (UTI) in Ontario reported their symptoms had resolved or were improving during pharmacist follow-up calls.
• 1 in 9 patients receiving Heart Health Assessments in Alberta had A1c levels potentially indicating prediabetes or diabetes.
• 2 in 3 patients living with severe diabetes who received a medication review in Ontario had a clinically significant reduction in A1c levels within a year.
• 55% of patients referred for primary care attachment through the Pharmacy-Based Hub of Care pilot with Trillium Health Partners were successfully attached during the pilot period.

Together, the findings demonstrate areas where community pharmacy is helping patients access care closer to home, supporting earlier disease detection and contributing to the ongoing management of chronic conditions.

The report also reinforces the importance of quality, coordination and continued evaluation as the role of pharmacy evolves.

Leading health and pharmacy responsibly

Community pharmacy is one participant in a large and complex health ecosystem, and meaningful progress depends on collaboration. Shoppers Drug Mart is committed to working with governments, physicians, nurse practitioners, health system partners, patients, and others to better connect care, continuously improve quality, and understand where pharmacy can make the greatest contribution.

As part of that commitment, the Patient Care and Quality Committee of the Loblaw Board was established in 2024, bringing together leading Canadian healthcare experts to provide Loblaw independent guidance and direction helping us to continue to raise the bar for quality and innovation in patient care.

Shoppers Drug Mart is sharing the Health Outcomes Report to contribute evidence, encourage transparency and dialogue, and help inform the continued evolution of pharmacy care in Canada.

Read the full Health Outcomes Report.

About Shoppers Drug Mart Inc.

Shoppers Drug Mart Inc. is one of the most recognized and trusted names in Canadian retailing. The company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart® (Pharmaprix® in Québec). With more than 1,350 Shoppers Drug Mart® and Pharmaprix® affiliated stores operating in prime locations in each province and two territories, the company is one of the most convenient retailers in Canada. The company also licenses or owns more than 150 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy® (Pharmaprix Simplement Santé® in Québec). In addition to its retail store network, the company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, MediSystem Inc., a provider of pharmaceutical products and services to long-term care facilities and Lifemark Health Group, a Canadian provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health and other rehabilitation services, delivered through a national network of more than 400 clinics. Shoppers Drug Mart® is an independent operating division of Loblaw Companies Limited.

For all media inquiries, contact: pr@loblaw.ca

CINCINNATI, Oct. 26, 2026 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that it has closed on a new $350 million unsecured term loan facility. The term loan facility has a three-year term maturing on October 23, 2029 and will initially bear interest at an annual rate of SOFR plus 0.80%, with future pricing subject to adjustment based on the Company’s credit ratings and leverage ratio.

Phillips Edison Grocery Center Operating Partnership I, L.P., a subsidiary of the Company and the borrower under the term loan facility (the “Borrower”), borrowed $175 million of the term loan facility at closing with the remaining $175 million available to draw on or before April 21, 2027. The term loan also has an uncommitted accordion feature allowing the Borrower to borrow up to an additional $450 million of term loans, for total term loans of up to $800 million. The Borrower has the ability to prepay the term loan under the facility without premium or penalty any time prior to maturity.

Proceeds from the initial $175 million borrowing were used to pay down the Borrower’s outstanding $161.8 million term loan along with outstanding balances under its $1 billion revolving credit facility.

John Caulfield, Executive Vice President, CFO & Treasurer stated: “PECO continues to have one of the best balance sheets in the Shopping Center REIT sector, which positions us well for continued external growth. We appreciate the continued support of our banking partners. This attractively priced term loan extends our debt maturity profile and provides additional flexibility to match-fund our investment activity and execute our growth strategy.”

KeyBanc Capital Markets Inc. and Regions Capital Markets served as joint bookrunners. KeyBanc Capital Markets Inc.; Regions Capital Markets; BMO Bank, N.A.; Capital One, National Association; Fifth Third Bank, National Association; Mizuho Bank, Ltd.; and U.S. Bank National Association served as joint lead arrangers. KeyBank National Association served as administrative agent. Associated Bank, National Association; Banco de Sabadell, S.A.; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; PNC Bank National Association; and Wells Fargo Bank, National Association also participated in the term loan.  

About Phillips Edison & Company
Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of September 30, 2026, PECO managed 328 shopping centers, including 300 wholly-owned centers comprising 33.9 million square feet across 31 states and 28 shopping centers owned in three institutional joint ventures. PECO is focused on creating great grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.

PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by the Company’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” “commit,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including the risk factors and other risks and uncertainties described in the Company’s 2025 Annual Report on Form 10-K, filed with the SEC on February 10, 2026, as updated from time to time in the Company’s periodic and/or current reports filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Investors:
Kimberly Green, Head of Investor Relations
(513) 692-3399, kgreen@phillipsedison.com

Q3 2026 revenue and non-GAAP adjusted EPS* above the high end of our guidance ranges;
2027 outlook reflects accelerating revenue growth & non-GAAP adjusted operating margin* expansion

(All amounts in U.S. dollars)

TORONTO, Oct. 26, 2026 (GLOBE NEWSWIRE) — Celestica Inc.¹ (NYSE: CLS) (TSX: CLS), a global leader in data center infrastructure and advanced technology solutions, today announced its financial results for the third quarter ended September 30, 2026 (Q3 2026).

Q3 2026 Highlights

• Revenue: $5.83 billion, increased 83% compared to $3.19 billion for the third quarter of 2025 (Q3 2025).
• GAAP earnings from operations as a % of revenue: 7.9%, compared to 10.2% for Q3 2025.
• Adjusted operating margin (non-GAAP)*: 8.5%, compared to 7.6% for Q3 2025.
• GAAP earnings per share² (EPS): $3.26, compared to $2.31 for Q3 2025.
• Adjusted EPS² (non-GAAP)*: $3.30, compared to $1.58 for Q3 2025.
• Completed the previously announced public offering for aggregate gross proceeds of $3.45 billion.

“Celestica’s strong momentum continued in the third quarter, achieving revenue of $5.83 billion and adjusted EPS (non-GAAP)* of $3.30, up 83% and 109%, respectively,” said Rob Mionis, Chair of the Board and CEO of Celestica. “Our adjusted operating margin (non-GAAP)* of 8.5% represents another new high for the company, demonstrating the strength of our operational execution.”

“Driven by these strong results to date and a demand environment that continues to strengthen, we are pleased to increase our 2026 annual outlook. We now expect revenue to reach $21.0 billion and adjusted EPS (non-GAAP)* of $11.55, representing growth of 69% and 91%, respectively.”

“We are also pleased to provide our initial 2027 annual outlook, with revenue of $40.0 billion, up 90%, record adjusted operating margin (non-GAAP)* of 9.0% and adjusted EPS (non-GAAP)* of $21.50.”

“Celestica is well-positioned to continue to support leading hyperscalers and frontier AI labs through the ongoing AI infrastructure supercycle. The demand environment continues to be very robust, supporting our 2027 revenue outlook, with customer demand forecasts meaningfully higher for 2028.”

¹ Celestica has two operating and reportable segments: Connectivity & Cloud Solutions (CCS) and Advanced Technology Solutions (ATS). Effective Q3 2026, we renamed the two end markets within our CCS segment to better describe the nature of the products delivered in each end market. Specifically, our Communications end market was renamed Networking, and our Enterprise end market was renamed Compute & Storage. This name change does not impact our segment reporting structure, the composition of our reportable segments, or previously reported financial results for our segments and end markets. Our Compute & Storage end market continues to consist of Servers and Storage businesses. Our ATS segment consists of our ATS end market, and is comprised of our Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses.
Segment performance is evaluated based on segment revenue, segment income, and segment margin (segment income as a percentage of segment revenue). See note 3 to our September 30, 2026 unaudited interim condensed consolidated financial statements (Q3 2026 Interim Financial Statements) for further detail.
² Per share information included in this press release is based on diluted shares outstanding unless otherwise noted.
* See Use of Non-GAAP Measures and Schedule 1 for, among other items, non-GAAP financial measures (and ratios) included in this press release, their definitions, uses, and a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures. Non-GAAP measures in this press release are denoted with an asterisk (*).

Fourth Quarter of 2026 (Q4 2026) Guidance

	Q4 2026 Guidance
Revenue (in billions)	$6.275 to $6.575
Adjusted operating margin (non-GAAP)*	8.7% at the mid-point of our revenue and adjusted EPS (non-GAAP) guidance ranges
Adjusted EPS (non-GAAP)*(1)	$3.37 to $3.57

(1)

Q4 2026 guidance excludes a negative $0.21 to $0.27 per share (pre-tax) aggregate impact on net earnings on a GAAP basis for employee stock-based compensation (SBC) expense, amortization of intangible assets (excluding computer software), and restructuring charges. Q4 2026 guidance assumes an adjusted effective tax rate (non-GAAP)* of approximately 20%.

2026 Annual Outlook Update

• Revenue of $21.0 billion (previous outlook $20.5 billion) ⁽¹⁾
• Adjusted EPS (non-GAAP)* of $11.55 (previous outlook $11.30) ⁽¹⁾
• Free cash flow (non-GAAP)* of $460 million (previous outlook $600 million) ⁽²⁾

Our previous adjusted operating margin (non-GAAP)* outlook of 8.4% remains unchanged.

(1)	The change of our 2026 annual outlook for revenue and adjusted EPS (non-GAAP)* is driven by our strong results in Q3 2026, as well as expected demand improvements for Q4 2026.
(2)	The change of our 2026 annual outlook for free cash flow (non-GAAP)* is primarily driven by targeted working capital investments to support the accelerating growth in 2027.

2027 Annual Outlook and Long-Term Demand Update

• Revenue of $40.0 billion
• Adjusted EPS (non-GAAP)* of $21.50 ⁽¹⁾
• Adjusted operating margin (non-GAAP)* of 9.0%
• Capital expenditures of between $1.5 billion and $2.0 billion

(1)	2027 guidance assumes an adjusted effective tax rate (non-GAAP)* of approximately 21%.

Our 2027 outlook anticipates acceleration in our revenue growth to 90%. We continue to pursue investment plans in support of anticipated multi-year growth, supported by 2028 customer demand forecasts that are meaningfully higher than our 2027 revenue outlook.

* See Use of Non-GAAP Measures and Schedule 1. For our Q4 2026 Guidance, 2026 Annual Outlook Update, and 2027 Annual Outlook and Long-Term Demand Update, we present certain forward-looking non-GAAP metrics. A reconciliation of such forward-looking non-GAAP measures to the most directly comparable GAAP measures on a forward-looking basis has not been provided because the items that we exclude from GAAP to calculate the comparable non-GAAP measure are dependent on future events that management is not able to reliably predict and are not part of our routine operating activities. We are unable to provide such a reconciliation without unreasonable effort due to the uncertainty and inherent difficulty in predicting the occurrence, the financial impact and the periods in which the adjustments may be recognized. The occurrence, timing and amount of any of the items excluded from GAAP to calculate non-GAAP could significantly impact our GAAP results.

Summary of Selected Q3 2026 Results

	Q3 2026 Actual				Q3 2026 Guidance(2)
Revenue (in billions)	$5.83				$5.25 to $5.55
GAAP earnings from operations as a % of revenue		7.9%			N/A
GAAP EPS (1)	$3.26				N/A
Adjusted operating margin (non-GAAP)*		8.5%			8.4% at the mid-point of our revenue and adjusted EPS (non-GAAP) guidance ranges
Adjusted EPS (non-GAAP)*	$3.30				$2.88 to $3.08

CCS segment revenue: $4.87 billion, increased 102% compared to Q3 2025; CCS segment margin: 8.9% compared to 8.3% for Q3 2025. Hardware Platform Solutions revenue of approximately $2.3 billion increased 70% compared to Q3 2025.

ATS segment revenue: $0.96 billion, increased 23% compared to Q3 2025; ATS segment margin: 6.6% compared to 5.5% for Q3 2025.

(1)	GAAP EPS of $3.26 for Q3 2026 included an aggregate charge of $0.26 per share (pre-tax) for employee SBC expense, amortization of intangible assets (excluding computer software), and restructuring charges (Q3 2025 — $0.25 per share (pre-tax)). See the tables in Schedule 1 and note 11 to the Q3 2026 Interim Financial Statements for per-item charges. This aggregate charge was below our previously communicated Q3 2026 anticipated range of $0.27 to $0.33 per share (pre-tax) for these items, primarily due to the increase in our weighted average number of shares outstanding resulting from our public offering of an aggregate of 11.1 million common shares completed on August 7, 2026.
	GAAP EPS included pre-tax impacts from our total return swap agreement of negative $0.03 and positive $0.71 per share for Q3 2026 and the first nine months of 2026, respectively. This compares to positive pre-tax impacts of $0.98 and $1.65 per share for Q3 2025 and the first nine months of 2025, respectively. See note 9 to our Q3 2026 Interim Financial Statements.
(2)	For Q3 2026, our revenue exceeded the high end of our guidance range due to higher than anticipated customer demand and strong operational execution. Stronger than anticipated operating leverage drove our adjusted operating margin (non-GAAP) to exceed the mid-point of our revenue and adjusted EPS (non-GAAP) guidance ranges, which, combined with the higher revenue, drove our adjusted EPS (non-GAAP) to exceed the high end of our guidance range. Our GAAP effective tax rate for Q3 2026 was 13%. Our adjusted effective tax rate (non-GAAP) for Q3 2026 was 18%, lower than our anticipated estimate of approximately 20%, primarily due to favorable profit mix and a discrete tax benefit.

Intention to Launch a New Normal Course Issuer Bid (NCIB)

We intend to file a notice of intention with the Toronto Stock Exchange (TSX) to commence a new NCIB in Q4 2026, after our current NCIB expires on November 2, 2026. If this notice is accepted by the TSX, we expect to be permitted to repurchase for cancellation, at our discretion during the twelve months following such acceptance, up to 2.5% of the “public float” (calculated in accordance with TSX rules) of our issued and outstanding common shares. Purchases under the new NCIB, if accepted by the TSX, will be conducted in the open market or as otherwise permitted, subject to applicable terms and limitations, and will be made through the facilities of the TSX and the New York Stock Exchange. We believe that a new NCIB is in the best interests of Celestica and our shareholders.

Q3 2026 Financial Results Conference Call and 2026 Investor and Analyst Day

Management will host its Q3 2026 financial results conference call and 2026 Investor and Analyst Day on October 27, 2026. The conference call start time is 8:00 a.m. Eastern Time (ET). The webcast can be accessed at www.celestica.com.

Use of Non-GAAP Measures

In addition to disclosing detailed operating results in accordance with GAAP, Celestica provides supplementary non-GAAP financial measures to consider in evaluating our operating performance. Management uses adjusted net earnings and other non-GAAP financial measures to assess operating performance, financial leverage and the effective use and allocation of resources; to provide more normalized period-to-period comparisons of operating results; to enhance investors’ understanding of the core operating results of Celestica’s business; and to set management incentive targets. We believe investors use both GAAP and non-GAAP financial measures to assess management’s decisions associated with our priorities and capital allocation, as well as to analyze how our business operates in, or responds to, macroeconomic trends or other events that impact our core operations. See Schedule 1 below.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages. For more information on Celestica, visit www.celestica.com. Our securities filings can be accessed at www.sedarplus.ca and www.sec.gov.

The information contained on or accessible through www.celestica.com is not incorporated by reference into, and does not form part of, this release.

Cautionary Note Regarding Forward-looking Statements

This press release contains forward-looking statements, including, without limitation, those related to: strengthening demand environment of our businesses, customer forecasts, accelerating revenue growth, our anticipated financial and/or operational results, guidance and outlook, including statements under the headings “Q3 2026 Highlights”, “Fourth Quarter of 2026 (Q4 2026) Guidance”, “2026 Annual Outlook Update”, “2027 Annual Outlook and Long-Term Demand Update” and “Intention to Launch a New Normal Course Issuer Bid (NCIB)”, and including statements with respect to timelines referenced therein, expected revenue growth in 2026, 2027, and 2028, anticipated multi-year growth, 2027 and 2028 customer demand forecasts, non-GAAP operating margin and non-GAAP adjusted EPS, anticipated operating leverage, anticipated capital expenditures, expected working capital investment, cash usage and free cash flow, the sufficiency of our liquidity, ROIC, our growth plans and anticipated capacity requirements for 2027 and 2028, the anticipated use of the net proceeds of our recent public offering, our intention to launch a new NCIB and its anticipated terms, developments related to new customer or program wins and pursuits (including in data center power infrastructure), timing of production ramps, anticipated economic conditions, industry and market trends and projections, underlying market growth rates, customer demand, prospects and opportunities, and strategic initiatives. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “continues,” “projects,” “target,” “outlook,” “goal,” “guidance,” “potential,” “possible,” “contemplate,” “seek,” “demand forecasts,” or similar expressions, or may employ such future or conditional verbs as “may,” “might,” “will,” “could,” “should,” or “would,” or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995, where applicable, and for forward-looking information under applicable Canadian securities laws.

Forward-looking statements are provided to assist readers in understanding management’s current expectations and plans relating to the future. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management’s perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances, including certain assumptions about: revenue growth and earnings in 2026, 2027 and 2028 (including customer forecasts, continued strengthening of customer demand, close alignment with key customers on demand planning, sustained improvements in demand visibility, multi-year growth and continued strengthening of adjusted operating margins); our weighted average number of diluted shares outstanding and our adjusted effective tax rate in Q4 2026 and 2027 remaining generally consistent with current expectations; the amount and timing of our working capital investments; accelerating growth from our customer base, including our CCS customer base; demand levels across our businesses, including continued growth in demand from data center customers in 2026, 2027 and 2028; programs and production ramps, including multiple large new programs, occurring and progressing as anticipated in line with expected timelines, specifications, qualification requirements and production schedules, customer decisions, design changes, silicon and component availability, qualification outcomes, deployment timelines and priorities, constraints affecting data center development, construction, equipping or operation, and other technical, commercial, regulatory or supply-chain factors, and our expected role in such programs, including our 800G and 1.6T networking, and AI compute programs with data center customers; technology upgrade cycles; our ability to retain programs and customers; continuing operating leverage and improving mix; the impact of anticipated market conditions on our businesses; the reliability of third party market forecasts and customer indications of future demands and roadmaps, including with respect to data center infrastructure; continued advancement and commercialization of AI technologies and cloud computing; supporting sustained high levels of capital expenditure investments by leading hyperscaler, AI, and data center customers; our ability to develop new capabilities; scaling of our operations to meet the anticipated growth in customer demand; the successful recruitment and retention of skilled talent; capital investments proceeding as anticipated and phased in line with customer deployment schedules, including timely completion of construction and operationalization of assets, securing required materials, utilities, and equipment for our expansion plans; our ability to secure adequate component and materials supply; alignment of our capacity with our business demands; the economy; our customers; our suppliers; tax and interest rates; no material changes to tariffs, trade restrictions, customs administration, and any continuing or retaliatory tariff measures, compared to what are in effect as of October 26, 2026; that our customers will continue to retain liability for and we will continue to be able to recover substantially all costs from customers relating to product/component tariffs and countermeasures; no material changes in business activities resulting from current macroeconomic trends and uncertainties, including evolving global tariffs, trade negotiations, and geopolitical conflicts; no unforeseen adverse changes in regulatory environmental or government policies (including export controls, moratoriums and other AI-related measures); our ability to achieve our strategic goals; the availability of cash from operations, cash on hand (including the net proceeds of our recent public offering) and our credit facilities to fund planned capital investments and working capital requirements without the need for additional capital; the availability of capital resources for, and the permissibility under our credit facility of, repurchases of outstanding common shares under our current NCIB; acceptance of a new NCIB and compliance with applicable laws and regulations pertaining to NCIBs; as well as other market, financial and operational assumptions. Readers are cautioned that such information may not be appropriate for other purposes. Readers should not place undue reliance on such forward-looking information.

Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among others, risks related to: changing customer capacity roadmaps for 2026, 2027, 2028 and beyond; realization of the long-term demand outlook; customer and segment concentration; reduction in customer revenue; erosion in customer market competitiveness; changes in revenue mix and margins; our ability to achieve anticipated operating leverage; uncertain market, industry, political and economic conditions; changes in demand for, or regulatory requirements applicable to, our products and our customers’ products; customer requests to transfer manufacturing of products from one facility to another; changes to policies or legislation; operational challenges (including inventory management, supply chain constraints, and components, materials or supply shortages); volatility in energy and commodity prices; program ramps not progressing as anticipated; the cyclical nature and/or volatility of certain of our businesses; talent management and inefficient employee utilization, including recruiting, training and retaining sufficient qualified personnel in required jurisdictions and within required timeframes; our expansion plans or consolidation of our operations; planned capital expenditures to support anticipated growth in customer demand, and our ability to achieve anticipated returns on such investments; competition risk from evolving AI technologies, including lower-cost/open-source AI models; energy, power and water constraints in the data center ecosystem; evolving regulatory and government policies (including export controls, moratoriums and other AI-related measures) that increase our customers’ costs or restrict their AI activities; cash flow, revenue, and operating results; changes to working capital requirements and liquidity; tax and interest rates variability; technology and IT disruption; increasing legal, tax and regulatory complexity and uncertainty (including in relation to our or our customers’ businesses); integrating and achieving the anticipated benefits from acquisitions; and the potential adverse impacts of events outside of our control.

For more exhaustive information on the foregoing and other material risks, uncertainties and assumptions, readers should refer to our public filings at www.sedarplus.ca and www.sec.gov, including in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed with, or furnished to, the U.S. Securities and Exchange Commission, and the Canadian Securities Administrators, as applicable.

Forward-looking statements speak only as of the date on which they are made, and we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
  
All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

Contacts:

Celestica Global Communications	Celestica Investor Relations
(416) 448-2200	(416) 448-2211
media@celestica.com	clsir@celestica.com

Schedule 1

Supplementary Non-GAAP Financial Measures

The non-GAAP financial measures included in this press release are: adjusted gross profit, adjusted selling, general and administrative expenses (SG&A), adjusted operating earnings (or adjusted EBIAT), adjusted net earnings, and each of the foregoing measures as a percentage of revenue, adjusted EPS, adjusted return on invested capital (ROIC), free cash flow, adjusted tax expense and adjusted effective tax rate.

We believe the non-GAAP financial measures herein enable investors to evaluate and compare our results from operations by excluding specific items that we do not consider to be reflective of our core operations, to evaluate cash resources that we generate from our business each period, to analyze operating results using the same measures our chief operating decision maker uses to measure performance, and to help compare our results with those of our competitors. In addition, management believes that the use of adjusted tax expense and adjusted effective tax rate provides additional transparency into the tax effects of our core operations, and is useful to management and investors for historical comparisons and forecasting. These non-GAAP financial measures reflect management’s belief that the excluded items are not indicative of our core operations.

Non-GAAP financial measures do not have any standardized meaning prescribed by GAAP and therefore may not be directly comparable to similar measures presented by other companies. Non-GAAP financial measures are not measures of performance under GAAP and should not be considered in isolation or as a substitute for any GAAP financial measure. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are below.

We do not provide reconciliations for our forward-looking non-GAAP financial measures, as we are unable to reasonably estimate the items that we exclude from GAAP to calculate comparable non-GAAP measures without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or financial impacts of various events that have not yet occurred, are out of our control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking GAAP financial measure. For these same reasons, we are unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding GAAP financial measures.

Our non-GAAP financial measures are calculated by making the following adjustments (as applicable) to our GAAP financial measures:

Employee SBC expense, which represents the estimated fair value of stock options, restricted share units and performance share units granted to employees, is excluded because grant activities vary significantly from quarter-to-quarter in both quantity and fair value. We believe excluding this expense allows us to compare core operating results with those of our competitors, who also generally exclude employee SBC expense in assessing operating performance, and may have different granting patterns, equity awards and valuation assumptions.

Total return swap fair value adjustments (TRS FVAs) represent mark-to-market adjustments to our TRS Agreement, as the TRS Agreement is re-measured at fair value at each quarter end. We exclude the impact of these non-cash fair value adjustments (which reflect fluctuations in the market price of our common shares recorded in cost of sales and SG&A) from period to period as such fluctuations do not represent our ongoing operating performance. In addition, we believe that excluding these non-cash adjustments permits a helpful comparison of our core operating results to our competitors.

Amortization of intangible assets (excluding computer software) consists of non-cash charges for intangible assets that are impacted by the timing and magnitude of acquired businesses. Amortization of intangible assets varies among our competitors, and we believe that excluding these charges permits a helpful comparison of core operating results to our competitors who also generally exclude amortization charges in assessing operating performance.

Restructuring and Other Charges (Recoveries) consist of, when applicable: Restructuring Charges (Recoveries) (defined below); Transition Costs (Recoveries) (defined below); consulting, transaction and integration costs related to potential and completed acquisitions; where applicable, certain fair value adjustments of contingent consideration in connection with acquisitions; where applicable, legal settlements (recoveries); and where applicable, related costs pertaining to our transition to a U.S. domestic filer. We exclude these charges and recoveries because we believe that they are not directly related to ongoing operating results and do not reflect our expected future operating expenses after completion of the relevant actions. Our competitors may record similar items at different times, and we believe these exclusions permit a helpful comparison of our core operating results with those of our competitors who also generally exclude these items in assessing operating performance.

Restructuring Charges (Recoveries), consist of costs or recoveries relating to: employee severance, site closings and consolidations, accelerated depreciation of owned and leased property and equipment which are no longer used and are held for sale, and reductions in infrastructure.

Transition Costs (Recoveries) consist of costs and recoveries in connection with: (i) the transfer of manufacturing lines from closed sites to other sites within our global network; (ii) the sale of real properties unrelated to restructuring actions; and (iii) where applicable, specified charges or recoveries related to the sublet of a 10-year building lease in Toronto that we previously anticipated to be our corporate headquarters. Transition Costs consist of direct relocation and duplicate costs (such as rent expense, utility costs, depreciation charges, and personnel costs) incurred during the transition periods, as well as cease-use and other costs incurred in connection with idle or vacated portions of the relevant premises that we would not have incurred but for these relocations, transfers and dispositions. We believe that excluding Transition Costs and Recoveries permits a helpful comparison of our core operating results from period-to-period, as they do not reflect our ongoing operations once these specified events are complete.

Miscellaneous Expense (Income) consists primarily of: (i) certain net periodic benefit costs (gains) related to our pension and post-employment benefit plans consisting of interest costs, expected returns on plan balances, and amortization of actuarial gains or losses; (ii) where applicable, gains on insurance claims settlement; and (iii) where applicable, gains or losses related to interest rate swaps that we entered into prior to 2024. Those interest rate swap contracts were accounted for as cash flow hedges (qualifying for hedge accounting) under International Financial Reporting Standards. However, those contracts were not accounted for as such under GAAP until January 1, 2024. Certain gains and losses related to those contracts were recorded in Miscellaneous Expense (Income). We exclude such items because we believe they are not directly related to our ongoing operating results.

Tax effects of the non-core items, which include our non-GAAP adjustments above, are excluded from GAAP tax expense to calculate adjusted tax expense (non-GAAP), as we do not believe these costs or recoveries reflect our core operating performance and vary significantly among our competitors who also generally exclude such items in assessing operating performance.

Our non-GAAP financial measures include the following:

Adjusted operating earnings (Adjusted EBIAT) is defined as GAAP earnings from operations excluding the impact of Employee SBC expense, TRS FVAs, Amortization of intangible assets (excluding computer software), and Restructuring and Other Charges (Recoveries). Adjusted operating margin is adjusted operating earnings as a percentage of GAAP revenue. Management uses adjusted operating earnings (adjusted EBIAT) as a measure to assess performance related to our core operations.

Adjusted net earnings is defined as GAAP net earnings excluding the impact of Employee SBC expense, TRS FVAs, Amortization of intangible assets (excluding computer software), Restructuring and Other Charges (Recoveries), Miscellaneous Expense (Income) and adjustment for taxes. Adjusted EPS is calculated by dividing adjusted net earnings by the number of diluted weighted average shares outstanding. Management uses adjusted net earnings as a measure to assess performance related to our core operations.

Free cash flow is defined as cash provided by (used in) operations less the purchase of property, plant and equipment (net of proceeds from the sale of certain surplus assets, when applicable). Free cash flow does not represent residual cash flow available to Celestica for discretionary expenditures. Management uses free cash flow as a measure, in addition to GAAP cash provided by (used in) operations, to assess our operational cash flow performance. We believe free cash flow provides another level of transparency to our ability to generate cash from normal business operations.

Adjusted ROIC is calculated by dividing annualized adjusted EBIAT by average net invested capital for the period. Net invested capital (calculated in the tables below) is derived from GAAP financial measures, and is defined as total assets less: cash, right-of-use (ROU) assets (operating and finance leases), accounts payable, accrued and other current liabilities and provisions (excluding finance and operating lease liabilities) and income taxes payable. Management uses adjusted ROIC as a measure to assess the effectiveness of the invested capital we employ to build products or provide services to our customers, by quantifying how well we generate earnings relative to the capital we have invested in our business.

The determination of the GAAP effective tax rate and adjusted effective tax rate (non-GAAP) is described in footnote 1 to the table below.

The following table (which is unaudited) sets forth, for the periods indicated, the various non-GAAP financial measures discussed above, and a reconciliation of such non-GAAP financial measures to the most directly comparable financial measures determined under GAAP (in millions, except percentages and per share amounts):

	Three months ended September 30												Nine months ended September 30
		2026						2025						2026						2025
				% of revenue						% of revenue						% of revenue						% of revenue
GAAP revenue	$	5,829.7					$	3,194.0					$	14,575.3					$	8,736.0
GAAP gross profit	$	640.8		11.0	%		$	416.1		13.0	%		$	1,655.5		11.4	%		$	1,061.0		12.1	%
Employee SBC expense		10.7						6.8						33.9						24.2
TRS FVAs: losses (gains)		0.9						(48.5	)					(40.0	)					(81.6	)
Adjusted gross profit (non-GAAP)	$	652.4		11.2	%		$	374.4		11.7	%		$	1,649.4		11.3	%		$	1,003.6		11.5	%
GAAP SG&A	$	118.2		2.0	%		$	38.4		1.2	%		$	293.7		2.0	%		$	189.8		2.2	%
Employee SBC expense		(10.6	)					(8.8	)					(37.2	)					(32.6	)
TRS FVAs: gains (losses)		(3.0	)					64.8						43.2						110.0
Adjusted SG&A (non-GAAP)	$	104.6		1.8	%		$	94.4		3.0	%		$	299.7		2.1	%		$	267.2		3.1	%
GAAP earnings from operations	$	460.0		7.9	%		$	325.0		10.2	%		$	1,190.4		8.2	%		$	726.3		8.3	%
Employee SBC expense		21.3						15.6						71.1						56.8
TRS FVAs: losses (gains)		3.9						(113.3	)					(83.2	)					(191.6	)
Amortization of intangible assets (excluding computer software)		10.0						10.0						29.9						29.9
Restructuring and other charges (recoveries)		0.9						4.9						(0.6	)					23.3
Adjusted operating earnings (adjusted EBIAT) (non-GAAP)	$	496.1		8.5	%		$	242.2		7.6	%		$	1,207.6		8.3	%		$	644.7		7.4	%
GAAP net earnings	$	397.2		6.8	%		$	267.8		8.4	%		$	978.3		6.7	%		$	565.0		6.5	%
Employee SBC expense		21.3						15.6						71.1						56.8
TRS FVAs: losses (gains)		3.9						(113.3	)					(83.2	)					(191.6	)
Amortization of intangible assets (excluding computer software)		10.0						10.0						29.9						29.9
Restructuring and other charges (recoveries)		0.9						4.9						(0.6	)					23.3
Miscellaneous Expense (Income)		(0.2	)					1.3						(1.1	)					4.4
Adjustments for taxes(1)		(31.0	)					(3.2	)					(47.4	)					(3.4	)
Adjusted net earnings (non-GAAP)	$	402.1		6.9	%		$	183.1		5.7	%		$	947.0		6.5	%		$	484.4		5.5	%
Diluted EPS
Weighted average # of shares (in millions)		121.8						115.9						117.9						116.2
GAAP EPS	$	3.26					$	2.31					$	8.30					$	4.86
Adjusted EPS (non-GAAP)	$	3.30					$	1.58					$	8.03					$	4.17
# of shares outstanding at period end (in millions)		126.1						115.0						126.1						115.0
GAAP cash provided by operations	$	389.7					$	126.2					$	1,156.9					$	408.9
Purchase of property, plant and equipment, net of sales proceeds		(262.2	)					(37.3	)					(744.4	)					(106.5	)
Free cash flow (non-GAAP)	$	127.5					$	88.9					$	412.5					$	302.4
GAAP ROIC %		60.0	%					50.4	%					55.9	%					39.0	%
Adjusted ROIC % (non-GAAP)		64.7	%					37.5	%					56.7	%					34.6	%

(1)

The adjustments for taxes represent the tax effects (reflecting applicable effective tax rates) of the non-core items, which include our non-GAAP adjustments above.

Our GAAP effective tax rate is calculated as (i) GAAP tax expense divided by (ii) earnings from operations minus finance costs, net of interest income, and Miscellaneous Expense (Income) recorded on our statements of operations. Our adjusted effective tax rate (non-GAAP) is calculated as (i) adjusted tax expense (non-GAAP) divided by (ii) adjusted operating earnings (non-GAAP) minus finance costs, net of interest income. The following table sets forth, for the periods indicated, our calculation of GAAP effective tax rate and adjusted effective tax rate (non-GAAP):

	Three months ended								Nine months ended
	September 30								September 30
		2026				2025				2026				2025
GAAP tax expense	$	58.6			$	43.1			$	175.4			$	116.9
Earnings from operations	$	460.0			$	325.0			$	1,190.4			$	726.3
Finance costs		(24.1	)			(13.8	)			(63.3	)			(43.2	)
Interest income		19.7				1.0				25.5				3.2
Miscellaneous Income (Expense)		0.2				(1.3	)			1.1				(4.4	)
	$	455.8			$	310.9			$	1,153.7			$	681.9
GAAP effective tax rate		13	%			14	%			15	%			17	%
Adjusted tax expense (non-GAAP)	$	89.6			$	46.3			$	222.8			$	120.3
Adjusted operating earnings (non-GAAP)	$	496.1			$	242.2			$	1,207.6			$	644.7
Finance costs		(24.1	)			(13.8	)			(63.3	)			(43.2	)
Interest income		19.7				1.0				25.5				3.2
	$	491.7			$	229.4			$	1,169.8			$	604.7
Adjusted effective tax rate (non-GAAP)		18	%			20	%			19	%			20	%

 

The following table sets forth, for the periods indicated, our calculation of GAAP ROIC % and adjusted ROIC % (non-GAAP) (in millions, except GAAP ROIC % and adjusted ROIC % (non-GAAP)):

	Three months ended								Nine months ended
	September 30								September 30
		2026				2025				2026				2025
GAAP earnings from operations	$	460.0			$	325.0			$	1,190.4			$	726.3
Multiplier to annualize earnings		4				4				1.333				1.333
Annualized GAAP earnings from operations	$	1,840.0			$	1,300.0			$	1,586.8			$	968.2
Average net invested capital for the period*	$	3,066.6			$	2,581.6			$	2,839.0			$	2,482.8
GAAP ROIC %		60.0	%			50.4	%			55.9	%			39.0	%
	Three months ended								Nine months ended
	September 30								September 30
		2026				2025				2026				2025
Adjusted operating earnings (adjusted EBIAT) (non-GAAP)	$	496.1			$	242.2			$	1,207.6			$	644.7
Multiplier to annualize earnings		4				4				1.333				1.333
Annualized adjusted EBIAT (non-GAAP)	$	1,984.4			$	968.8			$	1,609.7			$	859.4
Average net invested capital for the period*	$	3,066.6			$	2,581.6			$	2,839.0			$	2,482.8
Adjusted ROIC % (non-GAAP)		64.7	%			37.5	%			56.7	%			34.6	%

	September 30 2026			June 30 2026			March 31 2026			December 31 2025
Net invested capital consists of:
Total assets	$	15,138.5		$	9,787.6		$	8,260.0		$	7,213.1
Less: cash		3,961.3			535.7			378.0			595.6
Less: ROU assets (operating and finance leases)		274.5			218.5			199.9			173.1
Less: accounts payable, accrued and other current liabilities and provisions (excluding finance and operating lease liabilities) and income taxes payable		7,682.3			6,120.7			5,021.7			3,882.0
Net invested capital at period end*	$	3,220.4		$	2,912.7		$	2,660.4		$	2,562.4
	September 30 2025			June 30 2025			March 31 2025			December 31 2024
Net invested capital consists of:
Total assets	$	6,606.7		$	6,241.1		$	5,834.9		$	5,988.2
Less: cash		305.9			313.8			303.0			423.3
Less: ROU assets (operating and finance leases)		178.9			174.9			178.6			180.8
Less: accounts payable, accrued and other current liabilities and provisions (excluding finance and operating lease liabilities) and income taxes payable		3,445.4			3,265.7			3,000.3			2,969.2
Net invested capital at period end*	$	2,676.5		$	2,486.7		$	2,353.0		$	2,414.9

*

We use a two-point average to calculate average net invested capital for the quarter and a four-point average to calculate average net invested capital for the nine-month period. Average net invested capital for Q3 2026 is the average of net invested capital at September 30, 2026 and June 30, 2026 and average net invested capital for the first nine months of 2026 is the average of net invested capital at September 30, 2026, June 30, 2026, March 31, 2026 and December 31, 2025.

CELESTICA INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions of U.S. dollars) (unaudited)
	September 30 2026			December 31 2025
Assets
Current assets:
Cash and cash equivalents	$	3,961.3		$	595.6
Accounts receivable, net		3,763.1			2,638.1
Inventories		4,509.7			2,188.0
Other current assets		309.6			251.5
Total current assets		12,543.7			5,673.2
Property, plant and equipment, net		1,403.3			586.0
Operating lease right-of-use assets		194.7			124.1
Goodwill		333.3			333.1
Intangible assets, net		234.2			266.2
Deferred income taxes		232.5			156.4
Other non-current assets		196.8			74.1
Total assets	$	15,138.5		$	7,213.1
Liabilities and Equity
Current liabilities:
Current portion of borrowings under credit facility and finance lease obligations	$	27.3		$	26.0
Accounts payable		5,040.6			1,866.1
Accrued and other current liabilities and provisions		2,559.1			1,896.8
Income taxes payable		142.8			150.7
Total current liabilities		7,769.8			3,939.6
Long-term portion of borrowings under credit facility and finance lease obligations		791.5			750.5
Pension and non-pension post-employment benefit obligations		90.8			89.5
Other non-current liabilities and provisions		232.5			176.0
Deferred income taxes		39.9			41.2
Total liabilities		8,924.5			4,996.8
Equity:
Total equity		6,214.0			2,216.3
Total liabilities and equity	$	15,138.5		$	7,213.1

CELESTICA INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions of U.S. dollars, except per share amounts) (unaudited)
	Three months ended								Nine months ended
	September 30								September 30
		2026				2025				2026				2025
Revenue	$	5,829.7			$	3,194.0			$	14,575.3			$	8,736.0
Cost of sales		5,188.9				2,777.9				12,919.8				7,675.0
Gross profit		640.8				416.1				1,655.5				1,061.0
Selling, general and administrative expenses		118.2				38.4				293.7				189.8
Research and development		51.2				36.4				138.7				88.0
Amortization of intangible assets		10.5				11.4				33.3				33.6
Restructuring and other charges (recoveries)		0.9				4.9				(0.6	)			23.3
Earnings from operations		460.0				325.0				1,190.4				726.3
Finance costs		24.1				13.8				63.3				43.2
Interest income		(19.7	)			(1.0	)			(25.5	)			(3.2	)
Miscellaneous expense (income)		(0.2	)			1.3				(1.1	)			4.4
Earnings before income taxes		455.8				310.9				1,153.7				681.9
Income tax expense (recovery)
Current		84.8				44.2				250.2				133.0
Deferred		(26.2	)			(1.1	)			(74.8	)			(16.1	)
		58.6				43.1				175.4				116.9
Net earnings	$	397.2			$	267.8			$	978.3			$	565.0
Earnings per share:
Basic	$	3.30			$	2.33			$	8.38			$	4.90
Diluted	$	3.26			$	2.31			$	8.30			$	4.86
Weighted-average shares used in computing per share amounts (in millions):
Basic		120.5				115.0				116.8				115.4
Diluted		121.8				115.9				117.9				116.2

CELESTICA INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions of U.S. dollars) (unaudited)
	Three months ended								Nine months ended
	September 30								September 30
Cash provided by (used in):		2026				2025				2026				2025
Operating activities:
Net earnings	$	397.2			$	267.8			$	978.3			$	565.0
Adjustments to reconcile net earnings to net cash flows provided by operating activities:
Depreciation and amortization		48.5				40.3				132.1				123.0
Stock-based compensation (SBC)		21.3				15.6				71.1				56.8
Total return swap (TRS) fair value adjustments		3.9				(113.3	)			(83.2	)			(191.6	)
Restructuring and other charges (recoveries)		—				2.5				(10.0	)			2.9
Unrealized losses on hedge derivatives		—				1.1				—				3.7
Deferred income taxes		(26.2	)			(1.1	)			(74.8	)			(16.1	)
Other		7.0				5.7				9.8				24.1
Changes in non-cash working capital items:
Accounts receivable		(424.9	)			(151.5	)			(1,125.0	)			(370.3	)
Inventories		(1,108.0	)			(128.6	)			(2,321.7	)			(286.1	)
Other current assets		(22.9	)			(0.9	)			(10.2	)			(7.3	)
Accounts payable, accrued and other current liabilities, provisions and income taxes payable		1,493.8				188.6				3,590.5				504.8
Net cash provided by operating activities		389.7				126.2				1,156.9				408.9
Investing activities:
Purchase of property, plant and equipment		(274.1	)			(37.3	)			(767.4	)			(106.5	)
Proceeds from sale of assets		11.9				—				23.0				—
Other		—				—				(2.5	)			(2.5	)
Net cash used in investing activities		(262.2	)			(37.3	)			(746.9	)			(109.0	)
Financing activities:
Borrowings under revolving loans		210.0				—				810.0				500.0
Repayments under revolving loans		(210.0	)			(90.0	)			(810.0	)			(500.0	)
Borrowings under term loans		—				—				250.0				—
Repayments under term loans		(4.4	)			(4.4	)			(238.1	)			(13.1	)
Principal payments of finance leases		(2.3	)			(2.4	)			(7.3	)			(7.6	)
Proceeds from issuance of capital stock under SBC plans		—				—				—				0.3
Proceeds from issuance of capital stock under public offering, net of issuance costs		3,391.3				—				3,391.3				—
Repurchase of capital stock for cancellation		—				—				(22.6	)			(117.7	)
Purchase of treasury stock for SBC plans		(37.6	)			—				(37.6	)			(221.6	)
Proceeds from TRS settlement		—				—				—				98.6
SBC cash settlement		(47.3	)			—				(373.6	)			(156.0	)
Debt issuance costs paid		(1.6	)			—				(6.4	)			(0.2	)
Net cash provided by (used in) financing activities		3,298.1				(96.8	)			2,955.7				(417.3	)
Net increase (decrease) in cash and cash equivalents		3,425.6				(7.9	)			3,365.7				(117.4	)
Cash and cash equivalents, beginning of period		535.7				313.8				595.6				423.3
Cash and cash equivalents, end of period	$	3,961.3			$	305.9			$	3,961.3			$	305.9
Supplemental disclosure information:
Interest paid	$	17.9			$	13.4			$	57.2			$	40.7
Net income taxes paid	$	138.9			$	45.7			$	284.4			$	101.9
Non-cash investing activity:
Unpaid purchases of property, plant and equipment at end of period	$	238.3			$	24.4			$	238.3			$	24.4

PORTLAND, Maine, Oct. 26, 2026 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, today reported net income of $29.0 million, or $3.42 per diluted common share, for the quarter ended September 30, 2026, compared to net income of $22.5 million, or $2.67 per diluted common share, for the quarter ended September 30, 2025.

The Board of Directors declared a cash dividend of $0.01 per share, payable on November 23, 2026, to shareholders of record as of November 9, 2026.

“We entered fiscal 2027 with strong momentum, delivering quarterly net income of $29.0 million and strong loan production of $534.3 million in the first quarter,” said Rick Wayne, Chief Executive Officer. “Our National Lending Division continued to generate attractive opportunities, with originated loan volume reaching a record $258.6 million during the quarter and purchases totaling $237.6 million invested, most of which occurred at the end of the quarter. Asset quality metrics remain healthy and shareholders’ equity grew to $628.4 million. These results demonstrate the resilience of our business model and position us well for continued growth.”

As of September 30, 2026, total assets were $5.35 billion, an increase of $125.8 million, or 2.4%, from total assets of $5.23 billion as of June 30, 2026, due to the following:

1.   The following table highlights the changes in the loan portfolio, including loans held for sale, for the three months ended September 30, 2026:

	Loan Portfolio Changes
	September 30, 2026				June 30, 2026				Change ($)				Change (%)
	(Dollars in thousands)
National Lending Purchased	$	2,789,235			$	2,756,583			$	32,652			1.18	%
National Lending Originated		1,721,504				1,586,523				134,981			8.51	%
Small Business		230,631				234,761				(4,130	)		(1.76	%)
Community Banking		13,459				14,125				(666	)		(4.72	%)
Total	$	4,754,829			$	4,591,992			$	162,837			3.55	%

Loans generated during the quarter ended September 30, 2026 totaled $534.3 million, which consisted of $237.6 million of National Lending purchased loans at an average price of 93.5% of unpaid principal balance, $258.6 million of National Lending originated loans, $35.2 million of Small Business Administration (“SBA”) 7(a) loans, and $2.8 million of insured small balance business loans.

An overview of the Bank’s National Lending Division portfolio follows:

	National Lending Portfolio
	Three Months Ended September 30,
	2026												2025
	Purchased				Originated				Total				Purchased				Originated				Total
	(Dollars in thousands)
Loans purchased or originated during the period:
Unpaid principal balance	$	254,184			$	258,609			$	512,793			$	152,690			$	133,818			$	286,508
Initial net investment basis (1)		237,643				258,609				496,252				144,600				133,818				278,418
Loan returns during the period:
Yield		8.24	%			7.72	%			8.04	%			8.16	%			8.63	%			8.32	%
Total Return on Purchased Loans (2)		9.11	%		N/A					9.11	%			8.21	%		N/A					8.21	%
Total loans as of period end:
Unpaid principal balance	$	2,924,956			$	1,721,504			$	4,646,460			$	2,578,040			$	1,213,111			$	3,791,151
Net investment basis		2,789,235				1,721,504				4,510,739				2,406,506				1,213,111				3,619,617

(1)   Initial net investment basis on purchased loans is the initial amortized cost basis net of initial allowance for credit losses (credit mark).
(2)   The total return on purchased loans represents scheduled accretion, accelerated accretion, gains (losses) on real estate owned, release of allowance for credit losses on purchased loans, and other noninterest income recorded during the period divided by the average invested balance on an annualized basis. The total return on purchased loans does not include the effect of purchased loan charge-offs or recoveries during the period. Total return on purchased loans is considered a non-GAAP financial measure. See reconciliation in below table entitled “Total Return on Purchased Loans.”

2.   Investment securities increased by $45.4 million, or 46.5%, from June 30, 2026. The increase was driven by the purchase of $52.4 million in agency securities during the quarter ended September 30, 2026.

3.   Deposits increased by $95.3 million, or 2.6%, from June 30, 2026. The increase was primarily attributable to an increase in time deposits of $143.4 million, or 5.7%. The significant driver in the change in time deposits was an increase in brokered time deposits, which increased by $151.9 million, partially offset by a decrease in Community Banking Division time deposits of $8.5 million.

4.   Federal Home Loan Bank (“FHLB”) advances increased by $8.8 million, or 1.1%, from June 30, 2026. The increase was attributable to advances taken to fund loan growth.

5.   Shareholders’ equity increased by $24.5 million, or 4.1%, from June 30, 2026, primarily due to net income of $29.0 million for the quarter ended September 30, 2026 and stock-based compensation of $2.5 million, partially offset by the cancellation of restricted stock to cover tax obligations on restricted stock vests, which resulted in a $6.3 million decrease in shareholders’ equity.

Net income increased by $6.4 million to $29.0 million for the quarter ended September 30, 2026, compared to net income of $22.5 million for the quarter ended September 30, 2025, due to the following:

1.   Net interest and dividend income before provision for credit losses increased by $10.7 million to $58.9 million for the quarter ended September 30, 2026, compared to $48.2 million for the quarter ended September 30, 2025. The increase was primarily due to the following:  

• An increase in interest income earned on loans of $16.7 million, primarily due to higher average balances in the National Lending Division and Small Business Division portfolios, partially offset by lower yields across the portfolio; partially offset by,
• An increase in interest expense on FHLB advances of $4.3 million due to higher average balances;
• A decrease in other interest and dividend income of $1.7 million due to lower interest rates earned and lower average balances; and
• An increase in interest expense on deposits of $1.2 million due to growth in deposit balances, partially offset by lower cost of deposits.

The following table summarizes interest income and related yields recognized on the loan portfolios:

	Interest Income and Yield on Loans
	Three Months Ended September 30,
	2026											2025
	Average Balance (1)				Interest Income				Yield			Average Balance (1)				Interest Income				Yield
	(Dollars in thousands)
Community Banking	$	13,548			$	225			6.59	%		$	17,856			$	303			6.73	%
Small Business		243,183				5,730			9.35	%			131,952				3,434			10.32	%
National Lending:
Originated		1,655,679				32,228			7.72	%			1,214,157				26,425			8.63	%
Purchased		2,705,965				56,214			8.24	%			2,311,209				47,518			8.16	%
Total National Lending		4,361,644				88,442			8.04	%			3,525,366				73,943			8.32	%
Total	$	4,618,375			$	94,397			8.11	%		$	3,675,174			$	77,680			8.39	%

(1)   Includes loans held for sale.

The components of total income on purchased loans are set forth in the table below entitled “Total Return on Purchased Loans.” When compared to the quarter ended September 30, 2025, transactional income increased by $7.2 million for the quarter ended September 30, 2026, and regularly scheduled interest and accretion increased by $7.1 million, primarily due to higher average balances. The total return on purchased loans for the quarter ended September 30, 2026 was 9.1%, an increase from 8.2% for the quarter ended September 30, 2025. The following table details the total return on purchased loans:

	Total Return on Purchased Loans
	Three Months Ended September 30,
	2026							2025
	Income				Return (1)			Income				Return (1)
	(Dollars in thousands)
Regularly scheduled interest and accretion	$	52,548			7.70	%		$	45,440			7.80	%
Transactional income:
Release of allowance for credit losses on purchased loans		5,921			0.87	%			301			0.05	%
Accelerated accretion and loan fees		3,668			0.54	%			2,078			0.36	%
Total transactional income		9,589			1.41	%			2,379			0.41	%
Total	$	62,137			9.11	%		$	47,819			8.21	%

(1)   The total return on purchased loans represents scheduled accretion, accelerated accretion, gains (losses) on real estate owned, release of allowance for credit losses on purchased loans, and other noninterest income recorded during the period divided by the average invested balance on an annualized basis. The total return on purchased loans does not include the effect of purchased loan charge-offs or recoveries during the period. Total return on purchased loans is considered a non-GAAP financial measure.

2.   Provision for credit losses increased by $1.2 million reflecting a provision of $794 thousand for the quarter ended September 30, 2026, compared to a credit of $435 thousand for the quarter ended September 30, 2025. The increase was primarily related to loan growth and increased qualitative adjustments on the Small Business and National Lending Purchased portfolios during the quarter.

3.   Noninterest income increased by $667 thousand for the quarter ended September 30, 2026, compared to the quarter ended September 30, 2025, primarily due to the following:  

• A gain on recovery of insured credit losses of $2.6 million for the quarter ended September 30, 2026 related to anticipated recoveries of expected credit losses on the insured small balance business loans held by the Bank as of September 30, 2026; partially offset by,
• A decrease in gain on sale of SBA loans of $1.4 million, due to a sale volume of $23.7 million in SBA loans during the quarter ended September 30, 2026 as compared to $58.4 million in sale volume during the quarter ended September 30, 2025.

4.   Noninterest expense increased by $2.3 million for the quarter ended September 30, 2026, compared to the quarter ended September 30, 2025, primarily due to the following:

• An increase in salaries and employee benefits expense of $1.6 million, primarily due to an increase in regular, incentive, and stock compensation expense;
• An increase in other noninterest expense of $422 thousand, primarily due to an increase in directors’ stock compensation expense;
• An increase in occupancy and equipment expense of $271 thousand, primarily related to a loss from a disposal of property as part of our Augusta branch rebuild; and
• An increase in FDIC insurance expense of $267 thousand due to a larger balance sheet in the quarter ended September 30, 2026; partially offset by,
• A decrease in loan expense of $577 thousand, primarily related to decreased expenses in connection with the origination of SBA loans.

5.   Income tax expense increased by $1.4 million to $10.3 million, or an effective tax rate of 26.2%, for the quarter ended September 30, 2026, compared to income tax expense of $8.9 million, or an effective tax rate of 28.3%, for the quarter ended September 30, 2025. The decrease in effective tax rate is primarily due to an increase in tax benefit on the vest of restricted stock during the quarter ended September 30, 2026 as compared to the quarter ended September 30, 2025.

As of September 30, 2026, nonperforming assets totaled $31.9 million, or 0.6% of total assets, compared to $34.8 million, or 0.7% of total assets, as of June 30, 2026.

As of September 30, 2026, past due loans totaled $22.4 million, or 0.5% of total loans, compared to past due loans totaling $24.0 million, or 0.5% of total loans, as of June 30, 2026.

As of September 30, 2026, the Bank’s Tier 1 leverage capital ratio was 12.1%, compared to 11.9% at June 30, 2026, and the Bank’s Total risk-based capital ratio was 14.7% at September 30, 2026, compared to 14.7% at June 30, 2026.

Investor Call Information
Rick Wayne, Chief Executive Officer, Santino Delmolino, Chief Financial Officer, and Pat Dignan, Chief Operating Officer and Chief Credit Officer, of Northeast Bank, will host a conference call to discuss first quarter financial results and business outlook at 10:00 a.m. Eastern Time on Tuesday, October 27^th. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via live webcast, which can be viewed by accessing the Bank’s website at www.northeastbank.com and clicking on the About Us – Investor Relations section. To listen to the webcast, attendees are encouraged to visit the website at least 15 minutes early to register, download, and install any necessary audio software. Please note there will also be a slide presentation that will accompany the webcast. This presentation is also available in the Investor Relations section of the Bank’s website at www.northeastbank.com. For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

About Northeast Bank
Northeast Bank (NASDAQ: NBN) is headquartered in Portland, Maine and operates a nationwide commercial lending platform alongside a community banking franchise. The Bank’s National Lending Division originates and purchases commercial real estate loans, specializing in complex credit structures, secondary-market loan acquisitions, and tailored financing solutions to a diverse national clientele. The Bank’s Small Business Division provides government-guaranteed loans as a Small Business Administration Preferred Lender in addition to other small-balance financing solutions. On a regional and national level, Northeast Bank provides a comprehensive suite of depository products and cash management and treasury services through a network of banking centers in Maine and its digital banking division, ableBanking. Information regarding Northeast Bank can be found at www.northeastbank.com.

Non-GAAP Financial Measures
In addition to results presented in accordance with generally accepted accounting principles (“GAAP”), this press release contains certain non-GAAP financial measures, including tangible common shareholders’ equity, tangible book value per share, total return on purchased loans, and efficiency ratio. The Bank’s management believes that the supplemental non-GAAP information is utilized by regulators and market analysts to evaluate a company’s financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Federal Deposit Insurance Corporation (“FDIC”), in our annual reports to our shareholders, in press releases and other written materials, and in oral statements made by our officers, directors, or employees. You can identify forward-looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters. Although the Bank believes that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance and are subject to known and unknown risks, uncertainties, contingencies, and other factors. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties, and other factors which are, in some cases, beyond the Bank’s control. The Bank’s actual results could differ materially from those expressed or implied by such forward-looking statements as a result of, among other factors: changes in interest rates and real estate values; changes in employment levels and general business and economic conditions on a national basis and in the local markets in which the Bank operates; changes in customer behavior due to changing business and economic conditions (including the impact of ongoing armed conflicts, tariffs, inflation, and concerns about liquidity) or legislative or regulatory initiatives; the possibility that future credit losses are higher than currently expected due to changes in economic assumptions, customer behavior, or adverse economic developments; turbulence in the capital and debt markets; competitive pressures from other financial institutions; changes in loan defaults and charge-off rates; changes in the value of securities and other assets, adequacy of credit loss reserves, or deposit levels necessitating increased borrowing to fund loans and investments; changes in, and evolving interpretations of, existing and future laws, rules, and regulations; operational risks including, but not limited to, cybersecurity, fraud, natural disasters, climate change, and future pandemics; the risk that the Bank may not be successful in the implementation of its business strategy; the risk that intangibles recorded in the Bank’s financial statements will become impaired; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Bank’s Annual Report on Form 10-K, as updated in the Bank’s Quarterly Reports on Form 10-Q and other filings submitted to the FDIC. These statements speak only as of the date of this release and the Bank does not undertake any obligation to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.

NBN-F

NORTHEAST BANK
BALANCE SHEETS
(Unaudited)
(In thousands, except share and per share data)
	September 30, 2026				June 30, 2026
Assets
Cash and due from banks	$	2,723			$	2,908
Short-term investments		345,013				431,466
Total cash and cash equivalents		347,736				434,374
Available-for-sale debt securities, at fair value		135,521				89,961
Equity securities, at fair value		7,527				7,674
Total securities		143,048				97,635
Loans held for sale		100,181				107,204
Loans:
Commercial real estate		3,426,911				3,330,334
Commercial and industrial		1,105,848				1,031,362
Residential real estate		121,786				122,747
Consumer		103				345
Total loans		4,654,648				4,484,788
Less: Allowance for credit losses		58,286				58,419
Loans, net		4,596,362				4,426,369
Premises and equipment, net		22,972				23,011
Real estate owned and other possessed collateral, net		9,369				9,601
Federal Home Loan Bank stock, at cost		36,384				36,031
Bank-owned life insurance		18,920				18,788
Accrued interest receivable		20,581				19,419
Other assets		57,970				55,293
Total assets	$	5,353,523			$	5,227,725
Liabilities and Shareholders’ Equity
Deposits:
Demand	$	182,163			$	180,140
Savings and interest checking		868,997				916,915
Money market		71,500				73,640
Time		2,662,420				2,519,066
Total deposits		3,785,080				3,689,761
Federal Home Loan Bank advances		847,762				838,932
Lease liability		17,174				17,286
Other liabilities		75,107				77,893
Total liabilities		4,725,123				4,623,872
Commitments and contingencies
Shareholders’ equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no shares issued and outstanding at September 30, 2026 and June 30, 2026		—				—
Voting common stock, $1.00 par value, 25,000,000 shares authorized; 8,582,833 and 8,555,360 shares issued and outstanding at September 30, 2026 and June 30, 2026, respectively		8,583				8,555
Non-voting common stock, $1.00 par value, 3,000,000 shares authorized; No shares issued and outstanding at September 30, 2026 and June 30, 2026		—				—
Additional paid-in capital		97,501				101,297
Retained earnings		523,073				494,166
Accumulated other comprehensive loss		(757	)			(165	)
Total shareholders’ equity		628,400				603,853
Total liabilities and shareholders’ equity	$	5,353,523			$	5,227,725

NORTHEAST BANK
STATEMENTS OF INCOME
(Unaudited)
(In thousands, except share and per share data)
	Three Months Ended September 30,
		2026				2025
Interest and dividend income:
Interest and fees on loans	$	94,397			$	77,680
Interest on available-for-sale securities		1,416				180
Other interest and dividend income		3,678				5,347
Total interest and dividend income		99,491				83,207
Interest expense:
Deposits		32,560				31,331
Federal Home Loan Bank advances		7,808				3,461
Obligation under capital lease agreements		207				223
Total interest expense		40,575				35,015
Net interest and dividend income before provision for credit losses		58,916				48,192
Provision (credit) for credit losses		794				(435	)
Net interest and dividend income after provision for credit losses		58,122				48,627
Noninterest income:
Fees for other services to customers		333				346
Gain on sales of loans		2,694				4,138
Net unrealized (loss) gain on equity securities		(214	)			52
Loss on real estate owned, other repossessed collateral and premises and equipment, net		(232	)			—
Bank-owned life insurance income		132				124
Correspondent fee income		—				12
Gain on recovery of insured credit losses		2,581				—
Other noninterest income		56				11
Total noninterest income		5,350				4,683
Noninterest expense:
Salaries and employee benefits		14,305				12,682
Occupancy and equipment expense		1,417				1,146
Professional fees		1,307				1,095
Data processing fees		1,713				1,653
Marketing expense		130				123
Loan acquisition and collection expense		2,772				3,349
FDIC insurance expense		561				294
Other noninterest expense		1,970				1,548
Total noninterest expense		24,175				21,890
Income before income tax expense		39,297				31,420
Income tax expense		10,307				8,879
Net income	$	28,990			$	22,541
Weighted-average shares outstanding:
Basic		8,348,747				8,272,801
Diluted		8,470,164				8,430,980
Earnings per common share:
Basic	$	3.47			$	2.72
Diluted		3.42				2.67
Cash dividends declared per common share	$	0.01			$	0.01

NORTHEAST BANK
AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS
(Unaudited)
(Dollars in thousands)
	Three Months Ended September 30,
	2026											2025
	Average Balance				Interest Income/ Expense				Average Yield/ Rate			Average Balance				Interest Income/ Expense				Average Yield/ Rate
	(Dollars in thousands)
Assets:
Interest-earning assets:
Investment securities	$	126,802				1,416			4.43	%		$	18,135			$	180			3.94	%
Loans (1) (2)		4,618,375				94,397			8.11	%			3,675,174				77,680			8.39	%
Federal Home Loan Bank stock		33,932				523			6.12	%			15,185				285			7.45	%
Short-term investments (3)		340,739				3,155			3.67	%			454,491				5,062			4.42	%
Total interest-earning assets		5,119,848				99,491			7.71	%			4,162,985				83,207			7.93	%
Cash and due from banks		2,774											2,086
Other non-interest earning assets		73,411											38,420
Total assets	$	5,196,033										$	4,203,491
Liabilities & Shareholders’ Equity:
Interest-bearing liabilities:
NOW accounts	$	662,369			$	5,396			3.23	%		$	648,545			$	6,208			3.80	%
Money market accounts		73,244				332			1.80	%			87,731				495			2.24	%
Savings accounts		217,438				1,242			2.27	%			210,579				1,505			2.84	%
Time deposits		2,573,372				25,590			3.95	%			2,175,202				23,123			4.22	%
Total interest-bearing deposits		3,526,423				32,560			3.66	%			3,122,057				31,331			3.98	%
Federal Home Loan Bank advances		778,832				7,808			3.98	%			316,077				3,461			4.34	%
Lease liability		17,111				207			4.80	%			18,765				223			4.71	%
Total interest-bearing liabilities		4,322,366				40,575			3.72	%			3,456,899				35,015			4.02	%
Non-interest bearing liabilities:
Demand deposits and escrow accounts		179,905											169,767
Other liabilities		77,029											69,968
Total liabilities		4,579,300											3,696,634
Shareholders’ equity		616,733											506,857
Total liabilities and shareholders’ equity	$	5,196,033										$	4,203,491
Net interest income					$	58,916										$	48,192
Interest rate spread									3.99	%										3.91	%
Net interest margin (4)									4.57	%										4.59	%
Cost of funds (5)									3.58	%										3.83	%

(1)   Includes loans held for sale.
(2)   Nonaccrual loans are included in the computation of average, but unpaid interest has not been included for purposes of determining interest income.
(3)   Short-term investments include FHLB overnight deposits and other interest-bearing deposits.
(4)   Net interest margin is calculated as net interest income divided by average interest-earning assets.
(5)   Cost of funds is calculated as total interest expense divided by average interest-bearing liabilities plus demand deposits and escrow accounts.

NORTHEAST BANK
SELECTED FINANCIAL HIGHLIGHTS AND OTHER DATA
(Unaudited)
(Dollars in thousands, except share and per share data)
	Three Months Ended
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
Net interest income	$	58,916			$	60,316			$	63,073			$	48,801			$	48,192
Provision (credit) for credit losses		794				(679	)			(218	)			875				(435	)
Noninterest income		5,350				4,928				3,545				2,964				4,683
Noninterest expense		24,175				23,475				23,640				20,771				21,890
Net income		28,990				34,341				29,853				20,740				22,541
Weighted-average common shares outstanding:
Basic		8,348,747				8,313,725				8,313,715				8,312,859				8,272,801
Diluted		8,470,164				8,471,307				8,447,028				8,405,541				8,430,980
Earnings per common share:
Basic	$	3.47			$	4.13			$	3.59			$	2.49			$	2.72
Diluted		3.42				4.05				3.53				2.47				2.67
Dividends declared per common share	$	0.01			$	0.01			$	0.01			$	0.01			$	0.01
Return on average assets		2.21	%			2.71	%			2.43	%			1.87	%			2.13	%
Return on average equity		18.65	%			23.51	%			21.67	%			15.62	%			17.64	%
Net interest rate spread (1)		3.99	%			4.21	%			4.56	%			3.89	%			3.91	%
Net interest margin (2)		4.57	%			4.80	%			5.15	%			4.49	%			4.59	%
Efficiency ratio (non-GAAP) (3)		37.62	%			35.98	%			35.49	%			40.13	%			41.40	%
Noninterest expense to average total assets		1.85	%			1.85	%			1.93	%			1.87	%			2.07	%
Average interest-earning assets to average interest-bearing liabilities		118.45	%			118.70	%			118.60	%			118.40	%			120.43	%
	As of:
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
Nonperforming loans:
Total originated portfolio	$	14,734			$	14,970			$	16,714			$	12,761			$	10,817
Total purchased portfolio		7,770				10,242				13,439				21,842				22,976
Total nonperforming loans		22,505				25,212				30,153				34,603				33,793
Real estate owned and other repossessed collateral, net		9,369				9,601				9,155				719				1,279
Total nonperforming assets	$	31,874			$	34,813			$	39,308			$	35,322			$	35,072
Past due loans to total loans		0.48	%			0.54	%			0.64	%			0.84	%			0.77	%
Nonperforming loans to total loans		0.48	%			0.56	%			0.68	%			0.80	%			0.90	%
Nonperforming assets to total assets		0.60	%			0.67	%			0.78	%			0.71	%			0.84	%
Allowance for credit losses to total loans		1.25	%			1.30	%			1.36	%			1.47	%			1.24	%
Allowance for credit losses to nonperforming loans		258.99	%			231.71	%			200.02	%			184.42	%			138.23	%
Net charge-offs	$	5,310			$	1,801			$	3,383			$	2,947			$	1,887
Commercial real estate loans to total capital (4)		490.38	%			485.48	%			509.14	%			533.21	%			470.01	%
Net loans to deposits		121.43	%			119.96	%			120.22	%			112.25	%			114.02	%
Purchased loans to total loans		59.92	%			61.47	%			63.17	%			65.66	%			64.12	%
Equity to total assets		11.74	%			11.55	%			11.28	%			10.83	%			12.31	%
Common equity tier 1 capital ratio		13.48	%			13.46	%			12.95	%			12.47	%			13.86	%
Total risk-based capital ratio		14.73	%			14.71	%			14.20	%			13.73	%			15.11	%
Tier 1 leverage capital ratio		12.11	%			11.90	%			11.40	%			12.19	%			12.21	%
Total shareholders’ equity	$	628,400			$	603,853			$	567,664			$	536,018			$	513,647
Less: Preferred stock		—				—				—				—				—
Common shareholders’ equity		628,400				603,853				567,664				536,018				513,647
Less: Intangible assets		—				—				—				—				—
Tangible common shareholders’ equity (non-GAAP)	$	628,400			$	603,853			$	567,664			$	536,018			$	513,647
Common shares outstanding		8,582,833				8,555,360				8,555,360				8,555,360				8,562,960
Book value per common share	$	73.22			$	70.58			$	66.35			$	62.65			$	59.98
Tangible book value per share (non-GAAP) (5)		73.22				70.58				66.35				62.65				59.98

(1)   The net interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the period.
(2)   Net interest margin is calculated as net interest income divided by total interest-earning assets.
(3)   The efficiency ratio represents noninterest expense divided by the sum of net interest income (before the credit loss provision) plus noninterest income.
(4)   For purposes of calculating this ratio, commercial real estate includes all non-owner occupied commercial real estate loans defined as such by regulatory guidance, including all land development and construction loans.
(5)   Tangible book value per share represents total shareholders’ equity less the sum of preferred stock and intangible assets divided by common shares outstanding.

For More Information:
Santino Delmolino, Chief Financial Officer
Northeast Bank, 27 Pearl Street, Portland, Maine 04101
617.960.3634
www.northeastbank.com