Core Insights - Jewett-Cameron Trading Company Ltd. has launched the Adjust-A-Gate® Unlimited, a low profile complete gate kit designed for adaptability and simplicity in gate construction [1][5][6] Product Features - The Adjust-A-Gate® Unlimited allows users to build gates that fit their specific space requirements, supporting both horizontal and vertical designs, with sizes accommodating up to 72 inches high and 84 inches wide [2] - The kit includes durable steel corner brackets, all necessary hardware, and a comprehensive installation guide, making it suitable for users of all skill levels [3] - The product features a patent pending design with anti-sag technology, ensuring gates remain straight and secure over time [2] Market Positioning - The Adjust-A-Gate® Unlimited is marketed as an all-in-one integrated system at a competitive price, eliminating the need for additional purchases of components like latches and hinges [4] - The product is positioned to appeal to both professional contractors and DIY enthusiasts, emphasizing efficiency and creativity in gate-building [5] Company Overview - Jewett-Cameron is recognized as a leading name in the fence industry, committed to quality, innovation, and customer satisfaction [7] - The company operates out of North Plains, Oregon, and offers a diverse range of products, including specialty metal and sustainable bag products, as well as wood products [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, no par value JCTC NASDAQ Capital Market FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended AUGUST 31, 2024 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from _________ to _________________ Commission ...

Core Viewpoint - Jewett-Cameron Trading Company Ltd. reported operational and financial results for fiscal year 2024, highlighting a decrease in revenue primarily due to the exit from seed cleaning operations and a decline in lower-margin wood fence products, while also emphasizing growth in higher-margin segments and strategic initiatives for future growth [1][5][6]. Financial Performance - Q4 2024 revenue was $13.2 million, down from $14.6 million in Q4 2023, attributed to the termination of seed cleaning operations and reduced revenues from lower-margin wood fence products [2][5]. - FY 2024 revenue totaled $47.1 million, a decrease of $7.2 million from $54.3 million in FY 2023, mainly due to a $2.4 million drop from seed cleaning operations and a $3.3 million decline in pet product sales [6]. - Gross profit margins for Q4 2024 were 14.5%, down from 20.9% in Q4 2023, while FY 2024 gross profit margins were 18.8%, compared to 22.6% in FY 2023, reflecting higher inventory costs and increased shipping expenses [7]. - Operating expenses decreased to $10.7 million in FY 2024 from $11.8 million in FY 2023, due to reduced professional fees and operational efficiencies [8]. Strategic Initiatives - The company launched a scalable process for Lifetime Steel Post® displayers and AdjustA-Gate® merchandisers, expanding into over 100 stores by the end of August 2024 [2]. - A partnership with Continental Sales & Marketing, Inc. was established to enhance distribution with key home improvement retailers, focusing on metal and composite fence products [2]. - The company added three new supply partners to diversify sourcing and reduce dependency on single suppliers, aiming to mitigate tariff impacts on steel products [2]. Management Insights - The CEO noted the company's successful navigation through post-pandemic challenges and emphasized a focus on profitable growth through strategic initiatives and innovative product launches [3][4]. - The company aims to improve transparency and investor relations through enhanced communication and participation in investor conferences [4]. Asset Management - The company listed its 11.6-acre property in Hillsboro, Oregon for sale at $9 million, with a book value of $566,022 [2]. - Inventory balances decreased to $13.2 million as of August 31, 2024, from $18.3 million a year earlier, while cash balances increased to $4.9 million from $0.1 million [11]. Earnings and Losses - The net loss for Q4 2024 was $(0.2) million, or $(0.05) per share, compared to a net income of $0.3 million, or $0.08 per share in Q4 2023 [10]. - For FY 2024, net income was $0.7 million, or $0.21 per share, compared to a net loss of $(0.0) million, or $(0.01) per share in FY 2023 [10].