Jones Soda Reports 450% Increase in Q4 2025 Revenue to $11.7 Million and Positive Adjusted EBITDA of $0.5 Million Accessibility StatementSkip Navigation Full-Year 2025 Revenue Up 42% to $25.3 Million with Adjusted EBITDA Improvement of $5.2 Million Year- over-Year Management to Host Conference Call Tuesday, March 31, 2026, at 4:30 p.m. ET SEATTLE, March 31, 2026 /PRNewswire/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones Soda" or the "Company"), today announced its financial results for the fourth q ...

Financial Data and Key Metrics Changes - The company reported record earnings with a quarterly EPS of $9.37, up 129% from the previous year, and an annual EPS of $28.88, compared to $14.60 in 2024 [5][12] - Revenue for Q4 2025 increased by 42% year-over-year to $2.6 billion, while full-year revenue exceeded $9 billion, marking a 30% increase compared to 2024 [7][12] - Gross profit for Q4 was $675 million, a $241 million increase from the previous year, with a gross profit margin of 25.5%, up from 23.2% [8][9] - Operating income for Q4 increased by 89% to $427 million, with an operating income percentage of 16.1%, up from 12.1% [11] - Full-year EBITDA was $1.45 billion, with an EBITDA margin of 16% [12] Business Line Data and Key Metrics Changes - The mechanical segment revenue increased by 21%, while the electrical segment revenue surged by 62% [7] - Same-store revenue growth for Q4 was 35%, with an overall same-store revenue increase of 26% for the year [5][7] - Service revenue grew by 12%, contributing to a record $1.2 billion in total service revenue for 2025 [16] Market Data and Key Metrics Changes - The backlog reached an all-time high of $12 billion, with a 93% increase year-over-year on a same-store basis [5][14] - The industrial sector, including technology, accounted for 67% of total revenue, with technology alone representing 45% of revenue, up from 33% the previous year [15][16] - Institutional markets, including education and healthcare, contributed 21% of revenue [15] Company Strategy and Development Direction - The company plans to increase modular capacity from 3 million sq ft to approximately 4 million sq ft by the end of 2026, with investments in technology and workforce training [6][14] - Recent acquisitions of two electrical companies are expected to enhance operational capabilities [6] - The company is focused on maintaining strong relationships with customers and investing in its workforce to meet growing demand [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued strong performance in 2026, supported by unprecedented backlog and project pipelines [17] - The company anticipates same-store revenue growth in the mid-teens to high-teens percentage for 2026, with a focus on maintaining profitability and productivity [11][41] - Management acknowledged challenges such as labor shortages but emphasized their commitment to attracting and retaining talent [24] Other Important Information - The company increased its quarterly dividend by $0.10 to $0.70 per share, demonstrating a commitment to shareholder returns [7] - Full-year free cash flow reached a record $1 billion, indicating strong cash generation capabilities [12] Q&A Session Summary Question: Clarification on backlog growth - Management clarified that backlog reflects binding commitments from projects planned 1-2 years prior, indicating they are late-cycle players in the construction process [20][22] Question: Labor shortage situation - Management confirmed they have added over 7,000 employees in the last 24 months and are employing various strategies to attract and retain talent [24] Question: Bookings in Q4 - Management noted that over half of the $2.6 billion in bookings were new modular bookings, with significant activity in data centers and other sectors [32][33] Question: Modular expansion timeline - The company plans a gradual addition of modular capacity throughout 2026, with some space becoming productive earlier in the year [36] Question: Impact of weather on operations - Management acknowledged that weather events, such as ice storms, can impact operations but are considered seasonal and manageable [72][74] Question: M&A pipeline and cash deployment - Management indicated a strong M&A pipeline but emphasized the need for conviction in acquisitions, balancing cash generation with strategic investments [82][86]

Australian Banking Sector - Australia's largest banks, including Commonwealth Bank of Australia (CBA), Westpac (WBC), National Australia Bank (NAB), and ANZ (ANZ), are reducing reliance on mortgage brokers to enhance profitability in a competitive A$1.6 trillion home loan market [2][9] - In-house loan originations are 20-30% more profitable than those sourced through brokers, prompting banks to hire more bankers and invest in proprietary channels for direct lending [3][9] - The combined cash earnings for the "Big Four" banks fell by 4.5% to approximately A$30 billion (US$19.5 billion) in 2025, with net interest margins (NIMs) increasing by only 2 basis points to 1.8% [4][9] Boeing Company - Boeing is focusing on improving customer relations at the Dubai Airshow amid ongoing delays for its 777X mini-jumbo program, with the first delivery now expected in 2027 [5][6][9] - The delays, attributed to the stringent certification process with the U.S. Federal Aviation Administration (FAA), have resulted in a $4.9 billion charge in Q3 2025, with additional charges anticipated between $2.5 billion and $4 billion [6][9] - Major customers like Qatar Airways and Emirates have been affected by the delays, with Emirates expressing significant frustration [7][9]

Core Viewpoint - Midsona is initiating a restructuring program aimed at improving profit margins and achieving significant cost savings, while also addressing challenges faced due to a recent factory fire [1][5]. Financial Performance - In the third quarter, Midsona reported an operating profit of Skr45 million, an increase from Skr32 million year-over-year, with an EBIT margin improvement of 150 basis points to 5% [2]. - Reported sales decreased by 2.6% to Skr895 million, a decline greater than the 0.4% drop in the same quarter last year [4]. Restructuring Program - The restructuring initiative is expected to generate annual savings of Skr20 million ($2.1 million) and will cost around Skr15 million to implement [1][5]. - The program is part of a broader efficiency review that includes evaluating production and logistics to enhance competitiveness [5]. Future Targets - Midsona aims to achieve an EBIT margin of 8% by 2027, up from 3.4% last year and 1.6% in 2023, alongside targeting organic growth of 3-5% [3]. - The company experienced a negative organic growth of 0.4% in the third quarter, down from a positive 2.6% in previous months, largely due to the impact of the fire at its Barcelona factory [4]. Management Statements - CEO Henrik Hyalmarsson emphasized the need to accelerate efforts towards higher profitability and confirmed that details of the restructuring program are still being finalized [3][7]. - The company plans to achieve the full run rate effect from the restructuring by the first quarter of the next year [7].