Financial Performance & Growth - NTIC achieved record consolidated net sales in Q1 FY26, driven by the strongest year-over-year growth rate since FY24 [10] - ZERUST® oil and gas net sales increased by 58.1% to a Q1 record of $2.4 million [10] - ZERUST® industrial net sales increased by 6.9% to a quarterly record of $14.9 million [10] - NTIC China net sales increased by 23.5% to a quarterly record of $4.9 million [10] - Natur-Tec® product net sales increased by 2.2% to a quarterly record of $6.0 million, and up 16.5% from Q4 FY25 [10] Profitability & Expenses - Operating expenses as a percentage of Q1 FY26 sales were 41.8%, reflecting the third consecutive quarterly improvement in holding down operating expenses [10] - NTIC expects consolidated gross margin to improve sequentially during FY26, benefitting from a more profitable mix of sales [10] - From FY20 to FY25, gross profit margin has improved 400 basis points to 37.6% [71] Debt & Cash Flow - NTIC's revolving line of credit and term loan balance was a combined total of $12.0 million at November 30, 2025 [10] - Cash and cash equivalents of $6.4 million at November 30, 2025 does not include $15.6 million of cash at NTIC's joint ventures [10] Strategic Initiatives - From FY15 to FY25, Natur - Tec® and ZERUST® Oil & Gas have achieved compound annual growth rates (CAGR) of 17.7% and 14.5%, respectively, compared to the 8.6% CAGR of the established ZERUST® industrial business [22] - In November 2025, Zerust Brazil secured a new three - year offshore project with a leading global EPC company valued at approximately $13 million [50, 97]
Northern Technologies International (NTIC) - 2026 Q1 - Earnings Call Presentation