BuildDirect Reports First Quarter 2025 Financial Results

BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company“) a leading omnichannel building material retailer, announced its financial results for the First Quarter Ended March 31, 2025 (“Q1 2025”).

• Delivered $0.65 million in adjusted EBITDA in Q1 2025, extending the Company’s track record to 13 straight quarters of positive performance
• Delivered gross margin of 41.3% in Q1 2025, an increase of 220 bps year-over-year
• Working capital decreased by $0.2 million to $2.5 million at March 31, 2025 from $2.7 million at December 31, 2024
• Opened a new Pro Center in California and completed the acquisition of key flooring assets in Florida to expand market reach in key U.S. regions
• BuildDirect reports in US dollars and in accordance with IFRS Accounting Standards

“BuildDirect delivered solid financial performance in the first quarter of 2025, generating $0.65 million in adjusted EBITDA and marking our 13th consecutive quarter of positive results,” said Shawn Wilson, CEO of BuildDirect. “Our gross margin of 41.3%, an increase of 220 basis points year-over-year, reflects our more efficient and higher margin core inventory profile across our businesses.”

Shawn added, “We also continued to execute on our strategic growth priorities by opening a new Pro Center in California and acquiring key flooring assets in Florida to expand our footprint in key U.S. regions with strong demand fundamentals. These actions support our long-term objective of driving sustainable, profitable growth and enhancing shareholder value.”

2025 Outlook

As part of the Company’s growth strategy, BuildDirect is actively pursuing a combination of new location builds and targeted strategic acquisitions that align with its operational and financial objectives. Looking forward, BuildDirect remains committed to strengthening its geographic footprint, deepening supplier relationships, and expanding service capabilities to better serve its growing base of professional customers. BuildDirect is also focused on driving EBITDA growth through operational improvements, working capital discipline, and the continued build-out of its commercial sales channel. With a strong foundation in place and a clear path forward, BuildDirect is well-positioned to scale efficiently and capture market share in both core and emerging regions.

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About BuildDirect

BuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect’s growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit www.BuildDirect.com.

Contact:

Shawn Wilson – CEO – shawnwilson@builddirect.com

Source: BuildDirect.com Technologies Inc.