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ALUULA reports Q1 sales up 85%, raises $14.1M for new manufacturing expansion

Company Fundamentals
25 Mar 2026
Newsfile Corp
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Bullish
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ALUULA Composites Inc. reported Q1 2026 sales of CAD 2.33 million, an 85% increase from Q1 2025, driven by strong growth in pack and bag and commercial industrial channels. Gross margins remained healthy at 42%, despite investments in capacity expansion. The company raised CAD 14.1 million through a private placement to fund a new 1.5-meter width manufacturing facility aimed at serving larger customers and scaling production. ALUULA expects operational costs and margins to be impacted during this growth phase but is confident in long-term demand and innovation-driven growth.

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