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ACADIAN 20 Years of Sustainability News Release Investors , analysts and other interested parties may access Acadian Timber Corp.'s 2026 Second Quarter Results conference call and webcast on Thursday , August 6 , 2026 at 1:00 PM ET . Please register here or follow the link on our website at www.acadiantimber.com/presentations-webcasts , to receive your unique PIN . For those unable to participate , a recorded rebroadcast will be available until 4:00 PM ET August 6 , 2027 . ACADIAN TIMBER CORP . REPORTS SECOND QUARTER RESULTS Edmundston , NEW BRUNSWICK - August 5 , 2026 - Acadian Timber Corp. ( " Acadian " or the " Company " ) ( TSX : ADN ) today reported financial and operating results ¹ for the three months ended June 27 , 2026 ( the " second quarter " or " Q2 2026 " ) . " Our results reflect two trends : ongoing progress towards sustained profitability in Maine due to changes that were made during the quarter , and reduced sales volumes in New Brunswick due to elevated customer roundwood inventories , " said Malcolm Cockwell , Interim President and Chief Executive Officer . " We expect that Maine will continue delivering stronger results in 2026 compared to last year , and that New Brunswick will return to normal harvesting levels over the rest of the year . " During the second quarter , Acadian generated sales of $ 14.6 million compared to $ 17.1 million in the second quarter of 2025 . Acadian generated $ 1.3 million of net income , $ 1.3 million of Adjusted EBITDA and $ 0.2 million of Free Cash Flow during the second quarter . The Board of Directors declared dividends of $ 5.4 million , or $ 0.29 per share , to our shareholders . Acadian's balance sheet remains solid with $ 15.0 million of net liquidity as at June 27 , 2026 , which includes funds available under our credit facilities . 1 This news release makes reference to " Adjusted EBITDA " , which Acadian's management defines as net income before interest , income taxes , fair value adjustments , non - cash cost of sales related to carbon credits , recovery of or impairment of land and roads and depreciation and amortization , and to " Adjusted EBITDA margin " , which is Adjusted EBITDA as a percentage of sales . Reference is also made to " Free Cash Flow " , which Acadian's management defines as Adjusted EBITDA less interest paid , current income tax expense , capital expenditures excluding acquisitions of timberlands and non - cash expenditures , and mandatory debt repayments , plus net proceeds from the sale of timberlands and other fixed assets ( proceeds less gains or losses ) . Management believes that Adjusted EBITDA , Adjusted EBITDA margin , and Free Cash Flow are key performance measures in evaluating Acadian's operations and are important in enhancing investors ' understanding of the Company's operating performance . Adjusted EBITDA and Adjusted EBITDA margin are indicative of the underlying profitability of Acadian's operating segments and are used to evaluate operational performance . Free Cash Flow is used to evaluate Acadian's ability to generate sustainable cash flows from our operations that are available for dividends , repurchases of common shares , debt reduction , acquisitions , and other capital allocation activities . Reference is also made to " net liquidity " which includes cash and cash equivalents and funds available under credit facilities less amounts reserved to support the minimum cash balance related to long - term debt . Please refer to the section entitled " Non - IFRS Measures " in Management's Discussion and Analysis for further details . -1-