Highlights from the Quarterly Report

• Quarterly Period Ended: June 30, 2026
• Common Stock Outstanding: 20,540,949 shares as of July 22, 2026
• Exchange: The Nasdaq Global Select Market (Trading Symbol: BOOM)
• Filer Status: Accelerated filer
• Company Structure: Not a smaller reporting company, not an emerging growth company, and not a shell company

Key Financial Results (Amounts in Thousands, Except Share and Per Share Data)

Balance Sheet Highlights as of June 30, 2026

• Total Assets: \$635,831
• Total Liabilities, Redeemable Noncontrolling Interest, and Stockholders’ Equity: \$635,831
• Redeemable Noncontrolling Interest: \$187,080
• Stockholders’ Equity: \$242,050
• Common Stock Shares Issued: 21,168,968
• Preferred Stock: 4,000,000 shares authorized, none issued or outstanding

Income Statement Highlights

• Net Income (Loss) for Q2 2026: \$2,017
• Net Income (Loss) for Six Months Ended June 30, 2026: \$321
• Net Income (Loss) Attributable to DMC Global Inc. Stockholders (Q2): \$507
• Net Income (Loss) Attributable to DMC Global Inc. Stockholders (Six Months): \$116
• Net Loss for the Same Period in 2025 (Q2): (\$4,793)
• Net Income for the Same Period in 2025 (Six Months): \$2,184

Earnings Per Share

• Q2 2026 EPS (Basic and Diluted): \$0.10
• Six Months 2026 EPS (Basic): \$0.10; (Diluted): \$0.10
• Q2 2025 EPS (Basic and Diluted): (\$0.24)
• Six Months 2025 EPS (Basic): (\$0.24); (Diluted): (\$0.24)

Strategic and Price-Sensitive Developments

• Redeemable Noncontrolling Interest: The company may need to redeem a newly designated series of preferred stock if the minority interest holder of Arcadia Products exercises its right to sell its remaining interest in Arcadia to DMC. This could have a material impact on cash flows and capital structure.
• Strategic Review and Related Matters: The company continues to incur expenses related to strategic review and related matters, with \$775,000 in Q2 2026 (YTD \$2,073,000). These expenses may indicate ongoing evaluation of the company’s structure, portfolio, or M&A opportunities.
• Restructuring and Asset Impairment: DMC incurred \$239,000 in restructuring and asset impairment charges in Q2 (YTD \$1,149,000), reflecting efforts to streamline operations or adjust to changing market conditions.

Forward-Looking Statements and Risks

The company’s forward-looking statements indicate several risk factors that may impact future performance and share price:

• Geopolitical Tensions: Ongoing conflicts (e.g., between the United States, Israel, and Iran) and related geopolitical instability.
• Global Tariff Policies: Changes in global tariffs may impact sales, profitability, and cost recovery.
• Market Volatility: Volatility in energy markets, order activity at NobelClad, and shipment timing.
• Liquidity: The company’s ability to access capital markets and credit facilities as needed.
• Inflation and Supply Chain: Risks regarding the cost and availability of energy, raw materials, supply chain delays, and transportation disruptions.
• Legal and Regulatory: Potential impact of pending or future litigation, regulatory matters, and activist shareholders.

The company explicitly warns that actual results could differ materially from forward-looking statements due to these and other risks.

Other Noteworthy Details for Shareholders

• Common Stock Authorization: 50,000,000 shares authorized; 21,168,968 issued.
• No Preferred Stock Outstanding: Company has flexibility but currently no outstanding preferred shares.
• Reporting Compliance: The company remains compliant with all SEC reporting and interactive data requirements.
• Equity Structure: The company’s equity is not classified as that of a smaller reporting company or emerging growth company, which may affect disclosure requirements and reporting flexibility.

Summary for Investors

DMC Global Inc. has returned to profitability in Q2 2026, reversing a significant loss in the prior year. The company continues to navigate strategic reviews, restructuring, and a complex macroeconomic and geopolitical environment. Shareholders should closely monitor the potential redemption of the Arcadia minority interest, ongoing cost-control initiatives, and external risks such as tariffs, supply chain disruptions, and international conflicts. These factors have the potential to materially impact future earnings and the company’s share price.