Richards Group Inc. Announces 2026 Second Quarter Results: Revenue Growth of 5% Primarily on Acquisitions; Gross Margins up 18%

Toronto, Ontario--(Newsfile Corp. - July 30, 2026) - Richards Group Inc. (TSX: RIC) (the "Company") announced today results for the quarter ended June 30, 2026.

Second Quarter 2026 Highlights: * Revenue contributions from acquisitions including DermapenWorld (June 2025) and PharmaSystems (May 2026) drove overall increase of 5.2%. * Organic Healthcare revenue up 7.3%, representing a solid quarter with strong performance in each of our core Aesthetic and Pharmacy verticals. Growth was driven by consumables and low-price capital equipment. * Packaging revenue fell 11.5%, lower than the 17.2% experienced in the first quarter and continuing to reflect the macro environment. * Gross margins in the quarter grew 18.4% on above-mentioned acquisitions. * Completed NCIB through the purchase of 450,926 shares Management Comments: