Aluula Composites closed the second quarter with record revenues driven by the growth of the Performance Outdoor segment and the use of its ultralight composite materials in products.
The Canadian brand specializing in material production almost doubled its quarterly revenue, maintaining gross margin within the predetermined range and strengthening its financial position. According to the analysis by Outdoor Industry Compass, in the first three months revenues increased by 94%, reaching a record of 3.06 million Canadian dollars (1.9 million euros), compared to 1.57 million dollars in the same period of the previous year, while gross margin increased from 42% to 44%, remaining within the company’s target range of 40% to 45%.
The CEO and President Sage Berryman described the period as “another record quarter”, emphasizing how the Performance Outdoor segment continues to be the main growth driver. “This change reflects the first concrete results of Aluula’s strategy to expand its revenue base through new and developing applications”, he stated.
The outdoor sector drives growth
The outdoor segment represented 87% of second quarter revenues, while the Commercial Industrial sector contributed about 13%, an increase compared to the same period of the previous year thanks to the company’s expansion into new end markets. Within the outdoor business, applications dedicated to backpacks and bags continued to grow in importance, representing 19% of quarterly sales compared to just 3% recorded a year ago.
On the research and development front, the company continued work on PFAS-free waterproof and breathable materials, improving quality control processes, and developing new applications requested by customers, both for the outdoor and industrial markets. 
Next steps
Following the close of the quarter, the company signed a lease agreement for a new production facility in Vancouver, with operational entry expected in October 2026. The facility will increase production capacity by approximately 10 times the current level.
Management has defined 2026 as a year of investments, reaffirming commitment to disciplined execution of the industrial plan, continuous technological development, and strengthening Aluula’s positioning as a premium ingredient brand for the Performance Outdoor and Commercial Industrial markets.
