SHARE REPURCHASES

12 Months Ended

Dec. 31, 2025

18. SHARE REPURCHASES

On December 18, 2024, the Company announced a normal course issuer bid for common shares (the “Shares NCIB”), which commenced on December 20, 2024, terminates on December 19, 2025 and permits DIRTT to acquire up to 7,515,233 common shares. All purchases will be made on the open market through the facilities of the TSX at the market price of common shares at the time of acquisition. Any common shares acquired through the Shares NCIB will be immediately cancelled.

On February 13, 2025, the Company entered into a share repurchase agreement (the “NGEN Repurchase Agreement”) with NGEN III, LP (“NGEN”), pursuant to which the Company purchased for cancellation 3,920,844 common shares held by NGEN at a purchase price of $0.80 per share (the “Share Repurchase”). Pursuant to the terms of the NGEN Repurchase Agreement, the purchase price of $0.80 per share was a 1% discount to the closing price of the common shares on the TSX on January 27, 2025 (converted into U.S. Dollars using the February 13, 2025 closing exchange rate published by the Bank of Canada). Upon completion of the Share Repurchase on February 14, 2025, there were 189,643,903 common shares outstanding. The common shares repurchased under the Share Repurchase counted against the maximum number of shares that may be repurchased pursuant to the Shares NCIB, being 7,515,233 shares.

On December 18, 2025, the Company announced the renewal of the Shares NCIB ("Renewed Shares NCIB") which commenced on December 22, 2025, terminates on December 21, 2026 and permits DIRTT to acquire up to 9,593,878 common shares. All purchases will be made on the open market through the facilities of the TSX at the market price of common shares at the time of acquisition. Any common shares acquired through the Shares NCIB will be immediately cancelled.

In addition to the Share Repurchase, DIRTT acquired and cancelled 1,860,152 common shares during the year ended December 31, 2025, under the Shares NCIB (58,478 common shares for the year ended December 31, 2024) and nil shares under the Renewed Shares NCIB.

The following table summarizes the common shares repurchased and cancelled during the period:


Period	Total number of shares purchased		Average price paid per share		Total number of shares purchased as part of publicly announced programs		Maximum number of shares that may yet be purchased under the program
January 1, 2025 - January 31, 2025		109,556	$	0.77		109,556		7,347,199
February 1, 2025 - February 28, 2025(1)		4,074,200	$	0.80		153,356		3,272,999
March 1, 2025 - March 31, 2025		255,351	$	0.69		255,351		3,017,648
April 1, 2025 - April 30, 2025		266,546	$	0.73		266,546		2,751,102
May 1, 2025 - May 31, 2025		197,129	$	0.66		197,129		2,553,973
June 1, 2025 - June 30, 2025		266,473	$	0.61		266,473		2,287,500
July 1, 2025 - July 31, 2025		255,173	$	0.65		255,173		2,032,327
August 1, 2025 - August 31, 2025		1,500	$	0.59		1,500		2,030,827
September 1, 2025 - September 30, 2025		84,956	$	0.52		84,956		1,945,871
October 1, 2025 - October 31, 2025		13,000	$	0.54		13,000		1,932,871
November 1, 2025 - November 30, 2025		88,456	$	0.70		88,456		1,844,415
December 1, 2025 - December 31, 2025(2)		168,656	$	0.68		168,656		9,593,878
Total		5,780,996				1,860,152		9,593,878

(1) Includes 3,920,844 common shares that were repurchased from NGEN under the Share Repurchase at a purchase price of $0.80 per share. The Share Repurchase was completed on February 14, 2025. The Share Repurchase was a privately negotiated transaction and was not made pursuant to the Shares NCIB or any other publicly announced share repurchase programs, although it was counted against the Shares NCIB limit.

(2) The Renewed Shares NCIB commenced on December 22, 2025. In the month of December, 168,656 shares were purchased under the Shares NCIB and nil were purchased under the Renewed Shares NCIB, therefore no purchases were counted against the Renewed Shares NCIB limit of 9,593,878.