D-BOX Technologies Inc. Announces Leadership Changes and Reports Strong Financial Performance

MONTREAL, Aug. 13, 2025 — D-BOX Technologies Inc. (TSX: DBO), a leader in haptic and immersive entertainment technology, has announced significant developments that underscore its strategic direction and financial health. The company, known for its innovative motion systems used in entertainment and industrial simulation, has confirmed Naveen Prasad as its President and Chief Executive Officer (CEO) and reported record financial results for the first quarter of fiscal 2026.

Leadership Realignment

D-BOX has appointed Naveen Prasad as President and CEO, effective immediately. Prasad, who has been serving as Interim CEO since June 2025, was elected to the Board of Directors at the Corporation’s annual and special meeting of shareholders held on September 25, 2024. Under his interim leadership, the company has experienced meaningful momentum through executive realignment, commercial clarity, and improved financial and operational discipline. Brigitte Bourque, Chair of the Board, praised Prasad’s leadership, noting his ability to energize the company, align the leadership team, and sharpen the focus on performance and market opportunities.

Record Financial Performance

In its first quarter of fiscal 2026, D-BOX reported record royalty revenues of $4.0 million and an adjusted EBITDA of $3.3 million. Total revenues for the quarter reached $13.0 million, with the company achieving a net profit of $2.0 million after accounting for a $0.9 million restructuring charge. These results highlight D-BOX’s growing leadership position across simulation racing, training, and experiential markets, as well as its successful deployment of systems on over 1,000 theatrical screens worldwide.

Market Position and Outlook

D-BOX Technologies Inc., headquartered in Longueuil, Canada, specializes in the design, manufacture, and marketing of motion systems for the entertainment and industrial simulation industries. The company’s unique technology enhances the immersive experience by sending specific motion effects programmed for each visual content to a motion system incorporated into a platform or seat. With a market capitalization of 58,910,000 CAD and a close price of 0.31 CAD on August 11, 2025, D-BOX continues to demonstrate its potential for growth and innovation in the Consumer Discretionary sector, particularly within the Household Durables industry.

As D-BOX embarks on this new chapter under Naveen Prasad’s leadership, the company is poised to accelerate its growth and execution, further solidifying its position as a global leader in haptic and immersive entertainment technology. For more information about D-BOX and its offerings, interested parties can visit the company’s website at www.d-box.com .