Why Invest in Jamieson Wellness?

100 Years of Expertise. Exportable Worldwide.

Jamieson Wellness Inc. (TSX: JWEL) is a global branded wellness company with over 100 years of trusted natural health leadership – and a growing platform across the world’s most important vitamin, mineral, and supplement (VMS) markets. Our Jamieson brand is the #1 VMS brand in Canada, and a premium import brand gaining consistent share in China. We are establishing a growing position in the U.S., the world’s largest VMS market, with our youtheory brand. The same quality-seeking consumer drives demand in each of our core markets – and our ability to serve that consumer through owned manufacturing, regulatory expertise, industry-leading quality standards and locally relevant innovation is what makes this platform scalable.

In fiscal 2025, consolidated revenue grew 12% to $822.1 million and Adjusted EBITDA reached $159.7 million – with branded revenue, our highest-margin business, growing at 15.6%. The business is scaling, margins are expanding, and we have a clear aspiration to reach more than $1 billion in revenue.

Current Investor Presentation

A Compelling Investment Opportunity

A Category That Grows Through Cycles

Growth in VMS consumption is structural, not cyclical. Consumer adoption has expanded across demographics and remained elevated through recessions and COVID normalization. People don’t trade down on their health – and that makes this category behave differently from most consumer segments.

A Scarce, Scaled
Global Platform

Jamieson operates at scale in Canada, where we hold clear category leadership and are 2x–2.5x larger than our nearest branded competitor. We are scaling in two of the world’s most important VMS markets: China, where we have delivered over six consecutive years of above-market growth, and the U.S., where we are building a position in the world’s largest VMS market with our youtheory brand.

A Proven Playbook -
Now Scaling

Our model is consistent: deep consumer insight, quality, innovation, and strategic brand investment that turns awareness into loyalty. It works in Canada. It works in China. It works in the U.S. It works across our international markets. One platform, built for global scale.

A Clear Path to Margin Expansion

Adjusted EBITDA reached $159.7 million in 2025, a 19.4% margin and up 20 basis points year-over-year. Our model is built for operating leverage: global reach, shared cost base. As we invest behind our highest-growth markets today, we are building toward meaningful long-term margin expansion.

Disciplined Capital Allocation

We have returned almost $269 million to shareholders since our IPO through dividends and buybacks. We maintain balance sheet flexibility to pursue strategic M&A where it accelerates the platform – while keeping organic growth as our primary engine.

Our Focus

Jamieson is focused on delivering long-term shareholder value through:

Branded Growth

Gaining share in Canada, scaling in China, and establishing youtheory as a durable growth platform in the U.S. – three markets that together represent the majority of global VMS demand

Margin Expansion

Growing the proportion of higher-margin branded revenue and capturing the operating leverage that comes with scale, with the goal of continuing to expand Adjusted EBITDA margins

Disciplined Capital Allocation

Reinvesting to drive growth in our core markets while sustaining a growing dividend, returning capital through our buyback program, and preserving flexibility for M&A that is strategic, financially disciplined, and additive to the platform

Platform Investment

Brand trust, product quality, and innovation are what consumers respond to. Manufacturing scale and infrastructure are what make those advantages defensible and repeatable at global scale. We consistently invest in both.