• Record fourth quarter net sales from continuing operations of $1,078 million, up 31.3% vs. the prior year, including HanesBrands' contribution since December 1, 2025
• Fourth quarter operating margin of 9.2%, adjusted operating margin¹ of 20.7%
• Fourth quarter GAAP diluted EPS from continuing operations of $0.32, down 62.8% vs. the prior year, and record fourth quarter adjusted diluted EPS¹ from continuing operations of $0.96, up 15.7% vs. the prior year
• Cash flow from operations of $336 million in Q4, up 59.8% vs. the prior year and $606 million for the full year, an increase of 20.9% vs. the prior year; free cash flow¹ of $304 million in Q4, up 46.4% vs. the prior year and $493 million for the full year, up 26.7% vs. the prior year
• Capital returned to shareholders of $33 million in Q4 and $319 million for the full year, through dividends and share repurchases
• Company announces 10% dividend increase for 2026
• Acquisition of HanesBrands completed on December 1, 2025, creating a global basic apparel leader; Integration well underway and progressing ahead of plan, with various initiatives activated
• Company now expects to realize approximately $250 million (versus $200 million originally expected) of annual run-rate cost synergies over the next three years: approximately $100 million per year in 2026 and 2027 and at least $50 million in 2028; we continue to pursue additional synergy-capture opportunities beyond our revised synergy target, as the integration progresses
• Formal sale process initiated for the HanesBrands Australian business now held for sale and classified as discontinued operations, with net sales and diluted earnings per share for 2026 expected to be approximately $675 million and $0.21, respectively. The proceeds from the potential divestment will be used to pay down a portion of the Company’s outstanding debt, further accelerating Gildan's objective to return to a leverage framework of 1.5x to 2.5x net debt to proforma adjusted EBITDA ratio¹ and largely offsetting the expected earnings dilution from the HAA sale
• Company initiates 2026 annual guidance (excluding HanesBrands Australia): Revenues from continuing operations expected to be in the range of $6.0 to $6.2 billion, an increase of ~65% to ~70% year over year, including the contribution of HanesBrands for the full year; Adjusted diluted EPS¹ from continuing operations expected to be in the range of $4.20-$4.40, an increase of approximately 20% to 25% year over year
• Company maintains its three-year objectives for the 2026–2028 period

Montreal, Thursday, February 26, 2026 - Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced results for the fourth quarter and full year ended December 28, 2025, and initiated annual guidance for 2026. On December 1, 2025, the Company completed the acquisition of HanesBrands Inc. (“HanesBrands” or “Hanes”), as such, the fourth quarter and full year 2025 results include HanesBrands' contribution from December 1, 2025 to December 28, 2025. Furthermore, the HanesBrands Australian Business has been classified as held for sale and reported as discontinued operations as of the fourth quarter of 2025.

“2025 was another important year for Gildan with several highlights including record revenue from continuing operations of $3,619 million, adjusted operating margin¹ of 21.5%, adjusted diluted EPS¹ growth of 17.0% versus last year, and the closing of the HanesBrands acquisition on December 1. Our results underscore the impressive execution by our global team whose focus is now on fully capturing the value of our expanded platform. As we look ahead to 2026, we are very excited about the HanesBrands acquisition which doubles our scale, combines iconic brands with our world-class, low-cost, vertically integrated platform, and unlocks a powerful engine for innovation and growth. The integration is well underway and we now expect to deliver higher than initially targeted run-rate cost synergies reaching approximately $250 million by the end of 2028 with approximately $100 million in 2026.” said Glenn J. Chamandy, President and CEO.

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