Hammond Manufacturing Company Limited Provides Update on Tariff Receivable

(TheNewswire)

GUELPH, ONTARIO – TheNewswire - December 23,2025 - Hammond Manufacturing Company Limited (TSX:HMM.A) (the “Company”) announced that as aresult of evolving trade uncertainties, theCompany has revised its estimated U.S. tariff receivable establishedin the second quarter of 2025 from its current value of $2,604,000 tonil.  The impact will be reflected in the fourth quarter reportingand is expected to lower net income by $1,940,000. The receivablerelated to an anticipated refund for tariffs paid by the Companybetween the period March 12, 2025 and June 4, 2025 and does not impactthe Company’s results of operations for subsequent periods.

The Company manufactures a broad range of products forthe electronic and electrical products industry, including metallicand non-metallic enclosures, racks, small cases, outlet strips, surgesuppressors and electronic transformers.

Cautionary statement regardingforward-looking information:

This news release contains"forward-looking information" within the meaning ofapplicable securities laws. All statements, other than statements ofhistorical fact, that address activities, events, or developments thatthe Company believes, expects, or anticipates will, may, could, ormight occur in the future are "forward-looking information".Forward looking information contained herein may include, but is notlimited to, statements regarding the impact of the revision on theCompany’s fourth quarter reporting and the lack of impact on theCompany’s results of operations for subsequent periods.Forward-looking information contained herein reflects the currentexpectations or beliefs of the Company based on information currentlyavailable to it and is based on certain assumptions and is alsosubject to a variety of known and unknown risks and uncertainties andother factors that could cause the actual events or results to differmaterially from any future results, performance or achievementsexpressed or implied by the forward looking information, and are not(and should not be considered to be) guarantees of future performance.Any forward-looking information speaks only as of the date of thispress release and, except as may be required by applicable securitieslaws, the Company disclaims any intent or obligation to update orrevise such forward-looking information, whether as a result of newinformation, future events, or results, or otherwise. Investors arecautioned not to rely on these forward-looking statements.

For information, contact:

Hammond Manufacturing Company Limited

Robert F. Hammond, Chairman and CEO

Tel. (519) 822-2960

Fax. (519) 822-7289

Email:  ir@hammfg.com

• For Release  December 23, 2025 

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