Coconut Grove Q2 Sales +28%

Q2 sales at iFabric’s Intimate Apparel Division (which it also refers to as the Coconut Grove Division) jumped 28% to $3,248,358CAD (Canadian dollars, about $2.34 million at current exchange rates) from $2,528,626CAD  (about $1.8 million) in 2025, “mainly driven by the launch of Nudish at major retailers after the prior Maidenform licence expired on December 31, 2025.” (Nudish offers adhesive bras and a variety of other intimate apparel solutions products). The company stated “the new brand targets a younger demographic, broadens product opportunities, and eliminates prior license restrictions and royalties.” 

In the six months ended June 30, the Intimate Apparel division earned $1,294,558CAD (about $933,000) before taxes, on total revenue of $7,150,806CAD (about $5.15 million), compared to a profit of $281,197CAD (about $203,000) before taxes, on revenue of $3,779,365CAD (about $2.7 million) in the first half of 2025. iFabric CEO Hylton Karon emphasized that “at Coconut Grove, Nudish has had a strong launch, reaching a younger consumer, expanding our product range, and removing the restrictions and royalties of the prior license.”  

iFabric’s largest division is Intelligent Fabric Technologies North America (IFTNA), which offers a variety of finished apparel items, as well as “products and treatments that are suitable for application to textiles, plastics, liquids, hard surfaces and finished performance apparel.” Prominent offerings from this division are medical scrubs as well as footwear and now swimwear. For iFabric as a whole, H1 2026 revenue increased 188% to a record $37,088,424CAD (about $26.7 million) from H1 2025, which it noted was the company’s “strongest six-month performance to date, supported by record Q2 revenue of $9,585,729CAD [about $6.9 million], up 65% year over year.”

In other recent news, iFabric reported that is is launching its Verzus All swimwear line in Costco in the UK, France, Spain, Sweden and Iceland. Giancarlo Beevis, CEO of the IFTNA division, said “taking a company-owned brand into five international markets through a major club retail channel is a powerful validation of what we’ve been building. We believe retailers are increasingly looking for products that combine great design, quality, and value with a compelling technology story. Verzus All was created specifically to deliver that combination.” He added, “building Verzus All internationally has the potential to create value for iFabric on multiple levels. We are expanding the market for our apparel, increasing exposure for our technologies and, importantly, building equity in a brand that we own.”

iFabric CEO Karon summarized the first half noting, “these are the strongest results in iFabric’s history. First-half revenue nearly tripled, both divisions achieved all-time records, and that growth translated into meaningful earnings. Our team executed exceptionally well, and we enter the second half with tremendous momentum.”