iFabric ‘25 Revenue +20%

iFabric’s “The Natural Collection” from Coconut Grove, as shown on its website. Several similar products have borne the Maidenform label for many prior years.

iFabric Corp, which owns Coconut Grove intimates, as well a larger fabrics division, announced it expects combined revenue for the full year 2025 to jump 20%. At the same time it revealed a recent “transition away from the prior Maidenform license,” which it has used for many years on a wide variety of “intimate apparel accessories and specialty bra solutions,” such as adhesive bras. As noted in earlier releases, iFabric had sold Maidenform labeled items in a wide range of countries “including, among others, the United States, Canada, Mexico, the United Kingdom and a number of Caribbean countries.” Items from the Maidenform collection are also still shown on the company website.

The Maidenform company as a whole was acquired by Hanes in 2013; and Hanes itself was acquired by Gildan in 2025. iFabric’s exit from the Maidenform label in recent months “is substantially reshaping its intimate apparel business. iFabric has already replaced the majority of the revenue previously generated from Maidenform licensed products with revenue from its own brand platform, geared toward a younger and better-aligned demographic. Management believes its new brand platform not only replaces the prior licensed revenue stream, but also creates materially broader opportunities in product development, positioning, and market expansion than would have been available under the Maidenform brand.”

iFabric’s other division, Intelligent Fabric Technologies (North America) Inc. (IFTNA), is where the recent “growth in revenue is largely driven by the rapid expansion of clinically-proven medical apparel (scrubs) programs” offered by that segment and its “category expansion, which are collectively expected to support ongoing expansion through 2026 and 2027.”

iFabric stated that for the company as a whole, 2025 revenue “is estimated at approximately 33CAD million,” [in Canadian dollars, about $24.1 million, at current exchange rates] and that “revenue for the first quarter of 2026 ended March 31, 2026 (Q1 2026) is expected to be in the range of 20CAD million to 25CAD million [about $14.6 million - $18.3 million], by far the largest ever quarter and compared to 7.1CAD million [$5.2 million] in the same period of 2025.”

CEO Hylton Karon explained “fiscal 2025 ended with real acceleration for iFabric. Our record fourth quarter revenue of approximately 11CAD million [about $8.0 million] was not an isolated event. It reflects the strength of programs we built throughout 2025, and that momentum has rolled directly into 2026. We are entering this year with a broader platform, stronger retail reach, and more growth drivers than at any point in our history.”  

The company emphasized that “a key contributor to that acceleration has been the rapidly expanding reach of” its “clinically-proven scrubs programs. Management believes these intelligent apparel programs are becoming a meaningful engine of growth, while also demonstrating the commercial power of IFTNA’s proprietary technologies in large-scale retail channels. At the same time, IFTNA’s expansion into new product categories continues to widen the company’s addressable market, with additional opportunities expected to develop throughout 2026 and into 2027.”

iFabric explained that while the exact size of sales in the first quarter of 2026 will be “dependent on shipping,” the increase in revenue “is being driven by expansion of existing, new and re-branded programs. In certain cases, iFabric provided targeted inventory clearance support in Q4 2025 to help major retailers transition from competing brands into company branded programs. This is a short-term investment the company believes is positioning it for significant longer-term gains.”

CEO Karon concluded, “the speed at which our clinically-proven scrubs programs have scaled gives us a high level of confidence in the size of the opportunity ahead. Those programs are expanding quickly, our order book remains strong, and IFTNA is continuing to open doors in new product categories. We believe that momentum will continue through 2026 and well into 2027.”