Gildan Activewear initiates formal sale process for HAA

Gildan is providing an update on the previously announced strategic review of the HanesBrands Australian business. Following a comprehensive evaluation of strategic alternatives, the Company has determined that pursuing a sale of HAA is in the best interests of Gildan and its stakeholders. As a result, Gildan has initiated a formal sale process for HAA, in line with the ongoing integration plan and its focus on core operations where it can leverage its state of the art low-cost vertically integrated network. As such, HAA operations have been classified as held for sale and reported as discontinued operations as of the fourth quarter of 2025 and, as a result, except where otherwise indicated, the contribution of HAA is excluded from the measures presented in this press release. See Note 23 “Businesses Held for Sale and Discontinued Operations” of our audited consolidated financial statements as at and for the year ended December 28, 2025, for additional information about discontinued operations.