First Canadian Order

Highlights

• A developer in Toronto, Ontario, Canada has placed an order for a two-storey loft showhouse (130 sqm) to be shipped from Eco's factory in Albania to Toronto.
• The showhouse will serve as a strategic sample home, where government approval institutions, regulators, and developers will validate Eco Buildings' technology to confirm local certification and adoption.
• This order is the launchpad for Eco Buildings' Canadian strategy, including the planned establishment of a dedicated Eco factory in Ontario to produce modular GFRG housing systems locally.
• This initiative directly aligns with national housing needs, with Canada requiring approximately 3.5 million additional homes by 2030 to restore housing affordability (source: CMHC).

Eco Buildings Group plc, a UK-listed modular construction company, is pleased to announce the commencement of construction of a two-storey loft showhouse of 130 square metres in its factory in Albania, to be shipped to site in Toronto, Canada. The site is 30,000 square metres and the individual plot size for this house is 370 square metres.

This initial project represents far more than a single sale; it is the first tangible step in Eco Buildings' strategic entry into the Canadian market. Upon completion of local certification and building regulation approvals, the showhouse is expected to be the precursor for a major housing development on the same site.

The client is purchasing the house at a price of €600 per sqm, as well as covering all shipping and transportation costs from the Eco factory in Albania to the site in Toronto.

The Toronto showhouse will act as a national demonstration hub, where government approval bodies and major developers will be invited to experience Eco Buildings' rapid, sustainable modular building system first-hand. This approach provides regulatory approvals and unlocks large-scale deployment potential across the country.

Following this initial phase, Eco Buildings plans to establish a dedicated Eco factory processing plant in Ontario, enabling local production of its GFRG modular building systems. This facility will support high-volume housing delivery to help tackle Canada's housing shortage, estimated at 3.5 million additional homes by 2030.

Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:

"This is a genuine breakthrough moment for Eco Buildings in Canada. After years of concern over how to close the housing gap, Eco's proven technology provides a practical, rapid, and scalable solution. By delivering a turnkey, high-quality building in a fraction of the usual time and cost, we are demonstrating a model that can be replicated nationwide. This order represents the launchpad for our strategic Canadian expansion, fully aligned with the country's housing affordability objectives."

Eco Buildings has already secured two sales contracts with major construction companies, one in Albania and the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million per annum over the first three years (approximately €114 million in total) following Admission.

The market share for factory-based building technology is expected to grow significantly over the coming years as private developers and the public sector seek to address the substantial and growing deficit in housing stock and issues of construction cost, speed, quality, and affordability.