Mr. Praveen Arichandran reports

ARGO CORPORATION REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS

Argo Corp. has released its financial results for the quarter ended March 31, 2026 (Q1 first quarter) 2026).

The company's Q1 2026 financial and business highlights included the following:

• Revenue: Revenue from continuing operations increased by approximately 474 per cent to $2.9-million in Q1 2026, compared with $500,000 in Q1 2025.
• Municipal agreements: During the quarter, Argo successfully renewed and expanded its transit services agreement with the town of Bradford West Gwillimbury and continued service delivery under its agreement with the City of Brampton.
• Net income: Net income from continuing operations was $1.0-million in Q1 2026, compared with a net loss from continuing operations of $1.7-million in Q1 2025. Net income in Q1 2026 included non-operating items.
• Operating loss: Operating loss from continuing operations was $1.2-million in Q1 2026, compared with $3.1-million in Q1 2025.

For detailed information, please refer to Argo's condensed interim consolidated financial statements for the three months ended March 31, 2026, and March 31, 2025, and its management's discussion and analysis of financial condition and results of operations for the three months ended March 31, 2026, and March 31, 2025 (the Q1 2026 MD&A), filed on SEDAR+.

About Argo Corp.

Argo delivers the first-ever vertically and publicly integrated city transit system, designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility.

We seek Safe Harbor.