Mr. Justin Leger reports

CYBEATS TECHNOLOGIES CORP. ANNOUNCES THIRD QUARTER FISCAL 2025 FINANCIAL RESULTS

Cybeats Technologies Corp. has released its financial results for the three months ended Sept. 30, 2025. Please refer to the unaudited consolidated interim financial statements and management's discussion and analysis (MD&A) for the three months ended Sept. 30, 2025, filed on SEDAR+, for more information.

Financial highlights for the three months ended Sept. 30, 2025 (Q3 (third quarter) 2025), with comparatives for the three months ended Sept. 30, 2024 (Q3 2024):

• Revenue in Q3 2025 was $751,695, versus $510,404 in Q3 2024, an increase of 47 per cent year over year. This growth was due to the addition of new customers and the expansion of the company's existing customers.
• Net loss in Q3 2025 was $646,833, versus a loss of $1,617,814 in Q3 2024, an improvement of $970,982 or 60 per cent. The reduction in net loss was due to recent initiatives to right-size operating expenses.
• Cash at Sept. 30, 2025, was $1,563,445, an increase of $1,528,346 from $35,099 at the year ended Dec. 31, 2024 (FY (fiscal year) 2024). Subsequent to the quarter ending, the company announced a private placement for gross proceeds of $1.44-million.
• The attached chart shows quarterly revenue for the past two years. Quarterly revenue continues to increase as a result of expanded use of the company's software and by existing customers and onboarding of new customers.

Operational highlights in the quarter:

• Closed $3.2-million financing: completed LIFE (listed issuer financing exemption) offering of 32.4 million units, providing growth capital to accelerate commercial scale-up, research and development (R&D), and working capital;
• Strengthened balance sheet: settled $1.5-million of indebtedness and converted $1.4-million of debentures into equity, reducing debt and positioning Cybeats for commercial growth and scale-up.

Subsequent events:

• $1.4-million private placement with U.S. microcap fund: Cybeats closed a $1.4-million non-brokered private placement with IFCM MicroCap Fund LP, managed by Intelligent Fanatics Capital Management. Proceeds will support sales, marketing and general corporate initiatives as the company accelerates commercial growth;
• Secured multiyear contract extension with Schneider Electric: multiyear renewal with Schneider Electric, a global leader in energy management and automation, extending the use of SBOM Studio and SBOM Consumer solutions. The renewal highlights the value of the company's platform in reducing vulnerability management efforts by over 50 per cent, enhancing compliance and ensuring the operational reliability that companies and stakeholders depend on. The renewal also reflects the company's organic growth within existing enterprise accounts and the accelerating demand for or software supply chain security solutions driven by emerging global regulations.

"Cybeats continues to make steady progress in expanding its footprint across key industries as regulatory focus on software supply chain security intensifies," said Justin Leger, chief executive officer of Cybeats. "We're seeing healthy organic growth within our existing customer base and are advancing partnerships that will enhance our sales capabilities and unlock new customer channels and end-markets. As enterprise adoption of both SBOM Studio and SBOM Consumer accelerates, Cybeats remains focused on scaling commercial operations and converting market momentum into sustained growth."

Business outlook

Cybeats reiterates its growth strategy focused on expanding adoption of software bill of material (SBOM) management across critical infrastructure, industrial and regulated markets. SBOM Studio continues to gain traction with global leaders, such as Emerson Electric, Rockwell Automation and Schneider Electric, each of which has expanded SBOM management deployments annually. Strengthening regulatory momentum, including the European Union Cyber Resilience Act, NIS2, and emerging U.S. federal requirements, is increasingly positioning SBOM management as an essential compliance function, accelerating market demand.

Launched commercially in early 2025, SBOM Consumer extends the company's reach beyond software producers to software-consuming organizations by providing enterprise-wide, asset-level visibility across third party applications, connected devices and embedded components. The April, 2025, release, which added integration with enterprise asset management systems, enables operational technology and information technology teams to directly map SBOMs to digital or physical assets, monitor risks in real time and support operational decision-making, addressing a persistent visibility gap across global infrastructure.

Together, SBOM Studio and SBOM Consumer broaden the company's addressable market into highly regulated verticals, including telecom, automotive, health care, energy, finance and national security. Cybeats is driving growth through both organic expansion within existing accounts and the addition of new enterprise and government customers. Entering Q4 (fourth quarter), the company is advancing new partnerships that are expected to expand sales reach and accelerate customer acquisition. Cybeats also has the strongest pipeline in its history, with opportunities spanning planned pilots, active POCs and late-stage commercial negotiations. Based on current visibility, management believes the company can increase its revenue run rate to approximately $5-million by the end of Q2 (second quarter) 2026 (1).

About Cybeats Technologies Corp.

Cybeats Technologies is a cybersecurity company providing SBOM management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. The Cybeats platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations.

(1) Revenue run rate is a non-GAAP (generally accepted accounting principles) financial measure. It does not have a standardized meaning under IFRS (international financial reporting standards) and may not be comparable with similar measures used by other companies.

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