Mr. Ghassan Halazon reports

EMERGE REPORTS STRONG PRELIMINARY Q3 RESULTS

Emerge Commerce Ltd. has provided preliminary unaudited results for the third quarter ended Sept. 30, 2026.

Select preliminary Q3 2026 financial highlights (versus Q3 2025):

• Revenue expected to be $7.4M-million versus $7-million, an increase of 5 per cent;
• Gross margin expected to be 38 per cent versus 34 per cent;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) expected to be $313,000 versus $261,000, an increase of 20 per cent;
• Total cash was $4.9-million (Sept. 30, 2026) versus $4.1-million (Sept. 30, 2025);
• Total cash includes $1-million in restricted cash held with Desjardins, scheduled for release at the facility's one-year anniversary review.

Ghassan Halazon, founder and chief executive officer of Emerge, commented: "Our preliminary Q3 results reflect continued progress, with adjusted EBITDA expected to grow 20 per cent year over year, alongside higher revenue and improved gross margins. Combined with our recently completed seven-year refinancing with Desjardins, which lowered our interest rate from 11.0 per cent to 7.3 per cent, we are building a stronger financial foundation."

Emerge expects to file its full Q3 results in late November, 2026.

Preliminary unaudited financial information

The financial and operating results included in this news release are based on preliminary unaudited estimated results, which have not yet been finalized. These estimated results are subject to change upon completion of the Q3 2026 financial statements and such changes could be material due to, among other things, the completion of Emerge's financial closing procedures, final adjustments, and other developments that may arise between now and the time the financial results are finalized. Unless otherwise noted, all amounts are in Canadian dollars.

About Emerge Commerce Ltd.

Emerge Commerce is a disciplined acquirer and operator of profitable e-commerce brands and technologies across direct-to consumer (D2C) and business-to-business (B2B) segments. The company's D2C portfolio spans Emerge's grocery and golf verticals. truLocal is Emerge's flagship Canadian meat and seafood subscription service. Emerge's golf vertical includes UnderPar (discounted golf experiences), JustGolfStuff and Tee 2 Green (discounted apparel and equipment). Emerge B2B houses Viral Loops, the company's referral marketing platform.

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