CALGARY, AB / ACCESS Newswire / February 12, 2026 / GINSMS Inc. (TSXV:GOK) ("GINSMS" or the "Corporation") has announced its financial results for the fourth quarter and twelve months ended December 31, 2025.

The annual audited financial statements of the Corporation for the twelve months ended December 31, 2025 are currently under audit and in the process of preparation. As required under Canadian securities law regulations, the Corporation will be disclosing and filing on SEDAR its annual audited financial statements and the related management's discussion and analysis ("MD&A") within 120 days after the end of its year end of December 31, 2025.

This financial disclosure was done in advance of the filing of the audited financial statements of the Corporation to allow GINSMS' ultimate holding company, Beat Holdings Limited ("BHL"), a public company in Japan, to use certain of GINSMS' financial information in the preparation of BHL's financial statements and announcements.

The Corporation's financial information for the twelve months ended December 31, 2025 is prepared in accordance with IFRS Accounting Standards. All amounts are expressed in Canadian Dollars unless otherwise noted.

Highlights include:

• Revenue of $1,457,990 for the twelve-month period ended December 31, 2025 as compared to revenue of $2,506,107 for the twelve-month period ended December 31, 2024.

• Revenue of $398,913 for the three-month period ended December 31, 2025 as compared to revenue of $459,833 for the three-month period ended December 31, 2024.

• Gross Profit of $537,968 for the twelve-month period ended December 31, 2025 as compared to gross profit of $1,154,956 for the twelve-month period ended December 31, 2024.

• Gross Profit of $167,848 for the three-month period ended December 31, 2025 as compared to gross profit of $194,057 for the three-month period ended December 31, 2024.

• Operating expenses and finance costs of $1,134,061 for the twelve-month period ended December 31, 2025 increased from $1,131,005 for the twelve-month period ended December 31, 2024.

• Operating expenses and finance costs of $247,978 for the three-month period ended December 31, 2025 decreased from $418,574 for the three-month period ended December 31, 2024.

• Net loss of $596,278 for twelve-month period ended December 31, 2025 as compared to a net profit of $21,485 for twelve-month period ended December 31, 2024.

• Net loss of $80,130 for three-month period ended December 31, 2025 as compared to a net loss of $224,541 for three-month period ended December 31, 2024.

Selected Profit and Loss Information

(1) Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS Accounting Standards. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortisation (in both cost of sales and general and administration expenses), interest expenses and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognised under IFRS Accounting Standards and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS Accounting Standards. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives.

Cost of Sales

Operating Expenses and Finance Costs

Selected Balance Sheet Information

The figures reported below are based on the unaudited consolidated financial statements of the Corporation which have been prepared in accordance with IFRS Accounting Standards.

Total assets of GINSMS including bank and cash balances, accounts receivable, deposits and prepayments, current tax assets, property, plant and equipment and right-of-use assets as at December 31, 2025 amounted to $814,900 compared to $1,062,436 as at December 31, 2024. Bank and cash balances amounted to $156,385 as at December 31, 2025, an decrease of 18.5% compared to $191,903 as at December 31, 2024. The decrease was mainly due to more net cash outflow from operating activities offset with net cash inflow from financing activities during the year.

Selected Liquidity and Capital Resources Information

SEGMENTED INFORMATION

a) Revenue by customers

b) Revenue by geographical location

c) Total non-current assets by geographical location

d) Financial information by business segments

Outlook

The Corporation announces its financial forecasts for the next twelve months ending December 31, 2026. The information included in this news release represents management's guidance as approved on February 12, 2026. The financial outlook was prepared for BHL, the ultimate holding company of the Corporation, for its public company reporting obligations in Japan.

Material Factors and Assumptions Supporting the Financial Outlook

a. Software Products and Services segment

• Revenue from the Corporation's major customers declined by 33.3% for the year ended December 31, 2025 compared to 2024, reflecting reduced demand for outsourced headcount.

• Gross margin for the Software Products and Services segment decreased to 39.5% in 2025, from 43.8% in 2024.

• For 2026, revenue from key customers is expected to remain relatively stable. Management forecasts a gross margin of 37.9%, incorporating:

• Moderated increases in man-hour rates.

• Salary increments factored into the forecast.

• Management considers this outlook conservative and achievable, given prevailing market conditions and customer demand

b. A2P Messaging Segment

• Traffic growth declined by 65.1% in 2025 compared to 2024, with all regions impacted by intensified competition.

• Revenue decreased by 63.2%, while gross margin fell to 24.9% in 2025, from 51.9% in 2024.

• Despite price adjustments to preserve margin, performance continued to weaken.

c. Operating Environment

• No significant changes in the competitive or regulatory environment are anticipated that would materially affect pricing or gross margins, other than those disclosed in sections (a) and (b).

d. Value-Added Services

• The financial outlook assumes the timely completion and launch of additional value-added services, which are expected to enhance customer offerings and support revenue growth.

e. Financing

• The Corporation expects to maintain access to financing through loans and cash advances to support ongoing sales operation.

The purpose of this financial outlook is to enable the Corporation's ultimate holding company, BHL, to reference and incorporate such information into its own financial disclosure. The operations of GINSMS represent a significant component of BHL's growth strategy, and management believes that providing this outlook will be useful to BHL's shareholders.

Readers are cautioned that the financial outlook of GINSMS, including its expected gross margin and revenue, constitutes forward-looking information. Such information is provided solely for the purpose described above and may not be appropriate for other uses.

1. Non-operating income included interest income and other non-operating income. Non-operating expenses included loss on foreign exchange and interest expenses.

2. Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS Accounting Standards. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortisation (in both cost of sales and general and administration expenses), interest expenses and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognised under IFRS Accounting Standards and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS Accounting Standards. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives.

About GINSMS

GINSMS is a mobile technology and services company with a diversified focus on Application-to-Person (A2P) Messaging Services and Software Products and Services.

A2P Messaging Service

Through its cloud-based platform, GINSMS enables the delivery of SMS messages to mobile subscribers across more than 200 mobile operators worldwide. While this business has provided global connectivity, GINSMS faces sustained competitive pressures and uncertain profitability.

Software Products and Services

GINSMS designs, develops, and distributes innovative software solutions for mobile operators and enterprises. With more than 100 successful deployments worldwide, the company has established a proven track record in delivering scalable and reliable technologies. Leveraging cost-efficient development hubs in Indonesia and Malaysia, GINSMS continues to expand its customer base and strengthen its position in the enterprise solutions market.

Global

Headquartered in Asia, GINSMS maintains offices in China, Singapore, Hong Kong, Malaysia, and Indonesia, providing regional expertise and supporting cross-border technology deployments.

Forward-Looking Statements

This press release contains forward-looking statements. These are not historical facts but reflect management's current expectations regarding future results, performance, and events. Forward-looking statements are generally identified by words such as "may," "could," "will," "expect," "intend," "estimate," "anticipate," "believe," or similar expressions. They are based on information available to management as of the date hereof and involve significant risks, uncertainties, and assumptions.

Risks and Uncertainties

Actual results may differ materially from those expressed or implied in forward-looking statements due to factors including, but not limited to:

• Operational risks: dependence on major customers, reliance on third-party software and equipment, system failures, delays, and adequacy of network resilience and backup systems.

• Market risks: increasing competition, rapid technology changes, market acceptance of new services, decline in demand, and consolidation among customers.

• Regulatory and legal risks: dependence on required licenses, compliance with data security and privacy requirements, adequacy of insurance coverage, and potential conflicts of interest.

• Financial and strategic risks: credit risk, sufficiency of cash flows, retention of key management personnel, and success of expansion into Chinese and other Asian markets.

• External risks: economic and political conditions in countries where the Corporation operates, as well as residency requirements for directors and officers.

Key Assumptions

Forward-looking statements in this release are based on assumptions management believes to be reasonable, including:

• The Corporation's software products will shift toward an outsourcing model leveraging lower cost bases in Indonesia and Malaysia, with new customer acquisition offsetting reduced revenue from existing customers.

• The A2P messaging business is expected to deliver minimal growth in traffic and revenue, constrained by sustained competitive pressures and uncertain profitability.

• The Corporation expects to obtain sufficient cash from financing activities to meet working capital requirements.

Cautionary Note

Forward-looking statements are made as of the date of this release. The Corporation undertakes no obligation to update or revise them except as required by law. Readers should not place undue reliance on these statements, which are provided to assist in understanding expected fiscal 2025 results, strategic priorities for fiscal 2026, and the anticipated operating environment. All forward-looking statements herein are expressly qualified by this cautionary note.

For further information, please contact:

GINSMS Inc.
Joel Chin, CEO
Tel: +65-6441-1029
Email: investor.relations@ginsms.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: GINSMS, Inc.