Mr. Michael Robb reports

AIRIQ ANNOUNCES SEPTEMBER 30, 2025 QUARTERLY RESULTS

AirIQ Inc. has released its financial results for the three and six months ended Sept. 30, 2025, reporting a new record for recurring revenue.

Unless otherwise noted herein, all amounts are in thousands of Canadian dollars except share and per-share information.

First quarter and sequential highlights (for the three months ended Sept. 30, 2025, compared with Sept. 30, 2024)

• Record recurring revenue of $1,386 increased by 16 per cent or $187 compared with $1,199;
• Total revenue of $1,528 increased by 20 per cent or $259 compared with $1,269;
• Gross profit of $909 increased by 11 per cent or $92 compared with $817;
• Net income of $136 increased 368 per cent or $107 compared with $29;
• Cancellation of 611,000 common shares repurchased under the normal course issuer bid.

"We are proud to announce that we have set another record in recurring revenues, which increased by 16 per cent compared with the prior year," said Mike Robb, president and chief executive officer of AirIQ. "This is a strong quarter where we've achieved increases across every major revenue and profit metric. Building on this momentum, subsequent to quarter-end, we were successful in completing a strategic acquisition that expands our recurring revenue stream. As a result, our annualized recurring revenues have now surpassed the $6-million threshold. We anticipate that continued sales and marketing success will generate even greater rates of growth in revenue and profitability in the future," continued Mr. Robb.

All dollar amounts set out herein are in Canadian dollars.

Financial statements and MD&A (management's discussion and analysis)

The company's unaudited consolidated condensed interim financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings Inc., AirIQ U.S. Inc. and AirIQ LLC. All intercompany balances and transactions have been eliminated on consolidation.

The company's unaudited consolidated interim financial statements for the three months ended June 30, 2025, and 2024 including notes thereto, and management's discussion and analysis for the same period are being filed with the Canadian securities regulatory authorities on today's date, and will be available on the company's website and on SEDAR+ website. The company's financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, AirIQ U.S. Inc. and AirIQ LLC. All intercompany balances and transactions have been eliminated on consolidation.

About AirIQ Inc.

AirIQ was founded in 1997 and is a pioneer in IoT-(Internet of Things)-based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The company develops iOS and Android mobile, and Web-based applications, and cloud-based solutions that stand alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery powered solution for non-powered assets.

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