Mr. Michael Robb reports

AIRIQ ANNOUNCES JUNE 30, 2026 QUARTERLY RESULTS

AirIQ Inc. has released its financial results for the three months ended June 30, 2026, 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 June 30, 2026, compared with June 30, 2025):

• Record recurring revenue of $1,653 increased by 25 per cent, or $330, compared with $1,323;
• Total revenue of $1,833 increased by 29 per cent, or $411, compared with $1,422;
• Gross profit of $993 increased by 14 per cent, or $121, compared with $872;
• Operating profit of $223 increased by 7 per cent, or $15, compared with $208;
• Net income of $69 increased 331 per cent, or $53, compared with $16.

"We are pleased to report a strong start to the year, with recurring revenues at a 25-per-cent increase over the prior year," said Mike Robb, president and chief executive officer of AirIQ. "The investments we have made in our sales and marketing and our rental strategy continue to strengthen the quality and predictability of our business. We remain focused on executing our strategy, expanding our recurring revenue base and investing in the business to support sustainable long-term growth and shareholder value", continued Mr. Robb. "Net income was negatively impacted by $43 due to increased non-cash amortization expenses related to acquired customer contracts compared to the same period the previous year."

Normal course issuer bid

The company filed a notice of intention to make a normal course issuer bid with the TSX Venture Exchange commencing June 24, 2025, and ending on June 26, 2026. Pursuant to the bid, the company proposed to purchase through the facilities of the TSX-V up to 1,455,829 common shares, representing approximately 5 per cent of the then issued and outstanding common shares of the company. The company's broker for the bid is Hampton Securities Ltd.

Financial statements and management 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, 2026, and 2025, including notes thereto, and management 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+. The company's financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, AirIQ U.S. 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-based (Internet of Things) 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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