Mr. Eric Caton reports

JEMTEC 2025 YEAR END & FINANCIAL UPDATE

Jemtec Inc. is providing an update on its performance for the year ended July 31, 2025, and the company's financial situation, with no debt, strong liquidity and increasing net worth.

Year-end revenues

Revenues have increased by 9.6 per cent during the year ended July 31, 2025, compared with the year ended July 31, 2024, primarily due to the expansion with the Province of Saskatchewan. The company earned revenues on its agreements with the Province of Saskatchewan and with the CSC, on interest on cash balances, and from private bail clients waiting release from court dates.

Year-end expenses

During the year ended July 31, 2025, expenses increased by 3 per cent compared with the year ended July 31, 2024. Significant fluctuations were recorded in professional fees, share-based payments and office.

Year-end income tax

For the fiscal year ended July 31, 2025, the company income tax expense of $50,000 (2024: $30,534) and a deferred income tax expense of nil (2024: $2,000 recovery). The current income tax expense was related to income tax in Canada.

Year-end net income

For the year ended July 31, 2025, the company recorded a net income of $137,711, compared with net income of $90,301 during the year ended July 31, 2024. This increase in net income is primarily associated with the expansion of the Saskatchewan contract and the decrease in certain expenses.

Year-end liquidity

As at July 31, 2025, the company had cash and cash equivalents of $2,508,060 and working capital of $2,426,813. All cash and cash equivalents are on deposit with a Schedule 1 bank in Canada in current or interest accruing accounts.

Eric Caton, president and chief executive officer, said, "We are pleased with this fiscal year's progress, and we continue to see the company well positioned to grow its core business."

Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada since 1987, and, in doing so, has built a reputation for offering the best technological solutions and support for use in this demanding environment.

We seek Safe Harbor.