Mr. David Watson reports

PLAINTREE SYSTEMS INC. ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS

Plaintree Systems Inc. has released its unaudited interim consolidated financial statements and related management's discussion and analysis for the six months ending Sept. 30, 2025.

For the quarter ending Sept. 30, 2025, Plaintree realized revenues from operations of $4,691,162, compared with $6,229,534 for the same period in fiscal 2025.

Net income was $924,152 for the quarter ending Sept. 30, 2025, as compared with a net loss of $(610,524) for the same period a year earlier.

For the first six-month period ended Sept. 30, 2025, Plaintree realized revenues from operations of $10,226,430, compared with $12,840,486 for the same period in fiscal 2025.

For the first six-month period ended Sept. 30, 2025, Plaintree realized net income of $1,926,690, compared with $551,825 for the same period in fiscal 2025.

"This positive quarter was hard won, considering that the recertification process and tariff uncertainty has effectively shut down Elmira shipments for the past six months," said David Watson, chief executive officer. "On a positive note, we have been advised that final approval of the recertification for the remaining appliances should be issued in the next few months, and following this, Elmira can begin to ship its accumulated backlog. The wind down of Summit continues with chattels and buildings in the process of being sold."

Additional information relating to the company, including the financial statements, may be found on SEDAR+ or the company's website.

About Plaintree Systems Inc.

Plaintree has two diversified product divisions consisting of specialty structures and applied electronics.

The specialty structures division includes the Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, foundations for unstable soil conditions and flood zones, for free form structures, barrel vaults, space frames and industrial dome coverings, and Spotton Corp., a design and manufacturer of high-end custom hydraulic and pneumatic valves and cylinders.

The applied electronics division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Elmira Stove Works Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high-purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high-precision machining to the aerospace and defence markets. The company's facility includes five axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly and pressure seals. Summit will support requirements from concept, prototype and throughout production. Elmira Stove Works Inc. a manufacturer of high-end heritage and retro-styled kitchen appliances under the brand names Northstar, Fireview and Heritage.

Until July, 2025, the applied electronics segment included the business of Summit Aerospace USA Inc., a machine shop serving the aerospace sector. The assets and liabilities associated with this business are presented as held for sale as of September, 2025.

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