Mr. Robert Moran reports

SPECTRA PRODUCTS INC. REPORTS SECOND QUARTER 2026 RESULTS

Spectra Products Inc. has released its financial results for the three and six months ended June 30, 2026.

Continued operational profitability in 2026 has allowed the company to maintain strong cash reserves as at June 30, 2026. Cash and investments comprise over $1.26-million, a decrease of approximately $178,000 since Dec. 31, 2025, reflecting share repurchases under the company's normal course issuer bid and working capital movements.

Revenues for the three-month period ended June 30, 2026, were $399,195, compared with $387,786 for the same period in 2025, an increase of 3 per cent. Revenues for the six-month period ended June 30, 2026, were $796,648, compared with $872,178 for the same period in 2025, a decrease of 9 per cent.

In the three-month period ended June 30, 2026, net income before taxes of $13,007 was realized, compared with a net loss before taxes of $39,747 for the same period in 2025. Earnings before taxes and stock-based compensation were $46,007 for the three months ended June 30, 2026, resulting in a six-month total of $73,397.

"We are pleased to report an increase in quarterly revenues and a return to profitability over the same quarter last year, particularly in the current economic environment," said Robert Moran, interim president of Spectra Products. "The company has built a sizable cash position and continues to actively assess acquisitions and new business opportunities to further enhance shareholder value."

Spectra Products is the Toronto-based North American designer, manufacturer and distributor of wheel-end safety products to the transportation industry. These products include Brake Safe, Zafety Lug Lock, Hub Alert, the Termin-8RO line of electric vehicle protection, anti-corrosion and extreme-pressure lubricants, and Optimum Fleet Health, a revolutionary AI (artificial intelligence) predictive and prescriptive vehicle maintenance software.

We seek Safe Harbor.