Mr. Doug Childress reports

TURNIUM TECHNOLOGY GROUP INC. REPORTS FISCAL 2025 AUDITED FINANCIAL RESULTS

Turnium Technology Group Inc. has released its financial results for the 2025 fiscal year.

Doug Childress, chief executive officer of Turnium, stated: "For the year ended Sept. 30, 2025, the company generated total revenue of $8.79-million, representing an increase of 58.2-per-cent year-over-year. Excluding discontinued operations, revenue from continuing operations was $6.72-million (plus 90.1 per cent year over year), reflecting the company's ongoing core performance. The year-over-year change in total revenue was primarily driven by modest growth in TNSI and the inclusion of a full year of Claratti results. We continue to move forward in transforming Turnium from a product-based business to a solutions-driven company. Our mission of driving sales, expanding our global network and actively pursuing accretive M&A opportunities are helping us reach our stated goal of achieving $100-million in revenue and $20-million in EBITDA by 2027."

Update on the proposed Insentra acquisition

As previously announced on Dec. 29, 2025, the parties have signed an amendment to the previously announced non-binding letter of intent dated Nov. 9, 2025 (the LOI), with Insentra Management Services Pty. Ltd. on behalf of Insentra Holdings Pty. Ltd., with respect to a potential transaction to acquire substantially all the assets of Insentra Holdings and certain affiliated entities in the United States and the United Kingdom, to extend the term period for entering into the definitive asset purchase agreement through to Jan. 31, 2026.

For further details on the LOI and the Insentra acquisition, please refer to the company's press release dated Nov. 10, 2025, a copy of which is available under the company's SEDAR+ profile. Further updates and particulars of the Insentra acquisition will be provided upon the parties entering into the definitive asset purchase agreement in connection with the Insentra acquisition.

There can be no assurance that the Insentra acquisition will be completed on the terms proposed or at all. The completion of the Insentra acquisition remains subject to satisfactory completion of due diligence by all parties, negotiation of a definitive asset purchase agreement, and regulatory and other approvals, including the approval of the TSX Venture Exchange.

Assets held for sale and discontinued operations

As of the year-end, the company had an active plan to sell Tenacious Networks (TNET) assets. Thus, TNET is classified in these consolidated financial statements as held for sale and represents discontinued operations (Note 27).

Financial and operational results summary

The audited consolidated financial statements and management discussion and analysis (MD&A) for the year ended Sept. 30, 2025, are available on the company's SEDAR+ profile. All financial information is presented in Canadian dollars unless otherwise indicated.

Fiscal fourth quarter 2025 highlights (including discontinued operations):

• Revenue in the fourth quarter was $2.29-million (up 47.7 per cent), compared with $1.55-million recorded in the fourth quarter of 2024;
• Gross margin in the fourth quarter was $687,000 (down 25.8 per cent), compared with $926,000 in the fourth quarter of 2024;
• Total expenses in the fourth quarter were $1.68-million (down 16 per cent), compared with $2.00-million in the fourth quarter of 2024;
• Weighted average number of common shares outstanding (basic) at 2025 fiscal year-end was 170,187,417, compared with 184,757,145 currently.

Quarterly financial highlights (including discontinued operations):

The company's key financial results for the three months ended Sept. 30, 2025, are as shown in the attached table.

Subsequent events and other Q4 highlights:

• Jan. 5, 2026 -- Turnium announce the appointment of Aldo G. Gallone as vice-president of global strategy and partnerships.
• Dec. 29, 2025 -- Turnium extends exclusivity period of non-binding letter of intent with Insentra. The parties sign an amendment to the LOI to extend the term period for entering into the definitive asset purchase agreement through to Jan. 31, 2026.
• Dec. 22, 2025 -- Turnium announces offering of secured debentures and warrants and provides an update on the proposed Insentra acquisition.
• Dec. 18, 2025 -- Turnium announces a global commercialization partnership with Syntheia Corp. (Canadian Securities Exchange: SYAI), a leading provider of conversational AI solutions for inbound and outbound telephone call management.
• Dec. 9, 2025 -- Turnium announces extending of promissory notes totalling $1,073,000 through the issuance of new unsecured loan agreements, and receives conditional approval from the TSX Venture Exchange.
• Nov. 17, 2025 -- Turnium announces the successful deployment of its revolutionary Version 7.x RAC1 platform to 46 OEM (original equipment manufacturer) partner environments, representing 75 per cent of its partner ecosystem.
• Nov. 11, 2025 -- Turnium announces it has entered into a marketing agreement with Winning Media LLC.
• Nov. 10, 2025 -- Turnium announces it has entered into a non-binding letter of intent (LOI) with Insentra Management Services Pty. Ltd. on behalf of Insentra Holdings to acquire substantially all the assets of Insentra Holdings and certain affiliated entities in the United States and the United Kingdom (collectively, Insentra).
• Sept. 10, 2025 -- Turnium announces the official launch of Turnium Insight, a breakthrough solution that empowers partners and customers with unmatched visibility, control and security across their networks.
• Sept. 4, 2025 -- Turnium partners with Styx Intelligence announce global strategic partnership agreement. Turnium will offer Styx Intelligence through its global partner ecosystem, offering organizations unified digital risk protection, rapid threat visibility and immediate security action.
• Sept. 2, 2025 -- Turnium and 01 Quantum announce the signing of a global strategic alliance to deliver quantum-safe e-mail encryption solutions.
• Aug. 14, 2025 -- Turnium deploys 750-plus instances of Turnium Insight Worldwide. Turnium announces the immediate, full availability of Turnium Insight for all Turnium partners worldwide. Turnium Insight is a powerful network visibility and management platform, fully integrated into the Turnium suite of solutions, delivering unmatched control, intelligence, and operational efficiency to service providers and their customers.
• July 21, 2025 -- Turnium's Claratti secures its fourth order from Seafarer Connect. Turnium announces that its Claratti subsidiary has secured a fourth order from Seafarer Connect valued at $185,487 total contract value (TCV) over 24 months for 19 additional CrewMate Lite devices.
• July 2, 2025 -- Comms365 renews $1.16-million three-year partnership with Turnium Technology Group for advanced SD-WAN solutions. In addition to the partnership renewal, Comms365 to launch Turnium's Insight software, an innovative cloud-based analytics and intelligence solution, into the U.K. market.

Fiscal year 2025 financial results summary (from continuing operations)

Results for the fiscal years ended Sept. 30, 2025, and 2024 are as shown in the attached table.

About Turnium Technology Group Inc.

Turnium acquires companies that complement its technology-as-a-service (TaaS) strategy, integrates them to generate efficiencies and delivers their solutions through a global channel partner program to customers worldwide. Turnium's mission is to provide IT providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand.

In essence, Turnium is building a TaaS platform that incorporates all the services, platforms and capabilities that ISPs, MSPs, IT providers, VoIP/UCaaS, CCaaS or cloud providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.

Turnium delivers secure, cost-effective, uninterrupted and scalable global IT solutions to its channel partners and their end-customers -- because connectivity matters.

We seek Safe Harbor.