Mr. Jordan Gutierrez reports

WISHPOND REPORTS Q2-2026 FINANCIAL RESULTS

Wishpond Technologies Ltd. has filed its interim consolidated financial statements and management discussion and analysis for Q2 2026, representing the three and six months ended June 30, 2026. Copies of the interim financial statements and MD&A (management discussion and analysis) are available on the company's profile on SEDAR+.

Jordan Gutierrez, Wishpond's chief executive officer, commented: "The second quarter was a transition period for Wishpond. With the spinout of Salescloser Technologies Ltd. and the divestiture of Viral Loops Ltd. both completed in the first quarter, our work in Q2 was focused internally -- aligning the company's cost structure to the size of the business and focusing on the core marketing technology platform."

Adrian Lim, Wishpond's chief financial officer, commented: "Our priorities through the balance of 2026 are a leaner operating base, improved retention in the core platform and disciplined execution. Wishpond shareholders also continue to participate in Salescloser's progress through the company's approximately 62.87-per-cent interest in Salescloser."

Second quarter 2026 financial highlights:

• Wishpond achieved quarterly revenue of $2,350,470 during Q2 2026 (Q2 2025: $3,710,437). The decline primarily reflected the disposal of substantially all of the assets of the Viral Loops business on March 9, 2026, which removed a full quarter of Viral Loops' revenues from the company's revenue base, together with reduced contribution from lower-margin revenue streams and lower sales capacity following cost optimization initiatives.
• Wishpond achieved gross profit of $1,556,859 in Q2 2026 (Q2 2025: $2,527,282). The reduction in gross profit is primarily due to lower revenue in the quarter.
• Wishpond achieved a gross margin percentage of 66 per cent during Q2 2026 (Q2 2025: 68 per cent).
• During Q2 2026, Wishpond reported negative adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $1,569,306 (Q2 2025: negative $228,116). The quarter's net loss of $2,160,836 includes $202,129 of reverse takeover listing expenses and $138,168 of stock-based compensation expenses, together totalling $340,297. The substantial majority of the charges arising from the Salescloser qualifying transaction -- a $2,648,096 reverse takeover listing expense and $1,223,180 of stock-based compensation -- were recognized in Q1 2026 on closing of the transaction on March 26, 2026, and are reflected in the six-month figures below. Net loss for the quarter and the six-month period also reflects the derecognition of accounts payable balances of $179,819 that are no longer considered payable, recognized as a non-cash gain in other income. Of the Q2 2026 net loss, $1,490,661 is attributable to shareholders of Wishpond and $670,175 to the non-controlling interest in Salescloser. Wishpond's consolidated results include Salescloser, which remains in a growth and investment phase and contributed negative adjusted EBITDA of $1,421,113 in the quarter; excluding that contribution, Wishpond's core business generated negative adjusted EBITDA of $148,193.

Events subsequent to June 30, 2026:

• On July 27, 2026, the company received a notice of default from its senior lender in respect of a financial covenant under a forbearance agreement with the senior lender. The breach arose partially from the timing of the Viral Loops divestiture relative to the forecast against which such covenant was measured. The lender has not waived the default and has reserved its rights and, as at the date of hereof, has not demanded repayment or termination of the forbearance agreement. As disclosed in Note 1 to the interim financial statements, these events and conditions indicate a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

Outlook

For 2026, Wishpond is focused on strengthening its core marketing technology platform and sales solutions business, with an emphasis on its core Wishpond marketing suite, improving operating efficiency and enhancing financial flexibility. Following the completion of the Viral Loops divestiture and the Salescloser transaction subsequent to year-end, the company is focused on executing against its core business and aligning resources around the products, services and customer relationships that management believes are most central to Wishpond's long-term operating performance.

The company has taken steps in 2025 and 2026 to streamline operations and align its cost structure more closely with revenue levels, and management intends to continue those efforts through the second half of 2026. Wishpond remains focused on supporting the performance of its core platform and product suite, improving customer acquisition and retention, and continuing to develop AI-enabled (artificial intelligence) capabilities intended to enhance the effectiveness of its marketing and sales solutions.

Following the completion of the Salescloser transaction, Wishpond continues to maintain exposure to Salescloser through its 62.87-per-cent ownership interest as at June 30, 2026, while management remains focused on executing against the company's core marketing technology business. Mr. Gutierrez was appointed chief executive officer of Wishpond effective March 26, 2026, and the company enters the balance of 2026 with a more focused operating structure and clearer strategic priorities.

Management's key priorities for 2026 are as follows:

• Strengthen organic revenue performance;
• Improve margins and operating efficiency through disciplined cost management;
• Reduce churn and increase long-term customer value;
• Improve liquidity and financial flexibility.

Selected financial highlights

The tables below set out selected financial information relating to Wishpond and should be read in conjunction with the interim financial statements and MD&A, copies of which can be found under Wishpond's profile on SEDAR+.

About Wishpond Technologies Ltd.

Wishpond is a Vancouver-based provider of AI-enabled marketing and sales solutions that help businesses grow more efficiently. The company's vision is to create a fully autonomous AI-enabled platform that streamlines the entire customer acquisition journey, from lead generation and engagement to deal closure, enabling businesses to scale cost-effectively while driving higher conversions. Wishpond offers an all-in-one marketing suite that integrates AI-driven tools such as an AI Website Builder and AI Email Automation. The company serves small to medium-sized businesses across various industries, providing a powerful yet cost-effective alternative to fragmented marketing solutions. Wishpond employs a software-as-a-service (SaaS) business model, generating most of its revenue from subscription-based recurring revenue, which ensures strong revenue predictability and cash flow visibility, while continuously expanding its AI capabilities. Wishpond is listed on the TSX Venture Exchange under the ticker WISH and on the OTCQX Best Market under the ticker WPNDF.

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