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Jemtec Inc
Symbol JTC
Shares Issued 2,794,679
Close 2026-03-30 C$ 1.18
Market Cap C$ 3,297,721
Recent Sedar+ Documents

Jemtec earns $36,237 in Q2

2026-03-30 17:58 ET - News Release

Subject: Please post today Word Document

File: '\\swfile\EmailIn\20260330 143701 Attachment JEMTEC 2026 Q2 News Release.docx'

JEMTEC INC.TSX-V:

JTC

Source: JEMTEC Inc.

FOR IMMEDIATE RELEASE

JEMTEC 2026 Q2 CORPORATE AND FINANCIAL UPDATE

March 30, 2026, Vancouver - JEMTEC Inc. (TSX-V: JTC) (the "Company") is pleased to provide an update on its performance for the fiscal Quarter ended Jan. 31, 2026 (2026 Q2) and the Companies situation, showing a quarterly profit, no debt, strong liquidity and net worth. The Company has also updated its Board structure to ensure two thirds of the Audit Committee are independent Board members.

Q2 Revenues

Revenues have increased by 1% during the quarter ended January 31, 2026 compared to the quarter ended January 31, 2025 primarily due to the expansion with the province of Saskatchewan. The Company earned revenues on its agreements with Saskatchewan, CSC, interest on cash balances and from private bail clients waiting release from court dates.

Q2 Direct costs

During the quarter ended January 31, 2026, direct costs increased by 9% compared to the quarter ended January 31, 2025 primarily due to the fluctuations in monitoring and activation fees, shipping and Travel.

Q2 Expenses

During the quarter ended January 31, 2026, expenses decreased by 8% compared to the quarter ended January 31, 2025 primarily due to the fluctuations in accounting and administrative, salaries and benefits and share-based payments.

Q2 Income Tax

For the quarter ended January 31, 2026, the Company recognized a current income tax expense of $15,600 (January 31, 2025 - $16,000) and a deferred income tax expense (recovery) of $(1,000) (January 31, 2025 - $Nil). The current income tax expense was related to income tax in Canada.

Q2 Net Income

For the quarter ended January 31, 2026, the Company recorded a net income of $36,237, compared to a net income of $42,299 during the quarter ended January 31, 2025. This decrease in net income is primarily associated with the increase in direct costs of the Saskatchewan contract and the decrease in certain expenses related to the loss of contracts.

Q2 Liquidity

At January 31, 2026, the Company had cash and cash equivalents of $2,613,808 and working capital of $2,562,955. All cash and cash equivalents are on deposit with a Schedule I bank in Canada in current or interest accruing accounts.

Eric Caton, President and CEO said, "We are pleased to record a profit and continue the process of reducing expenses and reorganizing our business model with a greater awareness on profitable contracts, we expect the results should show positive returns going forward 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.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward - looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward- looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

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For further information contact: Eric Caton, President Phone (877) 929-4559 Fax (877) 929-4198

www.jemtec.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

© 2026 Canjex Publishing Ltd. All rights reserved.