Mr. Greg Feller reports

MOGO REPURCHASES 2% OF OUTSTANDING SHARES IN Q2 2025

Mogo Inc. repurchased approximately 2 per cent of its currently issued and outstanding shares during the second quarter of 2025 under its previously announced Nasdaq buyback program.

During the quarter, the company repurchased 523,091 common shares at an average price of approximately $1.44 (U.S.) per share. The shares were purchased for cancellation, reducing the total number of shares outstanding to approximately 24 million as of June 30, 2025.

"This repurchase activity reflects our continued commitment to disciplined capital allocation and long-term shareholder value," said Greg Feller, president and co-founder. "We view share buybacks as a strategic use of capital when we believe our stock is trading meaningfully below intrinsic value."

Bitcoin hurdle rate now guides capital deployment

In alignment with the company's recently announced bitcoin treasury strategy, all future capital allocation decisions, including share repurchases, will be evaluated against a bitcoin hurdle rate. Under this framework, capital will only be deployed into opportunities expected to outperform the long-term return profile of holding bitcoin.

"If we believe repurchasing our shares offers greater long-term value than holding bitcoin, we will act accordingly," added Mr. Feller. "If not, we will preserve capital or continue building our bitcoin reserve."

Remaining authorization

As of July 1, 2025, Mogo has approximately $7-million (U.S.) in remaining repurchase capacity under its share buyback program on Nasdaq. At the current market price, the remaining authorization of approximately $7-million (U.S.) represents the capacity to repurchase roughly 13 per cent of Mogo's outstanding common shares.

About Mogo Inc.

Mogo is a financial technology company committed to long-term value creation. It operates across wealth, lending and payments -- each designed to build durable capital, not momentary gain. Through a dual-compounding model that integrates scalable operating growth with a bitcoin reserve, Mogo serves a rare group: those who value discipline over distraction.

We seek Safe Harbor.