Mr. Rahim Bhaloo reports

PESORAMA REPORTS 2027 Q1 FINANCIAL RESULTS

Pesorama Inc. has released its financial results for the three months ended April 30, 2026 (Q1 (first quarter) fiscal 2027).

"As one of the true dollar store companies in Mexico, we delivered a strong start to fiscal 2027," said Rahim Bhaloo, founder, chief executive officer and chairman of the board of Pesorama. "Total sales grew 36 per cent to $7.5-million, driven by continued demand for our value offering and the contribution of new stores. During and subsequent to the quarter, we continued to expand our network across Mexico City, while deepening our presence in the state of Puebla. We remain focused on expanding our footprint, deepening brand loyalty and delivering long-term value for our shareholders in an underserved market with significant runway ahead."

Key highlights -- 2027 Q1 versus 2026 Q1:

• Total sales increased by 36 per cent to $7,510,250, compared with $5,533,533 in Q1 fiscal 2026, driven by the contribution of new JOi Dollar Plus stores and continued organic growth;
• Gross profit increased by 21 per cent from $2,085,925 to $2,527,806, reflecting continued sales growth and improvement in product sourcing;
• Average traffic increased by 19 per cent as a result of increased demand and increased product assortment;
• The company opened four new JOi Dollar Plus stores during the quarter, continuing its expansion across Mexico City and the state of Mexico;
• Closed an oversubscribed non-brokered private placement for aggregate gross proceeds of $10,048,501.

Key achievements fiscal year 2027:

• On Feb. 21, 2026, the company opened store No. 32, a 5,823-square-foot location in the Azcapotzalco neighbourhood of Mexico City, approximately 10 kilometres from Mexico City's historic centre.
• On Feb. 28, 2026, the company opened store No. 33, a 4,898-square-foot location inside the Luna Parc shopping centre in Cuautitlan Izcalli, state of Mexico.
• In March, 2026, the company opened store No. 34, a 7,987-square-foot location in Puebla's historic centre, the company's second store in the state of Puebla.
• On March 31, 2026, the company opened store No. 35, a 3,638-square-foot location at Parque Tepeyac, a high-density residential and commercial area northeast of Mexico City.
• On April 23, 2026, the company closed an oversubscribed non-brokered private placement, issuing 28,710,003 units at 35 cents per unit for aggregate gross proceeds of $10,048,501.
• Subsequent to the quarter-end, on June 18, 2026, the company closed an upsized offering of 21,000 senior unsecured convertible debentures for aggregate gross proceeds of $21-million, the net proceeds of which were used to repay outstanding senior debt.
• Subsequent to the quarter-end, the company opened store No. 36 (Ojo de Agua, Tecamac, state of Mexico) and store No. 37 (San Esteban, Naucalpan). The company also announced the opening of additional stores, including store No. 38 (Xochimilco), store No. 39 (Valle de Bravo) and store No. 40 (ETRAM Azteca).

This earnings news release should be read in conjunction with the company's condensed consolidated interim financial statements for the three months ended April 30, 2026, which can be found on Pesorama's issuer profile on SEDAR+.

About Pesorama Inc.

Pesorama, operating under the JOi Dollar Plus Stores brand, is a Mexican value dollar store retailer. Pesorama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. Pesorama's 37 stores, with anticipated store openings by beginning of July expected to bring the total to 40, offer consistent merchandise offerings that include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

We seek Safe Harbor.