Mr. Craig O'Neill reports

SYLOGIST ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS

Sylogist Ltd. has released its financial results for the three and 12 months ended Dec. 31, 2025.

• SaaS (software-as-a-service) ARR (annual recurring revenue) up 9 per cent Y/Y (year over year) to $33.8-million;
• Total ARR up 2 per cent Y/Y to $45.7-million;
• SaaS ARR bookings up 8.1 per cent Y/Y to $500,000;
• Gross profit margin of 56 per cent;
• Recurring revenue at 81 per cent of total revenue;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin of 7.2 per cent or $1.0-million;
• Net loss of $900,000.

• SaaS NRR of 101 per cent;
• SaaS ARR bookings up 2 per cent Y/Y to $4.3-million;
• Gross profit margin of 58 per cent;
• Recurring revenue at 72 per cent of total revenue;
• Project services revenue decreased markedly as the company transitioned project work to partners;
• Adjusted EBITDA margin of 14.6 per cent or $9.1-million;
• Net loss of $4.7-million.

"Sylogist has a committed and talented team, a portfolio of mission-critical software solutions that are highly effective at addressing the needs of our customers, and we've built a strong reputation in our target markets," said Craig O'Neill, interim chief executive officer of Sylogist. "Adjusting for the reduction in project services revenue driven by our transition to partner-led projects, our Q4 and FY 2025 results, and particularly our SaaS subscription revenue growth, are showing early signs of the progress the company has made in its transformation to a SaaS business. We are well on the way to completing a strategic review that will ensure this transformation delivers enhanced recurring revenue growth and profitability in the coming quarters."

Recent changes to Sylogist's board underscore the company's commitment to strong governance and strategic leadership. In February, 2026, Errol Olsen was appointed as board chair, bringing more than 25 years of finance leadership at high-growth software companies. In March, 2026, the board welcomed Andrew Shen as an independent director, adding deep capital markets and growth equity experience. Together, these appointments further position Sylogist to respond to evolving market needs and pursue new opportunities. Additionally, the board has been actively engaged in the search for a permanent chief executive officer.

The company will host a conference call at 8:30 a.m. Eastern Time on March 19, 2026, to review its three-and-12-month financial results and business performance.

Conference call details

Date:  Thursday, March 19, 2026

Time:  8:30 a.m. ET

Participant toll-free dial-in number:  1-833-752-3805

Participant international dial-in number:  1-647-846-8841

This conference call will be recorded and available for replay on the company's website.

About Sylogist Ltd.

Sylogist provides mission-critical SaaS (software-as-a-service) solutions to public sector customers across the government, non-profit and education market segments. The company's stock is traded on the Toronto Stock Exchange under the symbol SYZ.

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