Mr. Doug Childress reports

TTGI ANNOUNCES PRELIMINARY, RECORD FISCAL Q3 2026 FINANCIAL RESULTS

Turnium Technology Group Inc. has released selected preliminary, unaudited financial results for its fiscal third quarter ended June 30, 2026. The company expects to report record fiscal third quarter revenue in the mid-range of the financial guidance previously provided on May 14, 2026.

Highlights:

• Q3 revenue of $7.2-million to $7.4-million versus previous guidance of $7.0-million to $7.5-million and analyst estimate of $7.3-million;
• Q3 gross margin of $2.4-million to $2.6-million versus previous guidance of $2.4-million to $3.4-million and analyst estimate of $2.6-million;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of ($1.2)-million to ($1.4)-million versus analyst estimate of ($1.9)-million
• Guidance for Q4 fiscal 2026, ending Sept. 30, 2026: the company expects revenue of $8.0-million to $8.5-million; vs. analyst estimate of $8.1-million; and gross margin in the 33- to 38-per-cent range.

The company will report its final fiscal Q3 results on or about Aug. 28, 2026. All financial information is provided in Canadian dollars unless otherwise indicated.

Preliminary fiscal Q3 2026 financial highlights

• Revenue: expected to be in the range of $7.2-million to $7.4-million, representing an organic increase of 13.4 per cent at the midpoint compared with the previous quarter;
• Gross margin: expected to be in the range of $2.4-million to $2.6-million, representing an increase of 15.5 per cent at the midpoint compared with the previous quarter;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization): anticipated to be between ($1.2)-million and ($1.4)-million, versus analyst estimate of ($1.9)-million and ($2.2)-million in the previous quarter. The improvement was driven by continuing back-office cost savings and strong demand in managed services, software, and hardware sales.

Doug Childress, Turnium chief executive officer, stated: "We delivered record third-quarter revenue, with strengthening demand across managed services, software and hardware, and we narrowed our adjusted EBITDA loss meaningfully versus both the prior quarter and analyst expectations. We have also launched a group-wide cost optimization program targeting annualized operating expense reductions of approximately $3.6-million to $4.1-million (once fully implemented), which are intended to accelerate our path toward profitability."

Fiscal Q4 2026 guidance

For Q4 fiscal 2026, ending Sept. 30, 2026, the company expects revenue of $8.0-million to $8.5-million and gross margin of 33 to 38 per cent.

These outlook figures are based on management's current expectations and assumptions, and are subject to a number of risks and uncertainties, including integration of recent acquisitions, customer demand, execution by channel partners and general economic conditions.

About Turnium Technology Group Inc.

Turnium acquires companies that complement its technology-as-a-service (TaaS) strategy, integrates them to generate efficiencies and delivers their solutions through a global partner-led program to customers worldwide. Turnium's mission is to provide IT providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand.

Turnium is focused on building a TaaS platform that incorporates all the services, platforms and capabilities that ISPs, MSPs, IT providers, VoIP/UCaaS, CCaaS, or cloud providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.

We seek Safe Harbor.