Mr. Owen Moore reports

BEWHERE HOLDINGS INC. REPORTS THIRD QUARTER 2025 FISCAL RESULTS

Bewhere Holdings Inc. has released its financial results for three months ended Sept. 30, 2025.

Owen Moore, chief executive officer and co-founder, stated: "This quarter showcases the strength of our execution, the torque in our business model, and an unrelenting drive to disrupt the asset tracking and inventory management markets with innovative products and solutions at unprecedented price points. We achieved record product sales and continued to increase annual recurring revenue (ARR), culminating in record quarterly revenue of $6.1-million."

Chris Panczuk, chief operating officer and co-founder, stated, "In addition to record top-line performance, our team delivered record quarterly adjusted EBITDA of $800,000 and a significant improvement in gross profit, increasing 42 per cent year over year, aided by revised supply chain initiatives."

Third quarter 2025 highlights

• Record quarterly revenue increased by 21 per cent year over year -- Total revenue for the three months ended Sept. 30, 2025, was $6,080,984 compared with $5,030,356 for the same period in 2024: an increase of $1,050,628. This is a record quarter for the company driven by the highest quarter in product revenues in the company's history aided by a favourable device sales mix and the second highest unit volume shipment.
• Recurring revenue increased by 20 per cent year over year while ARR increased by 21 per cent -- recurring revenue for the three months ended Sept. 30, 2025, was $2,057,047 compared with $1,717,274 for the same period in 2024: an increase of $339,773. Similarly, ARR stands at approximately $8.6-million ending Sept. 30, 2025, versus $7.1-million for the same period in 2024, an increase of 21 per cent year over year.
• Gross profit increased by 42 per cent year over year -- Gross profit for the three months ended Sept. 30, 2025, was $2,023,442 compared with $1,422,142 for the same period in 2024: an improvement of $601,300. The company was able to improve its gross profits versus Q2 as it began to implement its revised supply chain program.
• Record adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 21 per cent year over year -- Record adjusted EBITDA for the three months ended Sept. 30, 2025, was $802,880 compared with $665,450 for the same period in 2024: an increase of $137,430.
• Net income increased by 38 per cent year over year -- Net income for the three months ended Sept. 30, 2025, was $462,662 compared with $334,590 for the same period in 2024: an improvement of $128,072.

About Bewhere Holdings Inc.

Bewhere specializes in low-power 5G IoT (Internet of Things) wide-area tracking technology, creating remote monitoring solutions that address cost, power and environmental challenges. Over the last six years, the company has experienced rapid growth, collaborating with Fortune 500 companies, top resellers and installers to deploy hundreds of thousands of trackers across numerous sectors, including transportation, construction, logistics, utilities, health and government.

Bewhere's tracking solutions are designed to be both cost-effective and simple to implement, significantly expanding the scope of assets that can be connected. These connected devices generate data that powers intelligent AI management platforms. By increasing the number of connected devices, Bewhere enhances the capabilities and growth potential of AI solutions.

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