File: Attachment 20260529 - BIGG Q1 2026 Financial Results.pdf

BIGG Digital Assets Inc. Reports Q1 2026 Assets Inc. Financial Results

May 29, 2026

NEWS RELEASE

TSXV: BIGG

VANCOUVER BIGG Digital Assets Inc. ("BIGG" or the "Company") (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, reports its unaudited interim financial results for the three months ended March 31, 2026. All figures are in Canadian Dollars (CAD) unless otherwise noted.

Q1 2026 Financial Highlights:

dot Revenue of $2.0M, a decrease of 51% year-over-year (2025 $4.1M), driven primarily by a sharp contraction in Netcoins' digital currency trading activity as cryptocurrency markets entered a sustained downturn. Bitcoin declined 22.6% during the quarter, falling below US$64,000 for the first time since September 2024, while Ethereum fell approximately 35%.

dot Net loss of $3.5M (2025 $3.6M), relatively flat with the prior year despite the 51% revenue decline, reflecting the Company's continued cost discipline. General and administrative expenses decreased approximately 30% year-over-year to $4.0M (2025 $5.6M), with wages falling 23%, R&D falling 84%, and advertising falling 38%.

dot Customer Assets Under Custody (AUC) were approximately $125.2M at March 31, 2026 (December 31, 2025 $168.2M; March 31, 2025 $169.2M), comprised primarily of digital currencies held in fully segregated accounts. The ~$43M decline from year-end (26%) reflects broad-based cryptocurrency price depreciation during Q1 2026 rather than a reduction in customer holdings or platform activity.

dot Cash and cash equivalents of $5.8M (December 31, 2025 $6.2M), including $5.1M held in short-term GICs. No debt or borrowings outstanding as at March 31, 2026 or as at the date of this release.

dot Total cash and cryptocurrency holdings of approximately $11.0M (December 31, 2025 $15.3M), comprising cash and cash equivalents of $5.8M and digital currency investments of $10,347. The decline from year-end reflects the strategic monetization of 6.97 Bitcoin exchanged for cash proceeds of $731,603 during the quarter, combined with lower cryptocurrency prices on the remaining nominal balance.

dot Free working capital of approximately $3.7M (December 31, 2025 $4.0M). Segment Results:

Netcoins -- Crypto Trading Platform

dot Netcoins revenues were $1,564,818 (2025 $3,380,577), including $10,793 (2025 $12,726) in staking fees. Transactional revenues declined 54% year-over-year as cryptocurrency markets transitioned into a sustained downturn bearish momentum from late 2025 collided with global geopolitical instability and a hawkish shift in U.S. monetary policy expectations, resulting in materially lower digital asset prices, reduced retail trading volumes, and compressed fee rates. Staking revenue was broadly stable year-over-year as customer participation in staking services was maintained despite the weaker market backdrop.

dot Fee rate of 0.72% (Q1 2025 1.01%; Q4 2025 0.90%). Reduced investor sentiment drove a significant contraction in retail trading volumes. There was a pronounced shift in mix toward higher-volume institutional and corporate activity transacted at tighter spreads, alongside lower retail market activity and a more competitive pricing environment. Institutional and corporate trade value represented approximately 72% of gross trade volume (Q1 2025 45%) at a fee rate of 0.89% (Q1 2025 0.62%), while retail customer trade value was 28% (Q1 2025 55%) at a fee rate of 0.30% (Q1 2025 1.32%). The blended fee rate varies with client mix, crypto-asset price volatility and the timing of large institutional orders.

dot Customer Assets Under Custody (AUC) were approximately $125.2M at March 31, 2026 (December 31, 2025 $168.2M), comprising cash of $10M (December 31, 2025 - $10.9M) and digital assets of $115.2M (December 31, 2025 - $157.3M). The decline reflects cryptocurrency price depreciation during Q1 2026 rather than a reduction in customer holdings.

dot CIRO application was submitted on May 28, 2026. Netcoins operates under a two-year exemptive relief extension from the BCSC through September 2027 and is actively advancing to full investment dealer status.

Blockchain Intelligence Group -- Blockchain Analytics & Forensics

dot BIG revenues were $442,768 (2025 $588,565), down 25% year-over-year, comprising $372,340 (2025 $481,035) in subscription and product sales and $70,428 (2025 $107,530) in services revenue. The decline reflects softer subscription renewal activity and reduced services engagements versus a stronger prior year period.

dot Gross margin improved to 89% (2025 87%), reflecting the largely fixed-cost nature of BIG's software delivery model and continued discipline in managing direct costs.

dot R&D of $117,264 (2025 $257,205) was focused on sustaining core platform functionality across BIG's suite: BitRank Verifiedtrademark, QLUE, NFT Explorer, Address Watch, and Entity Explorer. TerraZero -- Immersive Metaverse Experiences dot TerraZero revenues of $nil (2025 $118,768), as the Company continues to evaluate strategic alternatives for the Intraverse platform, including potential partnerships, IP monetization, and other alternatives.

dot R&D declined to $88,161 (2025 $1,010,599), reflecting the significant scaling back of TerraZero development activities.

Fraser Matthews, CEO, commented, "Q1 2026 was a genuinely tough quarter for Canadian crypto. Bitcoin fell over 22%, Ethereum dropped 35%, and retail trading volumes contracted sharply the combination of a macro-driven crypto winter and a more demanding regulatory environment compressed both our top line and our fee rate at Netcoins to degrees we haven't seen since the 2023 bear market.

Despite revenues declining 51%, our net loss held broadly flat at $3.5M versus $3.6M in Q1 2025. That result reflects meaningful work on the cost side we reduced G&A by 30%, wages by 23%, and R&D by 84% while maintaining our core capabilities at Netcoins and BIG. Managing through market cycles without sacrificing the platform or the team is a discipline we take seriously.

Netcoins is SOC 2 Type 2 certified, operating under a two-year regulatory extension from the BCSC, and just submitted our CIRO investment dealer application on May 28, 2026. The CIRO application is a material milestone the next formal step in Netcoins' regulatory evolution. We believe that being a compliant, registered platform will be a meaningful competitive advantage as the Canadian crypto regulatory framework matures.

BIG delivered an 89% gross margin on $443K in revenues in Q1. The revenue decline reflects softer subscription renewal activity, but the business model remains sound high-margin, recurring, and operating in a segment (blockchain forensics and AML compliance) that continues to grow globally as regulators tighten oversight of crypto activity.

On TerraZero: the restructuring is underway, R&D spend has been reduced from $1.0M in Q1 2025 to $88K in Q1 2026, and we are working toward a strategic path forward in 2026.

Looking ahead: Bitcoin has recovered from its Q1 lows. Our core business and regulatory foundation is strong, and we are managing capital carefully. The crypto market cycle is not over, and BIGG is built to be here for it."

Selected financial and operating information should be read in conjunction with BIGG's unaudited condensed consolidated interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2026, available on SEDAR+ at www.sedarplus.ca. All financial information in this press release is prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.

On Behalf of the Board

Fraser Matthews President and CEO ir@biggdigitalassets.com 778.819.3890

About BIGG Digital Assets Inc.

BIGG Digital Assets Inc. (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W) owns, operates, and invests in crypto businesses that support a compliant and safe digital asset ecosystem. BIGG's portfolio includes:

Netcoins A regulated Canadian and American crypto trading platform. Blockchain Intelligence Group Blockchain analytics and forensics solutions. TerraZero Technologies Immersive Media, Metaverse and Web3 development.

BIGG believes the future of crypto is secure, compliant, and trusted. Learn more at www.biggdigitalassets.com.

Netcoins is a crypto trading platform providing secure, regulated access to a growing range of digital assets. With a commitment to transparency and compliance, Netcoins serves both retail and institutional investors, offering a trusted way to buy, sell, stake and custody crypto in Canada. Learn more at www.netcoins.com.

Blockchain Intelligence Group provides digital asset forensics and blockchain analytics solutions supporting AML, investigations, and risk management for cryptocurrency activity. For more information, please visit www.blockchaingroup.io.

TerraZero is an immersive media and Web3 development company focused on creating next- generation virtual experiences for brands. Through its Intraverse platform, TerraZero offers immersive experience creation, advertising, data analytics, and digital events. For more information, please visit https://terrazero.com or contact hello@terrazero.com.

For more information and to register for BIGG's mailing list, please visit our website at www.biggdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.

Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG's past financial performance may not be a reliable indicator of future performance.

Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, within the meaning of Canadian securities legislation. Forward-looking statements include, without limitation, statements regarding: expected business developments; regulatory milestones and outcomes (including Netcoins' CIRO investment dealer application and dealer membership); the development and commercialization of BIG and Netcoins products; TerraZero's strategic review and expected path forward; expected user growth, trading volumes and fee rates; cryptocurrency market trends; and the Company's ability to fund operations and continue as a going concern. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the volatility of cryptocurrency prices and trading volumes, the competitive environment for Canadian crypto trading platforms, Netcoins complying with the terms and conditions in the investment dealer registration decision document and the undertaking, including each of the milestones contemplated in the undertaking and completing the process of becoming a CIRO dealer member; CIRO formally accepting Netcoins' CIRO membership application; Netcoins' ability to obtain and CIRO membership, the ability to manage operating expenses, the ability to attract and retain qualified personnel, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that it will prove to be correct. The securities of BIGG are considered highly speculative due to the nature of BIGG's business. For further information concerning these and other risks and uncertainties, refer to the Company's website and filings on www.sedarplus.ca. In addition, BIGG's past performance may not be a reliable indicator of future performance.

Important factors that could cause actual results to differ materially from BIGG's expectations include consumer sentiment towards BIGG's products and cryptocurrency technology generally, technology failures, the lack of demand for the company's products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers' needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce intellectual property rights; the ability to manage working capital; and other factors referenced in the Company's SEDAR+ filings.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

File: '\\swfile\EmailIn\20260529 184724 Attachment 20260529 - BIGG Q1 2026 Financial Results.docx'

BIGG Digital Assets Inc. Reports Q1 2026 Assets Inc. Financial Results

May 29, 2026

NEWS RELEASE

TSXV: BIGG

VANCOUVER - BIGG Digital Assets Inc. ("BIGG" or the "Company") (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, reports its unaudited interim financial results for the three months ended March 31, 2026. All figures are in Canadian Dollars (CAD) unless otherwise noted.

Q1 2026 Financial Highlights:

Revenue of $2.0M, a decrease of 51% year-over-year (2025 - $4.1M), driven primarily by a sharp contraction in Netcoins' digital currency trading activity as cryptocurrency markets entered a sustained downturn. Bitcoin declined 22.6% during the quarter, falling below US$64,000 for the first time since September 2024, while Ethereum fell approximately 35%.

Net loss of $3.5M (2025 - $3.6M), relatively flat with the prior year despite the 51% revenue decline, reflecting the Company's continued cost discipline. General and administrative expenses decreased approximately 30% year-over-year to $4.0M (2025 - $5.6M), with wages falling 23%, R&D falling 84%, and advertising falling 38%.

Customer Assets Under Custody (AUC) were approximately $125.2M at March 31, 2026 (December 31, 2025 - $168.2M; March 31, 2025 - $169.2M), comprised primarily of digital currencies held in fully segregated accounts. The ~$43M decline from year-end (26%) reflects broad-based cryptocurrency price depreciation during Q1 2026 rather than a reduction in customer holdings or platform activity.

Cash and cash equivalents of $5.8M (December 31, 2025 - $6.2M), including $5.1M held in short-term GICs. No debt or borrowings outstanding as at March 31, 2026 or as at the date of this release.

Total cash and cryptocurrency holdings of approximately $11.0M (December 31, 2025 - $15.3M), comprising cash and cash equivalents of $5.8M and digital currency investments of $10,347. The decline from year-end reflects the strategic monetization of 6.97 Bitcoin exchanged for cash proceeds of $731,603 during the quarter, combined with lower cryptocurrency prices on the remaining nominal balance.

Free working capital of approximately $3.7M (December 31, 2025 - $4.0M).

Segment Results:

Netcoins - Crypto Trading Platform

Netcoins revenues were $1,564,818 (2025 - $3,380,577), including $10,793 (2025 - $12,726) in staking fees. Transactional revenues declined 54% year-over-year as cryptocurrency markets transitioned into a sustained downturn - bearish momentum from late 2025 collided with global geopolitical instability and a hawkish shift in U.S. monetary policy expectations, resulting in materially lower digital asset prices, reduced retail trading volumes, and compressed fee rates. Staking revenue was broadly stable year-over-year as customer participation in staking services was maintained despite the weaker market backdrop.

Fee rate of 0.72% (Q1 2025 - 1.01%; Q4 2025 - 0.90%). Reduced investor sentiment drove a significant contraction in retail trading volumes. There was a pronounced shift in mix toward higher-volume institutional and corporate activity transacted at tighter spreads, alongside lower retail market activity and a more competitive pricing environment. Institutional and corporate trade value represented approximately 72% of gross trade volume (Q1 2025 - 45%) at a fee rate of 0.89% (Q1 2025 - 0.62%), while retail customer trade value was 28% (Q1 2025 - 55%) at a fee rate of 0.30% (Q1 2025 - 1.32%). The blended fee rate varies with client mix, crypto-asset price volatility and the timing of large institutional orders.

Customer Assets Under Custody (AUC) were approximately $125.2M at March 31, 2026 (December 31, 2025 - $168.2M), comprising cash of $10M (December 31, 2025 - $10.9M) and digital assets of $115.2M (December 31, 2025 - $157.3M). The decline reflects cryptocurrency price depreciation during Q1 2026 rather than a reduction in customer holdings.

CIRO application was submitted on May 28, 2026. Netcoins operates under a two-year exemptive relief extension from the BCSC through September 2027 and is actively advancing to full investment dealer status.

Blockchain Intelligence Group - Blockchain Analytics & Forensics

BIG revenues were $442,768 (2025 - $588,565), down 25% year-over-year, comprising $372,340 (2025 - $481,035) in subscription and product sales and $70,428 (2025 - $107,530) in services revenue. The decline reflects softer subscription renewal activity and reduced services engagements versus a stronger prior year period.

Gross margin improved to 89% (2025 - 87%), reflecting the largely fixed-cost nature of BIG's software delivery model and continued discipline in managing direct costs.

R&D of $117,264 (2025 - $257,205) was focused on sustaining core platform functionality across BIG's suite: BitRank Verified(TM), QLUE, NFT Explorer, Address Watch, and Entity Explorer.

TerraZero - Immersive Metaverse Experiences

TerraZero revenues of $nil (2025 - $118,768), as the Company continues to evaluate strategic alternatives for the Intraverse platform, including potential partnerships, IP monetization, and other alternatives.

R&D declined to $88,161 (2025 - $1,010,599), reflecting the significant scaling back of TerraZero development activities.

Fraser Matthews, CEO, commented, "Q1 2026 was a genuinely tough quarter for Canadian crypto. Bitcoin fell over 22%, Ethereum dropped 35%, and retail trading volumes contracted sharply - the combination of a macro-driven crypto winter and a more demanding regulatory environment compressed both our top line and our fee rate at Netcoins to degrees we haven't seen since the 2023 bear market.

Despite revenues declining 51%, our net loss held broadly flat at $3.5M versus $3.6M in Q1 2025. That result reflects meaningful work on the cost side - we reduced G&A by 30%, wages by 23%, and R&D by 84% - while maintaining our core capabilities at Netcoins and BIG. Managing through market cycles without sacrificing the platform or the team is a discipline we take seriously.

Netcoins is SOC 2 Type 2 certified, operating under a two-year regulatory extension from the BCSC, and just submitted our CIRO investment dealer application on May 28, 2026. The CIRO application is a material milestone - the next formal step in Netcoins' regulatory evolution. We believe that being a compliant, registered platform will be a meaningful competitive advantage as the Canadian crypto regulatory framework matures.

BIG delivered an 89% gross margin on $443K in revenues in Q1. The revenue decline reflects softer subscription renewal activity, but the business model remains sound - high-margin, recurring, and operating in a segment (blockchain forensics and AML compliance) that continues to grow globally as regulators tighten oversight of crypto activity.

On TerraZero: the restructuring is underway, R&D spend has been reduced from $1.0M in Q1 2025 to $88K in Q1 2026, and we are working toward a strategic path forward in 2026.

Looking ahead: Bitcoin has recovered from its Q1 lows. Our core business and regulatory foundation is strong, and we are managing capital carefully. The crypto market cycle is not over, and BIGG is built to be here for it."

Selected financial and operating information should be read in conjunction with BIGG's unaudited condensed consolidated interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2026, available on SEDAR+ at www.sedarplus.ca. All financial information in this press release is prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.

On Behalf of the Board

Fraser Matthews

President and CEO

ir@biggdigitalassets.com

778.819.3890

About BIGG Digital Assets Inc.

BIGG Digital Assets Inc. (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W) owns, operates, and invests in crypto businesses that support a compliant and safe digital asset ecosystem. BIGG's portfolio includes:

Netcoins - A regulated Canadian and American crypto trading platform.

Blockchain Intelligence Group - Blockchain analytics and forensics solutions.

TerraZero Technologies - Immersive Media, Metaverse and Web3 development.

BIGG believes the future of crypto is secure, compliant, and trusted.

Learn more at www.biggdigitalassets.com.

Netcoins is a crypto trading platform providing secure, regulated access to a growing range of digital assets. With a commitment to transparency and compliance, Netcoins serves both retail and institutional investors, offering a trusted way to buy, sell, stake and custody crypto in Canada. Learn more at www.netcoins.com.

Blockchain Intelligence Group provides digital asset forensics and blockchain analytics solutions supporting AML, investigations, and risk management for cryptocurrency activity. For more information, please visit www.blockchaingroup.io.

TerraZero is an immersive media and Web3 development company focused on creating next-generation virtual experiences for brands. Through its Intraverse platform, TerraZero offers immersive experience creation, advertising, data analytics, and digital events. For more information, please visit https://terrazero.com or contact hello@terrazero.com.

For more information and to register for BIGG's mailing list, please visit our website at www.biggdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.

Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG's past financial performance may not be a reliable indicator of future performance.

Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, within the meaning of Canadian securities legislation. Forward-looking statements include, without limitation, statements regarding: expected business developments; regulatory milestones and outcomes (including Netcoins' CIRO investment dealer application and dealer membership); the development and commercialization of BIG and Netcoins products; TerraZero's strategic review and expected path forward; expected user growth, trading volumes and fee rates; cryptocurrency market trends; and the Company's ability to fund operations and continue as a going concern.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the volatility of cryptocurrency prices and trading volumes, the competitive environment for Canadian crypto trading platforms, Netcoins complying with the terms and conditions in the investment dealer registration decision document and the undertaking, including each of the milestones contemplated in the undertaking and completing the process of becoming a CIRO dealer member; CIRO formally accepting Netcoins' CIRO membership application; Netcoins' ability to obtain and CIRO membership, the ability to manage operating expenses, the ability to attract and retain qualified personnel, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that it will prove to be correct. The securities of BIGG are considered highly speculative due to the nature of BIGG's business. For further information concerning these and other risks and uncertainties, refer to the Company's website and filings on www.sedarplus.ca. In addition, BIGG's past performance may not be a reliable indicator of future performance.

Important factors that could cause actual results to differ materially from BIGG's expectations include consumer sentiment towards BIGG's products and cryptocurrency technology generally, technology failures, the lack of demand for the company's products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers' needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce intellectual property rights; the ability to manage working capital; and other factors referenced in the Company's SEDAR+ filings.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.