Mr. Christopher Way reports

CANAF REPORTS FINANCIAL RESULTS FOR Q3 2026

Canaf Investments Inc. has released its unaudited financial results for the nine months ended July 31, 2026, highlighted by a recovery in quarterly sales, continued growth in book value per share and a strong financial position.

Revenue for the nine months was $17.65-million (2025: $20.79-million), with net income attributable to shareholders of $1.25-million (2025: $1.82-million). Gross margin was 12.5 per cent (2025: 14.4 per cent), reflecting lower sales volumes and reduced margins at Southern Coal. Sales performance improved quarter on quarter during Q3 (third quarter), with revenue increasing to $6.03-million from $5.40-million in Q2 (second quarter). Management expects sales volumes to increase further during Q4 (fourth quarter) 2026. The results represent 12-month trailing earnings per share of 3.9 cents as at July 31, 2026.

As at July 31, 2026, shareholders' equity attributable to Canaf shareholders increased to $16.71-million (Oct. 31, 2025: $14.76-million), resulting in a record book value per share of 35.2 cents, an increase of approximately 13 per cent during the nine-month period and 40 per cent since Oct. 31, 2024. The corporation maintained a strong financial position, ending the period with cash balances of $10.46-million and working capital of $13.97-million.

Canaf Estate Holdings continued to report increased rental income, up 34 per cent compared with the corresponding period in 2025. Canaf Capital generated investment income of $244,796 during the nine months and continues to pursue new investment opportunities. Urbanhold commenced trading at both of its initial self-storage locations during Q3, with management focused on establishing operating performance before assessing further expansion opportunities.

For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR+ or the company's website.

About Canaf Investments Inc.

Canaf is a public company listed on the TSX Venture Exchange. Canaf's registered office is in Vancouver, Canada, with offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African company that owns 70 per cent of Southern Coal Pty. Ltd. and, following its acquisition on Aug. 31, 2026, 100 per cent of Carbon Reductant Solutions Pty. Ltd. (CRS), companies that produce high carbon, devolatized (calcined) anthracite or char. Canaf also owns 100 per cent of Canaf Investments Pty. Ltd., a South African holding company that owns 100 per cent of Canaf Estate Holdings Pty. Ltd., 100 per cent of Canaf Agri Pty. Ltd., 100 per cent of Canaf Capital Pty. Ltd, and 50 per cent of Urbanhold Pty. Ltd.