Dr. Leslie Klein reports

C-COM REPORTS FISCAL YEAR 2025 RESULTS

C-Com Satellite Systems Inc. has released its financial results for its fiscal year ended Nov. 30, 2025.

The company reported revenues of $5,783,028 for fiscal 2025, compared with $7,886,850 in 2024, down 26 per cent, reflecting continuing shifts in the global satellite communications market.

C-Com recorded a net loss of $407,550 for the year, compared with a net loss of $211,475 in 2024, primarily attributable to lower sales volumes.

Despite softer revenues, the company delivered improved gross margins of 49 per cent in 2025, up from 47 per cent in 2024, underscoring continued success in cost optimization and operational efficiency initiatives. Total expenses were reduced by approximately $900,000 during the year, further strengthening the company's financial position.

"C-Com remains well positioned to navigate the evolving satcom landscape, supported by a strong balance sheet and solid liquidity," said Dr. Leslie Klein, president and chief executive officer of C-Com Satellite Systems. "We are encouraged by increasing sales activity, particularly from the military sector, which reflects growing demand for reliable, high-performance satellite communication solutions.

"The commercialization of our next-generation Ka-band flat-panel multiorbit antenna and our eight-channel beamformer integrated circuit (BFIC) remains our top strategic priority. Development of both technologies is nearing completion, representing a significant milestone for C-Com as we transition into the rapidly expanding electronically steered antenna (ESA) market," added Dr. Klein.

Commercial production of the company's ESA solutions and BFIC is expected to begin in the fourth quarter of 2026. These innovations are anticipated to open new revenue streams and position C-Com for sustainable long-term growth as global demand for advanced satellite connectivity continues to accelerate.

About C-Com Satellite Systems Inc.

C-Com Satellite Systems is a pioneer and a leading global designer, developer and manufacturer of transportable and mobile satellite-based antenna systems. The company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling broadband Internet through satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.

C-Com has sold more than 11,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as oil and gas exploration, military communications, disaster management, SNG (satellite news gathering), emergency communications, cellular backhaul, telemedicine, mobile education, government services, mobile banking, and others. The company's iNetVu brand is synonymous with high quality, reliability and cost-effectiveness.

C-Com is in final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat-panel phased-array antenna. C-Com has developed this unique multiorbit antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals over LEO (low Earth orbit), MEO (medium Earth orbit) and GEO (geostationary Earth orbit) satellite constellations.

Another significant project under way at C-Com is the development of an eight-channel Ka-band analog beamforming integrated circuit (BFIC), which is progressing well and is now in the testing phase. These BFICs will be used in the manufacturing of all of the company's ESA antennas with the intent to significantly reduce their cost and improve their performance. In addition, they will be made available to integrators and others developing Ka-band satcom solutions.

The company is publicly traded on the TSX Venture Exchange (symbol: CMI) and on the OTCQB exchange (symbol: CYSNF).

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