Mr. Jason Siemens reports

NAMSYS REPORTS FIRST QUARTER RESULTS

Namsys Inc. has released its financial results for the first quarter of fiscal 2026, ended Jan. 31. All amounts referenced herein are in Canadian dollars.

First quarter highlights (for the three months ended Jan. 31, 2026, compared with Jan. 31, 2025)

• Revenue of $2,133,875, compared with $1,941,613, an improvement of 10 per cent;
• Operating income for the quarter was $941,293, an increase of 17 per cent from $805,015;
• Net income for the quarter declined 6 per cent to $657,012 (two cents per share) from $701,985 (three cents per share);
• Gross margin of 64 per cent, down from 65 per cent;
• Operating margin of 44 per cent, up from 41 per cent;
• Net cash of $11,187,120 increased by 10 per cent or $1,011,448 compared with $10,175,672 and now represents 37 cents of net cash per diluted share;
• On Feb. 25, 2026, the company announced a special dividend of 15 cents per common share of the company, paid on March 12, 2026, to holders of record of common shares on March 5, 2026;
• The company purchased and cancelled an additional 149,600 common shares. A total of 182,800 shares have been purchased and cancelled as part of the normal course issuer bid that commenced March 27, 2025.

"We are pleased with our continued revenue improvement and strong margins this quarter, which validates our focus on delivering efficiency to the cash processing market. To ensure we maintain this competitive edge, we are rapidly integrating AI into our tools and fundamentally transforming our internal processes, positioning Namsys for sustained growth and even greater value creation for our clients," said Jason Siemens, president and chief executive officer.

The financial statements and management's discussion and analysis for the fiscal quarter ended Jan. 31, 2026, are available under the company's profile on SEDAR+.

About Namsys Inc.

Namsys products are designed to bring efficiency to the processing of currency and other value instruments in retailers, financial institutions and cash-in-transit providers. Namsys's proprietary systems for this market are sold as software-as-a-service subscriptions and operate in the public cloud service providers.