Mr. Gordon Reykdal reports

EVERYDAY PEOPLE FINANCIAL ANNOUNCES STRONG FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS FOR THE 12 MONTHS ENDED DECEMBER 31, 2023

Everyday People Financial Corp. has released its consolidated annual financial and operational results for the year ended Dec. 31, 2023, and the 12 and 15 months year ended Dec. 31, 2022. This news release should be read in conjunction with Everyday People's consolidated financial statements and management's discussion and analysis report for the year ended Dec. 31, 2023, which have been posted under the company's profile on SEDAR+.

"Two thousand twenty-three has been a remarkable year for Everyday People. The successful completion of two strategic acquisitions significantly propelled our position as a leader in revenue cycle management (RCM). The acquisitions of Groupe Solution Collect Solu Inc., and Arvato Financial Solutions Ltd. (EPFS) substantially enhanced our revenue and validated our strategic realignment in 2023," said Gordon Reykdal, executive chairman of Everyday People. "With solid fourth quarter results and momentum across our business lines, we anticipate a strong first quarter in 2024, dedicated to increasing shareholder value and providing clients with the highest quality of service."

Key financial highlights for the three months ended Dec. 31, 2023:

• Revenue of $9.7-million for the three months ended Dec. 31, 2023, up 102 per cent compared with $4.8-million for the same period in 2022.
• Positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.1-million for the three months ended Dec. 31, 2023, as compared with adjusted EBITDA loss of $1-million for the same period in 2022.
• Net loss before tax of $300,000 for the three months ended Dec. 31, 2023, a significant improvement from the net loss before tax of $26.3-million recorded for the same period in 2022. The increase of $26-million in net profit before tax is attributed to a 99-per-cent increase in revenue, primarily driven by successful acquisitions in 2023, and a reduction in recorded non-cash impairment losses.

Key financial highlights for the 12 months ended Dec. 31, 2023:

• Revenue of $37.9-million for the 12 months ended Dec. 31, 2023, up 99 per cent compared with $19-million for the 12 months period ending Dec. 31, 2022.
• Positive adjusted EBITDA of $5.7-million for the 12 months ended Dec. 31, 2023, as compared with adjusted EBITDA loss of $2-million for the 12 months period ended Dec. 31, 2022.
• Net loss before tax of $2.5-million for the 12 months ended Dec. 31, 2023, a significant improvement from the net loss before tax of $42-million recorded for the 12 months period ending Dec. 31, 2022.

The company is pleased to announce the appointment and promotion effective immediately of:

• Dil Boparai, CPA, from vice-president of finance to chief financial officer (CFO) of the company effective immediately upon Mayank Mahajan's resignation;
• Tyler Hatch, from vice-president of EP Homes to chief operating officer (COO) of the company's EP financial services and EP homes division;
• Raj Jassar, CPA, MBA, from vice-president, strategy, to chief strategy officer (CSO) of the company to oversee the EP financial services division;
• Barry Brotherson, from compliance director at BPO Collections Ltd. to chief compliance officer (CCO) of the company;
• Allan Scullion, from chief technology officer at BPO Collections to chief technology officer (CTO) of the company.

About Everyday People Financial Corp.

Everyday People is founded on the belief that everyone deserves a second chance to financially re-establish themselves with access to affordable credit products. It is changing the way people manage money by enhancing its client services with its own affordable and specialized financial products and literacy programs. The company is helping everyday people rebuild their financial health for generational wealth. The company has over 500 employees with operations first established in 2006 in the United Kingdom, Canada and the United States. The company includes three main pillars of business: one pillar, revenue cycle management (RCM), operates under its co-CEO, Graham Rankin, and two pillars, EP financial services and EP homes, operate under its co-CEO, Barret Reykdal. The company generated revenues of over $38-million in the 2023 financial year. Everyday People stands for creativity and entrepreneurship. Its combination of companies, products and services has been established to ensure it can fulfill consumers' financial needs and service them in a low-cost and effective manner.

We seek Safe Harbor.