(via TheNewswire)

Surrey, BC – August 28, 2026 – TheNewswire - Icarus Capital Corp. (TSXV: ICRS) (the “Company” or “Icarus”) is pleased to report its financial results for the three and six months ended June 30, 2026, highlighted by approximately 30% year-over-year revenue growth and positive net income for the six-month period.

Highlights

• Financial performance: Revenue for the first six months of 2026 increased approximately 30% to $863,431, compared to $666,643 for the corresponding period in 2025. The Company recorded net income of $4,174, compared to a net loss of $47,009 in 2025.  

• Historical obligations: The Company’s results included $61,059 in forgiveness of debt related to the resolution of certain historical obligations.  

• Private placement: The Company received $70,000 in proceeds for shares to be issued under its current private placement financing, which remains subject to applicable regulatory approvals and closing conditions.  

• General and administrative expenses: GA expenses increased to $336,499 from $221,763 for the corresponding period in 2025, primarily driven by increased professional fees resulting from audit, accounting and legal services.  

“We are pleased with the progress reflected in our first-half results, particularly the growth in revenue and improvement in our overall financial performance,” said Eric Y. Lapointe, Chief Executive Officer of Icarus Capital Corp.

“Our growth strategy has focused on expanding our programming in a measured way while making greater use of the infrastructure and relationships we already have in place,” said Arjun Rudra, Chief Financial Officer of Icarus Capital Corp. “During the first half of 2026, we continued to add new shows and enter additional markets while remaining focused on the economics of each opportunity. We believe this disciplined approach is beginning to be reflected in our operating results.”

The Company’s unaudited interim financial statements and Management’s Discussion and Analysis for the three and six months ended June 30, 2026 are available under the Company’s profile on SEDAR+.

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About Icarus Capital Corp:

Based in Surrey, BC, Canada, Icarus Capital Corporation specializes in live and digital entertainment, primarily focused on stand-up comedy. The Company is publicly traded on the TSX Venture Exchange (TSX-V) under the ticker symbol “ICRS”. Its current assets include the Yuk Yuk’s Calgary Comedy Club, Yuk Yuk’s Surrey Comedy Club, Yuk Yuk’s Media, and Yuk Yuk’s Western Canadian Theatre Shows. More details can be found atwww.icaruscapital.ca .

FURTHER INFORMATION

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

• Eric Lapoiinte, Chief Operating Officer, Icarus Capital Corp.  

• Email: eric@yukyuksmedia.com  

• Telephone: +1-604-600-2490  

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