Mr. Kyle Hall reports

INEO ANNOUNCES PRELIMINARY Q1 FISCAL 2027 REVENUE OF MORE THAN $1.3 MILLION AND ADJUSTED EBITDA NEAR BREAK-EVEN

Ineo Tech Corp. has released preliminary unaudited financial results for its first quarter ended Sept. 30, 2026.

Based on the company's preliminary quarter-end results, Ineo expects to report revenue of more than $1.3-million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) within a range of negative $50,000 to positive $50,000 for the first quarter of fiscal 2027.

Preliminary Q1 revenue represents an increase of more than 25 per cent from the record $1,030,946 reported in the fourth quarter of fiscal 2026 and more than 350 per cent from $288,171 in the first quarter of fiscal 2026. The preliminary Q1 revenue result also represents more than 60 per cent of the $2.08-million in revenue generated by Ineo during all of fiscal 2026.

Ineo ended the quarter with more than $300,000 of confirmed customer orders which had not yet shipped. During the quarter, the company continued converting customer orders into shipments and deployments while expanding the installed base for its connected entrance infrastructure platform.

"Q1 represents another meaningful step in the operating improvements we have been working toward," said Kyle Hall, chief executive officer of Ineo. "Revenue increased again from our record fourth quarter and our preliminary adjusted EBITDA improved to approximately breakeven as shipment volumes increased.

"Our focus remains on execution, including converting customer orders into shipments, successfully deploying those systems, expanding the installed base which supports recurring platform revenue and accelerating new customer opportunities. While there is still significant work ahead, we are encouraged by the operating leverage emerging as the business scales."

Preliminary Q1 fiscal 2027 highlights

• Preliminary revenue of more than $1.3-million;
• Revenue increased more than 25 per cent sequentially from Q4 fiscal 2026;
• Revenue increased more than 350 per cent year over year;
• Preliminary adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) between negative $50,000 and positive $50,000;
• Quarter-end unshipped customer orders of more than $300,000.

Ineo expects to report its complete first-quarter fiscal 2027 financial results and file its interim financial statements and management's discussion and analysis before the end of November in accordance with applicable reporting requirements.

The revenue, adjusted EBITDA, and order figures contained in this release are preliminary and unaudited and remain subject to completion of the company's normal quarter-end closing and review procedures. Final results may differ from the preliminary figures disclosed in this release.

About Ineo Tech Corp.

Ineo builds connected entrance infrastructure for modern retail.

The company's patented technology combines electronic article surveillance, digital display screens, edge processing and cloud-based services into one managed front-of-store system. Ineo's platform helps retailers address loss prevention, retail media, analytics, remote monitoring and operational visibility through infrastructure positioned at one of the most important locations in retail, the store entrance.

Ineo is headquartered in Surrey, B.C., and its shares trade on the TSX Venture Exchange under the symbol INEO, on the OTCQB Venture Market under the symbol INEOF and on the Frankfurt Stock Exchange under the symbol 0OQ.

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