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File: '\\swfile\EmailIn\20260629 142308 Attachment JEMTEC 2026 Q3 News Release.docx'
JEMTEC INC.TSX-V:
JTC
Source: JEMTEC Inc.
FOR IMMEDIATE RELEASE
JEMTEC 2026 Q3 CORPORATE AND FINANCIAL UPDATE
June 29, 2026, Vancouver - JEMTEC Inc. (TSX-V: JTC) (the "Company") is pleased to provide an update on its performance for the fiscal Quarter ended April 30, 2026 (2026 Q3) and the Companies situation, showing a quarterly profit, no debt, strong liquidity and net worth.
Q3 Revenues
Revenue have decreased by 7% during the quarter ended April 30, 2026 compared to the quarter ended April 30, 2025 primarily due to the loss of CBSA contract associated with CSC. The Company earned revenues on its agreements with the Province of Saskatchewan, CSC, interest on cash balances and from private bail clients waiting release from court dates.
Q3 Direct costs
During the quarter ended April 30, 2026, direct costs decreased by 15% compared to the quarter ended April 30, 2025 primarily due to the fluctuations in equipment rent and installation, monitoring and activation fees, shipping and travel.
Q3 Expenses
During the quarter ended April 30, 2026, expenses remained consistent to the quarter ended April 30, 2025. Significant fluctuations were recorded in professional fees, share-based payments, and shareholder communications.
Q3 Income Tax
For the quarter ended April 30, 2026, the Company recognized a net income tax expense of $14,200 (April 30, 2025 - $16,500). The income tax expense was related to income tax in Canada.
Q3 Net Income
For the quarter ended April 30, 2026, the Company recorded a net income of $55,925, compared to a net income of $50,741 during the quarter ended April 30, 2025. This decrease in net income is primarily associated with the decrease in direct costs and certain expenses related to the loss of contracts.
Q3 Liquidity
At April 30, 2026, the Company had cash and cash equivalents of $2,717,148 and working capital of $2,624,036. All cash and cash equivalents are on deposit with a Schedule I bank in Canada in current or interest accruing accounts.
Eric Caton, President and CEO said, "We are pleased to record a profit and continue the process of reducing expenses and reorganizing our business model with a greater awareness on profitable contracts, we expect the results should show positive returns going forward and we continue to see the Company well positioned to grow its core business". Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada since 1987 and in doing so has built a reputation for offering the best technological solutions and support for use in this demanding environment.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward - looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward- looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
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For further information contact: Eric Caton, President Phone (877) 929-4559 Fax (877) 929-4198
www.jemtec.ca
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.
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