Mr. Adam Zaghloul reports

NTG CLARITY LETTER TO SHAREHOLDERS: 2025 WRAP-UP

NTG Clarity Networks Inc. has shared the following letter with shareholders and has given an update to its shareholder awareness strategy.

Dear shareholders,

The past two years represent a meaningful inflection point in NTG Clarity's evolution. In 2024, the investments outlined in our prior shareholder letter began to generate measurable returns, validating both our long-term strategy and the disciplined actions taken to strengthen the foundation of the business.

Against this backdrop, 2025 marked a deliberate step forward. We scaled into larger contracts, demonstrating our capabilities with some of Saudi Arabia's most prominent public companies and government-affiliated organizations. Operating from a position of strength, we reinvested to drive the next phase of growth while remaining anchored to a clear set of strategic priorities.

2025 strategic priorities and progress:

1. Deepening our role in clients' long-term digital strategies: We continue to expand and solidify our position as a critical partner to our clients. Net revenue retention over the past 12 months reached approximately 150 per cent (1) with only one customer churned (2), underscoring the effectiveness of our strategy. We land new clients through targeted initial engagements, prove value quickly and expand relationships becoming a core piece of clients' long-term digital strategies.
2. Driving new customer acquisition through network effects: Strong delivery for existing clients is directly fuelling new customer acquisition. In 2025, we achieved a net 7-per-cent increase in total clients. Our execution across multiple large engagements is generating a focused, referral-driven pipeline composed of high-value opportunities, positioning us well for continued growth.
3. Increased adoption and traction of NTGapps: We saw meaningful growth in NTGapps revenue during the year. While a significant portion of this growth remains tied to implementation fees, the long-term opportunity is clear: NTGapps represents a scalable source of recurring, higher-margin revenue with strong customer stickiness.

Execution against these strategic priorities delivered over 50-per-cent year-over-year revenue growth through the first nine months of 2025, including several record-breaking quarters. Importantly, this growth was driven by strong demand and disciplined execution while maintaining profitability.

As we look toward 2026, we recognize important areas for continued improvement, particularly accelerating cash conversion and maintaining disciplined margin management as we scale. Our objective remains to ensure that investments in talent, technology and expansion are tightly aligned with strategic priorities and supported by a sound economic foundation.

While we are limited in what we can share with the audit continuing, we are already making progress on these fronts. A strong fourth quarter for collections is expected to result in positive operating cash flow in Q4, driven by improved co-ordination between finance operations and the account managers who lead client relationships. This improved cash flow, together with the proceeds from our August, 2025, equity raise, enables management to focus on the business and positions us well to finance the next phase of growth.

In 2026, we remain focused on disciplined execution of our growth strategy. We are advancing discussions for expanded engagements with existing clients and new engagements with new customers, targeting to improve utilization of reserve staff resources and supporting continued progress toward further profitability.

This strategy is supported by the 2026 Saudi budget, which continues to align fiscal priorities with Vision 2030's economic diversification objectives. Significant financing is directed toward technology and innovation, including digital government services, artificial-intelligence-enabled platforms, cloud infrastructure and broader ecosystem development, reinforcing technology's role as a core driver of long-term economic growth.

We are investing selectively to support growth and expand our capabilities and geographic footprint, including establishing offices and/or legal entities in Iraq, the United Arab Emirates and Madinah, Saudi Arabia. These initiatives are designed to capture attractive new market opportunities while maintaining organizational efficiency and scalability. We believe this disciplined, growth-oriented approach positions NTG Clarity to continue delivering long-term value for shareholders.

We would like to take the opportunity to thank you for taking part in our growth journey, and we look forward to another successful year.

Sincerely,

Adam Zaghloul, vice-president, strategy and planning

Continued shareholder awareness

NTG Clarity has engaged the services of Atrium Research Corp., a leading company-sponsored research firm. Atrium will publish various research reports on NTG Clarity based on based on publicly available information, industry data and discussions with management. Atrium will also host two recorded interviews with NTG's management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $6,000 per quarter for the services listed above. The services will be provided for 12 months beginning on Jan. 15, 2026. At the end of the term, the agreement will be deemed to remain in place and be extended on a quarter-to-quarter basis unless otherwise agreed to by the parties or the agreement is terminated by either party. This engagement is subject to TSX Venture Exchange approval.

Atrium and the company are arm's-length parties, and neither Atrium nor its insiders hold any shares or options to purchase shares in the issued and outstanding capital of the company.

About NTG Clarity Networks Inc.

NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking and information technology solutions to large enterprises, including financial institutions and network service providers. More than 1,300 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

(1) Calculated as last 12 months third quarter 2025 revenue from customers who had revenue in LTM Q3 2024, divided by their LTM Q3 2024 revenue.

(2) Customer defined as accounts spending more than $100,000 in a year.

We seek Safe Harbor.