Mr. Sandeep Mendiratta reports

NOWVERTICAL GROUP REPORTS FOURTH QUARTER 2025 FINANCIAL RESULTS

Nowvertical Group Inc. has released its financial results for its fourth fiscal quarter and year ended Dec. 31, 2025. Unless otherwise specified, all dollar amounts are expressed in United States dollars. Management will host an investor webinar at 11 a.m. ET (8 a.m. PT) on Thursday, April 9, to discuss the company's financial and business results.

"Our FY 2025 results reflect a combination of external and transitional factors, including foreign exchange impacts in Argentina and lower reseller revenue in certain markets, which affected reported revenue for both the quarter and the year," said Sandeep Mendiratta, chief executive officer of the company.

"At the same time, I am pleased that the underlying business continues to evolve in line with our strategy. In the year ended Dec. 31, 2025, our top 30 strategic accounts generated $25.0-million and represented 67 per cent of total revenue, up from $21.9-million and 55 per cent in the prior year. This shift toward larger enterprise relationships is improving the quality and durability of our revenue base. We also saw continued progress across our key growth drivers including Google Cloud related and integration-led revenue. These areas are central to how we expand within existing clients and build a more scalable business.

"Operationally, our focus remains consistent, connecting customer and finance data to measurable outcomes, proving value early and scaling through repeatable delivery. With our integration now complete and NowUnlock launched, we are focused on executing against this model with discipline as we move into 2026."

Selected financial highlights for the three months and year ended Dec. 31, 2025:

• Revenue was $9.7-million in the three months ended Dec. 31, 2025 (Q4 2025), an 11-per-cent decrease from $10.9-million for the three months ending Dec. 31, 2024 (Q4 2024), mainly due to a devaluation of the Argentine peso resulting in a $500,000 deflation of revenue and a decrease in reseller revenue. Revenue for the year ended Dec. 31, 2025 (FY 2025), was $37.3-million, a 5-per-cent decrease from $39.4-million over the year ended Dec. 31, 2024 (FY 2024), mainly due to a $2.1-million Argentine peso devaluation, a decrease in reseller revenue and the Chile restructuring.
• Gross profit came in at a 53-per-cent margin in Q4 2025, an increase from 52 per cent in Q4 2024 and was $5.1-million in Q4 2025, a 9-per-cent decrease from $5.7-million in Q4 2024 and was $18.8-million FY 2025, an 8-per-cent decrease from $20.5-million FY 2024. The decreases were mainly due to the Argentine peso devaluation and decrease in reseller revenue.
• Administrative expenses were $5.3-million in Q4 2025, a 79-per-cent increase from $3.0-million in Q4 2024 mainly due to higher share-based compensation granted to employees and severance costs. Administrative expenses were $16.4-million in FY 2025, a 2-per-cent increase from $16.2-million FY 2024.
• Income (loss) from operations was ($100,000) in Q4 2025, a 105-per-cent decrease from $2.7-million in Q4 2024 and was $2.4-million in FY 2025, a 45-per-cent decrease from $4.3-million FY 2024 driven by an increase in share-based compensation expense.
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was 19 per cent of revenue at $1.8-million in Q4 2025, a 30-per-cent decrease from $2.6-million in Q4 2024. Adjusted EBITDA was 19 per cent of revenue in FY 2025, an increase from 18 per cent in FY 2024 and was $7.2-million in FY 2025, consistent with $7.2-million in FY 2024. Adjusted EBITDA is a non-GAAP (generally accepted accounting principles) financial measure.

Q4 2025 and subsequent business highlights:

• April 7, 2026: The company announced the scale up of its engagement with a global provider of commodity pricing data and market intelligence.
• March 30, 2026: The company announced that it signed new engagements during Q1 2026 with a global enterprise client in the international events and exhibitions sector.
• March 23, 2026: The company announced the expansion of an existing cloud data migration engagement with a large enterprise client.
• March 12, 2026: The company announced the launch of NowUnlock AI, a structured enterprise proposition designed to help organizations translate artificial intelligence initiatives into measurable operational and financial outcomes.
• Feb. 6, 2026: The company announced the completion of its One Brand strategy, with all acquired businesses now operating under the Nowvertical brand. This milestone marks the conclusion of the company's integration phase announced Aug. 1, 2024.
• Dec. 3, 2025: The company announced the promotion of Christine Nelson to permanent chief financial officer of the company.

Q4 2025 financial results investor webinar

The company invites shareholders, analysts, investors, media representatives and other stakeholders to attend the company's upcoming webinar. Management will discuss Q4 2025 results, followed by a question-and-answer session.

Investor webinar registration

Time:  Thursday, April 9, 2026, 11 a.m. in Eastern Time (the United States and Canada)

A recording of the webinar and supporting materials will be made available in the investor's section of the company's website.

Additional information

The company's audited annual 2025 consolidated financial statements, notes to financial statements, and management's discussion and analysis for the three and 12 months ended Dec. 31, 2025, are available on the company's SEDAR+ profile.

About Nowvertical Group Inc.

The company is a data analytics and AI (artificial intelligence) solutions company offering comprehensive solutions, software and services. As a global provider, the company delivers cutting-edge data, technology and artificial intelligence applications to private and public enterprises. The company's solutions form the bedrock of modern enterprises, converting data investments into business solutions. Nowvertical is growing organically and through strategic acquisitions.

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