Mr. Rob Turley reports

AUDITED ANNUAL STATEMENTS FOR THE FISCAL YEAR ENDED MARCH 31, 2025

Plaintree Systems Inc. has released its audited consolidated financial statements and related management's discussions and analysis for the fiscal year ended March 31, 2025.

During fiscal 2025, Plaintree realized revenues from operations of $23,847,195, down from revenues of $24,204,805 in fiscal 2024. Plaintree ended fiscal 2025 year with a net loss before income tax expense and impairment of $815,531 compared with a gain of $1,174,305 in fiscal 2024.

"This year was a challenging one from a geopolitical perspective," said David Watson, chief executive officer. "The ongoing recertification process for some appliances that Elmira has been going through has delayed order shipments, and, now, the tariff uncertainty that has affected our biggest market, the U.S., has had a huge negative impact on Elmira appliances and led to a $1,112,870 inventory provision and a $995,621 impairment. Also, the recently announced closure of the Summit division was after it accumulated a $416,059 loss on the year after Summit's largest customer lost its key customer.

"The remaining divisions continue to provide strong performance."

About Plaintree Systems Inc.

Plaintree has two diversified product lines consisting of specialty structures and applied electronics.

The specialty structures division includes the Triodetic Group with over 40 years of experience, and is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, foundations for unstable soil conditions and flood zones and for free form structures, barrel vaults, space frames and industrial dome coverings, and Spotton Corp., a design and manufacturer of high-end custom hydraulic and pneumatic valves and cylinders.

The applied electronics division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Elmira Stove Works Inc. businesses. Hypernetics was established in 1972, and is a manufacturer of avionic components for various applications, including aircraft anti-skid braking, aircraft instrument indicators, solenoids, high-purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high-precision machining to the aerospace and defence markets. Its facility includes five axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds, as well as assembly and pressure seals. Summit will support requirements from concept, prototype and throughout production. Elmira Stove Works is a manufacturer of high-end heritage and retro-styled kitchen appliances under the brand names Northstar, Fireview and Heritage.

Plaintree's shares are traded under the symbol NPT.

Plaintree is publicly traded in Canada on the Canadian Securities Exchange (NPT) with 12,925,253 common shares and 18,325 Class A preferred shares outstanding.

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