Mr. Elliott Etheredge reports

PUDO INC. REPORTS FY 2027 SECOND QUARTER RESULTS

Pudo Inc. today filed its unaudited interim financial results and operational highlights for the three-month period ended Aug. 31, 2026 (Q2 (second quarter) FY (fiscal year) 2027).

"Our second quarter results are reflective of the stability we have seen with our current customer base. We continue to be very excited about the new customer opportunities in front of us. In particular, we have continued to invest in significant new business opportunities while keeping a focus on managing the operations efficiently. During the second quarter, we returned to positive cash operating income and delivered a very strong gross margin of 37 per cent."

A complete copy of the unaudited interim consolidated financial statements and the management's discussion and analysis report for the three- and six-month periods ended Aug. 31, 2026, can be found on the Canadian Securities Exchange website and on SEDAR+.

About Pudo Inc.

Pudo is North America's only independent parcel pickup and drop-off counter network.

Pudo has created a network of more than 2,088 storefront partners known as Pudopoint counters, strategically located very near to where people live, work and play.

Pudo partners with retailers and logistics providers to offer a last-mile pickup and returns network for e-commerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics.

We seek Safe Harbor.