Mr. Steve Harpur reports

PROGRESSIVE PLANET ANNOUNCES RECORD ANNUAL NET INCOME AND CASH FLOW

Progressive Planet Solutions Inc. has provided highlights for the fiscal year ended on April 30, 2025.

Financial highlights include the following:

• Net income increased to $1,669,591, compared with a loss of $392,832 for the prior year.
• Income from operations was $1,787,613, a 164-per-cent increase compared with operating income of $678,035 generated in the prior year.
• Earnings before interest, taxes, depreciation and amortization increased to $3,224,723, compared with $1,355,099 for fiscal 2024 (a 138-per-cent increase).
• Revenue decreased by 0.6 per cent to $19,518,077.
• Gross profit increased by 0.9 per cent to $6,063,780.
• Gross margin increased to 31.1 per cent compared with 30.6 per cent in the prior year.
• Cash flow generated from operating activities was $5,099,865 compared with $2,572,048 in the prior year.
• The company's cash balance increased to $5,428,513 compared with $1,685,806 in the prior year.

The past year saw the company continue its focus on controlling costs, which resulted in strong cash flow and net income relative to the year prior. Annual revenues have been flat for the past two years.

The company intends to release its first quarter financial results early, on or before Sept. 11, 2025. With the close proximity of the annual results release today and the impending release of Q1 results, the company will schedule an earnings call covering both the annual results and the Q1 results. The earnings call details will be included in the news release announcing the Q1 results.

Certain information provided in this news release is extracted from the consolidated financial statements and management's discussion and analysis of the company for the year ended April 30, 2025, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the financial statements and management's discussion and analysis that an investor can properly analyze this information. The financial statements and MD&A can be found under the company's profile on SEDAR+.

About Progressive Planet Solutions Inc.

Progressive Planet, based in Kamloops, B.C., is redefining sustainability with its products for a healthy planet. By leveraging owned mineral assets and recycled materials, it develops patented and patent-pending innovations that promote a healthier planet.

Its C-Quester centre of sustainable solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America.

We seek Safe Harbor.