Mr. Mark Tadros reports

STARDUST SOLAR ACHIEVES FIRST-EVER EBITDA-POSITIVE QUARTER, POWERED BY RECORD Q3 REVENUES OF $1.78M (+99% YOY)

Stardust Solar Energy Inc. has released record quarterly results for the three and nine months ended Sept. 30, 2025, and the company's first-ever EBITDA-(earnings before interest, taxes, depreciation and amortization)-positive quarter. Q3 revenue reached a record $1.78-million (plus 99 per cent YoY (year over year)) with a gross margin of 44 per cent (31 per cent in Q3 2024). The company secured a record $2.55-million (plus 206 per cent increase YoY) in new signed contracts, lifting backlog to $4.4-million total.

Q3 2025 highlights (three months ended Sept. 30, 2025)

• Record revenue: $1.78-million (plus 99 per cent YoY), the strongest quarter in company history;
• Gross margin: 44 per cent (versus 31 per cent in Q3 2024); year-to-date margin also 44 per cent (versus 29 per cent in YTD (year to date) 2024);
• First-ever EBITDA-positive quarter: EBITDA of $16,293;
• Nearing profitability: net loss of $25,018 (loss per share of zero cents); net loss margin improved from negative 39 per cent ($475,000 net loss) in Q2 to negative 1 per cent in Q3 (a 95-per-cent narrower loss QoQ);
• Operating expenses: $812,628 (plus-14-per-cent YoY), reflecting higher advertising, promotion, professional and administrative costs tied to growth and public-company compliance;
• Record signed contracts and visibility: $2.55-million signed in Q3 (largest quarter to date), which is 206-per-cent-plus increase YoY compared with $829,000 in Q3 2024, driving the total backlog to $4.4-million (plus 38 per cent versus June 30, 2025);
• Liquidity: cash and cash equivalents $340,000 at quarter-end (June 30, 2025 -- $171,000);
• Operating cash flow: positive $131,000, the company's first positive quarter since going public.

Year-to-date and trailing-12-month growth

• Nine months ended Sept. 30, 2025: revenue $3.99-million, up $1.14-million (plus 40 per cent) from $2.85-million in the prior-year period;
• TTM revenue: about $4.8-million, up 32 per cent from about $3.6-million in the comparable prior-12-month period, underscoring sustained top-line momentum and diversified growth.

Management commentary

"Q3 proves our model is scaling with discipline," said Mark Tadros, founder and chief executive officer. "We delivered record revenue, first-ever EBITDA positivity, a 44-per-cent gross margin, and a record quarter for signed contracts that pushed backlog to $4.4-million. Most importantly, our net loss narrowed to just $25,000 with positive operating cash flow, showing clear progress toward consistent profitability. We are focused on converting backlog into revenue, supporting our franchise partners and tightly managing working capital."

Outlook

Management expects to continue franchise expansion and direct product sales growth across Canada, the United States and internationally through 2026, with a sustained focus on working capital optimization, supply chain efficiency and profitable franchise network scaling

About Stardust Solar Energy Inc.

Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems and electric vehicle supply equipment. The company equips entrepreneurs with branded business management services, cutting-edge equipment and comprehensive support, including marketing, sales, engineering and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future.

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