Ms. Sue Amarin reports

WI2WI CORPORATION ANNOUNCES FULL YEAR 2025 FINANCIAL RESULTS

Wi2Wi Corp. has released its audited consolidated financial results for the fourth quarter (Q4) and full year ending Dec. 31, 2025.

Fourth quarter and full year 2025 highlights (reported in U.S. dollars)

Revenue:

• Fourth quarter revenue of $1.66-million, an 18-per-cetn increase over Q4 2024;
• Full year 2025 revenue of $6.34-million, which was essentially flat versus 2024.

Gross margin:

• Full year gross margin of 8 per cent, compared with 14 per cent in the prior year.

Profitability and cash flow:

• Fourth quarter net loss of $301,000;
• Full year net loss of $1.72-million
• Fourth quarter EBITDA (earnings before interest, taxes, depreciation and amortization) of negative $99,000;
• Full-year EBITDA of negative $877,000;
• Cash on hand as of Dec. 31, 2025, of $203,000;
• Net cash used in operations of $1,029,000;
• Working capital of $2.52-million.

Chief executive officer commentary

Sue Amarin, CEO, stated: "As I assess the business since taking on the CEO role in November, I see a company with genuine competitive advantages: U.S.-based design and manufacturing with QPL and MIL-SPEC certifications; deep expertise in high-reliability applications; and long-standing relationships with many large customers who depend on us for mission-critical components. These are not easily replicated and they give us a strong platform to build on.

"Our near-term focus is on three priorities: driving gross margins increases through operational improvements, ramping production to meet growing customer demand and securing the financing to invest in the capabilities that will support our next phase of growth. We are in active discussions on the capital front and expect to update shareholders as those efforts progress.

"I'm realistic about the work ahead, yet I'm confident in what this team can accomplish. Thank you for your patience and continued support."

Operational and financial highlights

Fiscal 2025 was a pivotal year for Wi2Wi. The company undertook a fundamental strategic realignment: exited its connectivity business; appointed new leadership; and doubled down on its Precision Devices frequency control platform. These were necessary changes and, while the financial results reflect the cost of transition, the actions the company took have positioned the company on a stronger footing entering 2026.

Revenue for the year was $6.4-million, a modest increase over the prior year, with U.S. revenue growing 9 per cent as the company deepened relationships with key aerospace and defence accounts. Gross margins declined due to a specific quality event that has been fully remediated, combined with production cost pressures, which the company is actively addressing through automation investments and supply chain improvements. "I want to be direct: our current margin profile is not where it needs to be and restoring it to sustainable levels is my top operational priority," said Ms. Amarin.

There were encouraging signs in the second half. Revenue strengthened through Q3 (third quarter) and Q4, operating losses narrowed quarter over quarter, and the company reduced SG&A (selling, general and administrative) expenses by 4 per cent while maintaining its investment in R&D (research and development) where it matters most. The customer that was affected by the company's quality issue responded by placing a significant follow-on order, a strong signal of confidence in the company's products and the team's responsiveness.

Detailed and historical financial information is available in the attached tables.

About Wi2Wi Corp.

Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets, including avionics, aerospace, industrial equipment, government and the U.S. military. Wi2Wi's frequency control products are best in class and of the highest quality.

Founded in 2005, Wi2Wi's headquarters, design centre and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, Wis. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many Tier 1 global partnerships with numerous industry leading silicon and wireless technology suppliers.

Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world-class distributors for the fulfilment of orders, all of which augment a United States-based direct sales team.

Wi2Wi is extremely proud to serve hundreds of the world's top companies with its made-in-America products.

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