Delota Reports Annual Audited Results for the Fourteen Months Ended March 31, 2025

About this update from Delota Corp

Highlights: Vaughan, Ontario--(Newsfile Corp. - July 30, 2025) - Delota Corp. (CSE: NIC) (FSE: S62) (" Delota " or the " Company "), a leading Canadian omni-channel retailer of nicotine vape and alternative tobacco products, is pleased to report it has filed its annual audited consolidated financial statements, management discussion and analysis, and associated certifications (collectively, the " Annual Filings ") for the fourteen months ended March 31, 2025. This was a result of the change of year-end from January 31 st to March 31 st as announced on January 22, 2025. The Annual Filings and details related to the change of year-end may be accessed under the Company's SEDAR+ profile at www.sedarplus.ca . Cameron Wickham, CEO of Delota, commented, "We are pleased to report another year of robust performance for Delota, marked by significant achievements across our operations. Starting with our financial results, our fourteen-month results have pushed revenue to $46.5 million and we delivered an Adjusted EBITDA of approximately $1.2 million for the period. This success is driven by the expansion of our customer base, now exceeding 300,000 registered accounts across our integrated online and brick-and-mortar platforms. Additionally, we have secured a licensing agreement to fuel growth in Eastern Canada, unlocking substantial opportunities beyond our core Ontario market. We are also pleased to have completed the early redemption of $900,000 of senior secured convertible debentures, further strengthening our balance sheet. Looking ahead, Delota is well-positioned for accelerated growth and enhanced profitability as we continue to optimize our omni-channel strategy and pursue strategic M&A opportunities." Financial Highlights: Other Highlights: Select Financial Information The following selected financial information for the fourteen months ended March 31, 2025 and the twelve months ended January 31, 2024 are derived from the Company's annual audited consolidated financial statements for the fourteen months ended March 31, 2025 and the annual audited consolidated financial statements for the year ended January 31, 2024.   Adjusted EBITDA The Company's "Adjusted EBITDA" is a non-IFRS metric used by management that does not have any standardized meaning prescribed by IFRS and may not be fully comparable to similar measures presented by other companies. Management defines Adjusted EBITDA as the net income (loss) reported, before income taxes and other expense (income) items such as finance costs, finance income, gains and losses related to derivative liability valuations, and adjusted for share-based compensation, depreciation and amortization expenses, gains and losses related to the revaluations of its right-of-use assets and lease liabilities and foreign exchange differences. The reconciliation of net income (loss) to Adjusted EBITDA is presented below.   About Delota Corp. Delota is the largest omni-channel specialty vape retailer in Ontario with a mission of becoming one of the largest national specialty retailers of nicotine vape and alternative tobacco products. The Company's growth strategy includes aggressively growing its flagship brand, 180 Smoke Vape Store, by expanding its retail footprint organically in Ontario and select provinces across Canada, strengthening its national e-commerce platform, and through strategic M&A to accelerate growth and market consolidation. The Company is committed to expanding its nicotine product assortment, enhancing customer experience, and growing its registered customer base, which now exceeds 300,000 accounts. Investors interested in learning more about Delota can visit www.delota.com . For further information, please contact: Delota Corp. Cameron Wickham Executive Vice Chair and CEO T: (905) 330-1602 E: [email protected] Cautionary Statements This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include statements made regarding information about future plans, expectations and objectives of the Company overall. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, developments and changes in laws and regulations, consumer sentiment towards the Company's products, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology and social changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca . Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260635

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