Novra Technologies : Consolidated financial statements - Q2 2026

About this update from Novra Technologies Inc.

CONSOLIDATED FINANCIAL STATEMENTS Six Months ended June 30, 2026 and 2025 (Expressed in Canadian Dollars) [Notice: These interim condensed consolidated financial statements have not been audited or reviewed by Novra's independent auditor.] Table of Contents Condensed Consolidated Statements of Financial Position 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 4 Condensed Consolidated Statements of Changes in Shareholders' Equity 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Consolidated Financial Statements: Note 1 - General Information 7 Note 2 - Basis of Preparation and Presentation 7 Note 3 - Current Assets 8 Note 4 - Right-of-use Assets 8 Note 5 - Related Party Transactions 8 Note 6 - Borrowings 10 Note 7 - Shareholders' Equity 10 Note 8 - Depreciation and Amortization 11 Note 9 - Finance Income and Finance Costs 111 Note 10 - Revenues 11 Note 11 - Commitments and Contingent Liabilities 13 Note 12 - SNAPS Convertible Loan Agreements 13 NOVRA TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Canadian dollars) NOTES June 30, 2026 December 31, 2025 ASSETS Current Assets Cash 3(a) 3,595,376 1,467,032 Trade and other receivables 3(b) 628,585 947,725 Inventories 960,518 856,753 Prepayments and other 55,042 78,100 Total Current Assets 5,239,521 3,349,610 Non-Current Assets Equipment 56,887 70,431 Right-of-use assets 4 489,057 595,778 Intangible assets 1,709,317 1,693,114 Total Non-Current Assets 2,255,261 2,359,323 TOTAL ASSETS $ 7,494,782 $ 5,708,933 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Trade and other payables $ 842,769 845,503 Borrowings 6 345,688 338,506 Lease liabilities 11(a) 241,594 250,664 Customer deposits 348,445 186,514 Deferred revenue - current portion 870,385 1,039,578 Advances from related parties 5(c) 1,412,759 1,871,779 Total Current Liabilities 4,061,640 4,532,544 Non-Current Liabilities Borrowings 6 2,078,843 2,002,199 Lease liabilities 11(a) 408,582 525,296 Deferred revenue 180,939 214,554 Promissory notes from related party 5(d) - 1,410,821 Total Non-Current Liabilities 2,668,364 4,152,870 TOTAL LIABILITIES 6,730,004 8,685,414 Equity Share capital 7 12,405,749 8,053,749 Contributed surplus 500,576 500,576 Accumulated other comprehensive gain (loss) (138,960) (50,910) Accumulated deficit (11,522,382) (11,270,648) TOTAL EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF NOVRA 1,244,983 (2,767,233) Non-Controlling Interests (480,205) (209,248) TOTAL EQUITY 764,778 (2,976,481) TOTAL LIABILITIES AND EQUITY $ 7,494,782 $ 5,708,933 The accompanying notes are an integral part of these Consolidated Financial Statements NOVRA TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)(UNAUDITED) (Canadian dollars, except share data) Quarter ended June 30, Six months ended June 30, NOTES 2026 2025 2026 2025 REVENUE COST OF REVENUE 10 $ 826,052 401,361 $ 1,366,167 670,207 $ 1,719,130 783,825 $ 2,757,770 1,453,304 GROSS PROFIT 424,691 695,960 935,305 1,304,466 OPERATING EXPENSES General and administrative 394,084 101,325 711,424 450,530 Sales and marketing 196,176 187,341 353,519 370,053 Research and development 331,645 163,749 642,777 400,162 Total operating expenses 921,905 452,415 1,707,720 1,220,745 OPERATING INCOME (LOSS) (497,214) 243,545 (772,415) 83,721 Other Income (Expenses) Foreign exchange gain (loss) 61,326 (19,759) 169,727 (15,042) Finance income 9(a) 25 - 5,917 - Debt forgiveness 9(a) - (12,328) 100,000 663,795 Finance costs 9(b) (12,499) (39,442) (25,920) (79,494) INCOME (LOSS) BEFORE INCOME TAXES (448,362) 172,016 (522,691) 652,980 Income tax recovery (expense) - - - - NET INCOME (LOSS) $ (448,362) $ 172,016 $ (522,691) $ 652,980 OTHER COMPREHENSIVE INCOME, NET OF TAXES Foreign Currency Translation Adjustments on Wegener Consolidation (50,277) 117,912 (88,050) 121,391 Total other comprehensive income, net of taxes (50,277) 117,912 (88,050) 121,391 COMPREHENSIVE INCOME (LOSS) $ (498,639) $ 289,928 $ (610,741) $ 774,371 EARNINGS (LOSS) PER SHARE: Basic $ (0.0090) $ 0.0024 $ (0.0071) $ 0.0194 Diluted $ (0.0090) $ 0.0024 $ (0.0071) $ 0.0194 Weighted average number of shares outstanding - basic 35,423,237 33,420,293 35,423,237 33,420,293 Weighted average number of shares outstanding - diluted 35,423,237 33,420,293 35,423,237 33,420,293 NET INCOME (LOSS) ATTRIBUTABLE TO : Shareholders of Novra $ (320,417) $ 78,903 $ (251,734) $ 647,609 Non-controlling interest (127,945) 93,113 (270,957) 5,371 $ (448,362) $ 172,016 (522,691) 652,980 COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO: Shareholders of Novra $ (370,694) $ 196,815 $ (339,784) $ 769,000 Non-controlling interest (127,945) 93,113 (270,957) 5,371 $ (498,639) $ 289,928 $ (610,741) $ 774,371 The accompanying notes are an integral part of these Consolidated Financial Statements NOVRA TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Canadian dollars, except share data) NOTES Number of Common Shares Common Shares Contributed Surplus Accumulated Other Comprehensive Loss Accumulated Deficit Non-Controlling Interest Total Shareholders' Equity At January 1, 2026 Total 35,420,293 $ 8,313,749 $ 500,576 $ (50,910) $ (11,270,648) $ (209,248) $ (2,716,481) Less: common shares held by subsidiary (2,000,000) $ (260,000) $ (260,000) 33,420,293 8,053,749 500,576 (50,910) (11,270,648) (209,248) (2,976,481) Net income (loss) - - - - (251,734) (270,957) (522,691) Change in foreign currency translation - - - (88,050) - - (88,050) Shares paid for in advance 7(a) - 4,352,000 - - - - 4,352,000 Shares issued 7(a) 2,002,944 - - - - - - Share based compensation - - - - - - - Options Exercised - - - - - - - Cancellation of common shares - - - - - - - At June 30, 2026 35,423,237 $ 12,405,749 $ 500,576 $ (138,960) $ (11,522,382) $ (480,205) $ 764,778 Accumulated Number of Other Non- Total Common Common Contributed Comprehensive Accumulated Controlling Shareholders' NOTES Shares Shares Surplus Loss Deficit Interest Equity At January 1, 2025 Total 35,420,293 $ 7,632,749 $ 500,576 $ (184,304) $ (12,019,550) $ (164,410) $ (4,234,939) Less: common shares held by subsidiary (2,000,000) $ (260,000) (260,000) 33,420,293 7,372,749 500,576 (184,304) (12,019,550) (164,410) (4,494,939) Net income (loss) - - - - 647,609 5,371 652,980 Change in foreign currency translation - - - 121,391 - - 121,391 Shares paid for in advance 7(a) - 681,000 - - - - 681,000 Share based compensation - - - - - - - Options Exercised - - - - - - - Cancellation of common shares - - - - - - - At June 30, 2025 33,420,293 $ 8,053,749 $ 500,576 $ (62,913) $ (11,371,941) $ (159,039) $ (3,039,568) The accompanying notes are an integral part of these Consolidated Financial Statements

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