Novra Technologies : Unaudited Interim Financial - Q3

About this update from Novra Technologies Inc.

CONSOLIDATED FINANCIAL STATEMENTS Nine Months ended September 30, 2025 and 2024 (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 11 Note 8 - Depreciation and Amortization 11 Note 9 - Finance Income and Finance Costs 12 Note 10 - Revenues 12 Note 11 - Commitments and Contingent Liabilities 13 Note 12 - Convertible Loan Agreement 13 NOVRA TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Canadian dollars) NOTES September 30, 2025 December 31, 2024 ASSETS Current Assets Cash 3(a) 1,531,857 1,079,684 Trade and other receivables 3(b) 880,031 414,348 Sub-lease receivable - current portion 5,139 47,627 Inventories 897,554 991,796 Prepayments and other 32,155 5,376 Total Current Assets 3,346,736 2,538,831 Non-Current Assets Equipment 87,212 142,590 Right-of-use assets 4 984,183 1,124,108 Intangible assets 1,719,240 1,627,517 Total Non-Current Assets 2,790,635 2,894,215 TOTAL ASSETS $ 6,137,371 $ 5,433,046 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Trade and other payables $ 787,697 1,646,509 Borrowings 6 171,495 263,530 Lease liabilities 11(a) 350,005 313,090 Customer deposits 390,953 94,912 Deferred revenue - current portion 1,073,809 888,424 Advances from related parties 5(c) 1,832,529 1,682,098 Total Current Liabilities 4,606,488 4,888,563 Non-Current Liabilities Borrowings 6 2,207,023 2,284,679 Lease liabilities 11(a) 925,935 1,162,049 Deferred revenue 221,878 249,230 Promissory notes from related party 5(d) 1,393,480 1,343,464 Total Non-Current Liabilities 4,748,316 5,039,422 TOTAL LIABILITIES 9,354,804 9,927,985 Equity Share capital 7 8,053,749 7,372,749 Contributed surplus 500,576 500,576 Accumulated other comprehensive gain (loss) (96,630) (184,304) Accumulated deficit (11,455,009) (12,019,550) TOTAL EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF NOVRA (2,997,314) (4,330,529) Non-Controlling Interests (220,119) (164,410) TOTAL EQUITY (3,217,433) (4,494,939) TOTAL LIABILITIES AND EQUITY $ 6,137,371 $ 5,433,046 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 September 30, Nine months ended September 30, NOTES 2025 2024 2025 2024 REVENUE 10 COST OF REVENUE $ 1,211,547 438,638 $ 702,551 292,066 $ 3,969,317 1,891,942 $ 2,487,929 1,243,925 GROSS PROFIT 772,909 410,485 2,077,375 1,244,004 OPERATING EXPENSES General and administrative 278,284 200,453 728,814 911,967 Sales and marketing 165,447 171,014 535,500 666,534 Research and development 455,896 350,474 856,058 1,124,691 Total operating expenses 899,627 721,941 2,120,372 2,703,192 OPERATING INCOME (LOSS) (126,718) (311,456) (42,997) (1,459,188) Other Income (Expenses) Foreign exchange gain (loss) 27,248 (7,725) 12,206 19,034 Finance income 9(a) (5,137) 49 658,658 173 Finance costs 9(b) (39,542) (41,873) (119,036) (132,881) INCOME (LOSS) BEFORE INCOME TAXES (144,148) (361,005) 508,832 (1,572,862) Income tax recovery (expense) - - - - NET INCOME (LOSS) $ (144,148) $ (361,005) $ 508,832 $ (1,572,862) OTHER COMPREHENSIVE INCOME, NET OF TAXES Foreign Currency Translation Adjustments on Wegener Consolidation (33,717) 34,833 87,674 (31,729) Total other comprehensive income, net of taxes (33,717) 34,833 87,674 (31,729) COMPREHENSIVE INCOME (LOSS) $ (177,865) $ (326,172) $ 596,506 $ (1,604,591) EARNINGS (LOSS) PER SHARE: Basic $ (0.0025) $ (0.0079) $ 0.0169 $ (0.0373) Diluted $ (0.0025) $ (0.0079) $ 0.0169 $ 0.0373 Weighted average number of shares outstanding - basic 33,420,293 33,420,293 33,420,293 33,420,293 Weighted average number of shares outstanding - diluted 33,420,293 33,420,293 33,420,293 33,420,293 NET INCOME (LOSS) ATTRIBUTABLE TO : Shareholders of Novra $ (83,068) $ (263,351) $ 564,541 $ (1,248,172) Non-controlling interest (61,080) (97,654) (55,709) (324,690) $ (144,148) $ (361,005) 508,832 (1,572,862) COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO: Shareholders of Novra $ (116,786) $ (228,518) $ 652,214 $ (1,279,901) Non-controlling interest (61,080) (97,654) (55,709) (324,690) $ (177,865) $ (326,172) $ 596,506 $ (1,604,591) The accompanying notes are an integral part of these Consolidated Financial Statements NOVRA TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Accumulated Number of Other Non- Total Common Common Contributed Comprehensive Accumulated Controlling Shareholders' NOTES Shares Shares Surplus Loss Deficit Interest Equity (Canadian dollars, except share data) At January 1, 2025 Total Less: common shares held by subsidiary 35,420,293 (2,000,000) $ 7,632,749 $ $ (260,000) 500,576 $ (184,304) $ (12,019,550) $ (164,410) $ (4,234,939) (260,000) 33,420,293 7,372,749 500,576 (184,304) (12,019,550) (164,410) (4,494,939) Net income (loss) - - - - 564,541 (55,709) 508,832 Change in foreign currency translation - - - 87,674 - - 87,674 Shares paid for in advance 7(a) - 681,000 - - - - 681,000 Share based compensation - - - - - - - Options Exercised - - - - - - - Cancellation of common shares - - - - - - - At September 30, 2025 33,420,293 $ 8,053,749 $ 500,576 $ (96,630) $ (11,455,009) $ (220,119) $ (3,217,433) At January 1, 2024 Total 35,420,293 $ 7,632,749 $ 500,576 $ 13,900 $ (10,713,049) $ 208,828 $ (2,356,996) Less: common shares held by subsidiary (2,000,000) $ (260,000) (260,000) 33,420,293 7,372,749 500,576 13,900 (10,713,049) 208,828 (2,616,996) Net income (loss) - - - - (1,248,172) (324,690) (1,572,862) Change in foreign currency translation - - - (31,729) - - (31,729) Share based compensation - - - - - - - Options Exercised - - - - - - - Cancellation of common shares - - - - - - - At September 30, 2024 33,420,293 $ 7,372,749 $ 500,576 $ (17,829) $ (11,961,221) $ (115,862) $ (4,221,587) Accumulated Number of Other Non- Total Common Common Contributed Comprehensive Accumulated Controlling Shareholders' NOTES Shares Shares Surplus Loss Deficit Interest Equity The accompanying notes are an integral part of these Consolidated Financial Statements

View stock analysis, news, and events for Novra Technologies Inc.