Pioneering Technology Reports 2025 Q2 Financial Results

About this update from Pioneering Technology Corp.

Pioneering Technology Reports 2025 Q2 Financial Results (TheNewswire) Mississauga, ON (May 30, 2025) – TheNewswire - Pioneering Technology Corp. ( TSXV: PTE ) (“ Pioneering ” or the “ Company ”), a technology company and North America’s leader in cooking fire prevention technologies and products, reports its unaudited financial results for the three and six-months ended March 31, 2025. Pioneering’s un audited condensed interim financial statements and MD&A are available on SEDAR ( www.sedarplus.com ). Financial Highlights: RevenueinQ2 was $407,148 versus$523,628 for the same period a year ago. Revenue for the first six-months of fiscal 2025 was $1,120,633 versus $1,177,289 in fiscal 2024. Gross margin for the first six-months of fiscal 2025 was 54%, the same as last year. Expenses during the six-month period decreased to $880,471 versus $1,191,088 a year ago. Net loss for Q2 was $(261,201) versusalossof$(347,380) a year ago and EBITDA increased to $(214,066) versus $(279,975) during the same period last year. The Company had current assets of approximately $2.3 million as at March 31, 2025. Selected Financial Results for the Second Quarter & Six-months Ended March 31, 2025 & 2024: Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Six Months Ended March 31, 2025 Six Months Ended March 31, 2024 Revenue $407,148 $523,628 $1,120,633 1,177,289 Gross Profit 237,728 253,096 610,030 638,369 Expenses 490,492 592,481 880,471 1,191,088 Net Income (Loss) (261,201) (347,380) (287,417) (559,856) EPS Basic (Loss) $0.00 $0.00 $0.00 ($0.01) Adjusted EBITDA ¹ (214,066) (279,975) (216,968) (438,405) ¹ Adjusted EBITDA is a non-IFRS measure and may not be comparable to similar financial measures disclosed by other issuers. Please refer to “Non-IFRS Measures” at end of this press release . Pioneering CEO Kevin Callahan said of the results, “The Company’s revenue saw a decline in the second quarter of 2025 versus Q2 2024 and year to date revenue is roughly flat versus the same period year ago, while gross profit has remained consistent. The Company has been successful year to date in keeping costs under control. The Company believes that its financial performance in the first half of fiscal 2025 was negatively affected by the threat of increased tariffs being imp...

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