Pioneering Technology Reports 2025 Q3 Financial Results

About this update from Pioneering Technology Corp.

Pioneering Technology Reports 2025 Q3 Financial Results (TheNewswire) Mississauga, ON (August 29, 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 nine-months ended June 30, 2025. Pioneering’s un audited condensed interim financial statements and MD&A are available on SEDAR+ ( www.sedarplus.com ). Financial Highlights: RevenueinQ3 was $841,403 versus$890,214 for the same period in fiscal 2024. Revenue for the first nine months of fiscal 2025 was $1,962,036 versus $2,067,475 for the same period in fiscal 2024. Gross margin for the first nine months of fiscal 2025 was 52% as compared to 50% for the same period in fiscal 2024. Expenses during the f irst nine months of fiscal 2025decreased to $1,365,376 versus $1,674,157 for the same period in fiscal 2024. Net loss for Q3 was $(86,927) an improvement versus a loss of $(131,640) in Q3 2024. Net loss for the nine-months was $(374,344) versusalossof ( $691,841) a year ago and EBITDA increased to $(266,601) versus $(518,773) during the same period last year. The Company had current assets of approximately $1.9 million as at June 30, 2024. Selected Financial Results for the Third Quarter & Nine-months Ended June 30, 2025 & 2024: Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 Nine Months Ended June 30, 2025 Nine Months Ended June 30, 2024 Revenue 841,403 890,214 1,962,036 2,067,475 Gross Profit 406,208 385,761 1,016,237 1,024,103 Expenses 484,906 505,863 1,365,376 1,674,167 Net Income (Loss) (86,927) (131,640) (374,344) (691,841) EPS Basic (Loss) ($0.01) ($0.01) ($0.01) ($0.01) Adjusted EBITDA ¹ (49,633) (80,023) (266,601) (518,773) 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 was roughly flat in Q3 versus the same period a year ago, while gross profit has improved. The Company continues to do a good job of keeping costs under control. The Company believes that current results...

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