Tribe Property Technologies Reports Q2 2026 Results, Highlights Recurring Revenue Growth and Continued Progress Toward Profitability

About this update from Tribe Property Technologies Inc

VANCOUVER, BC, Aug. 25, 2026 /CNW/ -- Tribe Property Technologies Inc.  (TSXV: TRBE) (OTCQB: TRPTF) (" Tribe " or the " Company "), a leading provider of technology-elevated property management solutions, today announces its financial results for the fiscal second quarter for the three months ended June 30, 2026. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated. Joseph Nakhla, Tribe's CEO commented, "Tribe continued to make important progress in the second quarter as we strengthen the foundation for our next phase of growth. The appointment of Jerome Samuels as Chief Operating Officer reflects our focus on building a more scalable, consistent, and technology-enabled operating platform. Jerome's experience in operations, customer experience, and organizational transformation will be instrumental as we continue integrating our national platform and advancing One Tribe OS. Alongside the continued adoption of Tribe Home and the expansion of Home Pro, we are focused on creating a more connected technology ecosystem that delivers greater value to our communities, residents, and property management partners." Scott Ullrich, Tribe's CFO, stated, "Our second quarter results reflect continued improvement in the underlying economics of the business, with gross profit increasing 3.6% to $3.5 million and gross margin expanding to 42.0%, while our net loss declined 22.4%, to $1.0 million. We are maintaining a disciplined approach to costs and capital allocation while continuing to identify opportunities to improve operating efficiency across our national platform. We remain focused on translating revenue growth and technology-driven efficiencies into stronger margins, improved Adjusted EBITDA performance, and sustainable cash flow generation as we continue to build toward profitability." Q2-2026 Financial Highlights: Outlook: Management remains confident that the Company will continue building momentum through 2026 and into 2027, supported by ongoing operational execution, disciplined cost management, and continued integration of recently amalgamated acquisitions. The Company remains focused on driving revenue growth, expanding margins, and improving profitability, while advancing its technology-first strategy. Key priorities include: Second Quarter 2026 Financial Results Webinar The Company will hold a conference call and simultaneous webcast to discuss its results on Tuesday, August 25, 2026, at 1:00 pm ET (10:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Scott Ullrich, Chief Financial Officer. Please dial-in 10 minutes prior to the start of the call. Related earnings release materials will be available on SEDAR profile at www.sedar.com  and Tribe's website at https://tribetech.com/investors/ . Webinar Details: Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required. Non-IFRS Measures The following and preceding discussion of financial results includes reference to Gross Profit, Gross Profit Percentage and Adjusted EBITDA, which are all non-IFRS financial measures. Non-IFRS measures do not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS and should be read in conjunction with the consolidated financial statements for the periods indicated. (1) Non-IFRS measures: Adjusted EBITDA does not have a standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. We define Adjusted EBITDA attributed to shareholders as net income or loss excluding severance and acquisition costs, interest expense and finance costs, foreign exchange gains and losses, current and deferred income taxes, depreciation and amortization, stock-based compensation, fair value gains and losses on investments, and other expenses. We believe Adjusted EBITDA is a useful measure as it provides important and relevant information to our management about our operating and financial performance. Adjusted EBITDA also enables our management to assess our ability to generate operating cash flow to fund future working capital needs, and to support future growth. Excluding these items does not imply that they are non-recurring or not useful to investors. Investors should be cautioned that Adjusted EBITDA attributable to shareholders should not be construed as an alternative to net income (loss) or cash flows as determined under IFRS. (2) Non-IFRS measures: Gross profit and gross profit percentage do not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. We define gross profit as revenue, excluding ancillary revenues, less cost of software and services and software licensing fees. Cost of software and services include direct costs of community managers, client accounting staff and accounting software, excluding client administration and other administrative applications. We define gross profit percentage as gross profit calculated as a percentage of revenues, excluding ancillary revenues. Gross profit and gross profit percentage should not be construed as an alternative for revenue or net loss in accordance with IFRS. We believe that gross profit and gross profit percentage are meaningful metrics in assessing our financial performance and operational efficiency. SELECTED QUARTERLY FINANCIAL INFORMATION The following table sets forth selected financial information of the results of operations for the three months ended June 30, 2026 and 2025 as follows: Reconciliation of Net Loss to Adjusted EBITDA The following table sets forth the reconciliation of net loss to adjusted EBITDA for the three months ended June 30, 2026 and 2025: Financial Statements and Management's Discussion & Analysis Please see the consolidated financial statements and related Management's Discussion & Analysis ("MD&A") for more details. The unaudited consolidated financial statements for the three months ended June 30, 2026, and related MD&A have been reviewed and approved by Tribe's Board of Directors. Tribe recognizes that most of its investors are now accessing corporate and financial information either through pushed news services, directly from www.tribetech.com or SEDAR+. Thus, Tribe has prepared this truncated news release to alert investors to its results and that a more detailed explanation and analysis is readily available in the MD&A. These reports have been filed on SEDAR+ at www.sedarplus.ca  and posted at www.tribetech.com . "Joseph Nakhla" Chief Executive Officer 1606-1166 Alberni Street Vancouver, British Columbia V6E 3Z3 Phone: (604) 343-2601 Email: [email protected] About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit www.tribetech.com for more information. Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information within the meaning of applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking information. Forward-looking information in this news release may relate to statements with respect to the aims and goals of the Company; financial projections; growth plans; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company's platform; and other factors or information. Such information represents the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. The Company does not intend, and do not assume any obligation, to update forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/25/c0191.html

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