Pioneering Technology Reports Fiscal Year 2025 Financial Results

(TheNewswire)

Mississauga, ON (January 28, 2026)– TheNewswire -Pioneering Technology Corp. (TSXV: PTE)(“Pioneering” or the “Company”), a technology company and NorthAmerica’s leader in cooking fire prevention technology andproducts reports its audited 2025financial resultsfor the year ended September 30, 2025.Pioneering’s audited annual financial statements andMD&A are available on SEDAR+ (www.sedarplus.ca)

Financial Highlights:

• Revenuein fiscal year 2025 was $2,602,979versus$2,742,504 in fiscal 2024, a decrease of 5%. 

• Revenue for the three months ended September 30th was  $640,943 versus$675,029 in 2024.  

• Gross margin remained strong at 50% in fiscal 2025 as compared to 49%in fiscal 2024.  

• Expenses in fiscal 2025 were $1,908,510, a decrease of16% or $350,473 versus the same period last year. This decrease($350,473) was driven by two things: 

  • sales and marketing costs decreased 25% to $734,522 in 2025 from$980,135 the prior year. The Company focused solely on thoseactivities that were expected to contribute directly to future salesand business development growth, and 

  • foreign exchange gain of $112,831 in fiscal 2025, an increase of$126,660 from the loss of $(13,829) in fiscal 2024. 

• Loss for the year decreased 33% ($634,428) in 2025vs.alossof($952,556) in fiscal 2024. 

• Loss of $0.01 per share in fiscal 2025, compared to a loss of $0.02per share in fiscal 2024.  

• The Company has current assets of $2.1 million and $900K in workingcapital.  

Selected Financial Results – PastFour Fiscal Years Ended September 30:

Pioneering CEO Kevin Callahan said of the results,“While we are not yet where we need to be, we believe our 2025strategic initiatives, which have not yet translated to increasedrevenue, are setting us up for future growth. Sales to the US in 2025were again impacted by additional US tariffs. The Company is workingto address this issue by adjusting pricing to the US, directing moreof our efforts to increasing Canadian sales opportunities,commercializing new product opportunities and working to introducesome of our products to new markets. The Company reduced its costs by focusing all sales and businessdevelopment activities on those initiatives that are expected to helpdrive new and increased revenue going forward, while further managingcosts. The Company believes that theseactivities together with a focus on sales pipeline development and newbusiness development activities will deliver growth via improved salesresults, margins and future revenue. The Company is focused on areturn to profitability and remains committed to making our business successful for allstakeholders.”

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About Pioneering TechnologyCorp: Pioneering, based in Mississauga, Ontario is an"energy smart" technology company and North America'sleader in innovative cooking fire prevention technologies andproducts. Our mission is simple: To help protectpeople and property from the number one cause of household fire –cooking fires. We do this by engineering and bringing to marketenergy-smart solutions that make consumer appliances safer, smarter,and more efficient. Our patented cooking-fire prevention productsaddress the multi-billion-dollar problem of cooking fires. Accordingto the National Fire Protection Association, stovetop cooking is thenumber one cause of household fire and fire injuries in North America. Pioneering’s temperature limiting control(TLC) technology is installed in over 450,000 multi-residentialhousing units across North America without a single cooking fire,delivering peace of mind and a solid return on investment for itscustomers. Pioneering’s proprietary cooking fire preventionsolutions include SmartElement, SmartBurner, SmartRange, SmartMicro,and are suitable for the majority of the more than 140 millionstoves/ranges and over 140 million microwave ovens in use throughoutNorth America. For more info, go to www.pioneeringtech.com.

For more information please contact:

Kevin Callahan , CEO

Phone: 647-945-7515

Email: kcallahan@pioneeringtech.com

Forward Looking Statements

The statements made in this press release include forward-looking statements that involve a number of risks anduncertainties. These statements relate to future events or futureperformance and reflect management's current expectations and assumptions. A number of factorscould cause actual events, performance or results to differ materially from the events, performance and resultsdiscussed in the forward-looking statements, such as the economy, generally, competition in Pioneering’s targetmarkets, the demand for Pioneering’s products, the availability of funding and the efficacy of Pioneering’s technology and governmentalregulation and the impact of US tariffs .These forward- looking statements are made as of the date hereof and,except as required by applicable law, Pioneeringdoes not assume any obligation to update or revise them to reflectnew events or circumstances. Actual events orresults could differ materially from Pioneering’s expectationsand projections.

Non-IFRS Measures

Adjusted EBITDA isa measure not recognized under International Financial Reporting Standards (“IFRS”). However, management of Pioneering believes that most shareholders, creditors, other stakeholders and investment analysts prefer to have these measures included asreported measures of operating performance, a proxy for cash flow, and to facilitate valuation analysis.Adjusted EBITDA is defined as earnings before interest income, taxes, depreciation and amortization, impairmentlosses, stock-based compensation, restructuring costs included in general and administration expense, fair valuemovement – derivative liability and other non-recurring gains or losses including transaction costs related to acquisition. Managementbelieves Adjusted EBITDA is a useful measure that facilitates period-to-period operating comparisons. AdjustedEBITDA does not haveany standard meanings prescribed by IFRS and therefore, may not becomparable to similar measures presented by other issuers. Readers arecautioned that Adjusted EBITDA is notan alternative tomeasures determined in accordance with IFRS and should not, on its own, be construed as indicators ofperformance, cash flow or profitability. References to Pioneering’sAdjusted EBITDA should be read in conjunctionwith the financial statements and management's discussion andanalysis of Pioneering posted on SEDAR (www.sedar.com). For a reconciliation of Adjusted EBITDA as presented by Pioneering to net income, please refer to Pioneering’s management’sdiscussion and analysis.

Neither the TSXV nor its RegulationServices Provider (as that term is defined under the policies of theTSXV) accepts responsibility forthe adequacy or accuracy of this release.

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