Pioneering Technology Reports 2026 Q1 Financial Results

(TheNewswire)

Mississauga, ON (March 2,2025) – TheNewswire - Pioneering TechnologyCorp. (TSXV: PTE) (“Pioneering” or the“Company”), a technology company and NorthAmerica’s leader in cooking fire prevention technology andproducts reports its audited financial results for the firstquarter ended December31, 2025. Pioneering’s unaudited condensed interim consolidatedfinancial statements and MD&A are available on SEDAR+ (www.sedarplus.ca)

Financial Highlights:

• RevenueinQ1was$461,135versus$713,485forthe same period a year ago. 

• Gross margin in Q1 was 48% ($221,556) versus 52% ($372,302) in Q12025. 

• ExpensesinQ1were$378,429,adecreaseof2.9%versusQ1 2025expenses of $389,428.  

• Net lossforthe quarterwas($166,779)versusalossof ($26,215)inQ12025. 

• Adjusted EBITDA was a loss of ($137,239) in Q1 2025 versus a profit of$35,801 in Q1 2025.  

• Current assets of $1.7 million and $0.7 million in working capital. 

Selected Financial Highlights for theFirst Quarter ended December 31, 2025 and 2024

¹ Adjusted EBITDA are non-IFRS measures and maynot be comparable to similar financial measures   disclosed by otherissuers. Please refer to “Non-IFRS Measures” at end of this press release.

Pioneering CEO Kevin Callahan said of the results, “Over the past twelve months, the Company has focused on salespipeline development, business development and new marketopportunities. These activities have not yet translated to increasedrevenue. However, the Company believes that these activities willdeliver growth via improved sales results, margins and future revenuein fiscal 2026 and going forward”.

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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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