Quorum Information Technologies (QIS) investor relations material

Executive summary

• Achieved second consecutive quarter of cash EBITDA growth in Q3 2025, reaching CAD 1.5 million, reflecting the success of a profitability improvement plan initiated in Q1 2025.

• Announced a proposed acquisition by an affiliate of Valsoft Corporation, valuing the company at approximately CAD 60 million, with all shares to be acquired for $0.80 per share in cash, representing a 14% premium to the share price as of September 19, 2025; transaction expected to close in Q4 2025, pending shareholder, court, and regulatory approvals.

• Paid down an additional $0.4 million on the BDC Capital Mezzanine Loan Facility after quarter-end.

Financial highlights

• Cash EBITDA increased to CAD 1.5 million in Q3 2025, up from CAD 1.4 million in Q2 and CAD 1 million in Q1; adjusted EBITDA was CAD 1.9 million (19% of revenue), down CAD 0.3 million year-over-year due to higher R&D and third-party SaaS costs.

• Total revenue rose 1% year-over-year to CAD 10 million; SaaS revenue decreased 1% to CAD 7.2 million; BDC revenue increased 10% to CAD 2.7 million.

• Gross margin increased by 1% to CAD 5 million, or 50% of total revenue, maintaining a 50% margin.

• Net income for Q3 2025 was $313,859, down 60% year-over-year; net income per share was $0.004.

Outlook and guidance

• No material decline in profitability expected from the new AutoCanada agreement, despite a reduction in committed annual revenue.

• Focus remains on profitable growth, operational efficiencies, and leveraging automation and AI.

• Transaction with Valsoft expected to close in Q4 2025, after which shares will be delisted and the company will cease to be a reporting issuer.