CUPERTINO, Calif., Nov. 26, 2025 /PRNewswire/ - (TSXV:BWLK) (OTCQB:BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended September 30, 2025 ("Q2-FY26"). All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").

Financial Highlights:

Revenue for Q2-FY26 was $1 million, a 4% increase from $0.9 million reported for the three-months ending June 30, 2025 ("Q1-FY26") and a 25% decrease versus $1.3 million for the three-months ending September 30, 2024 ("Q2-FY25"), mainly due to two previously announced customer non-renewals.

Annual recurring revenue ("ARR"), a non-IFRS metric, at September 30, 2025 was $3.8 million. The Company defines ARR, a non-IFRS metric, as the annual recurring revenue expected based on trailing quarterly revenue from license subscriptions and certain recurring services.

Gross margin for Q2-FY26 was 86.7%, compared to 83.5% in Q1-FY26 and 88.7% in Q2-FY25.

Adjusted EBITDA (see Non-IFRS Financial Measures) for Q2-FY26 was a loss of $(0.4) million, which was a 44% improvement versus the $(0.6) million loss in Q1-FY26 and flat versus Q2-FY25.

Non-IFRS net loss for Q2-FY26 (see Non-IFRS Financial Measures) totaled $(0.4) million, $(0.01) per basic and diluted share, versus a $(0.7) million non-IFRS loss in Q1-FY26, $(0.01) per basic and diluted share, and versus a $(0.5) million non-IFRS loss in Q2-FY25, $(0.01) per basic and diluted share.

Net loss for Q2-FY26 was $(0.5) million, or $(0.01) per basic and diluted share, versus a $(0.9) million loss in Q1-FY26, or $(0.01) per basic and diluted share, and a $(0.7) million loss in ...