TrustBIX Inc. Announces December 31, 2025 First Quarter Financial Results

Rhea-AI Summary

TrustBIX (OTC:TBIXF) reported first quarter results for the period ended December 31, 2025. Continuing operations produced a net loss of $104,214, improving 36.3% year-over-year. Operating expenses fell to $101,411 (down 23.3%), and cash used in operations declined to $20,572 (down 53.0%).

The company classified ViewTrak Technologies as a discontinued operation; discontinued operations generated $166,555 net income versus a prior-period loss. The company filed its Q1 financials and MD&A on SEDAR+ on February 27, 2026.

Positive

• Net loss improved 36.3% to $104,214
• Operating expenses down 23.3% to $101,411
• Cash used in operations reduced 53.0% to $20,572
• Discontinued operations produced $166,555 net income

Negative

• Continuing operations still report a net loss of $104,214
• ViewTrak reclassified as discontinued operation (structural change)

Edmonton, Alberta--(Newsfile Corp. - February 27, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the first quarter ended December 31, 2025, and the related Management's Discussion and Analysis ("MD&A").

For the three months ended December 31, 2025, compared to the same period in 2024, the Company reported results from continuing operations of:

• Net loss and comprehensive loss of $104,214, improved by $59,265 (36.3%) from $163,479 in Q1 2025;
• Operating expenses of $101,411, improved $30,783 (23.3%) from $132,194 in Q1 2025; and
• Cash used in operating activities of $20,572, improved $23,230 (53.01%) from $43,802 in Q1 2025.

During the three months ended December 31, 2025, the Company classified its ViewTrak Technologies Inc. ("ViewTrak") segment as a discontinued operation, and the comparative figures have been re-presented to show the discontinued operation separately from continuing operations. Net income and comprehensive income from discontinued operations was $166,555, as compared to a net loss and comprehensive loss from discontinued operations of $22,754 in Q1 2025.

"TrustBIX continues to make changes including focusing on controlling costs and strengthening our operations. The recently announced Letters of Intent on February 10, 2026, and February 24, 2026, mark an important step in supporting our Alberta Food Security Inc. business to expand its capabilities in serving agricultural businesses and are expected to help drive future growth," said Hubert Lau, Chief Executive Officer of TrustBIX.

The Company's financial results for the first quarter ended December 31, 2025, and the related MD&A, have been filed and are available on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca.

About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices.

www.TrustBIX.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION CONTACT:

Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com

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 of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285718

FAQ

What were TrustBIX (TBIXF) results for the quarter ended December 31, 2025?

TrustBIX reported a continuing-operations net loss of $104,214 for Q1 2026. According to the company, operating expenses were $101,411 and cash used in operations was $20,572, each showing material year-over-year improvements.

How did TrustBIX's operating expenses change in Q1 ended December 31, 2025?

Operating expenses decreased to $101,411, a 23.3% improvement year-over-year. According to the company, the reduction reflects cost-control measures aimed at strengthening ongoing operations and improving cash flow.

What does the ViewTrak discontinued classification mean for TrustBIX (TBIXF)?

TrustBIX classified ViewTrak as a discontinued operation for the quarter ended December 31, 2025. According to the company, discontinued operations produced $166,555 net income, and comparative figures were re-presented accordingly.

How much cash did TrustBIX use in operating activities in Q1 (Dec 31, 2025)?

Cash used in operating activities was $20,572 for the three months ended December 31, 2025. According to the company, this represents a 53.0% improvement versus the comparable period in 2024.

Where can investors find TrustBIX (TBIXF) Q1 2026 financials and MD&A?

The company's first quarter financial statements and MD&A for the period ended December 31, 2025 are filed on SEDAR+. According to the company, the filings were made available on SEDAR+ on February 27, 2026.