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 North
America’s leader in cooking fire prevention technology and
products reports its audited 2025
financial results
for the year ended September 30, 2025.
Pioneering’s audited annual financial statements and
MD&A are available on SEDAR+ (www.sedarplus.ca)

Financial Highlights:

• Revenuein fiscal year 2025 was $2,602,979
  versus$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 of
  16% 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 those
    activities that were expected to contribute directly to future sales
    and 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 2025
  vs.alossof($952,556) in fiscal 2024. 

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

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

Selected Financial Results – Past
Four Fiscal Years Ended September 30:

 ¹ Adjusted EBITDA are non-IFRS measures and may
not be comparable to similar financial measures   disclosed by other
issuers. Please refer to “Non-IFRS Measures” at end of this press release.

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

##

About Pioneering Technology
Corp: Pioneering, based in Mississauga, Ontario is an
“energy smart” technology company and North America’s
leader in innovative cooking fire prevention technologies and
products. Our mission is simple: To help protect
people and property from the number one cause of household fire –
cooking fires. We do this by engineering and bringing to market
energy-smart solutions that make consumer appliances safer, smarter,
and more efficient. Our patented cooking-fire prevention products
address the multi-billion-dollar problem of cooking fires. According
to the National Fire Protection Association, stovetop cooking is the
number 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-residential
housing units across North America without a single cooking fire,
delivering peace of mind and a solid return on investment for its
customers. Pioneering’s proprietary cooking fire prevention
solutions include SmartElement, SmartBurner, SmartRange, SmartMicro,
and are suitable for the majority of the more than 140 million
stoves/ranges and over 140 million microwave ovens in use throughout
North 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 and
uncertainties. These statements relate to future events or future
performance and reflect management’s current expectations and assumptions. A number of factors
could cause actual events, performance or results to differ materially from the events, performance and results
discussed in the forward-looking statements, such as the economy, generally, competition in Pioneering’s target
markets, the demand for Pioneering’s products, the availability of funding and the efficacy of Pioneering’s technology and governmental
regulation and the impact of US tariffs .
These forward- looking statements are made as of the date hereof and,
except as required by applicable law, Pioneering
does not assume any obligation to update or revise them to reflect
new events or circumstances. Actual events or
results could differ materially from Pioneering’s expectations
and projections.

Non-IFRS Measures

Adjusted EBITDA is
a 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 as
reported 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, impairment
losses, stock-based compensation, restructuring costs included in general and administration expense, fair value
movement – derivative liability and other non-recurring gains or losses including transaction costs related to acquisition. Management
believes Adjusted EBITDA is a useful measure that facilitates period-to-period operating comparisons. Adjusted
EBITDA does not have
any standard meanings prescribed by IFRS and therefore, may not be
comparable to similar measures presented by other issuers. Readers are
cautioned that Adjusted EBITDA is not
an alternative to
measures determined in accordance with IFRS and should not, on its own, be construed as indicators of
performance, cash flow or profitability. References to Pioneering’s
Adjusted EBITDA should be read in conjunction
with the financial statements and management’s discussion and
analysis 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’s
discussion and analysis.

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

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