SEDAR Interim Financial Statements

WATER WAYS TECHNOLOGIES INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2025 (UNAUDITED) WATER WAYS TECHNOLOGIES INC. TABLE OF CONTENTS Page Notice to Shareholders 2 Unaudited Condensed Interim Consolidated Statements of Financial Position 3 Unaudited Condensed Interim Consolidated Statements of Comprehensive Income 4 Unaudited Condensed Interim Consolidated Statements of Changes in shareholders' equity 5-6 Unaudited Condensed Interim Consolidated Statements of Cash Flows 7-8 Notes to Unaudited Condensed Interim Consolidated Financial Statements 9-22 _______________________ ________________ ____________ NOTICE TO SHAREHOLDERS The accompanying unaudited condensed consolidated interim financial statements of WATER WAYS TECHNOLOGIES INC. for the nine months ended September 30, 2025, have been prepared by management in accordance with International Financial Reporting Standards applicable to consolidated interim financial statements (Note 2). Recognizing that the Company is responsible for both the integrity and objectivity of the unaudited condensed consolidated interim financial statements, management is satisfied that these unaudited condensed consolidated interim financial statements have been fairly presented. Under National Instrument 51-102, part 4, sub-section 4.3 (3) (a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor. The Company's independent auditor has not performed a review of these unaudited condensed consolidated interim financial statements in accordance with standards established by the Institute of Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor. WATER WAYS TECHNOLOGIES INC. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (US Dollar in thousands) 3 Note September 30, 2025 December 31, 2024 CURRENT ASSETS: Cash and cash equivalents 51 21 Restricted Cash 151 104 Trade accounts receivable, net 71 4 Other accounts receivable 19 73 Inventory 40 163 Total current assets 332 365 TOTAL ASSETS 332 365 CURRENT LIABILITIES: Short term loans, current portion of long-term loans and line of credit 1,309 999 Trade accounts payable 2,136 2,063 Convertible debenture 52 50 Other accounts payable 1,185 996 Total current liabilities 4,682 4,108 NON-CURRENT LIABILITIES: Long-term loans 861 861 Share issuance liability 6 - 700 Derivative - warrants 3 * * Total non-current liabilities 861 1,561 SHAREHOLDERS' DEFICIT: 3 Share capital * * Additional paid in capital 7,540 7,540 Reserves 188 188 Retained deficit (12,669) (12,757) Water Ways Technologies Inc shareholders' deficit (4,941) (5,029) Non-controlling interest (270) (275) Total shareholders' equity (5,211) (5,304) TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT 322 365 * Represent an amount lower than 1 thousand. The accompanying notes are an integral part of the condensed interim consolidated financial statements November 26, 2025 Date of approval Ohad Haber Asi Levi CEO & Executive Director CFO WATER WAYS TECHNOLOGIES INC. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (US Dollars in thousands, except for share and per share amounts) 4 Basic profit (loss) per share attributable to shareholders: (0.0009) (0.0081) 0.0006 (0.0103) Weighted average number of common shares outstandin --- g: 148,785,345 148,785,345 148,785,345 148,785,345 Diluted profit (loss) per share attributable to shareholders: (0.0009) (0.0081) 0.0006 (0.0103) Weighted average number of common shares outstanding: 148,785,345 148,785,345 155,101,224 148,785,345 The accompanying notes are an integral part of the condensed interim consolidated financial statements For the three months period ended September 30 For the nine months period ended September 30 Note 2025 2024 2025 2024 Unaudited Unaudited Unaudited Unaudited Revenues: 6 Services - 227 - 468 Products 67 299 315 2,680 Total revenues 67 526 315 3,148 Cost of revenues: Services - 158 - 327 Products 31 807 145 2,773 Total cost of revenues 31 965 145 3,100 Gross profit 36 (439) 170 48 Sales and marketing expenses 9 133 70 390 Expected credit loss - 450 - 450 General and administrative expenses 94 168 299 760 Operating loss (67) (1,190) (199) (1,552) Other income 6 - - 700 - Finance expenses (88) (96) (377) (189) Finance income - - - - Revaluation of derivatives (2) 75 (2) 211 Profit (loss) before taxes on income (157) (1,211) 122 (1,530) Tax on income (recovery) - - - 8 Profit (loss) for the period (157) (1,211) 122 (1,538) Other comprehensive expense: Item that will not be reclassified to profit or loss: Foreign currency translation differences 16 8 (29) (31) Total other comprehensive loss 16 8 (29) (31) Net comprehensive income (loss) (141) (1,203) 93 (1,569) Profit for the period attributed to: Non-controlling interests - - 5 (5) Water Ways Technologies Inc Shareholders' (157) (1,211) 117 (1,533) Profit (loss) for the period (157) (1,211) 122 (1,538) Total Comprehensive income (loss) for the period attributed to: Non-controlling interests - - 5 (5) Water Ways Technologies Inc Shareholders ' (141) (1,203) 88 (1,564) Net comprehensive income (loss) (141) (1,203) 93 (1,569) WATER WAYS TECHNOLOGIES INC. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited, US Dollars in thousands, except for share and per share amounts) 5 For the nine months period ended September 30, 2025: *Represent an amount lower than 1 thousand The accompanying notes are an integral part of the condensed interim consolidated financial statements Number of Shares Share capital Additional paid-in capital Retained deficit Capital reserve for share-based payment Currency translation adjustment Total Non- controlling interests Total Shareholders' deficit Balance at January 1, 2025 148,785,345 * 7,540 (12,757) 203 (15) (5,029) (275) (5,304) Net income - - - 117 - - 117 5 122 Other comprehensive loss: Exchange differences on translating foreign operation - - - (29) - - (29) - (29) Balance at September 30, 2025 148,785,345 * 7,540 (12,669) 203 (15) (4,941) (270) (5,211) WATER WAYS TECHNOLOGIES INC. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited, US Dollar in thousands) 6 For the nine months period ended September 30, 2024: *Represent an amount lower than 1 thousand The accompanying notes are an integral part of the condensed interim consolidated financial statements Number of Shares Share capital Additional paid-in capital Retained deficit Capital reserve for share-based payment Currency translation adjustment Total Non- controlling interests Total Shareholders' equity Balance at January 1, 2024 148,785,345 * 7,540 (9,022) 203 (16) (1,295) (330) (1,625) Net income - - - (1,533) - - (1,533) (5) (1,538) Other comprehensive loss: Exchange differences on translat --- ing foreign operation - - - - - (31) (31) - (31) Balance at September 30, 2024 148,785,345 * 7,520 (10,555) 203 (47) (2,859) (335) (3,194) WATER WAYS TECHNOLOGIES INC. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, US Dollars in thousands) 7 For the nine months period ended September 30, 2025 For the nine months period ended September 30, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) for the period 122 (1,538) Adjustments to reconcile net profit to net cash provided by operating activities: Depreciation and amortization - 105 Financial expenses 188 34 Change in trade accounts receivable, net (67) 446 Change in other accounts receivable 54 210 Loss from sale of fixed assets - 12 Decrease in project advance payments - 83 Decrease in share issuance liability (700) - Change in inventory 123 910 Change in trade accounts payable 73 (137) Change in other accounts payable 189 (122) Change in fair value of derivative 2 (201) Net cash used in operating activities (16) (198) CASH FLOWS FROM INVESTING ACTIVITIES: Increase in restricted cash (47) - Sale of property, plant and equipment, net - 102 Net cash generated from investing activities (47) 102 CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of bank loans - (1,157) Receipt of loans 28 1,265 Line of credit 65 (159) Lease payments - (29) Net cash provided by (used in) financing activities 93 (80) Effect of foreign exchange rate on cash - (18) Increase (decrease) in cash and cash equivalents 30 (194) Cash and cash equivalents at beginning of the period 21 199 Cash and cash equivalents at the end of the period 51 5 The accompanying notes are an integral part of the condensed interim consolidated financial statements. WATER WAYS TECHNOLOGIES INC. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - APPENDICES (US Dollar in thousands) 8 APPENDIX A - AMOUNT PAID DURING THE PERIOD FOR: For the nine months period ended September 30 2025 2024 Loan Interest - 75 Convertible debenture interest 1 30 The accompanying notes are an integral part of the condensed interim consolidated financial statements WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollars in thousands) 9 NOTE 1 – GENERAL: A. Water Ways Technologies Inc. ("Water Ways", "WWT" or the "Company") was incorporated under the Business Corporations Act (Ontario) on April 20, 2007 and was classified as a Capital Pool Corporation as defined by TSX Venture Exchange ("TSX-V" or "Exchange") Policy 2.4. Water Ways Technologies Inc. is the parent company of Irri-Al-Tal Ltd. ("Irri-Al-Tal" or "IAT"), Heartnut Grove WWT Inc. ("HGWWT"), Zoryan Trade S.A. ("Zoryan") and Maravey Corporation S.A. ("Maravey"), and indirectly through Irri-Al-Tal of H.D.P Irrigation Ltd. ("H.D.P") and IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd. ("IRRI-AL TAL (Shanghai)" or "IAT Shanghai"). The Company’s registered address is 77 King Street West, Suite 2905, Toronto, Ontario, M5K 1H1. B. On October 1, 2024, the Company announced that it is focusing on the Canadian market in an effort to streamline operations by reducing fixed and variable costs, and that it has filed an application to cease the operations of the Israel subsidiary Irri-Al-Tal Ltd. with the local Israeli courts (the “Application”). The filing of the Application has been approved by the directors of the Company. C. The accompanying condensed consolidated financial statements have been prepared assuming that the Com --- pany will continue as a going concern. The Company has incurred recurring losses and negative cash flows from operating activities in the nine months period ended September 30, 2025, such that as of September 30, 2025, the Company had accumulated losses of $12,669. In addition, the Company generated negative cash flows from operating activities of $16 thousand and a net profit in the amount of $122 for the nine months period ended September 30, 2025. As of the date of the issuance of these financial statements, the Company has not yet commenced generating sufficient revenues to fund its operations and therefore depends on fundraising from new and existing investors to finance its activities. We also draw attention to Note 1B to the consolidated financial statements, which discloses that a subsidiary of the Company has filed a request with the district court of Nazareth, Israel to open proceedings in accordance with the Insolvency and Economic Rehabilitation Law (2018). These events and conditions, along with other matters as set forth in Notes 1B, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. Considering the above, the Company’s dependency on external funding for its operations indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The condensed consolidated financial statements for the nine months period ended September 30, 2025, do not include any adjustments that might result from the outcome of these uncertainties. D. On October 7, 2023, the Israeli government declared a state of war due to the terror attack that was launched on the State of Israel on that day, and which still continues. At the same time, the Hezbollah organization has since been carrying out missile and rocket attacks on various areas in Israel’s northern regions, targeting both military and civilian locations (“the war”). The war has led to various consequences and restrictions on the Israeli economy, including, among other things, an extensive mobilization of reserves, the evacuation of many settlements, both in the area bordering the Gaza strip and near the northern border, as well as taking actions for maintaining public safety and security, such as, among other things, imposing restrictions on gatherings, depending on the proximity thereof to the combat zones, including at workplaces and in the education system. Taking such actions caused a decline and a slowdown in the activity of the Israeli economy. E. To the Company’s estimation, as of September 30, 2025, the war had no material effect on the Company’s financial situation and on the results of the Company’s activities. In addition, in October 2025, a ceasefire was brokered between Israel and Hamas. However, we cannot predict if and to what extent this ceasefire will remain in effect or upheld. A broader regional conflict involving additional state and non-state actors remains a significant risk. Iran is also believed to have a strong influence among extremist groups in the region, such as Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen and various rebel militia groups in Syria and Iraq. See also note 1B. These Condensed Interim Consolidated financial statements were authorized for issue by the Board of Directors on November 26, 2025. WATER WAYS TECHNOLOGIES INC. NOTES TO THE COND --- ENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 10 NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: These consolidated interim financial statements, including comparatives, have been prepared in accordance with International Accounting Standards ("IAS") 34, "Interim Financial Reporting" using accounting policies consistent with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and Interpretations issued by the International Financial Reporting Interpretations Committee ("IFRIC"). The financials were prepared based on the same accounting policy as the annual financials. These condensed interim financial statements should be read in conjunction with the Company's annual financial statements for the year ending December 31, 2024. Certain disclosures that are required to be included in annual financial statements prepared in accordance with IFRS are not included in these condensed consolidated interim financial statements as signed on November 26, 2025. Basis of consolidation Where the Company has control over an investee, it is classified as a subsidiary. The Company controls an investee if all three of the following elements are present: power over the investee, exposure to variable returns from the investee, and the ability of the investor to use its power to affect those variable returns. Control is reassessed whenever facts and circumstances indicate that there may be a change in any of these elements of control. De-facto control exists in situations where the Company has the practical ability to direct the relevant activities of the investee without holding the majority of the voting rights. In determining whether de-facto control exists the Company considers all relevant facts and circumstances, including: • The size of the Company’s voting rights relative to both the size and dispersion of other parties who hold voting rights. • Substantive potential voting rights held by the Company and by other parties. • Other contractual arrangements. • Historic patterns in voting attendance. The consolidated financial statements present the results of WWT and its subsidiaries as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollars in thousands) 17 NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES (CONT.): Business Combination The condensed interim consolidated financial statements of the Company include the accounts of the Company and the following subsidiaries: (*) Company in liquidation (**) Inactive company upd Entity Name Jurisdiction of Incorporation Percentage of WWT Ownership (Direct and Indirect) • Water Ways Technologies Inc. Canada Parent Company • Irri-Al-Tal Ltd. ("Irri-Al- Tal" or "IAT")(*) Israel 100% • Heartnut Grove WWT Inc. (“HGWWT”) Canada 100% • H.D.P Irrigation Ltd. (**) Israel 73% • IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd. ("IRRI-AL TAL (Shanghai)" or "IAT Shanghai") (**) People's Republic of China 73% • Maravey Corporation S.A. (**) (“Maravey”) (*) Uruguay 52% • Zoryan Trade S.A. (“Zoryan”) (**) Uruguay 52% WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 18 NOTE 3 – SHAREHOLDERS' EQUITY: Common Shares confer upon their holders the right to receive notice, to participate and vote --- in general meetings of the Company and the right to receive dividends, if and when declared. Shares, Warrants, Finder Warrants, Options and Convertible Debentures Outstanding as of September 30, 2025: Security Number Outstanding Exercise Price in CAD$ Expiry Date Ordinary shares 148,785,345 - Participant Options 1,410,000 0.195 29/8/2026 Warrant – Series B 1,207,500 0.20 3/3/2026 Finder Warrant - Series B 193,200 0.13 3/3/2026 Convertible Debentures - Series B 382,500 0.24 3/3/2026 CD Warrant - Series B 191,250 0.30 3/3/2026 Total securities 152,169,795 WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 11 NOTE 3 – SHAREHOLDERS' EQUITY (CONT.): B. Convertible Debentures 1. The convertible debentures, as well as the warrants (all issued in prior periods) were classified as a derivative financial liability and its fair value measurement was applied using a binomial model, based on the Cox, Ross Rubinstein (1979) method, is based on significant unobservable inputs and thus represents a level 3 measurement within the fair value hierarchy (see Note 2 in the Audited Annual Financial Statements). 2. The following table reflects the fair value composition of the Convertible Debenture: Balance – December 31, 2024 50 Receipts of Convertible Debenture securities - Fair value revaluation 2 Balance – September 30, 2025 52 3. The aggregate principal amount and interest owing to the convertible debenture holders as of September 30, 2025 and December 31, 2024 is $664 and $674, respectively. C. Warrants, Compensation Warrants and Stock Options 1. Options and shares granted to employees, directors and service providers: A summary of the status of the Company's option plan granted to employees and directors as of September 30, 2025, and changes during the relevant period ended on that date is presented below: For the nine months period ended September 30, 2025 Year ended December 31, 2024 Number of options Weighted average exercise price Number of options Weighted average exercise price Outstanding at beginning of year 2,210,000 CAD$0.15 5,583,527 CAD$0.11 Granted - - - - Exercised - - - - Forfeited and cancelled 800,000 CAD$0.06 (3,373,527) CAD$0.25 Outstanding at end of the period 1,410,000 CAD$0.195 2,210,000 CAD$0.15 Exercisable options 1,410,000 CAD$0.195 2,210,000 CAD$0.15 WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 18 NOTE 3 – SHAREHOLDERS' DEFICIT (CONT.): C. Warrants, Compensation Warrants and Stock Options (cont.) 1. Options and shares granted to employees, directors and service providers (cont.): The options to employees and directors outstanding as of September 30, 2025, are comprised, as follows: Exercise price Outstanding as of September 30, 2025 Weighted average remaining contractual term Exercisable as of September 30, 2025 Weighted average remaining contractual term (years) (years) CAD$0.195 1,410,000 1.16 1,410,000 1.16 1,410,000 1,410,000 2. Derivative liability - Warrants: In accordance with IAS 32, since the exercise prices of previously issued warrants and convertible debentures (all collectively, the "Derivative Liability Warrants") issued are not a fixed amount as they are denominated in a currency (Canadian dollar) other than the Company’s functional currency (U.S. dollar), the Derivative Liability Warrants are accounted for as a derivative financial liability. Each warrant liability is ini --- tially measured at fair value and subsequent changes in fair value are recorded through the Net and Comprehensive Profit for the period. The fair value of the Derivative Liability Warrants was determined initially using a comparable warrant quoted in an active market, adjusted for differences in the terms of the warrant. The Derivative Liability Warrants were categorized as level 3 (see Note 2 to the Audited Financial Statements - Fair value measurement). As of September 30, 2025, the Derivative Liability Warrants fair value measurement was less than $1. WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 11 NOTE 3 – SHAREHOLDERS' DEFICIT (CONT.): C. Warrants, Compensation Warrants and Stock Options (cont.) 2. Derivative liability – Warrants (cont.): The following table reflects the continuity of the Derivative Liability Warrants for the periods presented: Warrant activity Exercisable as of September 30, 2025 Weighted average exercise price in CAD$ Balance – Beginning of Period 3,753,979 0.34 Expired during the period (2,162,029) 0.45 Balance – End of Period 1,591,950 0.14 Warrant activity Exercisable on December 31, 2024 Weighted average exercise price in CAD$ Balance – Beginning of Period 41,745,098 Expired during the period (37,991,119) 0.18 Balance – End of Period 3,753,979 0.34 The following table reflects the fair value composition of Derivative Liability Warrants: Balance – December 31, 2024 $ * Issuance of Series B Warrants - Issuance of Series B Broker Warrants - Issuance of Series B CD Warrants - Issuance of Series B CD Broker Warrants - Fair value revaluation - Balance – September 30, 2025 $ * * Represent an amount lower than 1 thousand. The warrants were classified as a derivative financial liability and its fair value measurement was applied using a binomial model, based on the Cox, Ross Rubinstein (1979) method, is based on significant unobservable inputs and thus represents a level 3 measurement within the fair value hierarchy (see Note 2 in the Audited Financial Statements). WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 18 NOTE 4 – SEGMENT REPORTING: The Company identifies Mr. Haber, who is the Company's CEO and principal shareholder, as its Chief Operating Decision Maker ("CODM"). As the Company's CODM, Mr. Haber receives information on a segregated basis (for review on a regular basis) of each business unit, i.e., projects (services) and products (components) as well as information segregated for geographical areas. The financial statements present within statements of comprehensive income the revenues from each segment on a standalone basis as well as gross profit of each segment. The information presented in the consolidated financial statements is essentially the same information provided to the CODM and the same information regarding decisions about allocating resources. The Company accounts for its segment information in accordance with IFRS 8 "Segment Reporting" which establishes annual and interim reporting standards for operating segments of a company based on the Company's internal accounting methods. Operating segments are based upon its internal organization structure, the way the Company's operations are managed and the availability of separate financial information. Summarized financial information by segment, based on the Company's internal financial reporting system --- utilized by the Company's CODM, as follows: WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollars in thousands) 19 NOTE 4 – SEGMENT REPORTING (CONT.): For the three months period ended September 30, 2025: HGWWT IAT(*) IAT(*) HGWWT IAT Shanghai(**) Water Ways Company Total Products Project Services Revenues External 67 - - - - - 67 Inter-segment - - - - - - - Total 67 - - - - - 67 Cost of revenues External (31) - - - - - (31) Inter-segment - - - - - - - Total (31) - - - - - (31) Segment gross profit 36 - - - - - 36 Non-allocated: Expenses (103) Finance expenses, net (90) Loss before provision for income taxes (157) WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 20 NOTE 4 – SEGMENT REPORTING (CONT.): For the nine months period ended September 30, 2025: HGWWT IAT(*) IAT(*) HGWWT IAT Shanghai(**) Water Ways Company Total Products Project Services Revenues External 274 41 - - - - 315 Inter-segment - - - - - - - Total 274 41 - - - - 315 Cost of revenues External (104) (41) - - - - (145) Inter-segment - - - - - - - Total (104) (41) - - - - (145) Segment gross profit 170 - - - - - 170 Non-allocated: Expenses (369) Other income 700 Finance expenses, net (379) Profit before provision for income taxes 122 WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 21 NOTE 4 – SEGMENT REPORTING (CONT.): For the three months period ended September 30, 2024: HGWWT IAT (*) IAT (*) HGWWT IAT Shanghai(**) Water Ways Company Total Products Project Services Revenues External 299 - - 227 - 526 Inter-segment - - - - - - Total 299 - - 227 - 526 Cost of revenues External (357) (450) - (158) - - (965) Inter-segment - - - - - - - Total (357) (450) - (158) - - (965) Segment gross profit (loss) (58) (450) - 69 - (439) Non-allocated: Expenses (751) Finance expenses, net (21) Loss before provision for income taxes (1,211) WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 20 NOTE 4 – SEGMENT REPORTING (CONT.): For the nine months period ended September 30, 2024: HGWWT IAT (*) IAT (*) HGWWT IAT Shanghai(**) Water Ways Company Total Products Project Services Revenues External 2,466 214 - 468 - 3,148 Inter-segment - 195 - - - 195 Total 2,466 409 - 468 - 2,343 Cost of revenues External (2,118) (655) - (327) - - (3,100) Inter-segment (195) - - - - - (195) Total (2,313) (655) - (327) - - (3,295) Segment gross profit 348 (441) - 141 - - 48 Non-allocated: Expenses (1,600) Finance expenses, net 22 Loss before provision for income taxes (1,530) WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollar in thousands) 21 NOTE 4 – SEGMENT REPORTING (CONT.): Non-current assets as of September 30, 2025: HGWWT IAT(*) IAT Shanghai(**) Water Ways Company Total Other accounts receivable - - - - - Intangible assets - - - - - Goodwill - - - - - Property, plant and equipment, net (including ROU asset) - - - - - Non-current assets as of September 30, 2024: HGWWT IAT IAT Shanghai Water Ways Company Total Other accounts receivable - 108 - - 108 Intangible assets 18 117 - - 135 Goodwill 129 - - - 129 Property, plant and equipment, net (including ROU asset) 46 85 - - 131 WATER WAYS TECHNOLOGIES INC. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (US Dollars in thousands) 22 NOTE 6 – --- REVENUES: 1. Geographic Areas Information: The following present total revenues for the nine months period ended September 30, 2025 and 2024: For the nine months period ended September 30 2025 2024 North America 274 2,934 South and Central America - 144 Africa - 47 Europe - 22 Israel 41 1 Other - - Total revenues 315 3,148 2. Principal Customers: Major customers of the Company's revenues: For the nine months period ended September 30 2025 2024 Customer A 35% 19% Customer B 17% 13% Customer C 12% 3% NOTE 6 – OTHER INCOME: On October 2, 2020, the Company signed the final agreement (“Final Agreement”) with its Chinese agent (the Agent”), to establish IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd. (“IAT Shanghai”) in which WWT will indirectly hold 73% of the equity interest and the Agent and the Additional Holders will together hold a 27% equity interest. According to the Final Agreement, the Company purchased certain assets including the Agents' and the Additional Holders' customer base and goodwill for total $1,750, comprised of $1,050 liability to issue shares and contingent liability consideration of $700 payable as follow: (i) $700 in cash will be paid to the Agent out of the Company's profit in IAT Shanghai by 5 annual installments starting 1 year after opening the company. The cash contingent liability is subject to two : • gross margin of 35% from IAT Shanghai projects and; • IAT (Shanghai) will be profitable. Using an independent third-party, the Company used the weighted average cost of capital in order to determine the fair value of the discounted cash consideration over a period of 6 years with amortization rate of 17%, amounting to $365 and (ii) $700 in WWT shares at a price of CAD$0.25 ("Target Price") will be paid to the Agent over a period of 5 years. If share price does not reach Target Price within 5 years, the company will issue the Agent shares in the amount equivalent to $700. As of December 31, 2024, IAT Shanghai has not reached a gross margin of 35% and has not been profitable. As a result, the Company has recognized income in the amount of $365 as a result of write-off of the contingent liability in the same amount. On January 27, 2025, the Company and the Agent reached a mutual release agreement with the Agent, according to which to which the Agent waives the payment of $700 in WWT shares. As a result, the Company recognized income in the amount of $700 as a result of write-off of the share issuance liability in the same amount.