SEDAR Interim Financial Statements

SQID Technologies Limited ABN 44 121 655 472 Condensed Interim Financial Report (Unaudited) for the three month period ended - 31 March 2026 SQID Technologies Limited Corporate directory 31 March 2026 1 Directors Athan Lekkas Michael Clarke Andrew Sterling Company secretary Mark Pryn Registered office Level 14 440 Collins Street Melbourne VIC 3000 Principal place of business Level 14 440 Collins Street Melbourne VIC 3000 Auditor Stannards Audit Pty Ltd 60 Toorak Road South Yarra VIC 3141 Website sqidtechnologies.com Stock exchange listing: Canadian Securities Exchange (CSE:SQID) SQID Technologies Limited Contents 31 March 2026 2 Statement of financial position 3 Statement of profit or loss and other comprehensive income 4 Statement of changes in equity 5 Statement of cash flows 6 Notes to the financial statements 7 General information The financial statements cover SQID Technologies Limited as a stand alone entity. The financial statements are presented in Australian dollars, which is SQID Technologies Limited's functional and presentation currency. SQID Technologies Limited is a public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is: Level 14 440 Collins Street Melbourne VIC 3000 The financial statements were authorised for issue, in accordance with a resolution of Directors. The Directors have the power to amend and reissue the financial statements. SQID Technologies Limited Statement of financial position As at 31 March 2026 Note 31 Mar 2026 31 Dec 2025 $ $ The above statement of financial position should be read in conjunction with the accompanying notes 3 Assets Current assets Cash and cash equivalents 55,706 63,903 Receivables 19,120 17,005 Other current assets 1,108 1,108 Total current assets 75,934 82,016 Total assets 75,934 82,016 Liabilities Current liabilities Trade and other payables 36,514 37,346 Total current liabilities 36,514 37,346 Total liabilities 36,514 37,346 Net assets 39,420 44,670 Equity Issued capital 4 8,863,525 8,863,525 Accumulated losses (8,824,105) (8,818,855) Total equity 39,420 44,670 Approved by: "Athan Lekkas" Director Date: 28 April 2026 SQID Technologies Limited Statement of profit or loss and other comprehensive income For the period ended 31 March 2026 Note 31 Mar 2026 31 Mar 2025 $ $ The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 4 Revenue from contracts with customers (Commission) 3 48,668 44,330 Interest income 2 1 Expenses Consultancy expenses (32,071) (30,170) Listing and registry expenses (6,650) (4,255) Non-executive director fees (4,500) (4,500) Professional fees (9,125) (7,500) Other expenses (1,574) (6,351) Total expenses (53,920) (52,776) Loss before income tax expense (5,250) (8,445) Income tax expense - - Loss after income tax expense for the period (5,250) (8,445) Other comprehensive income for the period, net of tax - - Total comprehensive income for the period (5,250) (8,445) Cents Cents Basic earnings per share 6 (0.02) (0.06) Diluted earnings per share 6 (0.02) (0.06) SQID Technologies Limited Statement of changes in equity For the period ended 31 March 2026 The above statement of changes in equity should be read in conjunction with the accompanying notes 5 Issued Retained capital profits Total equity $ $ $ Balance at 1 January 2025 8,824,267 (8,783,214) 41,053 Loss after income tax expense for the period - (8,445) (8,445) Othe --- r comprehensive income for the period, net of tax - - - Total comprehensive income for the period - (8,445) (8,445) Balance at 31 March 2025 8,824,267 (8,791,659) 32,608 Issued Retained capital profits Total equity $ $ $ Balance at 1 January 2026 8,863,525 (8,818,855) 44,670 Loss after income tax expense for the period - (5,250) (5,250) Other comprehensive income for the period, net of tax - - - Total comprehensive income for the period - (5,250) (5,250) Balance at 31 March 2026 8,863,525 (8,824,105) 39,420 SQID Technologies Limited Statement of cash flows For the period ended 31 March 2026 31 Mar 2026 31 Mar 2025 $ $ The above statement of cash flows should be read in conjunction with the accompanying notes 6 Cash flows from operating activities Receipts from customers 46,553 47,622 Payments to suppliers and employees (54,752) (57,380) (8,199) (9,758) Interest received 2 1 Net cash used in operating activities (8,197) (9,757) Net decrease in cash and cash equivalents (8,197) (9,757) Cash and cash equivalents at the beginning of the financial period 63,903 33,394 Cash and cash equivalents at the end of the financial period 55,706 23,637 SQID Technologies Limited Notes to the financial statements 31 March 2026 7 Note 1. Nature and continuance of operations SQID Technologies Limited is incorporated under the Laws of Australia, specifically the Corporations Act 2001. The registered office and principal place of business of SQID Technologies Limited is located at Level 14 440 Collins St Melbourne, Victoria, 3000, Australia. The Company's shares are listed on the Canadian Securities Exchange (CSE:SQID). During the financial period the principal continuing activities of the Company include: ● the provision of merchant services and payment transaction processing solutions customers across both Business to Business (B2B) and Business to Consumer (B2C) segments through its leading partner platform; and ● management of investments held. Note 2. Material accounting policy information These general purpose financial statements for the interim half-year reporting period ended 31 March 2026 have been prepared in accordance with Australian Accounting Standard AASB 134 'Interim Financial Reporting' and the Corporations Act 2001, as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'. These general purpose financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for the year ended 31 December 2025. The principal accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, unless otherwise stated. New or amended Accounting Standards and Interpretations adopted The Company has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. There were no new mandatory Accounting Standards and Interpretations adopted during the reporting period that had a material impact. There are a number of new accounting standards, interpretations and amendments that have been issued but are not yet effective. None of these new accounting standards, interpretations and amendments are expected to have a material imp --- act on the financial statements in the period of initial application. The Company has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective. Going concern The financial statements have been prepared on a going concern basis. For the period ended 31 March 2026, the Company recorded revenue from contracts with customers of $48,668 (2025: $44,330) incurred a net loss of $5,250 (2025: $8,445) and had operating cash outflows of $8,197 (2025: $9,757). As at 31 March 2026 the Company had a net current assets of $39,420 (31 December 2025: $44,670) and net tangible assets of $39,420 (31 December 2025: $44,670). The Directors have concluded that the going concern basis of accounting is appropriate, noting that based on the operating cashflow projections for a period of 12-months from the date of this report, the Company envisages being able to settle its obligations as and when they fall due. SQID Technologies Limited Notes to the financial statements 31 March 2026 8 Note 3. Revenue from contracts with customers The disaggregation of revenue from contracts with customers is as follows: 31 Mar 2026 31 Mar 2025 $ $ Commission ( recognised at a point in time) 48,668 44,330 Note 4. Issued capital 31 Mar 2026 31 Dec 2025 31 Mar 2026 31 Dec 2025 Shares Shares $ $ Ordinary shares - fully paid 21,616,827 14,416,827 8,863,525 8,863,525 Ordinary share rights Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the Company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the Company does not have a limited amount of authorised capital. Generally, every member present at a meeting in person or by proxy shall have one vote for each share held. Capital management Management controls the capital of the Group in order to ensure that the Group can fund its operations and continue as a going concern. There are no externally imposed capital requirements. Management effectively manages the Group’s capital by assessing the Group's financial risks and adjusting its capital structure in response to changes in these risks and in the market. Note 5. Financial instruments The board of directors has overall responsibility for identifying and managing operational and financial risks. The Company has no exposure to price risk. Credit risk arises from cash and cash equivalents held with banks and financial institutions, as well as customer contract credit exposures to customers. Risk management Credit risk is managed through the maintenance of procedures ensuring to the extent possible that customers and counterparties to transactions are of sound credit worthiness. Such monitoring is used in assessing receivables for impairment. Management maintains a close relationship with its major customer to ensure that contract deliverables are met in a timely manner. Risk is also minimised through holding cash and cash equivalent balances with financial institutions that maintain a high credit rating. Liquidity risk Liquidity risk management requires the Company to maintain sufficient liquid assets (mainly cash and cash equivalents) to be able to pay debts as and when they become due and payable. The Company manages liquidity risk by endeavouring to maintaining adequate cash reserves through continuously monitoring actual and forecast cash flows and matching the maturity profiles of financial assets and liabilities. --- SQID Technologies Limited Notes to the financial statements 31 March 2026 Note 5. Financial instruments (continued) 9 Financing arrangements As at 31 March 2026 there were no unused borrowing facilities available. Remaining contractual maturities The following tables detail the Company's remaining contractual maturity for its financial instrument liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. The remaining contractual liabilities shown in the tables below match the respective carrying amount in the statement of financial position. Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities 31 Mar 2026 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade and other payables - 36,514 - - - 36,514 Total non-derivatives 36,514 - - - 36,514 Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities 31 Dec 2025 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade and other payables - 37,346 - - - 37,346 Total non-derivatives 37,346 - - - 37,346 Fair value of financial instruments Unless otherwise stated, the carrying amounts of financial instruments reflect their fair value. Note 6. Earnings per share 31 Mar 2026 31 Mar 2025 $ $ Earnings per share for loss from continuing operations Loss after income tax (5,250) (8,445) Cents Cents Basic earnings per share (0.02) (0.06) Diluted earnings per share (0.02) (0.06) 31 Mar 2026 31 Mar 2025 $ $ Loss after income tax (5,250) (8,445) Cents Cents Basic earnings per share (0.02) (0.06) Diluted earnings per share (0.02) (0.06) SQID Technologies Limited Notes to the financial statements 31 March 2026 Note 6. Earnings per share (continued) 10 Number Number Weighted average number of ordinary shares used in calculating basic earnings per share 21,616,827 14,416,827 Weighted average number of ordinary shares used in calculating diluted earnings per share 21,616,827 14,416,827 Note 7. Events after the reporting period No matter or circumstance has arisen since 31 March 2026 that has significantly affected, or may significantly affect the Company's operations, the results of those operations, or the Company's state of affairs in future financial years.