SEDAR Interim Financial Statements

FIRSTSERVICE CORPORATION INTERIM CONSOLIDATED FINANCIAL STATEMENTS First Quarter March 31, 2026 Page 2 of 15 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS The interim consolidated financial statements of FirstService Corporation, which include the interim consolidated balance sheet as at March 31, 2026 and the interim consolidated statements of earnings, comprehensive earnings, shareholders’ equity and cash flows for the three month periods ended March 31, 2026 and 2025 are the responsibility of management. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and, where appropriate, reflect estimates based on the best judgment of management. These interim consolidated financial statements have not been audited or reviewed on behalf of the shareholders by the independent external auditors of the Company, PricewaterhouseCoopers LLP. /s/ Scott Patterson /s/ Jeremy Rakusin Scott Patterson Jeremy Rakusin CEO CFO May 1, 2026 Page 3 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) (in thousands of US dollars, except per share amounts) - in accordance with accounting principles generally accepted in the United States of America Three months ended March 31 2026 2025 Revenues (note 4) $ 1,317,087 $ 1,250,826 Cost of revenues 886,433 841,468 Selling, general and administrative expenses 334,428 313,691 Depreciation 28,005 25,659 Amortization of intangible assets 20,061 18,517 Acquisition-related items 1,498 12,233 Operating earnings 46,662 39,258 Interest expense, net 15,275 19,264 Other income, net (981) (86) Earnings before income tax 32,368 20,080 Income tax expense (note 8) 8,745 6,000 Net earnings 23,623 14,080 Non-controlling interest share of earnings (note 11) 3,290 1,243 Non-controlling interest redemption increment (note 11) 344 10,034 Net earnings attributable to Company $ 19,989 $ 2,803 Net earnings per share (note 12) Basic $ 0.44 $ 0.06 Diluted 0.44 0.06 The accompanying notes are an integral part of these financial statements. Page 4 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) (in thousands of US dollars) - in accordance with accounting principles generally accepted in the United States of America Three months ended March 31 2026 2025 Net earnings $ 23,623 $ 14,080 Foreign currency translation loss (1,475) (16) Comprehensive earnings 22,148 14,064 Less: Comprehensive earnings attributable to non-controlling shareholders 3,634 11,277 Comprehensive earnings attributable to Company $ 18,514 $ 2,787 The accompanying notes are an integral part of these financial statements. Page 5 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands of US dollars) - in accordance with accounting principles generally accepted in the United States of America March 31, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 191,419 $ 154,425 Restricted cash 21,861 25,665 Accounts receivable, net of allowance of $28,222 (December 31, 2025 - $27,334) 879,639 922,106 Income tax recoverable 17,843 22,112 Inventories (note 7) 291,823 274,243 Prepaid expenses and other current assets 107,121 105,229 1,509,706 1,503,780 Other receivables 4,351 4,720 Other assets 23,971 24,754 Deferred income tax 5,047 4,979 Fixed assets 289,751 289,718 Operating lease right-of-use assets (note 6) 278,682 269,573 Intangible assets 671,117 684,739 Goodwill 1,509, --- 886 1,501,450 2,782,805 2,779,933 $ 4,292,511 $ 4,283,713 Liabilities and shareholders' equity Current liabilities Accounts payable $ 174,180 $ 158,511 Accrued liabilities 368,499 388,554 Income tax payable 10,293 12,720 Unearned revenues 212,129 209,226 Operating lease liabilities - current (note 6) 59,348 59,113 Long-term debt - current (note 9) 13,490 13,649 Contingent acquisition consideration - current (note 10) 28,697 40,377 866,636 882,150 Long-term debt - non-current (note 9) 1,042,187 1,069,027 Operating lease liabilities - non-current (note 6) 251,284 242,593 Contingent acquisition consideration (note 10) 6,607 6,575 Unearned revenues 24,847 25,523 Other liabilities 89,762 92,664 Deferred income tax 104,620 102,991 1,519,307 1,539,373 Redeemable non-controlling interests (note 11) 477,606 486,191 Shareholders' equity 1,428,962 1,375,999 $ 4,292,511 $ 4,283,713 The accompanying notes are an integral part of these financial statements. Page 6 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (in thousands of US dollars, except share information) Common Shares Accumulated Issued and other Total outstanding Contributed Retained comprehensive shareholders' shares Amount surplus earnings loss equity Balance, December 31, 2025 45,722,486 $ 1,006,554 $ 117,570 $ 260,396 $ (8,521) $ 1,375,999 Net earnings - - - 19,989 - 19,989 Other comprehensive loss - - - - (1,475) (1,475) Common Shares: Stock option expense - - 8,431 - - 8,431 Stock options exercised 259,275 48,864 (8,822) - - 40,042 Dividends - - - (14,024) - (14,024) Balance, March 31, 2026 45,981,761 $ 1,055,418 $ 117,179 $ 266,361 $ (9,996) $ 1,428,962 Page 7 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (in thousands of US dollars, except share information) Common Shares Accumulated Issued and other Total outstanding Contributed Retained comprehensive shareholders' shares Amount surplus earnings loss equity Balance, December 31, 2024 45,268,672 $ 929,908 $ 104,794 $ 165,474 $ (12,430) $ 1,187,746 Net earnings - - - 2,803 - 2,803 Other comprehensive loss - - - - (16) (16) Subsidiaries' equity transactions - - 14 - - 14 Common Shares: Stock option expense - - 7,599 - - 7,599 Stock options exercised 175,329 25,292 (5,206) - - 20,086 Dividends - - - (12,498) - (12,498) Balance, March 31, 2025 45,444,001 $ 955,200 $ 107,201 $ 155,779 $ (12,446) $ 1,205,734 Page 8 of 15 FIRSTSERVICE CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in thousands of US dollars) - in accordance with accounting principles generally accepted in the United States of America Three months ended March 31 2026 2025 Cash provided by (used in) Operating activities Net earnings $ 23,623 $ 14,080 Items not affecting cash: Depreciation and amortization 48,066 44,176 Deferred income tax 13 (819) Share-based compensation 9,477 7,599 Contingent acquisition consideration fair value adjustments (9,917) 9,093 Other 7,698 1,507 Changes in non-cash working capital: Accounts receivable 41,957 9,994 Inventories (20,758) 19,431 Prepaid expenses and other current assets (2,155) (16,127) Payables and accruals (13,739) (69,736) Unearned revenues 875 17,434 Other liabilities 3,080 4,618 Net cash provided by operating activities 88,220 41,250 Investing activities Acquisitions of businesses, net of cash acquired (note 5) (6,379) (8,636) Purchases of fixed assets (28,435) (29,563) Other investing activities 757 (7,046) Net cash used in --- investing activities (34,057) (45,245) Financing activities Increase in long-term debt - 50,000 Repayment of long-term debt (26,882) (36,994) Purchases of non-controlling interests, net (9,634) (14,496) Contingent acquisition consideration (note 5) (1,666) (900) Proceeds received on exercise of stock options 40,042 20,086 Dividends paid to common shareholders (12,574) (11,317) Distributions paid to non-controlling interests (10,438) (5,777) Net cash provided by (used in) financing activities (21,152) 602 Effect of exchange rate changes on cash 179 (15) Increase (decrease) in cash, cash equivalents and restricted cash 33,190 (3,408) Cash, cash equivalents and restricted cash, beginning of period 180,090 243,686 Cash, cash equivalents and restricted cash, end of period $ 213,280 $ 240,278 The accompanying notes are an integral part of these financial statements. Page 9 of 15 FIRSTSERVICE CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2026 (Unaudited) (in thousands of US dollars, except per share amounts) 1. DESCRIPTION OF THE BUSINESS – FirstService Corporation (the “Company”) is a North American provider of residential property management and other essential property services to residential and commercial customers. The Company’s operations are conducted in two segments: FirstService Residential and FirstService Brands. The segments are grouped with reference to the nature of services provided and the types of clients that use those services. FirstService Residential is a full-service property manager and in many markets provides a full range of ancillary services primarily in the following areas: (i) on-site staffing, including building engineering and maintenance, full- service amenity management, security, concierge and front desk personnel; (ii) proprietary banking and insurance products; and (iii) energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through company-owned locations and franchise networks. The principal brands in this division include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – These condensed consolidated financial statements have been prepared by the Company in accordance with the disclosure requirements for the presentation of interim financial information pursuant to applicable Canadian securities law. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America have been condensed or omitted in accordance with such disclosure requirements, although the Company believes that the disclosures are adequate to make the information not misleading. These unaudited interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2025. These unaudited interim financial statements follow the same accounting policies as the most recent audited consolidated financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments necessary for a fair statement of the financial position of the Company --- as at March 31, 2026 and the results of operations and its cash flows for the three month periods ended March 31, 2026 and 2025. All such adjustments are of a normal recurring nature. The condensed balance sheet as at December 31, 2025 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. The results of operations for the three-month period ended March 31, 2026 are not necessarily indicative of the results to be expected for the year ending December 31, 2026. Effective January 1, 2026, the Company adopted ASU 2025-05 – Financial Instruments – Credit Losses (Topic 326); Measurement of Credit Losses for Accounts Receivable and Contract Assets. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. The Company elected to adopt the practical expedient available under this ASU. Management continues to monitor one of the reporting units in the FirstService Brands segment which was tested for goodwill impairment in the fourth quarter of 2025. As disclosed in the December 31, 2025 annual consolidated financial statements (note 9), the fair value for the reporting unit exceeded its carrying value by less than 5%. There were no additional indicators of impairment noted for this reporting unit during the quarter ended March 31, 2026 and no changes to key inputs and assumptions used in the fourth quarter impairment test, given results for the reporting unit were largely in line with management’s expectations. Page 10 of 15 3. RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED – In November 2024, the FASB issued ASU 2024-03 – Disaggregation of Income Statement Expenses (DISE). This ASU requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. The guidance is effective for the annual period December 31, 2027 and interim periods thereafter and should be adopted prospectively with the option for retrospective application. The Company is currently assessing the impact of this ASU on its financial disclosures. In January 2025, the FASB issued ASU 2025-01 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date, which amends ASU 2024-03. This update clarified the effective date of the guidance introduced in ASU 2024-03. In September 2025, the FASB issued ASU 2025-06 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal – Use Software. This ASU modernizes the existing U.S. GAAP guidance on accounting for internal-use software costs under ASC 350-40 to better reflect current software development practices. The guidance is effective January 1, 2028, and may be adopted prospectively, modified prospectively, or retrospectively, with early adoption permitted. The Company is currently assessing the impact of this ASU on its financial disclosures. 4. REVENUE RECOGNITION – Disaggregated revenues are as follows: Three months ended March 31 2026 2025 FirstService Residential revenue $ 545,720 $ 525,087 FirstService Brands company-owned operations revenue 718,213 674,984 FirstService Brands franchisor revenue 51,358 48,818 FirstService Brands franchise fee revenue 1,796 1,937 The Company disaggregates revenue by segment. Within the FirstService Brand --- s segment, the Company further disaggregates its company-owned operations revenue; these businesses primarily recognize revenue over time as they perform because of continuous transfer of control to the customer. As such, revenue is recognized based on the extent of progress towards completion of the performance obligation. The Company generally uses the percentage of completion method. We believe this disaggregation best depicts how the nature, amount, timing and uncertainty of the Company’s revenue and cash flows are affected by economic factors. The Company’s backlog represents remaining performance obligations and is defined as contracted work yet to be performed. As at March 31, 2026, the aggregate amount of backlog was $1,059,268 (December 31, 2025 - $1,027,757). The Company expects to recognize revenue on the majority of the remaining backlog over the next 12 months. The majority of current unearned revenues as at March 31, 2026 are expected to be recognized into income within 12 months of the balance sheet date. 5. ACQUISITIONS – In the quarter, the Company completed one acquisition in the FirstService Brands segment. The Company acquired a Paul Davis franchisee operating in Cleveland, Ohio. The acquisition date fair value of consideration transferred was as follows: cash of $6,379 (net of cash acquired of $1,386). In the prior year quarter, the Company completed three acquisitions for cash consideration of $8,636 (net of cash acquired of $6,332), and contingent consideration of $3,307. The purchase price allocations for certain transactions completed in the last twelve months are not yet complete, pending final determination of the fair value of assets acquired. These acquisitions were accounted for by the purchase price method of accounting for business combinations and accordingly, the consolidated statements of earnings do not include any revenues or expenses related to these acquisitions prior to their respective closing dates. Page 11 of 15 There have been no material changes to the estimated purchase price allocations determined at the time of acquisition during the three months ended March 31, 2026. Except for where arrangements represent compensation for the benefit of the Company, contingent consideration is recorded at fair value each reporting period. The fair value recorded on the consolidated balance sheet as at March 31, 2026 was $35,304 (see note 10). The estimated range of outcomes (undiscounted) for these contingent consideration arrangements is $30,893 to a maximum of $36,345. The contingencies will expire during the period extending to January 2028. During the three months ended March 31, 2026, $1,666 was paid with reference to such contingent consideration (2025 - $900). 6. LEASES – The Company has operating leases for corporate offices, copiers, and certain equipment. Its leases have remaining lease terms of 1 year to 13 years, some of which may include options to extend the leases for up to 15 years, and some of which may include options to terminate the leases within 1 year. The Company evaluates renewal terms on a lease by lease basis to determine if the renewal is reasonably certain. The amount of operating lease expense recorded in the statement of earnings for the three months ended March 31, 2026 was $19,239 (2025 - $17,841). Other information related to leases was as follows (in thousands): Supplemental Cash Flows Information, three months ended March 31 2026 Cash paid for amounts included in the me --- asurement of operating lease liabilities $ 19,435 Right-of-use assets obtained in exchange for operating lease obligation $ 27,149 7. INVENTORIES - Inventories is comprised of the following: March 31, December 31, 2026 2025 Work-in-progress $ 217,361 $ 199,739 Finished Goods 30,418 30,257 Supplies and other 44,044 44,247 $ 291,823 $ 274,243 8. INCOME TAX – The provision for income tax for the three months ended March 31, 2026 reflected an effective tax rate of 27% (2025 - 30%). 9. LONG-TERM DEBT – In February 2025, the Company entered into a third amended and restated credit agreement providing for a $1,750,000 revolving credit facility on an unsecured basis. The maturity date of the revolving credit facility is February 2030. The revolving credit facility bears interest at 0.20% to 2.50% over floating reference rates, depending on certain leverage ratios. In September 2022 (and as amended in April 2024 for the facility with NYL Investors LLC), the Company entered into two revolving, uncommitted financing facilities for potential future private placement issuances of senior unsecured notes (the “Notes”) aggregating $550,000 with its existing lenders, NYL Investors LLC (“New York Life”) of up to $250,000 and PGIM Private Capital (“Prudential”), of up to $300,000, in each case, net of any existing notes held by them. The facility with New York Life has a term ending April 3, 2027. The Company has the ability to issue incremental Note tranches under the New York Life facility until April 3, 2027, subject to acceptance by New York Life, with varying maturities as determined by the Company, and with coupon pricing determined at the time of each Note issuance. The facility with Prudential expired on September 29, 2025, such that no further private placement issuances of Notes may be made thereunder to Prudential. As part of the closing of the New York Life facility, the Company issued, on a private placement basis to New York Life, $60,000 of 4.53% Notes, which are due in full on September 29, 2032, with interest payable semi-annually. Page 12 of 15 In January 2024, the Company issued, on a private placement basis to New York Life, $50,000 of 5.48% Notes, which are due in full on January 30, 2029, as well as $25,000 of 5.60% Notes, which are due in full on January 30, 2031, both with interest payable semi-annually. Also in January 2024, the Company issued, on a private placement basis to Prudential, $50,000 of 5.64% Notes, which are due in full on January 30, 2031, with interest payable semi- annually. The indebtedness under the Credit Agreement and the Notes rank equally in terms of seniority. The Company is prohibited under the Credit Agreement from undertaking certain acquisitions and dispositions, and incurring certain indebtedness and encumbrances, without prior approval of the lenders under the Credit Agreement. 10. FAIR VALUE MEASUREMENTS – The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis as of March 31, 2026: Fair value measurements at March 31, 2026 Carrying value at March 31, 2026 Level 1 Level 2 Level 3 Interest rate swap assets 423 - 423 - Contingent consideration liability $ 35,304 $ - $ - $ 35,304 The fair value of the interest rate swap asset was calculated through discounting future expected cash flows using the appropriate prevailing interest rate swap curve adjusted for credit risk. The inputs to the measurement of the fair value of contingent consideration --- related to acquisitions are Level 3 inputs using a discounted cash flow model; significant model inputs are expected future operating cash flows (determined with reference to each specific acquired business) and discount rates (which range from 8% to 10%). The range of discount rates is attributable to the level of risk related to economic growth factors combined with the length of the contingent payment periods; and the dispersion is driven by unique characteristics of the businesses acquired and the respective terms for these contingent payments. Within the range of discount rates, there is a data point concentration at 9%. A 2% increase in the weighted average discount rate would not have a significant impact on the fair value of the contingent consideration balance. Changes in the fair value of the contingent consideration liability are comprised of the following: 2026 Balance, January 1 $ 46,952 Fair value adjustments (9,917) Resolved and settled in cash (1,666) Other (65) Balance, March 31 $ 35,304 Less: Current portion 28,697 Non-current portion $ 6,607 The carrying amounts for cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair values due to the short maturity of these instruments, unless otherwise indicated. In connection with fair value disclosures, the inputs to the measurement of the fair value of long term debt are Level 2 inputs. The fair value measurements were made using a net present value approach; significant model inputs were expected future cash outflows and discount rates (which range from 4.5% to 5.0%). The following are estimates of the fair values for other financial instruments that are not carried and measured at fair value on a recurring basis: Page 13 of 15 March 31, 2026 December 31, 2025 Carrying Fair Carrying Fair amount value amount value Other receivables $ 4,351 $ 4,351 $ 4,720 $ 4,720 Long-term debt 1,055,677 1,062,825 1,082,676 1,090,702 Other receivables include notes receivable from non-controlling shareholders and other non-current receivables, which are Level 3 fair value measurements. 11. REDEEMABLE NON-CONTROLLING INTERESTS – The minority equity positions in the Company’s subsidiaries are referred to as redeemable non-controlling interests (“RNCI”). The RNCI are considered to be redeemable securities. Accordingly, the RNCI is recorded at the greater of (i) the redemption amount or (ii) the amount initially recorded as RNCI at the date of inception of the minority equity position. This amount is recorded in the “mezzanine” section of the balance sheet, outside of shareholders’ equity. Changes in the RNCI amount are recognized immediately as they occur. The following table provides a reconciliation of the beginning and ending RNCI amounts: 2026 Balance, January 1 $ 486,191 RNCI share of earnings 3,290 RNCI redemption increment 344 Distributions paid to RNCI (10,438) Purchases of interests from RNCI, net (9,634) RNCI recognized on business acquisitions 7,735 Other 118 Balance, March 31 $ 477,606 The Company has shareholders’ agreements in place at each of its non-wholly owned subsidiaries. These agreements allow the Company to “call” the non-controlling interest at a price determined with the use of a formula price, which is usually equal to a fixed multiple of average annual net earnings before extraordinary items, income taxes, interest, depreciation, and amortization. The agreements also have redemption features which allow the owners of th --- e RNCI to “put” their equity to the Company at the same price subject to certain limitations. The formula price is referred to as the redemption amount and may be paid in cash or in Common Shares. The redemption amount as of March 31, 2026 was $406,879. The redemption amount is lower than that recorded on the balance sheet as the formula prices of certain RNCI are lower than the amount initially recorded at the inception of the minority equity position. If all put or call options were settled with Common Shares as at March 31, 2026, approximately 2,800,000 such shares would be issued; this would be accretive to net earnings per share. Increases or decreases to the formula price of the underlying shares are recognized in the statement of earnings as the NCI redemption increment. 12. NET EARNINGS PER SHARE – The following table reconciles the basic and diluted shares outstanding: Three months ended (in thousands) March 31 2026 2025 Basic shares 45,866 45,368 Assumed exercise of Company stock options 37 242 Diluted shares 45,903 45,610 Page 14 of 15 13. STOCK-BASED COMPENSATION Company stock option plan The Company has a stock option plan for certain officers and key full-time employees of the Company and its subsidiaries. The stock option plan came into existence on June 1, 2015. Options are granted at the market price for the underlying shares on the date of grant. Each option vests over a three-to-five-year term, expires five to six years from the date granted and allows for the purchase of one Common Share. All Common Shares issued are new shares. As at March 31, 2026, there were 140,640 options available for future grants. On April 1, 2026, shareholders of the Company approved amendments to the stock option plan to increase the maximum number of Common Shares reserved for issuance pursuant to the exercise of stock options granted thereunder by 2,000,000 Common Shares. Grants under the Company’s stock option plan are equity-classified awards. There were 625,000 stock options granted during the three months ended March 31, 2026 (2025 - 587,000). Of the options granted during the three months ended March 31, 2026, one-half will be time-based vesting and one-half will vest upon the Company achieving a certain threshold percentage of Adjusted Earnings per Share compounded annual growth over specified measurement periods. The Company estimates the probability of achievement of performance conditions at each reporting period and reflects the estimates in the number of options expected to vest with any changes recognized through stock-based compensation expense. Stock option activity for the three months ended March 31, 2026 was as follows: Weighted average Weighted remaining Number of average contractual life Aggregate options exercise price (years) intrinsic value Shares issuable under options - Beginning of period 2,536,190 $ 156.57 Granted 625,000 158.68 Exercised (259,275) 154.44 Forfeited (2,400) 154.44 Shares issuable under options - End of period 2,899,515 $ 157.22 4.07 $ 167 Options exercisable - End of period 1,169,456 $ 150.02 1.73 $ 115 The amount of compensation expense recorded in the statement of earnings for the three months ended March 31, 2026 was $8,431 (2025 - $7,599). As of March 31, 2026, there was $52,316 of unrecognized compensation cost related to non-vested awards which is expected to be recognized over the next 5 years. During the three month period ended March 31, 2026, the fair value of options vested was $18,581 --- (2025 - $18,193). Share-based compensation expense for the three months ended March 31, 2026 was $9,477 (2025 - $7,599). Share- based compensation expense includes stock-based compensation expense of $8,431 and deferred share unit expense of $1,046. 14. CONTINGENCIES – In the normal course of operations, the Company is subject to routine claims and litigation incidental to its business. Litigation currently pending or threatened against the Company includes disputes with former employees and commercial liability claims related to services provided by the Company. The Company believes resolution of such proceedings, combined with amounts set aside, will not have a material impact on the Company’s financial condition or the results of operations. Page 15 of 15 15. SEGMENTED INFORMATION – The Company has two reportable segments as determined by the chief operating decision maker (CODM), who is the Chief Executive Officer of the Company. The segments are grouped with reference to the nature of services provided and the types of clients that use those services. The CODM assesses each segment’s performance based on operating earnings. Specifically, the CODM uses operating earnings to monitor results against expectations for each reportable segment. FirstService Residential provides property management and related property services to residential communities in North America. FirstService Brands provides Company-owned and franchised property services to customers in North America. Corporate includes the costs of operating the Company’s corporate head office and is not a segment. OPERATING SEGMENTS FirstService FirstService Residential Brands Corporate Consolidated Three months ended March 31 2026 Revenues $ 545,720 $ 771,367 $ - $ 1,317,087 Cost of revenues 413,343 473,090 - 886,433 Selling, general and administrative 86,456 234,261 13,711 334,428 Depreciation and amortization 12,477 35,566 23 48,066 Acquisition-related items 1,345 56 97 1,498 Operating earnings 32,099 28,394 46,662 2025 Revenues $ 525,087 $ 725,739 $ - $ 1,250,826 Cost of revenues 397,780 443,688 - 841,468 Selling, general and administrative 85,676 214,284 13,731 313,691 Depreciation and amortization 10,636 33,517 23 44,176 Acquisition-related items 1,728 9,764 741 12,233 Operating earnings 29,267 24,486 39,258 GEOGRAPHIC INFORMATION United States Canada Consolidated Three months ended March 31 2026 Revenues $ 1,169,467 $ 147,620 $ 1,317,087 Total long-lived assets 2,344,045 405,391 2,749,436 2025 Revenues $ 1,118,084 $ 132,742 $ 1,250,826 Total long-lived assets 2,218,341 425,340 2,643,681 16. SUBSEQUENT EVENTS – In April 2026, the Company established an accounts receivable sale program (the “AR Facility”) to further diversify its capital structure. Under the AR Facility, the Company will have the ability on an ongoing periodic basis to offer trade accounts receivable for sale to a major Canadian banking institution, up to a maximum capacity of $300,000. The AR Facility is uncommitted, and availability is subject to the financial institution’s ongoing approval of receivables offered for sale. Under the AR Facility arrangement, the Company’s operating subsidiaries are the servicers. The Company will evaluate the accounting treatment of any receivable transfers under the AR Facility in accordance with ASC 860.