Tribe Property expects GTA revenue of $8.04M in H1 2025

Mr. Joseph Nakhla reports TRIBE PROPERTY TECHNOLOGIES SEES EXPANDED PRESENCE IN GREATER TORONTO AREA WITH INCREASE IN REVENUE IN THE FIRST HALF OF 2025 Tribe Property Technologies Inc. had strong preliminary growth metrics in the Greater Toronto Area across all its business units, Tribe Management, Meritus Group Management and DMS Management, in the first half of 2025. According to preliminary results for the first six-month period ending June 30, 2025, Tribe expects to generate $8.04-million in revenue in the GTA region, an increase of 263 per cent compared with revenue of $2.21-million in the first six months of 2024. The company's growth has been driven by both strategic acquisitions and organic expansion. The acquisition of Meritus in late 2023 and DMS in mid-2024 contributed significantly to revenue, while Tribe's Toronto operations have also expanded organically. Meritus strengthened Tribe's presence in mid-rise and high-rise condominiums across downtown Toronto and Mississauga, while DMS expanded its rental property management footprint throughout the GTA. The GTA portfolio currently represents approximately 50 per cent of Tribe's total revenue. This growth underscores the scalability of Tribe's integrated property management solution and its increasing contribution to the company's overall revenue mix. Joseph Nakhla, chief executive officer of Tribe, commented: "When we entered the GTA market in November, 2023, Tribe had zero property management presence in the area. In less than two years, we have grown to manage approximately 20,000 homes. This rapid growth reflects the strength and scalability of our solution, the successful integration of Meritus and DMS, and the dedication of our team. It demonstrates both the tremendous opportunity in the GTA and the broader potential of Tribe's technology-driven property management model across Canada." In parallel, Tribe is deepening its relationships with real estate developers in the GTA region through its proprietary platforms, including Tribe Home Pro and its digital preconstruction tools. In the first half of 2025, the company successfully onboarded five major developer projects in the GTA region, using Tribe's software for building completion, handover and warranty submissions, supporting a seamless transition from construction to occupancy. An additional five projects were onboarded in the nearby areas of Mississauga, Kitchener and Guelph. Tribe's 2025 GTA expansion is a key part of its broader national growth strategy, focused on consolidation, modernization and digital transformation of Canada's fragmented property management industry. The company is actively pursuing further M&A (merger and acquisition) opportunities and expects additional growth in the GTA market throughout the remainder of 2025. The financial results presented herein for the six-month period ended June 30, 2025, are preliminary, unaudited and subject to change. Final financial statements for the period will be released on Aug. 28, 2025. About Tribe Property Technologies Inc. Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. We seek Safe Harbor.