SEDAR Interim Financial Statements

Interim condensed financial statements of GOLO Mobile Inc. For the three-month and nine-month periods ended September 30, 2025 and 2024 Notice of No Auditor Review of Interim condensed Financial Statements Pursuant to National Instrument 51-102, Part 4, subsection 4.3(3)(a) issued by the Canadian Securities Administrators, 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 accompanying unaudited interim condensed consolidated financial statements for the three and nine- month periods ended September 30, 2025 and 2024 have been prepared by the management in accordance with International Financial Reporting Standards and approved by the Board of Directors of GOLO Mobile Inc. (the “Company”). These condensed interim consolidated financial statements have not been reviewed by the Company’s independent auditor. GOLO Mobile Inc. Interim condensed statements of financial position As at September 30, 2025 and December 31, 2024 (Unaudited) Page 2 Notes September 30, 2025 December 31, 2024 $ $ Assets Current assets Cash 103,913 224,229 TOTAL ASSETS 103,913 224,229 Liabilities Current liabilities Trade and other payables 1,670 336 Accrued liabilities 1,295 18,300 TOTAL LIABILITIES 2,965 18,636 Equity Share capital 36,687,174 36,687,174 Contributed surplus 25,214,818 25,013,486 Warrants reserve - 201,331 Stock option reserve 871,806 871,806 Deficit (62,672,859 ) (62,542,214 ) TOTAL EQUITY 100,948 205,593 TOTAL LIABILITIES AND EQUITY 103,913 224,229 The accompanying notes are an integral part of the interim condensed consolidated financial statements. GOLO Mobile Inc. Interim condensed statements of loss and comprehensive loss For the three and nine-month periods ended September 30, 2025 and 2024 (Unaudited) Page 3 Three-months ended September 30 Nine-months ended September 30 Notes 2025 2024 2025 2024 $ $ $ $ Expenses Share-based compensation 6 - - - 300 Director and officer fees (Note 10) - 80,000 80,000 80,000 Other administrative and professional fees 6,437 14,076 24,360 93,868 Financial, net 92 95 285 284 6,529 94,171 104,645 174,452 Net Loss and comprehensive Loss (6,529 ) (94,171 ) (104,645 ) (174,452 ) Loss per share, basic and diluted (0.00 ) (0.00 ) (0.00 ) (0.00 ) Weighted average number of common shares outstanding, basic and diluted 209,456,534 209,456,534 209,456,534 209,456,534 The accompanying notes are an integral part of the interim condensed consolidated financial statements. GOLO Mobile Inc. Interim condensed statements of changes in equity (deficiency) For the three and nine-month periods ended September 30, 2025 and 2024 (Unaudited) Page 4 Notes Share capital Contributed surplus Warrants reserve Stock option reserve Deficit Total (deficiency) equity $ $ $ $ $ $ Balance as at December 31, 2024 36,687,174 25,013,486 201,331 871,806 (62,568,204 ) 205,593 Expiry of warrants - 201,331 (201,331) - - - Net loss - - - - (104,645 ) (100,645 ) Balance as at September 30, 2025 36,687,174 25,214,818 - 871,806 (62,672,849 ) 103,913 Share capital Contributed surplus Warrants reserve Stock option reserve Deficit Total (deficiency) equity $ $ $ $ $ $ Balance as at December 31, 2023 36,687,174 23,659,935 1,554,882 871,506 (62,367,762 ) 405,735 - 1,353,551 (1,353,551) - - - Net loss and comprehensive loss - - - - (174,452 ) (174,452 ) Share-based compensation 6 - - - 300 - 300 Balance as at September --- 30, 2024 36,687,174 25,013,486 201,331 871,806 (62,542,215 ) 231,583 The accompanying notes are an integral part of the interim condensed consolidated financial statements. GOLO Mobile Inc. Interim condensed consolidated statements of cash flows For the three and nine-month periods ended September 30, 2025 and 2024 (Unaudited) Page 5 Notes 2025 2024 $ $ Operating activities Net loss (104,645) (174,452 ) Adjustments for non-cash items: Share-based compensation expense - 300 Changes in non-cash working capital items: (Decrease) increase in trade and other payables (13,671) 32,005 Cash flows used in operating activities (120,316) (142,147 ) Net (decrease) increase in cash (120,316) (142,147 ) Effect of foreign exchange rate changes - - Cash, beginning of period 224,229 450,829 Cash, end of period 103,913 308,682 The accompanying notes are an integral part of the consolidated financial statement GOLO Mobile Inc. Notes to the interim condensed financial statements For the three and nine-month periods ended September 30, 2025 and 2024 (Unaudited) Page 6 1. Nature and continuance of operations GOLO Mobile Inc. (the “Company”) was incorporated pursuant to the provisions of the Business Corporations Act (Alberta) on November 29, 2016. The principle business of the Company is to identify and evaluate assets and/or businesses with the objective to negotiate an interest in, acquisition of, or business combination with a target company. The Company’s head office address and registered office address is Suite 900, 332 6th Avenue SW, Calgary, Alberta T2P OB2. The Company’s common shares are listed under the symbol “WLTR.H” on the TSX Venture Exchange. 2. Basis of presentation These financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. To date the Company has an accumulated a deficit of $62,672,849. These circumstances indicate that material uncertainties exist that may cast significant doubt about the Company's ability to continue as a going concern and, accordingly, the ultimate use of accounting principles applicable to a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to develop a sufficient financing plan, receive financial support from related parties, complete sufficient equity financings or generate profitable operations in the future. These financial statements do not reflect the adjustments to the carrying values of assets and liabilities, the reported expenses, and the statement of financial position classification used, that would be necessary if the Company were unable to realize its assets and settle its liabilities as a going concern in the normal course of operations. Such adjustments could be material. Basis of presentation These interim condensed financial statements have been prepared by management in accordance with International Accounting Standards (“IAS”) 34 – Interim Financial Reporting and do not include all of the information required for full annual financial statements. The accounting policies and methods of computation applied in these interim condensed financial statements are consistent with International Financial Reporting Standards (“IFRS”) and are the same as those applied by the Company in its audited financial statements as at and for the years ended December 31, 2024 and 2023. These unaudited interim --- condensed financial statements were authorized for issuance by the Board of Directors of the Company on November 28, 2025. Basis of measurement The financial statements are prepared under the accrual basis, except for cash flow information, and are based on historical costs, except for certain financial instrument, which are stated at their fair values. Functional and presentation currency The financial statements are presented in Canadian dollars (CAD$) which is the Company’s functional currency. GOLO Mobile Inc. Notes to the interim condensed financial statements For the three and nine-month periods ended September 30, 2025 and 2024 (Unaudited) Page 7 3. Significant estimates and judgments The preparation of the Company’s interim condensed financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of, expenses, assets and liabilities, and the disclosure of contingent liabilities at the end of the reporting period; however, uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. The significant estimates and judgments used in preparing these interim condensed financial statements are as follows: Share-based payments The calculation of the fair value of stock options and warrants granted require management to make estimates and assumptions about the fair value of the underlying common shares of the Company, expected volatility, expected life and expected forfeiture rates, which could affect the Company’s results if the current estimates change. Income taxes In assessing the probability of realizing deferred tax assets, management makes estimates related to the expectation of future taxable income, applicable tax opportunities, expected timing of reversals of existing temporary differences and the likelihood that the tax provision taken will be sustained upon examination by applicable tax authorities. Other significant judgments The preparation of these financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments in applying the Company’s financial statements include: • the assessment of the Company’s ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty; and • the fair value and classification of financial instruments. 4. Accounting policies The accounting policies applied in these interim condensed financial statements are consistent with those applied by the Company in its audited financial statements as at and for the years ended December 31, 2024 and 2023. 5. Share capital The number of shares outstanding and their carrying values for the period presented are as follows: Outstanding as at, Number Amount # $ Outstanding as at January 1, 2024 to September 30, 2025 209,456,534 36,687,174 The Company is authorized to issue an unlimited number of voting and participating common shares. GOLO Mobile Inc. Notes to the interim condensed financial statements For the three and nine-months ended September 30, 2025 and 2024 (Unaudited) Page 8 6. Loss per share Basic net loss per common share represents the net loss attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted net loss per comm --- on share is calculated by dividing the applicable net loss by the sum of the weighted average number of common shares outstanding and all additional common shares that would have been outstanding if potentially dilutive common shares had been issued during the period. As at September 30, 2025 and 2024, all instruments were anti-dilutive. 7. Financial risk management objectives and policies The Company’s objective when managing capital is to maintain its ability to continue as a going concern, in order to provide returns for the shareholders and benefits for other stakeholders. The Company’s primary objective, with respect to its capital management is to ensure that it has sufficient cash resources to fund the identification and evaluation of potential acquisitions. To secure the additional capital necessary to purse this objective, The Company may attempt to raise additional funds through the issuance of equity and by securing strategic partners. Risk Disclosures Credit risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company’s cash on hand. The outstanding prepaid expenses and other balance is comprised of prepaid insurance. The carrying amount of cash on deposit represents the maximum credit exposure to the Company. The Company manages credit exposure related to cash by selecting financial institution counterparties with high credit ratings. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities when due. The Company does not have an active business unit and has no assets aside from cash and prepaid expenses. The Company’s ability to continue operations as intended are dependent upon its ability to identify, evaluate and negotiate an acquisition, or business, or interest therein. The ability of the Company to complete a transaction may require additional funding. There is no assurance the Company will be successful in obtaining additional funding. The Company has trade and other payables of $2,965 (December 31, 2024 - $15,671). Market risk Market risk is the risk of loss that may arise from changes in market forces such as interest rates, foreign exchange rates, and commodity and equity prices and inflation. The Company does not have a significant exposure to these risks other than the risk of holding cash during a period of high inflation.