SEDAR Interim Financial Statements

Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian dollars) 2 NOTICE OF NO AUDITOR REVIEW OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS These unaudited condensed consolidated interim financial statements of Doseology Sciences Inc. for the six months ended December 31, 2025 have been prepared by management and approved by the Board of Directors. These unaudited condensed consolidated interim financial statements have not yet been reviewed by the Company’s external auditors. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Financial Position (Expressed in Canadian dollars) The accompanying notes are an integral part of these Condensed Interim Condensed Interim Consolidated Financial Statements. December 31, June 30, 2025 2025 As at Notes $ $ Assets Current Assets Cash and cash equivalent 661,936 1,429,660 Receivables 3 69,544 41,188 Prepaid expenses and deposits 235,785 3,885 Inventories 4,5 83,416 17,037 1,050,681 1,491,770 Goodwill 5 347,000 - Total assets 1,397,681 1,491,770 Liabilities Current liabilities Accounts payable and accrued liabilities 6 81,257 94,105 Total liabilities 81,257 94,105 Shareholder’s Equity Share capital 8 7,901,753 7,501,753 Reserves 9 492,589 462,602 Deficit (7,077,918) (6,566,690) Total shareholder’s equity 1,316,424 1,397,665 Total liabilities and shareholder’s equity 1,397,681 1,491,770 Approved by the Board of Directors on February 26, 2026: “Zara Kanji” Director “Scott Reeves” Director Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) December 31, December 31, December 31, December 31, 2025 2024 2025 2024 Note $ $ Income Product sales 49,216 4,605 54,143 19,182 Cost of sales 5 (32,379) (2,020) (33,840) (9,591) 16,837 2,585 20,303 9,591 Expenses Marketing and product placement 68,582 14,062 82,254 28,538 Investor relations 30,000 - 30,000 - Product development and other costs - 466 - 1,000 Consulting fees 32,508 16,507 66,604 38,800 Management fees 9 105,500 6,857 143,500 11,762 Professional fees 76,913 9,292 80,513 12,532 Regulatory filings and listing fees 1,181 570 1,181 6,497 Office 16,892 1,277 20,967 3,611 Salaries and benefits 60,561 20,317 89,930 39,703 Share-based compensation 9,11 (30,508) - 29,986 13,564 Depreciation and amortization 6 - - - - (361,629) (69,348) (544,935) (156,007) Other income (expenses) Interest and other income 5,477 8,354 13,404 15,734 Gain on lease termination 8 - - - - Loss on asset disposal - - - - Loss and comprehensive loss for the period (339,315) (58,409) (511,228) (130,682) Loss per share - basic and diluted (0.04) (0.02) (0.06) (0.02) Weighted average number of shares outstanding - basic and diluted 8,011,621 4,615,515 8,011,621 4,615,515 For the 6-months ending For the 3-months ending Doseology Sciences Inc. Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) Total Shareholders’ Number of Share capital Reserves Deficit Equity shares $ $ $ $ Balance – June 30, 2024 4,400,525 6,753,576 385,065 (6,118,902) 1,019,739 Shares issued for cash 3,336,106 750,624 - - 750,624 Share issuance cost - (18,947) - - (18,947) Shares issued for debt 100,000 16,500 - - 16,500 Share-based compensation --- - - 77,537 - 77,537 Loss for the year - - - (447,788) (447,788) Balance – June 30, 2025 7,836,631 7,501,753 462,602 (6,566,690) 1,397,665 Shares issued for acquisition 175,000 400,000 - - 400,000 Share-based compensation - - 29,987 - 29,987 Loss for the period - - - (511,228) (511,228) Balance – December 31, 2025 8,011,621 7,901,753 492,589 (7,077,918) 1,316,424 The accompanying notes are an integral part of these Condensed Interim Condensed Interim Consolidated Financial Statements. Doseology Sciences Inc. Consolidated Statements of Cash Flows For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) The accompanying notes are an integral part of these Condensed Interim Condensed Interim Consolidated Financial Statements. December 31, December 31, 2025 2024 $ $ Cash flows used in (provided by) operating activities Loss for the period (511,228) (130,682) Items not involving cash: Share-based compensation 29,986 13,564 (481,242) (117,118) Changes in non-cash working capital items Receivables (27,646) (8,702) Prepaid expenses and deposits (231,900) (5,590) Inventories (33,032) 9,308 Accounts payable and accrued liabilities (12,850) (6,953) Cash used in operating activities (767,724) (129,055) Decrease in cash during the period (767,724) (129,055) Cash – beginning of the period 1,429,660 1,060,222 Cash – end of the period 661,936 931,167 Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 1 1. Nature of operations and going concern Doseology Sciences Inc. (the “Company”), formerly known as Pcybin Therapeutic Inc., was incorporated on July 25, 2019 under the Business Corporations Act (British Columbia). The Company’s registered and records office is located at 9-3151 Lakeshore Road, Unit 305, Kelowna, BC, V1W 3S9. The Company is a performance-driven innovation company operating at the intersection of biotechnology and advanced delivery systems. The Company engineers precision-formulated oral stimulants designed to optimize energy, focus, and cognitive performance. The common shares of the Company trade on the Canadian Securities Exchange under the symbol “MOOD”, on the Frankfurt Stock Exchange under the symbol “VU7”, and on the OTCQB Venture Market under the symbol “DOSEF”. These Condensed Interim Condensed Interim Consolidated Financial Statements (“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. As at December 31, 2025, the Company had an accumulated deficit of $7,077,918 and its current assets exceeded current liabilities by $969,425. In the course of developing its business, the Company will continue to incur losses. Management intends to finance its operations with equity financings. There is a risk that additional financing may not be available on a timely basis or on terms acceptable to the Company. These uncertainties may cast significant doubt regarding the Company’s ability to continue as a going concern. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and, therefore, be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying fin --- ancial statements. These adjustments could be material. On February 16, 2024, the Company consolidated its issued and outstanding common shares on the basis of one post- consolidated common share for every ten pre-consolidated common share. All shares and per share amounts in these Condensed Interim Condensed Interim Consolidated Financial Statements are presented on a post-consolidated basis. 2. Material accounting policy information Basis of presentation and measurement These financial statements have been prepared in accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“IASB”) and were authorized for issue by the Company’s Board of Directors on February 27, 2026. These financial statements have been prepared on a going concern basis, under the historical cost convention, except for certain financial instruments measured at fair value. In addition, these financial statements are prepared on an accrual basis, except for cash flow information. The financial statements are presented in Canadian dollars, which is also the Company’s functional currency. Principles of consolidation These financial statements include the financial statements of the Company and entities controlled by the Company. Control exists when the Company has the power, directly or indirectly, to govern the financial operating policies of an entity so as to obtain benefits from its activities. The financial statements include the accounts of Doseology Sciences Inc. and its wholly owned subsidiaries, Dose Labs Inc. and Doseology USA Inc, collectively referred to as the “Company”. The functional currency of the Company and subsidiaries is the Canadian dollar. Intercompany balances and transactions, and unrealized gains arising from intercompany transactions are eliminated in preparing these financial statements. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 2. Material accounting policy information (continued) Use of estimates and judgements The preparation of the financial statements in conformity with IFRS requires the Company’s management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, revenues, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. Information about critical judgements in applying accounting policies that have the most significant risk of causing material adjustment to the carrying amounts of assets and liabilities recognized in the financial statements are as follows: Going concern The Company’s ability to execute its strategy by funding future working capital requirements requires judgement. Estimates and assumptions are based on historical experience and other factors, such as expectations of future events that are believed to be reasonable under the circumstances. The factors considered by management are disclosed in Note 1. Provision for expected credit losses (“ECLs”) The Company performs impairment testing annually for accounts receivable in accordance with IFRS 9. The ECL model requires considerable judgment, including consideration of how changes in economic factors a --- ffect ECLs, which are determined on a probability-weighted basis. IFRS 9 outlines a three-stage approach to recognizing ECLs which is intended to reflect the increase in credit risks of a financial instrument based on 1) 12-month expected credit losses or 2) lifetime expected credit losses. The Company measures provision for ECLs on its trade receivables at an amount equal to lifetime ECLs. Share-based payments The Company measures the cost of equity-settled transactions with employees and non-employees by reference to the fair value of the equity instruments at the date at which they are granted. Estimating the fair value requires determining the most appropriate inputs to the valuation model including the expected life of the instrument, volatility, risk-free interest rate and dividend yield. Income taxes Provisions for income taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these income tax provisions at the end of each reporting period. However, it is possible that at some future date an additional liability could result from audits by tax authorities. Where the outcome of these tax-related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made. Deferred tax assets are recognized where it is determined that the Company is likely to recognize their recovery from the generation of taxable income. Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 3 2. Material accounting policy information (continued) Cash and cash equivalents The Company considers cash and cash equivalents to be cash and highly liquid investments with original maturities of six months or less. The Company had no cash equivalents at December 31, 2025. Inventories Inventories of finished goods are valued initially at cost and subsequently at the lower of cost and net realizable value. Net realizable value is determined as the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. Cost is determined using the weighted average cost basis. The Company reviews inventory for obsolete and slow-moving goods and any such inventory is written down to net realizable value. Revenue recognition The Company's revenue consists of medicinal mushroom and tincture product sales. The Company sells products directly to customers and through certain ecommerce platforms and distributors. The Company recognizes revenue when performance obligations have been satisfied which includes that the products have been shipped to customers and/or distributors. Revenue is measured based on the price specified, net of trade discounts, if any, and estimated returns at the time of sale. Historical experience is used to estimate allowances for returns. Trade receivables include amounts due from distributors and ecommerce platforms and are recorded upon the sale of the products. Credit terms are extended in the normal course of business. Share capital Common shares: Common shares issued are classified as share capital, a component of shareholders’ equity. Transaction costs directly attributable to the issuance of common shares are recognized as a deduction from share --- capital. Equity units: Proceeds received on the issuance of units, comprised of common shares and warrants, are allocated using the residual value method. Under the residual value method, proceeds are allocated to the common shares up to their fair value, determined by reference to the quoted market price of the common shares on the issuance date, and the remaining balance, if any, to the reserve for warrants. Share-based compensation The fair value of stock options granted is measured at the grant date using the Black-Scholes option pricing model. Where options are granted to consultants for goods or services rendered, the options are measured at the fair value of the goods or services received by the Company. If the fair value of the goods and services received cannot be reliably measured, the fair value of the stock option granted is used instead. At each reporting date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards expected to ultimately vest is computed. The movement in cumulative expense is recognized in the consolidated statement of loss with a corresponding entry within equity, against share-based compensation reserve. No expense is recognized for awards that do not ultimately vest. When options are exercised, the proceeds received together with any related amount in share-based compensation reserve is credited to share capital. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 2. Material accounting policy information (continued) Where a grant of options is cancelled or settled during the vesting period, excluding forfeitures when vesting conditions are not satisfied, the Company immediately accounts for the cancellation as an acceleration of vesting and recognizes the amount that otherwise would have been recognized for services received over the remainder of the vesting period. Warrants The warrants are fair valued on the issuance date using the Black-Scholes option pricing model. If and when the warrants are exercised, the applicable fair value of the share-based payment reserve is transferred to share capital. Any consideration paid on the exercise of the warrants is credited to share capital. Government assistance Government assistance is recorded when the Company has complied with eligible requirements to receive the assistance. Government assistance related to eligible scientific research and experimental development expenditures are included in profit or loss. Government assistance related to the acquisition of property and equipment are deducted from the cost of the related assets, with any amortization calculated on the net amount, when received or when the Company has reasonable assurance that the assistance will be realized. Financial instruments Recognition, classification and measurement Financial assets are classified and measured based on the business model for managing the financial assets and the contractual cash flow characteristics of the financial assets. IFRS 9 Financial Instruments contains three primary measurement categories for financial instruments: amortized cost, fair value through other comprehensive income (“FVTOCI”), and fair value through profit and loss (“FVTPL”). Financial assets are recognized in the statements of financial position if the Company has a contractual --- right to receive cash or other financial assets from another entity. Financial assets are derecognized when the rights to receive cash flows from the asset have expired or were transferred and the Company has transferred substantially all risks and rewards of ownership. All financial liabilities are recognized initially at fair value on the trade date at which the Company becomes a party to the contractual provisions of the instruments. The Company derecognizes a financial liability when its contractual obligations are discharged, cancelled or expired. Financial instruments are not reclassified after their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. The Company has classified its receivables as financial assets and accounts payable and accrued liabilities as financial liabilities measured at amortized cost. Such assets and liabilities are recognized initially at fair value inclusive of any directly attributable transaction costs and subsequently carried at amortized cost using the effective interest method, less any impairment losses. The effective interest method recognizes interest revenue or interest expense in profit and loss over the relevant period. Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 5 2. Material accounting policy information (continued) Financial instruments carried at FVTPL are recognized at their fair value at acquisition with any directly attributable transaction costs expensed as they are incurred. Subsequent measurement requires adjustment to fair value at the date of the statement of financial position, with any remeasurement gains or losses recognized in profit and loss as they arise. Instruments classified as FVTPL during the period ended December 31, 2025 and 2024 include cash. Financial instruments carried at FVTOCI are recognized at their fair value at acquisition inclusive of any directly attributable transactions costs. Subsequent measurement requires adjustment to fair value at the date of the statement of financial position, with any remeasurement gains or losses recognized in other comprehensive income or loss. The Company has no instruments classified as FVTOCI during the period ended December 31, 2025 and 2024. Financial assets and financial liabilities are offset and the net amount presented in the statements of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Basis of fair value Financial instruments that are measured after initial recognition at fair value are grouped in levels 1 to 3 based on the degree to which the fair value is observable: ▪ Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities; ▪ Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and ▪ Level 3 fair value measurements are those derived from valuation techniques that include inputs for the ass --- et or liability that are not based on observable market data (unobservable inputs). As at December 31, 2025, the carrying values of the Company’s financial instruments approximate their fair values due to their short-term maturities. The following table sets forth the Company’s financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy as at December 31, 2025 and 2024: Level 1 Level 2 Level 3 Cash December 31, 2025 $661,936 $ - $ - Cash December 31, 2024 $931,167 $ - $ - The Company recognizes expected credit losses on financial assets measured at amortized cost. Loss allowances for accounts receivables are measured at an amount equal to lifetime expected credit losses if the amount is not considered fully recoverable. A financial asset carried at amortized cost is considered credit-impaired if objective evidence indicates that one or more events have had a negative effect on the estimated future cash flows of that asset that can be estimated reliably. Individually significant financial assets are tested for credit-impairment on an individual basis. The remaining financial assets are assessed collectively. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 2. Material accounting policy information (continued) Impairment of financial assets An impairment loss in respect of a financial asset measured at amortized cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. In assessing collective impairment, the Company uses historical trends of the probability of default, timing of recoveries and the amount of loss incurred, adjusted for management’s judgement as to whether current economic and credit conditions are such that the actual losses are likely to be greater or less than suggested by historical trends. Losses are recognized in the statements of loss and comprehensive loss and reflected in an allowance account against receivables. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. Derecognition The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in the consolidated statements of loss and comprehensive loss. The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled or expired. Generally, the difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any non-cash assets transferred or liabilities assumed, is recognized in the statements of loss and comprehensive loss. Right of Use Assets and lease liabilities At inception of a contract, the Company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control an identified asset for a period of time in exchange for consideration. Leases of right-of-use assets are recognized at the lease commencement date at the present value of the le --- ase payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined, and otherwise at the Company’s incremental borrowing rate. At the commencement date, a right-of-use asset is measured at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any decommissioning and restoration costs, less any lease incentives received. Each lease payment is allocated between repayment of the lease principal and interest. Interest on the lease liability in each period during the lease term is allocated to produce a constant periodic rate of interest on the remaining balance of the lease liability. Except where the costs are included in the carrying amount of another asset, the Company recognizes in profit or loss (a) the interest on a lease liability and (b) variable lease payments not included in the measurement of a lease liability in the period in which the event or condition that triggers those payments occurs. Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 7 2. Material accounting policy information (continued) The Company subsequently measures a right-of-use asset at cost less any accumulated depreciation and any accumulated impairment losses; and adjusted for any remeasurement of the lease liability. Right-of-use assets are depreciated over the shorter of the asset’s useful life and the lease term, except where the lease contains a bargain purchase option, in which case a right-of-use asset is depreciated over the asset’s useful life. Loss per share Basic loss per share is computed using the weighted average number of common shares outstanding during the year. The treasury stock method is used for the calculation of diluted income per share, whereby all “in the money” stock options and share purchase warrants are assumed to have been exercised at the beginning of the period and the proceeds from their exercise are assumed to have been used to purchase common shares at the average market price during the period. When a loss is incurred during the period, basic and diluted loss per share is the same, as the inclusion of stock options and share purchase warrants is anti-dilutive. Income taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where there are uncertain tax positions. Deferred income tax Deferred income tax is provided on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized o --- r the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax assets to be utilized. Recent Accounting Pronouncement and Accounting Pronouncements Not Yet Adopted IFRS 18 – Presentation and Disclosure of Financial statements The standard replaces IAS 1 Presentation of Financial Statements and includes requirements for the presentation and disclosure of information in financial statements, such as the presentation of subtotals within the statement of operations and the disclosure of management-defined performance measures within the financial statement. This standard is effective for periods beginning on or after January 1, 2027 with earlier application permitted. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 2. Material accounting policy information (continued) A number of other new standards, amendments to standards and interpretations are effective for the year ended December 31, 2025 and application of those do not have material impact on the Company’s financial statements. Other accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are not expected to have a significant impact on the Company’s financial statements. 3. Accounts receivable December 31, 2025 $ June 30, 2025 $ Goods and services tax credits 56,852 18,283 Trade receivables 12,692 22,905 69,544 41,188 4. Inventories December 31, 2025 $ June 30, 2025 $ Finished products $83,416 $17,037 During the period ended December 31, 2025, the Company sold inventory with a value of $33,840 (June 30, 2025 - $23,671). As part of the business combination, on August 27, 2025, the Company acquired $52,293 in finished products (see note 5). 5. Business Combination On August 27, 2025, the Company acquired certain assets of Joseph Mimran and Associates Inc. ("Feed That Brain"). The aggregate consideration for the transaction is $400,000, payable through the issuance of equity securities of the Company. The consideration will be satisfied in four instalments consisting of (i) common shares valued at $175,000 issued on the closing date and (ii) three subsequent issuances of $75,000 in pre-funded warrants every six months thereafter, with all issuances to be made at a deemed price per security equal to the greater of $1.00 or the lowest price permitted. The acquisition will be accounted for as a business combination under IFRS 3. The acquired assets consist of the operating assets of the Feed That Brain business, including inventory, equipment, contracts and distribution agreements, accounts receivable (net of specified liabilities), books and records, intellectual property (including domain names, website, formulas and branding), marketing materials, know-how, goodwill and other related assets neces --- sary to operate the FTB business. The acquisition is considered a business combination under IFRS 3 Business Combinations, as the acquired set of assets and processes met the definition of a business capable of generating outputs. Additionally, The Company has recorded the identifiable assets acquired and liabilities assumed on a provisional basis. The purchase price allocation has not yet been finalized and remains subject to adjustment during the measurement period Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 9 5. Business Combination (continued) The identifiable assets acquired and liabilities assumed at fair value on the acquisition date were as follows: Trade Receivables $707 Inventory $52,293 Net Assets Acquired $53,000 Balance allocated to customer relationships and goodwill $347,000 The goodwill represents the expected synergies from combining the products, distribution, and ongoing business relations with the Vendor company, Joseph Mimran and Associates Inc. 6. Accounts payable and accrued liabilities December 31, 2025 $ June 30, 2025 $ Accounts payable 22,094 44,235 Accrued liabilities 47,450 49,870 81,257 94,105 7. Transactions with related parties Key management personnel include directors and officers who have the authority and responsibility for planning, directing, and controlling the activities of the Company. The compensation paid to these key management personnel for the period ended December 31, 2025 and 2024 is shown below: December 31, 2025 $ December 31, 2024 $ Management fees 143,500 3,000 Professional fees 60,683 - Share-based compensation - 13,564 204,183 16,564 Management fees During the period ended December 31, 2025, the Company incurred management fees of $6,000 (December 31, 2024 – $6,000) payable to Christopher Cherry, the Company’s Chief Financial Officer. In addition, the Company incurred management fees of $87,500 (December 31, 2024 - $nil) payable to Tim Corkum, the Company’s Chief Operating Officer. Additionally, $15,000 has been accrued as part of Mr. Corkum’s consulting agreement, which is due payable in common shares of the company. The Company has recorded this amount as share-based compensation. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 7. Transactions with related parties (continued) Professional fees and regulatory filings and listing expenses During the period ended December 31, 2025, the Company incurred $60,683 (December 31, 2024: $nil) in professional fees to a law firm where Scott Reeves, a director of the Company, is a partner. 8. Share capital Authorized Unlimited number of voting common shares without par value. Shares issued for the period ended December 31, 2025 On August 27, 2025, the Company issued 175,000 common shares with a fair value of $175,000 as consideration under an asset purchase and sale agreement (see note 5). Shares issued for the year ended June 30, 2025 On January 21, 2025, the Company issued 100,000 shares for debt settlement for a fair value of $16,500. On June 12, 2025, the Company issued 3,336,106 units as part of a non-brokered private placement for gross proceeds of $750,624. Each unit will be comprised of one share and one warrant, with each warrant entitling the holder to purchase one additional commo --- n share at an exercise price of $0.50 for a period of 24 months. The warrants were valued at $nil based on the residual method. The Company incurred share issuance costs of $18,974 related to the non-brokered private placement. Shares issued for the year ended June 30, 2024 On December 21, 2023, the Company issued 2,904,950 shares for debt settlement. On February 16, 2024, the Company consolidated its issued and outstanding common shares on the basis of one post- consolidated common share for every ten pre-consolidated common share. Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 11 9. Reserves Reserves includes the accumulated fair values of stock options recognized as share-based compensation and the fair value of warrants. Reserves is increased by the fair values of these items on vesting. Warrants The Company has 3,336,106 warrants outstanding. Stock options The Company has adopted a stock option plan (the “Option Plan”) to grant options to directors, officers, employees and consultants. Pursuant to the Option Plan, the Company may grant options that may not exceed 10% of the total number of issued common shares of the Company (calculated on a non-diluted basis) at the time an option is granted The Company provides stock-based compensation to its directors, officers, employees, and consultants through grants of stock options. On December 12, 2024, a total of 80,000 stock options were granted to directors, officers, and employees with an exercise price of $0.40 per share and an expiry date of December 12, 2029. The stock options vested immediately. The fair value of the options of $14,564 was calculated using the Black-Scholes pricing model with the following assumptions: stock price of $0.185, expected life of 5 years, expected volatility of 167%, dividend yield of 0% and risk-free interest rate of 2.59%. The Company estimated the volatility based on its own historical share prices. On May 1, 2025, the Company granted 155,000 stock options to directors and officers with an exercise price of $0.40 per share and an expiry date of May 1, 2029. The stock options vested immediately. The fair value of the options of $51,974 was calculated using the Black-Scholes pricing model with the following assumptions: stock price of $0.37, expected life of 4 years, expected volatility of 167%, dividend yield of 0% and risk-free interest rate of 2.59%. The Company estimated the volatility based on its own historical share prices. During the period ended December 31, 2025, the Company recognized share-based compensation of $60,494 (December 31, 2024 - $13,564). Warrant Stock option reserve reserve Total $ $ $ Balance - June 30, 2024 178,224 206,841 385,065 Share based compensation 12,000 12,000 Fair value of stock options - 65,537 65,537 Balance - June 30, 2025 178,224 284,378 462,602 Share based compensation - - Fair value of stock options - 29,987 29,987 Balance - December 31, 2025 178,224 314,365 492,589 Number of Exercise price Weighted average warrants ($ per share) Expiry date remaining life (years) 3,336,106 0.50 June 12, 2027 1.45 3,336,106 1.45 Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 9. Reserves (continued) Stock option transactions are summarized as follows: As at December 31, 2025, --- the Company’s outstanding stock options were as follows: 10. Financial instruments Fair value IFRS 13, Fair Value Measurement, establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. IFRS 13 prioritizes the inputs into three levels that may be used to measure fair value. The following table summarizes the carrying and fair value of the Company’s financial instruments. The fair values of these financial instruments approximate their carrying values mostly because of their current nature. December 31, 2025 $ June 30, 2025 $ Cash * 661,936 1,429,660 Accounts receivable 69,544 41,188 Accounts payable and accrued liabilities 81,257 94,105 * Cash is classified as fair value through profit and loss, all other financial instruments are classified as amortized cost. Interest income, interest expense, and gains and losses from financial assets and financial liabilities classified at amortized cost are recognized in the consolidated statement of loss and comprehensive loss. Number of Weighted average options exercise price ($) Balance - June 30, 2024 135,000 1.00 Issued 235,000 0.40 Forfeited (60,000) 1.00 Balance - June 30, 2025 310,000 0.80 Balance - December 31, 2025 310,000 0.80 Number of Number of Exercise price Weighted average options exercisable ($ per share) Expiry date remaining life (years) 115,000 115,000 1.00 March 30, 2028 2.25 40,000 40,000 0.40 September 12, 2029 3.70 155,000 155,000 0.40 May 1, 2029 3.33 310,000 310,000 3.48 Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 13 10. Financial instruments (continued) Risks arising from financial instruments and risk management a) Credit risk Credit risk is the risk of loss if a customer or third party to a financial instrument fails to meet its contractual obligations. Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. The carrying amount of financial assets represents the maximum credit exposure. b) Foreign exchange risk Foreign exchange risk arises from fluctuations in the future cash flows of a financial instrument because of changes in foreign exchange rates. The Company is not subject to significant foreign exchange rate risk as predominately all its transactions occur in Canadian dollars. c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The observable impacts on the fair value and future cash flows of financial instruments that can be directly attributable to interest rate risk include changes in profit or loss from financial instruments whose cash flows are determined with reference to floating interest rates and potential changes in value of financial instruments whose cash flows are fixed in nature. The Company does not have any financial liabilities with floating interest rates. d) Liquidity and funding risk Liquidity risk is the risk that the Company will not be able to meet its financial obligation --- s as they fall due. The Company currently settles its financial obligations out of cash. The ability to do this relies on the Company raising debt or equity financing in a timely manner and by maintaining sufficient cash in excess of anticipated needs. As at December 31, 2025, the Company had a cash balance of $661,936 to settle current liabilities of $81,257 which are due on demand or within 1 year. Funding risk is the risk that market conditions will impact the Company’s ability to raise capital through equity markets under acceptable terms and conditions. Doseology Sciences Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 11. Capital management The Company manages its capital to maintain its ability to continue as a going concern and to provide returns to shareholders and benefits to other stakeholders (Note 1). The capital structure of the Company consists of equity comprising issued share capital, reserves, and deficit. The Company manages its capital structure and adjusts it in light of economic conditions. The Company, upon approval from its Board of Directors, will balance its overall capital structure through new share issues or by undertaking other financing activities as deemed appropriate under specific circumstances. The Company is not subject to externally imposed capital requirements and its overall strategy with respect to capital risk management remains unchanged as of December 31, 2025. 12. Income taxes The tax effect (computed by applying the Canadian federal and provincial statutory rate) of the significant temporary differences, which comprise deferred income tax assets and liabilities at the Company’s year end, are as follows: June 30, June 30, 2025 2024 $ $ Loss for the year 427,788 339,848 Canadian statutory income tax rate 27% 27% Expected income tax recovery at statutory rate (115,500) (92,000) Adjusted by tax effect of: Non-deductible items 21,520 5,000 True ups and other (47,740) - Changes in unrecognized deferred tax assets 141,720 87,000 Income tax provision - - The significant components of deferred income taxes are as follows: June 30, June 30, 2025 2024 $ $ Unrecognized deductible temporary differences: Non-capital losses carried forward 1,631,690 1,481,000 Other liabilities 4,000 4,000 Capital and intangible assets 2,590 3,000 Share issuance costs 51,440 60,000 1,689,720 1,548,000 Less: Unrecognized deferred income tax assets (1,689,720) (1,548,000) Net deferred income tax assets - - Doseology Sciences Inc. Condensed Interim Condensed Interim Consolidated Financial Statements For the period ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 15 12. Income taxes (continued) As at June 30, 2025, the Company has cumulative non-capital losses carried forward of $6,041,000 which are available to offset future years’ taxable income and will start to expire in 2040. No deferred tax asset has been recognized in relation to these losses.