Toronto, Ontario--(Newsfile Corp. - February 3, 2026) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or "the Company"), a leading fintech platform, today announced that members of its leadership team and Board of Directors will participate in two upcoming investor conferences in February 2026.On Thursday, February 5, 2026, Shubha Dasgupta, CEO, Co-Founder & Director of Pineapple Financial, will present at the Noble Capital Markets Emerging Growth Virtual Equity Conference. Noble Capital Mark ...

Core Insights - Pineapple Financial Inc. reported Q1 2026 gross billings of $4.1 million and revenue of $0.7 million, with expectations for FY 2026 gross billings between $17.5 million and $20.8 million and revenue between $7.7 million and $9.5 million [1][9] - The company has transitioned from an infrastructure build-out phase to an execution-focused operating phase, emphasizing operating discipline, earnings quality, and capital efficiency [2][3] Financial Performance - Q1 2026 gross billings decreased to $4.1 million from $4.4 million in Q1 2025, while revenue fell to $0.7 million from $0.8 million in the same period [14] - Total expenses for Q1 2026 were $7.3 million, significantly higher than $1.5 million in Q1 2025, primarily due to a $6.1 million non-cash change in fair value related to the Digital Asset Treasury [14] - Loss from operations was $6.6 million compared to $0.7 million in Q1 2025, but net cash used in operations improved to $0.5 million from $0.7 million [18] Strategic Developments - The company has launched a mortgage tokenization platform, converting real-world mortgage records into secure digital assets on the INJ blockchain, marking a significant advancement in its financial infrastructure strategy [5] - Nearly $1 billion in originated mortgages have been tokenized, with plans to migrate a full historical portfolio of over 29,000 funded mortgages, totaling approximately $13.7 billion CAD [6] - The tokenization initiative supports the rollout of a Mortgage Data Marketplace and Pineapple Prime, aimed at generating high-margin, recurring revenue streams [7] Market Outlook - The Canadian mortgage market is expected to remain resilient, with over 1.1 million households anticipated to renew their mortgages in 2026, providing consistent opportunities for mortgage providers [13] - Pineapple expects to expand its agent network to between 700-1000 agents during fiscal 2026, supported by targeted recruitment and improved retention strategies [11] - The company projects continued improvement in unit economics and operational efficiency as it scales its platform [12]

Financial Performance - For the three months ended November 30, 2025, the company reported a net loss of approximately $6.4 million, compared to a net loss of approximately $0.7 million for the same period in the prior year, reflecting an increase in net loss driven by a non-cash loss related to digital asset holdings [160]. - Revenue for the three months ended November 30, 2025, was approximately $0.7 million, a decrease of approximately $44 thousand, or 5.8%, compared to $0.8 million in the prior-year period, attributed to continued softness in mortgage origination activity [161]. - The company recorded a net loss of $6.4 million for the three months ended November 30, 2025, with negative operating cash flows of $498,367 [208]. Operating Expenses - Total operating expenses increased to approximately $7.3 million for the three months ended November 30, 2025, compared to approximately $1.5 million in the same period of the prior year, primarily due to a $6.1 million non-cash loss from digital asset fair value changes [162]. - Selling, general and administrative expenses decreased by approximately 5.4%, while advertising and marketing expenses declined by approximately 54% due to reduced discretionary spending [163]. - SG&A expenses decreased to $394,851 for the three months ended November 30, 2025, from $417,406 in the prior-year period, representing a decrease of approximately 5.4% [191]. - Advertising and marketing expenses decreased by approximately 54.4% to $124,398 for the three months ended November 30, 2025, compared to $273,009 in the same period last year [202]. Mortgage Activity - Mortgage origination volume increased to approximately $457.1 million for the three months ended November 30, 2025, compared to $424.1 million in the prior-year period, representing an increase of approximately 7.8% driven by higher renewal and refinance activity [184]. - Early indicators in the fourth quarter reflected increased mortgage application volumes and lead-generation activity, primarily driven by renewal and refinance demand, positioning the company for a gradual recovery in mortgage activity [159]. Digital Assets - The company invested approximately $11.8 million in Injective digital assets during the quarter, with plans to pursue up to $100 million in aggregate investment, subject to market conditions [158]. - The company recognized a fair value loss of $6.1 million on digital assets during the quarter, which is presented within operating expenses [165]. Cash Flow and Liquidity - Net cash used in operating activities improved to $489,745 for the three months ended November 30, 2025, compared to $663,597 in the prior-year period, representing a reduction of $173,852 [215]. - Net cash provided by financing activities totaled $11.95 million for the three months ended November 30, 2025, compared to $1.19 million in the prior-year period, primarily due to additional borrowings [217]. - Net cash used in investing activities was $12.11 million for the three months ended November 30, 2025, compared to $0.28 million in the prior-year period, driven by purchases of Injective digital assets [218]. - As of November 30, 2025, the Company had cash and cash equivalents of $1.48 million, down from $2.34 million at the same time last year, reflecting significant investing outflows [219]. Assets and Liabilities - As of November 30, 2025, the Company's total current assets decreased to $1,789,874 from $2,319,595 as of August 31, 2025, representing a decrease of approximately $529,721 [221]. - Total current liabilities increased significantly to $14,793,034 as of November 30, 2025, from $3,001,691 as of August 31, 2025, driven by the recognition of a loan payable of $11,983,087 [224]. - Trade and other receivables increased to $143,732 as of November 30, 2025, compared to $92,223 at August 31, 2025, reflecting the timing of billings and collections [223]. - Prepaid expenses and deposits increased to $166,975 as of November 30, 2025, from $110,001 as of August 31, 2025, due to advance payments for various services [223]. - Accounts payable and accrued liabilities decreased modestly to $2,001,934 from $2,125,160, reflecting the timing of vendor payments [224]. Strategic Investments - The Company invested in a commercial mortgage firm, MCommercial, representing 5% of the total issued shares, enhancing product offerings and service levels [239]. - The Company acquired 5% of the total issued shares of Mortgage Alliance Corporation, expanding its presence in the mortgage brokerage sector [240]. Management Outlook - Management believes existing cash resources and expected operating cash flows are sufficient to meet short-term obligations [225]. - The Company operates under U.S. GAAP, requiring estimates and assumptions that may differ from actual results [226].

Core Insights - flyExclusive, Inc. has seen a stock price increase to $6.94, representing a 121.02% rise, driven by its expansion in private jet operations and strategic positioning for long-term growth [1][5] - China SXT Pharmaceuticals, Inc. has climbed to $4.87, a 143.75% increase, with its focus on traditional Chinese medicine and the Strategic AI Insights Initiative as key growth drivers [2][5] - Pineapple Financial Inc. has experienced a stock price rise to $2.73, a 91.26% increase, attributed to its innovative MyPineapple technology platform and the appointment of Anthony Georgiades to its Board of Directors [3][5] Company Developments - flyExclusive is enhancing its operations in Raleigh, North Carolina, to attract top talent and improve collaboration [1] - China SXT Pharmaceuticals is integrating advanced technology into its operations through AI-supported clinic deployment [2] - Pineapple Financial's strategic positioning is strengthened by the expertise of its new board member in digital assets and institutional investment [3] Market Trends - The movements of these companies indicate strong investor interest in innovation within their sectors, highlighting opportunities for growth in diverse market segments [4]

Core Viewpoint - Pineapple Financial Inc. has appointed Anthony Georgiades to its Board of Directors and the newly formed Special Advisory Committee to oversee its digital asset treasury strategy focused on accumulating Injective ($INJ) tokens [1][2]. Group 1: Appointment and Role - Anthony Georgiades, General Partner at Innovating Capital, will guide governance, risk management, and strategic execution of Pineapple's digital asset treasury [2][3]. - His experience in digital assets, institutional investing, and technology infrastructure is seen as a valuable addition to the Board and Special Advisory Committee [3]. Group 2: Company Strategy - Pineapple aims to modernize financial services through AI, data, and blockchain technology, integrating on-chain infrastructure into its operating and capital framework [2][3]. - The company is combining a modern mortgage technology platform with an Injective-based digital asset treasury to bring real-world mortgage data on-chain [3]. Group 3: Company Background - Pineapple Financial Inc. is a leading Canadian fintech and mortgage brokerage network, focusing on the success of agents and brokers as well as enhancing the homeowner experience [4]. - The company develops cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [4].

Core Insights - Pineapple Financial Inc. will host a virtual fireside chat on January 8, 2026, at 11:00 A.M. ET to discuss its strategic growth trajectory and recent developments in tokenization and blockchain integration [1][2][3] Group 1: Company Overview - Pineapple Financial Inc. is a leading fintech platform and Canadian mortgage brokerage network, focusing on the success of agents and brokers as well as enhancing the homeowner experience [4] - The company utilizes cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [4] Group 2: Upcoming Event Details - The virtual fireside chat will include a Q&A session, and a recording will be available on the company's Investor Relations website afterward [3] - Participants are encouraged to submit questions in advance to ensure they are addressed during the discussion [3] Group 3: Strategic Focus - The chat will feature CEO Shubha Dasgupta and members of the Injective Foundation, highlighting Pineapple's collaboration to optimize its digital asset treasury [2] - The discussion will cover recent milestones in tokenization and the integration of blockchain infrastructure [2]

As filed with the Securities and Exchange Commission on December 12, 2025 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PINEAPPLE FINANCIAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Canada 6199 Not applicable (I.R.S. Employer Identification No.) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Copies to: Darrin Ocasio, Esq. Sichenzia Ro ...

Core Insights - Pineapple Financial Inc. has launched a mortgage tokenization platform, marking a significant advancement in its on-chain financial infrastructure strategy, aimed at enhancing transparency, efficiency, and yield opportunities in the mortgage ecosystem [1][2] Group 1: Tokenization Platform Launch - The company has commenced the on-chain migration of its mortgage portfolio, with over half a billion dollars in mortgages already tokenized, converting legacy loan data into secure digital assets [1][2] - The initial deployment includes 1,259 mortgage files on-chain, representing approximately $716 million CAD in funded mortgage volume, with plans to migrate over 29,000 funded mortgages totaling around $13.7 billion CAD [2] Group 2: Data and Operational Improvements - Each tokenized mortgage record contains more than 500 unique data points, creating a unified and auditable source of truth that aims to streamline operational workflows and improve risk modeling [3] - The platform addresses long-standing operational challenges in mortgage finance, such as fragmented data systems and manual audits, by enabling automated verification and real-time audit trails [4] Group 3: Future Developments - Pineapple is developing two new commercial products: a Mortgage Data Marketplace for compliant access to anonymized loan-level data and Pineapple Prime, which will provide on-chain access to mortgage-backed yield opportunities [9]

Core Insights - Pineapple Financial (PAPL) has launched a mortgage tokenization platform to convert loan records into digital assets on the Injective blockchain, aiming to create an auditable and tamper-resistant dataset for operational use [1][2]. Company Developments - The company has migrated over 1,200 mortgage files on-chain, representing approximately $412 million (C$570 million) in funded mortgage volume, with plans to migrate its entire historical portfolio of over 29,000 funded mortgages, totaling about $10 billion (C$13.7 billion) [2][3]. - Each tokenized record contains more than 500 data points, which could enhance workflows, support automated verification, and improve risk modeling and compliant data sharing with institutions [3]. Product Offerings - Pineapple is developing two products based on the tokenized dataset: a permissioned Mortgage Data Marketplace for compliant access to anonymized loan-level information, and Pineapple Prime, which will provide on-chain access to mortgage-backed yield opportunities [4]. - The company has also launched a tokenization landing page featuring a real-time metrics tracker for newly minted mortgage assets [4]. Security Measures - The CEO emphasized that the initiative aims to improve transparency and efficiency while enabling new products, highlighting advanced security measures to protect client data throughout the mortgage lifecycle [5][6]. - The platform provides over $2.2 billion (C$3 billion) annually in funding and operates a Canadian mortgage brokerage network, utilizing cloud-based tools and AI-driven systems for brokers [6].

Financial Performance - For the fiscal year ended August 31, 2025, the company generated approximately $1.599 billion in residential mortgage loan originations, an increase of $70 million, or approximately 4.6% year-over-year[294]. - The company's net loss for the year was approximately $3.538 million, an improvement from a net loss of $4.093 million in the prior fiscal year, primarily due to higher funded mortgage volumes and efficiency gains from technology investments[295]. - Gross billings increased from $16.264 million for the fiscal year ended August 31, 2024, to $17.431 million for the fiscal year ended August 31, 2025, representing a year-over-year increase of approximately 7.18%[312]. - Revenue for the year ended August 31, 2025, was $2.987 million, compared to $2.689 million for the year ended August 31, 2024, representing an increase of $297,836, or 11.08% year-over-year[313]. - The Company recorded a loss from operations of $2.948 million for the fiscal year ended August 31, 2025, an improvement of approximately $0.877 million or 22.93% year-over-year[336]. - The net loss for the fiscal year ended August 31, 2025, was $3.638 million, compared to a net loss of $4.103 million for the fiscal year ended August 31, 2024, representing an improvement of $464,194, or 11.31%[340]. Cost Management - The cost of gross billing, primarily commission expense, increased from $14.896 million in fiscal 2024 to $15.827 million in fiscal 2025, reflecting a 6.25% increase year-over-year[315]. - Selling, general, and administrative (SG&A) expenses decreased by $128,281, or 5.38%, from $2,382,225 in fiscal 2024 to $2,253,944 in fiscal 2025, reflecting a focus on cost management and operational efficiency[318]. - Software subscription expenses decreased by $151,636, or 16.87%, to $747,234 in fiscal 2025, due to optimization of technology infrastructure and consolidation of third-party software tools[319]. - Salaries, wages, and benefits decreased by $791,759, or 32.49%, from $2,436,783 in fiscal 2024 to $1,645,024 in fiscal 2025, driven by organizational streamlining efforts[331]. - The company continues to balance growth in gross billings with disciplined cost management through enhanced automation and agent-performance analytics[316]. Cash Flow and Liquidity - Net cash used in operating activities was $946,820 for the fiscal year ended August 31, 2025, compared to $1,708,261 for the fiscal year ended August 31, 2024, an improvement of $761,441[356]. - Cash at the end of the period increased to $2,117,371 from $580,356, reflecting improved liquidity[352]. - The Company has incurred recurring operating losses and continues to experience negative cash flows from operations, raising substantial doubt about its ability to continue as a going concern[354]. - Net cash provided by financing activities increased to $3,458,306 in fiscal 2025 from $2,912,627 in fiscal 2024, primarily due to additional borrowings to fund working capital and technology investments[357]. - Net cash used in investing activities decreased to $944,187 in fiscal 2025 from $1,117,390 in the prior year, mainly for the capitalization of internally developed software and enhancements to the Pineapple Plus platform[358]. - The company's cash balance improved to $2,117,371 as of August 31, 2025, compared to $580,356 in the prior year, reflecting a year-over-year increase of approximately $1.54 million[359]. - Total current assets rose to $2,319,595 as of August 31, 2025, up from $893,490 in the previous year, indicating a year-over-year improvement of approximately $1.43 million[363]. Technology and Innovation - The company advanced its technology capabilities through the continued development of its proprietary Pineapple Plus platform, contributing to higher productivity per agent and stronger client engagement[292]. - Subscription revenue remained stable, reflecting continued adoption and usage of the company's Pineapple Plus platform[313]. - The company invested approximately $11.4 million in Injective digital assets, which management believes may generate future economic benefits depending on market performance[362]. Market Conditions - Early fourth-quarter indicators reflected increased application activity and lead generation, positioning the company to benefit from a gradual recovery in mortgage activity heading into fiscal 2026[293]. - The Bank of Canada's monetary policy easing, reducing the policy rate from 5.00% in mid-2024 to 3.25% by August 31, 2025, contributed to improved affordability and renewed consumer confidence[312]. Future Outlook - The company expects existing cash resources to be sufficient to meet operating needs for at least the next 12 months and support strategic growth initiatives[361]. - The company plans to access additional capital through the Injective Digital Asset Treasury Initiative, expecting to realize $2.1 million held in escrow upon the filing of the Company's Form S-1[362]. - The company's liquidity position is supported by disciplined spending and operational efficiencies, ensuring sufficient resources to meet short-term obligations and support near-term growth initiatives[366].