Clear Blue Technologies Provides Corporate Update and Preliminary Q3 2025 Financial ResultsShowcasing progress in Clear Blue 2.0 goals of revenue growth, achieving positive Adjusted EBITDA, and cash generationNovember 18, 2025 7:30 AM EST | Source: Clear Blue Technologies International Inc.Toronto, Ontario--(Newsfile Corp. - November 18, 2025) - Clear Blue Technologies International Inc. (TSXV: CBLU) ("Clear Blue" or the "Company"), the Smart Off-Grid™ Company, is pleased to provide a corporat ...

Core Insights - Clear Blue Technologies has received a CA$1.5 million repeat order from iSat Africa for its Micro product, aimed at expanding telecom infrastructure in several African countries [1][2] - The order is expected to ship over the next two quarters, with potential for additional contracts in 2026 and beyond [2] - Clear Blue is integral to iSat's new Energy-as-a-Service offering, enhancing telecom growth across Africa [2][3] Company Overview - Clear Blue Technologies specializes in Smart Off-Grid™ power solutions for critical infrastructure, including telecommunications and IoT [4] - The company's technology focuses on cost savings, predictive maintenance, and reliable power in remote environments [4] Industry Context - Sub-Saharan Africa has a mobile penetration rate of approximately 27% in 2023, significantly below the global average of 69%, indicating a substantial market opportunity [3] - The region's population is rapidly growing, with over 60% under the age of 25, driving demand for internet and cellular services [3] - The shift from diesel generators to solar-powered telecom infrastructure is being accelerated by high costs and environmental concerns, aligning with Clear Blue's offerings [3][6] Partner Overview - iSat Africa provides integrated communication services, including Network as a Service (NaaS) and Energy as a Service, transforming connectivity in Africa [5][6] - The NaaS model allows for scalable and cost-effective network deployment without upfront investments, supporting LTE, 5G, and satellite services [6]

Financial Performance - Clear Blue Technologies reported Q1 2025 revenue of CAD 1,051,261, a 30% increase from CAD 808,553 in Q1 2024 [1] - Gross profit for Q1 2025 was CAD 551,601, representing a 63% increase compared to CAD 338,339 in Q1 2024 [5] - The gross margin percentage improved to 52% from 42% in the same quarter of the previous year [5] - Non-IFRS Adjusted EBITDA for the period was CAD (2,634,592), a 62% decrease from CAD (1,629,513) in the previous period [5] Market Trends and Opportunities - Clear Blue identifies three key themes for growth: the mainstream adoption of smart solar lighting, the transition away from diesel in Africa's telecom sector, and the expansion of satellite internet and IoT services [4][5] - The company is positioned to benefit from a projected CAD 25 million revenue opportunity over the next three years through its partnership with Eutelsat for satellite-powered community internet and IoT services [5] Operational Insights - As of March 31, 2025, bookings decreased to CAD 4,365,698, a 14% decline from CAD 5,071,105 as of December 31, 2024 [5] - Recurring revenue for Q1 2025 was CAD 217,662, down 28% from CAD 300,786 in Q1 2024 [5] - Cash as of March 31, 2025, was CAD 128,971, remaining stable through Q1 [5] Strategic Initiatives - The company has completed its financial restructuring, which was a significant effort by the management team, and is now focused on building a strong growth trajectory [6][7] - Clear Blue has expanded its product portfolio with three new products over the last two years, enhancing its market position [6]