Legend Power Systems Reports Q3 F2026 Financial Results

Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) (" Legend Power " or the " Company "), a global leader in commercial electrical system solutions, reports its financial results for the three and nine months ended June 30, 2026 (" Q3 F2026 "). The Company has also scheduled a conference call to provide a business update to discuss its Q3 F2026 financial results today at 11:00 AM ET (8:00 AM PT) (details below). The call will be hosted by Randy Buchamer, President & Chief Executive Officer. A complete set of Financial Statements and Management's Discussion & Analysis has been filed at www.sedarplus.ca . All dollar figures are quoted in Canadian dollars. Q3 F2026 Highlights Adjusted EBITDA loss of $431 thousand versus a loss of $712 thousand in Q3 F2026 Net loss of $525 thousand versus a loss of $838 thousand in Q3 F2026 "The third quarter of 2026 reinforced our view that Legend is entering an important stage of its commercial evolution," said Randy Buchamer, CEO of Legend Power Systems. "Customer engagement remains strong and our pipeline is at an all-time high as building owners increasingly evaluate SmartGATE not just for energy savings, but for power reliability, infrastructure protection and long-term capital risk. Preliminary measurement and verification data from the GSA evaluation being conducted with Oak Ridge National Laboratory, growing adoption of our CIRA and Voltage Adherence Risk tools, repeat customer orders, and an expanding partner network are all helping move opportunities forward. With the GSA Multiple Award Schedule now in place, another important procurement hurdle has been removed. Our focus is on converting this momentum into deployments and repeatable revenue as investment in energy infrastructure continues to grow." Q3 F2026 Operational Highlights Following the first installation, initial reports from the Technology Proving Ground program for the United States General Services Administration (GSA) are positive and we expect to receive the final report by October of this year. GSA operates approximately 1,800 federally owned buildings. Secured orders for 12 SmartGATE systems across repeat customers, new customers and partner-led opportunities, demonstrating broader commercial traction. Awarded a U.S. GSA Multiple Award Schedule (MAS) contract, establishing a streamlined procurement pathway for eligible U.S. government customers. Advanced third-party validation with Oak Ridge National Laboratory, following installation of the first SmartGATE under the GSA Technology Proving Ground program. Q3 F2026 Financial Highlights Financial summary for the three and nine months ended June 30, 2026 Three months ended June 30, Nine months ended June 30, (Cdn$, unless noted otherwise) 2026 2025 Change 2026 2025 Change Revenue 216,221 385,354 (44)% 1,014,929 989,768 3% Cost of sales (130,579 ) (292,290 ) (55)% (604,682 ) (770,413 ) (22)% Gross margin 1 85,642 93,064 (8)% 410,247 219,355 87% Gross margin % 1 40% 24%   40% 22%   Operating expenses (608,445 ) (927,839 ) (34)% (1,898,193 ) (3,018,537 ) (37)% Net loss (524,722 ) (837,615 ) 37% (1,489,480 ) (2,810,359 ) (47)% Adjusted EBITDA 2 (430,849 ) (711,517 ) 39% (1,189,784 ) (2,333,470 ) (49)% 1 Gross margin is based on a blend of both equipment and installation revenue. 2 Adjusted EBITDA is a non-IFRS financial measure. See EBITDA Reconciliation for details.   Revenue for the third quarter of 2026 was $216,221, compared with $385,354 in the same quarter of fiscal 2025. The higher revenue during Q3 of fiscal 2025 is primarily due to the fulfillment of additional SmartGATE units. Gross margin in the third quarter of fiscal 2026 was $85,642, compared with $93,064 in the same quarter of fiscal 2025. The increase in gross margin percentage, compared to prior quarter of this fiscal, was primarily due to a decrease in the average production cost of the SmartGATE units and improved fact...