Tag: GlobeNewswire

VANCOUVER, British Columbia, Oct. 31, 2026 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated data center and digital assets technology company, today announced that the Company and its affiliates have not been affected by the recent Binance security incident and that all client assets remain secure.

DMG and its affiliates prioritize information security, fraud prevention and asset protection. The Company’s security framework combines restricted access, separation of duties and multiple levels of transaction approval. Together, these controls are designed to ensure that a single compromised device does not provide a user the authority needed to initiate, approve or complete an unauthorized transaction.

Building Enterprise Value Through Intellectual Property

Beyond ensuring robust security for digital assets, DMG continues to advance its proprietary infrastructure solutions. DMG has strategically developed a patent portfolio to differentiate itself from commoditized digital asset infrastructure providers and transition to an enterprise-grade blockchain technology provider. By systematically securing intellectual property across institutional compliance, network verification and proprietary transaction routing, DMG directly supports the enablement of institutional blockchain adoption.

For shareholders, this comprehensive IP portfolio establishes a defensible competitive position for DMG’s digital asset platform and helps position DMG to capture specialized transaction processing revenues across global blockchain ecosystems. Accelerating this strategy, DMG was granted two foundational U.S. patents in 2026:

U.S. Patent No. 12,548,012: Custom Mempool Protocol Associated with Processing of Cryptographic Events (Granted: February 10, 2026)

This patent establishes a proprietary custom mempool protocol that secures and accelerates how cryptographic events and ordinals are routed, batched and confirmed on-chain. Rather than exposing unconfirmed transactions to public peer-to-peer networks, the technology creates a direct pipeline between applications and participating mining nodes, while maintaining full compliance with public blockchain consensus algorithms.

“Securing U.S. Patent 12,548,012 validates the groundbreaking architecture that DMG developed to bring institutional-grade predictability to blockchain networks,” stated Sheldon Bennett, CEO of DMG. “By bypassing public node congestion and routing transactions through a controlled mempool pipeline, our approach sets a new benchmark for how enterprises can securely transact with complete confidence and compliance.”

U.S. Patent No. 12,744,684: Multiple Ordinals in One Transmission (Granted: September 22, 2026)

DMG’s newest patent modernizes how digital assets and data are inscribed onto the blockchain. By embedding multiple ordinals directly into transaction data fields and hashing them simultaneously into each block, the system significantly increases batch-processing efficiency, lowers transaction overhead and enables seamless on-chain storage without network congestion.

Issued Patent Portfolio Overview

DMG’s global intellectual property holdings currently include 9 issued patents, 2 allowed applications and 13 pending applications across the United States, Canada, Europe, Australia and WIPO:

Patent Number	Grant Date	Technology Domain	Strategic Value and Commercial Application
US 11,188,899	Nov 30, 2021	Off-Network Identity Attribution	Maps public wallet addresses to cryptocurrency exchanges to satisfy institutional AML/KYC requirements and regulatory transparency.
US 11,257,089	Feb 22, 2022	Cryptographic Taint Tracking	Provides real-time detection and quarantining of wallet addresses associated with illicit and criminal funds.
US 11,373,170	Jun 28, 2022	Custom Mempool Protocol (“Green Miners”)	Enables direct miner transaction routing to support ESG-tailored, compliance-focused transaction processing.
US 11,810,103	Nov 7, 2023	Custom Mempool Protocol (“Ordinals”)	Specialized mempool channels engineered to process and batch non-standard digital asset transactions.
US 12,067,572	Aug 20, 2024	Advanced Forensic Taint Tracking	Multi-wallet distribution analysis and automated risk-scoring to quarantine illicit funds prior to on-chain execution.
US 12,200,137	Jan 14, 2025	Hash Rate Validation	Real-time, packet-level network verification of miner computing capacity for operational auditing and pool transparency.
US 12,315,009	May 27, 2025	“Clean Block” Technology	Dynamic allow/deny list filtering that purges unwanted transactions and prevents illicit transfers from entering mined blocks.
US 12,548,012	Feb 10, 2026	Enterprise Mempool Pipeline	Private-to-miner transaction routing that bypasses the public mempool, eliminating front-running and fee volatility.
US 12,744,684	Sep 22, 2026	Multi-Asset Inscription Protocol	High-density batching and simultaneous hashing of multiple ordinals into a single transaction to maximize block-space efficiency.

Grant of Stock Options and RSUs

DMG announces the granting of stock options and RSUs to employees and directors of the Company. A total of 105,100 stock options (“Options”) and 1,045,500 restricted stock units (“RSUs”) have been granted. The Options are exercisable over five years at a price of $0.40 per share, with vesting in 25% increments on the six-, 12-, 18-, and 24-month anniversaries of the grant date. The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the Company’s growth.

About DMG Blockchain Solutions Inc.

DMG is a sustainable, vertically integrated data center and digital assets technology company that develops, manages and operates comprehensive platform solutions to monetize the artificial intelligence (AI) and blockchain ecosystems. The Company’s operations are driven by two strategic pillars: Data Center Infrastructure (Core) and Digital Asset Financial Services (Core+). DMG is expanding its platform to include AI and sovereign compute solutions, supporting government, enterprise and research organizations across Canada.

For more information on DMG Blockchain Solutions, visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:
communications@dmgblockchain.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better-financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services, and AI and blockchain technology generally, failure to develop new and innovative products, litigation, lack of demand for the Company’s products and services, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

Management Commentary

In the 2025/2026 financial year, the Group continued to implement the debt restructuring plan agreed in the 2024/2025 financial year. At the end of the financial year, the Group successfully completed its exit from the Saaremaa production unit in Estonia, resulting in a one-off gain of EUR 1.0 million, with total proceeds from the disposal amounting to EUR 2.3 million. The sale of the Saaremaa unit brought the Group’s production activities in Estonia to an end and enables the Group to focus on higher value-added products in the UK market. The Management Board would like to thank the Saaremaa team for their contribution and acknowledge Management Board member Timo Pärn for his work in managing the unit and the Group as a whole.

The table below provides a summary of the Group’s results from discontinued and continuing operations.

		2025/2026
mln EUR	Discontinued operations	Continuing operations		Continuing operations total	Discontinued and continuing operations total
		United Kingdom	Central operations
Revenue from external customers	1.9	13.4	0.0	13.4	15.3
EBITDA	-1.0	0.4	-0.3	0.1	-0.9
Operating profit (loss)	-1.3	0.1	-0.3	-0.2	-1.5
Profit (loss) before tax	-0.2	0.0	-2.3	-2.3	-2.5
Net profit (loss) for the period	-0.2	0.0	-2.3	-2.3	-2.5

The Group’s revenue from the Saaremaa and Scotland production units amounted to EUR 15.3 million, representing a year-on-year decrease of 18.5%. Revenue from the Scotland unit amounted to EUR 13.4 million, down 3.1% compared with the previous year, reflecting weak consumer demand, pricing pressure, tax changes and uncertainty in the retail and HoReCa sectors. Despite challenging market conditions, the Group maintained a strong market position and profitability: the Scotland production unit ended the financial year with an operating profit of EUR 0.1 million (2024/2025: EUR 0.8 million).

The Group ended the 2025/2026 financial year with a loss. The Group’s total net loss from discontinued and continuing operations amounted to EUR 2.5 million. The net loss from discontinued operations was EUR 0.2 million; excluding the one-off gain from the disposal of the production unit, the loss would have amounted to EUR 1.3 million (2024/2025: loss of EUR 1.0 million).

Continuing operations generated a net loss of EUR 2.3 million (2024/2025: net profit of EUR 8.3 million, including a EUR 7.3 million gain from the restructuring of debt obligations). The result was affected by EUR 1.9 million of interest expense recognised on the restructured debt obligations using the effective interest method. The nominal interest rate on the loans is 0% and, in accordance with the restructuring agreement, no interest payments are made, thereby reducing pressure on cash flows and supporting the implementation of the Group’s strategic objectives. The Scotland unit ended the financial year at break-even (2024/2025: profit of EUR 0.5 million).

The Management Board is focused on restoring the profitability of the Scotland unit and improving operational efficiency, with the objective of increasing cash flows, strengthening the Group’s capital position and achieving the targets set out in the restructuring agreement.

We would like to thank all our employees, business partners and investors for their commitment and trust. The restructuring measures implemented have laid the foundation for a stronger Group and ensured the continuation of the Group’s operations.

Consolidated statement of financial position

EUR ‘000	30.06.2026	30.06.2025
ASSETS
Cash and cash equivalents	149	305
Trade and other receivables	3,091	1,546
Prepayments	391	182
Inventories	894	1,656
Total current assets	4,525	3,689
Tangible assets	1,653	3,595
Intangible assets	12,772	12,956
Total non-current assets	14,425	16,552
TOTAL ASSETS	18,950	20,240
EQUITY AND LIABILITIES
Interest-bearing liabilities	2,851	971
Trade and other payables	1,195	1,563
Total current liabilities	4,046	2,534
Interest-bearing liabilities	5,413	5,514
Trade and other payables	29	30
Deferred tax liabilities	1,379	1,421
Government grants	132	213
Total non-current liabilities	6,953	7,179
TOTAL LIABILITIES	10,999	9,713
Share capital	7,737	7,737
Share premium	14,007	14,007
Treasury shares	-390	-390
Statutory capital reserve	418	51
Currency translation differences	421	451
Retained profit (loss)	-14,242	-11,327
Equity attributable to parent	7,951	10,528
TOTAL EQUITY	7,951	10,528
TOTAL EQUITY AND LIABILITIES	18,950	20,240

Consolidated statement of comprehensive income

EUR ‘000	2025/2026	2024/2025
Continuing operations
Revenue	13,374	13,797
Cost of goods sold	-10,357	-9,906
Gross profit	3,017	3,891
Operating expenses	-3,401	-3,506
Selling and distribution expenses	-2,066	-2,102
Administrative expenses	-1,335	-1,405
Other income / expense	120	-66
Operating profit (loss)	-264	318
Financial income / expenses	-1,984	8,372
Share of result of associates and joint ventures	0	-139
Profit (loss) from the sale of the subsidiary	0	0
Profit (Loss) before tax	-2,248	8,551
Income tax	-58	-244
Net profit (loss) for the period from continuing operations	-2,306	8,307
Discontinued operations
Net profit (loss) for the period from discontinued operations	-246	-967
Allocation of net profit (loss) for the period:
Attributable to shareholders of the parent company	-2,552	7,339
Total net profit (loss) for the period	-2,552	7,339
Other comprehensive income
Foreign exchange differences	-30	12
Total comprehensive income (loss)	-2,582	7,351
Allocation of comprehensive income (loss) for the period:
Attributable to shareholders of the parent company	-2,582	7,351
Total comprehensive income (loss) for the period	-2,582	7,351
Earnings (loss) per share (EUR)
Basic earnings (loss) per share (EUR)	-0.07	0.19
Diluted earnings (loss) per share (EUR)	-0.07	0.16
Earnings (loss) per share (EUR) from continuing operations
Diluted profit (loss) per share (EUR)	-0.06	0.22
Diluted earnings (loss) per share (EUR)	-0.06	0.19

Kristjan Kotkas

Member of the Management Board

investor@prfoods.ee

www.prfoods.ee

Attachment

• PRF_annual_report_2025_2026_ENG (3)

WINDSOR, Ontario, Oct. 30, 2026 (GLOBE NEWSWIRE) — NEXE Innovations Inc. (“NEXE”, the “Company”, “we”, “us” or “our”) (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended August 31, 2026 (“Q1 2027”).

NEXE grew revenue 10.5% to $133,119 in Q1 2027 from $120,484 in Q1 2026, in a quarter that has, in management’s view, been historically seasonally soft for the North American coffee industry, and reduced its net loss 33.7% to $(946,396). During the quarter, NEXE began deliveries to an East Coast fair-trade organic coffee co-operative that previously had no single-serve offering and onboarded a U.S. coffee chain with locations in New York City and Boston. Based on current customer interest and commercial opportunities in progress, management currently expects annual pod volumes to exceed the upper end of the previously announced range of 10 to 15 million compostable coffee pods.

Results for the quarter also reflect higher costs. Gross loss was $(47,552), compared to gross income of $16,453 in the three-month period ended August 31, 2025 (“Q1 2026”), and the net loss improvement was, in management’s view, primarily attributable to lower depreciation, including the effect of a change in depreciation estimates.

Q1 2027 Highlights

• Revenue: $133,119, up 10.5% from $120,484 in Q1 2026, in a quarter that has historically been seasonally soft.
• Net loss: $(946,396), or $(0.01) per share, an improvement of 33.7%, with total operating expenses down 37.4%.
• Customers: Deliveries began to Just Us! Coffee Roasters, a U.S. coffee chain was onboarded, and the Company is in discussions with a U.S. brand regarding potential distribution to a national hotel chain.
• Volume outlook: Based on current customer interest and commercial opportunities in progress, management currently expects annual pod volumes to exceed the upper end of the previously announced range of 10 to 15 million pods.
• Liquidity: Cash, cash equivalents, GICs and term deposits of $8,008,095 and working capital of $7,693,960.

“Revenue grew 10.5% in what has historically been a seasonally soft quarter, and we began deliveries to new customers during the period,” said Ash Guglani, President of NEXE. “Gross margin in the quarter reflected the costs of onboarding those customers, which we believe may trend lower as volumes build. Our focus for the rest of fiscal 2027 is to convert our commercial pipeline into production volume.”

Q1 2027 Financial Results

• Revenue Growth: Revenue was $133,119, compared to $120,484 in Q1 2026, reflecting repeat orders from existing customers and new customers onboarded during the quarter. Shipments were weighted to July and August 2026. The first quarter has historically been seasonally weak, and management believes coffee sales across the industry typically decline during the summer months.
• Gross Margin: Gross loss was $(47,552), compared to gross income of $16,453 in Q1 2026, as cost of goods sold increased 73.7% to $180,671 from $104,031. Management believes the increase reflects higher volumes, onboarding costs for new customers, higher packaging costs, a larger share of pods filled with coffee purchased by the Company, $54,742 of non-cash production depreciation (recorded in operating expenses in Q1 2026) and $10,685 of inventory write-downs. Management expects that costs will trend lower as volumes increase, as management expects higher volumes will help absorb fixed costs and support bulk purchasing of materials.
• Operating Expenses: Total operating expenses decreased 37.4% to $950,956 from $1,520,057, and operating loss before other items improved 33.6% to $(998,508) from $(1,503,604). Depreciation in operating expenses decreased 75.9% to $108,103. Effective June 1, 2026, the Company extended the estimated useful lives of its metered production machinery and changed the depreciation method from straight-line to units of use, which reduced Q1 2027 depreciation by $269,353 relative to the previous estimates. Share-based compensation decreased 94.0% to $13,187 and research and development expenses decreased 67.7% to $33,447. Selling, general and administrative expenses increased 7.4% to $790,139, mainly due to higher compensation-related costs and higher legal and professional fees, partially offset by lower management fees, salaries, consulting fees, and advertising and promotion.
• Net Loss: Net loss improved 33.7% to $(946,396), or $(0.01) per share, from $(1,427,807), or $(0.01) per share, in Q1 2026. The $481,411 improvement reflects lower depreciation, share-based compensation and research and development expenses, partially offset by the gross loss, higher selling, general and administrative expenses, and lower interest income.
• Balance Sheet: As at August 31, 2026, NEXE had cash and cash equivalents of $3,875,352, investments in GICs of $4,102,743 and term deposits of $30,000, for a total of $8,008,095. Working capital was $7,693,960 (May 31, 2026 – $8,464,675), or $6.0 million excluding $1.7 million of prepayments on manufacturing equipment. Cash used in operating activities was $1,096,265 (Q1 2026 – $760,265), mainly reflecting operating expenditures and working capital movements, including a reduction in trade and other payables and an increase in trade and other receivables.

Commercial Update: Management Expects Annual Pod Volumes to Exceed 15 Million

NEXE supplied partners across retail, office coffee services and online channels during Q1 2027, and the previously disclosed partner transition continued through the quarter. NEXE continues to see increased interest in the compostable pod.

During the quarter, NEXE began deliveries to Just Us! Coffee Roasters, an East Coast fair-trade organic coffee co-operative that previously had no single-serve offering, and onboarded a U.S. coffee chain with multiple locations, including New York City and Boston. NEXE is in discussions with a U.S. brand regarding the potential supply of pods for distribution to a national hotel chain and is procuring materials for a new Canadian client.

Management currently expects annual pod volumes to exceed 15 million compostable coffee pods. NEXE anticipates current finished goods capacity aligns with expected production for the coming months and that capacity could be scaled with limited additional investment, such as larger molds or additional staff. The Company is also evaluating strategic opportunities that management anticipates would accelerate commercialization and enhance shareholder value, including potential partnerships, licensing arrangements, and other capital-efficient growth initiatives.

The Company’s unaudited condensed consolidated interim financial statements for the three months ended August 31, 2026 and related management’s discussion and analysis are available on NEXE’s SEDAR+ profile at www.sedarplus.ca and the Company’s website at www.nexeinnovations.com.

*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.

**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A

About NEXE Innovations Inc.

NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material’s durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE’s vertically integrated facility based in North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech

On behalf of the Company:

Ash Guglani
President & Director

For investor relations contact:

Kam Mangat
Vice President, Investor Relations & Corporate Strategy
invest@nexeinnovations.com

For media relations contact: media@nexeinnovations.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements regarding anticipated production volumes, including expected annual pod volumes, expected demand from existing and prospective customers, the progress of partner transitions, the outcome of discussions with prospective customers, including potential distribution to a national hotel chain and supply to a new Canadian client, the expected trend in production costs and unit economics, the Company’s production capacity and its ability to scale capacity with limited additional investment, the Company’s commercialization strategy, the evaluation and pursuit of strategic opportunities, including partnerships and licensing arrangements, and the Company’s ability to execute its business strategy. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business and economic conditions in the markets in which the Company operates, seasonal fluctuations in demand, the Company’s ability to execute on its business strategy, maintain and grow partnerships, onboard new customers, convert discussions with prospective customers into orders, and respond to market conditions, the Company’s ability to achieve anticipated production volumes and improve unit economics, the availability and cost of raw materials and packaging and changes in consumer demand for compostable products, and those risks set out in the Company’s management’s discussion and analysis for the year ended May 31, 2026 and the three months ended August 31, 2026 under the headings “Business Risks and Uncertainties”. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals, that the Company’s current partners will continue to increase order volumes, that new customer relationships will result in recurring revenue, that the Company will be able to reduce per-pod unit costs as production scales, that the Company’s existing facility can accommodate expected production with limited additional investment, and that general economic and market conditions will not deteriorate. Factors that could cause the actual results to differ materially from those in forward-looking statements include, without limitation, loss of key customer relationships, disruptions to supply chains or manufacturing operations, adverse changes to tariff or trade policies, general economic, market or business conditions, and other factors beyond the Company’s control. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CHEYENNE, WY, Oct. 30, 2026 (GLOBE NEWSWIRE) — Next Technology Holding Inc. (NASDAQ: NXTT) (the “Company”), a technology company focused on AI-powered software development and digital asset management, today announced that its Board of Directors (the “Board”) unanimously approved, by written consent effective October 30, 2026, the sale or pledging of the Company’s Bitcoin holdings in one or more tranches. As of October 30, 2026, the Company held approximately 5,833 Bitcoin. The Board determined that a timely adjustment of the Company’s digital asset position is in the best interests of the Company and its stockholders, with the aim of reducing risk exposure and enhancing liquidity.

The Board’s action followed its review of the security incident recently reported by Binance. The Board also considered that, in its view, international hacker attacks, exchange security vulnerabilities and emerging technological threats—including but not limited to the potential cryptographic impact of quantum computing—have increased the custody and market risks associated with the Company’s Bitcoin holdings. None of the Company’s Bitcoin is held on or through Binance.

The resolutions approve the sale or pledging of the Company’s Bitcoin holdings in one or more tranches commencing on the effective date of the consent. Such transactions may be effected through one or more of the following methods: (i) direct sales on cryptocurrency exchanges; (ii) block trades with specific purchasers; and (iii) Bitcoin pledging arrangements for financing purposes, as an alternative or supplement to liquidity management.

The Board authorized the Chief Executive Officer to determine the timing, price, volume and tranche schedule of sales; to negotiate and execute agreements, documents and instructions with potential purchasers or counterparties in connection with block trades or pledging financings; and to take all actions necessary or advisable to consummate such transactions. The Chief Executive Officer may delegate such authority to senior officers in writing.

The resolutions further authorize each officer and director of the Company, severally, to take further actions and to execute, deliver or cause to be executed and delivered any further documents, notices, instruments, certificates or agreements as such officer or director may deem necessary or desirable to carry out the transactions contemplated by the resolutions, subject to the prior approval of the Chief Executive Officer or the Board. The written consent is effective as of October 30, 2026.

The Company remains focused on its dual-engine strategy of “AI plus digital assets.” Next Technology Holding Inc. was incorporated in Wyoming on March 28, 2019, and delivers AI-enabled SaaS software design, development and implementation to industrial clients across the Asia-Pacific region and beyond. The Company’s digital asset holdings, including Bitcoin, may be pledged for financing or liquidated for cash. There can be no assurance as to the timing, amount, price or completion of any sale or pledging transaction, or that any financing will be secured.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Factors that could cause actual results to differ materially include, among others: the volatility of the price of Bitcoin; the timing, pricing and volume of any sale of the Company’s Bitcoin, and the market liquidity and potential price impact of such sales; the availability and terms of any financing secured by the Company’s Bitcoin, including collateral requirements, margin calls and the risk of forced liquidation; counterparty, exchange and custody risks, including security breaches and cyberattacks; the tax and accounting consequences of any sale or pledge; changes in the regulation of digital assets; and the Company’s ability to execute its business strategy following any such transactions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect its future results in the Company’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q and its other filings with the U.S. Securities and Exchange Commission.

For investor inquiries, please contact: ir@nxtttech.com 

For general inquiries, please contact: contact@nxtttech.com 

Banco Comercial Português, S.A. informs about minimum prudential requirements

Attachment

• 2026 10 30 SREP_EN

TORONTO, Oct. 30, 2026 (GLOBE NEWSWIRE) — Copper Road Resources Inc. (TSX-V: CRD) (“Copper Road” or the “Company”) announced today that it has completed its latest option payments under its agreements for the Ben Nevis Project, keeping the agreements in good standing.   The Company paid a total of $65,000 in cash and issued 500,000 common shares to the optionors.

“We’re excited to keep the Ben Nevis Project agreements moving forward” said Mark Goodman, Interim President and CEO. “We have made great progress in compiling and digitizing historical data as well as completing the Mobile MT Survey. We continue to work towards a drill program in the coming months and coming to meaningful exploration agreements with local First Nations.”

The shares are subject to a statutory hold period of four months and one day from the date of issuance and remain subject to final acceptance by the TSX Venture Exchange.

About Copper Road

Copper Road Resources Inc. is a Toronto-based mineral exploration company focused on acquiring and exploring base and precious metal properties. The Company’s current focus is the Ben Nevis Volcanic Complex Project in the Kirkland Lake–Larder Lake area of northeastern Ontario, within the Blake River Group of the Abitibi greenstone belt. Through four option agreements, the Company is earning a 100% interest in a consolidated land package at Ben Nevis, which it believes has potential to host gold rich volcanogenic massive sulphide (VMS) deposits. The Company’s shares trade on the TSX Venture Exchange under the symbol CRD.

Caution Regarding Forward-Looking Information
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Copper Road. Forward-looking statements include estimates and statements that describe Copper Road Resource’s future plans, objectives or goals, including words to the effect that Copper Road Resources or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Copper Road Resources, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, details of the exploration results, potential mineralization, Copper Road Resource’s treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Offering on disclosed terms or at all, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Copper Road Resources disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

CONTACT: For more information, please contact:

Sonya Pekar
VP Corporate Development
Copper Road Resources Inc.
sonya@copperroadresources.ca
1-647-972-9371

OAK RIDGE, N.C., Oct. 30, 2026 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the third quarter and nine months ended September 30, 2026 and a quarterly cash dividend of $0.16 per common share.

Third Quarter and Nine Months Ended September 30, 2026 Highlights

• Earnings per share of $0.72 for the three months ended September 30, 2026, compared to $0.69 for the same period in 2025, and $0.79 for the three months ended June 30, 2026.
• Net income of $5.6 million, or $2.03 per share, for the nine months ended September 30, 2026, compared to $5.7 million, or $2.08 per share, for the same period in 2025.
• Annualized return on average equity of 10.81% for the three months ended September 30, 2026, compared to 11.26% for the same period in 2025, and 12.10% for the three months ended June 30, 2026.
• Dividends declared per common share of $0.16 for the three months ended September 30, 2026, compared to $0.14 for the same period in 2025, and $0.16 for the three months ended June 30, 2026.
• Tangible book value per common share of $26.84 as of September 30, 2026, compared to $24.98 as of September 30, 2025, and $26.83 as of June 30, 2026.
• Net interest margin of 4.33% for the three months ended September 30, 2026, compared to 4.18% for the same period in 2025, and 4.51% for the three months ended June 30, 2026.
• Efficiency ratio of 66.2% for the three months ended September 30, 2026, compared to 59.0% for the same period in 2025, and 61.8% for the three months ended June 30, 2026.
• Loans receivable of $535.4 million as of September 30, 2026, up 1.7% from $526.6 million as of September 30, 2025, and up 2.5% from $522.1 million as of June 30, 2026.
• Nonperforming assets to total assets of 1.82% as of September 30, 2026, compared to 0.84% as of September 30, 2025, and 1.42% as of June 30, 2026.
• Nonperforming assets were $12.3 million at September 30, 2026, compared to $5.8 million at September 30, 2025, and $9.4 million at June 30, 2026. At September 30, 2026, nonperforming assets included 19 U.S. Small Business Administration (SBA) loans with an aggregate outstanding balance of $11.9 million, or 97% of nonperforming assets, comprising $8.8 million guaranteed by the SBA and a nonguaranteed balance of $3.1 million. Estimated credit losses on these loans are based on the fair value of the collateral, less estimated costs to sell, together with expected recoveries from the SBA guarantee, and have been recognized through the provision for credit losses.
• Securities available-for-sale and held-to-maturity of $91.2 million as of September 30, 2026, down 9.4% from $100.7 million as of September 30, 2025, and down 8.1% from $99.3 million as of June 30, 2026.
• Total deposits of $520.4 million as of September 30, 2026, down 4.2% from $543.2 million as of September 30, 2025, and up 2.9% from $505.7 million as of June 30, 2026.
• Total borrowings, junior subordinated notes and subordinated debentures of $69.2 million as of September 30, 2026, up 14.9% from $60.2 million as of September 30, 2025, and down 2.1% from $70.7 million as of June 30, 2026.
• Total stockholders’ equity of $74.4 million as of September 30, 2026, up 8.5% from $68.5 million as of September 30, 2025, and up 0.1% from $74.3 million as of June 30, 2026. At September 30, 2026, the Bank’s Community Bank Leverage Ratio was 11.7%, compared to 11.5% as of September 30, 2025, and 12.5% as of June 30, 2026.

Tom Wayne, Chief Executive Officer, stated, “Our third quarter net income improved modestly from the prior year’s quarter. Net income increased 5.2% to $2.0 million, or $0.72 per share, compared to $1.9 million, or $0.69 per share, in the third quarter of 2025. The increase reflected a $178,000 increase in net interest income, as our net interest margin improved to 4.33% from 4.18%, and a $765,000 lower provision for credit losses. Those improvements were partially offset by a $367,000 decline in noninterest income, largely because we recognized no gains on the sale of SBA loans this quarter compared to $380,000 a year ago, and by a $458,000 increase in noninterest expense, of which $206,000 reflected higher employer payroll taxes following the recognition of our remaining Employee Retention Credits in 2025. As a result, pre-tax, pre-provision income, which is net interest income plus noninterest income less noninterest expense, was $2.7 million compared to $3.3 million a year ago. Improving this is a priority as we focus on loan growth following the redemption of our subordinated debentures in order to benefit our results. Our net interest margin moderated from 4.51% in the prior quarter but remains solid at 4.33%.

“Year to date, net income of $5.6 million is 1.2% below the same period last year. That comparison largely reflects two factors: we recognized no gains on the sale of SBA loans, compared to $709,000 in the first nine months of 2025; and employer payroll taxes increased $589,000 because the Employee Retention Credits we recognized in 2025 did not recur. Excluding those payroll taxes, salaries and employee benefits were $314,000 lower than in the first nine months of 2025. This year we realigned our organization across the entire Bank. In lending and retail banking, we hired commercial and SBA lenders and filled branch positions, and we strengthened the teams that support them in SBA, credit, sales support, our call center and our interactive teller machine (ITM) center. We also filled key positions in accounting and finance, human resources, marketing, deposit operations, Bank Secrecy Act and anti-money laundering compliance, and loan operations. Each area of the Bank now works more closely together under our executive team. Just as important, we used this realignment to strengthen the Bank’s culture, with a renewed focus on accountability, teamwork and service to our customers. Loans have grown $19.7 million, or 3.8%, since year-end, and we believe these changes have built a stronger foundation for performance and earnings in the periods ahead.

“Nonperforming assets remain our most critical challenge, and reducing them is our highest priority. Nonperforming assets were $12.3 million, or 1.82% of total assets, at quarter-end, including 19 SBA loans totaling $11.9 million, or 97% of nonperforming assets. Of that amount, $8.8 million is guaranteed by the SBA, subject to the Bank’s compliance with SBA loan program requirements. Through our quarterly evaluation of each of these loans under the current expected credit loss (CECL) methodology, we have already recognized $1.9 million of estimated credit losses through our provision for credit losses, reflecting the fair value of the collateral, less estimated costs to sell, and expected recoveries from the SBA guarantee. During the quarter we collected $838,000 of SBA guarantee proceeds, and $4.8 million of these loans are now in the final stages of the guarantee acceptance process. We have implemented a disciplined, loan-by-loan resolution process, with clear ownership, strict adherence to deadlines and monthly tracking of every nonperforming asset through servicing, collateral liquidation and the SBA guarantee process, and we expect this process will move the remaining nonperforming assets off our balance sheet at a faster pace in the quarters ahead.

“Our strong capital position also allowed us to redeem all of our subordinated debentures in September. Replacing debt with an effective rate of 9.82% per annum with Bank funding at approximately 4.15% per annum should save approximately $340,000 in pre-tax interest expense each year, a benefit that will be fully reflected in our results beginning next quarter. Tangible book value per share increased to $26.84, from $24.98 a year ago, and the Bank’s Community Bank Leverage Ratio of 11.7% remains well above well-capitalized levels, giving us the strength to resolve our problem assets while continuing to grow the Bank as we serve our customers and communities. I want to thank our employees for their dedication, our Board of Directors for its guidance, and our stockholders for their continued support.”

Redemption of Subordinated Debentures

On September 15, 2026, the Company redeemed all $6.0 million of its outstanding subordinated debentures. The debentures were redeemed at par, and the Company incurred no prepayment penalty or other redemption costs. The debentures had an effective interest rate of 9.82% per annum in 2026. The redemption was funded through a dividend from the Bank to the Company, and management estimates the Bank’s marginal cost of funding the redemption is approximately 4.15% per annum. Based on that difference, the redemption is expected to reduce the Company’s interest expense by approximately $340,000 annually, or approximately $85,000 per quarter, on a pre-tax basis. The redemption was made possible by the Bank’s strong capital position. The Bank’s Community Bank Leverage Ratio declined to 11.7% at September 30, 2026, from 12.5% at June 30, 2026, reflecting the capital provided to fund the redemption, but remains well above the 8.0% level required to be considered well capitalized.

Dividend Announcement

A quarterly cash dividend of $0.16 per share of common stock is payable on December 1, 2026 to stockholders of record as of the close of business on November 13, 2026. “We are pleased to pay another quarterly cash dividend to our stockholders,” said Mr. Wayne. “Paying stockholders a portion of our earnings reflects our continuing commitment to enhance stockholder value.”

Financial Review

Net Interest Income

For the three months ended September 30, 2026 and 2025, net interest income was $7.0 million and $6.8 million, respectively, an increase of $178,000, or 2.6%. The net interest margin was 4.33% and 4.18%, respectively. Total interest and dividend income decreased $351,000, primarily due to a $203,000 decrease in interest and fees on loans and a $165,000 decrease in interest on investment securities. Total interest expense decreased $529,000, primarily due to a $603,000 decrease in interest expense on deposits and a $50,000 decrease in interest on junior subordinated notes and subordinated debentures, partially offset by a $118,000 increase in interest on Federal Home Loan Bank advances. The yield on average earning assets decreased to 6.12% from 6.28%, and the cost of funds decreased to 1.97% from 2.27%. Average loans decreased $6.8 million to $526.4 million and the average loan yield decreased to 6.43% from 6.50%. Average investment securities decreased $2.6 million to $96.7 million, with an average yield that decreased to 4.69% from 5.23%. Average interest-bearing deposits decreased $39.6 million to $374.7 million and their cost decreased to 2.18% from 2.55%, while average noninterest-bearing deposits increased $9.7 million to $139.0 million and average borrowings increased $16.1 million to $72.2 million. On a linked-quarter basis, net interest income decreased $103,000, or 1.4%, from $7.1 million for the three months ended June 30, 2026, and the net interest margin contracted 18 basis points from 4.51%.

For the nine months ended September 30, 2026 and 2025, net interest income was $20.3 million and $19.9 million, respectively, an increase of $418,000, or 2.1%. The annualized net interest margin was 4.27% and 4.10%, respectively. Total interest and dividend income decreased $1.3 million, primarily due to a $880,000 decrease in interest and fees on loans and a $380,000 decrease in interest on investment securities. Total interest expense decreased $1.7 million, primarily due to a $1.5 million decrease in interest expense on deposits, a $103,000 decrease in interest on junior subordinated notes and subordinated debentures and a $78,000 decrease in interest on Federal Home Loan Bank advances. The yield on average earning assets decreased to 6.09% from 6.24%, and the cost of funds decreased to 1.99% from 2.31%. Average loans decreased $9.5 million to $519.8 million and the average loan yield decreased to 6.39% from 6.50%. Average investment securities decreased $2.4 million to $97.5 million, with an average yield that decreased to 4.71% from 5.10%. Average interest-bearing deposits decreased $28.8 million to $387.3 million and their cost decreased to 2.26% from 2.59%, while average noninterest-bearing deposits increased $10.0 million to $136.3 million and average borrowings decreased $61,000 to $57.6 million.

Provision for Credit Losses and Asset Quality

For the three months ended September 30, 2026 and 2025, the Company recorded provisions for credit losses of $112,000 and $877,000, respectively, a decrease of $765,000, or 87.2%. On a linked-quarter basis, the provision decreased $129,000 from $241,000 for the three months ended June 30, 2026. For the nine months ended September 30, 2026 and 2025, the Company recorded provisions for credit losses of $1.1 million and $1.6 million, respectively. Year to date, net loan charge-offs were $293,000 and the allowance for credit losses increased $749,000 from December 31, 2025 to $6.8 million. For the three months ended September 30, 2026, net loan charge-offs were $5,000. The allowance for credit losses as a percentage of total loans was 1.27% and 1.19% on September 30, 2026 and 2025, respectively, and 1.28% on June 30, 2026.

Nonperforming assets represented 1.82% of total assets on September 30, 2026, compared to 0.84% on September 30, 2025, and 1.42% on June 30, 2026. Nonperforming assets were $12.3 million at September 30, 2026, compared to $5.8 million at September 30, 2025, and $9.4 million at June 30, 2026. At September 30, 2026, nonperforming assets consisted of 28 loans, including 19 SBA loans with an aggregate outstanding balance of $11.9 million, or 97% of nonperforming assets, comprising $8.8 million guaranteed by the SBA and a nonguaranteed balance of $3.1 million. Of the nonperforming SBA loans, guarantee purchase requests have been submitted to the SBA for loans totaling $941,000; $3.8 million are in guarantor disposition, the final stage before the guarantee purchase request is submitted; $3.6 million are in collateral liquidation; and $3.5 million are being actively serviced, in workout or at the demand stage. During the quarter, $3.9 million of loans were placed on nonaccrual status and nonperforming assets were reduced by $1.1 million, including $838,000 of SBA guarantee proceeds. Estimated losses of $1.9 million on nonperforming loans, measured through the Bank’s quarterly individual evaluation of each nonperforming loan under the CECL methodology based on the fair value of the collateral, less estimated costs to sell, and expected recoveries from the SBA guarantee, have been recognized through the provision for credit losses, either charged off or reserved in the allowance for credit losses.

Noninterest Income

Noninterest income totaled $895,000 and $1.3 million for the three months ended September 30, 2026 and 2025, respectively, a decrease of $367,000, or 29.1%, primarily due to a $380,000 decrease in gains on sale of SBA loans, partially offset by a $62,000 increase in insurance commissions. Noninterest income represented 11.3% of total revenue compared to 15.5% for the same quarter in 2025. On a linked-quarter basis, noninterest income increased $73,000 from $822,000 for the three months ended June 30, 2026, primarily due to a $70,000 increase in insurance commissions and a $21,000 increase in service charges on deposit accounts. Insurance commissions included approximately $50,000 accrued in the third quarter to transition the Bank’s insurance department to the accrual basis of accounting.

Noninterest income totaled $2.7 million and $3.3 million for the nine months ended September 30, 2026 and 2025, respectively, a decrease of $544,000, or 16.6%, primarily due to a $709,000 decrease in gains on sale of SBA loans, partially offset by a $181,000 increase in gains on sale of securities. Noninterest income represented 11.8% of total revenue compared to 14.1% for the same period in 2025.

Noninterest Expense

Noninterest expense totaled $5.2 million and $4.8 million for the three months ended September 30, 2026 and 2025, respectively, an increase of $458,000, or 9.6%, primarily due to a $238,000 increase in salaries expense and a $129,000 increase in other expense, partially offset by a $127,000 decrease in equipment expense. Combined, salaries and employee benefits, the largest component of noninterest expense, totaled $3.1 million, an increase of $343,000, or 12.5%, from the same quarter in 2025. Employer payroll taxes increased $206,000, as the Company recognized its remaining Employee Retention Credits as a reduction of payroll tax expense in 2025, with no credits remaining in 2026. Excluding employer payroll taxes, salaries and employee benefits increased $137,000, reflecting higher base salaries of $166,000, group health insurance of $58,000 and lending and other sales commissions of $49,000, partially offset by lower net deferred loan origination costs of $146,000 and incentive compensation of $116,000. The efficiency ratio was 66.2% compared to 59.0% for the same quarter in 2025. On a linked-quarter basis, noninterest expense increased $327,000 from $4.9 million for the three months ended June 30, 2026, primarily due to a $158,000 increase in employee benefits expense, a $60,000 increase in salaries expense and a $51,000 increase in other expense. Combined, salaries and employee benefits increased $218,000, or 7.6%, from the prior quarter. The increase primarily reflected higher base salaries of $156,000, lending and other sales commissions of $105,000 and employee stock ownership plan (ESOP) expense of $86,000, partially offset by lower incentive compensation of $152,000 and stock-based compensation of $68,000. The increase in ESOP expense reflected a true-up to fund the 2025 contribution, completed before the October 15, 2026 deadline, and a higher accrual rate. ESOP expense and incentive compensation are both accrued under a performance-based methodology that measures the Bank’s results against three industry peer groups.

Noninterest expense totaled $14.8 million and $14.2 million for the nine months ended September 30, 2026 and 2025, respectively, an increase of $592,000, or 4.2%, primarily due to a $253,000 increase in salaries expense, a $212,000 increase in other expense and a $207,000 increase in professional and advertising expense. Combined, salaries and employee benefits totaled $8.5 million for the nine months ended September 30, 2026, an increase of $275,000, or 3.3%, from the same period in 2025. Employer payroll taxes increased $589,000 for the same reason. Excluding employer payroll taxes, salaries and employee benefits decreased $314,000, reflecting lower incentive compensation of $352,000 and net deferred loan origination costs of $184,000, partially offset by higher base salaries of $196,000 and group health insurance of $83,000. The efficiency ratio was 64.3% compared to 61.4% for the same period in 2025.

Income Taxes

Income tax expense was $578,000 and $558,000 for the three months ended September 30, 2026 and 2025, respectively, representing effective tax rates of 22.6% and 22.9%. For the nine months ended September 30, 2026 and 2025, income tax expense was $1.6 million and $1.7 million, respectively, representing effective tax rates of 21.7% and 22.7%.

Balance Sheet

Total assets were $673.5 million at September 30, 2026, up $13.2 million or 2.0% from December 31, 2025, and down $8.0 million or 1.2% from September 30, 2025. Loans receivable was $535.4 million at September 30, 2026, up $19.7 million or 3.8% from December 31, 2025, and up $8.8 million or 1.7% from September 30, 2025. Securities available-for-sale and held-to-maturity were $91.2 million at September 30, 2026, down $6.2 million or 6.4% from December 31, 2025, and down $9.5 million or 9.4% from September 30, 2025.

Total deposits were $520.4 million at September 30, 2026, down $14.6 million or 2.7% from December 31, 2025, and down $22.8 million or 4.2% from September 30, 2025. At September 30, 2026, deposits consisted of noninterest-bearing deposits of $141.9 million, interest-bearing checking, savings and money market accounts of $254.5 million, retail time deposits of $100.0 million and brokered time deposits of $24.0 million. Compared to September 30, 2025, noninterest-bearing deposits increased $10.0 million, or 7.6%; interest-bearing checking, savings and money market accounts increased $16.3 million, or 6.9%, including an increase of $32.6 million in reciprocal (ICS) money market deposits; retail time deposits decreased $39.8 million, or 28.5%, including a $24.0 million decrease in certificates of deposit obtained through a listing service; and brokered time deposits decreased $9.3 million, or 27.9%. Compared to June 30, 2026, noninterest-bearing deposits increased $6.9 million, or 5.1%; interest-bearing checking, savings and money market accounts increased $6.2 million, or 2.5%, including an increase of $3.3 million in reciprocal money market deposits; retail time deposits decreased $4.7 million, or 4.5%, including a $10.6 million decrease in listing service certificates of deposit; and brokered time deposits increased $6.2 million, or 35.1%. Noninterest-bearing deposits represented 27.3% and 24.3% of total deposits, and the loan-to-deposit ratio was 102.9% and 96.9%, at September 30, 2026 and 2025, respectively. Total borrowings, junior subordinated notes and subordinated debentures were $69.2 million at September 30, 2026, up $24.0 million or 53.0% from December 31, 2025, and up $9.0 million or 14.9% from September 30, 2025. Federal Home Loan Bank advances were $61.0 million and $46.0 million at September 30, 2026 and 2025, respectively, and the Company had no subordinated debentures outstanding at September 30, 2026, compared to $6.0 million at September 30, 2025.

Total stockholders’ equity was $74.4 million at September 30, 2026, up $3.1 million from December 31, 2025, reflecting year-to-date net income of $5.6 million, dividends declared and other retained earnings activity of $1.3 million, a $1.7 million decline in accumulated other comprehensive income (loss), and a $455,000 increase in common stock from the amortization of restricted stock awards granted in current and prior years, which vest ratably over five years. Equity to total assets was 11.0% and 10.1% at September 30, 2026 and 2025, respectively.

Basis of Presentation

The Company’s investment in a Small Business Investment Company (SBIC) fund, previously included in loans receivable, is presented in other assets for all periods. Certain other amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on previously reported net income, net income available to common shareholders, or stockholders’ equity. Quarterly amounts are presented as year-to-date amounts less prior year-to-date amounts so that quarterly results sum to year-to-date results; individual amounts may differ by $1 thousand from amounts previously reported due to rounding.

About Oak Ridge Financial Services, Inc. and Bank of Oak Ridge

We pride ourselves on knowing your name when you walk through our door. Whether in-person or through our digital offerings, managing your financial well-being is easy, safe, and convenient. We are the longest-running employee-owned community bank in the Triad and have served community members, local businesses, and non-profit organizations since 2000. Learn more about what makes Bank of Oak Ridge the Triad’s community bank by visiting one of our convenient locations in Greensboro, High Point, Summerfield, and Oak Ridge.

Oak Ridge Financial Services, Inc. (OTC Pink: BKOR) is the holding company for Bank of Oak Ridge. Bank of Oak Ridge is a member of the FDIC and an Equal Housing Lender.

Awards & Recognitions | Best Bank in the Triad | Triad’s Top Workplace Finalist | 2016 Better Business Bureau Torch Award for Business Ethics | Triad’s Healthiest Employer Winner

Banking for Business & Personal | Mobile & Online Banking | Debit, Credit + Rewards | Checking, Savings & Money Market | Loans + SBA | Mortgage | Insurance | Wealth Management

Let’s Talk | 336.644.9944 | www.BankofOakRidge.com | Extended Interactive Teller Machine Hours at all Triad Locations

Forward-looking Information This earnings release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of the words “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the Company’s markets, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectability of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, and (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations. The Company undertakes no obligation to update any forward-looking statements.

OAK RIDGE FINANCIAL SERVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share data)
	September 30,			June 30,			December 31,			September 30,
		2026			2026			2025			2025
ASSETS	(unaudited)			(unaudited)			(audited)			(unaudited)
Cash and due from banks	$	8,896		$	8,915		$	8,840		$	8,283
Interest-bearing deposits with banks		8,806			4,130			13,556			20,148
Total cash and cash equivalents		17,702			13,045			22,396			28,431
Securities available-for-sale		75,981			84,003			81,412			83,918
Securities held-to-maturity, net of allowance for credit losses		15,259			15,265			16,030			16,788
Restricted stock, at cost		4,495			4,322			3,059			3,768
Loans receivable		535,353			522,058			515,681			526,588
Allowance for credit losses		(6,779	)		(6,682	)		(6,030	)		(6,277	)
Net loans receivable		528,574			515,376			509,651			520,311
Property and equipment, net		8,690			8,779			8,900			8,970
Accrued interest receivable		3,372			3,302			3,217			3,417
Bank owned life insurance		6,419			6,398			6,356			6,334
Right-of-use assets – operating leases		2,071			2,159			2,328			2,412
Other assets		10,917			7,988			6,936			7,104
Total assets	$	673,480		$	660,637		$	660,285		$	681,453
LIABILITIES
Noninterest-bearing deposits	$	141,883		$	135,002		$	128,408		$	131,877
Interest-bearing deposits		378,492			370,745			406,521			411,297
Total deposits		520,375			505,747			534,929			543,174
Federal funds purchased		–			–			–			–
Federal Home Loan Bank advances		61,000			56,500			31,000			46,000
Junior subordinated notes – trust preferred securities		8,248			8,248			8,248			8,248
Subordinated debentures, net of discount		–			6,000			6,000			6,000
Lease liabilities – operating leases		2,071			2,159			2,328			2,412
Accrued interest payable		577			585			521			772
Other liabilities		6,848			7,085			5,968			6,321
Total liabilities		599,119			586,324			588,994			612,927
STOCKHOLDERS’ EQUITY
Common stock		27,729			27,591			27,274			27,153
Retained earnings		48,199			46,660			43,851			41,912
Net unrealized gain (loss) on debt securities, net of tax		(3,341	)		(443	)		313			(212	)
Net unrealized gain (loss) on hedging derivative instruments, net of tax		1,774			505			(147	)		(327	)
Total accumulated other comprehensive income (loss)		(1,567	)		62			166			(539	)
Total stockholders’ equity		74,361			74,313			71,291			68,526
Total liabilities and stockholders’ equity	$	673,480		$	660,637		$	660,285		$	681,453
Common shares outstanding		2,770,250			2,770,250			2,741,350			2,742,820
Common shares authorized		50,000,000			50,000,000			50,000,000			50,000,000

OAK RIDGE FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except share data)
	Three Months Ended							Nine Months Ended
	September 30,		June 30,			September 30,		September 30,		September 30,
		2026		2026			2025		2026		2025
Interest and dividend income:
Loans and fees on loans	$	8,539	$	8,555		$	8,742	$	24,864	$	25,744
Interest on deposits in banks		166		91			163		474		528
Restricted stock dividends		70		54			56		170		168
Interest on investment securities		1,143		1,144			1,308		3,434		3,814
Total interest and dividend income		9,918		9,844			10,269		28,942		30,254
Interest expense:
Deposits		2,063		2,027			2,666		6,535		8,064
Federal funds purchased		23		8			17		33		53
Federal Home Loan Bank advances		580		426			462		1,290		1,368
Junior subordinated notes and subordinated debentures		242		270			292		773		876
Total interest expense		2,908		2,731			3,437		8,631		10,361
Net interest income		7,010		7,113			6,832		20,311		19,893
Provision for credit losses		112		241			877		1,053		1,583
Net interest income after provision for credit losses		6,898		6,872			5,955		19,258		18,310
Noninterest income:
Service charges on deposit accounts		225		204			249		634		705
Gain (loss) on sale of securities		–		(1	)		–		223		42
Insurance commissions		230		160			168		548		507
Gain on sale of Small Business Administration loans		–		–			380		–		709
Debit and credit card interchange income		273		293			294		827		862
Income from Small Business Investment Company		14		24			12		54		27
Income earned on bank owned life insurance		22		20			22		63		66
Other service charges and fees		131		122			137		377		352
Total noninterest income		895		822			1,262		2,726		3,270
Noninterest expenses:
Salaries		2,624		2,564			2,386		7,416		7,163
Employee benefits		470		312			365		1,089		1,067
Occupancy		253		262			257		880		829
Equipment		213		192			340		588		713
Data and item processing		555		511			496		1,660		1,546
Professional and advertising		276		274			201		847		640
Stationary and supplies		26		28			30		81		90
Telecommunications		67		70			83		214		263
FDIC assessment		85		80			82		238		322
Other expense		664		613			535		1,799		1,587
Total noninterest expenses		5,233		4,906			4,775		14,812		14,220
Income before income taxes		2,560		2,788			2,442		7,172		7,360
Income tax expense		578		612			558		1,554		1,671
Net income and income available to common shareholders	$	1,982	$	2,176		$	1,884	$	5,618	$	5,689
Basic income per common share	$	0.72	$	0.79		$	0.69	$	2.03	$	2.08
Diluted income per common share	$	0.72	$	0.79		$	0.69	$	2.03	$	2.08
Basic weighted average shares outstanding		2,770,250		2,770,736			2,747,774		2,761,754		2,741,329
Diluted weighted average shares outstanding		2,770,250		2,770,736			2,747,774		2,761,754		2,741,329

OAK RIDGE FINANCIAL SERVICES, INC.
Selected Financial Data
	As Of Or For The Three Months Ended,															Nine Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			September 30,		September 30,
		2026			2026			2026			2025			2025		2026		2025
Return on average common stockholders’ equity (1)		10.81	%		12.10	%		8.24	%		13.39	%		11.26	%	10.40	%	11.81	%
Tangible book value per share	$	26.84		$	26.83		$	25.99		$	26.01		$	24.98
Return on average assets (1)		1.18	%		1.32	%		0.90	%		1.37	%		1.11	%	1.13	%	1.13	%
Net interest margin (1)		4.33	%		4.51	%		3.98	%		4.10	%		4.18	%	4.27	%	4.10	%
Efficiency ratio		66.2	%		61.8	%		64.9	%		63.8	%		59.0	%	64.3	%	61.4	%
Nonperforming assets to total assets		1.82	%		1.42	%		1.42	%		1.07	%		0.84	%
Allowance for credit losses to total loans		1.27	%		1.28	%		1.25	%		1.17	%		1.19	%
Bank’s Community Bank Leverage Ratio		11.7	%		12.5	%		12.2	%		11.9	%		11.5	%

(1) Annualized

Contact: Skylar Mearing, Marketing Director
Phone: 336.662.4840

SPRINGFIELD, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) — Paul Mueller Company (OTC: MUEL) today announced earnings for the Third quarter ended September 30, 2026.

PAUL MUELLER COMPANY
NINE-MONTH REPORT
Unaudited
(In thousands)
CONSOLIDATED STATEMENTS OF INCOME
			Three Months Ended						Nine Months Ended								Twelve Months Ended
			September 30						September 30								September 30
				2026			2025			2026				2025				2026				2025
Net Sales			$	92,460		$	61,375		$	252,650			$	192,859			$	346,792			$	263,333
Cost of Sales				64,266			45,348			181,199				131,146				243,254				175,811
Gross Profit			$	28,194		$	16,027		$	71,451			$	61,713			$	103,538			$	87,522
Selling, General and Administrative Expense				13,293			10,298			39,466				35,163				54,566				47,398
Operating Income			$	14,901		$	5,729		$	31,985			$	26,550			$	48,972			$	40,124
Interest Income 1				305			596			1,206				1,223				1,706				1,178
Other Income (Expense) 1				65			43			35				137				435				630
Income before Provision for Income Taxes			$	15,271		$	6,368		$	33,226			$	27,910			$	51,113			$	41,932
Provision for Income Taxes				3,612			1,487			7,849				6,472				12,497				9,353
Net Income			$	11,659		$	4,881		$	25,377			$	21,438			$	38,616			$	32,579
Earnings per Common Share –– Basic and Diluted			$	12.98		$	5.25		$	28.25			$	23.00			$	42.98			$	34.90
1. Has been reclassified to move Interest Income out of Other Income (Expense) and net it with Interest Expense on the Interest Income line for all periods being presented.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
		Nine Months Ended
		September 30
			2026				2025
Net Income		$	25,377			$	21,438
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment			(1,010	)			3,166
Comprehensive Income		$	24,367			$	24,605

CONSOLIDATED BALANCE SHEETS
		September 30				December 31
			2026				2025
Cash and Cash Equivalents		$	19,200			$	29,883
Marketable Securities			2,785				19,913
Accounts Receivable, net			58,758				41,719
Inventories (FIFO)			49,654				52,715
LIFO Reserve			(21,745	)			(21,051	)
Inventories (LIFO)			27,909				31,664
Current Net Investments in Sales-Type Leases			72				62
Other Current Assets			16,045				5,758
Current Assets		$	124,769			$	128,999
Net Property, Plant, and Equipment			93,823				79,083
Right of Use Assets			2,172				2,276
Other Assets			1,481				1,625
Long-Term Net Investments in Sales-Type Leases			2,970				2,338
Total Assets		$	225,215			$	214,321
Accounts Payable		$	14,949			$	17,750
Current Maturities and Short-Term Debt			452				468
Current Lease Liabilities			388				403
Advance Billings			21,552				36,362
Other Current Liabilities			58,790				52,594
Current Liabilities		$	96,131			$	107,577
Long-Term Debt			4,746				5,265
Other Long-Term Liabilities			1,527				1,618
Lease Liabilities			703				904
Total Liabilities		$	103,107			$	115,364
Shareholders’ Investment			122,108				98,957
Total Liabilities and Shareholders’ Investment		$	225,215			$	214,321

SELECTED FINANCIAL DATA
	September 30			December 31
	2026			2025
Book Value per Common Share	$	135.97		$	110.09
Total Shares Outstanding		898,059			898,883
Backlog	$	245,594		$	243,606

CONSOLIDATED STATEMENT OF SHAREHOLDERS’ INVESTMENT
		Common Stock			Paid-in Surplus			Retained Earnings				Treasury Stock				Accumulated Other Comprehensive Income (Loss)				Total
Balance, December 31, 2025		$	1,508		$	9,708		$	129,674			$	(39,511	)		$	(2,422	)		$	98,957
Add (Deduct):
Net Income									25,377												25,377
Other Comprehensive Income, Net of Tax																	(1,010	)			(1,010	)
Dividends									(853	)											(853	)
Treasury Stock Acquisition													(363	)							(363	)
Other																					–
Balance, September 30, 2026		$	1,508		$	9,708		$	154,198			$	(39,874	)		$	(3,432	)		$	122,108

CONSOLIDATED STATEMENT OF CASH FLOWS
	Nine Months Ended September 30, 2026				Nine Months Ended September 30, 2025
Operating Activities:
Net Income	$	25,377			$	21,438
Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation & Amortization		7,167				5,323
ROU Asset Amortization		36				–
Unrealized Gain on Trading Securities		(113	)			–
Interest Income		723				–
Deferred Tax Expense		–				288
Gain on Sales of Equipment		–				(42	)
Loss on Disposal of Equipment		649				647
Change in Assets and Liabilities
(Inc) in Accts and Notes Receivable		(17,269	)			(7,843	)
(Inc) in Cost in Excess of Estimated Earnings and Billings		–				(870	)
(Inc) Dec in Inventories		4,116				(5,976	)
(Inc) in Prepayments		(10,291	)			(4,752	)
(Inc) in Net Investment in Sales-Type Leases		(725	)			(754	)
Dec in Other Assets		635				2,313
(Dec) Inc in Accounts Payable		(2,649	)			(126	)
(Dec) Inc in Accrued Income Tax		(333	)			(443	)
Inc (Dec) in Other Accrued Expenses		(2,174	)			1,295
Inc (Dec) in Advance Billings		(14,762	)			12,611
Inc in Billings in Excess of Costs and Estimated Earnings		8,806				3,190
Principal payments of Lease Liability for Operating		(266	)			(251	)
Inc(Dec) in Long Term Deferred Tax Liabilities		(86	)			24
Inc (Dec) in Other Long-Term Liabilities		39				(1,739	)
Net Cash (Required) for Operating Activities	$	(1,120	)		$	24,334
Investing Activities
Purchases of Marketable Securities		(16,919	)			(26,822	)
Proceeds from Sales of Marketable Securities		33,436				22,923
Proceeds from Sales of Equipment		51				42
Additions to Property, Plant, and Equipment		(23,986	)			(21,106	)
Net Cash (Required) for Investing Activities	$	(7,418	)		$	(24,963	)
Financing Activities
Principal payments of Lease Liability for Financing		(57	)			(70	)
(Repayment) of Short-Term Borrowings, Net		(234	)			(5,186	)
Proceeds of Short-Term Borrowings, Net		234				2,136
(Repayment) of Long-Term Debt		(733	)			(2,187	)
Dividends Paid		(853	)			(774	)
Treasury Stock Acquisitions		(363	)			(1,779	)
Net Cash (Required) for Financing Activities	$	(2,006	)		$	(7,860	)
Effect of Exchange Rate Changes		(139	)			1,132
Net Decrease in Cash and Cash Equivalents	$	(10,683	)		$	(7,357	)
Cash and Cash Equivalents at Beginning of Year		29,883				21,169
Cash and Cash Equivalents at End of Quarter	$	19,200			$	13,812

PAUL MUELLER COMPANY SUMMARIZED NOTES TO THE FINANCIAL STATEMENTS (In thousands)

A. The table below depicts the net revenue on a consolidating basis for the three months ended September 30.

Three Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	77,896		$	48,950			$	28,946
Mueller BV	$	14,654		$	12,442			$	2,212
Eliminations	$	(90	)	$	(17	)		$	(73	)
Net Revenue	$	92,460		$	61,375			$	31,085

The table below depicts the net revenue on a consolidating basis for the nine months ended September 30.

Nine Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	206,282		$	157,955			$	48,327
Mueller BV	$	46,479		$	35,021			$	11,458
Eliminations	$	(111	)	$	(117	)		$	6
Net Revenue	$	252,650		$	192,859			$	59,791

The table below depicts the net revenue on a consolidating basis for the twelve months ended September 30.

Twelve Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	284,198		$	215,870			$	68,328
Mueller BV	$	62,716		$	47,903			$	14,813
Eliminations	$	(122	)	$	(440	)		$	318
Net Revenue	$	346,792		$	263,333			$	83,459

The table below depicts the net income on a consolidating basis for the three months ended September 30.

Three Months Ended September 30
Net Income		2026		2025			Variance
Domestic	$	10,637	$	4,682			$	5,955
Mueller BV	$	1,020	$	208			$	812
Eliminations	$	2	$	(9	)		$	11
Net Income	$	11,659	$	4,881			$	6,778

      
The table below depicts the net income on a consolidating basis for the nine months ended September 30.

Nine Months Ended September 30
Net Income		2026		2025			Variance
Domestic	$	21,945	$	21,032			$	913
Mueller BV	$	3,430	$	408			$	3,022
Eliminations	$	2	$	(2	)		$	4
Net Income	$	25,377	$	21,438			$	3,939

The table below depicts the net income on a consolidating basis for the twelve months ended September 30.

Twelve Months Ended September 30
Net Income		2026			2025			Variance
Domestic	$	34,009		$	31,927			$	2,082
Mueller BV	$	4,610		$	680			$	3,930
Eliminations	$	(3	)	$	(28	)		$	25
Net Income (Loss)	$	38,616		$	32,579			$	6,037

B. The backlog as of September 30, 2026 remains strong at $245.6 million compared to $250.4 million at September 30, 2025, with the majority being in Industrial Equipment. The U.S. backlog is $231.4 million at September 30, 2026 compared to $238.4 million at September 30, 2025. In the Netherlands, the backlog has increased to $14.2 million at September 30, 2026 from $12.1 million at September 30, 2025.

C. Revenue is up from the previous year by $31.1 million on a three-month basis and up $83.5 million for the trailing twelve months. Revenues in the U.S. are up $28.9 million for the three months and $68.3 million for the twelve months, with the increases primarily from the Industrial Equipment segment. In the Netherlands, revenues are up $2.2 million on a three-month basis and $14.8 million on a twelve-month basis.

Net Income is more than double the previous year for the same three-month period, increasing to $11.7 million driven by revenue increases. For the three-month period net income is up $6.8 million and is up $6.0 million for the trailing twelve months. Net Income in the U.S. is up $6.0 million for the three months and $2.1 million for the twelve months. In the Netherlands, Net Income is up $0.8 million on a three-month basis and $3.9 million on a twelve-month basis.

As a percentage of revenue, Domestic net income rose to 13.7% compared to 9.6% for the same three-month period in 2025. Domestic profitability improves as we continue the transition into the new module fabrication building. The move added critical capacity to achieve our 30.6% domestic revenue growth year-to-date. We continue to see strong profitability in our other domestic markets as well. Our Dutch subsidiary’s revenue and net income increased 17.8% and 390.4% for the quarter, respectively. Demand in European dairy farm markets remains strong, resulting in an increased backlog despite double-digit revenue growth.

We manage our business in the U.S. looking at earnings before tax (EBT) and excluding the effects of LIFO. This non-GAAP adjusted EBT (as shown in the table below) is up $8.4 million for the three months, $0.6 million for the nine months and $4.2 million for the trailing twelve months.

	Ended September 30
	Three Months					Nine Months				Twelve Months
(In Thousands)		2026		2025			2026		2025		2026		2025
Domestic Net Income	$	10,637	$	4,682		$	21,945	$	21,032	$	34,009	$	31,927
Income Tax Expense	$	3,266	$	1,411		$	6,673	$	6,331	$	10,968	$	9,092
Domestic EBT – GAAP	$	13,903	$	6,093		$	28,618	$	27,363	$	44,977	$	41,019
LIFO Adjustment	$	158	$	(438	)	$	694	$	1,314	$	285	$	(2	)
Domestic EBT – Non-GAAP	$	14,061	$	5,655		$	29,312	$	28,677	$	45,262	$	41,017

D. The consolidated financials are affected by the euro to dollar exchange rate when consolidating Mueller B.V., the Dutch subsidiary. The month-end euro to dollar exchange rate was 1.17 for September 2025, 1.17 for December 2025, and 1.13 for September 2026.

This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors, including, but not limited to, the factors described in the Company’s Annual Report under “Safe Harbor for Forward-Looking Statements”, which is available at paulmueller.com. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.

The accounting policies related to this report and additional management discussion and analysis are provided in the 2025 annual report, available at
www.paulmueller.com.

Press Contact: Dan Winters | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9000
dwinters@paulmueller.com | https://paulmueller.com

AIKEN, South Carolina, Oct. 30, 2026 (GLOBE NEWSWIRE) — Security Federal Corporation (the “Company”) (OTCID: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced earnings and financial results for the three and nine months ended September 30, 2026.

Third Quarter Financial Highlights

Net income available to common shareholders was $3.6 million, or $1.16 per common share, for the third quarter of 2026, an increase of $413,000, or 13.0% compared to the third quarter of 2025. The increase in net income was driven by higher net interest income (up $592,000, or 4.9%) and non-interest income (up $157,000, or 6.0%), which offset increased non-interest expense (up $115,000, or 1.1%) and provision for credit losses (no provision in 2026 compared to a $200,000 reversal in the third quarter of 2025).

		Quarter Ended
(Dollars in Thousands, except for Earnings per Share)		9/30/2026				9/30/2025
Total interest income		$	19,149			$	20,131
Total interest expense			6,478				8,052
Net interest income			12,671				12,079
Provision for credit losses			–				(200	)
Net interest income after provision for credit losses			12,671				12,279
Non-interest income			2,791				2,634
Non-interest expense			10,466				10,351
Income before income taxes			4,996				4,562
Provision for income taxes			994				973
Net income			4,002				3,589
Preferred stock dividends			415				415
Net income available to common shareholders		$	3,587			$	3,174
Earnings per common share (basic)		$	1.16			$	1.01

Year-to-Date (Nine Months) Comparative Financial Highlights

Net income available to common shareholders was $10.4 million, or $3.35 per common share, for the first nine months of 2026, an increase of $2.2 million, or 27.5% compared to the first nine months of 2025. The increase in net income was driven by higher net interest income (up $2.8 million, or 8.2%) and non-interest income (up $1.3 million, or 16.3%), which more than offset the increase in provision for credit losses (up $665,000) and higher non-interest expense (up $1.0 million, or 3.3%). 

	For the Nine Months Ended
(Dollars in Thousands, except for Earnings per Share)	9/30/2026				9/30/2025
Total interest income	$	56,896			$	58,813
Total interest expense		19,435				24,194
Net interest income		37,461				34,619
Provision for credit losses		465				(200	)
Net interest income after provision for credit losses		36,996				34,819
Non-interest income		8,924				7,673
Non-interest expense		31,568				30,553
Income before income taxes		14,352				11,939
Provision for income taxes		2,731				2,555
Net income		11,621				9,384
Preferred stock dividends		1,245				1,245
Net income available to common shareholders	$	10,376			$	8,139
Earnings per common share (basic)	$	3.35			$	2.57

Credit Quality

The Company recorded a $350,000 provision for credit losses on loans and a $115,000 provision for credit losses on unfunded commitments, resulting in a total provision for credit losses of $465,000 for the first nine months of 2026 compared to a $317,000 reversal of provision for credit losses on loans and a $117,000 provision for credit losses on unfunded commitments, resulting in a $200,000 net reversal in the provision for credit losses for the first nine months of 2025. The following table shows the non-performing assets and allowance for credit losses balances at the periods indicated.

At Period End (dollars in thousands):	9/30/2026			12/31/2025			9/30/2025
Non-performing assets	$	5,339		$	5,842		$	5,669
Non-performing assets to total assets		0.33	%		0.36	%		0.35	%
Allowance for credit losses	$	13,597		$	13,529		$	13,603
Allowance for credit losses to gross loans		1.96	%		1.97	%		1.97	%

Balance Sheet Highlights and Capital Ratios

Dollars in thousands (except per share amounts)	9/30/2026			12/31/2025			9/30/2025
Total assets	$	1,624,945		$	1,618,084		$	1,612,017
Cash and cash equivalents		110,342			75,335			51,805
Total loans receivable, net		681,588			676,182			678,114
Investment securities		739,026			776,285			789,261
Deposits		1,385,140			1,371,777			1,365,470
Borrowings		26,683			35,262			39,044
Total shareholders’ equity		200,031			200,455			194,791
Common shareholders’ equity		117,082			117,506			111,842
Common equity book value per share	$	37.94		$	37.74		$	35.80
Total risk based capital to risk weighted assets (1)		21.56	%		20.56	%		19.93	%
CET1 capital to risk weighted assets (1)		20.31	%		19.30	%		18.67	%
Tier 1 leverage capital ratio (1)		11.04	%		10.18	%		10.14	%
(1) – Ratio is calculated using Bank only information and not consolidated information

The Company announced that its Board of Directors has authorized the repurchase of up to 124,035 shares of the Company’s outstanding common stock under its current repurchase program at such prices as may be determined by the Company’s management.

Security Federal has 19 full-service branches located in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, Georgia. A full range of financial services, including trust and investments, are provided by the Bank and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.

CONTACT: For additional information contact Nathan Crowe, Chief Financial Officer, at (803) 641-3000.

LOS ANGELES, Oct. 30, 2026 (GLOBE NEWSWIRE) — Taitron Components Incorporated (OTCID:TAIT) today announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on November 25, 2026 to shareholders of record as of the close of business on November 13, 2026. Under its current dividend policy, the Company will target a cash dividend to our shareholders in the amount of $0.16 per share per annum, payable in equal $0.04 per share quarterly installments.

Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors’ continuing determination that the dividend policy is in the best interests of the Company’s shareholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.

About Taitron Components

Taitron, based in Valencia, California, is the “Discrete Components Superstore”. The Company distributes a wide variety of transistors, diodes and other discrete semiconductors, optoelectronic devices and passive components to electronic distributors, contract electronics manufacturers (CEMs) and original equipment manufacturers (OEMs), who incorporate them into their products. In addition, Taitron provides value-added engineering and turn-key services for our existing OEM and CEM customers and provides them with original design and manufacturing services for their multi-year turnkey projects.

CONTACTS:

Taitron Components Incorporated

Stewart Wang – T: 661-257-6060