Tribe Property Applied sciences Achieves Report Income of $8.4 million and First Constructive Adjusted EBITDA Quarter

Tribe Property Applied sciences Inc. (TSXV: TRBE) (OTCQB: TRPTF)(“Tribe” or the “Firm”), a number one supplier of technology-elevated property administration options, at present broadcasts its monetary outcomes for the fiscal yr and fourth quarter ended December 31, 2024. All quantities are acknowledged in Canadian {dollars} on an as reported foundation underneath IFRS (Worldwide Monetary Reporting Requirements) except in any other case indicated.

• Tribe achieved document income within the fourth quarter 2024 of $8.43 million; a rise of 64.9% in comparison with $5.11 million for the fourth quarter of 2023.
• Income for fiscal 2024 was $28.26 million; a rise of 46% in comparison with $19.39 million for fiscal 2023.
• Tribe achieved optimistic Adjusted EBITDA within the fourth quarter 2024 of $727 thousand, an enchancment of $1.8 million over fourth quarter of 2023.

Joseph Nakhla, Tribe’s CEO commented, “We’re thrilled to announce our distinctive efficiency for the fourth quarter and monetary yr 2024, marked by record-breaking income and a flip to optimistic Adjusted EBITDA in This autumn-2024, marking a pivotal milestone in Tribe’s path to sustained profitability and money circulate era. Our efforts are yielding vital outcomes mirrored in our improved gross margin, lowered money burn, and the numerous enchancment in our Adjusted EBITDA all year long. As one of many largest Canadian-owned property administration service suppliers, Tribe continues to navigate numerous financial cycles with power and self-discipline, and we imagine the rising sentiment in the direction of ‘Purchase Canadian’ presents alternatives to additional strengthen our market place.

Angelo Bartolini, Tribe’s CFO, acknowledged, “Tribe stays dedicated to reaching profitability by strategic steps to strengthen its monetary place and guarantee sustainable success. The corporate continues to reveal resilience, supported by its excessive recurring income. Over 85% of complete income is generated from software program and companies contracts, offering monetary stability and predictable money flows. Tribe confirms that ongoing commerce uncertainties and potential tariff escalations between the U.S. and Canada don’t have any materials impression on our enterprise. The profitable completion of the $1,087,882 non-brokered non-public placement in Q1, 2025, priced at a premium to the 20-day quantity weighted common value, displays the arrogance of the manager management staff and Board of Administrators in Tribe’s long-term potential and the idea that the Firm’s shares stay undervalued. This financing strengthens Tribe’s steadiness sheet, permitting for additional debt and payable reductions, whereas sustaining monetary stability amid market turbulence.

Fiscal 2024 Annual Monetary Highlights:

• Income: Income for fiscal 2024 was $28.26 million; a rise of 46% in comparison with $19.39 million for fiscal 2023. The rise in income was primarily attributable to a 73% enhance in software program and repair charges because of income development and acquisitions in Ontario.
• Gross revenue: Gross revenue for fiscal 2024 was $10.73 million (41.1%) in comparison with $6.63 million (41.0%) in fiscal 2023.
• Adjusted EBITDA: Adjusted EBITDA for the fiscal 2024 was a lack of $1.92 million; an enchancment of 70.7% in comparison with a lack of $6.56 million in fiscal 2023.

This autumn-2024 Monetary Highlights:

• Income: Tribe achieved document income within the fourth quarter 2024 with income of $8.43 million; a rise of 64.9% in comparison with $5.11 million for the fourth quarter of 2023.
• Gross revenue: Gross revenue for the fourth quarter of 2024 was $3.52 million in comparison with $2.11 million; a rise of 66.5% within the fourth quarter of 2023.
• Adjusted EBITDA: Adjusted EBITDA for the fourth quarter of 2024 was $0.73 million; an enchancment of 169% in comparison with a lack of $1.05 million within the fourth quarter of 2023.

Occasions Subsequent to December 31, 2024:

• On March 31, 2025, the Firm introduced closing of its upsized non-brokered non-public placement led by the corporate’s senior management staff and Board of Administrators priced above the 20-day Quantity Weighted Common Value buying and selling value as of the announcement date to boost gross proceeds of roughly $1,087,882 (the “Financing”). The online proceeds of the Financing can be utilized by the Firm to retire debt funds and scale back payables.
• On January 22, 2025, the Firm introduced its partnership with Electrical Asset Inc., a supplier of clever vitality administration options, enabling strata firms throughout British Columbia to adjust to necessary legislative necessities whereas advancing vitality effectivity and sustainability initiatives.

Administration stays optimistic that 2025 can be a powerful yr for Tribe, with improved income development, profitability and increasing margins. As well as, the Firm expects to additional increase its development by acquisitions. Tribe stays resilient within the present greater rate of interest setting with expertise options that profit our purchasers. The Firm’s key objectives for 2025 are as follows:

• Improve month-to-month recurring income. Development can be fueled by touchdown new property administration agreements, onboarding extra communities onto the Tribe platform, profitable new software program licensing agreements and growing digital companies income.
• Pursue strategic acquisitions. Tribe is at the moment in lively negotiations with a number of worthwhile acquisition targets which it expects to announce within the coming quarters and can be instantly accretive.
• Enhancing profitability. The Firm expects to proceed driving efficiencies within the enterprise leading to improved gross margins and enhancing Tribe’s EBITDA profile.
• Proceed to innovate. Tribe is dedicated to investing in its software program platform, including performance and leveraging synthetic intelligence in an effort to preserve its business management place.

Fourth Quarter and Fiscal 2024 Monetary Outcomes Webinar

The Firm will maintain a convention name and simultaneous webcast to debate its outcomes on April 14, 2025 at 5 pm ET (2:00 pm PT). The decision can be hosted by Joseph Nakhla, Chief Govt Officer, and Angelo Bartolini, Chief Monetary Officer. Please dial-in 10 minutes prior to begin of the decision.

Webinar Particulars:

Please join 5 minutes previous to the convention name to make sure time for any software program obtain which may be required.

Non-IFRS Measures

The next and previous dialogue of economic outcomes contains reference to Gross Revenue, Gross Revenue Share and Adjusted EBITDA, that are all non-IFRS monetary measures. The measure of Gross Profit2 and Gross Revenue Percentage2 is supplied as administration believes it is a good indicator in evaluating the working efficiency of the Firm. Adjusted EBITDA1 is supplied as a proxy for the money earnings (loss) from the operations of the enterprise as working earnings (loss) for the Firm contains non-cash amortization and depreciation expense and stock-based compensation.

Monetary Statements and Administration’s Dialogue & Evaluation

Please see the consolidated monetary statements and associated Administration’s Dialogue & Evaluation (“MD&A”) for extra particulars. The unaudited consolidated monetary statements for the fiscal yr and fourth quarter ended December 31, 2024 and associated MD&A have been reviewed and authorized by Tribe’s Audit Committee and Board of Administrators. Tribe acknowledges that almost all of its buyers at the moment are accessing company and monetary data both by pushed information companies, immediately from www.tribetech.com or SEDAR. Thus, Tribe has ready this truncated information launch to alert buyers to its outcomes and {that a} extra detailed clarification and evaluation is available within the MD&A. These experiences have been filed on SEDAR at www.sedar.com and posted at www.tribetech.com.

Footnotes

“Joseph Nakhla”
Chief Govt Officer
1606-1166 Alberni Avenue
Vancouver, British Columbia V6E 3Z3
Telephone: (604) 343-2601
Electronic mail: joseph.nakhla@tribetech.com

About Tribe Property Applied sciences

Tribe is a property expertise firm that’s disrupting the standard property administration business. As a quickly rising tech-forward property administration firm, Tribe’s built-in service-technology supply mannequin serves the wants of a a lot wider number of stakeholders than conventional service suppliers. Tribe seeks to amass extremely accretive targets within the fragmented North American property administration business and remodel these companies by streamlining and digitization of operations. Tribe’s platform decreases buyer acquisition prices, will increase retention, and permits for the addition of value-added services and products by the platform. Go to tribetech.com for extra data.

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Cautionary Assertion on Ahead-Trying Data

This information launch could include sure “Ahead-Trying Statements” throughout the that means of the USA Non-public Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines concerning the Firm and its enterprise. When or if used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “anticipate”, “goal, “plan”, “forecast”, “could”, “schedule” and comparable phrases or expressions establish forward-looking statements or data. Ahead-looking statements or data on this information launch could relate to statements with respect to the goals and objectives of the Firm; monetary projections; development plans together with future potential consolidation within the property administration sector; future acquisitions by the Firm and impression on the Firm; 2025 outlook; beliefs of the Firm with respect to the unbiased owner-investors market; potential advantages of the Firm’s platform; and different components or data. Such statements characterize the Firm’s present views with respect to future occasions and are essentially based mostly upon a number of assumptions and estimates that, whereas thought of affordable by the Firm, are inherently topic to vital enterprise, financial, aggressive, political, and social dangers, contingencies, and uncertainties. Many components, each recognized and unknown, may trigger outcomes, efficiency, or achievements to be materially completely different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and don’t assume any obligation, to replace these forward-looking statements or data to replicate modifications in assumptions or modifications in circumstances or another occasions affecting such statements and knowledge aside from as required by relevant legal guidelines, guidelines, and rules.

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