Tribe Property Technologies Achieves Record Revenue of $8.4 million and

Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF)(“Tribe” or the “Company”), a leading provider of technology-elevated property management solutions, today announces its financial results for the fiscal year and fourth quarter ended December 31, 2024. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated.

• Tribe achieved record revenue in the fourth quarter 2024 of $8.43 million; an increase of 64.9% compared to $5.11 million for the fourth quarter of 2023.
• Revenue for fiscal 2024 was $28.26 million; an increase of 46% compared to $19.39 million for fiscal 2023.
• Tribe achieved positive Adjusted EBITDA in the fourth quarter 2024 of $727 thousand, an improvement of $1.8 million over fourth quarter of 2023.

Joseph Nakhla, Tribe’s CEO commented, “We are thrilled to announce our exceptional performance for the fourth quarter and fiscal year 2024, marked by record-breaking revenue and a turn to positive Adjusted EBITDA in Q4-2024, marking a pivotal milestone in Tribe’s path to sustained profitability and cash flow generation. Our efforts are yielding significant results reflected in our improved gross margin, reduced cash burn, and the significant improvement in our Adjusted EBITDA throughout the year. As one of the largest Canadian-owned property management service providers, Tribe continues to navigate various economic cycles with strength and discipline, and we believe the growing sentiment towards ‘Buy Canadian’ presents opportunities to further strengthen our market position.

Angelo Bartolini, Tribe’s CFO, stated, “Tribe remains committed to achieving profitability through strategic steps to strengthen its financial position and ensure sustainable success. The company continues to demonstrate resilience, supported by its high recurring revenue. Over 85% of total revenue is generated from software and services contracts, providing financial stability and predictable cash flows. Tribe confirms that ongoing trade uncertainties and potential tariff escalations between the U.S. and Canada have no material impact on our business. The successful completion of the $1,087,882 non-brokered private placement in Q1, 2025, priced at a premium to the 20-day volume weighted average price, reflects the confidence of the executive leadership team and Board of Directors in Tribe’s long-term potential and the belief that the Company’s shares remain undervalued. This financing strengthens Tribe’s balance sheet, allowing for further debt and payable reductions, while maintaining financial stability amid market turbulence.

Fiscal 2024 Annual Financial Highlights:

• Revenue: Revenue for fiscal 2024 was $28.26 million; an increase of 46% compared to $19.39 million for fiscal 2023. The increase in revenue was primarily due to a 73% increase in software and service fees as a result of revenue growth and acquisitions in Ontario.
• Gross profit: Gross profit for fiscal 2024 was…