CALGARY, AB / ACCESS Newswire / May 12, 2026 / GINSMS Inc. (TSXV:GOK) ("GINSMS" or the "Corporation") has announced its financial results for the first quarter ended March 31, 2026.

This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Quarterly Reporting Exemption"). GINSMS does not intend to file an interim financial report and related MD&A in reliance on the Quarterly Reporting Exemption for this first quarter ended March 31, 2026.

The financial information for this first quarter contained in this press release is disclosed to allow GINSMS' ultimate holding company, Beat Holdings Limited ("BHL"), a public company in Japan, to use certain of GINSMS' financial information in the preparation of BHL's financial statements and announcements.

The Corporation's financial information for the three months ended March 31, 2026, is prepared in accordance with IFRS Accounting Standards. All amounts are expressed in Canadian Dollars unless otherwise noted.

Highlights include:

Revenue of $345,898 for the three-month period ended March 31, 2026, as compared of $345,893 for the three-month period ended March 31, 2025.

Gross Profit of $130,101 for the three-month period ended March 31, 2026, as compared to gross profit of $105,982 for the three-month period ended March 31, 2025.

Operating expenses and finance costs of $440,833 for the three-month period ended March 31, 2026, increased from $403,107 for the three-month period ended March 31, 2025.

Net loss of $310,732 for three-month period ended March 31, 2026 as compared to a net loss of $297,125 for three-month period ended March 31, 2025.

Selected Profit and Loss Information

Financial Highlights		Three-month period ended March 31, 2026 (Unaudited)				Three-month period ended March 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2025 (Audited)				Twelve-month period ended December 31, 2024 (Audited)
Revenues $
A2P Messaging Service			63,766				73,365				263,721				715,934
Software Products & Services			282,132				272,528				1,194,269				1,790,173
			345,898				345,893				1,457,990				2,506,107
Cost of sales $
A2P Messaging Service			42,484				66,482				198,084				344,322
Software Products & Services			173,313				173,429				721,938				1,006,829
			215,797				239,911				920,022				1,351,151
Gross profit $
A2P Messaging Service			21,282				6,883				65,637				371,612
Software Products & Services			108,819				99,099				472,331				783,344
			130,101				105,982				537,968				1,154,956
Gross margin %
A2P Messaging Service			33.4	%			9.4	%			24.9	%			51.9	%
Software Products & Services			38.6	%			36.4	%			39.5	%			43.8	%
			37.6	%			30.6	%			36.9	%			46.1	%
Adjusted EBITDA(1) $			(297,331	)			(273,498	)			(512,553	)			188,6617.5	%
Adjusted EBITDA margin			(86.0)	%			(79.1)	%			(35.2)	%			7.5	%
Net (loss)/profit $			(310,732	)			(297,125	)			(596,278	)			21,4850.9
Net (loss)/profit margin			(89.8)	%			(85.9)	%			(40.9)	%			0.9	%
Net (loss)/earnings per share $			(0.166	)			(0.158	)			(0.317	)			0.012
Basic and Diluted (in Canadian cents)

(1) Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS Accounting Standards. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortisation (in both cost of sales and general and administration expenses), interest expenses and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognised under IFRS Accounting Standards and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS Accounting Standards. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives.

Cost of Sales

		Three-month period ended March 31, 2026 (Unaudited)				Three-month period ended March 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2025 (Audited)				Twelve-month period ended December 31, 2024 (Audited)
Depreciation - Property, plant and equipment			1,271				9,560				30,447				44,891
Salaries and wages			168,531				159,956				658,533				906,724
Subcontractor costs			38,804				63,342				199,519				367,611
Others			7,191				7,053				31,523				31,925
			215,797				239,911				920,022				1,351,151

Operating Expenses and Finance Costs

		Three-month period ended March 31, 2026 (Unaudited)				Three-month period ended March 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2025 (Audited)				Twelve-month period ended December 31, 2024 (Audited)
Salaries and wages			140,771				161,794				432,223				377,658
Directors' fees			10,000				10,000				40,000				40,000
Professional fees			86,343				85,541				287,029				301,269
Foreign currency exchange loss/(gain)			118,028				34,171				(66,515	)			3,913
Other general & administrative expenses			55,411				57,914				231,768				254,414
Allowance for doubtful debts			5,899				-				24,000				33,932
Research & development costs			12,251				39,620				121,871				69,184
Depreciation
- Property, plant and equipment			164				364				1,432				778
- Right-of-use assets			11,474				12,318				47,539				46,250
Property, plant and equipment write off			-				-				10,592				-
Interest expenses on lease liabilities			492				1,385				4,122				3,607
			440,833				403,107				1,134,061				1,131,005

Selected Balance Sheet Information

The figures reported below are based on the unaudited consolidated financial statements of the Corporation which have been prepared in accordance with IFRS Accounting Standards.

		March 31, 2026 (Unaudited) $				December 31, 2025 (Audited) $
Current Assets
Accounts receivable			567,830				578,804
Deposits and prepayments			42,294				39,875
Current tax assets			-				-
Bank and cash balances			90,803				156,385
			700,927				775,064
Non-Current Assets
Property, plant and equipment			7,039				8,481
Right-of-use assets			19,134				31,355
TOTAL ASSETS			727,100				814,900
Current Liabilities
Accounts payable and accrued liabilities			823,059				815,278
Advances from related parties			1,198,879				1,091,163
Loans from related parties			1,471,453				1,458,077
Promissory note payable			580,000				580,000
Lease liabilities			12,194				24,761
TOTAL LIABILITIES			4,085,585				3,969,279
Equity
Share capital			15,148,160				15,148,160
Deficit			(18,795,016	)			(18,484,945	)
Accumulated other comprehensive income			307,600				200,274
Total deficiency attributable to equity shareholders of the Corporation			(3,339,256	)			(3,136,511	)
Non-controlling interests			(19,229	)			(17,868	)
TOTAL DEFICIENCY			(3,358,485	)			(3,154,379	)
TOTAL LIABILITIES & EQUITY			727,100				814,900

Total assets of GINSMS including bank and cash balances, accounts receivable, deposits and prepayments, current tax assets, property, plant and equipment and right-of-use assets as at March 31, 2026 amounted to $727,100 compared to $814,900 as at December 31, 2025. Bank and cash balances amounted to $90,803 as at March 31, 2026, a decrease of 41.9% compared to $156,385 as at December 31, 2025. The decrease was mainly due to more net cash outflow from operating activities, and less net cash inflow from financing activities during the period.

About GINSMS

GINSMS is a mobile technology and services company with a diversified focus on Application-to-Person (A2P) Messaging Services and Software Products and Services.

A2P Messaging Service

Through its cloud-based platform, GINSMS enables the delivery of SMS messages to mobile subscribers across more than 200 mobile operators worldwide. While this business has provided global connectivity, GINSMS faces sustained competitive pressures and uncertain profitability.

Software Products and Services

GINSMS designs, develops, and distributes innovative software solutions for mobile operators and enterprises. With more than 100 successful deployments worldwide, the company has established a proven track record in delivering scalable and reliable technologies. Leveraging cost-efficient development hubs in Indonesia and Malaysia, GINSMS continues to expand its customer base and strengthen its position in the enterprise solutions market.

Global

Headquartered in Asia, GINSMS maintains offices in China, Singapore, Hong Kong, Malaysia, and Indonesia, providing regional expertise and supporting cross-border technology deployments.

For further information, please contact:

GINSMS Inc.

Joel Chin, CEO

Tel: +65-6441-1029

Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: GINSMS, Inc.

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