Caribbean Cream Ltd. (KREMI) Unaudited Financial Statements for the First Quarter ended May 31, 2026

Caribbean Cream Ltd. (KREMI) First Quarter Una udited Financial Results

2 CARIBBEAN CREAM LIMITED (CCL) UN AUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MAY 3 1 , 20 2 6 B OARD OF DIRECTOR S REPORT TO SHAREH OLDERS for the 1 st quarter ended May 31 , 20 2 6 . Gross Operating Revenue for the first quarter increased to $884.3 million from $802.5 million in the corresponding quarter of the prior year, reflecting growth of $82 million, or 10%. The increase was primarily attributable to the consistent availability o f products across the distribution network. Gross profit for the quarter was $303 million, compared with $231 million in the corresponding quarter of the previous year, representing an increase of $72 million, or 31%. This improvement was driven not only by higher sales but also by lower direct oper ating expenses, particularly maintenance costs, which were significantly lower than in the prior year. The reduction in maintenance costs reflects improved equipment reliability and operational efficiency, enabling the Company to better meet customer deman d. Operating expenses remained controlled during the quarter, totalling $245 million compared with $250 million in the corresponding period last year, a reduction of $5 million, or 2%. As a result of these factors, the Company recorded a profit before tax of $59.5 million, a significant improvement over the corresponding quarter of the previous year, when it reported a loss before tax of $18.2 million. The Company's financial position continues to demonstrate its ability to meet both its short - term obligations and long - term debt commitments as they fall due. Cash balances at the end of the quarter amounted to $50 million, representing a 75% increase over the audited financial year - end balance. Following the significant impact of Hurricane Melissa in October of last year, the Company's bankers, CIBC Caribbean Bank (Jamaica), granted a moratorium on principal loan repayments for the current quarter. CCL is grateful to our banker for providing this temporary relief, which supported the Company's liquidity while recovery efforts continued. Caribbean Cream Ltd. remains committed to delivering stronger financial performance and enhanced returns for our shareholders, and we continue to execute initiatives aimed at achieving this objective. We extend our sincere appreciation to all our stakehold ers for their continued confidence and support, which remain fundamental to the Company's success. We are especially grateful to our employees, customers, suppliers, shareholders, and all those who support our business. Your trust and partnership have been invaluable, and we remain committed to serving you with excellence as we continue to grow and stre ngthen the Company. -------------------------------------------------- --- - --- -- Matthew Clarke Chairman --------------------------------------------------- ------- - - Christopher Clarke CEO & Director

3 CARIBBEAN CREAM LIMITED UNAUDITED STATEMENT of FINANCIAL POSITION May 31, 202 6 ---------------------------------------- --------------------------------------------------- Matthew Clarke Chairman Christopher Clarke CEO & Director UNAUDITED UNAUDITED AUDITED May-26 May-25 Feb-26 $ $ $ NON-CURRENT ASSETS Property, plant and equipment 1,629,579,689 1,769,657,847 1,666,971,201 Right-of-use assets 215,669,445 246,538,901 221,757,648 Intangible assets 73,048,518 44,211,612 78,826,385 Deferred tax assets - - 7,318,953 1,918,297,652 2,060,408,360 1,974,874,187 CURRENT ASSETS Inventories 247,462,004 298,387,497 349,175,353 Receivables 228,069,734 184,289,924 183,292,126 Due from parent company - 3,965,550 21,135,502 Taxation recoverable 4,098,427 3,059,922 3,144,952 Cash and cash equivalents 50,433,756 56,622,636 28,804,169 Total current assets 530,063,921 546,325,529 585,552,102 CURRENT LIABILITIES Payables 336,319,256 347,326,136 479,210,932 Short term loan - 3,827,441 17,986,277 Current portion of long term loans 110,313,884 82,735,413 27,578,471 Current portion of lease liabilities 20,401,481 18,553,297 27,201,974 Total current liabilities 467,034,621 452,442,287 551,977,654 Net current assets 63,029,300 93,883,242 33,574,448 Total assets less current liabilities 1,981,326,952 2,154,291,602 2,008,448,635 NON-CURRENT LIABILITIES Long term loans 901,930,569 1,008,755,564 984,665,982 Lease liabilities 242,860,516 260,890,084 239,464,693 Deferred income tax liabilities 7,565,263 18,151,586 - Total non-current liabilities 1,152,356,348 1,287,797,234 1,224,130,675 STOCKHOLDERS' EQUITY Share capital 111,411,290 111,411,290 111,411,290 Retained earnings 717,559,314 755,083,078 672,906,670 828,970,604 866,494,367 784,317,960 TOTAL NON-CURRENT LIABILITIES AND EQUITY 1,981,326,952 2,154,291,602 2,008,448,635

4 CARIBBEAN CREAM LIMITED UNAUDITED STATEMENT of PROFIT or LOSS and OTHER COMPREHENSIVE INCOME Three months ended May 31, 202 6 UNAUDITED UNAUDITED AUDITED Qtr ended Qtr ended year ended May-26 May-25 Feb-26 $ $ $ Gross operating revenue 884,311,560 802,514,707 2,974,796,934 Direct expenses (580,921,178) (571,452,886) (2,089,144,931) Gross profit 303,390,382 231,061,822 885,652,003 Other income 1,290,526 448,800 5,707,441 Administrative expenses (199,236,966) (200,838,391) (83,834,569) Selling and distribution expenses (20,806,622) (19,066,190) (824,311,529) Operating profit/(loss) 84,637,321 11,606,040 (16,786,654) Impairment losses on financial assets - - (1,509,314.00) Finance costs, net (25,100,454) (29,810,971) (107,555,916) Profit/(loss) before taxation 59,536,866 (18,204,931) (125,851,884) Taxation (14,884,217) 4,551,233 30,021,772 Net profit/(loss), being total comprehensive income 44,652,650 (13,653,698) (95,830,112) Earnings per stock unit attributable to stockholders of the company $0.12 ($0.04) ($0.25)

5 CARIBBEAN CREAM LIMITED UNAUDITED STATEMENT of CHANGES in EQUITY Three months ended May 31, 202 6 Share Retained Capital earnings Total $ $ $ Balance at February 28, 2025 111,411,290 768,736,782 880,148,072 Total Comprehensive loss (13,653,698) (13,653,698) Balance at May 2025 111,411,290 755,083,084 866,494,374 Balances at February 28, 2026 111,411,290 672,906,670 784,317,960 Total Comprehensive income: 44,652,650 44,652,650 Balances at May 31, 2026 111,411,290 717,559,320 828,970,610

6 CARIBBEAN CREAM LIMITED UNAUDITED STATEMENT of CASH FLOW Three months ended May 31, 202 6 UNAUDITED UNAUDITED AUDITED 3 months ended 3 months ended 12 months ended May-26 May-25 Feb-26 CASH RESOURCES WERE PROVIDED BY/(USED IN): $ $ $ Cash Flows from Operating Activities Profit/(loss) before taxation 59,536,866 (18,204,931) (125,851,884) Adjustments for: Depreciation 39,135,525 33,981,708 158,179,113 Amortization of right-of-use assets 7,298,775 7,958,037 32,344,757 Amortization of intangible assets 5,777,867 3,119,252 21,095,977 Inventory written-off - - 19,039,175 Impairment losses on financial assets - - 1,509,314 Interest income (126,685) (105,511) (446,978) Interest expense 23,191,537 23,775,855 89,463,674 Lease interest expense 3,229,309 2,695,737 18,452,187 Foreign exchange losses 2,035,583 4,176,705 9,148,575 140,078,778 57,396,852 222,933,910 Changes in operating assets and liabilites: Decrease in inventories 101,713,349 69,615,741 (211,290) Increase in receivables (44,777,608) (8,830,909) (9,342,424) Decrease in due from parent company 21,135,502 30,327,016 13,157,064 Increase in payables (142,891,676) (27,569,983) 102,831,123 75,258,345 120,938,717 329,368,383 Cash provided by operating activities Taxation paid (1,653,481) - (111,325) Interest paid (23,191,537) (29,845,163) (106,432,171) Interest received 126,685 105,511 446,978 Net cash provided by operating activities 50,540,012 91,199,065 223,271,865 Cash Flows from Investing Activities Purchase of property, plant and equipment (4,399,139) (28,671,806) (102,774,063) Net cash used in investing activities (4,399,139) (28,671,806) (102,774,063) Cash flows from Financing Activities Repayment of bank loans - (27,578,471) (106,824,995) Repayment of short term loans (17,986,277) (11,312,217) 2,846,619 Lease principal payments (8,373,817) (8,224,243) (16,083,681) Net cash used in financing activities (26,360,094) (47,114,932) (120,062,057) Net increase in cash and cash equivalents 19,780,780 15,412,328 435,745 Net effect of foreign currency translation on cash and cash equivalents 1,848,806 3,134,048 (9,707,836) Cash and cash equivalents at beginning of year 28,804,169 38,076,260 38,076,260 CASH AND CASH EQUIVALENTS AT END OF YEAR 50,433,756 56,622,636 28,804,169 Represented by: Cash and bank balances 33,749,727 40,063,345 12,307,535 Fixed deposits 16,684,029 16,559,291 16,496,634 50,433,756 56,622,636 28,804,169

7 CARIBBEAN CREAM LIMITED Notes to the Unaudited Financial Statements Three months ended May 31, 202 6 Identification and Principal Activities Caribbean Cream Limited (the company) is incorporated and domiciled in Jamaica and is listed on the Junior Market of the Jamaica Stock Exchange (JSE). The company’s registered office is located at 3 South Road, Kingston 10, Jamaica. At the reporting date, Scoops Unlimited Limited, a company incorporated and domiciled in Jamaica, and its directors controlled the company by virtue of their collective direct holding of 7 3 % of the issued shares of the company. The principal activities of the company are the manufacture and sale of ice cream and frozen novelties , under the ‘Kremi’ brand, and the importation and distribution of certain types of frozen novelties. Basis of preparation Statement of compliance The unaudited financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), and their interpretations adopted by the International Accounting Standards Board and have been prepared under the historical cost convention. They are also prepared in accordance with the provisions of the Jamaican Companies Act. The accounting policies used are consistent with those used in the audited financial statements for the year ended 2 8 February 202 6 .

8 CARIBBEAN CREAM LIMITED Notes to the Unaudited Financial Statements Three months ended May 31, 202 6, cont’d Significant accounting policies Property, plant, and equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is calculated on a straight - line basis at rates to write off the carrying value of the assets over their expected useful lives . The rates used to write off the cost of assets are as follows: Right - of - use assets and lease liabilities All leases are accounted for by recognising a right - of - use asset and a lease liability except for: (i) Leases of low value assets; and (ii) Leases with a duration of 12 months or less. Lease liabilities are measured at the present value of the contractual payments due to the lessor over the lease term, with the discount rate determined by reference to the rate inherent in the lease unless (as is typically the case) this is not readily determinable, in which case the Company’ s incremental borrowing rate on commencement of the lease is used. Freehold land & buildings 5% Leasehold improvements Lease period Motor vehicles 12.5% Machinery and equipment 10% Computer equipment 25% Security systems 10% Well infrastructure 2% Rights - of - use assets Lease period Leasehold improvements are classified as property, plant and equipment.

9 CARIBBEAN CREAM LIMITED Notes to the Unaudited Financial Statements Three months ended May 31, 202 6, cont’d Intangible assets Items of intangible assets represent purchased computer software not integral to computer hardware, with finite useful lives that are acquired separately and are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight - line basis over their estimated useful life . Cash and cash equivalents Cash and cash equivalents are carried in the statement of financial position at cost. For the purposes of the cash flow statement, cash and cash equivalents comprise cash at bank and in hand, short term deposits and bank overdraft . R eceivables T rade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less loss allowance. For trade receivables impairment provisions, the company applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables. Inventories Inventories are measured at the lower of cost, determined principally on a first - in - first out (FIFO) basis, and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated selling costs. Impairment At each statement of financial position date, the company reviews the carrying amounts of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash - generating unit to which the asset belongs. P ayables Payables, including provisions, are stated at their nominal value. A provision is recognised in the statement of financial position when the Company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate of the amount can be made.

10 CARIBBEAN CREAM LIMITED Notes to the Unaudited Financial Statements Three months ended May 31, 202 6, cont’d Borrowings Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently carried at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Share capital Ordinary shares are classified as equity where there is no obligation to transfer cash or other assets. Transaction costs directly attributable to the issue of shares are shown in equity as a deduction from the proceeds of the share issue . Dividends Dividends on ordinary shares and capital distributions are recognized in shareholders’ equity in the period in which they become legally payable. Interim dividends are due when declared and approved by the directors while shareholders approve final dividen ds at the Annual General Meeting. Dividends and capital distributions for the year that are declared after the reporting date are disclosed in the subsequent events note. Revenue Gross operating revenue represents the invoiced value of sales, after deduction of returns, discounts allowed, and General Consumption Tax. The company recognises revenue when it transfers control over a good or service to a customer. Taxation In the Unaudited statements , taxation expense in the statement of comprehensive income comprises current tax charges. Current tax is the expected tax payable on the income for the year, using tax rates enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

11 CARIBBEAN CREAM LIMITED Notes to the Unaudited Financial Statements Three months ended May 31, 202 6, cont’d Related party transactions A party is related to the company, if - : 1) D irectly, or indirectly through one or more intermediaries, the party, is controlled by, or is under common control with, the company (this includes parent, subsidiaries, and fellow subsidiaries); has an interest in the company that gives it significant inf luence over the company; or has joint control over the company. 2) The party is an associate of the company. 3) The party is a joint venture in which the company is a venturer. 4) T he party is a member of the key management personnel of the company or its parent . 5) T he party is a close member of the family of any individual referred to in (i) or (iv) . 6) T he party is the company that is controlled, jointly controlled or significantly influenced by, or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in (iv) or (v); or 7) The party is a post - employment benefit plan for the benefit of employees of the company, or of any company that is a related party of the company. A related party transaction is a transfer of resources, services, or obligations between related parties, regardless of whether a price is charged. The company has a related party relationship with its directors and key management personnel, representing c ertain senior officers of the company.

12 CARIBBEAN CREAM LIMITED LIST OF TOP TEN (10) LARGEST SHAREHOLDERS AS AT MAY 31, 202 6 Ten Largest Shareholders No. of Stock Units % Holding Scoops Un - Limited Limited 123,035 ,449 32.50 Matthew Clarke 59,5 55,425 15.73 Carol Marie Clarke - Webster/Christopher Andrew Clarke 58,521,764 15.46 Christopher A . Clarke 35,133,399 9.28 Resource In Motion Limited 32,479,583 8.58 Everton J. Smith 10,340,000 2.73 JI Limited 5,000,000 1.32 Bridgeton Management Services Limited 4,327,440 1.14 Everton A. Smith 3,644,314 0.96 Sagicor Select Fund Limited – (‘Class C’ Shares) Manufacturing & Distribution 3,121,508 0.82

13 CARIBBEAN CREAM LIMITED SHAREHOLDINGS OF DIRECTORS, OFFICERS AND CONNECTED PARTIES AS AT MAY 31 , 2026 Board Member Primary Holder Joint Holder Relationship No. of Stock Units Total Carol Webster Carol Webster/ Christopher A. Clarke Carol Webster/ Scoops Un - Limited Limited Connected Connected 58,521,764 123,0 35,449 181,5 57,213 Matthew G. Clarke Matthew Clarke Matthew Clarke/ Scoops Un - Limited Limited Self Connected 59,5 55,425 123,035,449 182,590,874 Christopher A. Clarke Christopher A. Clarke Christopher A. Clarke/ Kamoy Clarke Christopher A. Clarke/ Scoops Un - Limited Limited Self Connected Connected 30 ,1 33 , 399 5,000,000 123,035,449 158,1 68,848 Wayne Wray Wayne Wray/Christine Randle Wayne Wray Wayne Wray/Craig Singh Connected Self Connected 1,043,249 200,000 6,835 1,250,084 Michael Vaccianna Michael Vaccianna Self 0 0 Simon Roberts Simon Roberts Self 0 0 SHAREHOLDINGS OF SENIOR MANAGERS AND CONNECTED PARTIES AS AT MAY 31, 202 6 Senior Managers Primary Holder/ Joint Holder Relationship No. of Stock Units Total David Radlein David Radlein/Catherine Radlein Connected 100,000 100,000 Karen Williams Karen Williams/Vyris Williams Karen Williams/Vyris Williams Connected Connected 25 , 855 55,000 80,855 Dean Alvery Clarke Dean Alvery Clarke Dean Alvery Clarke Self Self 200,000 100 200,100