Dolphin Cove Limited (DCOVE) – Unaudited Financial Statements for the First Quarter Ended 31 March 2026

1 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 Dolphin Cove limited Report to Stockholders Three months ended March 3 1 , 20 2 6 On behalf of the Board of Directors, we are pleased to present the unaudited consolidated financial statements of Dolphin Cove Limited for the three months ended March 3 1, 2026 . OPERATIONS OPERATIONS 3 Months 3 Months % var LTM LTM % var Year Ended Ended Ended Ended Ended March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Unaudited Unaudited Audited Overall Revenue (US $mn ) $2.5 $4.1 -39% $11.5 $14.5 -21% $13.1 Profit after taxation (US $mn ) $0.14 $0.9 -83% -$3.1 $1.3 -334% -$2.3 Number of shares in issue 392,426,376 392,426,376 392,426,376 392,426,376 392,426,376 Earnings per share after tax (US $ ) $0.0004 $0.0022 -$0.0078 $0.0033 -$0.0060 Dividends declared per share (US $ ) $0.0000 $0.0000 $0.0038 $0.0076 $0.0038 The first quarter of 2026 continued to reflect the effects of Jamaica's gradual tourism recovery following Hurricane Melissa. Visitor arrivals remained below prior - year levels due to reduced airlift capacity, delayed reopening of certain hotels and lower room inventory across key resort area s. These factors contributed to lower attendance levels at Dolphin Cove and Yaaman Adventure Park and, consequently, reduced revenues compared to the corresponding period of 2025. Encouragingly, we continue to see positive trends from Latin American markets, strong conversion performance within the cruise segment and resilient demand from local and direct consumers supported by targeted marketing initiatives. The Group remained profitable during the quarter, recording profit after taxation of approximately US$0.14 million, and generated positive operating cash flows. The result was supported by a partial reversal of impairment allowances recognised i n prior per iods of approximately US$0.17 million. Excluding that reversal, the quarter would have been close to breakeven, reflecting the lower revenue base largely offset by reductions in direct and operating costs and continued working capital discipline. On a rolling twelve - month basis the Group recorded a loss, reflecting principally the impairment of related - party receivables recognised during 2025 in connection with the restructuring of the wider group described in Note 5, rather than the performance of the Jamaican operations, which remained cash generative throughout the period. As destination recovery progresses, we remain confident in Jamaica's long - term tourism fundamentals and are focused on strengthening market diversification, enhancing guest experiences and positioning the business to capitalize on the expected improvement in visitor arrivals throughout the remainder of 2026.

2 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 Financial Position and Liquidity FINANCIAL POSITION As at As at % var As at % var March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Audited Working Capital (US $mn ) -$0.4 $2.9 -114% -$0.6 -33% Fixed Assets (US $mn ) $29.5 $29.6 0% $29.4 0.34% Net Assets (US $mn ) $27.4 $31.6 -13% $27.2 1% Debt to Equity ratio 0.06:1 0.06:1 0.06:1 Net assets per share (US $ ) $0.07 $0.08 -13% $0.07 0% Market price (J $ ) $10.73 $16.12 -33% $12.00 -11% Market price (US $ )* $0.07 $0.10 -33% $0.08 -10% Market/Book value 0.97 1.26 -23% 1.09 -11% Dolphin Cove continues to maintain a substantial asset base and a conservative debt position, with a debt - to - equity ratio of 0.06:1, notwithstanding the temporary impact of post - hurricane market conditions and the slower recovery of Jamaica's tourism secto r during the first quarter of 2026. Working capital remained marginally negative at approximately negative US$0.4 million at March 31, 2026, an improvement from negative US$0.6 million at December 31, 2025. The movement reflected lower accounts payable balances and a significant reduction in trade receivables following improved collections during the quarter, partly offset by higher inventory levels. During the period, the Company successfully collected approximately US$1.5 million relating to a long - out standing receivable balance. This collection contributed significantly to the reduction in accounts receivable, enhanced liquidity and supported positive operating cash flows. As a result, cash and cash equivalents increased from US$0.4 million at December 31, 2025 to US$1.7 million at March 31, 2026 . Net cash generated from operating activities totaled approximately US$1.6 million during the quarter, reflecting the effectivenes s of the Company's collection efforts and prudent working capital management. The Company continues to maintain a conservative debt - to - equity ratio of 0.06:1, including the three - year financing arrangement related to the GCT assessment. Despite the softer operating performance during the quarter, the Company funded capital expenditure of US$311,834 while improving its overall liquidity position and maintaining the financial flexibility to support future operations. The Group remained profitable during the quarter and generated positive operating cash flows, while continuing to manage the effects of the slower tourism recovery on revenue. John Bailey Richard Downer Director Director

3 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 DOLPHIN COVE LIMITED Group Interim Statement of Financial Position As At March 31, 2026 DCL DCL DCL March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Audited US$ US$ US$ CURRENT ASSETS Cash and cash equivalents 1,711,207 1,390,526 380,346 Investments 2,713 2,713 2,713 Trade and Other receivables 1,134,570 1,509,064 2,104,615 Taxation recoverable 337,767 339,440 337,758 Due from related companies 36,993 2,050,185 535,940 Due from parent company - 1,134,720 - Inventories 513,728 581,895 412,563 3,736,978 7,008,542 3,773,935 NON-CURRENT ASSETS Property, plant and equipment 26,649,665 26,411,779 26,490,518 Rights of use asset 124,790 256,867 157,469 Live Assets 2,875,788 3,163,632 2,918,397 Advance to related company - 1,110,012 - 29,650,243 30,942,290 29,566,384 TOTAL ASSETS 33,387,221 37,950,832 33,340,319 CURRENT LIABILITIES Bank overdrafts 1,018,600 979,518 971,841 Current portion of lease liabilities 332,538 306,810 229,680 Accounts payable 2,110,278 2,308,905 2,449,201 Due to other related parties 201,003 - - Current portion of long - term liabilities 463,810 476,216 723,731 Taxation Payable - - - 4,126,229 4,071,448 4,374,453 NON-CURRENT LIABILITY Deferred tax liability 1,680,667 1,575,096 1,691,545 Lease liabilities 2,759 218,297 30,831 Long-term liabilities 191,275 490,267 - 1,874,700 2,283,660 1,722,376 SHAREHOLDERS’ EQUITY Share capital 3,654,390 3,654,390 3,654,390 Capital Reserves 16,517,917 16,517,917 16,517,917 Retained Earnings 7,213,985 11,423,417 7,071,183 27,386,292 31,595,724 27,243,490 TOTAL EQUITY AND LIABILITIES 33,387,221 37,950,832 33,340,319 John Bailey Richard Downer Director Director

4 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 DOLPHIN COVE LIMITED Group Interim Statement of Profit & Loss Three months ended March 31, 2026 3 Months 3 Months Year Ended Ended Ended March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Audited US$ US$ US$ OPERATING REVENUE: Dolphin Attraction Revenue 1,111,902 1,995,762 5,916,090 Ancillary Services Revenue 1,434,996 2,088,829 7,169,407 Overall Revenue 2,546,898 4,084,591 13,085,497 Less: Direct Costs (280,262) (542,884) (2,077,989) Gross Profit 2,266,636 3,541,707 11,007,508 Gain / (loss) on disposal of property, plant & equipment - - (181,786) Gain / (loss) on disposal of live assets - - (46,597) Other income 39,190 365 105,540 2,305,826 3,542,072 10,884,665 OPERATING EXPENSES: Selling (595,393) (856,822) (2,759,710) Other operations (961,928) (990,658) (4,310,571) Administrative (582,804) (599,489) (2,720,209) (2,140,125) (2,446,969) (9,790,490) (Increase)/decrease in allowance for impairment loss on trade receivables 167,548 - (2,889,871) Profit before finance income and costs 333,249 1,095,103 (1,795,696) Finance income 0 27,234 89,160 Finance costs (134,837) (145,931) (519,970) Profit Before taxation 198,412 976,406 (2,226,506) Taxation (55,611) (117,115) (118,159) Profit for the period 142,801 859,290 (2,344,665) Earnings per stock unit US 0.0004 US 0.0022 US -0.006

5 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 DOLPHIN COVE LIMITED Group Interim Statement of Cash Flow Three months ended March 31, 2026 3 Months 3 Months Year Ended Ended Ended March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Audited US$ US$ US$ CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period 142,801 859,290 (2,344,665) Adjustments for: Depreciation and amortization 253,346 252,832 1,295,855 Loss /(Gain) on disposal of property, plant and equipment - - 181,787 Loss on disposal of live assets - - 46,597 Loss on lease modification - - - Interest income - (15,644) (33,511) Interest expense 68,287 45,938 194,150 Increase in impairment allowance for related parties - - 2,818,698 Increase/ (decrease) in allowance for impairment loss (167,548) - 71,173 Taxation 55,611 117,115 118,159 Operating profit before changes in working capital 352,497 1,259,531 2,348,243 Accounts receivable 1,137,593 15,361 (2,907,186) Inventories (101,165) (127,182) 42,150 Accounts payable (338,923) (159,446) 678,805 Due from related parties 699,950 (195,110) 1,183,389 Cash generated from operations 1,749,952 793,154 1,345,402 Interest paid (68,287) (45,938) (194,150) Income tax paid (66,498) (257,976) (251,748) Net cash provided by operating activities 1,615,167 489,241 899,504 CASH FLOWS FROM INVESTING ACTIVITIES Interest received - 15,644 1,142 Additions to property, plant and equipment (311,834) (307,794) (893,649) Proceeds from disposal of property, plant and equipment - - - Additions to live assets (1,412) (811) (990) Advances to parent company - (271,000) (271,000) Repayment by parent company - - 1,152,016 Investments - - - Net cash provided/(used) by investing activities (313,246) (563,960) (12,480) CASH FLOWS FROM FINANCING ACTIVITIES Long-term loans net (68,647) (94,863) (337,615) Payment of lease liabilities 50,826 29,586 (211,053) Drawdowns of bank overdraft 46,759 167,076 1,877,008 Repayment of bank overdraft - (57,359) (1,774,968) Dividend Paid - - (1,480,854) Net cash (used)/provided by financing activities 28,939 44,440 (1,927,482) Net increase in cash resources 1,330,860 (30,280) (1,040,459) Cash resources at beginning of the period 380,346 1,420,805 1,420,805 CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,711,206 1,390,526 380,346

6 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 DOLPHIN COVE LIMITED Group Interim Statement of Changes in Stockholders´ Equity Three months ended March 31, 2026 3 Months 3 Months Year Ended Ended Ended March 31, 2026 March 31, 2025 December 31, 2025 Unaudited Unaudited Audited Balances at beginning of period 27,243,490 30,736,433 31,069,009 Transactions with owners of the company: Dividends - - (1,480,854) Total comprehensive income: Profit for the period 142,801 859,290 (2,344,665) Other comprehensive income: Surplus on revaluation of assets, net of taxes - - - Balance at end of period 27,386,291 31,595,724 27,243,490 During the audit of the financial statements for the year ended December 31, 2025, certain prior - period adjustments were identified and recorded. As a result, the opening equity balance as at January 1, 2025 was revised and is reflected in the audited fina ncial statements for the year ended December 31, 2025. Accordingly, the opening balance presented in the audited year - ended December 31, 2025 column differs from the opening balance presented in the unaudited comparative period ended March 31, 2025, which reflects the balances previously reported at that date.

7 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 Selected Explanatory Notes Three months ended March 31, 2026 1 Corporate Structure and Principal Activities Dolphin Cove Limited is incorporated and domiciled in Jamaica, operating marine parks and related businesses including adventure programs, restaurants, gift shops, and photography at multiple Jamaican locations. Listed on the Junior Market of the Jamaica S tock Exchange since December 21, 2010, the Company is part of a group that includes: 1. Dolphin Cove (Negril) Limited – Jamaica - based; owns leased Hanover real estate. 2. Too Cool Limited – Cayman Islands; owns operational land and buildings. 3. Cheshire Hall Limited – St. Lucia (with subsidiary DCTCI Limited in Turks & Caicos) holding development land. 4. Balmoral Dolphins Limited – St. Lucia (with subsidiary Dolphin Cove TCI Limited ) for future attraction development. 5. SB Holdings Limited – St. Lucia (with subsidiary Marine Adventure Park Limited ) holding land in St. Lucia. Ownership – Since January 8, 2016, World of Dolphins Inc. has held 79.99% of the Company. It is a subsidiary of Controladora Dolphin S.A. de C.V. (“Dolphin Discovery”), itself owned by Leisure Investments Holdings LLC. (ultimate parent), incorporated in USA 2. Statement of compliance and basis of preparation Prepared in accordance with IAS 34 , these unaudited financial statements comply with IFRS and the Jamaican Companies Act. All figures are in US dollars, the Group’s functional currency. Property, plant, equipment, and live assets are recorded at periodically revalued amounts. 3. Accounting Policies and Reclassifications Policies are consistent with the audited statements for the year ended December 31, 2025 . Prior - year adjustments included: • Profit or Loss Statement – ECL movements on trade receivables now presented separately, per IAS 1.82(ba). • Cash Flow Statement – Amounts due from related parties reclassified to operating activities; bank overdrafts moved to financing flows, separated into inflows and outflows. 4. Seasonality of operations Visitor arrivals peak in the Northern Hemisphere winter. First - half results are therefore not indicative of full - year performance. Results are presented on both a quarterly/year - to - date and rolling twelve - month basis.

8 Dolphin Cove Limited Report to Stockholders Three months ended March 31, 2026 Selected Explanatory Notes Three months ended March 31, 2026 5. Related parties Due From Related Parties – Amounts collected by the Wider Group for park bookings, plus advances. “Due from Parent Company” is unsecured, interest - bearing at 6%, and repayable on demand, with dividends offset rights. Corporate Proceedings – • Jan 29, 2025: Dolphin Discovery entered concurso mercantil restructuring in Mexico, dismissed April 15, 2025 (possible appeals pending). • Mar 31, 2025: Leisure Investments Holdings LLC (ultimate parent) filed for Chapter 11 in Delaware. • Apr 16, 2025: Dolphin Discovery also filed for Chapter 11 in Delaware. Controladora Dolphin and its affiliates, in coordination with the team of executives responsible for operations and management, are continuing to work with their largest creditors to address Controladora Dolphin’s financial obligations in the context of Ch apter 11 proceedings. At the reporting date, the extent of the Chapter 11 proceedings’ effect on the collectability of related party receivables remains uncertain. The company’s operations continue unaffected, and management expects that it will maintain its independent operational status for the foreseeable future . 6. Earnings per share Calculated using net profit and 392,426,376 shares in issue for all periods presented. 7. - Asset revaluations. Land and Buildings – Fair value assessed using independent valuations and comparable property sales, adjusted for age, condition, timing, land/building ratio, location, and functional benefits. Last revalued October 2023. Dolphins – Carried at fair value, determined using market prices for comparable animals and recent group transactions. John Bailey Richard Downer Director Director