One on One Educational Services Limited (ONE)- Unaudited Financial Statements for the 3rd Quarter Ended 31 May 2026

T H I R D Q U A R T E R E n d e d : M a y 3 1 , 2 0 2 6

O n e o n O n e E d u c a t i o n a l S e r v i c e s L i m i t e d T h i r d Q u a r t e r R e p o r t E n d e d M a y 3 1 , 2 0 2 6 D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F i n a n c i a l S t a t e m e n t s S t a t e m e n t o f C o m p r e h e n s i v e I n c o m e S t a t e m e n t o f F i n a n c i a l P o s i t i o n S t a t e m e n t o f C h a n g e s i n S h a r e h o l d e r s ' E q u i t y S t a t e m e n t o f C a s h f l o w s N o t e s t o t h e F i n a n c i a l S t a t e m e n t s I n c l u d i n g t o p 1 0 s h a r e h o l d e r s I N D E X

D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 C o m p a n y P e r f o r m a n c e f o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 T h e B o a r d o f D i r e c t o r s o f O n e o n O n e E d u c a t i o n a l S e r v i c e s L i m i t e d i s p l e a s e d t o p r e s e n t t h e u n a u d i t e d f i n a n c i a l s t a t e m e n t s f o r t h e t h i r d q u a r t e r a n d n i n e m o n t h s e n d e d 3 1 M a y 2 0 2 6 . T h e C o m p a n y d e l i v e r e d a s o l i d y e a r - t o - d a t e p e r f o r m a n c e , w i t h i m p r o v e d p r o f i t a b i l i t y , s t r o n g e r n i n e - m o n t h m a r g i n s , d i s c i p l i n e d c o s t m a n a g e m e n t , a n d c o n t i n u e d i n v e s t m e n t i n i t s t e c h n o l o g y , p l a t f o r m , a n d p r o d u c t c a p a b i l i t i e s . D u r i n g t h e p e r i o d , m a n a g e m e n t r e m a i n e d f o c u s e d o n e x e c u t i n g c o r e e d u c a t i o n a n d g o v e r n m e n t c o n t r a c t s , s t r e n g t h e n i n g p l a t f o r m a d o p t i o n , e n h a n c i n g d i g i t a l i n f r a s t r u c t u r e , a n d a d v a n c i n g t h e C o m p a n y ’ s l o n g e r - t e r m i n n o v a t i o n a g e n d a . S t a t e m e n t o f C o m p r e h e n s i v e I n c o m e S u m m a r y F o r t h e n i n e m o n t h s e n d e d 3 1 M a y 2 0 2 6 , r e v e n u e s a m o u n t e d t o J $ 2 6 0 . 7 m i l l i o n , c o m p a r e d w i t h J $ 2 7 0 . 4 m i l l i o n i n t h e c o r r e s p o n d i n g p e r i o d o f t h e p r i o r y e a r , r e p r e s e n t i n g a d e c r e a s e o f 3 . 6 % . F o r t h e t h i r d q u a r t e r , r e v e n u e s t o t a l l e d J $ 9 5 . 8 m i l l i o n , c o m p a r e d w i t h J $ 1 0 0 . 5 m i l l i o n i n t h e c o r r e s p o n d i n g q u a r t e r o f 2 0 2 5 , r e f l e c t i n g a d e c r e a s e o f 4 . 8 % . W h i l e r e v e n u e f o r t h e n i n e - m o n t h p e r i o d w a s m o d e s t l y l o w e r y e a r o v e r y e a r , t h e C o m p a n y c o n t i n u e d t o b e n e f i t f r o m a b u s i n e s s m i x w i t h g r e a t e r c o n t r i b u t i o n f r o m h i g h e r - m a r g i n a n d p l a t f o r m - b a s e d a c t i v i t y . T h i s r e f l e c t s c o n t i n u e d p r o g r e s s i n b u i l d i n g a m o r e s c a l a b l e a n d e f f i c i e n t o p e r a t i n g m o d e l . G r o s s p r o f i t f o r t h e n i n e m o n t h s i n c r e a s e d t o J $ 2 0 2 . 3 m i l l i o n f r o m J $ 1 9 5 . 9 m i l l i o n i n t h e p r i o r - y e a r c o m p a r a t i v e p e r i o d , r e p r e s e n t i n g g r o w t h o f a p p r o x i m a t e l y 3 . 3 % . F o r t h e t h i r d q u a r t e r , g r o s s p r o f i t a m o u n t e d t o J $ 6 8 . 8 m i l l i o n , c o m p a r e d w i t h J $ 8 0 . 4 m i l l i o n i n t h e c o r r e s p o n d i n g q u a r t e r l a s t y e a r , r e p r e s e n t i n g a d e c r e a s e o f 1 4 . 4 % . G r o s s m a r g i n f o r t h e n i n e - m o n t h p e r i o d s t r e n g t h e n e d t o 7 7 . 6 % , u p f r o m 7 2 . 4 % i n t h e c o r r e s p o n d i n g p e r i o d o f 2 0 2 5 . D i r e c t c o s t s d e c l i n e d t o J $ 5 8 . 5 m i l l i o n f r o m J $ 7 4 . 5 m i l l i o n f o r t h e n i n e - m o n t h p e r i o d , a d e c r e a s e o f 2 1 . 5 % . D i r e c t c o s t s f o r t h e t h i r d q u a r t e r i n c r e a s e d t o J $ 2 6 . 9 m i l l i o n f r o m J $ 2 0 . 1 m i l l i o n , a n i n c r e a s e o f 3 3 . 7 % , d u e p r i m a r i l y t o a p r o v i s i o n a l i n v e n t o r y w r i t e - d o w n . N o t w i t h s t a n d i n g t h e e f f e c t o f t h i s i t e m o n t h i r d - q u a r t e r p e r f o r m a n c e , t h e n i n e - m o n t h r e s u l t s c o n t i n u e t o r e f l e c t i m p r o v e d g r o s s m a r g i n s a n d g r e a t e r o p e r a t i n g e f f i c i e n c y r e l a t i v e t o t h e c o r r e s p o n d i n g y e a r - t o - d a t e p e r i o d .

D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 S t a t e m e n t o f C o m p r e h e n s i v e I n c o m e S u m m a r y C o n t i n u e d O p e r a t i n g e x p e n s e s r e m a i n e d w e l l c o n t r o l l e d d u r i n g t h e p e r i o d . T o t a l a d m i n i s t r a t i v e a n d s e l l i n g e x p e n s e s d e c l i n e d t o J $ 1 2 4 . 0 m i l l i o n f r o m J $ 1 2 8 . 6 m i l l i o n i n t h e p r i o r - y e a r p e r i o d , r e f l e c t i n g a r e d u c t i o n o f 3 . 5 % . F o r t h e t h i r d q u a r t e r , t o t a l o p e r a t i n g e x p e n s e s a m o u n t e d t o J $ 4 0 . 2 m i l l i o n , c o m p a r e d w i t h J $ 4 0 . 3 m i l l i o n i n t h e c o r r e s p o n d i n g q u a r t e r o f 2 0 2 5 , r e m a i n i n g b r o a d l y f l a t . T h i s c o s t d i s c i p l i n e , t o g e t h e r w i t h i m p r o v e d y e a r - t o - d a t e g r o s s m a r g i n s , s u p p o r t e d g r o w t h i n o p e r a t i n g p r o f i t . F o r t h e n i n e m o n t h s e n d e d 3 1 M a y 2 0 2 6 , o p e r a t i n g p r o f i t r o s e t o J $ 8 1 . 9 m i l l i o n , c o m p a r e d w i t h J $ 6 9 . 2 m i l l i o n i n t h e c o r r e s p o n d i n g p e r i o d l a s t y e a r , r e p r e s e n t i n g a n i n c r e a s e o f 1 8 . 5 % . T h i r d - q u a r t e r o p e r a t i n g p r o f i t a m o u n t e d t o J $ 2 9 . 2 m i l l i o n , c o m p a r e d w i t h J $ 4 0 . 7 m i l l i o n i n Q 3 2 0 2 5 , a d e c r e a s e o f 2 8 . 3 % , p r i m a r i l y r e f l e c t i n g t h e i m p a c t o f t h e p r o v i s i o n a l i n v e n t o r y w r i t e - d o w n a n d t h e l o w e r q u a r t e r l y g r o s s p r o f i t . P r o f i t b e f o r e t a x a t i o n f o r t h e n i n e - m o n t h p e r i o d a m o u n t e d t o J $ 6 4 . 7 m i l l i o n , c o m p a r e d w i t h J $ 5 5 . 8 m i l l i o n i n t h e c o r r e s p o n d i n g p e r i o d o f 2 0 2 5 , r e p r e s e n t i n g a n i n c r e a s e o f 1 5 . 9 % . F o r t h e t h i r d q u a r t e r , p r o f i t b e f o r e t a x a t i o n w a s J $ 2 4 . 4 m i l l i o n , c o m p a r e d w i t h J $ 3 6 . 6 m i l l i o n i n t h e p r i o r - y e a r q u a r t e r , r e p r e s e n t i n g a d e c r e a s e o f 3 3 . 3 % . N e t p r o f i t a t t r i b u t a b l e t o s h a r e h o l d e r s i n c r e a s e d t o J $ 6 4 . 1 m i l l i o n f o r t h e n i n e m o n t h s , c o m p a r e d w i t h J $ 5 5 . 1 m i l l i o n i n t h e p r i o r - y e a r c o m p a r a t i v e p e r i o d , r e p r e s e n t i n g g r o w t h o f 1 6 . 4 % . N e t p r o f i t f o r t h e t h i r d q u a r t e r w a s J $ 2 3 . 0 m i l l i o n , c o m p a r e d w i t h J $ 3 6 . 7 m i l l i o n i n t h e c o r r e s p o n d i n g q u a r t e r o f 2 0 2 5 , r e p r e s e n t i n g a d e c r e a s e o f 3 7 . 4 % . E a r n i n g s p e r s t o c k u n i t f o r t h e n i n e - m o n t h p e r i o d a m o u n t e d t o J $ 0 . 0 3 4 , c o m p a r e d w i t h J $ 0 . 0 2 9 i n t h e p r i o r - y e a r c o m p a r a t i v e p e r i o d .

M e a s u r e Q 3 M a y 2 0 2 6 Q 3 M a y 2 0 2 5 9 M o n t h s M a y 2 0 2 6 9 M o n t h s M a y 2 0 2 5 R e v e n u e J $ 9 5 . 8 M J $ 1 0 0 . 5 M J $ 2 6 0 . 7 M J $ 2 7 0 . 4 M G r o s s P r o f i t J $ 6 8 . 8 M J $ 8 0 . 4 M J $ 2 0 2 . 3 M J $ 1 9 5 . 9 M G r o s s M a r g i n 7 1 . 9 0 % 8 0 . 0 0 % 7 7 . 6 0 % 7 2 . 4 0 % O p e r a t i n g P r o f i t J $ 2 9 . 2 M J $ 4 0 . 7 M J $ 8 1 . 9 M J $ 6 9 . 2 M P r o f i t B e f o r e T a x J $ 2 4 . 4 M J $ 3 6 . 6 M J $ 6 4 . 7 M J $ 5 5 . 8 M N e t P r o f i t J $ 2 3 . 0 M J $ 3 6 . 7 M J $ 6 4 . 1 M J $ 5 5 . 1 M E a r n i n g s p e r S t o c k U n i t J $ 0 . 0 1 2 J $ 0 . 0 1 9 J $ 0 . 0 3 4 J $ 0 . 0 2 9 D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 S t a t e m e n t o f F i n a n c i a l P o s i t i o n S u m m a r y T o t a l a s s e t s a m o u n t e d t o J $ 7 2 6 . 7 m i l l i o n a t 3 1 M a y 2 0 2 6 , c o m p a r e d w i t h J $ 7 0 7 . 0 m i l l i o n i n t h e c o r r e s p o n d i n g p e r i o d l a s t y e a r . T h i s w a s s u p p o r t e d b y c o n t i n u e d i n v e s t m e n t i n i n t a n g i b l e a s s e t s , r e f l e c t i n g o n g o i n g d e v e l o p m e n t o f t h e C o m p a n y ’ s p r o p r i e t a r y t e c h n o l o g y , p l a t f o r m s , a n d d i g i t a l e d u c a t i o n i n f r a s t r u c t u r e . I n t a n g i b l e a s s e t s s t o o d a t J $ 4 5 2 . 0 m i l l i o n a t t h e e n d o f t h e p e r i o d , c o m p a r e d w i t h J $ 4 0 8 . 3 m i l l i o n a t 3 1 A u g u s t 2 0 2 5 . T r a d e a n d o t h e r r e c e i v a b l e s a m o u n t e d t o J $ 1 3 7 . 8 m i l l i o n a t 3 1 M a y 2 0 2 6 . T h i s r e p r e s e n t e d a r e d u c t i o n f r o m t h e J $ 1 5 9 . 6 m i l l i o n r e c o r d e d i n t h e p r i o r - y e a r c o m p a r a t i v e p e r i o d a n d a s u b s t a n t i a l i m p r o v e m e n t f r o m J $ 2 0 1 . 3 m i l l i o n a t 3 1 A u g u s t 2 0 2 5 , r e f l e c t i n g p r o g r e s s i n c o l l e c t i o n s a n d r e c e i v a b l e s m a n a g e m e n t s i n c e y e a r - e n d . C a s h a n d b a n k b a l a n c e s a m o u n t e d t o J $ 5 5 . 2 m i l l i o n a t t h e e n d o f t h e p e r i o d .

D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 S t a t e m e n t o f F i n a n c i a l P o s i t i o n S u m m a r y C o n t i n u e d S h a r e h o l d e r s ’ e q u i t y s t r e n g t h e n e d t o J $ 5 5 5 . 1 m i l l i o n , u p f r o m J $ 4 6 0 . 1 m i l l i o n i n t h e p r i o r - y e a r c o m p a r a t i v e p e r i o d a n d J $ 4 9 0 . 9 m i l l i o n a t 3 1 A u g u s t 2 0 2 5 , d r i v e n b y g r o w t h i n a c c u m u l a t e d s u r p l u s a n d i m p r o v e d p r o f i t a b i l i t y . T o t a l l i a b i l i t i e s d e c l i n e d d u r i n g t h e p e r i o d , d u e m a i n l y t o l o w e r c u r r e n t l i a b i l i t i e s , i n c l u d i n g r e d u c t i o n s i n d e f e r r e d i n c o m e a n d t h e e l i m i n a t i o n o f t h e b a n k o v e r d r a f t p o s i t i o n t h a t e x i s t e d a t t h e e n d o f t h e 2 0 2 5 f i n a n c i a l y e a r . T h e s e m o v e m e n t s r e f l e c t a n i m p r o v e m e n t i n t h e C o m p a n y ’ s f i n a n c i a l p o s i t i o n d u r i n g t h e p e r i o d . T h e C o m p a n y g e n e r a t e d n e t c a s h f r o m o p e r a t i n g a c t i v i t i e s o f J $ 1 3 3 . 6 m i l l i o n f o r t h e n i n e - m o n t h p e r i o d . T h i s s u p p o r t e d c o n t i n u e d i n v e s t m e n t i n t e c h n o l o g y a n d p l a t f o r m d e v e l o p m e n t , w h i l e t h e C o m p a n y a l s o c o n t i n u e d t o m e e t i t s f i n a n c i n g o b l i g a t i o n s . O p e r a t i o n a l a n d S t r a t e g i c U p d a t e D u r i n g t h e t h i r d q u a r t e r , t h e C o m p a n y s h a r p e n e d i t s s t r a t e g i c f o c u s a r o u n d p r o d u c t d e v e l o p m e n t , i n t e l l e c t u a l p r o p e r t y , p l a t f o r m c o n s o l i d a t i o n , u s e r g r o w t h , a n d t h e m o n e t i z a t i o n o f i t s t e c h n o l o g y i n v e s t m e n t s . A m a j o r a r e a o f f o c u s d u r i n g t h e p e r i o d w a s t h e c o n t i n u e d d e v e l o p m e n t o f t h e C o m p a n y ’ s p r o p r i e t a r y a d a p t i v e a s s e s s m e n t a r c h i t e c t u r e . F o l l o w i n g t h e f i l i n g o f i t s p a t e n t a p p l i c a t i o n , t h e C o m p a n y c o n t i n u e d t o r e f i n e t h e u n d e r l y i n g m o d e l s a n d p r o d u c t f r a m e w o r k i n t e n d e d t o s u p p o r t m o r e r e s p o n s i v e a s s e s s m e n t s , r e a l - t i m e e s t i m a t e s o f l e a r n e r a b i l i t y , a n d i m p r o v e d i d e n t i f i c a t i o n o f k n o w l e d g e a n d s k i l l g a p s . T h i s w o r k f o r m s p a r t o f t h e C o m p a n y ’ s b r o a d e r s t r a t e g y t o s t r e n g t h e n i t s p o s i t i o n w i t h i n t h e g l o b a l a s s e s s m e n t a n d l e a r n i n g - t e c h n o l o g y m a r k e t . M a n a g e m e n t b e l i e v e s t h a t a s s e s s m e n t i n t e l l i g e n c e , p e r s o n a l i z e d i n t e r v e n t i o n , a n d a d a p t i v e l e a r n i n g w i l l b e c o m e i n c r e a s i n g l y i m p o r t a n t c o m p o n e n t s o f t h e C o m p a n y ’ s f u t u r e p r o d u c t a n d r e v e n u e m i x . T h e C o m p a n y i s t h e r e f o r e i n v e s t i n g i n t h e t e c h n o l o g y , c o n t e n t , d a t a s t r u c t u r e s , a n d r e s e a r c h c a p a b i l i t i e s r e q u i r e d t o t r a n s l a t e t h i s i n t e l l e c t u a l p r o p e r t y i n t o c o m m e r c i a l l y v i a b l e p r o d u c t s .

D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 O p e r a t i o n a l a n d S t r a t e g i c U p d a t e C o n t i n u e d D u r i n g t h e q u a r t e r , m a n a g e m e n t a l s o c o n t i n u e d t o r e f i n e t h e r e v e n u e a n d s u b s c r i p t i o n m o d e l f o r O n e A c a d e m y a h e a d o f t h e n e w a c a d e m i c y e a r . T h e C o m p a n y i s b e c o m i n g i n c r e a s i n g l y p r o d u c t - f o c u s e d , w i t h e m p h a s i s o n g r o w i n g t h e n u m b e r o f s u b s c r i b e d u s e r s , s t r e n g t h e n i n g l e a r n e r e n g a g e m e n t , i m p r o v i n g c o n v e r s i o n f r o m i n s t i t u t i o n a l a c c e s s t o d i r e c t p l a t f o r m u s a g e , a n d c r e a t i n g c l e a r e r p a t h w a y s f r o m a s s e s s m e n t t o p e r s o n a l i z e d l e a r n i n g s u p p o r t . T h e e x i s t i n g N a t i o n a l V i r t u a l S c h o o l f o o t p r i n t c o n t i n u e s t o p r o v i d e a n i m p o r t a n t f o u n d a t i o n f o r d e e p e r a d o p t i o n o f O n e A c a d e m y a m o n g s c h o o l s , t e a c h e r s , s t u d e n t s , a n d p a r e n t s . T h e C o m p a n y a l s o u n d e r t o o k s i g n i f i c a n t c o n s o l i d a t i o n a c r o s s i t s t e c h n o l o g y p l a t f o r m s a n d d e v e l o p m e n t w o r k s t r e a m s . T h i s c o n s o l i d a t i o n i s i n t e n d e d t o r e d u c e d u p l i c a t i o n , i m p r o v e t h e r e u s e o f c o r e t e c h n o l o g y , l o w e r f u t u r e o p e r a t i n g a n d d e v e l o p m e n t c o s t s , a n d c r e a t e a m o r e u n i f i e d p l a t f o r m c a p a b l e o f s e r v i n g g o v e r n m e n t , e n t e r p r i s e , s c h o o l , a n d c o n s u m e r m a r k e t s . R e s e a r c h a n d d e v e l o p m e n t e x p e n d i t u r e r e m a i n e d e l e v a t e d d u r i n g t h e p e r i o d a s t h e C o m p a n y c o n t i n u e d t o i n v e s t i n p r o p r i e t a r y t e c h n o l o g y , p l a t f o r m c o n v e r g e n c e , a s s e s s m e n t i n f r a s t r u c t u r e , a n d a r t i f i c i a l i n t e l l i g e n c e c a p a b i l i t i e s . M a n a g e m e n t e x p e c t s t h i s l e v e l o f i n v e s t m e n t t o r e d u c e s y s t e m a t i c a l l y a s m a j o r p r o d u c t - d e v e l o p m e n t m i l e s t o n e s a r e c o m p l e t e d a n d t h e C o m p a n y t r a n s i t i o n s i n c r e a s i n g l y f r o m p r o d u c t d e v e l o p m e n t t o w a r d c o m m e r c i a l i z a t i o n , c u s t o m e r a c q u i s i t i o n , a n d r e c u r r i n g r e v e n u e g e n e r a t i o n . T h e C o m p a n y a l s o s e c u r e d a d d i t i o n a l c u s t o m e r a c c o u n t s d u r i n g t h e q u a r t e r t h a t a r e e x p e c t e d t o c o n t r i b u t e r e c u r r i n g r e v e n u e i n f u t u r e p e r i o d s . M a n a g e m e n t r e m a i n s f o c u s e d o n i n c r e a s i n g t h e p r o p o r t i o n o f r e c u r r i n g a n d p l a t f o r m - l e d r e v e n u e s w h i l e m a i n t a i n i n g d i s c i p l i n e d e x e c u t i o n a c r o s s i t s e x i s t i n g g o v e r n m e n t , e d u c a t i o n , a n d e n t e r p r i s e c o n t r a c t s .

D i r e c t o r ’ s R e p o r t t o S h a r e h o l d e r s F o r t h e T h i r d Q u a r t e r E n d e d M a y 3 1 , 2 0 2 6 M i c h a e l B e r n a r d C h a i r m a n O n e o n O n e E d u c a t i o n a l S e r v i c e s L i m i t e d J u l y 2 0 2 6 O p e r a t i o n a l a n d S t r a t e g i c U p d a t e C o n t i n u e d W i t h i n t h e s c h o o l m a r k e t , t h e C o m p a n y c o n t i n u e d t o s t r e n g t h e n e n g a g e m e n t w i t h p a r t i c i p a t i n g i n s t i t u t i o n s a n d d e e p e n t h e u s e o f i t s p l a t f o r m b e y o n d a c c e s s t o l i v e a n d r e c o r d e d c l a s s e s . T h i s i n c l u d e s g r e a t e r e m p h a s i s o n a s s e s s m e n t s , s t u d e n t d i a g n o s t i c s , t e a c h e r s u p p o r t , p l a t f o r m u s a g e , a n d t h e i n t e g r a t i o n o f l e a r n i n g d a t a i n t o m o r e t a r g e t e d i n t e r v e n t i o n s . T h e o b j e c t i v e i s t o m o v e p r o g r e s s i v e l y f r o m p l a t f o r m a v a i l a b i l i t y t o s u s t a i n e d a d o p t i o n a n d m e a s u r a b l e v a l u e f o r s c h o o l s , t e a c h e r s , a n d l e a r n e r s . T h i s p r o d u c t a n d i n n o v a t i o n a g e n d a i s b e i n g p u r s u e d w h i l e t h e C o m p a n y r e m a i n s f o c u s e d o n m a i n t a i n i n g s e r v i c e q u a l i t y a n d d e l i v e r i n g o n i t s e x i s t i n g c o m m i t m e n t s . M a n a g e m e n t c o n t i n u e s t o p r i o r i t i z e t h e n e e d s o f i t s c o r e c u s t o m e r s i n J a m a i c a , T h e B a h a m a s , a n d t h e e n t e r p r i s e m a r k e t , r e c o g n i z i n g t h a t s t r o n g e x e c u t i o n a n d c u s t o m e r s a t i s f a c t i o n r e m a i n e s s e n t i a l t o p r o t e c t i n g t h e C o m p a n y ’ s c u r r e n t r e v e n u e b a s e a n d s u p p o r t i n g f u t u r e e x p a n s i o n . T h e C o m p a n y a l s o c o n t i n u e d t o s t r e n g t h e n a n d r e c r u i t t h e s p e c i a l i z e d t a l e n t r e q u i r e d t o s u p p o r t i t s n e x t s t a g e o f d e v e l o p m e n t . P r i o r i t y c a p a b i l i t i e s i n c l u d e p r o d u c t m a n a g e m e n t , a s s e s s m e n t a n d p s y c h o m e t r i c s , a r t i f i c i a l i n t e l l i g e n c e , s o f t w a r e e n g i n e e r i n g , r e g i o n a l b u s i n e s s d e v e l o p m e n t , a n d c u s t o m e r a d o p t i o n . T h e s e c a p a b i l i t i e s a r e c o n s i d e r e d i m p o r t a n t t o c o n v e r t i n g t h e C o m p a n y ’ s t e c h n o l o g y a n d i n t e l l e c t u a l - p r o p e r t y i n v e s t m e n t s i n t o s c a l a b l e p r o d u c t s a n d s u s t a i n a b l e r e v e n u e . T h e B o a r d r e m a i n s c o n f i d e n t i n t h e C o m p a n y ’ s s t r a t e g i c d i r e c t i o n . T h e f o c u s f o r t h e r e m a i n d e r o f t h e f i n a n c i a l y e a r i s t o c o m p l e t e k e y p r o d u c t a n d p l a t f o r m m i l e s t o n e s , d e e p e n a d o p t i o n a m o n g e x i s t i n g u s e r s , p r e p a r e t h e r e f i n e d s u b s c r i p t i o n a n d m o n e t i z a t i o n m o d e l f o r t h e u p c o m i n g a c a d e m i c y e a r , m a i n t a i n d i s c i p l i n e d d e l i v e r y t o c o r e c u s t o m e r s , a n d p o s i t i o n t h e C o m p a n y ’ s a s s e s s m e n t a n d a r t i f i c i a l - i n t e l l i g e n c e c a p a b i l i t i e s f o r f u t u r e c o m m e r c i a l g r o w t h .

ONE ON ONE EDUCATIONAL SERVICES LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED 31 MAY 2026 Audited 12 Months 3 Months 3 Months 9 Months 9 Months Ended Note Ended May Ended May Ended May Ended May August 2026 2025 2026 2025 2025 $ $ $ $ $ Revenues from contract with customers 95,752,052 100,539,243 260,707,540 270,385,320 374,108,634 Direct Cost (26,929,599) (20,149,286) (58,452,415) (74,497,107) (97,463,017) Gross Profit 68,822,453 80,389,957 202,255,125 195,888,213 276,645,617 Other Income 590,475 609,221 3,704,943 1,843,130 5,971,740 69,412,928 80,999,178 205,960,068 197,731,343 282,617,357 Administrative Expenses (35,623,182) (37,195,488) (109,702,456) (116,290,358) (158,418,854) Selling Expense (4,607,233) (3,093,117) (14,326,111) (12,276,749) (17,911,433) (40,230,415) (40,288,605) (124,028,567) (128,567,107) (176,330,287) OPERATING PROFIT 29,182,513 40,710,573 81,931,501 69,164,236 106,287,070 Expected credit loss - - - - (1,547,442) Finance costs (4,770,224) (4,089,676) (17,245,881) (13,350,375) (18,840,540) PROFIT BEFORE TAXATION 24,412,289 36,620,897 64,685,620 55,813,861 85,899,088 Taxation 1,439,970 (65,997) 559,729 (737,628) 30,457 NET PROFIT being total comprehensive income 22,972,319 36,686,894 64,125,891 55,076,233 85,929,545 EARNINGS PER STOCK UNIT 4 $0.012 $0.019 $0.034 $0.029 $0.045

ONE ON ONE EDUCATIONAL SERVICES LIMITED STATEMENT OF FINANCIAL POSITION 31 MAY 2026 Un-Audited Un-Audited Audited Note May May August 2026 2025 2025 $ $ $ ASSETS NON-CURRENT ASSETS: Intangible assets 452,038,169 393,611,687 408,256,732 Property, plant and equipment 39,928,639 46,749,332 46,239,152 Right of use asset 3,419,083 5,696,015 5,126,782 495,385,891 446,057,034 459,622,666 CURRENT ASSETS: Due from Directors 25,996,359 24,658,621 24,698,172 Inventories 12,309,537 25,760,955 19,429,716 Trade and other receivables 137,826,747 159,593,313 201,250,227 Cash and Bank Balances 55,178,583 50,944,698 45,646,308 231,311,226 260,957,587 291,024,423 Total Assets 726,697,117 707,014,621 750,647,089 EQUITY AND LIABILITIES SHAREHOLDERS' EQUITY: Issued share capital 5 413,838,628 413,838,628 413,838,628 Accumulated surplus 141,235,959 46,256,756 77,110,067 555,074,587 460,095,384 490,948,695 NON-CURRENT LIABILITIES: Long term loan 47,751,514 61,705,662 47,751,514 Lease Liability 4,341,257 6,615,577 4,341,257 Deferred tax liability 3,344,323 3,552,679 2,784,594 55,437,094 71,873,918 54,877,365 CURRENT LIABILITIES: Current portion of long term loan 31,254,814 31,961,412 42,982,815 Current portion of long term lease 322,977 479,023 2,214,089 Deferred income 1,441,149 59,501,813 23,847,370 Trade and other payables 83,166,496 83,103,071 84,981,132 Bank overdraft - - 50,795,623 116,185,436 175,045,319 204,821,029 Total Equity & Liabilities 726,697,117 707,014,621 750,647,089 Approved for issue by the Board of Directors on July 13, 2026 and signed on its behalf by: Ricardo Allen- Director Michael Bernard- Director

ONE ON ONE EDUCATIONAL SERVICES LIMITED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE PERIOD ENDED 31 MAY 2026 Share Accumulated Capital Surplus Total $ $ $ Balance at 31 August 2024 413,838,628 (8,819,477) 405,019,151 Net loss, being total comprehensive income for the period - 55,076,233 55,076,233 - Balance at 31 May 2025 413,838,628 46,256,756 460,095,384 Balance at 31 August 2025 413,838,628 77,110,068 490,948,696 Net profit, being total comprehensive income for the period - 64,125,891 64,125,891 Balance at 31 May 2026 413,838,628 141,235,959 555,074,587

ONE ON ONE EDUCATIONAL SERVICES LIMITED STATEMENT OF CASHFLOW PERIOD ENDED 31 MAY 2026 Un-Audited Un-Audited Audited May May August 2026 2025 2025 $ $ $ CASH FLOWS FROM OPERATING ACTIVITIES: Net profit/(loss) 64,125,891 55,076,233 85,929,545 Adjustments for items not affecting cash resources: Amortization on intangible assets 474,374 479,727 639,635 Depreciation charges on property, plant and equipment 6,884,038 7,033,647 9,551,250 Expected credit loss provision - - 1,547,442 Depreciation charge on right-of-use asset 1,707,699 1,707,699 2,276,932 Loss on disposal of property, plant and equipment - 165,699 208,679 Taxation 559,729 737,628 (30,457) Lease interest expense 420,839 662,229 833,549 Interest expense 14,359,288 11,410,235 15,766,854 Operating cash flows before movements in working capital 88,531,858 77,273,097 116,723,429 (Increase)/Decrease in operating assets: Inventories 7,120,179 10,105,935 16,437,174 Trade & other receivables 63,423,480 (48,676,806) (91,881,162) Due from related parties (1,298,187) (2,252,188) (2,291,739) Increase/(Decrease) in operating liabilities: Trade and other payables (1,814,636) 3,797,068 5,668,381 Deferred income (22,406,221) 52,008,040 16,353,597 Net cash provided by/(used in) operating activities 133,556,473 92,255,146 61,009,680 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of intangible assets (44,255,811) (50,750,499) (65,555,452) Acquisition of property,plant and equipment (573,525) (9,569,029) (11,619,435) Proceed from sale of fixed asset - 19,978 19,980 Net cash (used in) investing activities (44,829,336) (60,299,550) (77,154,907) CASH FLOW FROM FINANCING ACTIVITIES: Lease liability payments (2,311,950) (2,007,390) (2,717,964) Proceeds from loan 2,729,032 1,790,468 1,790,468 Loan repayment (14,457,033) (12,732,524) (15,658,521) Interest paid (14,359,288) (11,410,235) (15,766,854) Net cash (used in)/provided by financing activities (28,399,239) (24,359,681) (32,352,871) NET INCREASE/(DECREASE) IN CASH AND BANK BALANCES 60,327,898 7,595,915 (48,498,098) Opening cash and bank balances (5,149,315) 43,348,783 43,348,783 CLOSING CASH & BANK BALANCES 55,178,583 50,944,698 (5,149,315) REPRESENTED BY: Cash and bank deposits 55,178,583 50,944,698 45,646,308 - - (50,795,623) 55,178,583 50,944,698 (5,149,315)

ONE ON ONE EDUCATIONAL SERVICES LIMITED NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 31 MAY 2026 1 IDENTIFICATION AND PRINCIPAL ACTIVITIES: (a) One On One Educational Services Limited is a limited liability company incorporated under the Jamaican Companies Act (the "Act"). The registered office of the Company is 9th Floor, PanJam Building, 60 Knutsford Boulevard, Kingston 5. (b) The principal activities of the company is the use of its online learning platform and next generation learning content to deliver personalized education primarily to enterprises, governments, and individuals across the Caribbean & Latin American region. (c) The company became listed on the Junior Market of the Jamaica Stock Exchange on 1 September 2022. Consequently the company is entitled to a remission of taxes for ten (10) years in proportions set out below, provided the shares remain listed for at least 15 years. Years 1-5 100% Years 6-10 50% 2 REPORTING CURRENCY: Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates (‘the functional currency’). These financial statements are presented in Jamaican dollars, which is considered the company’s functional and presentation currency. 3 SIGNIFICANT ACCOUNTING POLICIES: The same accounting policies and methods of computations are followed in the interim financial statements as compared with the most recent annual audited financial statements. 4 EARNINGS PER STOCK UNIT: Earnings per stock unit is calculated by dividing the net profit attributable to stockholders by the weighted average number of ordinary stock units in issue at end of period. 31 May 31 May 2026 2025 $ $ Profit/(loss) attributable to shareholders 64,125,891 55,076,233 Weighted average number of shares in issue 1,900,000,000 1,900,000,000 Earning per share $0.034 $0.029

ONE ON ONE EDUCATIONAL SERVICES LIMITED NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 31 MAY 2026 5 SHARE CAPITAL: 2026 2025 $ $ Authorized: Ordinary shares 100,000,000,000 Preference shares 5,000,000 Issued and fully paid: Ordinary shares 1,900,000,000 413,838,628 413,838,628 6 TOP TEN SHAREHOLDERS: % of Issued Shares Held Shares Victoria Mutual Pension Management Ltd. 337,134,001 17.74 Sagicor Life Jamaica Limited (Managing Agent 300,250,000 15.80 of the Sagicor SIGMA Fund (Sagicor Sigma Venture) SOHO Investment Ltd. 247,010,169 13.00 John Bailey 156,561,232 8.24 Ravers limited 145,476,068 7.66 Michael Bernard 100,817,063 5.31 Douglas R. Orane 97,143,911 5.11 Ricardo Allen 82,483,208 4.34 Cecil Boswell Facey Foundation Ltd. 77,750,000 4.09 Conrod Vic Hanson 31,220,100 1.64 Total 1,575,845,752 82.93 Total Issued shares 1,900,000,000 100.00

ONE ON ONE EDUCATIONAL SERVICES LIMITED NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 31 MAY 2026 7 DIRECTORS & SENIOR OFFICERS: % of Issued Connected Shares Held Shares Directors: John Bailey 156,561,232 8.24 Michael Bernard 100,817,063 5.31 Ricardo Allen 82,483,208 4.34 Ricardo Allen SOHO Investment Ltd. 247,010,169 13.00 Dr. Carol Granston 367,153 0.02 Atasha Bernard 201,734 0.01 Mischa McLeod-Hines 16,025 - 587,456,584 30.92 Senior Officers: Daniel Dawson 6,695,167 0.35 Yohan Brown 5,072,167 0.27 Donnisha Brooks 1,298,340 0.07 Dr. Ricardo Anderson 1,198,338 0.06 Juanita Neil 904,062 0.05 Candice Brown 300,000 0.02 15,468,074 0.82

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