Overactive Media (OAM) investor relations material

Executive summary

• Achieved record first-quarter revenue of CAD 5.4 million, up 7% year-over-year, led by Business Operations growth and best-ever first-quarter adjusted EBITDA loss of CAD 1.3 million, narrowing by 43% from last year.

• Gross margin expanded to 59% from 52%, reflecting a higher-margin commercial mix and operational efficiencies.

• Net loss narrowed 32% to CAD 2.5 million year-over-year.

• Cost base reduced through lower payroll and team operations costs, partially offset by higher SG&A, commercial, and marketing activity.

• Ended Q1 with CAD 5.1 million in cash; completed CAD 1.95 million secured debt financing after quarter-end.

Financial highlights

• Revenue increased 7% to CAD 5.4 million, driven by sponsorships, partnerships, agency services, content production, and live events.

• Gross profit rose 22% to CAD 3.2 million, with gross margin improving to 59%.

• Operating expenses declined to CAD 4.8 million, with underlying costs falling ~9% excluding CAD 0.3 million restructuring costs.

• Adjusted EBITDA loss improved to CAD 1.3 million from CAD 2.3 million; net loss improved to CAD 2.5 million from CAD 3.7 million.

• Cash and equivalents at quarter-end were CAD 5.1 million, up from CAD 4.4 million at year-end 2025.

Outlook and guidance

• Management expects operational efficiency and restructuring initiatives to further reduce costs starting in Q2 2026.

• Expects highest-margin league and digital revenue to build through the year, supporting the path to profitability.

• Increased commercial visibility and momentum expected for the remainder of 2026.

• Management remains focused on executing its plan and closing the gap to profitability.