August 17, 2026

Quantas Advantage Inc. (QAINC)
Unaudited financials for the year ended June 30, 2026:

Quantas Advantage Inc. (QAINC) for the year ended June 30, 2026, reported a 56% increase in Interest income, net totalling US$2.76 million compared to US$1.77 million for the corresponding period of 2025. Interest income, net for the fourth quarter almost doubled, rising 94% to close at US$784,149 relative to US$404,109 for the comparable quarter of 2025. Management attributed the increase to sustained growth in the Company’s investment portfolio and higher yields on interest-bearing assets, partially offset by higher interest expense on loan and notes payable reflecting the increase in borrowings over the period.

Realised gains, which arose primarily from the sale of financial assets, declined 37% to US$806,380 (2025: US$1.29 million), reflecting a lower level of portfolio disposals during the year. For the quarter, realised gains fell 48% to US$493,416 (2025: US$950,566). Unrealised foreign exchange movements swung to a gain of US$192,076 relative to a loss of US$272,051 in 2025, while for the quarter a gain of US$85,820 was recorded (2025: loss of US$118,071).

Consequently, Total revenue for the year ended June 30, 2026, grew 35% to US$3.75 million compared with US$2.78 million in 2025. Total revenue for the fourth quarter increased 10% to US$1.36 million (2025: US$1.24 million).

The Company recognised an expected credit gain of US$7,710 for the year rather than a charge (2025: gain of US$2,224), reflecting stable credit performance across the portfolio and the absence of emerging signs of impairment, with no significant impairments recorded during the period.

Operating expenses for the year amounted to US$967,669, a 45% increase relative to US$668,958 reported in 2025, driven primarily by higher management fees which scaled with the growth in the asset base, together with higher performance fees reflecting improved investment performance. For the quarter, operating expenses rose 44% to US$437,212 (2025: US$303,446).

As a result, Net income before tax for the year ended June 30, 2026, amounted to US$2.79 million, a 32% increase relative to US$2.12 million reported in 2025. For the fourth quarter, net income before tax was US$925,044, a 1% decline relative to US$935,703 in the comparable quarter of 2025.

Taxation for the year amounted to US$263,877, a 42% increase relative to US$185,672 reported in 2025, reflecting higher taxable profits arising from increased net interest income. The Company is subject to corporate income tax at a statutory rate of 9%.

As such, Net income after tax for the year ended June 30, 2026, rose 31% to reach US$2.53 million (2025: US$1.93 million). Net income after tax for the fourth quarter amounted to US$823,519, a 5% decline relative to US$869,658 booked for the similar quarter of 2025.

Total comprehensive income for the year advanced 21% to US$2.45 million (2025: US$2.03 million), after other comprehensive loss of US$83,949 (2025: income of US$97,269).

Consequently, Earnings Per Share for the year amounted to US$0.009 or J$1.35 (2025: EPS: US$0.007 or J$1.05). The number of common shares used in these calculations was 295,651,250.

Notably, QAINC’s stock price closed the trading period on August 17, 2026, at a price of J$14.92 with a corresponding P/E ratio of 11.02x.

Balance Sheet Highlights

The Company’s assets totalled US$50.87 million (2025: US$31.23 million), an increase of 63% or US$19.64 million, funded principally by the common share issuance completed during the year and a new loan facility. Notably, Securities purchased under resale agreements led the growth in total assets with an increase of US$12.45 million or 95% to close at US$25.62 million. Financial assets at fair value advanced US$5.83 million or 36% to US$22.18 million, Purchased receivables of US$1.02 million were recognised (2025: nil), Cash increased US$736,283 to US$1.22 million, and Accrued interest rose US$94,624 or 48% to US$292,713. These increases were partly offset by a US$270,775 or 92% reduction in Accounts receivable and prepaid expenses to US$24,530 and a US$227,176 or 31% decline in Lease receivable to US$508,930.

Total Liabilities amounted to US$17.09 million (2025: US$12.18 million), up 40%, primarily reflecting a new loan facility of US$4.44 million drawn during the year (2025: nil), which supported the Company’s expansion initiatives and, being denominated in Jamaican dollars, also served as a foreign exchange management measure. Notes payable rose 2% to US$10.89 million (2025: US$10.70 million) and Trade and other payables increased 28% to US$1.44 million (2025: US$1.13 million), while Taxation payable declined 31% to US$131,158 (2025: US$191,197).

Shareholder’s equity was US$33.78 million (2025: US$19.05 million), an increase of 77%, representing a book value per share of US$0.114 or J$18.08 (2025: US$0.064 or J$10.36). The increase was driven primarily by the issuance of common shares following the completion of the initial public offering, which generated net proceeds of US$14.0 million after equity transaction costs of US$849,616, together with net profit for the year of US$2.53 million, partly offset by dividends of US$1.74 million and fair value movements on financial assets measured at fair value through other comprehensive income.

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein