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NETWORK MEDIA GROUP ANNOUNCES 2025 YEAR-END RESULTS

News Provided by PR Newswire2026-03-31

NETWORK MEDIA GROUP ANNOUNCES 2025 YEAR-END RESULTS

[30-March-2026]

VANCOUVER, BC, March 30, 2026 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTCQB: NETWF) ("Network" or "the Company") today reported annual results for the year ended November 30, 2025, including revenues of $6,689,090 (2024 - $11,231,656), a net loss of $1,312,936 (2024 – a net loss of $1,910,857) and Adjusted EBITDA ¹ loss of $447,125 (2024 – Adjusted EBITDA loss of $262,275), and a backlog ² of $4.2 million. On a per-share basis, the Company reports a net loss of $0.07 per share (2024 – net loss of $0.11) and an Adjusted EBITDA loss per share of $0.02 (2024 – Adjusted EBITDA loss per share of $0.01). The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca.

Network President Curtis White stated, "2025 was a year of resilience and disciplined execution for Network. In a challenging media market, our priority is operational efficiency and strengthening key strategic partnerships to evolve our production financing models and expand our IP library. Meanwhile, the team continues to deliver high-profile content that resonates with audiences and industry partners. Our objective remains to efficiently scale our production pipeline to drive future growth, profitability and value creation for our shareholders."

Key metrics for Network's three months ended Q4 2025 include the following highlights:

Revenues of $1,322,209 (2024 – $3,259,771);
Net loss of $970,289 – $0.05 per share (2024 net income of $219,286 – $0.01 per share);
Adjusted EBITDA loss of $666,899 – $0.04 per share (2024 Adjusted EBITDA income of $1,102,193 – $0.06 per share); and
Backlog of $4.2 million.

A summary of the significant events and operational highlights for Network's year ended November 30, 2025, includes:

Our BRATS feature documentary received significant recognition at the 2025 Webby Awards, winning in two categories: Webby Winner – Video & Film: Documentary, and People's Voice Winner – Video & Film. The BRATS documentary was directed by original Brat Pack member Andrew McCarthy (based on his New York Times bestselling book Brat: An '80s Story), in partnership with NEON and ABC News, and premiered at Tribeca Film Festival and then launched on Hulu, reaching #1 on the platform;
We delivered our Sly Stone feature documentary, Sly Lives! (aka The Burden of Black Genius), directed by Academy Award-winner and four-time Grammy and Sundance Film Festival Award-winner Ahmir "Questlove" Thompson, in partnership with MRC Non-Fiction and Onyx Collective. The film debuted on January 23, 2025, at the Sundance Film Festival and premiered on February 13, 2025, on Hulu/Disney. The film was also nominated for a Gotham TV Award in the Outstanding Original Film, Broadcast, or Streaming category, a Primetime Emmy in the Outstanding Documentary or Nonfiction Special category, and a Critics' Choice Documentary Award for Best Music Documentary;
We delivered a proprietary feature-length documentary entitled I Am Luke Perry, airing on the CW Network;
We announced a strategic distribution agreement with Elevation Pictures for the Canadian distribution of our I AM feature documentary library, commencing with three new highly anticipated titles, I Am Luke Perry, I Am Raquel Welch, and I Am Joe Frazier, which premiered on Crave on June 9, June 16 and June 23, respectively; and
We completed production on a five-episode documentary series for the Hockey Hall of Fame.

Network also continued production on four other feature-length documentaries.

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¹ "Adjusted EBITDA" is calculated based on EBITDA (known as earnings/loss before interest, taxes, depreciation and amortization) plus share-based payments expense, finance costs (income), foreign exchange gain (loss) and losses and other items of an unusual nature that do not reflect ongoing operations. EBITDA and Adjusted EBITDA are commonly reported and widely used by investors and lenders as indicators of a company's operating performance and its ability to incur and service debt, as well as valuation metrics. EBITDA and Adjusted EBITDA are not earnings measures recognized by IFRS and therefore do not have a standardized meaning prescribed by IFRS. Therefore, EBITDA and Adjusted EBITDA may not be comparable to similar measures presented by other issuers.

² The Company uses the non-IFRS measure "backlog," which is defined as the undiscounted value of signed agreements for production services for work that has not yet been performed, but which the Company expects to recognize revenue in future periods. The extent of eventual revenue recognized in future periods may be materially higher or lower than this amount, depending upon assumptions and expectations that include, but are not limited to the following: the terms of the contracts will not be altered; delivery of the Company's products will occur as scheduled; the purchasing party will make payment as and when due under the contract, and will comply with all payment terms; the US-CDN currency exchange rates remain stable (assumed to be 1.35 USD-CDN for the purposes of the estimates made herein); no unforeseen event interrupts business in the ordinary course; and the purchasing party will pay, or has paid, Network on a pro-rata to percent completed for a film or episode that is in progress. Should conditions change, the revenue estimates may not be met, and actual results may differ, perhaps materially.

About Network Media Group / Network Entertainment
Network Media Group is the parent company of Network Entertainment Inc.
Network Entertainment is a creatively driven, boutique film, television, and digital content production company that creates, finances and produces award-winning programming for television, digital platforms, and movie audiences around the world.

The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners.

For additional information on Network Entertainment Inc., visit www.networkentertainment.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Non-IFRS Financial Measures and Forward-looking Information

In addition to results reported in accordance with IFRS, this news release refers to certain non-IFRS financial measures as supplemental indicators of the Company's financial and operating performance. These non-IFRS financial measures include EBITDA, Adjusted EBITDA and Future Contracted Production Revenue (commonly referred to as backlog). The Company believes these supplemental financial measures reflect the Company's ongoing business in a manner that assists readers in making meaningful period-to-period comparisons and analyzing trends in its business.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involves known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.

SOURCE Network Media Group Inc.

Company Codes: TorontoVE:NTE,OTC-BB:NETWF,OTC-PINK:NETWF

2026

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