CitroTech (CITR) investor relations material

Executive summary

• Focused on environmentally friendly fire inhibitor products for wildland fire, property protection, and wood products industries in the US and Canada.

• Revenue is highly seasonal and event-driven, with significant customer concentration and no established recurring customer base.

• Formed a 50/50 joint venture with Hexion Inc. in April 2026 to commercialize fire inhibitor products for lumber and wood products.

• Management team expanded, with new COO and CEO appointments and rebranding to CitroTech Inc.

Financial highlights

• Revenue for Q2 2026 was $280,666, down 59% year-over-year; six-month revenue was $625,581, down 62%.

• Net loss for Q2 2026 was $3.9 million, a 67% improvement year-over-year; six-month net loss was $10.1 million, a 56% improvement.

• Operating expenses for Q2 2026 were $3.8 million, up 2% year-over-year; six-month operating expenses were $8.6 million, up 5%.

• Cash at June 30, 2026 was $2.5 million, down from $6.3 million at year-end 2025.

• Working capital at June 30, 2026 was $3.3 million.

Outlook and guidance

• Management believes current cash is insufficient for commercial-scale production and working capital needs for the next twelve months.

• Actively evaluating funding alternatives, including equity or debt issuance.

• Revenue expected to remain seasonal and event-driven until channel partner and recurring customer programs mature.