FosRich Company Limited (FOSRICH) Unaudited Financial Statements for the First Quarter Ended 31 March 2026

Company Limited “We Foster Rich Customer Service” Management Discussion & Analysis And Summary Unau dited Consolidated Financial Statements Three Months Ended 31 March 202 6 The Board of Directors report on the unaudited results of FosRich for the three months ended 31 March 20 2 6 and to report on the performance of FosRich . Financial Highlights • Revenues - $ 415.2 million compared to $ 852.9 million in the prior period . • Gross profit - $ 141.3 million compared to $ 3 05.6 million in the prior period . • Net loss – $ 178.8 million, compared to $ 68.6 million in the pri or period . • Earnings per stock unit – ( 4 ) cent compared to ( 1 ) cent in the prior period . Business Overview FosRich is primarily a distributor of electrical, lighting, and solar energy products. FosRich aims to differentiate itself from its competitors in the Jamaican marketplace by providing a quality and cost - effective service, and by collaborating with clients on technical solutions. FosRich partners with la rge global brands seeking local distribution such as Huawei, Philips Lighting, Victron Energy, Siemens, NEXANS and General Electric. FosRich has a staff complement of two hundred and forty ( 240 ) people acro ss ten (10) locations in Kingston, Clarendon, Mandeville, and Montego Bay. FosRich also has a team of energy and electrical engineers who offer technical advice and install solar energy systems, solar water heaters, and electrical panel boards. O ur turnover numbers continue to be affected by the substantial fall in solar panel cost on the world markets , which affects our busine s s . With the continuing uncertainties in the USA market, our global partners, in seeking to broaden and deepen their relationships with their non - USA customers, have offered more favourable credit terms to us. This is providing measurable benefits Turn Around Plan s The plans that are being urgently undertaken to return the company to profitability includes the following: 1. Sale and lease - back of real estate. We are currently engaged with our financial partners in a sale and lease - back transaction of our real estate properties. The proceeds of this transaction will be used to liquidate existing loans and provide cash needed to finance inventory purchases for operations . 2. Molynes s uperstore We anticipate commencing activities at our new Superstore by the end of Q3, which will contribute significantly to our top line and cash flows. 3. Inventory rationalisation. We have embarked on plans to further reduce stock items and to optimise our inventory levels . This is expected to bring some levels of cost reduction and improving efficiencies , whilst enabling the team to focus on high - performing products. 4. Administration expenses. While we have been very frugal in our approach to discretionary expenses, we continue to critically review each item before expenditures are approved. 5. Vertical i ntegration s trategies We are pursuing opportunities and partnering with property developers, with a view to maximizing the use of our products and services in real estate developments. We anticipate significant increase in sales from this initiative.

Income Statement Income The company generated income for the first quarter of $ 415.2 million compared to $ 85 2.9 million in the prior reporting period. Gross profit for the first quarter of 202 6 was $ 141.3 million compared to $ 3 05.6 million for the prior reporting period. The main revenue drivers were Solar, Hardware, LED, PVC & Wiring Devices. Administration Expenses Administration expenses for the year - to - date was $ 3 07.0 million, reflecting a 9 % de crease on March 202 5 ’s $3 37.4 . The de creased costs were f acilitated primarily by de creased staff related costs , advertising and promotion, travelling and motor vehicle expenses , insurance costs, and secur ity expenses. Finance Cost Finance cost for the year - to - date was $ 4 2 .2 million compared to $ 44.2 million in the prior period . Net Loss The operating loss generated for the period was $ 178.8 million, compared to $ 68.6 million reported for the prior reporting period resulting in loss per stock unit of $0.0 4 compared to $0.0 1 at March 202 5 Balance Sheet Inventories Since the start of the year, there has been the continued liquidation of inventories . The company continues to proactively manage inventory balances and the supply - chain, with a view to ensuring that inventory balances being carried are optimised, relative to the pace of sales, the time between the orders being made and when goods become available for sale, to avoid both overstockin g and stock - outs. Monitoring is both at the individual product level and by product categories. Receivables We continue to actively manage trade receivables with an emphasis being placed on balances in the over 180 - day bucket. We have implemented strategies to collect these funds as well as to ensure that the other buckets are managed. W e have re - evaluated all credit relationships . Where necessary , credit limits have been reduced , and credit periods shortened. For some inventory items , we have instituted seven (7) day credit or cash. Trade Payables Our trade payables are categorised by foreign purchases, local purchases and other goods and services. While we have concentrated primarily on the foreign payables, as the bulk of our inventories are sourced from overseas. we continue to manage payables , for the most part, within the terms given by our suppliers. Non - current Liabilities Non - current liabilities have reduced by $ 26 million due to the run - off and maturing of facilities. Shareholders’ Equity Shareholders’ equity now stands at $ 1, 314 million , compared to $1, 493 million on 31 December 202 5 . Other Matters We are cognizant that despite the challenges ahead within our local operating space and the wider global space, we have the right talents and leadership to deliver on our plans for the ensuing period. We will continue to execute our plans to ensure that we remain competitive and deliver value solutions to our customers. As we report on the performance of FosRich, we thank our shareholders, employees, customers, and other stakeholders for their support as we continue to expand our business and bring greater value to our various stakeholders. Managing Director

Accounting Policies The accounting policies used in the preparation of these financial statements have remained unchanged since the last audit and the account classifications have also remained the same. Standards, interpretations, and amendments to existing standards that became effective after 1 January 202 6 have been evaluated and will have no significant effect on the amounts and disclosures in these financial statements. Critical Accounting Estimates Judgment is required in the estimating of expected credit loss for trade receivables and other financial assets , and an appropriate model to predict this loss, based on historic trends is being used. We do not anticipate any notable change in the assumptions underlying the model, or the credit behaviour of our customers.

CONSOL IDATED STATEMENT OF FINANCIAL POSITION As at 3 1 March 202 6 Approved for issue by the Board of Directors on 28 th May 202 6 by: Marion Foster Peter Knibb Chairman Director Unaudited Audited Unaudited Mar-26 Dec-25 Mar-25 $ $ $ Property, plant and equipment 1,445,623,037 1,456,382,172 1,526,220,732 Right-of-use Assets 554,341,730 564,388,793 573,518,123 Due From Related Parties 1,526,069,772 1,552,729,009 1,444,919,505 Investments 41,189,552 41,189,552 40,168,593 Investment - Associated Company 201,926,713 202,754,275 209,319,104 Goodwill 63,040,000 63,040,000 63,040,000 Deferred Tax 112,739,648 138,174,315 - 3,944,930,452 4,018,658,116 3,857,186,057 Inventories 1,835,786,448 1,875,023,268 2,384,517,891 Receivables 494,022,810 434,143,337 645,290,091 Associated Company 94,928,588 96,156,734 9,241,315 Taxation Recoverable 18,264,655 18,257,145 18,067,295 Cash, cash equivalents and short-term deposits 99,701,167 100,013,426 136,517,529 2,542,703,668 2,523,593,910 3,193,634,121 6,487,634,120 6,542,252,026 7,050,820,178 Share capital 488,536,944 488,536,944 488,536,944 Capital reserves 570,849,911 570,849,911 570,614,965 Retained earnings 254,544,656 433,352,167 870,947,394 1,313,931,511 1,492,739,022 1,930,099,303 Right-of-use Liability 461,471,353 473,453,432 477,401,949 Long-term liabilities 2,128,862,979 2,142,161,557 2,282,926,061 Deferred Tax - - 19,824,204 Directors' loan 23,848,158 24,698,791 27,695,656 2,614,182,490 2,640,313,780 2,807,847,870 Payables 1,663,207,294 1,568,813,055 1,444,273,517 Short Term Financing 196,674,748 201,920,438 203,205,634 Current Portion of Long-term Liability 638,880,632 577,708,286 600,884,157 Right-of-use Liability 60,757,445 60,757,445 64,509,697 2,559,520,119 2,409,199,224 2,312,873,005 6,487,634,120 6,542,252,026 7,050,820,178 EQUITY AND LIABILITIES Equity: Non-current liabilities: Current liabilities: Current assets: Non-current assets: ASSETS

CONSOL IDATED STATEMENT OF COMPREHENSIVE INCOME Period ended 31 March 202 6 3 Months to 3 Months to Mar-26 Mar-25 $ $ Turnover 415,187,481 852,905,100 Cost of Sales (273,906,920) (547,338,524) Gross Profit 141,280,561 305,566,576 Other Income 7,741,846 779,235 149,022,407 306,345,811 Expenses Administrative expenses (307,019,951) (337,370,500) Expected Credit Loss Adjustment 22,232,624 8,900,061 Share of Results of Investment in Associate (827,562) (2,248,214) Operating (Loss)/Profit (136,592,482) (24,372,842) Finance Cost (net) (42,215,029) (44,227,458) (178,807,511) (68,600,300) Taxation - - Net Loss (178,807,511) (68,600,300) Loss per stock unit (0.04) (0.01)

CONSOL IDATED STATEMENT OF CHANGES IN EQUITY Period ended 31 March 202 6 Share Capital Capital Reserve Retained Earnings Total $ $ $ $ Balance at 1 January 2025 488,536,944 570,577,466 939,547,694 1,998,662,104 Unrealised fair value gain 37,499 37,499 Net profit for period - - (68,600,300) (68,600,300) Balance at 31 March 2025 488,536,944 570,614,965 870,947,394 1,930,099,303 Balance at 1 January 2026 488,536,944 570,849,911 433,352,167 1,492,739,022 Net profit for period - - (178,807,511) (178,807,511) Balance at 31 March 2026 488,536,944 570,849,911 254,544,656 1,313,931,511

CONSOL IDATED STATEMENT OF CASH FLOWS Period ended 31 March 202 6 3 Months to 3 Months to Mar-26 Mar-25 $ $ Cash flows from operating activities: Results for the period (178,807,511) (68,600,300) Adjustments to: Unrealized Foreign exchange (gain)/ loss 1,212 Share of results of associate 827,562 2,248,214 Expected Credit Loss Adjustment (22,232,623) (8,900,061) Depreciation 18,156,073 21,398,836 Amortisation - Right Of Use Asset 10,047,064 14,597,154 (172,008,223) (39,256,157) Changes in non-cash working capital components: Inventories 39,236,820 247,545,515 Accounts receivable (59,879,473) (27,435,763) Income Tax (7,510) (51,869) Accounts payable 94,393,027 20,736,465 Net cash provided by operations (98,265,359) 201,538,191 Cash flows from investing activities: Investment - 461,449 Related Party 48,891,860 8,900,061 Investment in Associated Company 1,228,146 (1,237,536) Purchase of property plant and equipment (7,396,938) (557,337) Cash used in investing activities 42,723,068 7,566,637 Cash flows from financing activities: Directors' loan (repayments)/proceeds (850,634) 841,517 Finance Lease (11,982,079) (16,500,507) Short-term financing 31,768,915 (103,504,484) Long-term Loan 36,293,830 (59,016,226) Cash (used in)/provided by financing activities 55,230,032 (178,179,700) Net (decrease)/increase in cash and cash equivalents (312,259) 30,925,128 Cash and cash equivalents at beginning of period 100,013,426 105,592,401 Cash and cash equivalents at end of period 99,701,167 136,517,529 Cash at bank 99,701,167 136,517,529 Bank overdraft - - Cash and cash equivalents at end of period 99,701,167 136,517,529

STOCKHOLDER INFORMATION 31 March 202 6 Name Number Percentage 1 Cecil Foster & Marion Foster, Madison-Grace Foster 2,026,802,570 39.9% 2 Marion Foster 2,012,664,260 39.6% 3 Victoria Mutual Pensions Management Lmited 153,490,007 3.0% 4 JCSD Trustee Services Ltd. - Barita Unit Trust Capital Growth Fund 128,391,344 2.5% 5 Barita Investment Ltd - Long A/C (Trading) 120,470,003 2.4% 6 Peter Knibb & Elizabeth Knibb, Janelle Knibb, Jenine Knibb, Brandon Knibb 111,187,192 2.2% 7 JCSD Trustee Services Ltd. - Sigma Global Ventures 47,042,690 0.9% 8 Jamaica Money Market Brokers Ltd 43,776,000 0.9% 9 Sagicor Select Fund Limited - Class C - Manufacturing & Distribution 40,289,600 0.8% 10 Rosalyn Campbell 20,000,000 0.4% Total of Top Ten 4,704,113,666 92.6% Others 374,371,531 7.4% Total Shares Allotted 5,078,485,197 100% Total Number Of Stockholders 5,204 Name Shares Held Directors 1 Cecil Foster & Marion Foster, Madison-Grace Foster 2,026,802,570 2 Marion Foster 2,012,664,260 3 Peter Knibb & Elizabeth Knibb, Janelle Knibb, Jenine Knibb, Brandon Knibb 111,187,192 4 Ian Kelly 2,666,667 5 Steadman Fuller Nil 6 Marva Chang Nil Board Committee Member 7 Clive Nicholas Nil Name Shares Held 1 Cecil Foster & Marion Foster, Madison-Grace Foster 2,026,802,570 2 Peter Knibb & Elizabeth Knibb, Janelle Knibb, Jenine Knibb, Brandon Knibb 111,187,192 3 Warren Riley & Cheryl Riley 1,715,337 4 Vincent Mitchell 74,840 5 Hector Mendoza Nil 6 Ian McNaughton Nil Stockholding of Directors, Board Committees Members & Connected Persons Stockholding of Senior Managers & Connected Persons Top 10 Stockholders Shares Held