QWI Investments Ltd (QWI) – Announcement of Results for Third Quarter ended June 2026

REPORT FOR THE THIRD QUARTER ENDED JUNE 2026

2 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 nnnn 3 Directors’ Report 4 Market Back d rop 5 - 6 Commentary : Q 3 Results 7 Top 10 Jamaican Investment Holdings 8 Top 10 US Investment Holdings 9 - 1 5 Unaudited Financial Statements CONTENTS

3 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 D I R E C T O R ’ S R E P O R T QWI Investments (QWI) closed the June 2026 third quarter with a net profit of $144 million, compared to $39 million in the comparative quarter of the prior year. This strong performance erased earlier half - year losses and brought year - to - date profit to $52 million. The improved results were driven by: • Gains in overseas portfolios, particularly in technology - related holdings. • A reversal of unrealised losses in the local portfolio. The quarter was marked by muted activity in the Jamaican stock market but robust gains in the USA, especially in the technology - heavy NASDAQ . O U T L O O K Jamaica | Recovery and Momentum Despite some uncertainty in the first half of the prior year, several listed companies posted positive results. With infrastructure recovery advancing and utilities nearly restored, confidence is building. QWI’s diversified local portfolio continues to ben efit from strong positions in Caribbean Cement Company, TransJamaican Highway and General Accident Insurance. USA | Resilient but Divergent Trends Geopolitical tensions in the Middle East have shaped investor sentiment. In the US: • Semiconductor and hardware suppliers to the booming data centre industry have surged. • AI - focused companies, particularly software firms, have faced scepticism over heavy investment and uncertain returns. QWI’s portfolios have participated in these trends, positioning the Company to continue benefiting from market momentum. Adaptability and Drive QWI remains committed to navigating evolving conditions, guided by long - term opportunities across both domestic and international markets .

4 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 M A R K E T B A C K D R O P Index movements across our key investment markets were as follows:

5 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 C O M M E N T A R Y : Q 3 R E S U L T S T H I R D Q U A R T E R • Local Portfolio: Jamaican investments generated realised and unrealised gains of $28 million, representing a 2.4 percent return on the opening portfolio. Key contributors were General Accident Insurance and TransJamaican Highway, slightly outperforming the JSE Main Index. • Overseas Portfolio: Overseas holdings delivered gains of $190 million, a 22.4 percent return on the opening portfolio. This outpaced the NASDAQ Composite Index’s 21.4 percent gain, driven by semiconductor and data centre - related companies. • Net Asset Value (NAV): NAV per share rose 8.1 percent, from $1.23 (March 2026) to $1.33 (June 2026). • Expenses: o Administration costs declined to $11.2 million (vs. $17.5 million in Q1 2024/25). o Interest expense rose to $17.8 million (vs. $8.0 million a year ago), reflecting higher short - term USD borrowings to finance U.S. equity purchases. Y E A R - T O - D A T E R E S U L T S • Total Gains: Year - to - date realised and unrealised gains amounted to $151 million, a $250 million turnaround from the prior year’s $98 million loss. • Local Portfolio: Performance was essentially stable, modestly trailing the JSE Index. Gains in the Index were largely attributable to West Indies Petroleum Terminal, listed in December 2025. • Overseas Portfolio: Overseas gains of $139 million represented a 15.6 percent return on the October 2025 valuation, outperforming the S&P 500 and closely matching the NASDAQ Index.

6 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 C O M M E N T A R Y : Q 3 R E S U L T S C O N T I N U E D S T A T E M E N T O F F I N A N C I A L P O S I T I O N • Equity Capital: Increased to $1.8 billion, up from $1.767 billion (September 2025), reflecting trading gains. • Investments: Total investments stood at $2.25 billion, with: o 53 percent in Jamaican listed stocks. o The remainder primarily in US equities. • U.S. Portfolio: Holdings valued at US$6.7 million, including leading IT, pharmaceutical, banking, housing, and construction companies. • Borrowings used to partially fund the investment portfolio: o Non - current margin loans: $146 million. o Current margin loans: $101 million.

7 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 T O P T E N J A M A I C A N I N V E S T M E N T H O L D I N G S QWI’s 10 largest listed holdings on the Jamaica Stock Exchange (JSE) represent 8 5 percent of our local quoted investments. J AMAICAN HOLDINGS A S AT MARCH 2026 JAMAICAN HOLDINGS AS AT JUNE 2026 Number of share s held J$ Value Access Financial Services 10,275,323 181,667,711 TransJamaican Highway 22,006,171 175,939,337 Caribbean Cement 1,491,038 157,297,054 General Accident Insurance 12,031,676 107,081,916 Stationery and Office Supplies 59,963,350 94,930,994 Scotia Group Jamaica 1,500,002 88,723,618 Caribbean Producers 13,011,828 68,962,688 Lasco Manufacturing 10,000,000 64,500,000 Dolphin Cove 6,000,000 59,490,000 National Commercial Bank 440,800 27,988,596 J$ Value Access Financial Services TransJamaican Highway Caribbean Cement General Accident Insurance Stationery and Office Supplies Scotia Group Jamaica Caribbean Producers Lasco Manufacturing Dolphin Cove Jamaica Broilers

8 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 T O P T E N U S I N V E S T M E N T H O L D I N G S QWI’s 10 largest US listed holdings represent 6 8 percent of our US quoted investments. Number of Shares Value Nvidia 4,000 800,360 Broadcom 1,600 604,400 Micron Technology 500 577,145 United Rentals 400 453,156 Alphabet 1,250 446,713 Meta Platforms 750 422,467 Eli Lilly 300 359,829 Morgan Stanley 1,500 313,560 Pulte Homes 1,500 205,815 Amazon 750 178,755 US$ Value Nvidia Broadcom Micron Technology United Rentals Alphabet Meta Platforms Eli Lilly Morgan Stanley Pulte Homes Amazon US HOLDINGS A S AT JUNE 2026

9 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 UNAUDITED FINANCIAL STATEMENTS

10 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 U N A U D I T E D S T A T E M E N T O F F I N A C I A L P O S I T I O N June September 2026 2025 2025 (Audited ) Quoted Investments - loca l 1,201,471,088 1, 193,340,538 1, 214,211,330 Quoted Investments - oversea s 1,052,707,004 774,013,989 889,433,191 Due from brokers and other receivables 6,111,084 17,629,839 4,217,797 Cash and bank 2,170,771 1,773,001 1,804,177 Total assets 2,262,459,947 1,986,757,367 2,109,666,497 Current liabilities and accruals 120,786,963 34,426,208 55,297,352 Bank Overdraft (Note 5) 142,456,981 144,533,937 136,061,243 Current Liabilities 263,243,944 178,960,145 191,358,595 Non - Current Liabilities: Deferred Tax Liabilities/(Assets) 34,240,889 (9,848,700) 15,555,093 Margin Loans (Note 5) 145,621,024 138,049,728 135,485,324 Total Non - Current Liabilities 179,861,913 128,201,028 151,040,417 Net as sets $1,819,354,090 $1, 679,596,194 1, 767,267,485 Share Capital / Reserves 1,767,267,485 1,6 72,243,455 1, 672,243,451 Retained earnings 147,110,639 7,352,739 95,024,034 Total equity $1, 819 , 354 , 090 $1,6 79 ,5 96 , 194 1,767,267,485 Net Assets per Share (Note 8) $1. 3 3 $1.2 3 $1.29 These financial statements were approved for issue by the Board of Directors on 15 July 2026 and signed on its behalf by: John Jackson John Mahfood Chairman Director

11 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 U N A U D I T E D S T A T E M E N T P R O F I T A N D L O S S Quarter ended June Year - to - date Year ended 2026 2025 2026 2025 September 2025 Investment Gains/ (Losses) (Note 4) 218,484,770 52,509,123 151,077,502 (98,944,549) 2 8,307,873 Unrealised currency (loss)/gain (4,187,386) 11,003,900 (14,910,821) 19,913,913 20,445,399 Dividend, interest and other income 7,703,041 10,341,492 20,467,172 23,262,381 38,047,780 222,000,425 73,854,515 156,633,853 (55,768,255) 86,801,052 Administrative and other expenses 11,179,891 17,511,155 55,885,545 58,622,993 78,957,980 Interest expense 17,791,951 8,103,184 26,867,100 24,659,482 3 1,552,924 Profit/(loss) before taxation 193,028,583 48,240,176 73,881,208 (139,050,730) (23,709,852) Taxation (charge)/credit (Note 6) (49.195,404) (8,694,208) (21,794,604) 40,957,360 13,287,777 Profit/(loss) for the period being total comprehensive income/ (loss) $143,833,179 39,545,968 52,086,604 (98,093,370) (10,422,075) Basic Earnings /(loss) per share (Note 9) $0.10 0.03 0.04 (0.07) ( 0. 008)

12 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 U N A U D I T E D S T A T E M E N T O F C A S H F L O W S Year - t o - June 2026 2025 Profit/(Loss) after taxation 52,086,604 (98,093,370) Taxation 21,794,604 (40,957,360) Net unrealised investment (gains) /losses (128,983,376) 80,164,690 Dividend income (20,467,172) (23,262,381) Accounts payable/Margin Loans /Other 75,513,340 (119,889,177) 56,000 (202,037,598) Net (Purchases)/Sales of Quoted Investments (21,550,195) 175,120,588 Distributions paid 0 (34,125,001) Taxation paid ( 3,108,809 ) (3,257,192) Dividends receive d 20,467,172 23,362,381 Due from brokers and Accounts receivable (1,893,287) (7,220,062) (6,085,119) 153,780,714 (Decrease) in cash and bank balances (6,029,144) (48,256,884) Net Cash and bank balances - beginning of period (134,257,066) 94,504,052 Net Cash and bank balances - ending of period $140,286,210 (142,760,936 )

13 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 U N A U D I T E D S T A T E M E N T O F C H A N G E S I N S H A R E H O L D E R S ’ E Q U I T Y Share Capital & Retained Reserves Earnings Total Total equity at 30 September 2024 1,706,368,456 105,446,109 1,811,814,565 Total comprehensive profit - (98,093,370) (98,093,370) Distributions paid (34,125,001) - (34,125,001) Total equity at 30 June 2025 1,672,243,455 7,352,739 1,679,596,194 Total equity at 30 September 2025 1,672,243,451 95,024,034 1,767,267,485 Total comprehensive profit - 52,086,605 52,086,605 Total equity at 30 June 2026 $1,672,243,451 147,110,639 1,819,354,090

14 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 N O T E S T O F I N A N C I A L S T A T E M E N T S 1. Id e nt ifi c a t i o n QWI Investments Limited (the Company) is domiciled in Jamaica. Its registered office is situated at Lot 6, Temple Hall Estate , Temple Hall, Main Road, Kingston 9, Jamaica W.I. The Company is listed on the Jamaica Stock Exchange. At 3 0 June 2026, the Company was approximately 4 9 . 10 percent (30 September 2025 - 46.82 percent) owned by member companies of the Jamaican Teas Limited Group. The principal activity is holding and managing investments in quoted securities. The Company’s affairs are administered by Jamaican Teas Limited pursuant to a long - term Administration Services Agreement. The Company’s income for the period was mainly reali sed and unrealised gains from investment activities. 2 . Bas i s o f P r e p a r a t io n The financial statements are prepared in compliance with International Financial Reporting Standards; the provisions of the Jamaican Companies Act and the accounting policies as more fully described in the Companies audited financial statements ended 30 September 2025. 3. Investments All investments comprise quoted equities valued at fair value through the profit and loss account (FVTPL). 4. Investment Activities I n v e s t m e n t a c t ivi t i es d u r i n g th e period s e n ded 30 June c o m p r i s ed: Unedited Quarter to June Year to June 2026 2025 2026 202 5 Realised (losses) - Jamaica (1,132,795) (8,340,573) (5,043,565) (16,841,236) Realised gains/losses) – Overseas 17,185,814 224,172 27,137,691 1,938,623 Unrealised gains/(losses) - Jamaica 29,420,923 (76,204,808) 16,688,520 (143,742.372) Unrealised (losses)/gains - Overseas 173,010,828 136,830,332 112,294,856 63,577,682 Total $2 18,484,770 52,509,123 151,077,50 2 (98,944,549 )

15 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Q 3 N O T E S T O F I N A N C I A L S T A T E M E N T S 5. O v e r d r a ft and Margin Loans Overdraft Margin and Loans as of June 2026 were secured as follows: a) Bank of Nova Scotia I nvestments were charged in the sum of $100,447,053 in favour of the b ank . T h e ass e t s c h a r g ed c o m p r i s ed li s t ed s h a r es o w n ed b y t h e C o m p a n y a n d w e r e p l ed g ed t o s e c u r e a n o v e r d r a f t f a c ili t y o f $ 50 , 000 , 0 0 0 a t a n i n t e r e s t r a t e o f 8 . 5 percent p er a n n u m . $28,798,458 was ou t s t a n d i n g u n der t h i s o v e r d r a f t f a c i l i t y a t 3 0 June 202 6. b) Sagicor B a n k J a m a i ca L i m i t ed I nvestments were charged in the sum of $400,000,000 in favour of the bank . The assets charged comprised listed shares owned by the Company and were pledged to secure an overdraft facility of $200,000,000 at an interest rate of 9.5 percent per annum. $108,990,532 was outstanding under this overdraft facility at 3 0 June 2026. c) Sagicor B a n k J a m a i ca L i m i t ed I nvestments were charged in the sum of $ 256,878,250 in favour of the bank . T h e ass e t s c h a r g ed , c o m p r i s ed li s t ed s h a r es o w n ed b y t h e C o m p a n y a n d w e r e p l ed g ed t o s e c u r e a loan o f $ 150,000,000 a t an i n t e r e s t r a t e of 9.5 percent p er a n n u m . The loan is repayable over 60 months. $127,417,870 was outstanding at 30 June 202 6 . 6 . Taxation 7. Share Capital A u t ho r i s ed: U n li m i t ed o r d i n a r y s h a r es a t n o p a r v a l u e Number of shares Issued and fully paid: 1,365,000,015 1,365,000,015 8. Net Asset Value (NAV) per share The Net Asset Value per share as at 30 June 2026 was $1.33 (30 September 2025 - $1.29) and this was derived by dividing the net assets of the company of $1,819,354,090 (30 September 2025 - $1,767,267,485) by the 1,365,000,015 shares issued and outstanding as at 30 June 2026 and 30 September 2025 respectively. 9. Earnings per share The earnings per share for the reporting periods were computed using the weighted average number of issued shares of 1,365,000,015 shares. T a x a t i o n f o r th e nine mo n th s t o 3 0 June c om p r i s e s : 2026 2025 I n c o m e t a x 3,108,809 3,257,192 D e f e r r ed t a x a t io n charge/(credit) 18,685,795 (44,214,552) T o t al $ 21,794,604 (40,957,360)

16 REPORT FOR THE THIRD QUARTER ENDED JUNE 2026 Temple Hall , Kingston. T: 876 656 9491 - 2 I F : 876 764 8015 https://qwiinvestments.com Designed and Produced by Virgen Advertising Limited