Figure 1.

Map of Inferred Mineral Resource Estimate and Exploration Target at the Cisco Project

Figure 2.

Cross section of the Mineral Resource block model

Figure 3.

Long section of the Mineral Resource block model

Figure 4.

Oblique view of the Mineral Resource Estimate, Underground Stopes and the Conceptual Pit Shell

Highlights:

• Inaugural National Instrument 43-101 Inferred Mineral Resource Estimate:?
  295 Mt at 1.36% Li₂O?(combined 0.4% and 0.7 % Li₂O cut-off grade (open-pit and underground))

• The geological model underpinning the Inferred Mineral Resource Estimate interprets a single continuous, principal spodumene pegmatite body ranging in true thickness from ~2 m to over ~450 m, extending over a strike length of 1.8 km, with multiple associated proximate structures. ?
• An Exploration Target estimating 44 to 67 Mt of mineralized material with a grade range between 0.88% to 1.35% Li₂O has been prepared for the geology environment beyond the current MRE. The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43- 101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
• The Exploration Target is exclusive of the Inferred Mineral Resource Estimate and only considers the immediate proximal area around the Cisco deposit, indicating significant opportunity for continued growth at the Cisco Lithium Project.

• The deposit area remains open in all directions and represents a small fraction of the overall 41,253 ha project area which remains highly prospective for additional discoveries.
• The Inferred Mineral Resource Estimate and Exploration Target were completed by BBA, independent consultant, based on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program.
  
  

VANCOUVER, British Columbia, April 20, 2026 (GLOBE NEWSWIRE) --?Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458)?("Q2" or the "Company") is pleased to announce the inaugural Inferred Mineral Resource Estimate ("MRE") for the Company's Cisco Lithium Project (the "Project" or the "Cisco Project"), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The Cisco Project is just 6.5 kilometres ("km") from the paved, all-season Billy Diamond Highway, which leads to the railhead in the Town of Matagami, Quebec, approximately 150 km to the south.

Alicia Milne, Q2 President & CEO, stated:?"Today's announcement of our inaugural MRE marks a significant milestone for Q2 and the Cisco Lithium Project. Cisco is located in Quebec, Canada - a top global mining jurisdiction - and its size and grade position it among the top hard rock lithium projects, globally. Coupled with strong transportation and infrastructure advantages, including being just 150 km away from rail access in Matagami, Cisco has the potential to be a key contributor to the global battery metals supply chain.

The team that we have assembled at Q2, including the core contractors Dahrouge Geological, Youdin Rouillier Drilling and Helicarrier, has demonstrated consistent execution and a clear commitment to advancing Cisco towards development. I thank them for their invaluable contributions to our success, as well as to our shareholders for their continued support.

Since announcing the acquisition of the Cisco Project on February 29, 2024, we have delivered on our objective of establishing it as a cornerstone asset for Q2. Today's MRE validates that strategy, and we believe Cisco has the scale, quality, and infrastructure advantages to support long-term value creation. We remain focused on advancing the project through key development milestones as we continue to de-risk and unlock its full potential."

Neil McCallum, Vice President of Exploration, commented:?"This inaugural Inferred Mineral Resource Estimate firmly confirms Cisco as a leading spodumene pegmatite asset, with significant additional exploration upside and clear potential for continued growth across the broader project area. The resource remains open in all directions and multiple known spodumene?pegmatite outcrops at Cisco have yet to be drill tested, underscoring the opportunity for further resource expansion.?

We have already shifted our focus toward resource expansion and infill drilling with the objective of delivering an updated MRE later this year. In parallel, we will be initiating baseline environmental studies and advanced metallurgical test work to support the project's ongoing development.

The Exploration Target, prepared only on the area immediately surrounding the deposit, further highlights the scale of growth potential that remains to be drill-tested at Cisco. Based on results from our Winter 2026 drill program, we believe there is strong potential for near surface mineralization and the discovery of further zones of significance."

Mineral Resource Statement

The MRE defines a pit constrained 270 million tonnes ("Mt") at 1.36% lithium oxide ("Li₂O") Inferred, at a cut-off grade of 0.4% Li₂O, for a total of 9.1 Mt contained lithium carbonate equivalent ("LCE"). An additional underground constrained MRE of 24 Mt at 1.34 Li₂O Inferred has been defined as well, at a cut-off grade of 0.7% Li₂O, for total of 0.8 Mt contained LCE.

The MRE was completed by external consultant BBA Inc. in collaboration with the Company's technical team. Geological interpretation and domaining was carried out on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program. Assays from 75 drillholes, representing 33,343 metres ("m") up to drillhole CS25-076 were used to inform the MRE.

The Mineral Resource Statement and relevant disclosure, geological and block model views, and cross-sections are presented in the following figures and tables.

Table 1: NI 43-101 Mineral Resource Statement for the Cisco Lithium Deposit

• Mineral Resources were prepared in accordance with National Instrument 43-101 ? Standards for Disclosure of Mineral Projects ("NI 43-101") and the CIM Definition Standards (2014). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. This estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, economic, or other relevant issues.
• The independent Qualified Person ("QP"), as defined by NI?43‑101 for this estimate is Todd McCracken, P.Geo., Director ? Mining & Geology ? Central Canada, BBA. The Effective Date of the estimate is April 20, 2026.
• Estimation was completed using a combination of inverse distance squared (ID2) and ordinary kriging (OK) in Leapfrog Edge software with dynamic anisotropy search ellipse on specific domains.
• Drill hole composites at 1 m in length. Block size is 10 m x 10 m x 5 m with sub-blocking.
• Both underground and open-pit conceptual mining shapes were applied as constraints to demonstrate reasonable prospects for eventual economic extraction. Cut-off grades for open-pit constrained resources are 0.40% Li₂O, and for underground constrained resources is 0.70% Li₂O. Open-pit and underground Mineral Resource constraints are based on a spodumene concentrate price of US$1,500/tonne (6% basis FOB B?cancour) and an exchange rate of 0.70 USD/CAD.
• The cut-off grades are based on Li₂O (%) only.
• Rounding may result in apparent summation differences between tonnes, grade, and contained metal content.
• Tonnage and grade measurements are in metric units.
• Conversion factors used: Li₂O = Li x 2.153; Li₂O to LCE x 2.473.
• Pegmatite and non-pegmatite blocks were assigned a fixed SG based on the field measurement median value of their respective lithology.?
  
  

Figure 1. Map of Inferred Mineral Resource Estimate and Exploration Target at the Cisco Project

Mineral Resource Statement Interpretation

The geological model underpinning the MRE interprets a single, continuous, principal spodumene pegmatite body ranging in true thickness from ~2 m to ~450 m, extending over a strike length of approximately 1.8?km, with multiple associated proximate structures.

The deposit's current dimensions are roughly 1,800 m in length by up to 1,020 m in width.? Drilling has extended the deposit to over 600 m in depth and it remains open in all directions.

Figure 2 is a cross-section view of the MRE block model and Figure 3 is the longitudinal view. Figure 4 is a 3D rendering of the block model and required pit shell of the Cisco pegmatite. The base case pitshell is 700 m x 660 m by 540 m in depth based on revenue factor 0.4, to limit the depth of the pit to around 500 m. Underground stope optimizer was completed on the remaining mineral resource material below the pit limits.

Figure 2. Cross section of the Mineral Resource block model

Figure 3. Long section of the Mineral Resource block model

Figure 4. Oblique view of the Mineral Resource Estimate,?Underground Stopes and the Conceptual Pit Shell

2026 Exploration Target

An updated Exploration Target has been prepared on the Cisco deposit and immediate proximal area to provide a conceptual estimate of the potential quantity and grade of mineralized material, based on known and additional limited geological evidence (the "2026 Exploration Target").

It is an early-stage assessment beyond the current MRE limits and will help to guide further exploration. It is not a mineral resource or mineral reserve and should not be treated as such.

The 2026 Exploration Target estimates a range of potential mineralization from 44 to 67 Mt at a grade ranging from 0.88 to 1.35 % Li₂O:

Table 2: 2026 Exploration Target

The potential quantity and grade of the 2026 Exploration Target on the Cisco Project are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43- 101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.?

The 2026 Exploration Target is constrained to the area immediately surrounding the deposit and does not include prospective geology and targets that the Company has identified outside of the deposit area.

Methodology and Determination for the Exploration Target

The 2026 Exploration Target is based on BBA's interpretation of the geology and mineralization data that has been compiled to date:

BBA methodology included a complete review of the data and 3D modelling to create a conceptual volume of the pegmatite domains within the main mineralized zone. The pegmatite domains were interpreted where geological information was available with sufficient quantity and quality. To estimate a tonnage and grades range, the unclassified pegmatite within the mineral block model were evaluated. The implied tonnage and grade were then reduced by a factor (confidence factor) to account for the likelihood of being mineralized at a reasonable grade. The grade and tonnage were then further adjusted by an additional factor to be reported as ranges. The estimated tonnages are rounded to the nearest million tonnes and the grade rounded to the nearest 0.01% Li₂O.

Qualified Person

Mr. Todd McCracken, P.Geo., is a QP and member in good standing with the Ordre des G?ologues du Qu?bec and with the Professional Geoscientists of Ontario. Mr. McCracken has reviewed and approved the technical information in this news release. Mr. McCracken is Director ? Mining & Geology ? Central Canada, of BBA and is independent of the Company. Mr. McCracken does not hold any securities in the Company.

Neil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des G?ologues du Qu?bec and member in good standing with the Professional Geoscientists of Ontario, is a QP and has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2.?

Sampling, Analytical Methods and QA/QC Protocols

A summary of the assay data and drill collar data for all drilling completed to date can be found on the Company's website:?Click here to view assay data?or?click here to view drill collar data.

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada's preparation facility in Val D'Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105?C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li₂O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision.? Each QP has verified the QA/QC results of the analytical work.

ABOUT Q2 METALS CORP.?

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The Cisco deposit is 6.5 km from the Billy Diamond Highway, which leads to rail facilities in the Town of Matagami, ~150 km to the south and deep sea ports beyond.

The Cisco MRE defines a pit constrained 270 Mt at 1.36% Li₂O Inferred at a cut-off grade of 0.4% Li₂O with an additional underground constrained MRE of 24 Mt at 1.34 Li₂O Inferred at a cut-off grade of 0.7% Li₂O, for a total combined inferred mineral resource of 295 Mt at 1.36% Li₂O. The deposit remains open along strike, with multiple additional high potential targets identified across the broader 41,253 ha project area.

The 2026 exploration program is ongoing, primarily focused on infill drilling towards indicated resource definition for inclusion in an inaugural Preliminary Economic Assessment, targeted for 2027.?Targeted expansion and exploration for new discoveries is planned for high priority targets around the deposit and elsewhere on the project.

FOR FURTHER INFORMATION, PLEASE CONTACT:?

Social Media:?

Follow the Company:?X,?LinkedIn,?Facebook, and?Instagram?

Forward-Looking Statements?

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.?

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.

Factors that could cause actual results to differ materially from those in forward-looking statements include the accuracy of geological modelling, the ability of the Company to complete further exploration activities, the accuracy of key assumptions, parameters or methods used to estimate the MRE, failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at?www.sedarplus.com.???

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.?

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.?

Copyright 2026 GlobeNewswire, Inc.

• Full year revenue grew 39.3% year over year to US$57.2 million, with second half revenue of US$31.5 million

  Singapore, April 20, 2026 (GLOBE NEWSWIRE) -- YY Group Reports Unaudited Second Half and Full Year 2025 Earnings Results Highlighting Accelerating Revenue Growth, Expanding Margins and Positioning for Profitability in 2026

  Full year revenue grew 39.3% year over year to US$57.2 million, with second half revenue of US$31.5 million

  Full year gross profit increased 50.2% year over year to US$7.9 million, with gross profit margin expanding to 13.8% from 12.8% in 2024

  Company expects to achieve non-IFRS net profitability in fiscal year 2026; formal profitability guidance to follow

  YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced its unaudited financial results for the six months and the full year ended December 31, 2025. The Company delivered strong revenue and gross profit growth, reflecting the returns on a year of deliberate investment in geographic expansion, strategic acquisitions, and operational infrastructure, while taking decisive steps to optimize its cost structure heading into 2026. These results are subject to final review and will be confirmed when YY Group reports its Management's Discussion and Analysis of Financial Condition and Results of Operations and Audited Financial Statements for the six months ended December 31, 2025 and fiscal year ended December 31, 2025.

  Second Half and Full Year 2025 Financial Highlights:

  Total revenues increased 44.2% to US$31.5 million for the second half of 2025 and 39.3% to US$57.2 million for full year 2025, compared with US$21.8 million and US$41.1 million, respectively, for the same periods of 2024. This rapid growth was driven by strong increases in revenue from both the Manpower and IFM segments, which respectively rose 29.4% and 40.7% year over year for the full year.

  Gross profit increased 26.0% year over year to US$3.6 million for the second half of 2025 and 50.2% year over year to US$7.9 million for full year 2025, supported by greater business scale and disciplined execution. Overall gross profit margin reached 13.8% for full year 2025, improving from 12.8% in 2024, driven primarily by scale efficiencies and the integration of higher-margin acquired service lines in the IFM segment.

  The Company recorded operating losses of US$12.9 million for the second half of 2025 and US$20.6 million for full year 2025, compared with operating losses of US$5.0 million and US$4.1 million, respectively, for the same periods of 2024. The increase was primarily attributable to full-year share-based compensation expenses of US$6.6 million and impairment charges on goodwill and intangible assets of US$9.6 million, the latter relating principally to the Company's strategic decision to exit underperforming global subsidiaries as part of its ongoing cost optimization and portfolio rationalization efforts.

  "Fiscal year 2025 was a year of purposeful investment in which we prioritized building the geographic reach, operational scale, and client relationships needed to support our next phase of growth," said Mike Fu, CEO of YY Group. "Full year revenue of US$57.2 million, representing year-over-year growth of 39.3%, reflects strong execution across both our manpower and IFM verticals, with meaningful contributions from acquisitions completed during the year and a growing client portfolio across Singapore, Hong Kong, Thailand, and Malaysia. Our manpower segment's repeatable market entry playbook is now generating compounding returns as each geography scales, while strategic acquisitions and organic client wins drove a surge in IFM revenue and more than doubled our IFM customer base. We have also invested meaningfully in AI capabilities and look forward to sharing more on this strategic initiative in the coming weeks. We are moving into 2026 with strong pipeline visibility, the operational foundation to deliver on our FY2026 revenue guidance of US$103 million to US$110 million, and a clear path to non-IFRS profitability, marking a pivotal transition from investment to earnings generation."

  Second Half and Full Year 2025 Operational Highlights:

  		Six Months Ended December 31,						Full Year Ended December 31,
  		2025			2024			2025			2024
  Manpower Services
  YY Circle App downloads*		317,563			54,663			903,952			519,228
  YY Circle App monthly active users		40,459			34,952			40,688			35,152
  Job fulfillment rate		95	%		94	%		95	%		96	%
  Number of Employers*		102			95			305			214
  IFM Services
  Number of customers*		84		24				274			132
  Average revenue per customer*		?		?				119,887			176,823
  The IFM customer base more than doubled in 2025 through both organic growth and acquisitions completed during the year, diversifying the average revenue per customer downward as newly acquired clients carry individually smaller contract values. The Company views this as a positive development that reduces client concentration risk and creates cross-selling opportunities across its bundled service offerings. *For the six months ended December 31, app downloads, number of employers, and number of IFM customers reflect new additions during the period. For the full year, these figures represent cumulative totals as of December 31. Average revenue per IFM customer is presented on a full-year basis only, as the six-month metric is not directly comparable due to differences in the calculation base.

  Jason Phua, Chief Financial Officer of YY Group, added, "Strong full-year revenue and gross profit growth alongside a gross margin expansion to 13.8% from 12.8% in the prior year demonstrate the increasing quality and scale of our business. The IFRS net loss of US$21.6 million was driven primarily by US$6.6 million in non-cash share-based compensation and US$9.6 million in goodwill and intangible asset impairments and does not reflect the underlying trajectory of our operations. On a non-IFRS basis, which we believe more accurately represents our operational performance, our net loss of US$7.8 million reflects the front-loaded cost of entering multiple new markets simultaneously while building the infrastructure to support an expected 80-90% revenue increase in 2026. We have already taken concrete steps to improve our cost profile and strengthen our capital position: reducing debt costs, streamlining our headquarters operations, and winding down non-core global subsidiaries, leaving the Company well-capitalized to fund its current growth plans. With our revenue base scaling toward the US$103 million to US$110 million guidance range and a substantially leaner cost structure, we expect to deliver non-IFRS profitability in fiscal year 2026."

  FY2026 Guidance       
  

  On March 12, 2026, the Company issued its first formal revenue guidance. The Company currently expects FY2026 revenue of US$103 million to US$110 million, supported by strong demand visibility across its key markets, the full-year contribution of businesses acquired in 2025, sustained client retention across both the manpower and IFM segments, and continued prioritization of capital deployment toward the Company's core operations. The Company further expects to achieve non-IFRS net profitability for fiscal year 2026, driven by the combination of accelerating revenue growth and cost optimization measures implemented in late 2025 and early 2026, including debt restructuring, headquarters optimization, and a strategic rationalization of its global subsidiary portfolio. The above forecast is based on current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers' and institutional partners' demands, all of which are subject to change. US Dollar ranges are based on a USD/SGD exchange rate of 1.28 as of March 10, 2026. Additional details on the Company's FY2026 revenue guidance and underlying assumptions can be found in its press release dated March 12, 2026.

  Management Message

  In lieu of a conference call, the Company's management has prepared a brief video discussing the financial and operational results for the period. The video is available on the Company's official YouTube channel at https://www.youtube.com/watch?v=-rOW2dECz1I for investors and stakeholders to view at their convenience.

  Second Half 2025 Financial Results

  Revenues were US$31.5 million for the second half of 2025, compared with US$21.8 million for the same period of 2024. The increase was primarily driven by accelerated growth across both Manpower and IFM Services.

  • Revenues from Manpower Services were US$13.4 million, an increase of 35.7% compared with US$9.9 million for the same period of 2024, driven by the successful scale-up of on-demand workforce solutions and continued global expansion. This segment's gross profit margin was 11.7%, compared with 14.8% for the same period of 2024, reflecting competitive pricing to drive client acquisition and volume growth. Absolute gross profit increased year over year.
  • Revenues from IFM Services were US$18.4 million, an increase of 53.7% compared with US$12.0 million for the same period of 2024, primarily attributable to continued contract procurement and business acquisitions. This segment's gross profit margin was 13.7%, compared with 11.9% for the same period of 2024, due to increasing scale efficiencies and the integration of higher-margin acquired service lines.
  • Revenues from Others were negative US$0.3 million, reflecting a one-time adjustment related to the timing of revenue recognition for YY Smart Tech.
    

  Cost of revenues was US$27.9 million, compared with US$19.0 million for the same period of 2024. The increase was primarily attributable to the related revenue increase, as well as higher labor costs across both Manpower and IFM Services.

  Gross profit was US$3.6 million, compared with US$2.9 million for the same period of 2024. Gross profit margin was 11.5%, compared with 13.2% for the same period of 2024. The modest decrease was primarily driven by the decrease in Manpower Services' gross margin.

  Total operating expenses were US$16.9 million, representing an increase of 101.1% from US$8.4 million for the same period of 2024. The increase was primarily due to the issuance of share-based compensation related to the Company's share incentive plans and impairment losses on goodwill and intangible assets associated with the Company's strategic rationalization of its global subsidiary portfolio.

  Selling and marketing expenses were US$1.2 million, representing a 102.8% increase from US$0.6 million for the same period of 2024. The increase was primarily attributable to share-based compensation attributable to sales and marketing.

  General and administrative expenses were US$12.6 million, representing a 61.4% increase from US$7.8 million for the same period of 2024. The increase was primarily attributable to share-based compensation expenses.

  Loss from operations was US$12.9 million, compared with a loss of US$5.0 million for the same period of 2024.

  Net loss attributable to ordinary shareholders was US$13.2 million, compared with a net loss of US$5.4 million for the same period of 2024.

  Non-IFRS net loss attributable to ordinary shareholders was US$7.0 million, compared with a non-IFRS net loss of US$0.3 million for the same period of 2024.

  Basic and diluted net loss per ordinary share1 were both US$11.44. For reference, prior to giving effect to the 50-for-1 reverse stock split effective March 23, 2026, basic and diluted net loss per ordinary share were both US$0.23.

  Non-IFRS basic and diluted net loss per ordinary share1 was US$6.10. For reference, prior to giving effect to the 50-for-1 reverse stock split effective March 23, 2026, non-IFRS basic and diluted net loss per ordinary share were both US$0.12.

  Full Year 2025 Financial Results

  Revenues for full year 2025 were US$57.2 million, compared with US$41.1 million for full year 2024. The increase was primarily driven by accelerated growth across both Manpower and IFM Services, organic client wins, and contributions from acquired businesses.

  • Revenues from Manpower Services were US$23.0 million, an increase of 29.4% compared with US$17.8 million in 2024, driven by the successful scale-up of on-demand workforce solutions and continued global expansion. This segment's gross profit margin was 13.8%, compared with 15.5% in 2024, reflecting competitive pricing to drive client acquisition and volume growth. Absolute gross profit increased year over year.
  • Revenues from IFM Services were US$32.9 million, an increase of 40.7% compared with US$23.3 million in 2024, primarily attributable to continued contract procurement and business acquisitions. This segment's gross profit margin was 13.2%, compared with 10.8% in 2024, due to increasing scale efficiencies and the integration of higher-margin acquired service lines.
  • Revenues from Others were US$1.4 million. This segment's gross profit margin was 27.5% for 2025.
    

  Cost of revenues for the full year was US$49.3 million, compared with US$35.8 million for full year 2024. The increase was primarily attributable to the related revenue increase, as well as higher labor costs across both Manpower and IFM Services.

  Gross profit for the full year was US$7.9 million, compared with US$5.3 million for full year 2024. Gross profit margin was 13.8%, compared with 12.8% in the prior year, primarily driven by ongoing technology advancements and growing scale benefits.

  Total operating expenses for the full year were US$29.7 million, compared with US$11.1 million for full year 2024. The increase was primarily due to non-cash share-based compensation related to the Company's share incentive plans and impairment losses on goodwill and intangible assets associated with the Company's strategic rationalization of its global subsidiary portfolio.

  Selling and marketing expenses for the full year were US$2.7 million, compared with US$0.7 million for full year 2024. The increase was primarily attributable to share-based compensation attributable to sales and marketing.

  General and administrative expenses for the full year were US$19.7 million, compared with US$10.4 million for full year 2024. The increase was primarily attributable to share-based compensation expenses.

  Loss from operations was US$20.6 million, compared with a loss of US$4.1 million for full year 2024.

  Net loss attributable to ordinary shareholders for the full year was US$21.4 million, compared with a net loss of US$4.8 million for full year 2024.

  Non-IFRS net loss attributable to ordinary shareholders for the full year was US$7.6 million, compared with a non-IFRS net profit of US$0.3 million for full year 2024.

  Full year basic and diluted net loss per ordinary share2 were both US$21.98. For reference, prior to giving effect to the 50-for-1 reverse stock split effective March 23, 2026, basic and diluted net loss per ordinary share were both US$0.44.

  Non-IFRS full year basic and diluted net loss per ordinary share2 were both US$7.83. For reference, prior to giving effect to the 50-for-1 reverse stock split effective March 23, 2026, non-IFRS basic and diluted net loss per ordinary share were both US$0.16.

  About YY Group Holding Limited

  YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

  Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

  Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

  For more information on the Company, please visit https://yygroupholding.com/.

  Non-IFRS Financial Measures
  

  The Company uses non-IFRS measures such as non-IFRS net loss/profit in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that non-IFRS financial measures help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its results for the period. The Company believes that non-IFRS financial measures provide useful information about its results of operations, enhance the overall understanding of its past performance and future prospects, and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
  

  Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or construed as an alternative to IFRS financial measures or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS financial measures and the reconciliation to their most directly comparable IFRS measures. Non-IFRS financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
  

  For more information on the Company's non-IFRS financial measures, please see the section titled "Unaudited reconciliations of IFRS and non-IFRS financial measures."
  

  Safe Harbor Statement
  This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality and manpower markets in Hong Kong and the broader Southeast Asian region, including Malaysia, Singapore, and Thailand, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

  Investor Contact
  Jason Zhi Yong Phua, Chief Financial Officer
  YY Group
  enquiries@yygroupholding.com

  Unaudited and Unreviewed Reconciliation of IFRS and Non-IFRS Financial Measures

  
  

  	2025		2025
  			Non-IFRS reconciliation
  	$		$
  Revenue	57,245,167		57,245,167
  Cost of revenue	(49,347,666	)	(49,347,666	)
  Gross profit	7,897,501		7,897,501
  Other income	1,169,718		1,169,718
  Selling and marketing expenses	(2,731,035	)	(579,170	)
  General and administrative expenses	(19,679,803	)	(15,234,268	)
  Impairment loss on intangible asset	(4,063,000	)	-
  Impairment loss on goodwill	(5,551,429	)	-
  Other expenses	(57,201	)	(57,201	)
  Change in fair value of investment property	38,296		-
  Change in fair value of warrant liability	2,383,178		-
  Operating (loss)/profit	(20,593,775	)	(6,803,420	)
  Finance cost	(1,028,787	)	(1,028,787	)
  (Loss)/Profit before tax	(21,622,562	)	(7,832,207	)
  Income tax expenses	38,764		38,764
  (Loss)/Profit for the period	(21,583,798	)	(7,793,443	)
  Profit attributable to:
  Non-controlling interests	(164,656	)	(164,656	)
  Owners of the Company	(21,419,142	)	(7,628,787	)
  Adding back:
  Share-based compensation			(6,597,400	)
  Impairment loss on intangible asset			(4,063,000	)
  Impairment loss on goodwill			(5,551,429	)
  Change in fair value of investment property			38,296
  Change in fair value of warrant liability			2,383,178
  			(21,419,142	)

  
  

  
  

  
  

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  1 Per-share amounts have been retroactively adjusted to reflect the Company's 50-for-1 reverse stock split effective March 23, 2026 and are based on the weighted-average number of ordinary shares outstanding of 1,151,339 during the second half of 2025, as adjusted for the reverse stock split.

  2 Per-share amounts have been retroactively adjusted to reflect the Company's 50-for-1 reverse stock split effective March 23, 2026 and are based on the weighted-average number of ordinary shares outstanding of 974,686 during FY2025, as adjusted for the reverse stock split.

  
  

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