<span item_type="fundamental" item_id="b74248e4da408eab21d288a899a42efd" counter_id="ST/US/KFS" env="prod"></span><span item_type="announcement" item_id="645943592909277057" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 39 M.</p><p></p><h4>Consolidated Revenue</h4><p>Kingsway Financial Services Inc. reported a consolidated revenue increase of 37.4% to $39.0 million in Q1 2026, up from $28.3 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></p><h4>Segment Revenue</h4><ul><li><strong>Kingsway Search Xcelerator (KSX)</strong>: Revenue increased by 80.7% to $21.1 million in Q1 2026, compared to $11.7 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></li><li><strong>Extended Warranty</strong>: Revenue increased by 7.2% to $17.9 million in Q1 2026, compared to $16.7 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span> Extended Warranty cash sales also increased by 11.8%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></li></ul><h4>Net Loss</h4><p>Kingsway Financial Services Inc.’s consolidated net loss was -$2.2 million in Q1 2026, an improvement compared to a net loss of -$3.1 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></p><h4>Adjusted EBITDA</h4><ul><li><strong>Consolidated Adjusted EBITDA</strong>: Increased to $2.4 million in Q1 2026, up from $1.4 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></li><li><strong>KSX Adjusted EBITDA</strong>: Increased by 82% to $3.5 million in Q1 2026, compared to $1.9 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></li><li><strong>Extended Warranty Adjusted EBITDA</strong>: Was $0.4 million in Q1 2026, compared to $0.9 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></li></ul><h4>Total Net Debt</h4><p>As of March 31, 2026, Kingsway Financial Services Inc. had total net debt of $63.9 million, an increase from $62.4 million as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></p><h4>Portfolio LTM EBITDA</h4><p>The Portfolio LTM (Last Twelve Months) EBITDA for the operating companies was estimated to be between $22.0 million and $23.0 million as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></p><h4>Outlook / Guidance</h4><p>Kingsway 金融服务 reiterates its target of three to five acquisitions in 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span> The company also continues to expect double-digit organic growth in revenue and profit for both the KSX and Extended Warranty segments for the full year 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span> This combination of organic growth and acquisition activity is anticipated to position Kingsway 金融服务 for meaningful financial and strategic progress.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/ex_933530.htm"></span></p>

Kingsway Financial | 8-K: FY2026 Q1 Revenue: USD 39 M