Record revenue of $10.9 million, up 9% year over year

Record gross profit of $3.0 million, up 34% year over year

Record service and subscription revenue of $2.8 million, up 292% year over year

Gross margin of 28%, up 5 percentage points year over year

Net and comprehensive loss reduced 38% year over year

▶ WATCH – Hypercharge Fiscal 2026 Results Presentation: https://www.youtube.com/watch?v=RuDHQ6neW6I

VANCOUVER, British Columbia, July 29, 2026 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading EV charging operator, announced the release of its financial results for the fourth quarter and fiscal year ended March 31, 2026, along with the related management discussion and analysis. All dollar figures are in Canadian dollars unless otherwise stated.

“Fiscal 2026 was a defining year for Hypercharge, with much stronger economics and disciplined execution shown in the record annual revenue of $10.9 million, record gross profit of $3.0 million, and record service and subscription revenue of $2.8 million. Gross margin increased five percentage points to 28%, while comprehensive loss narrowed 38% to $2.7 million, a $1.6 million improvement year over year and meaningful progress in closing the gap toward profitability.

Revenue increased despite tariff-related uncertainty, broader economic headwinds in the Canadian marketplace, and slower multi-family residential development activity in some markets. The year-over-year comparison in revenue also reflects that the proceeds from the sale of Clean Fuel Regulations (CFR) carbon credits were recorded as other income in fiscal 2026. Even with the macro challenges, Hypercharge delivered record revenue while reducing operating expenses, demonstrating continued growth alongside disciplined cost management.

The improvement in our financial performance was driven by a focus on higher-margin Level 2 charging, installation, professional services, subscriptions, and recurring revenue. Service and subscription revenue increased 292% in fiscal 2026, helping drive a 34% increase in gross profit and demonstrating the margin potential of the business as these revenue streams become a larger part of our mix. We ended the year with more than 7,800 charging ports sold and over 46,700 registered users, representing growth of 42% and 86%, respectively, and delivered 500 Level 2 charging stations to Oakridge Park, one of Canada’s largest redevelopment projects.

In fiscal 2026, we strengthened our carbon credit program, an important and growing revenue opportunity that improves the economics of our charging network and supports reinvestment in future growth. We also advanced several other strategic initiatives, including the launch of Hypercharge Halo™, expansion of our professional services capabilities, and continued development of partnerships that extend our reach across North America.

Following year-end in May 2026, the acquisition of Eddie from Hydro-Québec’s AXSO has since added more than 2,700 ports to our network and expanded our recurring revenue base and presence in Québec. As the acquisition closed after fiscal year-end, its contribution is not reflected in these results and will begin to appear in our fiscal 2027 first-quarter results, enhancing Hypercharge’s network significantly and increasing recurring revenue in the new fiscal year. We also received $1.74 million in cash proceeds in June 2026 from the sale of carbon credits generated through Canada’s Clean Fuel Regulations (“CFR”) for charging activity during the 2025 calendar year, which represents an increase of over 600% compared with the $0.23 million in CFR proceeds we received for the prior year.

Hypercharge enters fiscal 2027 with significant tailwinds on the back of the strongest revenue, gross profit, and network base in its history. Profitable growth is our focus as we look ahead and our priorities to realize this mission remain clear: increase recurring revenue, expand margins, maintain discipline in capital allocation, and pursue strategic M&A that converts our growing scale into stronger operating performance as we continue advancing toward profitability.”

• David Bibby, President and CEO of Hypercharge

Business and pipeline highlights for the year ended March 31, 2026

Record gross profit: The Company reported record gross profit of $3,040,773 for the year ended March 31, 2026, an increase of $765,201, or 34%, compared with the prior fiscal year. The improvement reflects higher revenue recognition and continued margin performance across key segments.

Record service and subscription revenue: The Company achieved record service and subscription revenue of $2,791,884 for the year ended March 31, 2026. This represents an increase of $2,079,036, or 292%, compared with the year ended March 31, 2025, driven by a significant increase in installation revenue.

Record annual revenue: The Company reported recognized revenue of $10,931,591 for the year ended March 31, 2026, its highest annual revenue in history. That was up $876,345, or 9%, from the prior fiscal year, driven by continued growth in customer orders, disciplined execution, and successful delivery across the Company’s core markets.

Gross margin growth: Gross margin rose to 28% for the year ended March 31, 2026, compared with 23% in fiscal 2025. The increase was driven by a higher mix of service and recurring revenue, increased Level 2 charging equipment volume, and an improved revenue mix toward higher-margin deployments.

Charging ports: Hypercharge surpassed 7,800 charging ports sold across Canada and the United States, an increase of more than 42% from March 31, 2025.

Registered users: The Hypercharge mobile app added more than 21,700 new users since March 31, 2025, bringing total registered users to more than 46,700 as of March 31, 2026, an 86% increase year over year.

Oakridge Park delivery: The Company delivered 500 Level 2 charging stations to Oakridge Park in Vancouver, British Columbia, one of Canada’s largest redevelopment projects. Of those, 342 Level 2 charging stations were commissioned and began generating charging revenue on May 28, 2026, while the remaining 158 charging stations are expected to come online in 2027.

New charging technology: Hypercharge launched Hypercharge Halo™, a new Level 2 EV charging station designed for multi-family, commercial, and workplace applications. The station features adjustable output up to 48 amps, compatibility with J1772 and NACS connectors, and IP65/IK08 durability ratings.

Hypercorp Energy Solutions: The Company announced the launch of Hypercorp Energy Solutions, a new energy services initiative intended to broaden its offering beyond EV charging into integrated energy solutions, including battery energy storage systems, advanced energy management software, and professional services.

Carbon credit program: Hypercharge advanced its participation in carbon credit markets, supporting a revenue opportunity tied to eligible charging activity across its network. The program is intended to improve the economics of EV charging infrastructure deployment by enabling proceeds from eligible credits to be reinvested in EV infrastructure and customer programs that support broader EV adoption.

Leadership and governance: The Company strengthened its leadership and governance through the appointments of Tony Geheran and Malcolm Davidson to the Board of Directors, Chris Koch as Chief Operating Officer, Kyle Moncrief, CFA, as Vice President, Corporate Development and Financial Planning & Analysis, and Rory Gattens as General Manager, West. Hypercharge said the additions bring experience across operations, finance, governance, corporate development, strategic partnerships, and capital markets outreach.

Financing: During the fiscal year, Hypercharge completed two financings, including a non-brokered private placement in April 2025 for aggregate gross proceeds of $1,892,085, with the first tranche completed in March 2025, and a LIFE Offering in November 2025 for gross proceeds of $3,750,000. The company said the financings strengthened its balance sheet and supported continued investment in operational growth and sales capabilities.

Financial highlights for the fiscal year ended March 31, 2026

The Company recognized annual revenue of $10,931,591, an increase of $876,345, or 9%, compared with the fiscal year ended March 31, 2025, marking the highest annual revenue in its history.

Operating expenses totaled $6,028,552 for the year ended March 31, 2026, a 9% decrease from the prior year. The decline primarily reflected lower consulting and professional fees, share-based payments, and wages and benefits within general and administrative expenses, partly offset by higher sales and marketing personnel costs and product design expenses.

Gross profit increased to $3,040,773, up 34% from fiscal 2025. Gross profit as a percentage of revenue increased from 23% to 28%, mainly due to a higher contribution from installation and service-related revenue, improved product mix, and recurring revenue contributions.

Net and comprehensive loss improved 38% to $2,674,840, or ($0.02) per basic and diluted share, compared with a net and comprehensive loss of $4,311,253, or ($0.06) per basic and diluted share, in the year ended March 31, 2025.

Financial highlights for the three months ended March 31, 2026

The Company recognized quarterly revenue of $1,273,447, down $1,526,156, or 55%, from the three months ended March 31, 2025. The decrease was primarily due to a deliberate shift in product mix toward higher-margin Level 2 charging deployments, which have lower installation ticket prices. The prior year also included large DC fast charger deployments that were above typical quarterly volumes, which further contributed to the year-over-year decline.

Operating expenses totaled $2,102,031 for the three months ended March 31, 2026, up 21% from the prior-year period. The increase mainly reflected higher office and administrative costs, consulting and professional fees, share-based payments, and product design and development costs, partly offset by lower sales and marketing expenses.

Gross profit for the quarter was $477,136, down from $540,040 in the same period last year. Gross profit margin increased from 19% to 37%, driven by higher-margin service revenue making up a larger share of total revenue and lower EV charging equipment sales.

Net and comprehensive loss for the three months ended March 31, 2026, rose 15% to $1,398,040, compared with $1,214,729 in the same period of the prior year. Basic and diluted loss per share improved to ($0.01) from ($0.02).

Additional information

For more information, readers are referred to the Company’s management’s discussion and analysis and audited consolidated financial statements for the three months and years ended March 31, 2026 and March 31, 2025. These documents are available on the Company’s website at and under the Company’s SEDAR+ profile at .

About Hypercharge

Hypercharge Networks Corp. (TSXV: HC; OTC: HCNWF; FSE: PB7) is a provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other growing sectors. The Company says its mission is to accelerate EV adoption and support the shift toward a carbon-neutral economy by offering hardware, integrated software, and services, backed by a network of public and private charging stations. Learn more at

On behalf of the Company, Hypercharge Networks Corp.

David Bibby, President & CEO

Media & Investor Relations: Kyle Kingsnorth, Head of Marketing, [email protected] | +1 (888) 320-2633

Non-GAAP and other financial measures

This news release refers to certain non-GAAP financial measures, including gross margin, calculated as gross profit divided by revenue. These measures are not recognized under International Financial Reporting Standards (“IFRS”) and do not have a standardized meaning under IFRS. As a result, they may not be comparable with similar measures used by other issuers. Management says these measures provide useful supplemental information about the Company’s financial performance and are used to assess operating results. Non-GAAP financial measures should not be considered in isolation or as a substitute for IFRS measures. For a reconciliation to the most directly comparable IFRS measures, please refer to the Company’s management’s discussion and analysis for the three months and years ended March 31, 2026 and March 31, 2025, available on SEDAR+ at .

Forward-looking statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Any statements that are not statements of historical fact may be considered forward-looking statements. More particularly and without limitation, the release contains forward-looking statements regarding future growth, recurring revenue, margin expansion, the Eddie acquisition, and progress toward profitability. Forward-looking statements are often identified by terms such as “may,” “could,” “should,” “anticipate,” “will,” “estimates,” “believes,” “intends,” and “expects,” and similar expressions.

Forward-looking statements are inherently uncertain, and actual performance may be affected by a number of material factors, assumptions, and expectations, many of which are beyond the Company’s control. Readers are cautioned that assumptions used in preparing forward-looking statements may prove incorrect, and events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements in this news release are made as of the date of the release and are expressly qualified by this cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or revise any of the forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither the TSXV nor its Regulation Services Provider, as that term is defined in the policies of the TSXV, accepts responsibility for the adequacy or accuracy of this news release.