VANCOUVER, BC, Oct. 29, 2026 /CNW/ -- infinitii ai inc. ("infinitii ai" or the "Company") (CSE: IAI) (FSE: Y31) (OTC: CDTAF), a leader in AI-driven predictive analytics software for Smart City water and Smart Industry infrastructure applications that rely on time-series data, today released its annual financial and operational highlights for its fiscal year ended June 30, 2026 ("FY2026").

The Company delivered $2,620,179 in annual revenue, with sales gains in the third and fourth quarters of the fiscal year compared to equivalent periods in FY2025. In the fourth quarter, revenue rose to $649,765, up 3.9% from $625,302 in the same quarter of FY2025. Excluding a one-time GST/HST reassessment of $231,255 recorded in the fourth quarter, operating expenses for the quarter fell 6.9% and comprehensive loss fell 43.4% from the same quarter of FY2025, reflecting continued core operating cost discipline.

A complete set of June 30, 2026 Consolidated Financial Statements and Management's Discussion & Analysis has been filed at www.sedarplus.ca.

Management commentary and forward-looking statements

"Our fourth quarter capped a stronger second half of the year, with revenue in Q3 and Q4 outperforming the same quarters in FY2025," said Jean Charles Phaneuf, CEO of infinitii ai inc. "We are now focused on converting higher-value solutions into faster revenue growth."

"At the WEFTEC 2026 global tradeshow for water professionals in September, we had excellent response to demos of new software that gives utility operations teams using infinitii flowworks real-time visibility and system-wide intelligence into overflow conditions, paired with automated, audit-ready documentation for regulators," stated Phaneuf. "We are also showing key customers how to operationalize high-value calibrated hydraulic models to run continuously, automatically comparing model predictions against live sensor data. This integration is accomplished through infinitii face pro, our Python scripting engine that extends the functionality of infinitii flowworks."

A Bluefield research report released in May supports infinitii ai's product positioning, projecting that spending on digital water solutions will double to US$28.6B by 2036 with "utilities are moving beyond early digital adoption to system-wide deployment of connected infrastructure solutions and devices."

Financial highlights for fiscal year 2026

• For the year ended June 30, 2026, the Company generated $2,620,179 in revenue, compared to $2,688,425 in FY2025, a decrease of $68,246, or 2.5%.
• Operating expenses were $3,713,662 for FY2026, compared to $3,437,827 in FY2025, an increase of $275,835, or 8.0%. Excluding the one-time GST/HST reassessment of $231,255 in the fourth quarter, operating expenses were $3,482,407, up $44,580, or 1.3%. The GST/HST reassessment relates to GST on past services billed to infinitii ai's U.S. subsidiary.
• The net loss for FY2026 was $1,093,483, compared to $778,625 in FY2025. Excluding the one-time GST/HST reassessment of $231,255, the net loss was $862,228.
• The comprehensive loss for FY2026, after a foreign exchange gain, was $1,007,625, compared to $783,289 in FY2025, an increase of $224,336, or 28.6%.
• Cash of $142,842 at June 30, 2026 (June 30, 2025 – $141,295), was supported by an oversubscribed $610,000 convertible note financing closed in October 2025.

Fourth quarter results (three months ended June 30, 2026)

• Revenue of $649,765, up $24,463, or 3.9%, from $625,302 in the same quarter of FY2025.
• Operating expenses of $1,098,698 for the quarter, include a one-time GST/HST reassessment of $231,255. Excluding the reassessment, operating expenses were $867,443, down $64,594, or 6.9%, from $932,037 in the same quarter of FY2025.
• Net loss of $448,933. Excluding the reassessment, net loss was $217,678, down $89,057, or 29.0%, from $306,735 in the same quarter of FY2025.
• Comprehensive loss, after a foreign exchange gain, of $437,095, up $73,350, or 20.2%, from $363,745 in the same quarter of FY2025. Excluding the reassessment, comprehensive loss was $205,840, down $157,905, or 43.4%.

Third quarter improvement (three months ended March 31, 2026)

• Revenue of $702,759, up $24,528, or 3.6%, from $678,231 in the same quarter of FY2025.
• Comprehensive loss of $124,996, down $13,193, or 9.5%, from $138,189 in the same quarter of FY2025.

About infinitii ai inc.

infinitii ai has been a trusted provider of environmental monitoring and predictive analytics to many of North America's largest water infrastructure utilities since 2014. Its customers include Seattle, Los Angeles, Miami-Dade County, Boston, Dallas, Vancouver, Toronto, Hamilton, Region of Peel, and York Region. The company delivers value through direct sales and a robust partner network including major engineering service firms and sensor hardware suppliers including AECOM, Core & Main Inc., Kerr Wood Leidal Associates Ltd., K2 Geospatial, SCG Flowmetrix and TREKK Design Group LLC.

infinitii flowworks software unifies sensor monitoring, advanced analytics, and alarm management on a single platform, integrating data from wireless, SCADA, satellite, and public sources such as USGS and NOAA. With both predictive and prescriptive analytics, infinitii ai helps utilities transform operational data into reliable decisions – no matter the source.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information is based on certain key expectations and assumptions made by the management of infinitii ai, including the expectation of future revenue growth and the Company's ability to obtain additional financing as needed. Although infinitii ai believes that the expectations and assumptions upon which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because infinitii ai can provide no assurance that they will prove to be correct. Any forward-looking statements contained in this press release are made as of the date of this press release. infinitii ai disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE infinitii ai inc.