Kingsway Financial Services, Inc.

-- Revenue Growth of 37% to $37.2 Million --

-- KSX Revenue Growth of 104% to $19.0 Million --

-- Extended Warranty Revenue Growth of 2% to $18.2 Million; Extended Warranty Cash Sales up 14% --

-- KSX Represents a Majority of Revenue for First Time --

Management to Host Conference Call Today, November 6, 2025, at 5 p.m. ET

Kingsway Search Xcelerator's 12^th Acquisition

• Asset-light plumbing services business with recurring revenues and leading market position

• Purchase price of $5.625 million, plus a potential earn-out of up to $1.125 million, for a total maximum purchase price of $6.75 million

• Unaudited pro-forma annual revenue of $4.0 million

• Unaudited pro-forma annual adjusted EBITDA of $0.9 million

• New credit facility to support growth at Kingsway Skilled Trades

Kingsway Search Xcelerator's 11^th Acquisition

• Asset-light outsourced human resources services business with recurring revenues

• Unaudited pro-forma annual adjusted EBITDA of $0.2 million

Kingsway Search Xcelerator's 10^th Acquisition

• Asset-light plumbing services business with recurring revenues and leading market position

• Purchase price of $3.5 million, plus a potential earn-out of up to $1.5 million, for a total maximum purchase price of $5.0 million

• Unaudited pro-forma annual revenue of $7.0 million

• Unaudited pro-forma annual adjusted EBITDA of $0.7 million

KSX Search Xcelerator's 9^th Acquisition

• Asset-light industrial equipment services business with recurring revenues and strong growth prospects

• Purchase price of $22.4 million

• Trailing 12-month unaudited revenue of $16.0 million

• Trailing 12-month unaudited adjusted EBITDA of $4.2 million

KSX Guidance Increased From 2-3 Acquisitions Per Year To 3-5 Acquisitions Per Year

Management to Host Conference Call Today at 5 p.m. ET

Management to Host Conference Call Tuesday, March 25, 2025, at 5:30 p.m. ET

• Expected to be immediately accretive

• Adds $6.0 million of annual unaudited revenue and $0.8 million of annual unaudited adjusted EBITDA

• #1 Service and Repair plumbing company in its market

• Latest acquisition under the Kingsway Search Xcelerator platform