Kingsway Financial Services, Inc.

-- Proposed Name Change to ‘Kingsway Corporation' -
-- Proposed Stock Ticker Change to ‘KWY' -
-- Name Change Subject to Shareholder Approval at 2026 Annual General Meeting --

-- Terence M. Kavanagh to Serve as Vice-Chairman --

-- Q4 2025 Revenue Growth of 30% to $38.6 Million --
-- Q4 2025 KSX Revenue Growth of 64% to $20.3 Million --
-- Q4 2025 Extended Warranty Revenue Growth of 6% to $18.3 Million; Extended Warranty Cash Sales up 11% --
-- Reiterate Target of 3 to 5 Acquisitions in 2026 --
-- Double-Digit Organic Growth Budgeted for both KSX and Extended Warranty in 2026 --

Management to Host Conference Call Today, March 12, 2026, at 5 p.m. ET

Kingsway Search Xcelerator's 13th Acquisition

• Outsourced accounting services provider with strong recurring revenue and organic growth

• Unaudited pro-forma annual adjusted EBITDA of $0.4 million

• Ravix Group expands geographically into the Midwest while further diversifying customer end-markets

-- 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

Combination Creates Global Leader in Vacation Ownership Software

Management to Host Conference Call Tuesday, March 25, 2025, at 5:30 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