The Company's Goodwill balance remained consistent at $130.4 million as of June 30, 2026 and December 31, 2025. The Company's goodwill relates 83% ($107.7 million) to the Tucows Domains operating segment and 17% ($22.7 million) to the Ting operating segment.

Goodwill is not amortized, but is subject to an annual impairment test, or more frequently if impairment indicators are present. No impairment charge was recognized during the three and six months ended June 30, 2026 and 2025.

Intangible assets consist of acquired brand, technology, customer relationships, surname domain names, direct navigation domain names and network rights. The Company considers its intangible assets consisting of surname domain names and direct navigation domain names as indefinite life intangible assets. The Company has the exclusive right to these domain names as long as the annual renewal fees are paid to the applicable registry. Renewals occur routinely and at a nominal cost. The indefinite life intangible assets are not amortized but are subject to annual impairment assessments and more frequently if events or changes in circumstances indicate that the assets may be impaired. As part of the normal renewal evaluation process during the periods ended June 30, 2026 and June 30, 2025, the Company assessed that all domain names that were originally acquired in the June 2006 acquisition of Mailbank.com Inc. that were up for renewal, should be renewed.

Finite-life intangible assets, comprising brand, technology, customer relationships and network rights are being amortized on a straight-line basis over periods of two to fifteen years. The weighted average amortization period for all finite-life intangible assets is 2.5 years.

For the three and six months ended June 30, 2026, the Company acquired customer relationship assets through hosting agreements for $0.9 million and $0.9 million. These assets are being amortized over seven years.


	Surname domain names		Brand		Customer relationships		Technology		Network rights (1)		Total
Amortization period	indefinite life		7 years		3 - 7 years		2 - 7 years		15 years

Balances, March 31, 2026	$	12,261	$	22	$	5,812	$	738	$	646	$	19,479
Adjustment to acquisition of customer relationships	-		-		(25)		-		-		(25)
Disposals from domain portfolio, net	(1)		-		-		-		-		(1)

Amortization expense	-		(2)		(516)		(156)		(24)		(698)
Balances, June 30, 2026	$	12,260	$	20	$	5,271	$	582	$	622	$	18,755


	Surname domain names		Brand		Customer relationships		Technology		Network rights (1)		Total
Amortization period	indefinite life		7 years		3 - 7 years		2 - 7 years		15 years

Balances, December 31, 2025	$	12,263	$	90	$	5,787	$	893	$	670	$	19,703
Acquisition of customer relationships	-		-		856		-		-		856
Disposals from domain portfolio, net	(3)		-		-		-		-		(3)


Amortization expense	-		(70)		(1,372)		(311)		(48)		(1,801)
Balances, June 30, 2026	$	12,260	$	20	$	5,271	$	582	$	622	$	18,755

The following table shows the estimated amortization expense for each of the next 5 years and thereafter, assuming no further additions to acquired intangible assets are made (Dollar amounts in thousands of U.S. dollars):