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21455 9647 1841195 20000 101433 22204 <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">1.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NATURE AND CONTINUANCE OF OPERATIONS</td></tr></table> Draganfly Inc. (the “Company”) was incorporated on June 1, 2018 under the Business Corporations Act (British Columbia). The Company’s shares trade on the following stock exchanges: NASDAQ: DPRO; CSE: DPRO; FSE: 3U8. The Company’s head office is located at 235 103rd St. E, Saskatoon, SK, S7N 1Y8 and its registered office is located at 2800 – 666 Burrard Street, Vancouver, BC, V6C 2Z7. Draganfly is a manufacturer, contract engineering, and product development company within the commercial UAV space serving the public safety, civil, military, agriculture, industrial inspections and mapping and surveying markets.

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">2.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">BASIS OF PREPARATION</td></tr></table> Statement of Compliance These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. The Company has prepared these financial statements on the basis that it will continue to operate as a going concern. These condensed consolidated interim financial statements include all necessary disclosures required for interim financial statements but do not include all disclosures required for annual financial statements. These condensed consolidated interim financial statements should be read in conjunction with the Company’s annual financial statements for the year ended December 31, 2025. These condensed consolidated interim financial statements were authorized for issue by the Board of Directors on August 10, 2026. Basis of consolidation Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases. The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Draganfly Innovations Inc. (DII)</td><td style="width: 2%"> </td> <td style="width: 18%; text-align: center"><span id="xdx_909_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z11PwNRxdd54" title="Country of incorporation of subsidiary">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: center"><span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zmMksTneVvMl" title="Proportion of ownership interest in subsidiary">100%</td><td style="width: 1%; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Draganfly Innovations USA, Inc. (DI USA)</td><td> </td> <td style="text-align: center"><span id="xdx_905_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zAoeQC2mUKF6" title="Country of incorporation of subsidiary">US</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zWsSYTmkRao2" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dronelogics Systems Inc. (“Dronelogics”)</td><td> </td> <td style="text-align: center"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zTh6Y8qKP8z4" title="Country of incorporation of subsidiary">Canada</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zS0qrdnKraZ8" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> </table> All intercompany balances and transactions were eliminated on consolidation. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

Statement of Compliance These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. The Company has prepared these financial statements on the basis that it will continue to operate as a going concern. These condensed consolidated interim financial statements include all necessary disclosures required for interim financial statements but do not include all disclosures required for annual financial statements. These condensed consolidated interim financial statements should be read in conjunction with the Company’s annual financial statements for the year ended December 31, 2025. These condensed consolidated interim financial statements were authorized for issue by the Board of Directors on August 10, 2026.

Basis of consolidation Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases. The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Draganfly Innovations Inc. (DII)</td><td style="width: 2%"> </td> <td style="width: 18%; text-align: center"><span id="xdx_909_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z11PwNRxdd54" title="Country of incorporation of subsidiary">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: center"><span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zmMksTneVvMl" title="Proportion of ownership interest in subsidiary">100%</td><td style="width: 1%; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Draganfly Innovations USA, Inc. (DI USA)</td><td> </td> <td style="text-align: center"><span id="xdx_905_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zAoeQC2mUKF6" title="Country of incorporation of subsidiary">US</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zWsSYTmkRao2" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dronelogics Systems Inc. (“Dronelogics”)</td><td> </td> <td style="text-align: center"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zTh6Y8qKP8z4" title="Country of incorporation of subsidiary">Canada</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zS0qrdnKraZ8" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> </table> All intercompany balances and transactions were eliminated on consolidation.

The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Draganfly Innovations Inc. (DII)</td><td style="width: 2%"> </td> <td style="width: 18%; text-align: center"><span id="xdx_909_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z11PwNRxdd54" title="Country of incorporation of subsidiary">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: center"><span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zmMksTneVvMl" title="Proportion of ownership interest in subsidiary">100%</td><td style="width: 1%; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Draganfly Innovations USA, Inc. (DI USA)</td><td> </td> <td style="text-align: center"><span id="xdx_905_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zAoeQC2mUKF6" title="Country of incorporation of subsidiary">US</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zWsSYTmkRao2" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dronelogics Systems Inc. (“Dronelogics”)</td><td> </td> <td style="text-align: center"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zTh6Y8qKP8z4" title="Country of incorporation of subsidiary">Canada</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90F_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260630__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zS0qrdnKraZ8" title="Proportion of ownership interest in subsidiary">100%</td><td style="text-align: left"> </td></tr> </table>

Canada

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">3.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">MATERIAL ACCOUNTING POLICY INFORMATION, ESTIMATES, AND JUDGEMENTS</td></tr></table> The preparation of condensed consolidated interim financial statements requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated interim financial statements and reported amounts of revenue and expenses during the reporting period. Actual outcomes could differ from these estimates. These condensed consolidated interim financial statements include estimates which, by their nature, are uncertain. The impacts of such estimates are pervasive throughout the condensed consolidated interim financial statements and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised and future periods if the revision affects both current and future periods. These estimates are based on historical experience, current and future economic conditions and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting policy added in the quarter Business Combinations The acquisition method of accounting is used to account for the acquisition of businesses by the Company. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued, and debt incurred or assumed at the acquisition date. Costs directly attributable to the acquisition are expensed in the period incurred. The fair value of the assets and liabilities acquired is determined and compared to the fair value of the consideration paid. If the fair value of the consideration paid exceeds the fair value of the net assets acquired, then goodwill is recognized. Goodwill Goodwill represents the excess of value of the consideration transferred over the fair value of the net identifiable assets and liabilities acquired in a business combination. Goodwill is allocated to the cash generating unit to which it relates. Addition to the impairment of non-financial assets section of Financial Instruments Impairment of non-financial assets The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If indicators exist, then the asset’s recoverable amount is estimated. The recoverable amounts of the following types of intangible assets are measured annually, whether or not there is any indication that it may be impaired: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">an intangible asset with an indefinite useful life;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">an intangible asset not yet available for use; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">goodwill recognized in a business combination.</td></tr></table> The recoverable amount of an asset or cash-generating unit (“CGU”) is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest identifiable group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in the condensed consolidated statement of comprehensive loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">3.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">MATERIAL ACCOUNTING POLICY INFORMATION, ESTIMATES AND JUDGEMENTS (CONT’D)</td></tr></table> In respect of assets other than goodwill and intangible assets that have indefinite useful lives, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed in a subsequent period when there has been an increase in the recoverable amount of a previously impaired asset or CGU. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Significant assumptions about the future and other sources of estimation uncertainty that management has made at the financial position reporting date, that could result in a material adjustment to the carrying amounts of assets and liabilities, in the event that actual results differ from assumptions made, relate to, but are not limited to, the following: Critical accounting estimates: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The value of inventories carried at the lower of cost and net realizable value;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">b)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The measurement and recognition of deferred income tax assets and liabilities;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">c)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recoverable amount of CGU;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">d)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Share-based payments;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">e)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The measurement of the purchase price and identification of assets acquired and liabilities assumed in business combinations;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">f)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Investments in private companies;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">g)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expected credit losses on trade receivables and notes receivable; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">h)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Useful lives of equipment and intangible assets</td></tr></table> Critical accounting judgments: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The determination of categories of financial assets and financial liabilities;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">b)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The evaluation of the Company’s ability to continue as a going concern;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">c)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Determination of the functional currency of the entity and its subsidiaries; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">d)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The assessment of indications of impairment of intangible assets.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">4.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SKIP DYNAMIX ACQUISITION</td></tr></table> On June 9, 2026, the Company acquired the assets of Skip Dynamix, Corporate (“Skip”), a company that had developed a fixed wing drone. The Company acquired it to diversify its drone offering and add a kind of drone not previously produced by the Company. Consideration for the transaction is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On the close of the transaction $2,523,255 USD in cash</td></tr></table> The acquisition will be accounted for as a business acquisition under IFRS 3. Skip contributed revenue of $nil and a net loss of $29,678 for the period between June 9, 2026, to June 30, 2026. If Skip had been acquired on January 1, 2026, the revenue of Skip for the six months period would have been $41,083. However, due to lack of IFRS-specific data prior to the acquisition of Skip, pro-forma profit or loss of the combined entity for the complete six-month period cannot be determined reliably. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">4.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SKIP DYNAMIX (CONT’D)</td></tr></table> In addition warrants were issued as part of the transaction and are considered employee compensation. See note 14 for details. The preliminary purchase price and the allocation of consideration to the assets and liabilities acquired is as follows: SCHEDULE OF PURCHASE PRICE AND ALLOCATION OF CONSIDERATION TO ASSETS AND LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">USD</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zhGu1hJDHBT6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">CAD</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--CashPortionOfPurchasePrice_iI_msGRAOAzQY8_zqrc7utcY8z5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; padding-bottom: 1pt">Cash portion of purchase price</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--CashPortionOfPurchasePrice_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_z6ufoapNIPS4" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Cash portion of purchase price">2,523,255</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">3,519,184</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Preliminary assets and liabilities acquired/assumed</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iNI_di_ztrsdJslHYxa" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Other net working capital</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iNI_di_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zSPzU2WxVc06" style="text-align: right" title="Other net working capital">(15,504</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(21,623</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_zDtZm7qvdBld" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_z13e57cIzu15" style="border-bottom: Black 1pt solid; text-align: right" title="Inventory">89,539</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">124,880</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_maGRAOAzQY8_zG3fkWu4kF2h" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> Total preliminary assets and liabilities consumed</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zKdkITb8V7rc" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary assets and liabilities consumed">74,035</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">103,257</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--WorkingCapitalAdjustment_iI_maGRAOAzQY8_zs8dUBRRgGDd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Working capital adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--WorkingCapitalAdjustment_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zEXGVEMZGSh" style="border-bottom: Black 1pt solid; text-align: right" title="Working capital adjustment">325,965</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">454,624</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iNI_di_mtGRAOAzQY8_z6e0QLdbc0Zi" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1pt">Preliminary goodwill</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iNI_di_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zSUeHmX7WEO9" style="border-bottom: Black 1pt solid; text-align: right" title="Preliminary goodwill">2,123,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iTI_zxZMCP3zH2Zc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total preliminary consideration</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98E_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iTI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zIknhkjBcrr3" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary consideration">2,523,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,519,184</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> There is a working capital target of $400,000 USD that is to be achieved on closing and funds are held in escrow until the working capital test is completed 90 days after closing. Any differences (deficit or surplus) from the target working capital is a dollar for dollar adjustment to the purchase price. The Company is still in the process of determining the value allocated to goodwill and whether amounts may need to be allocated to any other intangible assets. Accordingly, the purchase price is a preliminary allocation. The goodwill represents the value of acquiring the ability to produce a new fixed wing drone that was not part of the Company’s current offering and the expertise acquired through employees brought across with the knowledge to produce these drones.

2523255

29678

41083

The preliminary purchase price and the allocation of consideration to the assets and liabilities acquired is as follows: SCHEDULE OF PURCHASE PRICE AND ALLOCATION OF CONSIDERATION TO ASSETS AND LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">USD</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zhGu1hJDHBT6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">CAD</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--CashPortionOfPurchasePrice_iI_msGRAOAzQY8_zqrc7utcY8z5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; padding-bottom: 1pt">Cash portion of purchase price</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--CashPortionOfPurchasePrice_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_z6ufoapNIPS4" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Cash portion of purchase price">2,523,255</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">3,519,184</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Preliminary assets and liabilities acquired/assumed</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iNI_di_ztrsdJslHYxa" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Other net working capital</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iNI_di_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zSPzU2WxVc06" style="text-align: right" title="Other net working capital">(15,504</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(21,623</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_zDtZm7qvdBld" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_z13e57cIzu15" style="border-bottom: Black 1pt solid; text-align: right" title="Inventory">89,539</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">124,880</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_maGRAOAzQY8_zG3fkWu4kF2h" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> Total preliminary assets and liabilities consumed</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zKdkITb8V7rc" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary assets and liabilities consumed">74,035</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">103,257</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--WorkingCapitalAdjustment_iI_maGRAOAzQY8_zs8dUBRRgGDd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Working capital adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--WorkingCapitalAdjustment_iI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zEXGVEMZGSh" style="border-bottom: Black 1pt solid; text-align: right" title="Working capital adjustment">325,965</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">454,624</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iNI_di_mtGRAOAzQY8_z6e0QLdbc0Zi" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1pt">Preliminary goodwill</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iNI_di_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zSUeHmX7WEO9" style="border-bottom: Black 1pt solid; text-align: right" title="Preliminary goodwill">2,123,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iTI_zxZMCP3zH2Zc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total preliminary consideration</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98E_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iTI_uUSD_c20260609__ifrs-full--BusinessCombinationsAxis__custom--SkipDynamixCorporateMember_zIknhkjBcrr3" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary consideration">2,523,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,519,184</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

2523255 3519184

15504

21623

89539

124880

74035

103257

325965 454624

-2123255

-2961303

2523255

3519184

400000 <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">5.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">RECEIVABLES</td></tr></table> SCHEDULE OF AMOUNTS RECEIVABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260630_z92BO4oOphwb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_z1iWHHFCwEQ" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--TradeReceivables_iI_pp0p0_maTAORzmqg_zzspQVulYZwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts receivable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">668,719</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">947,939</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--SalesTaxReceivable_iI_pp0p0_maTAORzmqg_zPybOsf7kuZa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales tax receivable</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">454,681</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">93,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherReceivables_iTI_mtTAORzmqg_zinHsVo4Zufj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Trade and other receivables, net </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,123,400</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,041,582</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> The average trade credit allowed on the sale of goods is between 30 and 60 days from the date of shipment. Sales that require deposits are typically agreed to in advance to mitigate the potential for default. The Company has recognized an allowance for doubtful trade receivables on accounts that are past due by more than 31 days based on best estimates of future expected credit losses and estimated irrecoverable amounts determined by reference to past experiences. In determining the recoverability of a trade receivable, the Company considers any change in the credit quality of the trade receivable from the date credit was initially granted up to the end of the reporting year. The concentration of credit risk is limited due to the fact that the customer base is diversified. The provision for expected credit losses is as follows: Provision for doubtful accounts SCHEDULE OF PROVISION FOR DOUBTFUL ACCOUNTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20250101__20251231_zVFXzL1lBvqk" style="width: 16%; text-align: right" title="Balance at beginning">(429,506</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Additional amounts provided for during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExpectedCreditLoss_c20250101__20251231_zcylQSTx9Hha" style="text-align: right" title="Additional amounts">(302,067</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Trade receivables written off during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TradeReceivablesWrittenOff_c20250101__20251231_zeGkqJwc5a7" style="text-align: right" title="Trade receivables written off">186,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ForeignExchange_c20250101__20251231_zeUi12yxhOe3" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">6,933</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20260101__20260630_zTYTDztaS0vd" style="font-weight: bold; text-align: right" title="Balance at beginning">(538,429</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Additional amounts recovered during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExpectedCreditLoss_c20260101__20260630_zcUVk2zrp8Y3" style="text-align: right" title="Additional amounts recovered during the period">45,436</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ForeignExchange_c20260101__20260630_zdNgEbhT0pHb" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">(1,358</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_ecustom--ProvisionForDoubtfulAccountsReceivable_iE_c20260101__20260630_zSinUgipvAm1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance at ending">(494,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">5.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">RECEIVABLES (CONT’D)</td></tr></table> During the three months and six months ended June 30, 2026, the Company recorded an expected credit loss recovery of $60,653 and $45,436 (2025 – expected credit loss $24,473 and expected credit loss $63,256). The Company assumes that the credit risk on a financial asset has increased if it is outstanding beyond the agreed payment terms. The Company considers a receivable to be in default when the customer is unlikely to pay its obligations to the Company in full. The carrying amount of a receivable is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, business failure, the failure of a debtor to engage in a repayment plan, and a failure to make contractual payments over the negotiated contract period.

SCHEDULE OF AMOUNTS RECEIVABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260630_z92BO4oOphwb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_z1iWHHFCwEQ" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--TradeReceivables_iI_pp0p0_maTAORzmqg_zzspQVulYZwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts receivable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">668,719</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">947,939</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--SalesTaxReceivable_iI_pp0p0_maTAORzmqg_zPybOsf7kuZa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales tax receivable</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">454,681</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">93,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherReceivables_iTI_mtTAORzmqg_zinHsVo4Zufj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Trade and other receivables, net </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,123,400</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,041,582</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

668719

947939

454681 93643

1123400

1041582

Provision for doubtful accounts SCHEDULE OF PROVISION FOR DOUBTFUL ACCOUNTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20250101__20251231_zVFXzL1lBvqk" style="width: 16%; text-align: right" title="Balance at beginning">(429,506</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Additional amounts provided for during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExpectedCreditLoss_c20250101__20251231_zcylQSTx9Hha" style="text-align: right" title="Additional amounts">(302,067</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Trade receivables written off during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TradeReceivablesWrittenOff_c20250101__20251231_zeGkqJwc5a7" style="text-align: right" title="Trade receivables written off">186,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ForeignExchange_c20250101__20251231_zeUi12yxhOe3" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">6,933</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20260101__20260630_zTYTDztaS0vd" style="font-weight: bold; text-align: right" title="Balance at beginning">(538,429</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Additional amounts recovered during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExpectedCreditLoss_c20260101__20260630_zcUVk2zrp8Y3" style="text-align: right" title="Additional amounts recovered during the period">45,436</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ForeignExchange_c20260101__20260630_zdNgEbhT0pHb" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">(1,358</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_ecustom--ProvisionForDoubtfulAccountsReceivable_iE_c20260101__20260630_zSinUgipvAm1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance at ending">(494,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> </table> -429506 -302067 186211 6933 -538429 45436 -1358 -494351 60653 45436 24473 63256

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">6.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">INVENTORY</td></tr></table> SCHEDULE OF INVENTORIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260630_zfoz9lGvbbX9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251231_zROoLwo8TE59" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--FinishedGoods_iI_maIznKa_zEoZDdaBpR84" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Finished goods</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">6,895,109</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">2,233,225</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--WorkInProgress_iI_maIznKa_zeXsOVOfijBi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Work in process</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">77,079</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,287</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RawMaterials_iI_maIznKa_zJgY5BLOCzn" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Raw materials</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,488,577</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,562,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Inventories_iTI_mtIznKa_zPb66K55SSc8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Inventories</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,460,765</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,903,139</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> During the three and six months ended June 30, 2026, $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90E_eifrs-full--CostOfSales_c20260401__20260630__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_zHPSG4z94rg" title="Cost of sales">1,876,934 (2025 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90A_eifrs-full--CostOfSales_c20250401__20250630__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_z0ixzX8G3aI1" title="Cost of sales">1,410,092) and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90E_eifrs-full--CostOfSales_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_zP0yrt4MziBk" title="Cost of sales">3,710,185 (2025 – $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_901_eifrs-full--CostOfSales_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_zcbtGydklCz2" title="Cost of sales">2,481,257) of inventory was recognized in cost of sales respectively including an allowance to value its inventory for obsolete and slow-moving inventory of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_904_eifrs-full--ReversalOfInventoryWritedown_c20260401__20260630_zVrqwO2FwuN8" title="Reserve inventory write down">43,662 (2025 – provision $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90F_eifrs-full--ReversalOfInventoryWritedown_c20250401__20250630_zYpvkuzfzT77" title="Reserve inventory write down">10,421) and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90B_eifrs-full--ReversalOfInventoryWritedown_c20260101__20260630_zS6atiZBmB76" title="Reserve inventory write down">149,503 (2025 - provision $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_904_eifrs-full--ReversalOfInventoryWritedown_c20250101__20250630_zIEFaYoyvId6" title="Reserve inventory write down">28,246) respectively. Cost of sales consists of the following: SCHEDULE OF COST OF SALES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260401__20260630_zbdL8wpwHpLc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250401__20250630_zu7Idme5V1El" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260630_zrrtARRpr0u9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20250101__20250630_ztbGpnznuO04" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eifrs-full--CostOfInventoriesRecognisedAsExpenseDuringPeriod_maCOSzMEq_zMziuZskrLmh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%">Inventory</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">1,876,934</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,410,092</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">3,710,185</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,481,257</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ConsultingAndServices_maCOSzMEq_zNb8BYDgWGmb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting and services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">117,237</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">180,547</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">151,594</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">204,936</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--OtherCostOfSales_maCOSzMEq_zKD60t1HLQXk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">136,917</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,024</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">233,901</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">162,098</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iT_mtCOSzMEq_z1Keq5V7QWOb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,131,088</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,610,663</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,095,680</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2,848,291</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

SCHEDULE OF INVENTORIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260630_zfoz9lGvbbX9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251231_zROoLwo8TE59" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--FinishedGoods_iI_maIznKa_zEoZDdaBpR84" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Finished goods</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">6,895,109</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">2,233,225</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--WorkInProgress_iI_maIznKa_zeXsOVOfijBi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Work in process</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">77,079</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,287</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RawMaterials_iI_maIznKa_zJgY5BLOCzn" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Raw materials</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,488,577</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,562,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Inventories_iTI_mtIznKa_zPb66K55SSc8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Inventories</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,460,765</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,903,139</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

6895109

2233225

77079

107287

3488577

1562627

10460765

3903139

1876934

1410092

3710185

2481257

43662

10421

149503

28246

Cost of sales consists of the following: SCHEDULE OF COST OF SALES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260401__20260630_zbdL8wpwHpLc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250401__20250630_zu7Idme5V1El" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260630_zrrtARRpr0u9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20250101__20250630_ztbGpnznuO04" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eifrs-full--CostOfInventoriesRecognisedAsExpenseDuringPeriod_maCOSzMEq_zMziuZskrLmh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%">Inventory</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">1,876,934</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,410,092</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">3,710,185</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,481,257</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ConsultingAndServices_maCOSzMEq_zNb8BYDgWGmb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting and services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">117,237</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">180,547</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">151,594</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">204,936</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--OtherCostOfSales_maCOSzMEq_zKD60t1HLQXk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">136,917</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,024</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">233,901</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">162,098</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iT_mtCOSzMEq_z1Keq5V7QWOb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,131,088</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,610,663</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,095,680</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2,848,291</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

1876934

1410092

3710185

2481257

117237 180547 151594 204936 136917 20024 233901 162098

2131088

1610663

4095680

2848291

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">7.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">PREPAIDS AND DEPOSITS</td></tr></table> SCHEDULE OF PREPAID EXPENSES AND DEPOSITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260630_zpLBC4jXLqN7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zegUneWmkiA2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_ecustom--CurrentInsuranceExpenses_iI_pp0p0_maCPEzQCZ_z3l6qdnJck55" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Insurance</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">89,136</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">526,555</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CurrentOtherPrepaidExpenses_iI_pp0p0_maCPEzQCZ_z5RkoEcNK3ae" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid other</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">554,590</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">214,493</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CurrentDeposits_iI_pp0p0_maCPEzQCZ_zwKrR1HtN45a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,989,078</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,016,052</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CurrentPrepaidExpenses_iTI_pp0p0_mtCPEzQCZ_zwY5Li5od408" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Prepaid expenses and deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,632,804</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,757,100</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

SCHEDULE OF PREPAID EXPENSES AND DEPOSITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260630_zpLBC4jXLqN7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zegUneWmkiA2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_ecustom--CurrentInsuranceExpenses_iI_pp0p0_maCPEzQCZ_z3l6qdnJck55" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Insurance</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">89,136</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">526,555</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CurrentOtherPrepaidExpenses_iI_pp0p0_maCPEzQCZ_z5RkoEcNK3ae" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid other</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">554,590</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">214,493</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CurrentDeposits_iI_pp0p0_maCPEzQCZ_zwKrR1HtN45a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,989,078</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,016,052</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CurrentPrepaidExpenses_iTI_pp0p0_mtCPEzQCZ_zwY5Li5od408" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Prepaid expenses and deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,632,804</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,757,100</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 89136 526555 554590 214493 4989078 4016052

5632804

4757100

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">8.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">EQUIPMENT</td></tr></table> <p id="xdx_89D_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zeghsbEchVsh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B7_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ComputerEquipmentMember_z865n0KWlGae" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Computer Equipment</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B4_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--FurnitureAndEquipmentMember_zJTitekmMZgc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Furniture and Equipment</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LeaseholdImprovementsMember_zUKf3EXFi6a6" style="border-bottom: Black 1pt solid; text-align: right">Leasehold Improvements</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zP9SQygeOgA8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Vehicles</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BE_zThp5kwNAOqf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_ecustom--PropertyPlantAndEquipmentCost_iS_zOCoS0xurmvd" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">130,328</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">997,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">88,889</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">60,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,276,976</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zl56O1N260q3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,145</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">908,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">971,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zh62gpPU0Nb1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,031</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(135,046</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,266</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(201,343</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_437_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iS_zHc4Zv6bTH03" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iS_znIJ3w35IL2a" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property, plant and equipment, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zSTk94pWePZ5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">138,057</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">557,744</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,540</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">705,341</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_z1V3aQ5v4SI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,837</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(165,940</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(183,777</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ForeignExchangeCost_z0Nb9fpT79e4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">159</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,076</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,235</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iE_zOYDXHZAffej" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">284,821</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,183,471</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,463</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,590,098</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iE_z9E5nvZBGRXh" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Property, plant and equipment, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">284,821</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,183,471</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,463</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,590,098</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zCsSG0isdE6j" style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">92,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">591,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">38,520</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">747,434</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zN9wCHM3SdDi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Charge for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205,491</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,568</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">266,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_z9S0REsM1bqc" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(121,765</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,706</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(158,717</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_431_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zrKVTAnj8bPg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_ziT6iDqxX6H9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accumulated depreciation, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zntZRt29Ms5e" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Charge for the period</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">25,233</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">180,175</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,702</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,293</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">213,403</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zGwOgy5b1W8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,197</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(147,452</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(164,649</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--ForeignExchangeAccumulatedDepreciation_z2FJHP0PHfrb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,058</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,068</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zMIrFFoyCzr2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">118,379</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">709,110</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,199</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">47,359</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">905,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zdrlnNHkOefg" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Accumulated depreciation, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">118,379</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">709,110</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,199</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">47,359</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">905,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zjvDJGbeS1Ll" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">54,109</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,095,262</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">27,426</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">15,277</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,192,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_eifrs-full--PropertyPlantAndEquipment_iE_ztMWfZqCPp7k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">166,442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,474,361</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,264</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,984</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,685,051</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_432_c20260101__20260630_eifrs-full--PropertyPlantAndEquipment_iE_zva6kWbeA75a" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">166,442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,474,361</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,264</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,984</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,685,051</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Depreciation commences when assets are available for use. Depreciation expense for the three and six months ended June 30, 2026 of $<span id="xdx_904_eifrs-full--DepreciationExpense_c20260401__20260630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zQFGHkOjZTCi" title="Depreciation expense">4,441 (2025 - $<span id="xdx_900_eifrs-full--DepreciationExpense_c20250401__20250630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_z7Xcl1UwPbF1" title="Depreciation expense">7,966) and $<span id="xdx_90A_eifrs-full--DepreciationExpense_c20260101__20260630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zqv5bXgVgalb" title="Depreciation expense">6,758 respectively (2025 - $<span id="xdx_903_eifrs-full--DepreciationExpense_c20250101__20250630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zbC120L2T4r1" title="Depreciation expense">15,931) is included in the cost of sales.

<p id="xdx_89D_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zeghsbEchVsh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B7_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ComputerEquipmentMember_z865n0KWlGae" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Computer Equipment</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B4_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--FurnitureAndEquipmentMember_zJTitekmMZgc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Furniture and Equipment</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LeaseholdImprovementsMember_zUKf3EXFi6a6" style="border-bottom: Black 1pt solid; text-align: right">Leasehold Improvements</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zP9SQygeOgA8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Vehicles</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BE_zThp5kwNAOqf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_ecustom--PropertyPlantAndEquipmentCost_iS_zOCoS0xurmvd" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">130,328</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">997,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">88,889</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">60,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,276,976</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zl56O1N260q3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,145</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">908,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">971,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zh62gpPU0Nb1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,031</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(135,046</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,266</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(201,343</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_437_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iS_zHc4Zv6bTH03" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iS_znIJ3w35IL2a" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property, plant and equipment, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zSTk94pWePZ5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">138,057</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">557,744</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,540</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">705,341</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_z1V3aQ5v4SI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,837</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(165,940</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(183,777</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ForeignExchangeCost_z0Nb9fpT79e4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">159</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,076</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,235</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iE_zOYDXHZAffej" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">284,821</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,183,471</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,463</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,590,098</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260630_ecustom--PropertyPlantAndEquipmentCost_iE_z9E5nvZBGRXh" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Property, plant and equipment, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">284,821</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,183,471</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,463</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,590,098</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zCsSG0isdE6j" style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">92,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">591,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">38,520</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">747,434</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zN9wCHM3SdDi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Charge for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205,491</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,568</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">266,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_z9S0REsM1bqc" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(121,765</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,706</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(158,717</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_431_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zrKVTAnj8bPg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_ziT6iDqxX6H9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accumulated depreciation, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zntZRt29Ms5e" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Charge for the period</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">25,233</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">180,175</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,702</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,293</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">213,403</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zGwOgy5b1W8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,197</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(147,452</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(164,649</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--ForeignExchangeAccumulatedDepreciation_z2FJHP0PHfrb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,058</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,068</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zMIrFFoyCzr2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">118,379</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">709,110</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,199</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">47,359</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">905,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260630_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zdrlnNHkOefg" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Accumulated depreciation, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">118,379</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">709,110</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,199</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">47,359</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">905,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zjvDJGbeS1Ll" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">54,109</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,095,262</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">27,426</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">15,277</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,192,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_433_c20260101__20260630_eifrs-full--PropertyPlantAndEquipment_iE_ztMWfZqCPp7k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">166,442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,474,361</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,264</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,984</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,685,051</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_432_c20260101__20260630_eifrs-full--PropertyPlantAndEquipment_iE_zva6kWbeA75a" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">166,442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,474,361</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,264</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,984</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,685,051</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

130328 997416 88889 60343 1276976

62145

908221

1300

971666

28031

135046

38266

201343

164442 1770591 51923 60343 2047299 164442 1770591 51923 60343 2047299

138057

557744

9540

705341

17837

165940

183777

159 21076 21235 284821 2183471 61463 60343 2590098 284821 2183471 61463 60343 2590098 92676 591603 24635 38520 747434

41903

205491

12568

6546

266508

24246 121765 12706 158717 110333 675329 24497 45066 855225 110333 675329 24497 45066 855225

25233

180175

5702

2293

213403

17197 147452 164649 10 1058 1068 118379 709110 30199 47359 905047 118379 709110 30199 47359 905047

54109

1095262

27426

15277

1192074

166442

1474361

31264

12984

1685051

166442

1474361

31264

12984

1685051

4441

7966

6758

15931

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">9.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">GOODWILL</td></tr></table> Goodwill represents the excess of the cost of an acquisition over the fair value of the Company’s share of the identifiable net assets of the business at the date of acquisition. Goodwill is carried at cost less accumulated impairment losses. Goodwill is allocated to each cash generating unit (“CGU”) that is expected to benefit from the synergies of the related business combination. The Company currently has two CGU’s and goodwill is part of the drones segment. The goodwill represents the value of acquiring the ability to produce a new fixed wing drone that was not part of the Company’s current offering and the expertise and processes acquired through employees brought across with the knowledge to produce these drones. Management believes that any reasonably possible change in the key assumptions on which Skip’s recoverable amount is based would not cause Skip’s carrying amount to exceed its recoverable amount. SCHEDULE OF GOODWILL <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260630_zVFRVB3WwQRe" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_zMc2cDYiK2q4" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left; padding-bottom: 1pt">Goodwill on Skip acquisition (note 4)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">2,961,303</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_iI_z2bcUoGBSFx8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_iI_zzDmkeTMALNa" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Goodwill</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

Management believes that any reasonably possible change in the key assumptions on which Skip’s recoverable amount is based would not cause Skip’s carrying amount to exceed its recoverable amount. SCHEDULE OF GOODWILL <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260630_zVFRVB3WwQRe" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iI_zMc2cDYiK2q4" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left; padding-bottom: 1pt">Goodwill on Skip acquisition (note 4)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">2,961,303</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_iI_z2bcUoGBSFx8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_iI_zzDmkeTMALNa" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Goodwill</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,961,303</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

2961303

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">10.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">RIGHT OF USE ASSETS</td></tr></table> The Company has three leases with expiration dates of January 31, 2027, and September 30, 2028. SCHEDULE OF RIGHT OF USE ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%">Balance at December 31, 2025, and 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iS_c20260101__20260630_zde05NJdF1y7" style="width: 16%; text-align: right" title="Right of use assets, Cost, Balance">1,455,039</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Additions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--AdditionsToRightofuseAssets_c20260101__20260630_zBY0fICH8c8" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets, Cost, Additions">36,110</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iE_c20260101__20260630_zlmnz54X8n0l" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Cost, Balance">1,491,149</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20250101__20251231_zfzFk2pKuG67" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,082,695</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Charge for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--DepreciationRightofuseAssets_c20250101__20251231_zhH4S1hFjPji" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depreciation, Charge for the year">142,728</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20260101__20260630_z4l1iA48cGAc" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,225,423</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Charge for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--DepreciationRightofuseAssets_c20260101__20260630_zXwCZKg03BBf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Accumulated depreciation, Charge for the year">73,099</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_ecustom--RightofuseAssetsAccumulatedAmortization_iE_c20260101__20260630_zzFcZiFBgEvf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,298,522</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98C_eifrs-full--RightofuseAssets_iI_c20251231_zzn4x1f7EqW2" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets, Net book value">229,616</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--RightofuseAssets_iI_c20260630_zrFKCbEhomTd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Net book value">192,627</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Depreciation expense for the three and six month period ended June 30, 2026 in the amount of $<span id="xdx_907_eifrs-full--DepreciationExpense_c20260401__20260630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_z70dSRHPC8xj" title="Depreciation expense">1,529 (2025 - $<span id="xdx_906_eifrs-full--DepreciationExpense_c20250401__20250630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_zlD2CzgxvqSk" title="Depreciation expense">1,996) and $<span id="xdx_900_eifrs-full--DepreciationExpense_c20260101__20260630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_zqw3C1NB1lYg" title="Depreciation expense">2,115 respectively (2025 - $<span id="xdx_902_eifrs-full--DepreciationExpense_c20250101__20250630__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_ziVxyr7gNuY9" title="Depreciation expense">3,992) is included in the cost of sales. SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left">ROU Assets consist of the following:</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260630_zUY5QOn1g1q5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20251231_zDc7CRj1RX7e" style="border-bottom: Black 1pt solid; text-align: right">December 31,2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--RightofuseAssets_iI_hifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z1noKpz3NWMf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; padding-bottom: 1pt">Buildings</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">192,627</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">229,616</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

The Company has three leases with expiration dates of January 31, 2027, and September 30, 2028. SCHEDULE OF RIGHT OF USE ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%">Balance at December 31, 2025, and 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iS_c20260101__20260630_zde05NJdF1y7" style="width: 16%; text-align: right" title="Right of use assets, Cost, Balance">1,455,039</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Additions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--AdditionsToRightofuseAssets_c20260101__20260630_zBY0fICH8c8" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets, Cost, Additions">36,110</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iE_c20260101__20260630_zlmnz54X8n0l" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Cost, Balance">1,491,149</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20250101__20251231_zfzFk2pKuG67" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,082,695</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Charge for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--DepreciationRightofuseAssets_c20250101__20251231_zhH4S1hFjPji" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depreciation, Charge for the year">142,728</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20260101__20260630_z4l1iA48cGAc" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,225,423</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Charge for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--DepreciationRightofuseAssets_c20260101__20260630_zXwCZKg03BBf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Accumulated depreciation, Charge for the year">73,099</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_ecustom--RightofuseAssetsAccumulatedAmortization_iE_c20260101__20260630_zzFcZiFBgEvf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,298,522</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98C_eifrs-full--RightofuseAssets_iI_c20251231_zzn4x1f7EqW2" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets, Net book value">229,616</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--RightofuseAssets_iI_c20260630_zrFKCbEhomTd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Net book value">192,627</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

1455039

36110

1491149

1082695

142728

1225423

73099

1298522

229616

192627

1529

1996

2115

3992

SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left">ROU Assets consist of the following:</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260630_zUY5QOn1g1q5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20251231_zDc7CRj1RX7e" style="border-bottom: Black 1pt solid; text-align: right">December 31,2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--RightofuseAssets_iI_hifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_z1noKpz3NWMf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; padding-bottom: 1pt">Buildings</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">192,627</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">229,616</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

192627

229616

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">11.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">LEASE LIABILITIES</td></tr></table> The Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities with terms ranging from one to five years. The leases are calculated using incremental borrowing rates ranging from <span id="xdx_90C_eifrs-full--WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16_iI_pid_dp_uPure_c20260630__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zDbRm26Yo3Kl">11.7% to <span id="xdx_90D_eifrs-full--WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16_iI_pid_dp_uPure_c20260630__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zpbj6ZK2kZB5" title="Weighted average lessee's incremental borrowing rate applied to lease">13.3%. SCHEDULE OF OPERATING LEASE LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20250101__20251231_zhBAoLDI46kh" style="width: 16%; text-align: right" title="Balance - Beginning of period">428,021</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20250101__20251231_zNQfOWawIy8l" style="text-align: right" title="Interest expense">36,711</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20250101__20251231_z9l3NrJ1rBWh" style="border-bottom: Black 1pt solid; text-align: right" title="Lease Payments">(190,857</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20260101__20260630_znPoande6Yp" style="text-align: right" title="Balance - Beginning of period">273,875</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20260101__20260630_zIXTqZPTM7H2" style="font-weight: bold; text-align: right" title="Interest expense">12,636</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--AdditionsIncomeExpenseOnLeaseLiabilities_pp0p0_c20260101__20260630_zd660gVdDyh9" style="font-weight: bold; text-align: right" title="Additions">36,110</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20260101__20260630_z49xhajvLEMe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease Payments">(96,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--LeaseLiabilities_iE_pp0p0_c20260101__20260630_zMRxLUYHqlsi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance - Ending of period">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Which consists of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Current lease liability</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20260630_zLFND6a8WLi1" style="width: 16%; font-weight: bold; text-align: right" title="Current lease liabilities">138,107</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20251231_zn8lorG10Gag" style="width: 16%; text-align: right" title="Current lease liabilities">143,624</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20260630_zHTPg2AX7rlb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current lease liabilities">88,163</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20251231_zjaUs82lIftc" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current lease liabilities">130,251</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--LeaseLiabilities_iI_pp0p0_c20260630_zxuOo7aLHed1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease liabilities">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--LeaseLiabilities_iI_pp0p0_c20251231_zE8HLQi1Lh28" style="border-bottom: Black 1pt solid; text-align: right" title="Lease liabilities">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">11.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">LEASE LIABILITIES (CONT’D)</td></tr></table> <p id="xdx_89D_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_z2MKb9JhlW86" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> SCHEDULE OF OPERATING MATURITY ANALYSIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Maturity analysis</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260630_zpB9lCRor3Rh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_zhB58yrH9L9a" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_407_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zUnsov1b4I8l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Less than one year</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">153,710</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">165,022</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanThreeYearsMember_zPaEIU7tMOmb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">One to three years</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">93,386</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFiveYearsMember_zuhhf3VXFGYf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Four to five years</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_zYKGcTQiNm0a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total undiscounted lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">247,096</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">306,541</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--LeaseImplicitInterest_iI_zedIMfnq87d3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Amount representing interest</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(20,826</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(32,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--LeaseLiabilities_iI_zMjn9A0fxfCk" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> The three month and six month variable lease payments of $12,978 (2025 - $12,567) and $26,567 (2025 - $25,773) respectively have been recognized in profit and loss.

0.117

0.133

SCHEDULE OF OPERATING LEASE LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20250101__20251231_zhBAoLDI46kh" style="width: 16%; text-align: right" title="Balance - Beginning of period">428,021</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20250101__20251231_zNQfOWawIy8l" style="text-align: right" title="Interest expense">36,711</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20250101__20251231_z9l3NrJ1rBWh" style="border-bottom: Black 1pt solid; text-align: right" title="Lease Payments">(190,857</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20260101__20260630_znPoande6Yp" style="text-align: right" title="Balance - Beginning of period">273,875</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20260101__20260630_zIXTqZPTM7H2" style="font-weight: bold; text-align: right" title="Interest expense">12,636</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--AdditionsIncomeExpenseOnLeaseLiabilities_pp0p0_c20260101__20260630_zd660gVdDyh9" style="font-weight: bold; text-align: right" title="Additions">36,110</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20260101__20260630_z49xhajvLEMe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease Payments">(96,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--LeaseLiabilities_iE_pp0p0_c20260101__20260630_zMRxLUYHqlsi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance - Ending of period">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Which consists of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Current lease liability</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20260630_zLFND6a8WLi1" style="width: 16%; font-weight: bold; text-align: right" title="Current lease liabilities">138,107</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20251231_zn8lorG10Gag" style="width: 16%; text-align: right" title="Current lease liabilities">143,624</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20260630_zHTPg2AX7rlb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current lease liabilities">88,163</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20251231_zjaUs82lIftc" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current lease liabilities">130,251</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--LeaseLiabilities_iI_pp0p0_c20260630_zxuOo7aLHed1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease liabilities">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--LeaseLiabilities_iI_pp0p0_c20251231_zE8HLQi1Lh28" style="border-bottom: Black 1pt solid; text-align: right" title="Lease liabilities">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

428021

36711

190857

273875

12636

36110

96351

226270

138107

143624

88163

130251

226270

273875

<p id="xdx_89D_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_z2MKb9JhlW86" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> SCHEDULE OF OPERATING MATURITY ANALYSIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Maturity analysis</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260630_zpB9lCRor3Rh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_zhB58yrH9L9a" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_407_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zUnsov1b4I8l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Less than one year</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">153,710</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">165,022</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanThreeYearsMember_zPaEIU7tMOmb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">One to three years</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">93,386</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanThreeYearsAndNotLaterThanFiveYearsMember_zuhhf3VXFGYf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Four to five years</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_zYKGcTQiNm0a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total undiscounted lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">247,096</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">306,541</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--LeaseImplicitInterest_iI_zedIMfnq87d3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Amount representing interest</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(20,826</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(32,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--LeaseLiabilities_iI_zMjn9A0fxfCk" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">226,270</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

153710

165022

93386

141519

247096

306541

-20826 -32666

226270

273875

12978

12567

26567

25773

<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">12.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">TRADE PAYABLES AND ACCRUED LIABILITIES</td></tr></table> <p id="xdx_894_ecustom--DisclosureOfTraderPayablesAndAccruedLiabilitiesExplanatory_zUW4TVbWh73k" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260630_zY6fOU8UyYN1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20251231_z3zjfEDeynQ4" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzzq7_z567RSRmmrle" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts payable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">1,598,605</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">667,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--OtherCurrentLiabilities_iI_maTAOCPzzq7_zf5w0riBWEf6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,695,844</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,729,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzzq7_z6pqkM4UWAna" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,294,449</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,397,343</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

<p id="xdx_894_ecustom--DisclosureOfTraderPayablesAndAccruedLiabilitiesExplanatory_zUW4TVbWh73k" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260630_zY6fOU8UyYN1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20251231_z3zjfEDeynQ4" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzzq7_z567RSRmmrle" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts payable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">1,598,605</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">667,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--OtherCurrentLiabilities_iI_maTAOCPzzq7_zf5w0riBWEf6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,695,844</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,729,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzzq7_z6pqkM4UWAna" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,294,449</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,397,343</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

1598605

667396

2695844

2729947

4294449

3397343

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">13.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">DEFERRED INCOME</td></tr></table> At times, the Company may take payment in advance for services to be rendered. These amounts are held and recognized as services are rendered. SCHEDULE OF DEFERRED INCOME <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260630_zfsBSFkWMHNi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zGWU9ziFua94" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_ecustom--DeferredRevenueBeginning_iI_maDIGzIl5_zOWdOk4Dayt3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deferred, revenue beginning</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">209,749</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">86,681</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueRecognized_iI_maDIGzIl5_zHBe6sxd81h" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Revenue recognized</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(139,843</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(90,781</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--UnearnedRevenuesReceived_iI_maDIGzIl5_z7YRZntPRlcj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unearned revenues received</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">99,586</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">223,426</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredRevenueForeignExchange_iNI_di_msDIGzIl5_zboSP4DBW6fl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,028</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,577</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--DeferredIncomeGross_iTI_mtDIGzIl5_zymJ6JeXaoA" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deferred income gross</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171,520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DeferredIncomeIncludingContractLiabilities_iI_maAADIIzUaf_zvgGIeuep9D1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">139,759</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">165,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredIncomeIncludingContractLiabilitiesNonCurrent_iI_maAADIIzUaf_zfT1s6kFtg1f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Long term portion</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,761</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">44,512</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--AccrualsAndDeferredIncomeIncludingContractLiabilities_iTI_mtAADIIzUaf_zwqJ4Awyv9M5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deferred Income net</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171,520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Deferred revenue of $139,759 (2025 - $165,237) as of June 30, 2026 is expected to be recognized as revenue within one year. The remaining is related to long-term support and maintenance arrangements and will be recognized according to the terms of these arrangements over the next 2.0 years. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

SCHEDULE OF DEFERRED INCOME <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260630_zfsBSFkWMHNi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zGWU9ziFua94" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_ecustom--DeferredRevenueBeginning_iI_maDIGzIl5_zOWdOk4Dayt3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deferred, revenue beginning</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">209,749</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">86,681</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueRecognized_iI_maDIGzIl5_zHBe6sxd81h" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Revenue recognized</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(139,843</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(90,781</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--UnearnedRevenuesReceived_iI_maDIGzIl5_z7YRZntPRlcj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unearned revenues received</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">99,586</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">223,426</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredRevenueForeignExchange_iNI_di_msDIGzIl5_zboSP4DBW6fl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,028</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,577</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--DeferredIncomeGross_iTI_mtDIGzIl5_zymJ6JeXaoA" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deferred income gross</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171,520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DeferredIncomeIncludingContractLiabilities_iI_maAADIIzUaf_zvgGIeuep9D1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">139,759</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">165,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredIncomeIncludingContractLiabilitiesNonCurrent_iI_maAADIIzUaf_zfT1s6kFtg1f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Long term portion</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">31,761</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">44,512</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--AccrualsAndDeferredIncomeIncludingContractLiabilities_iTI_mtAADIIzUaf_zwqJ4Awyv9M5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deferred Income net</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171,520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 209749 86681 -139843 -90781 99586 223426 -2028 9577 171520 209749

139759

165237

31761 44512

171520

209749

139759 165237 P2Y

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">14.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SHARE CAPITAL</td></tr></table> Authorized share capital Unlimited number of common shares without par value. Issued share capital During the six months ended June 30, 2026, <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On February 23, 2026, the Company issued 5,030,000 common shares and <span id="xdx_90E_ecustom--PrefundedWarrants_iI_pid_c20260223__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_z8dRoVaPaNT2" title="Prefunded warrants">2,120,000 pre-funded warrants in a financing for $68,277,951 with share issue costs of $8,136,847 ($5,729,246 allocated to equity and $2,412,431 to expense), including $2,976,520 related to broker warrants, for net proceeds of $60,141,104. The value of the issuance was allocated $<span id="xdx_90D_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zX7RVHcwzhe3" title="Proceeds from issue of ordinary shares">48,033,503 to common shares and $<span id="xdx_901_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zhUQMWbyWQii" title="Proceeds from issue of ordinary shares">20,244,448 to the pre-funded warrants as a derivative liability. As at June 30, 2026 the pre-funded warrants were fully exercised using the cashless exercise option.</td></tr></table> During the year ended December 31, 2025, <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company issued <span id="xdx_908_ecustom--StockIssuedDuringPeriodSharesRestrcitedShareUnits_pid_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zLrX6bZwfLV" title="Number of stock issued for restrcited share units">216,738 common shares for the vesting of restricted share units.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On May 5, 2025, the Company issued 1,715,000 units consisting of one common share and one warrant in a financing for $4,973,404 with share issue costs of $829,316, including $163,757 related to broker warrants, for net proceeds of $4,144,088. The value of the issuance was allocated $<span id="xdx_909_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zbGknSwRyxD2" title="Proceeds from issue of ordinary shares">4,545,997 to the shares and $<span id="xdx_905_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zF7akjWJgxp3" title="Proceeds from issue of ordinary shares">427,407 to the warrants based on the residual method. This issuance included an overallotment of 100,000 warrants convertible to 100,000 shares.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company issued 100,000 shares related to the overallotment of the May 5, 2025 share issuance for gross proceeds of $294,000 with share issue costs of $28,030 for net proceeds of $<span id="xdx_90C_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--ComponentsOfEquityAxis__custom--OverallotmentSharesMember_zU8CvtJiQ1C4" title="Net proceeds from issue of ordinary shares">265,970.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On June 12, 2025 the Company issued 5,500,000 units consisting of one common share and one warrant in a financing for $18,758,889 with share issue costs of $2,258,143, including $632,798 related to broker warrants, for net proceeds of $16,500,747. The value of the issuance was allocated $<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zKXfmpAw2Hdb" title="Proceeds from issue of ordinary shares">18,082,472 to the shares and $<span id="xdx_90C_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zF9JVuhWgDJ6" title="Proceeds from issue of ordinary shares">676,418 to the warrants based on the residual method.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On July 21, 2025 the Company issued 4,672,895 units consisting of one common share and one warrant in a financing for $34,279,276 with share issue costs of $4,100,807, including $1,429,172 related to broker warrants, for net proceeds of $30,178,469. The warrants were valued at $nil based on the residual method.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_900_ecustom--StockIssuedDuringPeriodSharesExerciseOfWarrants_pid_uShares_c20250721__20250721__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zXe8ZSOV62Gk" title="Number of shares exercise">11,712,347 shares were issued for the exercise of warrants</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company incurred share issue costs of $140,000 related to the June 30, 2023 base shelf prospectus and included in share issuance costs.</td></tr></table> Stock Options The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the CSE requirements, grant to directors, officers, employees, and technical consultants to the Company, non-transferable stock options to purchase common shares. The total number of common shares reserved and available for grant and issuance pursuant to this plan shall not exceed 15% (in the aggregate) of the issued and outstanding common shares from time to time. The number of options awarded and underlying vesting conditions are determined by the Board of Directors in its discretion. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">14.</td> <td style="text-align: justify">SHARE CAPITAL (CONT’D)</td></tr> </table> <p id="xdx_899_ecustom--DisclosureOfSharebasedPaymentArrangementsOptionsOutstandingAndExercisableExplanatory_zcZULpWxz8L9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As at June 30, 2026, the Company had the following options outstanding and exercisable: SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Grant Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Expiry Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Remaining Contractual Life (years)</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Options Outstanding</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Exercisable</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%"><span id="xdx_90F_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhzD5grVOjcj" title="Grant Date">October 30, 2019</td><td style="width: 2%"> </td> <td style="width: 15%"><span id="xdx_901_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zRJNVplV3Ikg" title="Expiry Date">October 30, 2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zPBCBtJloeod" style="width: 13%; text-align: right" title="Exercise Price">62.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zmd3sbm9dPGh" title="Remaining Contractual Life (years)">3.58</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zbCbFZdY5Ane" style="width: 13%; text-align: right" title="Number of Options Outstanding">10,464</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zB5Q8LPwfvUk" style="width: 13%; text-align: right" title="Number of Options Exercisable">10,464</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_908_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1cgjKtFJVDa" title="Grant Date">April 30, 2020</td><td> </td> <td><span id="xdx_906_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z9ySvGEqpeOi" title="Expiry Date">April 30, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zZ2gDag6Hmb1" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zT19leyVePU6" title="Remaining Contractual Life (years)">4.07</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_ztGtd2SkRrD7" style="text-align: right" title="Number of Options Outstanding">160</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z5ip4sOEGLC4" style="text-align: right" title="Number of Options Exercisable">160</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_90D_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zcIN73zqDhad" title="Grant Date">April 30, 2020</td><td> </td> <td><span id="xdx_90F_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zDlk3emRFiO" title="Expiry Date">April 30, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zraEZhYzul" style="text-align: right" title="Exercise Price">96.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zWduWA3zS68j" title="Remaining Contractual Life (years)">4.07</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zJj1EacO9y22" style="text-align: right" title="Number of Options Outstanding">4,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zse8n7vsKXY" style="text-align: right" title="Number of Options Exercisable">4,400</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zXHGc9MXfrD3" title="Grant Date">November 24, 2020</td><td> </td> <td><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2o9JrFHcoye" title="Expiry Date">November 24, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z5Ezcs7AIKG7" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zs57wKQLCKRk" title="Remaining Contractual Life (years)">4.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z4fWGG0K16e5" style="text-align: right" title="Number of Options Outstanding">1,280</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzkFQkmGamXc" style="text-align: right" title="Number of Options Exercisable">1,280</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_904_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zA1LfqXx87Ff" title="Grant Date">February 2, 2021</td><td> </td> <td><span id="xdx_90B_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zSKN2IkW0MRb" title="Expiry Date">February 2, 2031</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zY963lXPnSWh" style="text-align: right" title="Exercise Price">330.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuNkXd11CBga" title="Remaining Contractual Life (years)">4.83</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zCh5RWtNvlbd" style="text-align: right" title="Number of Options Outstanding">1,200</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zszS5XhI8og1" style="text-align: right" title="Number of Options Exercisable">1,200</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_90C_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1pY71emOYTg" title="Grant Date">April 27, 2021</td><td> </td> <td><span id="xdx_90D_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zL4VWVwD5cT1" title="Expiry Date">April 27, 2031</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1tBUyoMjrm7" style="text-align: right" title="Exercise Price">253.75</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z4E8MfrbJiw5" title="Remaining Contractual Life (years)">5.06</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zdy1Ji0u3GD1" style="text-align: right" title="Number of Options Outstanding">3,240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zK7YbKoj2que" style="text-align: right" title="Number of Options Exercisable">3,240</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_906_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zTr3X13tgrE5" title="Grant Date">September 9, 2021</td><td> </td> <td><span id="xdx_903_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzFnEP6sOhda" title="Expiry Date">September 9, 2026</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zBLbqz44F2qf" style="text-align: right" title="Exercise Price">121.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zwf5FAW5FyAh" title="Remaining Contractual Life (years)">0.44</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp3ydkhGmit2" style="text-align: right" title="Number of Options Outstanding">1,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zy0CQD2XuCAg" style="text-align: right" title="Number of Options Exercisable">1,034</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span id="xdx_903_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2fHBlEMKmib" title="Grant Date">November 9, 2023</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zgJJ6AV8quFb" title="Expiry Date">November 9, 2033</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zamL4rabQPta" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise Price">15.75</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zqyQ6AdAsESb" title="Remaining Contractual Life (years)">7.60</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zVvaZ76V2Q6a" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Outstanding">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zpivRSDXOWz1" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Exercisable">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNnbtXvVXLBf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Outstanding">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zKymKSny2meh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Exercisable">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> SCHEDULE OF STOCK OPTIONS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Weighted Average Exercise Price</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">31,604</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231_zuMlAdCDu99" style="width: 16%; text-align: right" title="Weighted average exercise price, Beginning Balance">112.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,746</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20250101__20251231_z3hASmLWFN54" style="text-align: right" title="Weighted average exercise price, forfeited">113.55</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20250101__20251231_zYksH3X4Q1Xa" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Expiired">80.00</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Outstanding, December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23,858</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630_zEBlitE5znf9" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Beginning Balance">116.34</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(480</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20260101__20260630_zDa74aQFT9uh" style="text-align: right" title="Weighted average exercise price, forfeited">221.88</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Expired</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(400</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20260101__20260630_zR1uYopdRYZf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, expired">347.50</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630_zCDIZg1QGZj9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, Ending Balance">110.11</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> No options were granted by the Company during the six months ended June 30, 2026 (June 30, 2025 - nil). Restricted Stock Units The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, restricted stock units (RSUs). The number of RSUs awarded and underlying vesting conditions are determined by the Board of Directors in its discretion. RSUs will have a vesting period determined by the board not to exceed 3 years following the award date. The total number of common shares reserved and available for grant and issuance pursuant to this plan, and the total number of Restricted Share Units that may be awarded pursuant to this plan, shall not exceed 15% (in the aggregate) of the issued and outstanding common shares from time to time. The grant date fair value of the RSU’s generally approximates the cost of purchasing the shares in the open market. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">14.</td> <td style="text-align: justify">SHARE CAPITAL (CONT’D)</td></tr> </table> <p id="xdx_89C_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfRestrictedStockUnitsExplanatory_zg2389fwK0Gb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As at June 30, 2026, the Company had the following RSUs outstanding: SCHEDULE OF CHANGES IN RESTRICTED STOCK UNITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zw4k5CXiceY9" title="Number of RSUs outstanding, Beginning of the period">188,100</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zJTs9Jq14KE6" title="Number of RSUs,Vested">(216,738</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zViHeqYkUnzf" title="Number of RSUs,Issued">450,964</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zgbYuW19jWe5" title="Number of RSUs ,Forfeited">(9,175</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Outstanding, December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zIir3WyqqLpe" title="Number of RSUs outstanding, Beginning of the period">413,151</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Vested</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zUebYOJ0i3Y8" title="Number of RSUs,Vested">(652,584</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_ztkZClMM9EN4" title="Number of RSUs,Issued">2,018,983</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_90A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zG6xX5jadPY3" title="Number of RSUs ,Forfeited">(11,900</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_90F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_ziBnPtPKGwDc" title="Number of RSUs outstanding, Ending of the period">1,767,650</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <span id="xdx_902_ecustom--DescriptionOfExercisableAndVestingRequirementsForSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zULLUUk5lADg" title="Description of exercisable and vesting requirements">Each RSU is exercisable into one common share of the Company upon the vesting conditions being met for a period of eighteen months to 3 years from the grant date. During the six months ended June 30, 2026 the Company issued <span id="xdx_908_ecustom--NumberOfRestrictedStockSharesIssued_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zoJu5NMSFADk" title="Number of RSUs issued">723,704 RSU’s with a fair value of $<span id="xdx_904_ecustom--FairValueOfEquityInstrumentsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zhnRkQDn5Vpf" title="RSU's with fair value">5,706,818 and <span id="xdx_909_ecustom--NumberOfRestrictedStockSharesIssued_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember_z2PoAkDhzB7" title="Number of RSUs issued">1,295,279 performance based RSU’s with a fair value of $<span id="xdx_902_ecustom--FairValueOfEquityInstrumentsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember_zkpg8UsD26yk" title="RSU's with fair value">2,905,278 (total RSU issuance of <span id="xdx_902_ecustom--NumberOfInstrumentsRestrictedStockUnitsSharesIssued_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_z0f4srt6Pgzf" title="Number of RSU issuance">2,018,983 RSUs with a value of $ <span id="xdx_904_ecustom--FairValueOfRestrictedStockUnitsIssued_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zxHQngrHs9C6" title="Fair value of RSU issuance">8,612,096) that <span id="xdx_908_eifrs-full--DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zxa20XSWYpDa" title="Vesting description">vest over 1-3 years. Of the total performance based RSUs granted, <span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember_zsf4gZOvBt9j" title="Number of RSUs granted">1,270,113 performance based RSUs had a fair value of $<span id="xdx_903_ecustom--FairValueOfRestrictedStockUnitsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember_zpYsd8etQa29" title="Fair value of RSU granted">2,699,672 and of the total non-performance based RSUs granted, <span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonPerformanceBasedRestrictedShareUnitsMember_zCjpJkTADbRa" title="Number of RSUs granted">423,371 had a fair value of $<span id="xdx_902_ecustom--FairValueOfRestrictedStockUnitsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonPerformanceBasedRestrictedShareUnitsMember_zQn1We1KtP94" title="Fair value of RSU granted">3,458,941 that were issued to the CEO for a total grant of 1,693,484 RSUs with a total fair value of $6,158,613. The non-performance RSUs of <span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonPerformanceBasedRestrictedShareUnitsMember_ziAL0hg9E4u7" title="Number of RSUs granted">423,371, <span id="xdx_900_eifrs-full--DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonPerformanceBasedRestrictedShareUnitsMember_zeWxoxnibjfl" title="Vesting description">representing 25% of the total grant, vested on grant, with the remaining performance RSUs representing 75% of the grant, vesting 25% per anniversary over 3 years based on the following performance targets being met: <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 20.4pt"></td><td style="width: 18pt">●</td><td style="text-align: justify">market capitalization attained and maintained for a minimum of 90 days of $<span id="xdx_90C_eifrs-full--IssuedCapital_iI_pn4n6_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zmCizjkjJHsk" title="Issued capital">400 million USD for year one and $<span id="xdx_90A_eifrs-full--IssuedCapital_iI_pn4n6_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zzuMtfPJxQT2" title="Issued capital">500 million USD for years two and three;</td></tr> <tr style="vertical-align: top"> <td style="width: 20.4pt"></td><td style="width: 18pt">●</td><td style="text-align: justify">projected revenue based on the annual board approved budget;</td></tr> <tr style="vertical-align: top"> <td style="width: 20.4pt"></td><td style="width: 18pt">●</td><td style="text-align: justify">completed financing based on the annual board approved budget. </td></tr></table> The first, second and third tranches vest only if all three of the noted targets are met at the end of fiscal 2026, 2027 and 2028 and will vest on March 1 of the year following the end of the respective fiscal years. If any one of the targets is missed, no vesting will occur for that tranche. A 50% probability was applied for estimated achievement of the performance targets based on historical payouts related to performance based compensation. The fair value of the <span id="xdx_901_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zekG6KsNTZy2" title="Number of RSUs granted">1,270,113 performance based RSU’s issued to the CEO of $<span id="xdx_905_eifrs-full--EmployeeBenefitsExpense_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_z18EPOXeMgKk" title="Employee benefits expense">2,699,672 was calculated using a Monte Carlo simulation which utilized Geometric Brownian Motion to simulate share prices over the life of the RSU’s. During the six months ended June 30, 2026, the Company recognized $<span id="xdx_90F_ecustom--StockIssuedDuringPeriodSharesRestrcitedShareUnits_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zeK74MVgws0f" title="Number of stock issued for restrcited share units">278,018 of the share based compensation on the future tranches. Estimates included in the Monte Carlo simulation are as follows: SCHEDULE OF RESTRICTED STOCK UNITS ESTIMATES <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">As at grant date April 15, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">First Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">Second Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">Third Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%; text-align: justify">Starting share price - CAD</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zVtdH5AsG0i2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zBk4YvmJ41Y2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z9FB5336ufvb" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Volatility</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zoA1nyQoKKnh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zcZ8sIYLJ3x6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zcDc77wsoCV1" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Number of years to vest</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zLRpY7mk9yjh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">0.877</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_z4T877DcgyDc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">1.879</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zesR9xSfJFri" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">2.879</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interpolated risk free rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zTDsVeMmd6Bb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.54</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zenuIbkReRPe" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.76</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zHxFaJKKjJfc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.896</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Value of conversion feature</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zcj4WEIiYh4f" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">1.9166</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zCkWsEWoOQ73" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">4.7156</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zmlcmFmATgyl" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">6.1210</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Number of RSU’s outstanding</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zJ0Zb8qZDhF3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zkxBt19gua9l" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z7OX9hhol9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fair value of RSU’s, pre-vesting adjustment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zffz8tLiD11i" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">811,442</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zvROB1PsLopf" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">1,996,456</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zMvPwSW8ZT7f" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">2,591,445</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Probability of performance vesting</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zpNjskqtIi72" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zuk66LVMtD7a" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zpQDRy6dH5Ik" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Fair value of RSU’s</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zPYTA2eWf4H8" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">405,721</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zHQZOLdX9bwb" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">998,228</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z6jUr7aqgz14" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">1,295,723</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> The fair value of the <span id="xdx_90F_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NonCEOExecutivesMember_zkJzAWiBkZf3" title="Number of RSUs granted">25,166 performance based RSU’s granted to non-CEO executives is $<span id="xdx_90E_eifrs-full--EmployeeBenefitsExpense_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--PerformanceBasedRestrictedShareUnitsMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NonCEOExecutivesMember_z4PtCVj20Xz4" title="Employee benefits expense">205,606. These did not contain any market conditions so were valued using the closing share prices from the date before grant and a 50% probability was applied for estimated achievement of the performance targets based on historical payouts related to performance based compensation. During the three and six months ended June 30, 2026, the Company recorded share-based payment expense of $<span id="xdx_90E_eifrs-full--AdjustmentsForSharebasedPayments_pp0p0_c20260401__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zlh2ytWC2IEc" title="Share based payment expense">4,808,448 (2025 - $<span id="xdx_904_eifrs-full--AdjustmentsForSharebasedPayments_pp0p0_c20250401__20250630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zklOC32LTZi" title="Share based payment expense">374,439) and $<span id="xdx_90E_eifrs-full--AdjustmentsForSharebasedPayments_pp0p0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zzu6A37pUzTb" title="Share based payment expense">5,053,133 (2025 - $<span id="xdx_90A_eifrs-full--AdjustmentsForSharebasedPayments_pp0p0_c20250101__20250630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zcwSZoao1MN9" title="Share based payment expense">662,307) for RSUs. For the three and six months respectively, $<span id="xdx_90B_eifrs-full--ExpenseFromSharebasedPaymentTransactionsWithEmployees_c20260401__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zsesg44TEpi2" title="Share based payment expense">4,530,430 and $<span id="xdx_90C_eifrs-full--ExpenseFromSharebasedPaymentTransactionsWithEmployees_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zKuYb3yynAOb" title="Share based payment expense">4,775,115 for RSU’s valued based on the fair values of RSUs granted which were calculated using the closing price of the Company’s stock on the day prior to grant. For both the three and six months $<span id="xdx_90A_ecustom--StockIssuedDuringPeriodSharesRestrcitedShareUnits_c20260401__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_z5za9pktThF6" title="Number of stock issued for restrcited share units"><span id="xdx_902_ecustom--StockIssuedDuringPeriodSharesRestrcitedShareUnits_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_z5v9ohmWiKFc" title="Number of stock issued for restrcited share units">278,018 was recorded for the immediate vest of the CEO RSU’s valued using the Monte Carlo simulation. Warrants During the three months ended June 30, 2026 the Company issued pre-funded warrants (“USD pre-funded Warrants”) where a portion of the funds related to the eventual exercise have already been received with the remaining exercise price in USD. As the pre-funded warrants have a cashless exercise option and were not issued in exchange for services, the value related to the future exercise price of the USD pre-funded Warrants are required to be recorded as a financial liability and not as equity. As a financial liability, the portion of the USD pre-funded Warrants related to the future exercise price will be revalued on a quarterly basis to fair market value with the change in fair value being recorded in profit or loss. The Company valued the prefunded warrants in relation to the Company’s share price as the exercise price of the prefunded warrants was nominal. SCHEDULE OF ISSUE DATE FAIR VALUE INPUTS OF WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">February issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2026 issuances</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 16%; text-align: center"><span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zPth4rzRa628" title="Volatility">137.94%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_901_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zEGterxmfvo6" title="Risk free rate">3.45%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_908_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zgKDq6VNkEAa" title="Expected life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z5C47k86k8Oi" title="Expected dividend yield">0%</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">May Issuance</td><td> </td><td> </td> <td colspan="2" style="text-align: center">June Issuance</td><td> </td><td> </td> <td colspan="2" style="text-align: center">July Issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025 issuances</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zx2djTpZBdQe" title="Volatility">122.15%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zlRWS3jMtWOf" title="Volatility">125.42%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zKq5smw1PJ7j" title="Volatility">131.17%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zEveLGd7TWrc" title="Risk free rate">3.63%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zssExS1yMxn6" title="Risk free rate">3.85%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zDtAq8C34bzg" title="Risk free rate">3.89%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_901_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zvJECzZdhkKe" title="Expected life">3 years</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_903_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zEVypLn9YKol" title="Expected life">3 years</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90B_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zktKqjEDUZib" title="Expected life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90A_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zexlgoifGrr9" title="Expected dividend yield">0%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_z9DQn7aWCrw3" title="Expected dividend yield">0%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zp27sjIo9dJ7" title="Expected dividend yield">0%</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">14.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SHARE CAPITAL (CONT’D)</td></tr></table> Warrant Derivative Liability SCHEDULE OF WARRANT DERIVATIVE LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zf6T4nEFFpx1" style="width: 16%; text-align: right" title="Beginning of the period">2,198,121</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--SharesIssuedForExerciseOfBrokerWarrantsOfDerivatives_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zIa6nh1ORhfb" style="text-align: right" title="Warrants exercised">(4,353,939</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrants outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ChangeInFairValueOfWarrantOfDerivativesOutstanding_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zbg2lMKd36F2" style="border-bottom: Black 1pt solid; text-align: right" title="Change in fair value of warrants outstanding">2,648,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zUwPAOmvdzaa" style="text-align: right" title="Beginning of the period">492,470</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Pre-funded warrants issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--PrefundedWarrantsIssued_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zYFuqJGe6N0f" style="font-weight: bold; text-align: right" title="Pre-funded warrants issued">20,244,448</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Warrants and pre-funded warrants exercised</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--WarrantsAndPrefundedWarrantsExercised_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zmlQyhvkALnd" style="font-weight: bold; text-align: right" title="Warrants and pre-funded warrants exercised">(19,360,086</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Change in fair value of warrants and pre-funded outstanding</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--ChangeInFairValueOfWarrantsAndPrefundedOutstanding_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zOcwuIyPo96k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Change in fair value of warrants and pre-funded outstanding">(1,038,800</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98B_ecustom--CurrentWarrantFairValue_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zKwKYfK8QzO8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Ending of the period">338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_89B_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfWarrantsAndTheirFairValuesExplanatory_zn6KMzQzd5N4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Details of these warrants and their fair values are as follows: SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Issue Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Warrants Outstanding at June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">Fair Value at June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Warrants Outstanding at December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Fair Value at December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Derivative Liability</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 24%">February 26, 2024 (1)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">US$</td><td style="width: 9%; text-align: right"><span id="xdx_904_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uUSDPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zpopccHIgRSk" title="Exercise price">4.4025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_pid_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zmjbASufM8N" style="width: 12%; text-align: right" title="Number of Warrants Outstanding">60,715</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zN8dCqQBKk38" style="width: 9%; text-align: right" title="Fair Value of warrants">338,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zlISzsBgLcMk" style="width: 13%; text-align: right" title="Number of Warrants Outstanding">61,911</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zMASHQMKOws2" style="width: 13%; text-align: right" title="Fair Value of warrants">492,470</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">February 23, 2026 (2)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zQN7MoVctWv2" title="Exercise price">0.00014</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_z6LZMOoyYJYh" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--CurrentWarrantFairValue_iI_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zVRBSm8K3q5e" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zt0uxbMkkGfj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--CurrentWarrantFairValue_iI_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zRUiY7d3T1e1" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630_zltChx0gRoxe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Warrants Outstanding">60,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260630_zhUxA2Iu5PYk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Fair Value of warrants">338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231_zQeUTsHr0BZa" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">61,911</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231_zh8mWA7sBkU3" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">492,470</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 7.35pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">1)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The warrants expire February 26, 2029.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">2)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">These warrants were exercised during the period ended June 30, 2026.</td></tr></table> The fair values of the warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Risk free interest rate</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_z4jRKiBxZyZd" title="Risk free interest rate">4.15</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zHOM7lCsUmIi" title="Risk free interest rate">3.55</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected volatility</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zXhrNTEPbu62" title="Expected volatility">134.47</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zIAG6KyOaQj4" title="Expected volatility">139.39</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2.66 years</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.16 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Expected dividend yield</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zpZCoX0cSVNi" title="Expected dividend yield">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ztQbnGWXzfXb" title="Expected dividend yield">0</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> As at June 30, 2026, the Company had the following warrants outstanding: SCHEDULE OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Date issued</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Expiry date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of warrants outstanding</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%">October 30, 2023</td><td style="width: 2%"> </td> <td style="width: 28%">October 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">23.20</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zCLlLLIHTSt3" style="width: 18%; text-align: right" title="Number of warrants outstanding">12,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>February 26, 2024</td><td> </td> <td>February 26, 2029</td><td> </td> <td style="text-align: left">US$</td><td style="text-align: right">4.4025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zD5BfCvua12b" style="text-align: right" title="Number of warrants outstanding">60,715</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>May 5, 2025</td><td> </td> <td>May 5, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.9779</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zQDe6k3o3amk" style="text-align: right" title="Number of warrants outstanding">7,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>June 12, 2025</td><td> </td> <td>June 12, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">5.0768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZ7L1NYn9Vba" style="text-align: right" title="Number of warrants outstanding">1,014,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>July 21, 2025</td><td> </td> <td>July 21, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7.3579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zMAt6ed9Qktg" style="text-align: right" title="Number of warrants outstanding">3,495,732</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">February 23, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">February 23, 2029</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td style="padding-bottom: 1pt; text-align: right">11.9744</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_z3VihXlqzc3e" style="padding-bottom: 1pt; text-align: right" title="Number of warrants outstanding">357,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">June 9, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">June 9, 2027</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td style="padding-bottom: 1pt; text-align: right">0.00</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_986_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSevenMember_zAYBNjzgmfA2" style="padding-bottom: 1pt; text-align: right" title="Number of warrants outstanding">386,670</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">June 9, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">June 9, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0.00</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantEightMember_zfi56fH30LH1" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants outstanding">309,336</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zPf28muJFRL5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of warrants outstanding">5,644,753</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> The weighted average remaining contractual life of warrants outstanding as of June 30, 2026, was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630_zI1Xf3LEovw2" title="Weighted average remaining contractual life of warrants">3.60 years (December 31, 2025 – <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20250101__20251231_zuPvMbacFyUl" title="Weighted average remaining contractual life of warrants">4.5 years). <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">14.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SHARE CAPITAL (CONT’D)</td></tr></table> Compensation warrants On June 9, 2026 the Company closed the asset acquisition with Skip resulting in two tranches of warrants being issued to the two founders who are now employees of the Company. The terms are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants have been issued that will automatically convert into common shares for $nil consideration on the first anniversary of the close if both of the founders are still employed by the Company. The number of warrants issued were based on the 30 day VWAP of the Company to a value of $<span id="xdx_90C_ecustom--StockIssuedDuringPeriodValueExerciseOfWarrants_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--FirstAnniversaryMember_zL4KB0fq7tB5" title="Shares issued for the exercise of warrants">2,500,000 USD resulting in <span id="xdx_90F_ecustom--StockIssuedDuringPeriodSharesExerciseOfWarrants_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--FirstAnniversaryMember_zfddaoeqwYS" title="Shares issued for the exercise of warrants, shares">386,670 warrants.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">b)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants have been issued that will automatically convert into common shares and cash for $nil consideration on the second anniversary of the close if both of the founders are still employed by the Company and operations related to Skip have achieved $<span id="xdx_901_eifrs-full--Revenue_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondAnniversaryMember_za0HRX0vOci3">1,500,000 USD in reported revenue in the period commencing at closing and ending on December 31, 2026. The warrants can be satisfied in a combination of cash and shares with a maximum of 80% in shares. The total value of these warrants at close was $<span id="xdx_90E_ecustom--StockIssuedDuringPeriodValueExerciseOfWarrants_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondAnniversaryMember_zbsIgzyHp2h9" title="Shares issued for the exercise of warrants">2,500,000 USD. The number of warrants issued was <span id="xdx_901_ecustom--StockIssuedDuringPeriodSharesExerciseOfWarrants_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondAnniversaryMember_z7CnU17T1YRf" title="Shares issued for the exercise of warrants, shares">309,336 based on the 30 day VWAP of the Company to a value of $<span id="xdx_90A_ecustom--ShareIssuedForMaximumPortionToSettleInSharesValue_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondAnniversaryMember_zRKP7d6J9Ur1" title="Share issued for maximum portion to settle in shares value">2,000,000 USD representing the maximum portion to settle in shares.</td></tr></table> The fair value of the first tranche of warrants was determined to be $<span id="xdx_906_ecustom--FairValueOfWarrants_uCAD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--FirstTrancheMember_zkGVMv5wpNmf" title="Fair value of warrants">2,143,389 CAD <span id="xdx_90F_ecustom--DescriptionOnGrantDiscountForLackOfMarketabilityRate_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--FirstTrancheMember_zLSTCij7uYf6" title="Description on grant discount for lack of marketability rate">on grant date using a discount for lack of marketability as 90% of the shares will be released from escrow over a period of three years from the date of conversion. The Company recognized an expense of $<span id="xdx_90B_eifrs-full--OperatingExpense_uCAD_c20260701__20260701__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--FirstTrancheMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__ifrs-full--MajorOrdinaryShareTransactionsMember_zUQdsADqSVG5" title="Expense">115,767 CAD in the quarter. The fair value of the second tranche of warrants was determined to be $<span id="xdx_904_ecustom--FairValueOfWarrants_uCAD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondTrancheMember_zh7xVZ637Atk" title="Fair value of warrants">2,236,343 CAD (cash portion - $<span id="xdx_90F_ecustom--WarrantsOnCashPortion_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondTrancheMember_zgpNkyEHNzm4" title="Warrants on cash portion">576,322; share portion - $<span id="xdx_903_ecustom--WarrantsOnSharesPortion_uUSD_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondTrancheMember_zuuSc0pzoTsj" title="Warrants on shares portion">1,660,021) <span id="xdx_903_ecustom--DescriptionOnGrantDiscountForLackOfMarketabilityRate_c20260609__20260609__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--SecondTrancheMember_z1SZraqWSEk8" title="Description on grant discount for lack of marketability rate">on grant date using a discount for lack of marketability as 90% of the shares will be released from escrow over a period of three years from the date of conversion. The Company did not record any expense in the quarter as it is not more likely than not that the revenue threshold will be met at this time. This will be re-evaluated at each reporting period. When the warrants convert on their respective anniversaries 10% of the shares will be released immediately and the remaining 90% of the shares will be placed in escrow to be released as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_909_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--SixMonthMember_z5MB3cCHL0P5" title="Description of warrant issued">15% 6 months after the exercise date</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_905_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--TwelveMonthMember_zQKHrdVvISPd" title="Description of warrant issued">15% 12 months after the exercise date</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_905_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--EighteenMonthMember_zzgtskeOw11e" title="Description of warrant issued">15% 18 months after the exercise date</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_900_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--TwentyFourMonthMember_zRVjqw2btPU7" title="Description of warrant issued">15% 24 months after the exercise date</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_90A_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--ThirtyMonthMember_zuSC0YPLPLM4" title="Description of warrant issued">15% 30 months after the exercise date</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_907_ecustom--DescriptionOfWarrantIssued_c20260101__20260630__ifrs-full--ComponentsOfEquityAxis__custom--CompensationWarrantsMember__ifrs-full--MaturityAxis__custom--ThirtySixMonthMember_zbMpq0z7vgl4" title="Description of warrant issued">15% 36 months after the exercise date</td></tr></table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

5030000

2120000

68277951

8136847

5729246

2412431

2976520

60141104

48033503

20244448

216738

1715000

4973404

829316

163757

4144088

4545997

427407

100000

294000

28030

265970

5500000

18758889

2258143

632798

16500747

18082472

676418

4672895

34279276

4100807 1429172 30178469 11712347

140000

<p id="xdx_899_ecustom--DisclosureOfSharebasedPaymentArrangementsOptionsOutstandingAndExercisableExplanatory_zcZULpWxz8L9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As at June 30, 2026, the Company had the following options outstanding and exercisable: SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Grant Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Expiry Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Remaining Contractual Life (years)</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Options Outstanding</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Exercisable</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%"><span id="xdx_90F_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhzD5grVOjcj" title="Grant Date">October 30, 2019</td><td style="width: 2%"> </td> <td style="width: 15%"><span id="xdx_901_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zRJNVplV3Ikg" title="Expiry Date">October 30, 2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zPBCBtJloeod" style="width: 13%; text-align: right" title="Exercise Price">62.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zmd3sbm9dPGh" title="Remaining Contractual Life (years)">3.58</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zbCbFZdY5Ane" style="width: 13%; text-align: right" title="Number of Options Outstanding">10,464</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zB5Q8LPwfvUk" style="width: 13%; text-align: right" title="Number of Options Exercisable">10,464</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_908_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1cgjKtFJVDa" title="Grant Date">April 30, 2020</td><td> </td> <td><span id="xdx_906_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z9ySvGEqpeOi" title="Expiry Date">April 30, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zZ2gDag6Hmb1" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zT19leyVePU6" title="Remaining Contractual Life (years)">4.07</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_ztGtd2SkRrD7" style="text-align: right" title="Number of Options Outstanding">160</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z5ip4sOEGLC4" style="text-align: right" title="Number of Options Exercisable">160</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_90D_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zcIN73zqDhad" title="Grant Date">April 30, 2020</td><td> </td> <td><span id="xdx_90F_ecustom--StockOptionsExpiryDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zDlk3emRFiO" title="Expiry Date">April 30, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zraEZhYzul" style="text-align: right" title="Exercise Price">96.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zWduWA3zS68j" title="Remaining Contractual Life (years)">4.07</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zJj1EacO9y22" style="text-align: right" title="Number of Options Outstanding">4,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zse8n7vsKXY" style="text-align: right" title="Number of Options Exercisable">4,400</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zXHGc9MXfrD3" title="Grant Date">November 24, 2020</td><td> </td> <td><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2o9JrFHcoye" title="Expiry Date">November 24, 2030</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z5Ezcs7AIKG7" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zs57wKQLCKRk" title="Remaining Contractual Life (years)">4.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z4fWGG0K16e5" style="text-align: right" title="Number of Options Outstanding">1,280</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzkFQkmGamXc" style="text-align: right" title="Number of Options Exercisable">1,280</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_904_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zA1LfqXx87Ff" title="Grant Date">February 2, 2021</td><td> </td> <td><span id="xdx_90B_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zSKN2IkW0MRb" title="Expiry Date">February 2, 2031</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zY963lXPnSWh" style="text-align: right" title="Exercise Price">330.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuNkXd11CBga" title="Remaining Contractual Life (years)">4.83</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zCh5RWtNvlbd" style="text-align: right" title="Number of Options Outstanding">1,200</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zszS5XhI8og1" style="text-align: right" title="Number of Options Exercisable">1,200</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_90C_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1pY71emOYTg" title="Grant Date">April 27, 2021</td><td> </td> <td><span id="xdx_90D_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zL4VWVwD5cT1" title="Expiry Date">April 27, 2031</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1tBUyoMjrm7" style="text-align: right" title="Exercise Price">253.75</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z4E8MfrbJiw5" title="Remaining Contractual Life (years)">5.06</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zdy1Ji0u3GD1" style="text-align: right" title="Number of Options Outstanding">3,240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zK7YbKoj2que" style="text-align: right" title="Number of Options Exercisable">3,240</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span id="xdx_906_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zTr3X13tgrE5" title="Grant Date">September 9, 2021</td><td> </td> <td><span id="xdx_903_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzFnEP6sOhda" title="Expiry Date">September 9, 2026</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zBLbqz44F2qf" style="text-align: right" title="Exercise Price">121.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zwf5FAW5FyAh" title="Remaining Contractual Life (years)">0.44</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp3ydkhGmit2" style="text-align: right" title="Number of Options Outstanding">1,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zy0CQD2XuCAg" style="text-align: right" title="Number of Options Exercisable">1,034</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span id="xdx_903_ecustom--StockOptionsGrantDate_dd_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2fHBlEMKmib" title="Grant Date">November 9, 2023</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zgJJ6AV8quFb" title="Expiry Date">November 9, 2033</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zamL4rabQPta" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise Price">15.75</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zqyQ6AdAsESb" title="Remaining Contractual Life (years)">7.60</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zVvaZ76V2Q6a" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Outstanding">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zpivRSDXOWz1" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Exercisable">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNnbtXvVXLBf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Outstanding">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zKymKSny2meh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Exercisable">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2019-10-30 2029-10-30

62.50

P3Y6M29D

10464

2020-04-30 2030-04-30

62.50

P4Y25D

160

2020-04-30 2030-04-30

96.25

P4Y25D

4400

2020-11-24 2030-11-24

62.50

P4Y7M20D

1280

2021-02-02 2031-02-02

330.00

P4Y9M29D

1200

2021-04-27 2031-04-27

253.75

P5Y21D

3240

2021-09-09 2026-09-09

121.00

P0Y5M8D

1034

2023-11-09 2033-11-09

15.75

P7Y7M6D

1200

22978

SCHEDULE OF STOCK OPTIONS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Weighted Average Exercise Price</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">31,604</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231_zuMlAdCDu99" style="width: 16%; text-align: right" title="Weighted average exercise price, Beginning Balance">112.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,746</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20250101__20251231_z3hASmLWFN54" style="text-align: right" title="Weighted average exercise price, forfeited">113.55</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20250101__20251231_zYksH3X4Q1Xa" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Expiired">80.00</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Outstanding, December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23,858</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630_zEBlitE5znf9" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Beginning Balance">116.34</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(480</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20260101__20260630_zDa74aQFT9uh" style="text-align: right" title="Weighted average exercise price, forfeited">221.88</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Expired</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(400</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20260101__20260630_zR1uYopdRYZf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, expired">347.50</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">22,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630_zCDIZg1QGZj9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, Ending Balance">110.11</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

31604

112.05

3746

113.55

4000

80.00

23858

116.34

480

221.88

400

347.50

22978

110.11

<p id="xdx_89C_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfRestrictedStockUnitsExplanatory_zg2389fwK0Gb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As at June 30, 2026, the Company had the following RSUs outstanding: SCHEDULE OF CHANGES IN RESTRICTED STOCK UNITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zw4k5CXiceY9" title="Number of RSUs outstanding, Beginning of the period">188,100</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zJTs9Jq14KE6" title="Number of RSUs,Vested">(216,738</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zViHeqYkUnzf" title="Number of RSUs,Issued">450,964</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zgbYuW19jWe5" title="Number of RSUs ,Forfeited">(9,175</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Outstanding, December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zIir3WyqqLpe" title="Number of RSUs outstanding, Beginning of the period">413,151</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Vested</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zUebYOJ0i3Y8" title="Number of RSUs,Vested">(652,584</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_ztkZClMM9EN4" title="Number of RSUs,Issued">2,018,983</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_90A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zG6xX5jadPY3" title="Number of RSUs ,Forfeited">(11,900</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_90F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_ziBnPtPKGwDc" title="Number of RSUs outstanding, Ending of the period">1,767,650</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

188100

216738

450964

9175

413151

652584

2018983

11900

1767650

Each RSU is exercisable into one common share of the Company upon the vesting conditions being met for a period of eighteen months to 3 years from the grant date. 723704 5706818 1295279 2905278 2018983 8612096

vest over 1-3 years

1270113

2699672

423371

3458941

1693484

6158613

423371

representing 25% of the total grant, vested on grant, with the remaining performance RSUs representing 75% of the grant, vesting 25% per anniversary over 3 years

400000000

500000000

1270113

2699672

278018 SCHEDULE OF RESTRICTED STOCK UNITS ESTIMATES <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">As at grant date April 15, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">First Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">Second Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">Third Vest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%; text-align: justify">Starting share price - CAD</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zVtdH5AsG0i2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zBk4YvmJ41Y2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_uCADPShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z9FB5336ufvb" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Starting share price- CAD">8.16</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Volatility</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zoA1nyQoKKnh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zcZ8sIYLJ3x6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zcDc77wsoCV1" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Volatility">137.2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Number of years to vest</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zLRpY7mk9yjh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">0.877</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_z4T877DcgyDc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">1.879</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--WeightedAverageContractualLifeOfOutstandingShareOptionsVested_dtY_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zesR9xSfJFri" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of years to vest">2.879</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interpolated risk free rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zTDsVeMmd6Bb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.54</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zenuIbkReRPe" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.76</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zHxFaJKKjJfc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interpolated risk free rate">2.896</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Value of conversion feature</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zcj4WEIiYh4f" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">1.9166</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zCkWsEWoOQ73" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">4.7156</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePrice2019_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zmlcmFmATgyl" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Value of conversion feature">6.1210</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Number of RSU’s outstanding</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zJ0Zb8qZDhF3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zkxBt19gua9l" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z7OX9hhol9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of RSU's outstanding">423,371</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fair value of RSU’s, pre-vesting adjustment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zffz8tLiD11i" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">811,442</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zvROB1PsLopf" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">1,996,456</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_uShares_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zMvPwSW8ZT7f" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of RSU's pre vesting adjustment">2,591,445</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Probability of performance vesting</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zpNjskqtIi72" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zuk66LVMtD7a" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_ecustom--DescriptionOfExpectedProbabilityOfPerformanceVesting_iI_pid_dp_uPure_c20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_zpQDRy6dH5Ik" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Probability of performance vesting">50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Fair value of RSU’s</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--FirstMilestoneMember_zPYTA2eWf4H8" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">405,721</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--SecondMilestoneMember_zHQZOLdX9bwb" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">998,228</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_ecustom--FairValueOfRestrictedStockUnits_c20260415__20260415__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ThirdMilestoneMember_z6jUr7aqgz14" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair value of restricted stock units">1,295,723</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

8.16

1.372

P0Y10M15D P1Y10M16D P2Y10M16D

0.0254

0.0276

0.02896

1.9166

4.7156

6.1210

423371

811442

1996456

2591445

0.50 0.50 0.50 405721 998228 1295723

25166

205606

4808448

374439

5053133

662307

4530430

4775115

278018 278018 SCHEDULE OF ISSUE DATE FAIR VALUE INPUTS OF WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">February issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2026 issuances</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 16%; text-align: center"><span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zPth4rzRa628" title="Volatility">137.94%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_901_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zEGterxmfvo6" title="Risk free rate">3.45%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_908_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zgKDq6VNkEAa" title="Expected life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z5C47k86k8Oi" title="Expected dividend yield">0%</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">May Issuance</td><td> </td><td> </td> <td colspan="2" style="text-align: center">June Issuance</td><td> </td><td> </td> <td colspan="2" style="text-align: center">July Issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025 issuances</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zx2djTpZBdQe" title="Volatility">122.15%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zlRWS3jMtWOf" title="Volatility">125.42%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: center"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zKq5smw1PJ7j" title="Volatility">131.17%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zEveLGd7TWrc" title="Risk free rate">3.63%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zssExS1yMxn6" title="Risk free rate">3.85%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zDtAq8C34bzg" title="Risk free rate">3.89%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_901_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zvJECzZdhkKe" title="Expected life">3 years</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_903_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zEVypLn9YKol" title="Expected life">3 years</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90B_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zktKqjEDUZib" title="Expected life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90A_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zexlgoifGrr9" title="Expected dividend yield">0%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_z9DQn7aWCrw3" title="Expected dividend yield">0%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zp27sjIo9dJ7" title="Expected dividend yield">0%</td><td style="text-align: left"> </td></tr> </table>

1.3794

0.0345

P3Y

1.2215

1.2542

1.3117

0.0363

0.0385

0.0389

P3Y P3Y P3Y

Warrant Derivative Liability SCHEDULE OF WARRANT DERIVATIVE LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zf6T4nEFFpx1" style="width: 16%; text-align: right" title="Beginning of the period">2,198,121</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--SharesIssuedForExerciseOfBrokerWarrantsOfDerivatives_iN_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zIa6nh1ORhfb" style="text-align: right" title="Warrants exercised">(4,353,939</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrants outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ChangeInFairValueOfWarrantOfDerivativesOutstanding_di_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zbg2lMKd36F2" style="border-bottom: Black 1pt solid; text-align: right" title="Change in fair value of warrants outstanding">2,648,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zUwPAOmvdzaa" style="text-align: right" title="Beginning of the period">492,470</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Pre-funded warrants issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--PrefundedWarrantsIssued_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zYFuqJGe6N0f" style="font-weight: bold; text-align: right" title="Pre-funded warrants issued">20,244,448</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Warrants and pre-funded warrants exercised</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--WarrantsAndPrefundedWarrantsExercised_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zmlQyhvkALnd" style="font-weight: bold; text-align: right" title="Warrants and pre-funded warrants exercised">(19,360,086</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Change in fair value of warrants and pre-funded outstanding</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--ChangeInFairValueOfWarrantsAndPrefundedOutstanding_iN_di_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zOcwuIyPo96k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Change in fair value of warrants and pre-funded outstanding">(1,038,800</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98B_ecustom--CurrentWarrantFairValue_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zKwKYfK8QzO8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Ending of the period">338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2198121 4353939 -2648288 492470 20244448 19360086 1038800 338032 <p id="xdx_89B_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfWarrantsAndTheirFairValuesExplanatory_zn6KMzQzd5N4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Details of these warrants and their fair values are as follows: SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Issue Date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Warrants Outstanding at June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">Fair Value at June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Number of Warrants Outstanding at December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Fair Value at December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Derivative Liability</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 24%">February 26, 2024 (1)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">US$</td><td style="width: 9%; text-align: right"><span id="xdx_904_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uUSDPShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zpopccHIgRSk" title="Exercise price">4.4025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_pid_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zmjbASufM8N" style="width: 12%; text-align: right" title="Number of Warrants Outstanding">60,715</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zN8dCqQBKk38" style="width: 9%; text-align: right" title="Fair Value of warrants">338,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zlISzsBgLcMk" style="width: 13%; text-align: right" title="Number of Warrants Outstanding">61,911</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zMASHQMKOws2" style="width: 13%; text-align: right" title="Fair Value of warrants">492,470</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">February 23, 2026 (2)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zQN7MoVctWv2" title="Exercise price">0.00014</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_z6LZMOoyYJYh" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--CurrentWarrantFairValue_iI_c20260630__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zVRBSm8K3q5e" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zt0uxbMkkGfj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--CurrentWarrantFairValue_iI_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zRUiY7d3T1e1" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630_zltChx0gRoxe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Warrants Outstanding">60,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260630_zhUxA2Iu5PYk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Fair Value of warrants">338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231_zQeUTsHr0BZa" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Warrants Outstanding">61,911</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231_zh8mWA7sBkU3" style="border-bottom: Black 1pt solid; text-align: right" title="Fair Value of warrants">492,470</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 7.35pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">1)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The warrants expire February 26, 2029.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">2)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">These warrants were exercised during the period ended June 30, 2026.</td></tr></table>

4.4025

60715

338032

61911

492470

0.00014

60715

338032

61911

492470 The fair values of the warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Risk free interest rate</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_z4jRKiBxZyZd" title="Risk free interest rate">4.15</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zHOM7lCsUmIi" title="Risk free interest rate">3.55</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected volatility</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zXhrNTEPbu62" title="Expected volatility">134.47</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zIAG6KyOaQj4" title="Expected volatility">139.39</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2.66 years</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.16 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Expected dividend yield</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_908_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zpZCoX0cSVNi" title="Expected dividend yield">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ztQbnGWXzfXb" title="Expected dividend yield">0</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table>

0.0415

0.0355

1.3447

1.3939

P2Y7M28D P3Y1M28D

As at June 30, 2026, the Company had the following warrants outstanding: SCHEDULE OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Date issued</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Expiry date</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise price</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of warrants outstanding</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%">October 30, 2023</td><td style="width: 2%"> </td> <td style="width: 28%">October 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">23.20</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zCLlLLIHTSt3" style="width: 18%; text-align: right" title="Number of warrants outstanding">12,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>February 26, 2024</td><td> </td> <td>February 26, 2029</td><td> </td> <td style="text-align: left">US$</td><td style="text-align: right">4.4025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zD5BfCvua12b" style="text-align: right" title="Number of warrants outstanding">60,715</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>May 5, 2025</td><td> </td> <td>May 5, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.9779</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zQDe6k3o3amk" style="text-align: right" title="Number of warrants outstanding">7,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>June 12, 2025</td><td> </td> <td>June 12, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">5.0768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZ7L1NYn9Vba" style="text-align: right" title="Number of warrants outstanding">1,014,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>July 21, 2025</td><td> </td> <td>July 21, 2030</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7.3579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zMAt6ed9Qktg" style="text-align: right" title="Number of warrants outstanding">3,495,732</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">February 23, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">February 23, 2029</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td style="padding-bottom: 1pt; text-align: right">11.9744</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_z3VihXlqzc3e" style="padding-bottom: 1pt; text-align: right" title="Number of warrants outstanding">357,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">June 9, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">June 9, 2027</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td style="padding-bottom: 1pt; text-align: right">0.00</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_986_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSevenMember_zAYBNjzgmfA2" style="padding-bottom: 1pt; text-align: right" title="Number of warrants outstanding">386,670</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">June 9, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt">June 9, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0.00</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantEightMember_zfi56fH30LH1" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants outstanding">309,336</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260630__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zPf28muJFRL5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of warrants outstanding">5,644,753</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2023-10-30 2026-10-30 23.20 12800 2024-02-26 2029-02-26 4.4025 60715 2025-05-05 2030-05-05 3.9779 7500 2025-06-12 2030-06-12 5.0768 1014500 2025-07-21 2030-07-21 7.3579 3495732 2026-02-23 2029-02-23 11.9744 357500 2026-06-09 2027-06-09 0.00 386670 2026-06-09 2028-06-09 0.00 309336 5644753

P3Y7M6D

P4Y6M

2500000 386670

1500000

2500000 309336 2000000 2143389 on grant date using a discount for lack of marketability as 90% of the shares will be released from escrow over a period of three years from the date of conversion.

115767

2236343 576322 1660021 on grant date using a discount for lack of marketability as 90% of the shares will be released from escrow over a period of three years from the date of conversion. 90% of the shares will be placed 15% 6 months after the exercise date 15% 12 months after the exercise date 15% 18 months after the exercise date 15% 24 months after the exercise date 15% 30 months after the exercise date 15% 36 months after the exercise date

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">15.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SEGMENTED INFORMATION</td></tr></table> As at and for the three months ended June 30, 2026 the Company operates in 2 reportable segments (as at and for the year ended December 21, 2025 – 2). The Company organizes its two segments based on its product line as well as a corporate segment. The two segments are Drones and Corporate. The Drones segment derives its revenue from products and services related to the sale of unmanned aerial vehicles (UAV) while the Corporate segment includes all costs not directly associated with the Drone segment. The Company aggregates the information for the segments by analyzing the revenue stream and allocating direct costs to that respective segment. The Corporate segment is aggregated by relying on the entity that includes corporate costs (Draganfly Inc.). Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The board of the Company relies on executive management which assesses the financial performance and position of the group and makes strategic decisions. Executive management, which has been identified as being the chief operating decision maker, consists of the chief executive officer, chief operating officer and chief financial officer. SCHEDULE OF SEGMENTED INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 85%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2026</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20260101__20260630__ifrs-full--SegmentsAxis__custom--DronesMember_zmbjifLHBWA8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260101__20260630__ifrs-full--SegmentsAxis__custom--CorporatesMember_zUIhqyHrNG08" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260101__20260630_zlCNZ01wFim2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zYNtftTCDni3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">4,792,509</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">4,792,509</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zh4Vt9emNZB4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,081</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,081</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zOPdux6KuVRk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zxRR4HNRl3U7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss (income)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,251,589</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,135,340</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,386,929</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zbRCe6UBYyLa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,819,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,819,740</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zpueQ4ZpO7d7" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">261,685</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,432</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263,117</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_z5DPlcaqi56l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,611</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,611</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zXbrXkgYjvAb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,038,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,038,800</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zo2qdVkVonx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--RecoveryOfWriteDownOfInventory_zjnWbtoWughc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss on write down of inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,503</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,503</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zHQ1li5jLk6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,486,128</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,175,572</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,661,700</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 85%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2025</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250630__ifrs-full--SegmentsAxis__custom--DronesMember_zoEOAK9Kfgrj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20250630__ifrs-full--SegmentsAxis__custom--CorporatesMember_z18QZtmgbndl" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">Corporate</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250630_zBCRm0Mgd7l2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zYLwK90n8qg6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">3,443,396</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">3,443,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zDjxzHleLqi9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219,574</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219,574</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zQnwaKkxzuNk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zsUulSF7g8Zh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss (income)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,301,973</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,704,091</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,006,064</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zkhmHULQeGTa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,494</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,494</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zujybBDkVXz8" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">142,374</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,090</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">148,464</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_zczdE8IOnI91" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,514</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,514</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zJh2Xa6UGC86" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,489</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,489</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zgohFLBOb942" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,185</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,185</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--RecoveryOfWriteDownOfInventory_zshpkT8NFFY8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss on write down of inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,246</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zVjnvIa1Bn5k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,465,109</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,721,877</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,186,986</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">15.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SEGMENTED INFORMATION (CONT’D)</td></tr></table> SCHEDULE OF GEOGRAPHIC REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260630_zDSMHrSU34V7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zLwOJ1DVUlB9" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630__ifrs-full--GeographicalAreasAxis__custom--CAMember_zpvW4QvL2bxg" style="width: 16%; font-weight: bold; text-align: right">1,280,392</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--CAMember_zxusp2u9fB46" style="width: 16%; text-align: right">980,758</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_z5xUGhE5c9Ta" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,619,662</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_zFJWOFGyHJJh" style="border-bottom: Black 1pt solid; text-align: right">548,473</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_984_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630_zgHm8yicsiQh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets">4,900,054</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231_zB14Z2YkBJd6" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">1,529,231</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260401__20260630_zXxwI2u0hNv" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250401__20250630_zingLQ59kZv2" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260101__20260630_zPCGvCmfxoVl" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250630_zQWVs15IMTwj" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40A_eifrs-full--RevenueAbstract_iB_zZL7LfcEmISb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--CAMember_z5r7Oa5HlI6e" style="vertical-align: bottom; background-color: White"> <td style="width: 36%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,593,318</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,111,751</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">4,901,693</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">3,655,834</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--USCountryMember_zCprRrWfasJl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">70,919</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,504</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74,897</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,136</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_i01_zqRMmhsnSVJi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,664,237</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2,115,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

2 2

SCHEDULE OF SEGMENTED INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 85%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2026</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20260101__20260630__ifrs-full--SegmentsAxis__custom--DronesMember_zmbjifLHBWA8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260101__20260630__ifrs-full--SegmentsAxis__custom--CorporatesMember_zUIhqyHrNG08" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260101__20260630_zlCNZ01wFim2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zYNtftTCDni3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">4,792,509</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">4,792,509</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zh4Vt9emNZB4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,081</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,081</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zOPdux6KuVRk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zxRR4HNRl3U7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss (income)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,251,589</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,135,340</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,386,929</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zbRCe6UBYyLa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,819,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,819,740</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zpueQ4ZpO7d7" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">261,685</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,432</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263,117</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_z5DPlcaqi56l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,611</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,611</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zXbrXkgYjvAb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,038,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,038,800</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zo2qdVkVonx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--RecoveryOfWriteDownOfInventory_zjnWbtoWughc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss on write down of inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,503</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,503</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zHQ1li5jLk6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,486,128</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,175,572</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,661,700</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 85%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2025</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250630__ifrs-full--SegmentsAxis__custom--DronesMember_zoEOAK9Kfgrj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20250630__ifrs-full--SegmentsAxis__custom--CorporatesMember_z18QZtmgbndl" style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold">Corporate</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250630_zBCRm0Mgd7l2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zYLwK90n8qg6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">3,443,396</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">3,443,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zDjxzHleLqi9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219,574</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219,574</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zQnwaKkxzuNk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zsUulSF7g8Zh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss (income)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,301,973</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,704,091</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,006,064</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zkhmHULQeGTa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,494</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,494</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zujybBDkVXz8" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">142,374</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,090</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">148,464</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_zczdE8IOnI91" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,514</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,514</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zJh2Xa6UGC86" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,489</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,489</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zgohFLBOb942" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,185</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,185</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--RecoveryOfWriteDownOfInventory_zshpkT8NFFY8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss on write down of inventory</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,246</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zVjnvIa1Bn5k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,465,109</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,721,877</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,186,986</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

4792509

184081

4976590

-3251589 -11135340 -14386929

1819740

261685

1432

263117

3611

1038800

149503 149503

-5486128

-12175572

-17661700

3443396

219574

3662970

-4301973 -3704091 -8006064

44494

142374

6090

148464

4514

-22489

34185 34185 -28246 -28246

-4465109

-3721877

-8186986

SCHEDULE OF GEOGRAPHIC REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260630_zDSMHrSU34V7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zLwOJ1DVUlB9" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630__ifrs-full--GeographicalAreasAxis__custom--CAMember_zpvW4QvL2bxg" style="width: 16%; font-weight: bold; text-align: right">1,280,392</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--CAMember_zxusp2u9fB46" style="width: 16%; text-align: right">980,758</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_z5xUGhE5c9Ta" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,619,662</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_zFJWOFGyHJJh" style="border-bottom: Black 1pt solid; text-align: right">548,473</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_984_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260630_zgHm8yicsiQh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets">4,900,054</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231_zB14Z2YkBJd6" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">1,529,231</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260401__20260630_zXxwI2u0hNv" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250401__20250630_zingLQ59kZv2" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260101__20260630_zPCGvCmfxoVl" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250630_zQWVs15IMTwj" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40A_eifrs-full--RevenueAbstract_iB_zZL7LfcEmISb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--CAMember_z5r7Oa5HlI6e" style="vertical-align: bottom; background-color: White"> <td style="width: 36%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,593,318</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,111,751</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">4,901,693</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">3,655,834</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--USCountryMember_zCprRrWfasJl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">70,919</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,504</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74,897</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,136</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_i01_zqRMmhsnSVJi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,664,237</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2,115,255</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,976,590</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,662,970</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

1280392

980758

3619662

548473

4900054

1529231

2593318

2111751

4901693

3655834

70919

3504

74897

7136

2664237

2115255

4976590

3662970

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">16.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">OFFICE AND MISCELLANEOUS</td></tr></table> SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260401__20260630_zlBf3EHtqsO8" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zxMwbIoQ1kNf" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zeTVew3OdNt7" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250630_z7bdzLFJxjAj" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_eifrs-full--AdvertisingExpense_maMOOEzdlr_zOdugQHantNb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Advertising, Marketing, and Investor Relations</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">908,684</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">322,381</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">1,436,898</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">546,366</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--ComplianceFees_maMOOEzdlr_zJ10t2DHvbNb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Compliance fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">186,944</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263,170</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">302,575</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">298,953</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--BusinessDevelopmentExpenses_maMOOEzdlr_zhN3SvU8mSW1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Business development</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">966,385</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,693</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,538,974</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">292,558</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--GeneralFreight_maMOOEzdlr_z3E20QZIqCea" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General freight</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">117,981</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,132</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">236,808</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,741</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--SubscriptionMembershipItSupport_maMOOEzdlr_zGBv4f7iseob" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Subscription, membership & IT support</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">254,741</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,594</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">436,922</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,738</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--RentExpenses_maMOOEzdlr_zP6IhJcGzV9b" style="vertical-align: bottom; background-color: White"> <td>Rent</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">92,237</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,525</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">144,144</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--ShopSupplies_maMOOEzdlr_z2UFoe2yD1p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Shop Supplies</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">131,041</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,333</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">305,103</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,540</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GeneralOffice_maMOOEzdlr_zwkZzm7FMKr5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General office</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">263,314</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">87,676</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">406,011</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">192,966</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--MiscellaneousOtherOperatingExpense_iT_pp0p0_mtMOOEzdlr_zgKET0ZwqJIc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Office and Miscellaneous Expenses</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,921,327</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,158,504</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,807,435</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,879,161</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260401__20260630_zlBf3EHtqsO8" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zxMwbIoQ1kNf" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zeTVew3OdNt7" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250630_z7bdzLFJxjAj" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_eifrs-full--AdvertisingExpense_maMOOEzdlr_zOdugQHantNb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Advertising, Marketing, and Investor Relations</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">908,684</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">322,381</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">1,436,898</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">546,366</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--ComplianceFees_maMOOEzdlr_zJ10t2DHvbNb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Compliance fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">186,944</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263,170</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">302,575</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">298,953</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--BusinessDevelopmentExpenses_maMOOEzdlr_zhN3SvU8mSW1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Business development</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">966,385</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,693</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,538,974</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">292,558</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--GeneralFreight_maMOOEzdlr_z3E20QZIqCea" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General freight</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">117,981</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,132</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">236,808</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,741</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--SubscriptionMembershipItSupport_maMOOEzdlr_zGBv4f7iseob" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Subscription, membership & IT support</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">254,741</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,594</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">436,922</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,738</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--RentExpenses_maMOOEzdlr_zP6IhJcGzV9b" style="vertical-align: bottom; background-color: White"> <td>Rent</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">92,237</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,525</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">144,144</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--ShopSupplies_maMOOEzdlr_z2UFoe2yD1p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Shop Supplies</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">131,041</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,333</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">305,103</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,540</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GeneralOffice_maMOOEzdlr_zwkZzm7FMKr5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General office</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">263,314</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">87,676</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">406,011</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">192,966</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--MiscellaneousOtherOperatingExpense_iT_pp0p0_mtMOOEzdlr_zgKET0ZwqJIc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Office and Miscellaneous Expenses</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,921,327</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,158,504</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,807,435</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,879,161</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

908684

322381

1436898

546366

186944 263170 302575 298953 966385 141693 1538974 292558 117981 120132 236808 196741 254741 163594 436922 237738 92237 24525 144144 60299 131041 35333 305103 53540 263314 87676 406011 192966

2921327

1158504

4807435

1879161

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">17.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">OTHER EXPENSE</td></tr></table> SCHEDULE OF OTHER EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260401__20260630_zAdEpUPFMNC1" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zVNBWIbiea88" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zfCFmqWAjo4f" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250630_z6UuhaFHKAr3" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_404_ecustom--ShareIssueRelatedCosts_maOIEz0Ic_z2hwSJb2SBlh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%">Share issue costs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,066</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,414,497</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--WriteOffOfAccountsPayableReceivable_maOIEz0Ic_zJGUn5i69JE" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Write off of accounts (payable) receivable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(60,712</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,140</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(45,496</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,614</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherExpense_maOIEz0Ic_zSxqO4RSoZwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,813</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,796</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,012</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,820</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--OtherIncomeExpenses_iT_mtOIEz0Ic_zZze2f5Btbo1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Total Other expenses</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(60,459</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">43,344</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,366,989</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">67,794</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table>

SCHEDULE OF OTHER EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260401__20260630_zAdEpUPFMNC1" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zVNBWIbiea88" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zfCFmqWAjo4f" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250630_z6UuhaFHKAr3" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_404_ecustom--ShareIssueRelatedCosts_maOIEz0Ic_z2hwSJb2SBlh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%">Share issue costs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,066</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">2,414,497</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--WriteOffOfAccountsPayableReceivable_maOIEz0Ic_zJGUn5i69JE" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Write off of accounts (payable) receivable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(60,712</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,140</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(45,496</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,614</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherExpense_maOIEz0Ic_zSxqO4RSoZwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,813</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,796</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,012</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,820</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--OtherIncomeExpenses_iT_mtOIEz0Ic_zZze2f5Btbo1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Total Other expenses</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(60,459</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">43,344</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,366,989</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">67,794</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 2066 2414497 -60712 47140 -45496 71614 -1813 -3796 -2012 -3820 -60459 43344 2366989 67794

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">18.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">RELATED PARTY TRANSACTIONS</td></tr></table> On August 1, 2019, the Company entered in a business services agreement (the “Agreement”) with Business Instincts Group (“BIG”), a company that Cameron Chell, CEO and director has a material interest in that he previously controlled, to provide: corporate development and governance, strategic facilitation and management, general business services, office space, corporate business development video content, website redesign and management, and online visibility management. The services are provided by a team of consultants and the costs of all charges are based on the fees set in the Agreement. For the three and six months ended June 30, 2026, the Company incurred fees of $<span id="xdx_90B_eifrs-full--ProfessionalFeesExpense_c20260401__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zROogcczvCzk" title="Professional fees">182,993 (2025 - $<span id="xdx_904_eifrs-full--ProfessionalFeesExpense_c20250401__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zND5DsXstTr6" title="Professional fees">85,395) and $<span id="xdx_90B_eifrs-full--ProfessionalFeesExpense_c20260101__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zlC8j0faHk38" title="Professional fees">282,570 (2025 - $<span id="xdx_90D_eifrs-full--ProfessionalFeesExpense_c20250101__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zOpnukVBPgm1" title="Professional fees">165,345) respectively. As at June 30, 2026, the Company was indebted to this company in the amount of $<span id="xdx_90B_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zQtKkDfH4Pbb" title="Indebted amount">50,056 (2025 - $<span id="xdx_90E_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zTg3Hc42c4s1" title="Indebted amount::XDX::-">nil). On October 1, 2019, the Company entered into an independent consultant agreement (“Consultant Agreement”) with 1502372 Alberta Ltd, a company controlled by Cameron Chell, CEO and director, to provide executive consulting services to the Company. The costs of all charges are based on the fees set in the Consultant Agreement. For the three and six months ended June 30, 2026, the Company incurred fees of $<span id="xdx_904_eifrs-full--ProfessionalFeesExpense_c20260401__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zseEyC5CJwJ4" title="Incurred fees">291,842 (2025 - $<span id="xdx_901_eifrs-full--ProfessionalFeesExpense_c20250401__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_z2ZIMhoGnn89" title="Incurred fees">310,192) and $<span id="xdx_907_eifrs-full--ProfessionalFeesExpense_c20260101__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zr2dzC9D1bWd" title="Incurred fees">447,035 (2025 - $<span id="xdx_90D_eifrs-full--ProfessionalFeesExpense_c20250101__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zRteWmFFys4h" title="Incurred fees">414,419) respectively. As at June 30, 2026, the Company was indebted to this company in the amount of $<span id="xdx_902_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zpAyzwmkrJ41" title="Indebted amount::XDX::-">nil (2025 - $<span id="xdx_904_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zKQ1cDFmpcsj" title="Indebted amount::XDX::-">nil). On July 3, 2020, the Company entered into an executive consultant agreement (“Executive Agreement”) with Scott Larson, a director of the Company, to provide executive consulting services, as President, to the Company. On May 2, 2022, the Company and entered into an agreement with Scott Larson, a director, to provide executive consulting services to the Company and all fees are set in the consulting agreement. For the three and six months ended June 30, 2026, the Company incurred fees of $<span id="xdx_90E_eifrs-full--ProfessionalFeesExpense_dxL_c20260401__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zvLq0zyExmI" title="Incurred fees::XDX::-">nil (2025 - $<span id="xdx_906_eifrs-full--ProfessionalFeesExpense_c20250401__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_znFhjzEZZ7Kh" title="Incurred fees">36,597) and $<span id="xdx_903_eifrs-full--ProfessionalFeesExpense_c20260101__20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zdRviLf8rxGf" title="Incurred fees">61,666 (2025 - $<span id="xdx_909_eifrs-full--ProfessionalFeesExpense_c20250101__20250630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zCE4vg2rpEOf" title="Incurred fees">39,458). As at June 30, 2026, the Company was indebted to this company in the amount of $<span id="xdx_909_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20260630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zTH36knA9Ul2" title="Indebted amount::XDX::-">nil (2024 - $<span id="xdx_904_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20240630__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zcDedIt1mMVl" title="Indebted amount">9,000). As of January 19, 2026 the contract for consulting services was terminated and as of June 2, 2026 Scott stepped down as a director of Draganfly. For the three and six months ended June, 2026 and 2025 salary and commissions were paid to family members of key management. In addition, during 2025, one family member was paid as a contractor prior to becoming an employee. The amounts paid were $76,795 and $235,672 (2025 - $19,053). Trade receivables/payables and accrued receivables/payables: As at June 30, 2026, the Company had $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJFTEFURUQgUEFSVFkgVFJBTlNBQ1RJT05TIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_904_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20260630_z8yvFTMEuBgk" title="Payable to related parties">202,773 (2025 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJFTEFURUQgUEFSVFkgVFJBTlNBQ1RJT05TIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_909_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20250630_zr3LlHGPPJm5" title="Payable to related parties">80,212) payable to related parties that was included in accounts payable. The balances outstanding are unsecured, non-interest bearing and due on demand. Key management compensation Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the three and six months ended June 30, 2026 and 2025 included: SCHEDULE OF KEY COMPENSATION AWARDS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260401__20260630_z7QaRl3QhyNb" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250401__20250630_z9uN06k7VDhk" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zVTa4SD0kyyg" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20250630_zqMkCKSqMf7d" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--KeyManagementPersonnelCompensationDirectorFees_maKMPCzUDQ_z3Xnv5AJhCab" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Director fees</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">152,717</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">139,187</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">272,215</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">271,838</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--KeyManagementPersonnelCompensationSalaries_maKMPCzUDQ_zWA18OpniU2e" style="vertical-align: bottom; background-color: White"> <td>Salaries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">472,432</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,746</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">844,340</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455,256</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzUDQ_znqqwQLJSdM6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,334,263</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">205,363</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,484,623</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">399,563</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--KeyManagementPersonnelCompensation_iT_pp0p0_mtKMPCzUDQ_zof5f6vE46Ca" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,959,412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">582,296</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,601,178</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,126,657</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">18.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">RELATED PARTY TRANSACTIONS (CONT’D)</td></tr></table> Other related party transactions SCHEDULE OF KEY MANAGEMENT TRANSACTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260401__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zL6twPF5Ygrf" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zGLrJB6bjwg1" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zRgXpEEfI46a" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zahpBNn9ENJ5" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOAndDirectorMember_zAGXzYdEsCoh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Management fees paid to a company controlled by CEO and director</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">291,842</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">85,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">447,035</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">178,679</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOMember_ztzZJ3260Jz3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Management fees paid to a company that the CEO holds an economic interest in</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">182,993</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">306,425</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">282,570</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">410,651</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--SalaryAndCommissionMember_zysLH4bDwUc5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Salary and commission paid to family of key management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">82,082</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,944</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">158,877</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,592</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_z0YciIGsjeVa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Management fees paid to a company controlled by a director</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,597</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,666</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,458</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_zPkiauk458y4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Management fees paid to a company, total </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">556,917</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">498,361</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">950,148</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">750,380</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

182993

85395

282570

165345

50056

291842

310192

447035

414419

36597

61666

39458

9000

76795 235672 19053 19053

202773

80212

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the three and six months ended June 30, 2026 and 2025 included: SCHEDULE OF KEY COMPENSATION AWARDS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260401__20260630_z7QaRl3QhyNb" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250401__20250630_z9uN06k7VDhk" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630_zVTa4SD0kyyg" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20250630_zqMkCKSqMf7d" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--KeyManagementPersonnelCompensationDirectorFees_maKMPCzUDQ_z3Xnv5AJhCab" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Director fees</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">152,717</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">139,187</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">272,215</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">271,838</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--KeyManagementPersonnelCompensationSalaries_maKMPCzUDQ_zWA18OpniU2e" style="vertical-align: bottom; background-color: White"> <td>Salaries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">472,432</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,746</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">844,340</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455,256</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzUDQ_znqqwQLJSdM6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,334,263</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">205,363</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,484,623</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">399,563</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--KeyManagementPersonnelCompensation_iT_pp0p0_mtKMPCzUDQ_zof5f6vE46Ca" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,959,412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">582,296</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,601,178</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,126,657</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

152717 139187 272215 271838 472432 237746 844340 455256

4334263

205363

4484623

399563

4959412

582296

5601178

1126657

Other related party transactions SCHEDULE OF KEY MANAGEMENT TRANSACTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: right"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260401__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zL6twPF5Ygrf" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250401__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zGLrJB6bjwg1" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td><td style="display: none; text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zRgXpEEfI46a" style="border-bottom: Black 1pt solid; display: none; font-weight: bold; text-align: right">2026</td><td style="display: none; text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zahpBNn9ENJ5" style="border-bottom: Black 1pt solid; display: none; text-align: right">2025</td><td style="display: none; text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the six months ended June 30,</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOAndDirectorMember_zAGXzYdEsCoh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Management fees paid to a company controlled by CEO and director</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">291,842</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">85,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 12%; font-weight: bold; text-align: right">447,035</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">178,679</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOMember_ztzZJ3260Jz3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Management fees paid to a company that the CEO holds an economic interest in</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">182,993</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">306,425</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">282,570</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">410,651</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--SalaryAndCommissionMember_zysLH4bDwUc5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Salary and commission paid to family of key management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">82,082</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,944</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">158,877</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,592</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_z0YciIGsjeVa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Management fees paid to a company controlled by a director</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,597</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61,666</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,458</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_zPkiauk458y4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Management fees paid to a company, total </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">556,917</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">498,361</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">950,148</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">750,380</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

291842

85395

447035

178679

182993

306425

282570

410651

82082

69944

158877

121592

36597

61666

39458

556917

498361

950148

750380

<p id="xdx_80A_eifrs-full--DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_zlnJi0M2cWnk" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">19.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT</td></tr></table> The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit risk Credit risk is the risk that of an unexpected loss if a customer or third party fails to meet its contractual obligations. The Company is subject to credit risk on its cash and receivables. The Company limits its exposure to credit loss on cash by placing its cash with a high-quality financial institution. The Company performs credit evaluations of its customers to reduce the credit risk of receivable balances. Receivables Receivables primarily consist of trade receivables, accrued receivables and taxes receivable. The Corporation’s exposure to credit risk is associated with trade receivables and the potential risk that any customer is unable to pay amounts due. Allowances for doubtful accounts and bad debts are estimated as at the balance sheet date. The amounts reported for trade receivables on the balance sheet are net of allowances for doubtful accounts and the net carrying value represents the Corporation’s maximum exposure to credit risk. Management reviews past due trade receivables balances on a continuous basis to monitor potential credit risks. Accounts are considered for impairment on a case-by-case basis when they are past due or when objective evidence is received that a customer may default. A number of factors are considered in determining the likelihood of impairment. All bad debt write-offs and changes in the doubtful trade receivables reserve are expensed or credited, as applicable, to selling expenses in the condensed consolidated interim statement of comprehensive loss. Draganfly believes that credit risk associated with its trade receivables is limited for the following reasons: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0.05pt; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Trade receivables balances are spread amongst a broad customer base;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The aging profile of trade receivables balances is systematically monitored by management; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Payments for larger orders are requested at least partially in advance of products being shipped</td></tr></table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">19.</td> <td style="text-align: justify">FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (CONT’D)</td></tr> </table> Foreign exchange risk Foreign currency risk is the risk that the fair values of future cash flows of a financial instrument will fluctuate because they are denominated in currencies that differ from the respective functional currency. The Company does not hedge its exposure to fluctuations in foreign exchange rates. The following table summarizes the sensitivity of the fair value of the Company’s risk to foreign exchange rates, with all other variables held constant. Fluctuations of 10 percent in the foreign exchange rate between US dollars and Canadian dollars could have resulted in a change impacting net loss upon consolidation as follows: SCHEDULE OF FOREIGN EXCHANGE RISK <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2026</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in currency</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Effect on after tax loss</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in currency</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Effect on after tax loss</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Net monetary assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20260630_zqXdHryI0Zj7" style="width: 6%; text-align: right" title="Non monetary assets">89,418,825</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260630_zTBG0C0ZsqBk" style="width: 6%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20260101__20260630_zduDhATRwCxj" style="width: 6%; text-align: right" title="Net monetary assets Effect on after tax loss">12,550,215</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20250630_zQC03nkFPep2" style="width: 6%; text-align: right" title="Non monetary assets">16,512,887</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250630_z5ggLcRPOMC1" style="width: 6%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20250101__20250630_zBUlhxZqId15" style="width: 6%; text-align: right" title="Net monetary assets Effect on after tax loss">2,267,191</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net monetary liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20260630_ztiIYW7Y8v5" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(294,946</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260630_zadRoePLeGc5" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20260101__20260630_zS71ZD96eLl6" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(41,912</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20250630_z5gTMTTIvDpf" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(212,622</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250630_zAMd2Ae1d8Ok" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20250101__20250630_z59mQo0eC6Z3" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(29,008</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> Fair value A number of the Company’s accounting policies and disclosures require the measurement of fair values for financial assets and liabilities. The Company has established a control framework with respect to the measurement of fair values. Fair values are categorized into different levels of a fair value hierarchy based on the inputs used in the valuation techniques as follows: Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. Cash, equity securities in investee companies and warrants are measured at fair value. The financial assets and liabilities measured at fair value by hierarchy are shown in the table below. The amounts shown are based on the amounts recognized in the condensed consolidated interim statements of financial position. These financial assets and liabilities are measured at fair value through profit and loss. <p id="xdx_893_eifrs-full--DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_zi0JICOtSGog" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Level 1</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Level 3</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--Cash_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zsc1SdSB9YG" style="width: 14%; text-align: right" title="Cash">131,908,197</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--Cash_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zEQgBH2ohMVg" style="width: 14%; text-align: right" title="Cash">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eifrs-full--Cash_iI_c20260630_zEAsS3c6cFp6" style="width: 14%; text-align: right" title="Cash">131,908,197</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z2M4sX3wSTsi" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zfFqOJ7bzKM9" style="text-align: right" title="Equity securities in investee companies">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630_zugAX9T3GXmj" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zQXxsUu3nZw4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative liability">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z2h4epnShOYa" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(338,032</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630_zWJeQ3vd1gI4" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(338,032</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zd6KwFE8zJm8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">131,936,768</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zFIEkGUHVqn7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">) </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630_zgHjKl0PGgKb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">131,598,736</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">December 31, 2025</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 1</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 3</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zom9CqLHTIse" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zIPUthl8rYle" style="width: 14%; text-align: right" title="Cash">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Cash_iI_c20251231_zC37wFhZAcXg" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zEIAThVCRZ6g" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zz3GMV9dKlf9" style="text-align: right" title="Equity securities in investee companies">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231_zfBkw1bmhJr" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_ztbDJCraEVV8" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zi4VGXofwsI3" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231_zH8msqN5UQBh" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zRtr82fB1YJ9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">90,228,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zKPfHRjgJJ66" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231_zmBFVsDP96L7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">89,735,780</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; text-align: justify">Draganfly Inc. Notes to the Condensed Consolidated Interim Financial Statements For the Three and Six Months Ended June 30, 2026 Expressed in Canadian Dollars (unaudited)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">19.</td> <td style="text-align: justify">FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (CONT’D)</td></tr> </table> The following table shows the valuation techniques used in measuring Level 3 fair values for the derivative liability as well as the significant unobservable inputs used. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 16%; vertical-align: bottom">Type</td> <td style="text-align: left; width: 2%; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 18%; vertical-align: bottom">Valuation technique</td> <td style="text-align: left; width: 2%; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 22%; vertical-align: bottom">Key inputs</td> <td style="text-align: left; width: 2%; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 38%; vertical-align: bottom">Inter-relationship between significant inputs and fair value measurement</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">Warrant derivative liability</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif">The fair value of the warrants derivative liability at initial recognition and at year end has been calculated using the Black Scholes Option Pricing Model</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif">Key observable inputs ● Share price ● Risk free interest rate ● Dividend yield Key unobservable inputs ● Expected volatility</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif">The estimated fair value would increase (decrease) if: ● The price was higher (lower) ● The risk-free rate was higher (lower) ● The dividend yield was lower (higher) ● The expected volatility was higher (lower)</td></tr> </table> <p id="xdx_892_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_zaV4iQR3kLQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects: SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Unobservable Inputs</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Impact on comprehensive loss</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six months ended June 30, 2026</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; padding-bottom: 1pt">Volatility</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right"><span id="xdx_908_ecustom--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedPercentage_dp_c20260101__20260630__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zyBn8gBqL6c2" title="Change">20</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">%</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20260101__20260630__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_z04t9FT4FSf5" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Impact on comprehensive loss">13,144</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20250101__20251231__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zKKfzlRtfeYj" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Impact on comprehensive loss">25,437</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

SCHEDULE OF FOREIGN EXCHANGE RISK <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2026</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right">June 30, 2025</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in currency</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Effect on after tax loss</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in currency</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Effect on after tax loss</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Net monetary assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20260630_zqXdHryI0Zj7" style="width: 6%; text-align: right" title="Non monetary assets">89,418,825</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260630_zTBG0C0ZsqBk" style="width: 6%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20260101__20260630_zduDhATRwCxj" style="width: 6%; text-align: right" title="Net monetary assets Effect on after tax loss">12,550,215</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20250630_zQC03nkFPep2" style="width: 6%; text-align: right" title="Non monetary assets">16,512,887</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250630_z5ggLcRPOMC1" style="width: 6%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20250101__20250630_zBUlhxZqId15" style="width: 6%; text-align: right" title="Net monetary assets Effect on after tax loss">2,267,191</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net monetary liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20260630_ztiIYW7Y8v5" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(294,946</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260630_zadRoePLeGc5" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20260101__20260630_zS71ZD96eLl6" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(41,912</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20250630_z5gTMTTIvDpf" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(212,622</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250630_zAMd2Ae1d8Ok" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20250101__20250630_z59mQo0eC6Z3" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(29,008</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table>

89418825

0.10

12550215

16512887

0.10

2267191

294946

0.10 41912

212622

0.10 29008

<p id="xdx_893_eifrs-full--DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_zi0JICOtSGog" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">June 30, 2026</td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Level 1</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Level 3</td><td style="text-align: right; padding-bottom: 1pt"> </td><td style="text-align: right; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--Cash_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zsc1SdSB9YG" style="width: 14%; text-align: right" title="Cash">131,908,197</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--Cash_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zEQgBH2ohMVg" style="width: 14%; text-align: right" title="Cash">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eifrs-full--Cash_iI_c20260630_zEAsS3c6cFp6" style="width: 14%; text-align: right" title="Cash">131,908,197</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z2M4sX3wSTsi" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zfFqOJ7bzKM9" style="text-align: right" title="Equity securities in investee companies">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260630_zugAX9T3GXmj" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zQXxsUu3nZw4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative liability">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z2h4epnShOYa" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(338,032</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260630_zWJeQ3vd1gI4" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(338,032</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zd6KwFE8zJm8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">131,936,768</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zFIEkGUHVqn7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(338,032</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">) </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260630_zgHjKl0PGgKb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">131,598,736</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">December 31, 2025</td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 1</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 3</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: right; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="text-align: right; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zom9CqLHTIse" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zIPUthl8rYle" style="width: 14%; text-align: right" title="Cash">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Cash_iI_c20251231_zC37wFhZAcXg" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zEIAThVCRZ6g" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zz3GMV9dKlf9" style="text-align: right" title="Equity securities in investee companies">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231_zfBkw1bmhJr" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_ztbDJCraEVV8" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zi4VGXofwsI3" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231_zH8msqN5UQBh" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zRtr82fB1YJ9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">90,228,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zKPfHRjgJJ66" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231_zmBFVsDP96L7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">89,735,780</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

131908197

28571 28571 -338032 338032

131936768

338032

131598736

90156821

71429 71429 -492470 -492470

90228250

492470

89735780

<p id="xdx_892_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_zaV4iQR3kLQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects: SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Unobservable Inputs</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Impact on comprehensive loss</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six months ended June 30, 2026</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; padding-bottom: 1pt">Volatility</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right"><span id="xdx_908_ecustom--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedPercentage_dp_c20260101__20260630__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zyBn8gBqL6c2" title="Change">20</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">%</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20260101__20260630__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_z04t9FT4FSf5" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Impact on comprehensive loss">13,144</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20250101__20251231__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zKKfzlRtfeYj" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Impact on comprehensive loss">25,437</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

0.20

13144

25437

The warrants expire February 26, 2029. These warrants were exercised during the period ended June 30, 2026.