(TheNewswire)

Toronto, Ontario – TheNewswire - September 29, 2025 – Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), an emerging leader in the delivery of fuel-free clean power solutions, announces its financial results for the fiscal year ending May 31, 2025. The Annual Financial Statements, Management Discussion and Analysis and financial certifications have been filed on SEDAR+ and can be viewed on the Company’s investor website at https://investhps.com/ .

Fiscal Year 2024 Business Highlights

• Signed strategic partnerships with multiple domestic and US based distributors including Colony Hardware, Drive Products, Tom Miller & Associates, TEC Sales and Civic Grid.

• Sale of 105 Batt Pack Pros (BPP) to California based major utility entity.

• Sale of BPP’s to US based military divisions including US Marines, US Air Force & California Air National Guard.

• Ongoing demo with major Canadian rental company.

• Ongoing demo for National Home Builder in Canada.

• Spark and solar package sale and ongoing pilot program with leading US based construction firm.

• Secured listing with California Air Resource Board.

• Signed Letter of Intent with Green Maple Energy Solutions Limited for the import of energy solutions into Nigeria and across the African continent.

• Additional 18 pilot and demo units currently undergoing testing with construction, mining, utilities, home builders and distributors.

• Launched new Hybrid Spark sizes to accommodate increasing power demands.

• Initiated development of cross-platform fleet management and remote monitoring software to integrate artificial intelligence functionality, GPS tracking, remote diagnostics and both Wi-Fi and cellular communication options.

Fiscal Year 2024 Financial Highlights

• Revenue for period ending May 31, 2025 of $2,801,100 versus revenue of $2,437,507 for the period ending May 31, 2024, an increase of 15%.

• Expenses for the period ending May 31, 2025 of $3,254,599 versus expenses of $6,506,186 for the period ending May 31, 2024, a decrease of 50%.

• Net loss for the period ending May 31, 2025 of $2,928,841 versus a net loss of $6,512,440 for the fiscal year ending May 31, 2024.

Fiscal Year 2024 Corporate Highlights

• Appointment of Muneer Yoosuf, CGMA to the position of Chief Financial Officer.

• Appointment of Mr. Bruno Antidormi, P. Eng., G.S.C. to the board of directors.

• Appointment of Mr. Alvin Kersting to the board of directors.

• Secured matching funding from Federal Economic Development Agency for Southern Ontario for C $2,250,000.

• Completed non-brokered shelf offering of C $541,800.

• Completed non-brokered prospectus offering of C $600,000.

CEO and Founder Francois Byrne states: “Over the past year, we have taken bold steps to ensure Hybrid is built on a stronger foundation – streamlining operations, reshaping our engineering team, and investing in Canadian innovation. As we approach our 10-year anniversary, our pipeline of opportunities has never been stronger, with opportunities that reflect the confidence major industries and partners have in our solutions. We have learned from our challenges and are well positioned to deliver sustainable, long-term value for our customers, partners, and shareholders.”

About Hybrid Power Solutions

Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS." The Company specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications. With a focus on environmental responsibility and technological innovation, Hybrid Power Solutions is committed to leading the clean energy transition.

On Behalf of the Company,

Francois Byrne, CEO and Director

For further information, inquiries, or media opportunities, please contact:

Hybrid Power Solutions
E: invest@hybridps.ca
T: 866-549-2743
www.investhps.com

Investor Relations
Dean Stuart
E: dean@boardmarker.net
T: 403-617-7609

Forward-Looking Statements

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by terminology such as "will," "expects," "anticipates," or variations of such words and phrases, or by statements that certain actions, events, or results "will" occur. Forward-looking statements are based on management’s estimates as of the date such statements are made and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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