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TORONTO, ON / ACCESS Newswire / March 16, 2026 / Skyline Investments Inc. (the “Company” or “Skyline”) (TASE:SKLN), a Canadian company that specializes in hotel real estate investments in the United States and Canada, published its results for the year ended December 31, 2025.

SUMMARY OF FINANCIAL RESULTS

• 2025 same asset revenue has increased by 21% to $81.2 million compared to $67.4 million in 2024, overall increase was primarily driven by the improvement in the Autograph performance, due to the completion of its extensive renovations. Total revenue from hotels and resorts was $81.2 million compared to $121.3 million in 2024; the decrease is mainly due to the sale of 11 Courtyard hotels in September 2024 and Courtyard Tucson in January 2025.

• 2025 same asset NOI¹ increased to $11.7 million compared to $8.8 million in 2024. The increase over prior year is primarily driven by higher revenues at the Autograph, and partially offset by increases in operating expenses across the portfolio.

• 2025 Adjusted EBITDA² was $4.7 million compared to $3.9 million in 2024.

• 2025 Funds from Operations (“FFO”)¹ was negative $5.4 million (or negative $0.33) per share, compared to a negative 2024 FFO of $10.3 million (or negative $0.62) per share.

• The book value per share of the shareholder equity is 12.18 NIS ($5.23), per share, which is 56% above the closing price of its shares at December 31, 2025.

INCOME STATEMENT HIGHLIGHTS

All amounts in millions of Canadian dollars unless otherwise stated

• Total revenue for 2025 was $81.7, compared to $121.4 in 202­­4. Revenue from hotels and resorts decreased by 27% to 81.7 driven by the sale of 11 Courtyard hotels in September 2024 and one Courtyard in January 2025, as well as lower operating performance at the Hyatt Regency Arcade hotel and Fort Myers Courtyard hotel. This was partially offset by an increase in Autograph revenues after its rebranding and reopening in 2024. Same asset revenue increased by 21% relative to 2024.

• Same asset NOI for 2025 was $11.7, compared to $8.8 in 2024. The increase over prior year is mainly due to an improvement in Autograph performance, following its extensive renovations, and partially offset by a lower operating performance at the Hyatt Regency Arcade hotel.

• Adjusted EBITDA for 2025 was $4.7, compared to $3.9 in 2024.

• Net financial expense for 2025 totalled $62.7, compared to $34.6 in 2024, primarily driven by the increase of provision for credit losses to $47.3 million. This was partially offset by lower interest expense and reduced amortization of deferred financing expenses following the repayment of debt. In addition, no revaluation loss was recognized in respect of hedge instruments and bonds in 2025, as such were no longer outstanding during the year.

• FFO for 2025 was ($5.4) compared to $(10.3) in 2024. There is a decrease in FFO due to the sale of the 12 Courtyard hotels, partially offset by the completion of hotel renovations, as discussed above, which in the prior period negatively impacted earnings.

• Net income (loss) for 2025 was ($85.6), compared to ($58.5) in 2024. Excluding minority interests, the Company had net income (loss) of ($76.8) in 2025, compared to net income (loss) of ($49.9) in 2024.

• Total comprehensive income (loss) for 2025 was ($97.7) compared to total comprehensive loss of ($60.4) in 2024.

BALANCE SHEET HIGHLIGHTS

• Total assets as at December 31, 2025were $325.96 compared to $458.8 as at December 31, 2024. The decrease was primarily attributable to the sale of Courtyard Tucson, revaluation of capital assets, increase in provision for credit losses, write down of deferred tax asset, debt payments, and capital expenditure payments.

• Cash and cash equivalents were $13.7as at December 31, 2025 compared to $24.6 as at December 31, 2023. The decrease was primarily attributable to capital expenditures, settle Keewatin-related matters, and make payments to the former Chairman of the Board of Directors. This was partially offset by cash proceeds from the Bear Valley vendor take-back (VTB) loans, the receipt of funds from an increase in the shareholder loan and by the increase in the performance of Autograph hotels after renovation.

• Net debt as at December 31, 2025totalled $131.03 a decrease of $28.8 (or 18.0%) compared to net debt of $159.8 as at December 31, 2024. The decrease was primarily due to reclassification of the portion of the shareholders loan to equity, loan repayments mainly related to the partial repayment of USD 6.6 million of on the Autograph loans, the full repayment of loan at corporate level of $3 million and FX translation on US loans balances. This was partially offset by the additional bank construction loan draw of USD 1 million for Autograph hotel and the further draw of USD 118k on Ithaca renovation loan.

• Total equity attributable to shareholders was $117.5 ($146.2 including non-controlling interest), representing 45% of total assets.

About Skyline

Skyline is a Canadian company that specializes in hospitality real estate investments in the United States and Canada. The Company currently owns 4 income-producing assets with 1,040 hotel rooms and 7,919 square feet of commercial space.

The Company is traded on the Tel Aviv Stock Exchange (ticker: SKLN) and is a reporting issuer in Canada.

For more information:

Neha Kapelus
Chief Executive Officer
nehak@skylineinvestments.com
1 (647) 354-5159

Additional Information:

Non-IFRS Measures

The Company’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). However, the following measures: NOI, FFO, FFO per share and Adjusted EBITDA are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS, and should not be compared to or construed as alternatives to profit/loss, cash flow from operating activities or other measures of financial performance determined in accordance with IFRS. NOI, FFO, FFO per share and Adjusted EBITDA as computed by the Company, may differ from similar measures as reported by other companies in similar or different industries. However, these non-IFRS measures are recognized supplemental measures of performance for real estate issuers widely used by the real estate industry, particularly by those publicly traded entities that own and operate income-producing properties, and the Company believes they provide useful supplemental information to both management and readers in measuring the financial performance of the Company. Skyline also uses certain supplementary financial measures as key performance indicators. Supplementary financial measures are financial measures that are intended to be disclosed on a periodic basis to depict the historical or expected future financial performance, financial position, or cash flow, that are not disclosed directly in the financial statements and are not non-IFRS measures. Same Asset NOI is a financial measure that is calculated using the same methodology as NOI, but only including NOI from properties owned for 2 full years prior to December 31, 2024.

Further details on non-IFRS measures and Supplementary Financial Measures are set out in the Company’s Management’s Discussion and Analysis for the period ended December 31, 2024 and available on the Company’s profile on SEDAR+ at www.sedarplus.com or MAGNA at www.magna.isa.gov.il and are incorporated by reference in this news release.

The reconciliations for each non-IFRS measure included in this news release are outlined as follows:

NOI

Skyline defines NOI as property revenues less property operating expenses. Management believes that NOI is a useful key indicator of performance on an unlevered basis as it represents a measure over which Management of property operations has control. NOI is also a key input used by management in determining the value of the Properties. NOI is used by industry analysts, investors and Management to measure operating performance of Canadian companies. NOI represents revenue from cash generating properties less property operating expenses excluding depreciation as presented in the consolidated statements of income and comprehensive income prepared in accordance with IFRS.

Given the seasonality of its hospitality operations, NOI for a fiscal year (or trailing four quarters) is considered by Management as a more accurate measure of the Company’s performance.

Skyline calculates NOI as operating income before depreciation, valuation adjustments and other income, adjusted for:

1. Segmented results from Development Segment

2. Selling and Marketing expenses

3. Administrative and General expenses

Alternatively, the same result is arrived at by adding segmented results (per note 28 in the consolidated financial statements) of the Company’s hotels and resorts. The following table sets out a reconciliation of NOI from hotels and resorts to operating income before depreciation, valuation adjustments and other income:

FFO is a non-IFRS financial measure of operating performance widely used by the real estate industry, particularly by those publicly traded entities that own and operate income-producing properties. FFO is not an alternative to net income determined in accordance with IFRS. Skyline calculates the financial measure in accordance with Israel Security Authority. The use of FFO, combined with the data required under IFRS, has been included for the purpose of improving the understanding of the operating results of Skyline.

Management believes that FFO provides an operating performance measure that, when compared period-over- period, reflects the impact on operations of trends in occupancy, room rates, operating costs and realty taxes and interest costs, and provides a perspective of the Company’s financial performance that is not immediately apparent from net income determined in accordance with IFRS. FFO excludes from net income items that do not arise from operating activities, such as fair value adjustments, purchase transaction costs, and deferred income taxes, if any. FFO, however, still includes non-cash revenues related to accounting for straight-line rent and makes no deduction for recurring capital expenditures necessary to sustain the Company’s existing earnings stream. It should be emphasized that the method of calculation of this indicator by the Company may differ from the method of calculation applied by other companies. The following table sets out a reconciliation of FFO to net income:

Adjusted EBITDA

The Company’s operations include income producing assets and revenue from the sale of developed real estate. As such, Management believes Adjusted EBITDA (as defined below) is a useful supplemental measure of its operating performance for investors and debt holders.

EBITDA is defined as Earnings Before Interest, Taxes, Depreciation, and Amortization. The Company calculates Adjusted EBITDA as follows:

• Income from hotels and resorts;

• Sale of residential real estate;

Less:

• Operating expenses from hotels and resorts;

• Cost of sales of residential real estate;

• Selling and marketing expenses;

• Administration and general expenses

Adjusted EBITDA does not include fair value gains, gains on sale or other expenses, and is presented in the Company’s consolidated statement of profit and loss for year ended December 31, 2025 as operating income before depreciation, valuation adjustments and other income.

Forward-Looking Statements

This release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company. In some cases, forward-looking statements can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements as well as other risks detailed in our public filings with the Canadian and Israeli Securities Administrators. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, we undertake no obligation to update any forward-looking or other statements herein whether as a result of new information, future events or otherwise.

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• Bright minds called to solve a problem that’s vexed experts

• Cash, career opportunities and potential to save lives on offer

SYDNEY, AU / ACCESS Newswire / March 16, 2026 / When an asteroid slams into Earth, where does the debris land? Fragments of every size, shape, and density scatter across vast distances – and predicting where they end up is a problem that has vexed scientists for decades. The same challenge applies to any sudden, violent disruption: landslides, building collapses or avalanches.

Freelancer, the world’s largest freelancing and crowdsourcing marketplace, today announced the “Boom: Trajectory Unknown Challenge” – a global competition seeking breakthrough AI/ML solutions to predict where materials land after sudden, violent disruptions.

The challenge, part of Freelancer’s Moonshot Innovation Program, offers an US$7,000 prize for the team or individual that most effectively cracks this deceptively complex problem: creating machine learning algorithms that accurately predict the final resting place of scattered materials of different sizes, shapes, and densities.

“Imagine an asteroid impact where every second counts – emergency teams need to know where debris landed, where people might be trapped, or where critical infrastructure was struck,” said Freelancer Chief Executive Matt Barrie. “This is an opportunity to work on technology that could genuinely save lives – and be handsomely rewarded for your expertise.”

The Moonshot Innovation Program recently opened to all enterprises after a decade in which users submitted more than 20,000 entries to challenges set by NASA, NIH, and the CDC. The program’s growing roster of sponsors now includes the United Nations Development Programme, which partnered with Freelancer to crowdsource affordable solutions for detecting underwater explosive ordnance threatening communities in conflict and post-conflict zones worldwide.

The platform has helped NASA save 80-99% on R&D costs and compressed the U.S. Bureau of Reclamation’s river modeling from 72 hours to just 60 minutes. Winners of past Moonshot challenges have seen their solutions advance to spaceflight, secure additional R&D funding, and spin into commercial products.

The sponsoring organization – which is applying this technology to real-world scenarios – is seeking algorithms that don’t just work in controlled lab conditions but can generalize across messy, unpredictable environments where materials behave in complex, often surprising ways.

The Boom: Trajectory Unknown Challenge targets AI and Machine Learning engineers, computational physicists, and spatial data scientists who thrive on difficult problems. The winning entrant may also be offered a contract to continue developing their solution beyond the competition.

The Boom: Trajectory Unknown Challenge has now launched with submissions closing May 5, 2026, and winners announced June 3, 2026 (Australia time).

Registration and full details are available at https://www.freelancer.com/boom

For more information, contact:

Media Inquiries
Brent O’Halloran
Director of Communications
press@freelancer.com | +1 (650) 442 3334

About Freelancer
Thirteen-time Webby award-winning Freelancer is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 80 million registered users have posted over 25 million projects and contests to date in over 3,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com, the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet with over US$8 billion in transactions secured. Freelancer also owns Loadshift, Australia’s largest heavy haulage freight marketplace with over 800 million kilometres of freight posted since inception. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and in the United States as FRLCY.

SOURCE: Freelancer

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Acquisitions of Data Stream Incorporated and Xcelerate Networks Add Over 100 Bulk Connectivity Properties, Adding Geographic Density and Platform Scale

PHOENIX, AZ / ACCESS Newswire / March 16, 2026 / Mereo Fiber, a leading national provider of bulk connectivity solutions for multifamily communities, today announced the completion of two strategic acquisitions that further expand its national platform and strengthen its position as one of the industry’s premier at-scale bulk connectivity and infrastructure providers.

The company acquired Data Stream Incorporated, a Minnesota-based provider of managed Wi-Fi and streaming content services, in early February 2026, and Xcelerate Networks, a managed connectivity provider serving multifamily and senior living communities across the Pacific Northwest, Mountain West, Texas, and the Southeast, in March 2026.

This milestone solidifies Mereo Fiber’s role as a pure-play bulk connectivity platform delivering reliable, high-performance internet infrastructure to multifamily, single-family-for-rent, HOA, and senior living communities nationwide.

The combination of Data Stream Incorporated’s and Xcelerate Networks’ strong regional market presence and longstanding owner relationships with Mereo Fiber’s centralized operational platform will enable enhanced service delivery, deeper regional density, and expanded growth opportunities across both existing and new markets. As part of this expansion, Minneapolis, Minnesota will serve as Mereo Fiber’s newest regional office, joining the company’s growing network of operational hubs in Phoenix, Salt Lake City, Dallas, and Chicago, while further strengthening on-the-ground capabilities across the Southeast and Pacific Northwest.

“These acquisitions represent far more than unit growth – they expand the capabilities, relationships, and regional expertise that strengthen our national platform,” said Matt Ostrega, CEO of Mereo Fiber. “Additionally, both organizations share a common set of values with Mereo; something we firmly believe is foundational to long-term, sustainable growth and to maintaining the relentless service culture that defines how we win.”

Together, the acquisitions add more than 100 properties to Mereo Fiber’s portfolio, bringing the company’s national footprint to nearly 110,000 units served across more than 530 communities

As part of the transactions, both Data Stream Incorporated and Xcelerate Networks will transition to operate under the Mereo Fiber brand.

James Cotter served as an independent sell-side advisor to Data Stream Incorporated. Taft served as seller’s legal counsel while Morrison Foerster advised Mereo on the transactions. Financial terms were not disclosed.

About Mereo Fiber

Mereo Fiber is a leading national provider of bulk connectivity solutions, delivering gigabit-capable internet, managed Wi-Fi, and streaming content services to multifamily, single-family-for-rent, HOA, and senior living communities across the United States. With a portfolio of more than 530 properties served, Mereo Fiber’s single-source platform combines flexible connectivity architecture with market-leading service performance – providing property owners, operators, and residents with a seamless, scalable solution built for the demands of modern connected living. Regional offices are located in Phoenix, AZ; Salt Lake City, UT; Dallas, TX; Chicago, IL; and Minneapolis, MN.

For more information, please visit mereofiber.com.

About Data Stream Incorporated

Founded in Minnesota, Data Stream is a bulk managed Wi-Fi internet and streaming content provider delivering high-speed fiber connectivity to properties across the state. Known for its hands-on, locally-driven approach, Data Stream has more than a decade of experience as a leading DirecTV bulk dealer – and a proud history as an inaugural provider in bulk streaming content. Led by a service-first approach, Data Stream has been at the forefront of how multifamily rental and HOA residential communities access and enjoy connectivity.

About Xcelerate Networks

Xcelerate Networks, based in Alabama and Colorado, is a managed connectivity and streaming content provider bringing dependable technology solutions to multifamily and senior living communities across the Pacific Northwest, Mountain West, Texas, and Gulf Coast regions. With more than twenty years of experience as a trusted DirecTV bulk dealer, Xcelerate has built a strong track record of delivering reliable streaming content alongside its bulk connectivity services.

Media Contact:

Trey Redmond
Marketing Manager, Mereo Fiber
tredmond@mereofiber.com
865.659.6702

SOURCE: Mereo Fiber

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