• Total Revenue of $54.0 million, a 16% increase year-over-year
• Recurring Revenue ¹ of $16.9 million, a 72% increase year-over-year
• Adjusted EBITDA ¹ of $10.1 million, a 39% increase year-over-year
• Free Cash Flow ¹ of $15.1 million, a $14.4 million increase year-over-year
• Net Debt to Adjusted EBITDA of 2.3x ² , a material reduction from 3.2x in Q3 2024

Victoria, British Columbia--(Newsfile Corp. - November 13, 2025) - Tiny Ltd. (TSX: TINY) (" Tiny " or the " Company "), a technology holding company that acquires wonderful businesses for the long term, is pleased to announce financial results for the three- and nine-months ended September 30, 2025 ("Q3 2025"). Currency amounts are expressed in Canadian dollars unless otherwise noted.

Q3 2025 Highlights

• Completed the sale of We Work Remotely ("WWR") for approximately $9.8 million to a strategic buyer. Tiny acquired WWR in 2017 for $1.4 million and received a total of $8.6 million over its ownership in dividends, resulting in an approximate 53% internal rate of return (IRR) and 13x multiple of invested capital.

• Revenue of $54.0 million, an increase of $7.3 million or 16% compared to Q3 2024.

• Adjusted EBITDA¹was $10.1 million compared to $7.3 million in Q3 2024, representing a 39% increase.

• Free Cash Flow¹ in Q3 2025 was $15.1 million compared to $0.6 million in Q3 2024, while Free Cash Flow per share¹ also increased to $0.51, on a post-consolidation basis.

• Adjusted Free Cash Flow Post Debt Servicing per Share¹ of $0.51 compared to $0.07 for the three months ended September 30, 2024.

• Net Debt to Adjusted EBITDA of 2.3x², a decrease from 3.2x in Q3 2024. Significant improvement in Free Cash Flow¹ has allowed the Company to continue its commitment to reducing leverage to our target range of 2.0-2.5x.

• Serato launched the integration of Spotify streaming directly within the Serato DJ platform. Following the Q2 launch of a similar integration with Apple Music, Serato now directly supports all major streaming platforms, enabling instant access to hundreds of millions of tracks.

• Letterboxd reached 23.4M total users, up 49% from Q3 2024, and 125% from the date of acquisition.

• Tiny purchased limited partnership units of Tiny Fund I for an aggregate purchase price of $2.1 million (US$1.5 million), resulting in Tiny's stake in Tiny Fund I increasing to 21.60%. The Company continues to view Tiny Fund I as an attractive opportunity and may purchase additional limited partnership units going forward.

• Implementing a normal course issuer bid ("NCIB") allowing the Company to purchase and return to treasury up to 1,470,716 Class A common shares of Tiny.

Management Commentary
We're pleased with our results this quarter as we continue to deliver on our key strategic priorities. The Company significantly increased total revenue, Adjusted EBITDA, and Free Cash Flow per share while reducing leverage to our target range. This was our first full quarter with Serato, and we're encouraged by the meaningful impact on recurring revenue and profitability. We remain excited about near-term growth opportunities in the business as recent integrations with Apple Music and Spotify and new feature releases gain traction. The sale of WWR, Tiny's first acquisition, delivered strong returns and demonstrates our disciplined approach to portfolio management.

Our recent uplist to the Toronto Stock Exchange marked an important milestone for the Company, enhancing market visibility and strengthening our capital markets profile. Looking ahead, we continue to evaluate capital allocation opportunities thoughtfully. This includes beginning to allocate capital to our NCIB at current share prices, pursuing attractive acquisitions, and opportunistically increasing our investment in Tiny Fund I given the portfolio's performance and value. We continue to focus on driving shareholder value through a combination of organic growth and disciplined capital deployment.

Q3 2025 Financial Results

As a result of the completion of the share consolidation of the Company's Class A common shares on the basis of every eight (8) pre-consolidation shares for each one (1) post-consolidation share on October 1, 2025, Adjusted Free Cash Flow per Share has been disclosed on a post-consolidation basis.

• Reported revenue in Q3 2025 was $54.0 million, an increase of $7.3 million (16%) compared to the three months ended September 30, 2024 ("Q3 2024"). This was the first quarter with a full inclusion of Serato's financial results since the acquisition of a 66% interest in Serato on May 12, 2025 (the "Serato Acquisition"). When adjusting for the Q4 2024 dispositions of the Company's interest in Frosty Studio Ltd. and 8020 Design Ltd., revenue increased 27%¹ compared to Q3 2024.

• Recurring Revenue¹ in Q3 2025 was $16.9 million, an increase of $7.1 million (72%) compared to Q3 2024. The increase primarily reflects the positive impact of the Serato Acquisition, which has a 66% Recurring Revenue¹ base. Recurring Revenue¹ increased to 31% of total revenue, compared to 21% in Q3 2024.

• On September 29, 2025, the Company sold its interest in WWR (Tiny Boards Limited Partnership) for approximately $9.8 million to a strategic buyer. WWR was acquired in 2017 for $1.4 million and was the first acquisition of Tiny Capital.

• EBITDA¹ of $13.5 million in Q3 2025 improved by $9.6 million compared to $3.9 million in Q3 2024. This was driven by the gain on sale of WWR of approximately $9 million and the full-quarter inclusion of Serato, offset by the foreign exchange fluctuations on the Company's US-denominated debt facilities, and severance.

• Adjusted EBITDA¹ increased 39% to $10.1 million in Q3 2025 compared to $7.3 million in Q3 2024, with margins expanding to 19% from 16%. The improvement demonstrates the Company's ongoing focus on improving profitability, along with positive contributions from the acquisition of Tiny's position in Serato.

• Cash on hand on September 30, 2025 was $35.2 million, compared to $22.9 million on December 31, 2024.

• Total debt outstanding on September 30, 2025, excluding convertible debentures, was $106.4 million, compared to $116.9 million on December 31, 2024. The face value of convertible debentures was $36.1 million as of September 30, 2025.

• In Q3 2025, the Company repaid a total of $10.4 million of debt, demonstrating Tiny's commitment to effectively using its increasing cash flow to lower its leverage following the acquisition of Serato. An additional $5.0 million was repaid following quarter end on October 2, 2025.

• Cash flow from operations in Q3 2025 was $17.2 million, compared to negative $2.9 million in Q3 2024. This reflects the Company's continued focus on driving increased cash flow in its portfolio, the collection of $8.2 million of license income in Q3, as well as the positive contributions from Serato.

• Free Cash Flow¹ in Q3 2025 was $15.1 million, compared to $0.6 million in Q3 2024. Free Cash Flow per Share¹ also improved to $0.51 in Q3 2025, compared to $0.03 per share in Q3 2024. Free cash flow growth was driven by increases in the overall portfolio and the collection of license income in Q3 2025.

• Adjusted Free Cash Flow Post Debt Servicing¹ in Q3 2025 was $15.0 million, compared to $1.6 million in Q3 2024.

• Net income in Q3 2025 was $0.1 million, compared to a net loss of $9.6 million in Q3 2024, an increase of $9.8 million mainly driven by the gain on the sale of WWR.

• Diluted earnings per share of $0.00 in Q3 2025, compared to a diluted loss per share of $0.42 in Q3 2024.

• Total assets on September 30, 2025 were $516.7 million, compared to $350.5 million on December 31, 2024.

Tiny Fund I Performance

• Combined unaudited revenue of $18.1 million (US$13.1 million) in Q3 2025 compared to $16.4 million (US$12.0 million) in Q3 2024, an increase of $1.7 million (US$1.1 million). This was primarily driven by continued revenue growth at Letterboxd. Note that Tiny's consolidated financial results do not include the aggregate revenues, expenses, and profits of Tiny Fund's individual investments.

• Tiny increased its interest from 20.34% to 21.60% of Tiny Fund I through the purchase of limited partnership units from existing limited partners, at a discount to Net Asset Value, for an aggregate purchase price of $2.1 million (US$1.5 million).

• The Company received distributions of $0.4 million in Q3 2025. Tiny's unaudited Net Asset Value portion of the Tiny Fund I was $42.2 million (USD$30.3 million) on September 30, 2025.

Normal Course Issuer Bid

On October 1, 2025, the Company announced that it implemented an NCIB allowing the Company to purchase and return to treasury up to 1,470,716 Class A common shares of the Company (being approximately 5% of the issued and outstanding Class A common shares as of October 1, 2025, the date of implementing the NCIB). In connection with the NCIB, on November 12, 2025, the Company entered into an automatic share purchase plan with Ventum Financial Corp. to facilitate repurchases of Class A common shares of the Company under the NCIB.

Quarterly Conference Call and Business Update

The Company will hold a conference call to provide a business update on Thursday, November 13, 2025, at 8:00 a.m. ET hosted by:

• Jordan Taub, CEO

• Mike McKenna, CFO

A question-and-answer session will follow the business update.

Conference Call Details

This live call is also being webcast and can be accessed by going to:
An archived telephone replay of the call will be available for one week following the call by dialing +1 866 813 9403 and entering the access code 293235, followed by the # sign.

Financial Statements

Tiny's interim condensed consolidated financial statements for Q3 2025 and management's discussion and analysis for Q3 2025 are available under Tiny's profile on SEDAR+ at .

About Tiny

Tiny is a Canadian holding company that acquires wonderful businesses using a founder-friendly approach. It focuses on companies with unique competitive advantages, recurring or predictable revenue streams, and strong free cash flow generation. Tiny typically holds businesses for the long-term, with a parent-level focus on capital allocation, collaborative management and operations, and incentive structures within the operating companies to drive results for Tiny and its shareholders. Tiny currently has three principle reporting segments: Digital Services, which help some of the world's top companies design, build and ship amazing products and services; Software and Apps, which is home to Serato, the world's leading DJ software, and WeCommerce, a collection of leading application and theme businesses powering global e-commerce merchants; and Creative Platform, which is composed primarily of Dribbble, the social network for designers and digital creatives, as well as Creative Market, a premier online marketplace for digital assets such as fonts, graphics and templates.

For more about Tiny, please visit or refer to the public disclosure documents available under Tiny's profile on SEDAR+ at .

Company Contact:
Mike McKenna
Chief Financial Officer
Phone: 416-938-0574
Email: ...

Cautionary Note Regarding Forward-Looking Information

Certain statements in this press release may constitute forward-looking information or forward-looking statements (together, "forward-looking statements") that reflect management's current expectations regarding the Company's future growth, financial performance, business prospects and opportunities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "forecast", "expect", "estimate", "predict", "intend", "would", "could", "if", "may" and similar expressions.

This press release includes, among others, forward-looking statements regarding the Company's expectations regarding: the Company's financial profile, the results of the acquisition of Serato and the inclusion of Serato financial results with Tiny's, Tiny's portion of the net asset value of Tiny Fund I LP, the number of Class A common shares which may be purchased under the NCIB and the future plans of the Company and its subsidiaries. These statements reflect current expectations of management regarding future events and operating performance and speak only as of the date of this press release. In addition, forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

By their nature, forward-looking statements require management to make various assumptions and are subject to inherent risks and uncertainties. There is a significant risk that such predictions, forecasts, conclusions or projections will not prove to be accurate, that management's assumptions may not be accurate and that actual results, performance or achievements may differ significantly from such predictions, forecasts, conclusions or projections expressed or implied by such forward-looking statements. We caution readers not to place undue reliance on the forward-looking statements in this press release as a number of factors, many of which are beyond the Company's control, could cause actual future results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements.

These factors include, but are not limited to: reliance on the Shopify platform; the limited operating history of certain of the Company's subsidiaries; the integration of Serato with Tiny; reliance on management and key employees; conflicts of interest in relation to the Company and its subsidiaries' officers, directors, and consultants; the ability to integrate previous acquisitions or future acquisitions; limitations on claims against a seller of an acquired company; additional financing requirements and earn out obligations; reliance on unaudited financial information for Tiny Fund I LP; risks related to dilution; the number of Class A common shares which may be purchased under the NCIB; global financial conditions; management of growth; risks associated with the Company's strategy of growth through acquisitions; tax risks; reputational risks; payment processing risks; currency fluctuations; competitive markets; uncertainty and adverse changes in the economy; unsustainability of the Company's rapid growth and inability to attract new customers, retain revenue from existing merchants, and increase sales to both new and existing customers; adverse effects on the Company's revenue growth and profitability due to the inability to attract new customers or sell additional products to existing customers; future results of operations being harmed due to declines in recurring revenue or contracts not being renewed; cyber security and privacy breaches; changes in client demand; challenges posed by developments in artificial intelligence; challenges to the protection and enforcement of intellectual property; infringement of intellectual property; regulatory risks; risks related to legal claims; ineffective operations through mobile devices, which are increasingly being used to conduct commerce; risks related to information technology; and risks associated with internal controls over financial reporting. For a more detailed discussion of certain of these risk factors, see the list of risk factors in the Company's Annual Information Form dated April 29, 2025 which is available on SEDAR+ at

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