Pineapple Financial receives going concern audit opinion

Pineapple Financial Inc. (NYSE: PAPL) announced that its independent registered public accounting firm included an explanatory paragraph regarding the company's ability to continue as a going concern in its audit report for the fiscal year ended August 31, 2025.

The audit opinion was previously disclosed in the company's Annual Report on Form 10-K filed on December 3, 2025, and amended on December 12, 2025, with the Securities and Exchange Commission. The going concern explanation appears in footnote 1 of the company's audited consolidated financial statements included in the annual report.

The announcement represents a required disclosure under Sections 401(h) and 610(b) of the NYSE American Company Guide and does not constitute any change or amendment to the company's filings for fiscal year 2025.

A going concern qualification indicates that auditors have substantial doubt about a company's ability to continue operations for at least 12 months from the date the financial statements are issued, typically due to financial difficulties or other factors that may threaten the entity's viability.

Pineapple Financial operates as a fintech platform and Canadian mortgage brokerage network. The company provides cloud-based tools and AI-driven systems to mortgage brokers serving Canadian homeowners.

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