b'ACTIVE INVESTMENTS2025 sales$42,063,187 total assets $26,319,343Kreos AviationGrowth outpaced expectations and we played catch-up throughout 2025 toRegina was recognized as the Best FBO in Central Canada and Saskatoon placed Active Investmentssupport it. Sales have more than doubled in four years, exceeding $40 million.third. Constant hangar utilization planning was necessary given the space Net income has more than tripled year over year. Fleet growth, growing jetconstraints resulting from a larger fleet. Kudos to the Regina and Saskatoon charter capacity, a sustained increase to CAMs billable hours, repeat year overFBOs for elevating the Kreos customer experience. year fuel volumes, and a steady revenue stream from real estate made for anThe pace of change at Kreos is constant. Letting go of the way we used to do exceptionally good year.things to sustain where we have come to takes courage. Process optimization, We moved closer to our goal of doubling the size of our managed aircraftorg structure evolution, and using data to understand and optimize our fleet. We expanded our presence and range in Saskatoon and Regina. Thebusiness are change enablers. Developing people and strength partnering is Regina fleet has grown to 2 King Airs, a mid-sized and a super mid-sized jet.part of our DNA. The Saskatoon fleet includes 3 King Airs, 2 mid-sized jets and a super mid- Good people with shared values aligned to a plan we committed to together sized jet. Fleet airtime increased by 20% to 2,604 hours with a 65:35 ownermade this happen. What we have achieved will allow for re-investment to to charter ratio. We met charter demand with fleet capacity, reducing oursustain and position ourselves for more.reliance on sub-charter to 110 hours. CAM turned a corner in 2025, increasing billable hours by 13% which made a meaningful contribution to Kreos overall results. Growing demand for small aircraft maintenance provided a steady and reliable billable hours stream, increasing AME utilization and smoothing out fleet maintenance fluctuations. CAM Regina became a Cirrus Authorized Service Center in July, furtherKAREN LLOYDincreasing CAMs presence in the province and region.Fuel operations repeated the record 40 million liters delivered on and off field the year prior. We positioned a Lancaster truck in Regina to support demand in the South this summer. The integration of the Ramp and Linetech teams in Saskatoon took root and is improving service levels and retention. The addition of a training supervisor contributed to standardized onboarding, documentation and performance assessment.Fun Facts:10 managed aircraft25 pilots 8,450 CAM billable hours 13'