PUDO Inc. reports FY 2026 second quarter end results. News provided by. TORONTO, Oct. 8, 2025 /CNW/ - PUDO Inc. ("PUDO" or the "Company") (CSE: PDO) (OTCQB: PDPTF), today filed interim financial results (unaudited) and operational highlights for its second quarter that ended August 31, 2025 ("Q2 FY 2026"). | Year over Year | Q1-Q2 FY 2026 | Q1-Q2 FY 2025 | % Change | | Revenue from Operations | $2,829,898 | $1,737,073 | 62.9 % | | Gross Profit | $936,695 | $522,967 | 79.1 % | | Comprehensive loss for the period | ($76,810) | ($257,238) | -62.0%* | "We continue to see strong growth in the business with revenue increasing almost 63% in the first six months of this year. We have been able to grow revenue while increasing our gross margins resulting in a gross profit increase of more than 79%" commented Elliott Etheredge, CEO. "Furthermore, we continue to be excited about the network expansion that we accomplished in the U.S. during the last quarter. The addition of the Annex Brands and GoLocker partnerships position us well to continue growing revenue by expanding our geographic footprint." PUDO continues to expand the availability and volume of its PUDO Label Return services. By increasing the number of retailers using the solution and partnering with additional SAAS and 3PL providers, the PUDO network is becoming an important part of the e-commerce returns solution. In Q2 FY 2026, returns accounted for 67.4% of revenue vs. 53.1% in Q2 FY 2025. The Company continues to work with its partners to develop the U.S. network expansion this year to support the returns service along with PUDO's other services including Direct to PUDO and For Pickup by either a shopper or a consolidated pickup for PUDO third party courier partners. The Company is currently working with its partners to develop the U.S. network expansion this year. A complete copy of the interim consolidated financial statements and the Management's Discussion and Analysis Report for the three and six month periods ended August 31, 2025, can be found on the CSE website at https://thecse.com/listings/pudo-inc/ and on SEDAR at www.sedar+.com. About PUDO Inc. PUDO Inc. is North America's only independent parcel pick-up and drop-off counter network. PUDO has created a Network of more than 1,700 storefront partners known as PUDOpoint Counters, strategically located very near to where people live, work and play. PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for ecommerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics. Visit: www.pudopoint.com. To signup for the PUDO News Feed please subscribe at https://pudopoint.com/investors/. Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, such as statements regarding estimated revenues from new contracts, increased parcel volume, activation and implementation of PUDO's technology and possible future expansions of PUDO's operations. This information is based on current expectations and assumptions of management, including assumptions concerning PUDO's ability to integrate its new customers into its network and successfully execute on its new and existing contracts. The use of any of the words "anticipate", "believe", "expect", "plan", "intend", "can", "will", "should", and similar expressions are intended to identify forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, without limitation, uncertainties with respect to service implementation, the economic results of the relationship on the operations of the Company, changes in general economic, market, or business conditions, and those risks set out in the Company's public documents filed on SEDAR. This press release, in particular the information in respect of estimated revenues, may contain future-oriented financial information or financial outlook within the meaning of applicable securities laws. Such future-oriented financial information or financial outlook has been prepared for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by law. For further information about PUDO contact: Elliott Etheredge, CEO, 1 (905) 507-7409, [email protected]; or Karen Speight, Admin Director, 1 (905) 507-7412, [email protected]

Amazon will shut down its “Prime Try Before You Buy” service on Jan. 31, according to a notice on the company’s website. The Information reported the ending of the service Friday (Jan. 10), saying Amazon launched the service in 2017, allowing Prime members to order clothing, try it on and decide whether to keep it before being charged for it. CNBC reported Friday that the move is the latest example of Amazon’s efforts to reduce costs across the company

Online fashion resale market Poshmark launched a partnership with returns-focused commerce platform Loop.According to a Wednesday (Jan. 8) press release, the collaboration is designed to offer an alternative to what the companies said is a common customer pain point: missing a return window or trying to return a final sale item.“At Poshmark, we believe shopping and selling should be simple, social and sustainable,” Poshmark Chief Marketing Officer Steven Tristan Young said in the release. “After observing an increase in Poshmark listings mentioning missing the return window, we saw an opportunity to create a sustainable solution. Partnering with a market leader like Loop allows us to offer resale as an alternative, creating a more convenient experience for both buyers and sellers, putting money back in their wallets, and keeping more items in circulation.”Open to shoppers across Loop’s merchant network, the partnership — a first for Loop merchants — offers consumers a way to resell non-returnable items on Poshmark. It allows consumers to sell unwanted items, gives merchants a revenue stream, and aligns with the fashion industry’s push to “reduce waste and promote sustainability,” the release said.The tie-up comes amid a surge in retail returns. One estimate showed a 28% increase in return rates between the 2023 and 2024 holiday shopping seasons.Returns have become a fixture of the January retail landscape, to the point that analysts have nicknamed the month “Returnuary” as consumers begin to realize “that the reality of returns as a function of commerce is more of a feature of the landscape than it is a bug.”Last year, returns made up $743 billion, or 14.5%, of the $5.13 trillion of reported retail sales, versus 8.8% in 2012, an increase of 60%.“For savvy eCommerce players, returns can ultimately represent an opportunity to reinforce customer loyalty, optimize operations and innovate for the future,” PYMNTS wrote