AITX settles over $4.5M debt for <10% of balance; targets net profit in Q2 FY2026

Artificial Intelligence Technology Solutions Inc.

Settled more than $4.5M in legacy debt for less than 10% of the balance owed.
Expects net profitability in Q2 FY2026 driven by one-time accounting gain from debt settlement.
Q1 FY2026 showed 57% revenue increase and 80% gross profit increase YoY.
Company remains focused on achieving sustainable operational profitability.
Debt settlement strengthens balance sheet and reduces overall debt burden.

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