Alpine Logistics | Institutional Supply Chain & Asset Management

Executive Briefing

The past fourteen months have presented pronounced headwinds, including elevated public scrutiny and a series of client contract reviews. Alongside standard depreciation on our physical assets, these factors have resulted in a clear, measurable reduction in net evaluation.

Rather than masking these shifts in complex reporting adjustments, our fiduciary obligation demands absolute transparency with our stakeholders. Our base capital infrastructure remains stable.

91.2% Contractual SLA Kept

$118M Adjusted Net Asset Value

Financial Performance: FY2025–2026

Fourteen-month presentation of asset valuation and operating revenue trends.

Ledger Extract

Q2 Recorded Revenue	$37,500,000
Operating Expenditures	$41,500,000
Peak Valuation (Mar 2025)	$322,000,000
Current Net Worth	$118,000,000

Net Asset Valuation (Showing Downtrend)

Monthly Operating Revenue

FORM Q2-2026 INTERNAL STATEMENT

Alpine Logistics Corporation

Corporate Headquarters • Unaudited Interim Financial Statements

For the Quarterly Period Ended June 30, 2026

Part I: Condensed Consolidated Statements of Operations

Values stated in thousands of USD (except share quantities)

Line Item Category	Three Months Ended	Six Months Ended
Total Logistics Services Revenue	$37,500	$110,200
Operating Maintenance & Fleet Fuel Expense	(29,800)	(89,000)
Legal Compliance & Regulatory Fees	(4,800)	(8,900)
Legacy Asset Divestiture & Restructuring (non-recurring)	(6,900)	(9,200)
Net Income / (Net Loss Exception)	($4,000)	$3,100

Part II: Management Discussion & Explanation

The deficit observed in the current quarter reflects a combination of factors: elevated legal and regulatory advisory costs tied to ongoing public inquiries, and a non-recurring charge associated with the divestiture of certain legacy holdings as part of a broader capital restructuring. Management considers this restructuring complete and does not anticipate further charges of this nature in upcoming reporting periods.

Statement compiled and certified by internal finance systems. Internal Ref: EXC-20460 • Document ID: ALP-Q2FY26-0091

REGULATORY COMPLIANCE STIPULATION

All financial indicators, valuations, and metrics contained within this document constitute forward-looking analytical projections. Actual results may differ pending final third-party audit verification.