Alpine Logistics | Institutional Supply Chain & Asset Management

Executive Briefing

The past six months have presented pronounced headwinds across international shipping lanes. Rising freight operating costs alongside standard depreciation on our physical assets 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.

99.4% Contractual SLA Kept

$53.1M Adjusted Net Asset Value

6-Month Financial Downward Trajectory

Stark presentation of asset valuation reduction during global trade realignments.

Ledger Extract

Q2 Recorded Revenue	$11,450,000
Operating Expenditures	$13,100,000
Peak Valuation (Jan)	$68,500,000
Current Net Worth	$53,100,000

Audited Net Asset Value Chart (Showing Downtrend)

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	$11,450	$25,670
Operating Maintenance & Fleet Fuel Expense	(10,890)	(21,400)
Legal Compliance & Regulatory Fees	(2,210)	(3,920)
Incident Response & Asset Recovery (non-recurring)	—	(690)
Net Income / (Net Loss Exception)	($1,650)	($340)

Part II: Management Discussion & Explanation

The structural deficit observed in the current quarter stems directly from unusual capital adjustments. Alpine Logistics fully settled legacy line leases ahead of schedule and took standard financial write-downs on older freight haulage inventory. A non-recurring incident response and asset recovery cost incurred earlier in the fiscal year has been fully absorbed and is not expected to affect future 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.