CMG Announces the Acquisition of Rose Subsurface Assessment

1 hour ago 2

Article content

For more information, visit www.roseassoc.com.

Article content

About CMG

Article content

CMG (TSX: CMG) is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. CMG is headquartered in Calgary, AB, with offices globally. For more information, visit www.cmgl.ca.

Article content

_{¹ TTM revenue is unaudited and for the period of January 1, 2025 – December 31, 2025}
_{² Recurring revenue is a non-IFRS measure. See “Non-IFRS” Measure}

Article content

For investor inquiries, please contact:

Article content

Kim MacEachern
Director, Investor Relations
[email protected].

Article content

For media inquiries, please contact: [email protected].

Article content

Non-IFRS Measure

Article content

Recurring revenue represents the revenue recognized during the period from contracts that are recurring in nature and includes revenue recognized as “Annuity/maintenance licenses” and “Annuity license fee” in our Financial Reports.

Article content

See “Recurring revenue” heading in the Q3 2026 Financial Reports at www.cmgl.ca/investors or at www.sedarplus.ca for a reconciliation of Recurring revenue to total revenue.

Article content

Forward-Looking Statements

Article content

This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: “potential”, “intend”, “can”, “believe”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, “will”, and similar references to future periods. Examples of forward-looking statements include, among others, statements made regarding the contingent consideration that is potentially payable in connection with the Rose acquisition.

Article content

Forward-looking statements are neither historical facts nor assurances of future performance. They are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are detailed in the companies’ public filings.

Article content

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Article content