Lightspeed Commerce

Any repurchases made under the ASPP are made in accordance with certain purchasing parameters.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

During the six months ended September 30, 2025 , under the NCIB and pursuant to the ASPP, the Company repurchased and cancelled 9,013,953 Subordinate Voting Shares representing the total authorized amount pursuant to the NCIB for a total consideration, including transaction co sts, of $85,430 (September 30, 2024 - 2,673,926 Subordinate Voting Shares for a total consideration, including transaction costs, of $39,946) .

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Interest expense and finance costs for the six months ended September 30, 2025 includes a loss from the change in fair value of the share repurchase liability related to the ASPP of $11,800.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

There was no share repurchase liability outstanding as at September 30, 2025.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Forward-looking information may relate to our financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Deterioration in general economic conditions, including any rise in unemployment rates, inflation, tariffs and increases in interest rates, have adversely affected in the past and may in the future adversely affect consumer spending, consumer debt levels and payment card usage, and as a result, have adversely affected in the past and may in the future adversely affect our financial performance by reducing the number of transactions or average purchase amount of transactions processed using our payments solutions.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Restructuring The Company implemented a reorganization to streamline the Company's operating model while continuing to focus on profitable growth.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Forward-looking information may relate to our financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

In some cases, forward-looking information can be identified by the use of forward-looking terminology such as plans , targets , expects or does not expect , is expected , an opportunity exists , budget , scheduled , estimates , outlook , forecasts , projection , prospects , strategy , intends , anticipates or does not anticipate , believes , or variations of such words and phrases or statements that certain actions, events or results may , could , would , might , will , will be taken , occur or be achieved , the negative of these terms and similar terminology.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

We also continue to advance our strategy of expanding our presence within our key verticals, including with our Lightspeed Retail and Lightspeed NuORDER integration.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

We are further focused on expanding our catalog content across both new and existing verticals, streamlining the process for retailers to manage their store data and simplify operational tasks.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

On June 16, 2025, the Company and the plaintiffs agreed in principle that the Company would pay $7,568 in full and final settlement of the proceedings, inclusive of class counsel fees, notice and administration costs, fees, and expenses relating to the settlement or the litigation.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

Notes to Condensed Interim Consolidated Financial Statements (Unaudited) September 30, 2025 and 2024 (expressed in thousands of US dollars, except number of shares and per share amounts) On October 22, 2021, CloudofChange, LLC, a non-practising entity, filed a patent infringement lawsuit against the Company in the Western District of Texas.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

The lawsuit has now been stayed pending final resolutions of the inter partes reviews.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

The Company is involved in other litigation and claims in the normal course of business.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

In preparing these unaudited condensed interim consolidated financial statements, the significant judgments made by management in applying the Company s accounting policies and the key sources of uncertainty are the same as those applied and described in the Company s audited annual consolidated financial statements for the fiscal year ended March 31, 2025.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025

, Canada and Europe (including the impacts of tariffs, sanctions, trade wars, or other trade conditions or protective government actions) environmental risks and the impact of certain natural disasters on our business and our customers and changes in laws, rules, regulations, and global standards are material factors in preparing forward-looking information and management s expectations.

SEC original ↗Lightspeed Commerce — Earnings release (6-K exhibit)EX-99Nov 6, 2025