Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT ANALYSIS (Tables)

SEGMENT ANALYSIS (Tables)

12 Months Ended

Oct. 31, 2025

SCHEDULE OF SEGMENT REPORTING INFORMATION

	Marine Technology Business (“Products”)		Acoustic Sensors and Materials Business (“PAL”)		Defense Engineering Services Business (“Services”)		Corporate			Total

Year Ended October 31, 2025

Net Revenues	$	13,221,339	$	5,409,954	$	7,931,833	$	-		$	26,563,126

Cost of Revenues		3,375,922		2,237,430		3,287,406		-			8,900,758

Gross Profit		9,845,417		3,172,524		4,644,427		-			17,662,368

Research & Development		1,858,139		414,370		175,253		-			2,447,762
Selling, General & Administrative		4,091,421		1,920,985		2,466,341		2,199,831			10,678,578

Total Operating Expenses		5,949,560		2,335,355		2,641,594		2,199,831			13,126,340

Income (Loss) from Operations		3,895,857		837,169		2,002,833		(2,199,831	)		4,536,028

Other Income
Other Income		73,331		194,761		-		-			268,092
Interest Income		505,465		5,661		107,106		89,865			708,097

Total Other Income		578,796		200,422		107,106		89,865			976,189

Income (Loss) before Income Taxes		4,474,653		1,037,591		2,109,939		(2,109,966	)		5,512,217

Income Tax Expense
Current Tax Expense		201,167		43,118		183,338		722,192			1,149,815
Deferred Tax Expense (Benefit)		188,755		91,045		13,252		(60,580	)		232,472

Total Income Tax Expense		389,922		134,163		196,590		661,612			1,382,287

Net Income (Loss)	$	4,084,731	$	903,428	$	1,913,349	$	(2,771,578	)	$	4,129,930

Supplemental Disclosures

Total Assets	$	38,279,403	$	7,100,814	$	14,766,853	$	4,346,492		$	64,493,562

Total Liabilities	$	2,969,095	$	1,376,533	$	1,198,902	$	833,618		$	6,378,148

Revenues from Intercompany Sales - eliminated from sales above	$	6,144,638	$	51,896	$	374,311	$	2,600,000		$	9,170,845

Depreciation and Amortization	$	563,530	$	710,565	$	65,480	$	51,935		$	1,391,510

Purchases of Long-lived Assets	$	531,792	$	248,560	$	53,980	$	336,386		$	1,170,718

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2025 and 2024

	Marine Technology Business (“Products”)			Defense Engineering Services Business (“Services”)		Corporate			Total

Year Ended October 31, 2024

Net Revenues	$	12,806,603		$	7,509,558	$	-		$	20,316,161

Cost of Revenues		2,824,541			3,318,515		-			6,143,056

Gross Profit		9,982,062			4,191,043		-			14,173,105

Research & Development		2,019,112			223,317		-			2,242,429
Selling, General & Administrative		3,814,860			2,248,493		2,283,192			8,346,545

Total Operating Expenses		5,833,972			2,471,810		2,283,192			10,588,974

Income (Loss) from Operations		4,148,090			1,719,233		(2,283,192	)		3,584,131

Other Income
Other Income		53,960			34,422		-			88,382
Interest Income		657,817			198,239		82,719			938,775

Total Other Income		711,777			232,661		82,719			1,027,157

Income (Loss) before Income Taxes		4,859,867			1,951,894		(2,200,473	)		4,611,288

Income Tax Expense
Current Tax Expense		316,955			169,374		227,341			713,670
Deferred Tax (Benefit) Expense		(5,655	)		19,169		238,108			251,622

Total Income Tax Expense		311,300			188,543		465,449			965,292

Net Income (Loss)	$	4,548,567		$	1,763,351	$	(2,665,922	)	$	3,645,996

*Supplemental Disclosures

Total Assets*	$	40,922,453		$	13,404,567	$	3,217,524		$	57,544,544

Total Liabilities*	$	3,072,876		$	842,450	$	500,695		$	4,416,021

Revenues from Intercompany Sales - eliminated from sales above*	$	3,367,839		$	238,143	$	1,266,000		$	4,871,982

Depreciation and Amortization*	$	632,882		$	88,166	$	49,487		$	770,535

Purchases of Long-lived Assets*	$	345,191		$	23,786	$	89,103		$	458,080

In the 2024 FY Supplemental Disclosures Information, the Marine Technology Business Disclosure under “Total Assets” includes $4,529,648 of assets pertaining to PAL and under “Total Liabilities” includes $1,455,145 of liabilities pertaining to PAL. There was no Revenue from Intercompany Sales, Depreciation and Amortization or Purchases of Long-lived Assets pertaining to PAL.