SEGMENT ANALYSIS (Tables)

3 Months Ended

Jan. 31, 2026

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

Three Months Ended January 31, 2026

Net Revenues	$	3,355,003		$	1,583,759		$	1,771,350		$	-		$	6,710,112

Cost of Revenues		828,380			525,177			989,521			-			2,343,078

Gross Profit		2,526,623			1,058,582			781,829			-			4,367,034

Research & Development		396,876			110,009			99,217			-			606,102
Selling, General & Administrative		1,081,634			493,108			571,512			604,608			2,750,862

Total Operating Expenses		1,478,510			603,117			670,729			604,608			3,356,964

Income (Loss) from Operations		1,048,113			455,465			111,100			(604,608	)		1,010,070

Other Income
Other Income		4,430			3			-			-			4,433
Interest Income		125,425			1,246			22,805			22,794			172,270

Total Other Income		129,855			1,249			22,805			22,794			176,703

Income (Loss) before Income Taxes		1,177,968			456,714			133,905			(581,814	)		1,186,773

Income Tax (Expense) Benefit
Current Tax (Expense)		(168,551	)		(104,722	)		(29,980	)		40,037			(263,216	)
Deferred Tax Benefit		-			-			-			7,166			7,166

Total Income Tax (Expense) Benefit		(168,551	)		(104,722	)		(29,980	)		47,203			(256,050	)

Net Income (Loss)	$	1,009,417		$	351,992		$	103,925		$	(534,611	)	$	930,723

Supplemental Disclosures

Total Assets	$	39,273,580		$	7,408,563		$	14,897,916		$	4,041,520		$	65,621,579

Total Liabilities	$	2,214,098		$	1,299,644		$	1,025,302		$	897,193		$	5,436,237

Revenues from Intercompany Sales - eliminated from sales above	$	535,775		$	12,834		$	20,576		$	775,000		$	1,344,185

Depreciation and Amortization	$	146,822		$	187,496		$	18,371		$	13,203		$	365,892

Purchases of Long-lived Assets	$	62,393		$	11,861		$	7,994		$	-		$	82,248

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

January 31, 2026 and October 31, 2025

Note 15 – SEGMENT ANALYSIS (Continued)

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

Three Months Ended January 31, 2025

Net Revenues	$	2,275,809		$	1,312,261	$	1,621,645	$	-		$	5,209,715

Cost of Revenues		612,168			502,117		666,960		-			1,781,245

Gross Profit		1,663,641			810,144		954,685		-			3,428,470

Research & Development		405,812			90,964		46,350		-			543,126
Selling, General & Administrative		565,864			238,254		637,896		781,308			2,223,322

Total Operating Expenses		971,676			329,218		684,246		781,308			2,766,448

Income (Loss) from Operations		691,965			480,926		270,439		(781,308	)		662,022

Other Income
Other Income		5,846			72,821		-					78,667
Interest Income		155,313			2,302		27,356		9,200			194,171

Total Other Income		161,159			75,123		27,356		9,200			272,838

Income (Loss) before Income Taxes		853,124			556,049		297,795		(772,108	)		934,860

Income Tax (Expense) Benefit
Current Tax (Expense) Benefit		(48,874	)		-		-		-			(48,874	)
Deferred Tax Benefit		-			-		-		26,989			26,989

Total Income Tax (Expense) Benefit		(48,874	)		-		-		26,989			(21,885	)

Net Income (Loss)	$	804,250		$	556,049	$	297,795	$	(745,119	)	$	912,975

Supplemental Disclosures

Total Assets	$	34,107,320		$	6,558,739	$	13,573,805	$	2,657,434		$	56,897,298

Total Liabilities	$	1,586,101		$	1,027,551	$	730,161	$	440,428		$	3,784,241

Revenues from Intercompany Sales - eliminated from sales above	$	922,331		$	2,752	$	18,813	$	312,000		$	1,255,896

Depreciation and Amortization	$	147,331		$	156,370	$	16,704	$	13,000		$	333,405

Purchases of Long-lived Assets	$	18,298		$	107,342	$	2,468	$	-		$	128,108

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

January 31, 2026 and October 31, 2025