True North

Data Based On: 18 Franchised Businesses that were in business as of December 31, 2025 and that reported Gross Revenues during each month of 2025, as detailed in Table 2.

* All figures for gross revenue, median gross revenue, revenue top quartile, and revenue bottom quartile were extracted directly from Table 2, 'GROSS REVENUES FOR 18 FRANCHISED BUSINESSES IN THE 2025 PERIOD BY TIER' on page 3 of the provided documents. The 'All Businesses' row provided the overall average and median gross revenues. The 'Top 25%' and 'Lower 25%' rows provided the respective average gross revenues for those tiers. No complex calculations were required as these metrics were explicitly provided in the table. Per 'EXPLANATORY NOTES' point 2 on page 8, the document explicitly states: 'The Gross Revenues figures do not reflect the costs of sales, operating expenses, or other items to obtain net income, profit or loss. Except for the total-payroll percentages disclosed in Table 8 of this Item 19, we do not disclose information about expenses or costs.' Therefore, no data for gross profit, net income, net profit, or EBITDA, nor a best guess profit range, could be determined from the provided information.