EXHIBIT 99.1

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
 
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in United States Dollars)

VOX ROYALTY CORP.

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
 
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in United States Dollars)

INDEX

Unaudited Condensed Interim Consolidated Statements of Financial Position		1
Unaudited Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)		2
Unaudited Condensed Interim Consolidated Statements of Changes in Equity		3
Unaudited Condensed Interim Consolidated Statements of Cash Flows		4
Notes to the Unaudited Condensed Interim Consolidated Financial Statements		5 – 17

Vox Royalty Corp.  Unaudited Condensed Interim Consolidated Statements of Financial Position (Expressed in United States Dollars)

						As at
		Note				September 30, 2025				December 31, 2024
						$				$
Assets
Current assets
Cash and cash equivalents							12,146,280				8,754,391
Accounts receivable			4				4,290,755				2,917,680
Prepaid expenses							241,678				456,943
Total current assets							16,678,713				12,129,014
Non-current assets
Royalty interests			5				49,197,928				37,984,188
Streams and other interests			6				56,058,337				-
Other assets			7				564,007				279,491
Intangible assets			8				850,976				988,631
Deferred asset acquisitions			5				60,140				-
Total assets							123,410,101				51,381,324
Liabilities
Current liabilities
Accounts payable and accrued liabilities			9				2,730,981				1,390,507
Dividends payable			10				849,837				607,905
Income taxes payable							1,393,921				896,263
Total current liabilities							4,974,739				2,894,675
Non-current liabilities
Credit facility			7				11,700,000				-
Deferred tax liabilities							5,561,120				5,426,450
Total liabilities							22,235,859				8,321,125
Equity
Share capital			10				129,200,933				69,528,762
Equity reserves			11				5,868,791				4,722,776
Deficit							(33,895,482	)			(31,191,339	)
Total equity							101,174,242				43,060,199
Total liabilities and equity							123,410,101				51,381,324

Commitments and contingencies (Note 15)

Subsequent events (Note 20)

Approved by the Board of Directors on November 12, 2025

Signed                                       “Kyle Floyd”,

Director

Signed“                                          Robert Sckalor”,

Director

See accompanying notes to the unaudited condensed interim consolidated financial statements.

1

Vox Royalty Corp. Unaudited Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Expressed in United States Dollars)

		Note				Three months ended September 30, 2025				Three months ended September 30, 2024				Nine months ended September 30, 2025				Nine months ended September 30, 2024
						$				$				$				$
Revenue
Royalty revenue							3,672,250				2,428,809				9,117,589				8,150,438
Precious metal sales							143,390				-				143,390				-
Total revenue			17				3,815,640				2,428,809				9,260,979				8,150,438
Cost of sales
Depletion			5,6				(1,446,751	)			(541,308	)			(3,250,105	)			(1,741,810	)
Gross profit							2,368,889				1,887,501				6,010,874				6,408,628
Operating expenses
General and administration			12,14				(1,052,784	)			(1,219,268	)			(3,298,447	)			(3,448,473	)
Share-based compensation			11,14				(335,684	)			(367,125	)			(1,590,600	)			(1,758,784	)
Project evaluation expenses			5				(157,741	)			(24,382	)			(373,389	)			(105,713	)
Total operating expenses							(1,546,209	)			(1,610,775	)			(5,262,436	)			(5,312,970	)
Income from operations							822,680				276,726				748,438				1,095,658
Other income (expenses)
Interest and finance expenses			7				(216,230	)			(80,184	)			(484,182	)			(234,096	)
Other income			13				24,399				88,283				298,340				201,189
Income before income taxes							630,849				284,825				562,596				1,062,751
Income tax expense			18				(469,176	)			(392,438	)			(1,148,020	)			(1,745,339	)
Net income (loss) and comprehensive income (loss)							161,673				(107,613	)			(585,424	)			(682,588	)
Weighted average number of shares outstanding
Basic			10				51,626,135				50,405,487				51,040,542				50,223,142
Diluted			10				51,968,254				50,405,487				51,040,542				50,223,142
Income (loss) per share
Basic							0.00				(0.00	)			(0.01	)			(0.01	)
Diluted							0.00				(0.00	)			(0.01	)			(0.01	)

See accompanying notes to the unaudited condensed interim consolidated financial statements.

2

Vox Royalty Corp.  Unaudited Condensed Interim Consolidated Statements of Changes in Equity (Expressed in United States Dollars)

		Note				Number of Shares				Share Capital				Equity Reserves				Deficit				Total Equity
						#				$				$				$				$
Balance, January 1, 2024							49,985,102				67,889,465				4,157,153				(27,122,948	)			44,923,670
Share issue costs							-				(24,003	)			-				-				(24,003	)
Dividends declared							-				-				-				(1,811,404	)			(1,811,404	)
Shares issued – dividends reinvestment plan							36,063				78,183				-				-				78,183
Settlement of RSUs							567,088				1,425,132				(1,425,132	)			-				-
Share-based compensation							-				-				1,758,784				-				1,758,784
Net loss and comprehensive loss							-				-				-				(682,588	)			(682,588	)
Balance, September 30, 2024							50,588,253				69,368,777				4,490,805				(29,616,940	)			44,242,642
Balance, January 1, 2025							50,658,776				69,528,762				4,722,776				(31,191,339	)			43,060,199
Share issuance			10				17,094,750				63,250,575				-				-				63,250,575
Share issue costs			10				-				(4,098,821	)			-				-				(4,098,821	)
Dividends declared			10				-				-				-				(2,118,719	)			(2,118,719	)
Shares issued – dividends reinvestment plan			10				5,608				14,852				-				-				14,852
Settlement of RSUs			11				227,704				505,565				(505,565	)			-				-
Share-based compensation			11				-				-				1,651,580				-				1,651,580
Net loss and comprehensive loss							-				-				-				(585,424	)			(585,424	)
Balance, September 30, 2025							67,986,838				129,200,933				5,868,791				(33,895,482	)			101,174,242

See accompanying notes to the unaudited condensed interim consolidated financial statements.

3

Vox Royalty Corp.  Unaudited Condensed Interim Consolidated Statements of Cash Flows (Expressed in United States Dollars)

		Note				Three months ended September 30, 2025				Three months ended September 30, 2024				Nine months ended September 30, 2025				Nine months ended September 30, 2024
						$				$				$				$
Cash flows from operating activities
Net income (loss) for the period							161,673				(107,613	)			(585,424	)			(682,588	)
Adjustments for:
Deferred tax expense (recovery)			18				138,319				(56,319	)			134,670				118,196
Foreign exchange gain on cash and cash equivalents							7,284				885				31,850				13,878
Share-based compensation			11,14				335,684				367,125				1,590,600				1,758,784
Interest and finance expenses			7				216,230				80,184				484,182				234,096
Amortization			8				45,885				45,885				137,655				137,655
Depletion			5,6				1,446,751				541,308				3,250,105				1,741,810
							2,351,826				871,455				5,043,638				3,321,831
Changes in non-cash working capital:
Accounts receivable							(1,304,103	)			485,391				(1,373,075	)			682,095
Prepaid expenses							86,283				131,651				83,610				265,764
Accounts payable and accrued liabilities							510,431				196,511				302,499				(211,161	)
Income taxes payable							114,350				427,160				497,658				1,275,223
Net cash flows from operating activities							1,758,787				2,112,168				4,554,330				5,333,752
Cash flows used in investing activities
Acquisition of royalties			5				(2,645,082	)			(5,500	)			(14,439,760	)			(3,170,673	)
Acquisition of streams and other interests			6				(55,930,648	)			-				(55,930,648	)			-
Pre-acquisition royalty revenues			5				-				-				104,551				-
Restricted cash							-				-				-				34,280
Deferred asset acquisitions			5				(10,210	)			(12,940	)			(25,140	)			(18,956	)
Net cash flows used in investing activities							(58,585,940	)			(18,440	)			(70,290,997	)			(3,155,349	)
Cash flows from (used in) financing activities
Share issuance			10				63,250,575				-				63,250,575				-
Share issue costs							(3,400,425	)			-				(3,402,666	)			(24,003	)
Credit facility drawdowns			7				5,000,000				-				16,700,000				-
Credit facility repayments			7				(5,000,000	)			-				(5,000,000	)			-
Transaction costs related to credit facility			7				(249,026	)			-				(251,641	)			(459,944	)
Payments of interest on credit facility			7				(163,750	)			(21,233	)			(273,927	)			(46,171	)
Dividends paid			10				(628,756	)			(573,034	)			(1,861,935	)			(1,675,998	)
Net cash flows from (used in) financing activities							58,808,618				(594,267	)			69,160,406				(2,206,116	)
Increase (decrease) in cash and cash equivalents							1,981,465				1,499,461				3,423,739				(27,713	)
Impact of foreign exchange on cash and cash equivalents							(7,284	)			(885	)			(31,850	)			(13,878	)
Cash and cash equivalents, beginning of the period							10,172,099				7,802,713				8,754,391				9,342,880
Cash and cash equivalents, end of the period							12,146,280				9,301,289				12,146,280				9,301,289
Supplemental cash flow information (Note 16)

See accompanying notes to the unaudited condensed interim consolidated financial statements.

4

Vox Royalty Corp.  Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (Expressed in United States Dollars)

1. Nature of operations

Vox Royalty Corp. (“Vox” or the “Company”) was incorporated under the Business Corporations Act (Ontario). The Company’s head office is located at 1499 West 120^th Ave, Suite 110, Westminster, CO, 80234, USA. The Company’s registered office is 100 King Street West, Suite 5700, Toronto, ON, M5X 1C7, Canada. The Company’s common shares trade on the Toronto Stock Exchange (“TSX”) and on the Nasdaq Stock Market LLC (“Nasdaq”), under the ticker symbol “VOXR”.

Vox is a mining royalty and streaming company focused on growing the size of its asset portfolio through accretive acquisitions. Approximately 85% of the Company’s portfolio of royalty, streams and other interests assets by asset count are located in Australia, Canada and the United States. In the near and medium-term, the Company is prioritizing acquiring royalties and streams on producing or near-term producing assets (i.e. ranging from six months to three years from first production) to complement its existing portfolio of producing, development and exploration stage royalties, streams and other interests.

2. Basis of preparation

(a) Statement of compliance

These unaudited condensed interim consolidated financial statements are prepared in accordance with International Accounting Standards 34, Interim Financial Reporting, as issued by the International Accounting Standards Board (“IASB”) and apply the same material accounting policy information and application as disclosed in the annual financial statements for the year ended December 31, 2024. They do not include all of the information and disclosures required by International Financial Reporting Standards (“IFRS”) for annual statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included in these unaudited condensed interim consolidated financial statements. Operating results for the period ended September 30, 2025 are not necessarily indicative of the results that may be expected for the full year ended December 31, 2025. For further information, see the Company’s annual financial statements including the notes thereto for the year ended December 31, 2024.

These unaudited condensed interim consolidated financial statements were reviewed, approved, and authorized for issue by the Company’s Board of Directors on November 12, 2025.

(b) Basis of presentation

These unaudited condensed interim consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. These unaudited condensed interim consolidated financial statements are presented in United States dollars (“$”), which is also the functional currency of the Company and its four wholly-owned subsidiaries.

(c) Principles of consolidation

These unaudited condensed interim consolidated financial statements incorporate the accounts of the Company and its wholly-owned subsidiaries: Vox Royalty USA Ltd. (Delaware, USA); Vox Royalty Cayman SEZC (Cayman Islands); SilverStream SEZC (Cayman Islands), which in turn owns all of the shares of Vox Royalty Australia Pty Ltd. (Australia) and Vox Royalty Canada Ltd. (Ontario, Canada).

Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All intercompany balances, transactions, revenues and expenses have been eliminated on consolidation.

(d) New accounting policies

Inventories

Commodity inventory is recognised when the Company controls the commodity, the determination of which includes consideration of price risk. Commodity inventory is measured at fair value less costs to sell in accordance with the broker-trader exemption, on the basis that such assets are held with the purpose of selling in the near future and generating a profit from fluctuations in price or broker traders’ margin. Commodity contracts reflect agreements for the purchase and sale of commodities where, despite the Company having control over the commodity, the Company has no intention to exercise its control, and where the expected outcome is that the commodity will be sold to the third party financial institution or broker. Such contracts are measured at fair value through the consolidated statements of income (loss) and comprehensive income (loss).

Precious metal sales

The Company enters into gold purchase contracts with mining operators whereby the operator of the mine agrees to sell, and the Company agrees to purchase, refined gold produced from the mine over which the contract is granted. The purchased gold is sold to the Company at the lowest COMEX or LBMA AM/PM fixed price within a quotation period that is typically between six and eight days.

Vox sells the refined gold to third party financial institutions or brokers (the “Customer”) within the quotation period. The Company transfers control over the commodity on the date the commodity is delivered to the Customer’s metal account, which is the date that title to the commodity and the risks and rewards of ownership transfer to the Customer and the Customer is able to direct the use of and obtain substantially all of the benefits from the commodity.

5

Vox Royalty Corp. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (Expressed in United States Dollars)

Precious metal sales comprise:

	·	The proceeds received from the sale of the refined gold to third party financial institutions or brokers; less
	·	The purchase price paid to the mining operator for the refined gold and sales commissions.

Financial assets

Financial assets measured at FVPL include financial assets management intends to sell in the short term and any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial assets measured at FVPL are carried at fair value in the consolidated statements of financial position with changes in fair value recognized in other income or expenses in the consolidated statements of income (loss) and comprehensive income (loss).

On September 26, 2025, Vox acquired a portfolio of gold assets comprising Precious Metals Purchase Agreements (“PMPAs,” historically referred to as “offtakes”) and conventional royalties from Deterra Royalties Limited. Although originally labeled as offtakes by previous owners, these PMPAs are, in substance, more closely aligned with streaming arrangements. Under the terms of these agreements, Vox purchases a defined percentage of payable gold at a dynamic price that is typically set by market reference prices (LBMA or COMEX) and grants the ability to Vox to capture margin at the time of on-sale of metal on each delivered ounce. This pricing and physical metal delivery mechanism provides Vox with direct exposure to metal production and price movements, similar to traditional streaming agreements. These PMPAs are economically driven by cash flows linked to both metal pricing fluctuations and production volumes, analogous to streams. Accordingly, Vox considers these PMPAs to be more equivalent to streams and will refer to them as such in its portfolio reporting and future disclosure.

PMPAs are classified and measured as FVPL.

(e) Recent accounting pronouncements

Certain new accounting standards and interpretations have been published that are not mandatory for the current period and have not been early adopted. The amendments have an effective date of later than December 31, 2025, with earlier application permitted.

IFRS 18 – Presentation and Disclosure in Financial Statements

In April 2024, IFRS 18 was issued to achieve comparability of the financial performance of similar entities. The standard, which replaces IAS 1, impacts the presentation of primary financial statements and notes, including the statement of earnings where companies will be required to present separate categories of income and expense for operating, investing, and financing activities with prescribed subtotals for each new category. The standard will also require management-defined performance measures to be explained and included in a separate note within the consolidated financial statements. The standard is effective for reporting periods beginning on or after January 1, 2027, including interim financial statements, and requires retrospective application. The Company is currently assessing the impact of the new standard.

3. Significant judgments, estimates and assumptions

The preparation of the Company’s unaudited condensed interim consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the unaudited condensed interim consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates. The unaudited condensed interim consolidated financial statements include estimates, which, by their nature, are uncertain. The impact of such estimates are pervasive throughout the unaudited condensed interim consolidated financial statements and may require accounting adjustments based on future occurrences.

The estimates and underlying assumptions are reviewed on a regular basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. The areas involving a higher degree of judgment or complexity, or areas where the assumptions and estimates are significant to the consolidated financial statements were the same as those applied to the Company’s annual financial statements for the year ended December 31, 2024.

6

Vox Royalty Corp.  Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (Expressed in United States Dollars)

4. Accounts receivable

		September 30, 2025				December 31, 2024
		$				$
Trade receivables from royalties			4,065,602				2,897,870
Trade receivables from streams and other interests			143,390				-
Sales tax recoverable			81,763				19,810
			4,290,755				2,917,680

Trade receivables represent amounts that are generally collected within 45 days of quarter-end.

5. Royalty interests

As at and for the nine months ended September 30, 2025:

		Cost				Accumulated Depletion
Royalty	Country	Opening	Additions	Ending		Opening	Depletion	Ending		Carrying Amount
		$	$	$		$	$	$		$
Kanmantoo	Australia	-	11,751,838	11,751,838		-	(636,809)	(636,809)		11,115,029
Wonmunna	Australia	15,211,023	-	15,211,023		(4,594,445)	(1,328,484)	(5,922,929)		9,288,094
Royalty portfolio	Australia	5,205,731	-	5,205,731		-	-	-		5,205,731
Janet Ivy	Australia	4,457,600	-	4,457,600		(582,117)	(409,533)	(991,650)		3,465,950
Castle Hill portfolio	Australia	3,139,531	-	3,139,531		(47,292)	(616,193)	(663,485)		2,476,046
South Railroad	USA	2,316,757	-	2,316,757		(167,999)	(24,138)	(192,137)		2,124,620
Dandoko	Mali	-	1,500,000	1,500,000		-	-	-		1,500,000
Goldlund	Canada	1,258,810	-	1,258,810		-	-	-		1,258,810
Limpopo	South Africa	1,150,828	-	1,150,828		-	-	-		1,150,828
Bowdens	Australia	1,130,068	-	1,130,068		-	-	-		1,130,068
Wyloo North	Australia	-	1,012,281	1,012,281		-	-	-		1,012,281
Bullabulling	Australia	953,349	-	953,349		-	-	-		953,349
Lynn Lake      (MacLellan)	Canada	873,088	-	873,088		-	-	-		873,088
Brits	South Africa	764,016	-	764,016		-	-	-		764,016
Koolyanobbing	Australia	2,649,738	-	2,649,738		(1,922,675)	-	(1,922,675)		727,063
Otto Bore	Australia	583,612	-	583,612		(10,155)	(43,070)	(53,225)		530,387
Pedra Branca	Brazil	450,131	-	450,131		-	-	-		450,131
Bulong	Australia	544,957	-	544,957		(16,222)	(92,174)	(108,396)		436,561
Brauna	Brazil	262,328	-	262,328		(108,152)	(32,048)	(140,200)		122,128
Montanore	USA	61,572	-	61,572		-	-	-		61,572
Other	Australia	3,893,812	132,070	4,025,882		(144,234)	-	(144,234)		3,881,648
Other	Canada	624,919	-	624,919		-	-	-		624,919
Other	Peru	45,609	-	45,609		-	-	-		45,609
Total		45,577,479	14,396,189	59,973,668		(7,593,291)	(3,182,449)	(10,775,740)		49,197,928

Total royalty interests include carrying amounts in the following countries:

		September 30, 2025				December 31, 2024
		$				$
Australia			40,222,207				30,452,281
Canada			2,756,817				2,756,817
USA			2,186,192				2,210,330
South Africa			1,914,844				1,914,844
Mali			1,500,000				-
Brazil			572,259				604,307
Peru			45,609				45,609
			49,197,928				37,984,188

7

Vox Royalty Corp.  Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (Expressed in United States Dollars)

Royalties acquired during the nine months ended September 30, 2025

Kanmantoo

On May 15, 2025, the Company completed the acquisition of the producing Kanmantoo copper-gold royalty in Australia for a purchase price net of pre-acquisition royalties received by Vox of $11,751,838. The net purchase price of $11,712,749 comprised the following:

	·	Cash consideration of $11,700,000 paid to the royalty seller;
	·	Legal and professional fees of $95,409;
	·	Share-based compensation of $60,980; and
	·	Reduced for the royalty revenues earned for the period May 1, 2025 to May 14, 2025 of $104,551.

Wyloo North

On September 3, 2025, the Company completed the acquisition of the Wyloo North 1.5% gross revenue iron ore royalty in Australia for total cash consideration of A$1,544,812 ($1,012,281). The royalty is payable on the first 15 million tonnes of iron ore production from the Wyloo North deposit.

Dandoko

On September 26, 2025, the Company completed the acquisition of the Dandoko 1.0% net smelter return gold royalty in Mali for total consideration of $4,000,000. The consideration comprised the following:

	·	Cash consideration of $1,500,000 paid to the royalty seller on completion of the acquisition;
	·	Contingent consideration #1 of $1,250,000 upon first royalty receipts; and
	·	Contingent consideration #2 of $1,250,000 on receipt of payment of 500Koz production from the royalty area.

St Ives

On September 26, 2025, the Company completed the acquisition of the St Ives 1.04% net gross revenue gold royalty in Australia for total cash consideration of $50,000.

Deferred asset acquisitions

Deferred asset acquisitions as at September 30, 2025 of $60,140 (December 31, 2024 - $Nil) relates to costs incurred prior to the execution and closing of an asset acquisition. Deferred asset acquisition costs are reallocated to royalty interests or streams and other interests upon signing of a definitive agreement. If management determines not to proceed with a proposed acquisition, the deferred costs are expensed as project evaluation expenses.

6. Streams and other interests

		September 30, 2025				December 31, 2024
		$				$
Balance, beginning of period			-				-
Additions			56,125,993				-
Depletion			(67,656	)			-
Revaluation of asset			-				-
Balance, end of period			56,058,337				-

On September 26, 2025, Vox acquired a portfolio of eight PMPAs, historically referred to as “offtakes” from Deterra Royalties Limited for total upfront cash consideration of $55,950,000. The contracts cover ten mines and projects across 6 jurisdictions, including Brazil, Canada, Côte d’Ivoire, Mexico, South Africa and the USA.

Although originally labeled as offtakes by previous owners, these PMPAs are, in substance, more closely aligned with streaming arrangements. Under the terms of these agreements, Vox purchases a defined percentage of payable gold at a dynamic price that is typically set by market reference prices (LBMA or COMEX) and grants the ability to Vox to capture margin at the time of on-sale of metal on each delivered ounce. This pricing and physical metal delivery mechanism provides Vox with direct exposure to metal production and price movements, similar to traditional streaming agreements. These PMPAs are economically driven by cash flows linked to both metal pricing fluctuations and production volumes, analogous to streams. Accordingly, Vox considers these PMPAs to be more equivalent to streams and will refer to them as such in its portfolio reporting and future disclosure.

Net proceeds from precious metal sales was $143,390 for the three and nine months ended September 30, 2025, which comprised gross revenue of $2,503,655 and cost of sales of $2,360,265.

8

Vox Royalty Corp.  Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (Expressed in United States Dollars)

7. Credit facility

On September 23, 2025, the Company amended its credit agreement with the Bank of Montreal (“BMO”) providing for an upsized $40,000,000 million secured revolving credit facility (the “Facility”). The Facility includes an accordion feature which provides for an additional $35,000,000 of availability subject to certain conditions, resulting in total funding capacity under the Facility of $75,000,000. The Company executed a second amendment subject to satisfaction of conditions precedent for the effectiveness thereof for the increase of the Facility and the accordion feature. The previous credit facility was a $15,000,000 million secured revolving credit facility that included an accordion feature for an additional $10,000,000.

The Facility, secured against all material assets of the Company, as defined in the credit agreement, is available for general corporate purposes, acquisitions, and investments, subject to certain limitations. At the Company’s election, amounts drawn on the Facility bear interest at either (i) a rate determined by reference to the U.S. dollar prime rate plus a margin of 1.5% to 2.5% per annum, or (ii) the secured overnight financing rate plus a margin of 2.50% to 3.50% per annum. The undrawn portion of the Facility is subject to a standby fee of 0.5625% to 0.7875% per annum, all of which is dependent on the Company’s leverage ratio (as defined in the amended credit agreement with BMO). The Facility matures on September 23, 2028, and is extendable one-year at a time through mutual agreement between Vox and BMO. The Facility includes covenants that require the Company to maintain certain financial ratios, including the Company’s leverage ratios and meet certain non-financial requirements. As at September 30, 2025, Vox was in compliance with all such covenants.

The following summarizes the outstanding balance under the Facility as at September 30, 2025 and December 31, 2024:

		September 30, 2025				December 31, 2024
		$				$
Balance, beginning of period			-				-
Borrowings			16,700,000
Repayments			(5,000,000	)			-
Balance, end of period			11,700,000				-