Icarus Capital Corp. Reports Strong First-Half 2026 Financial Results with 30% Revenue Growth and Positive Net Income

Surrey, BC – August 28, 2026 – Leads & Copy – Icarus Capital Corp. (TSXV: ICRS) reported its financial results for the first six months of 2026, showcasing a 30% year-over-year increase in revenue and achieving positive net income for the period. Revenue grew to $863,431 from $666,643 in the same period of 2025, while the company recorded a net income of $4,174, a significant improvement from a net loss of $47,009 in the previous year.

The financial performance was influenced by several factors, including the forgiveness of $61,059 in debt related to the resolution of historical obligations. The company also received $70,000 in proceeds from a private placement, which is pending regulatory approvals and closing conditions.

General and administrative expenses saw an increase, rising to $336,499 from $221,763 in the comparable period of 2025. This rise is primarily attributed to increased professional fees for audit, accounting, and legal services.

Icarus Capital Corp. CEO Eric Y. Lapointe expressed satisfaction with the half-year results, noting the revenue growth and overall financial improvement. "We are pleased with the progress reflected in our first-half results, particularly the growth in revenue and improvement in our overall financial performance," Lapointe stated.

Chief Financial Officer Arjun Rudra elaborated on the company's growth strategy, which focuses on expanding programming in a measured way by leveraging existing infrastructure and relationships. "Our growth strategy has focused on expanding our programming in a measured way while making greater use of the infrastructure and relationships we already have in place," Rudra said. "During the first half of 2026, we continued to add new shows and enter additional markets while remaining focused on the economics of each opportunity. We believe this disciplined approach is beginning to be reflected in our operating results."

The company's unaudited interim financial statements and Management’s Discussion and Analysis for the periods ended June 30, 2026, are accessible on SEDAR+ under the Company's profile.

Icarus Capital Corporation, based in Surrey, BC, Canada, specializes in live and digital entertainment, with a primary focus on stand-up comedy. The company operates Yuk Yuk’s Calgary Comedy Club, Yuk Yuk’s Surrey Comedy Club, Yuk Yuk’s Media, and Yuk Yuk’s Western Canadian Theatre Shows. More information is available at www.icaruscapital.ca.

Source: Icarus Capital Corp