# EDGAR Filing Document

**Accession Number:** 0001888151
**File Stem:** 0001493152-25-024972
**Filing Date:** 2025-11
**Character Count:** 142579
**Document Hash:** b759d2f148b5413b90ae1b6627c0a601
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-024972.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001493152-25-024972

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 84

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Femto Technologies Inc.
- **CENTRAL INDEX KEY:** 0001888151
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41408
- **FILM NUMBER:** 251520749

**BUSINESS ADDRESS:**
- **STREET 1:** 2264E 11TH AVENUE
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V5N1Z6
- **BUSINESS PHONE:** 16048336820

**MAIL ADDRESS:**
- **STREET 1:** 2264E 11TH AVENUE
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V5N1Z6

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BYND CANNASOFT ENTERPRISES INC.
- **DATE OF NAME CHANGE:** 20211014

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

------

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

------

For the month of November 2025

Commission File Number: 001-41408

**FEMTO TECHNOLOGIES INC.**

**(formerly known as BYND Cannasoft Enterprises Inc.)**

(Translation of registrant's name into English)

**7000 Akko Road**

**Kiryat Motzkin**

**Israel**

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

If "Yes" marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________

On November 25, 2025, Femto Technologies Inc. (formerly known as BYND Cannasoft Enterprises Inc.) (the "Company") issued its unaudited consolidated financial statements and the related management discussion and analysis for the quarter ended September 30, 2025, in accordance with the rules and regulations of the British Columbia Securities Commission.

The financial statements and related management discussion and analysis are attached hereto as Exhibit 99.1 and 99.2, respectively, and are incorporated herein by reference.

**<u>EXHIBIT INDEX</u>**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | [Consolidated Financial Statements for the six months ended September 30, 2025](ex99-1.htm) |
| 99.2 | [Management Discussion and Analysis](ex99-2.htm) |
| 99.3 | [Certification of Annual Filings — CEO](ex99-3.htm) |
| 99.4 | [Certification of Annual Filings — CFO](ex99-4.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

November 25, 2025

---

| | |
|:---|:---|
| **FEMTO TECHNOLOGIES INC.** | **FEMTO TECHNOLOGIES INC.** |
| By: | */s/ Yftah Ben Yaackov* |
| Name: | Yftah Ben Yaackov |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

?xml version='1.0' encoding='ASCII'?

**Exhibit 99.1**

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)**

**CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025**

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

**NOTICE TO READER**

Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the condensed consolidated interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's independent auditors have not audited, reviewed or otherwise attempted to verify the accuracy or completeness of these condensed consolidated interim financial statements. Readers are cautioned that these statements may not be appropriate for their intended purposes.

November 25, 2025

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)**

**Consolidated Interim Statements of the Financial Position**

(Expressed in Canadian dollars)

(Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **As at** | **Notes** | **September 30,** **2025** | **December 31, 2024** |
| **<u>Assets</u>** |  |  |  |
| Cash |  | $17337450 | $4617034 |
| Accounts receivable | 4 | 501300 | 315714 |
| Prepaid expenses |  | 102347 | 41093 |
| **Total Current Assets** |  | 17941097 | 4973841 |
| Intangible assets | 5 | 20262767 | 25262767 |
| Property and equipment | 6 | 3287 | 4459 |
| **Total Assets** |  | $38207151 | $30241067 |
| **<u>Liabilities and Shareholders' Equity</u>** |  |  |  |
| **Liabilities** |  |  |  |
| <br> Trade payables and accrued liabilities | 7 | $233425 | $401938 |
| Related Parties | 8 | 441596 | 233691 |
| Deferred revenue | 13 | 54462 | 140088 |
| Enhanced voting preference shares |  | 36542 | 35608 |
| Long term loan – current portion | 9 | 38593 | 40769 |
| **Total Current Liabilities** |  | 804618 | 852094 |
| Derivative warrants liabilities | 10 | 31379 | 24517927 |
| Derivative for settlement agreement |  | 535129 | 378817 |
| Long term loan | 9 | 60686 |  |
| Liabilities for employee benefits | 11 | 108471 | 100430 |
| **Total Liabilities** |  | $1540283 | $25849268 |
| **Shareholders' equity** |  |  |  |
| Share capital | 12 | $94159371 | $76391417 |
| Share-based payment reserve |  | 1034933 | 1043586 |
| Translation differences reserve |  | (298435) | (164312) |
| Capital reserve for re-measurement of defined benefit plan | 11 | 31403 | 23534 |
| Accumulated Deficit |  | (58260404) | (72902426) |
| Total Shareholders' equity |  | $36666868 | $4391799 |
| **Total Liabilities and Shareholders' Equity (Deficit)** |  | $38207151 | $30241067 |

---

**Nature of operations and going concern** (Note 1)

**Subsequent events (**Note 15)

These condensed consolidated interim financial statements were approved for issue by the Board of Directors on November 25, 2025 and signed on its behalf by:

<u>*"Yftah Ben Yaackov"*</u> <u>*"Gabi Kabazo"*</u> <br> Director Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)**

**Consolidated Interim Statements of Profit (Loss) and Comprehensive Profit (Loss)**

(Expressed in Canadian dollars)

(Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Three months ended September 30** | **Three months ended September 30** | **Nine months ended September 30** | **Nine months ended September 30** |
| <br>**For the** | <br>**Notes** | **2025** | **2024** | **2025** | **2024** |
| Revenue | 13 | $211073 | $101619 | $618994 | $816533 |
| Cost of revenue | 614 | (203747) | (193396) | (576955) | (731052) |
| **Gross profit** |  | 7326 | (91777) | 42039 | 85481 |
| Consulting and marketing |  | 345583 | 330671 | 1186240 | 453255 |
| Research and development |  | 638676 | 581727 | 2408079 | 1612881 |
| Depreciation and amortization | 6 | 159 | 648 | 1444 | 3522 |
| Share-based compensation |  | 172641 | 115959 | 2224987 | 3732833 |
| General and admin expenses |  | 488071 | 391826 | 2069532 | 1418497 |
| Professional fees |  | 437759 | 318239 | 1650833 | 1355091 |
|  |  | 2082889 | 1739070 | 9541115 | 8576079 |
| **Loss before other income (expense)** |  | $(2075563) | $(1830847) | $(9499076) | $(8490598) |
| Other income (expense) |  |  |  |  |  |
| Gain (loss) from warrants revaluation | 10 |  | 2113160 | 30389592 | (21887227) |
| Impairments |  | (5000000) | (5601167) | (5000000) | (5601167) |
| Loss from settlement agreement revaluation |  | (15077) |  | (986764) |  |
| Foreign exchange gain (loss) |  | 434333 | (94285) | (721084) | (32366) |
| Finance income, net |  | 199268 | (5631) | 480011 | 78166 |
|  |  | (4381476) | (3587923) | 24161755 | (27442594) |
| **Income (loss) before tax** |  | $(6457039) | $(5418770) | $14662679 | $(35933192) |
| Tax expense |  | (7690) | 300 | (20657) | (25220) |
| **Income (loss) for the period** |  | $(6464729) | $(5418470) | $14642022 | $(35958412) |
| **Other comprehensive income (loss)** |  |  |  |  |  |
| *Items that may be reclassified to profit or loss* |  |  |  |  |  |
| Remeasurement of a defined benefit plan, net |  | 2698 | 121 | 7869 | 365 |
| Exchange differences on translation of foreign operations |  | $(74980) | $1532 | $(134123) | $3671 |
| **Other comprehensive income (loss) for the period** |  | $(72282) | $1653 | $(126254) | $4036 |
| **Total comprehensive income (loss)** |  | $(6537011) | $(5416817) | $14515768 | $(35954376) |
| **Income (loss) per share – basic and diluted\*** |  | $(7.54) | $(4155) | $27.74 | $(44290) |
| **Weighted average shares outstanding – basic and diluted** |  | 857501 | 1304 | 527914 | 812 |

---

\* Adjusted to reflect one (1) for seventeen (17) reverse stock split in August 2024 and a one (1) for five hundreds (500) reverse stock split in April 2025 (see Note 1)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)**

**Consolidated Interim Statements of Changes in Shareholders' Equity**

(Expressed in Canadian dollars)

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number**<br>**of**<br>**shares\*** | ****<br>**Share**<br>**capital** | **Shares**<br>**to be**<br>**issued** | **Share purchase**<br>**warrants**<br>**reserve** | **Share-based**<br>**payment**<br>**reserve** | **Capital reserve for re-measurement**<br>**of defined**<br>**benefit plan** | ****<br>**Total** |
|  | | **$** | **$** | **$** | **$** | **$** | **$** |
| Balance at January 1, 2024 | 26 |  |  | -) |  | 13764) |  |
| Cancellation of stock options |  |  |  | -) |  |  |  |
| Loss for the period |  |  |  |  |  | -) |  |
| Shares issued for services | 302) |  |  |  |  |  |  |
| Shares, pre-funded warrants and warrants issued for cash, net | 929 |  |  |  |  |  |  |
| Allocation to derivative warrants liabilities | -) |  |  |  |  | -) |  |
| Shares issued pursuant to a Settlement Agreement | 53 |  |  |  |  |  |  |
| Other comprehensive loss for the period | - |  |  | - |  | 365 |  |
| Balance at September 30, 2024 | 1310 |  |  | - |  | 14129 |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Number of**<br>**shares\*** |<br>**Share**<br>**capital** |<br>**Shares<br> to be**<br>**issued** | **Share**<br>**purchase<br> warrants**<br>**reserve** | **Share-**<br>**based<br> payment**<br>**reserve** | **Capital reserve for** re-**<br>**measurement<br> of defined**<br>**benefit plan** |
|  | | **$** | **$** | **$** | **$** | **$** |
| Balance at January 1, 2025 | 1311 |  |  | -) |  | 23534) |
| Shares, pre-funded warrants and warrants issued for cash, net | 4167 |  |  |  |  |  |
| Shares issued for cashless exercise of warrants | 652767 |  |  |  |  |  |
| Allocation to derivative warrants liabilities | -) |  |  |  |  | -) |
| Profit for the period |  |  |  |  |  |  |
| Shares issued for services | 202258 |  |  |  |  |  |
| Share-based payments | 20006 |  |  | -) |  |  |
| Share repurchase | (19747) |  |  |  |  | -) |
| Other comprehensive loss for the period | - |  |  | - |  | 7869 |
| Balance at September 30, 2025 | 860762 |  |  | - |  | 31403 |

---

\* Adjusted to reflect one (1) for seventeen (17) reverse stock split in August 2024 and a one (1) for five hundreds (500) reverse stock split in April 2025 (see Note 1)

The accompanying notes are an integral part of these condensed consolidated financial statements.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)**

**Consolidated Interim Statements of Cash Flows**

**For the nine months ended September 30, 2025 and 2024**

(Expressed in Canadian dollars)

(Unaudited)

---

| | | |
|:---|:---|:---|
| **As at** | **September 30,** <br> **2025** | **September 30,** <br> **2024** |
| **Operating activities:** |  |  |
| Profit (loss) for the period | $14642022 | $(35958412) |
| Items not involving cash: |  |  |
| &nbsp;&nbsp;&nbsp;Finance expense | 3744 | 3950 |
| &nbsp;&nbsp;&nbsp;Impairments | 5000000 | 5601167 |
| &nbsp;&nbsp;&nbsp;Share-based compensation | 2224987 |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2688 | 4414 |
| &nbsp;&nbsp;&nbsp;Loss from revaluation of settlement agreement | 986764 |  |
| &nbsp;&nbsp;&nbsp;Change in benefits to employees | 15910 | 7700 |
| &nbsp;&nbsp;&nbsp;Shares issued for services |  | 3095593 |
| &nbsp;&nbsp;&nbsp;Shares issued pursuant to a settlement agreement |  | 546122 |
| &nbsp;&nbsp;&nbsp;Loss (gain) from revaluation of warrants | (30389592) | 21887227 |
| &nbsp;&nbsp;&nbsp;Unrealized foreign exchange loss (gain) | 67453 | (37539) |
| Changes in non-cash working capital items: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts receivables | (185586) | (5381) |
| &nbsp;&nbsp;&nbsp;Trade payables and accrued liabilities | (168513) | 94157 |
| &nbsp;&nbsp;&nbsp;Deferred revenue  | (85626)<br>| (108984)<br>|
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (61254) | (46542) |
| Related parties | 207905 | (202423) |
| **Net cash used in operating activities** | (7739098) | (5118951) |
| **Investing activities:** |  |  |
| Purchase of property and equipment | (1300) | - |
| **Net cash used in investing activities** | (1300) | - |
| **Financing activities:** |  |  |
| Share repurchase | (127785) |  |
| Proceeds from issuance of enhanced voting preference shares |  | 35608 |
| Proceeds from public offering, net | 20734691  | 7831226<br>|
| Repayment of long-term loan | (48199) | (35245) |
| Receipt of loans | 104978 | - |
| **Net cash provided by financing activities** | 20663685 | 7831589 |
| **Net Increase in cash** | $12923287 | $2712638 |
| **Effect of foreign exchange rate changes on cash** | (202871) | 37271 |
| **Cash at beginning of period** | 4617034 | 3113934 |
| **Cash at end of period** | $17337450 | $5863843 |
| **Supplemental disclosure of cash flow information** |  |  |
| **Cash paid during the period for interest** | $3744 | $3950 |

---

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN**

Femto Technologies Inc. (Formerly known as BYND Cannasoft Enterprises Inc.) (the "Company" or "Femto") is a Canadian company which was amalgamated under the Business Corporations Act (British Columbia) on March 29, 2021. The Company's registered address is 2264 East 11<sup>th</sup> Avenue, Vancouver, Canada.

The Company currently operates only in Israel and through its subsidiaries (i) develops, markets and sells a proprietary client relationship management software known as "Benefit CRM" and its new Cannabis CRM platform, and (ii) is developing the Sensera device (formerly the EZ-G device), a unique, patent pending device that, combined with proprietary software (provisional application), regulates the flow of low-concentration CBD oils into the soft tissues of the female sexual organs.

On March 29, 2021, the Company completed the business combination transactions with BYND – Beyond Solutions Ltd. ("BYND"). As a result of the business combination transactions, BYND became a wholly owned subsidiary of the Company. This transaction is accounted for as a reverse asset acquisition of the Company by BYND ("RTO").

On March 29, 2021, BYND completed the share exchange agreement with B.Y.B.Y. As a result of the share exchange agreement, BYND holds 74% ownership interest in B.Y.B.Y. One of the former shareholders holds the remaining 26% ownership interest in B.Y.B.Y. in trust for BYND, for the purpose to comply with Israeli Cannabis Laws regarding the ownership of medical cannabis license rights This transaction was accounted for as asset acquisition according to *IFRS 2 Share-based Payment.*

On September 22, 2022, the Company and the former shareholder of Zigi Carmel Initiatives and Investments Ltd. ("ZC") entered into a share exchange agreement, whereby the Company would acquire 100% ownership interest in ZC from the former shareholder in exchange for 7,920,000 subordinate voting shares (5 subordinate voting shares post reverse splits) of the Company. The share exchange agreement was executed and fully completed on September 22, 2022.

Effective July 22, 2024, the Company changed its name to Femto Technologies Inc.

*Reverse stock splits*

 

On March 15, 2024, the Company announced a one (1) for one hundred ninety (190) reverse stock split of its outstanding subordinate voting shares that became effective on March 22, 2024.

On August 16, 2024, the Company announced a one (1) for seventeen (17) reverse stock split of its outstanding subordinate voting shares that became effective on August 26, 2024.

On April 17, 2025, the Company announced a one (1) for five hundreds (500) reverse stock split of its outstanding subordinate voting shares that became effective on April 22, 2025.

All shares, stock options, share purchase warrants, RSU's and per share information in these consolidated financial statements have been restated to reflect the reverse stock splits on a retroactive basis.

 

 

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN (continued)**

 

*War in Israel*

In October 2023, the Iron Swords War (the "War") broke out in the State of Israel. The prolongation of the War led to a slowdown in business activity in the Israeli economy, inter alia due to the closure of factories in the south and north of the country, damage to infrastructure, recruitment of reserve forces for long periods, and therefore, to disruption of economic activity in Israel.

The war led to fluctuations in prices of merchandise, foreign currency exchange rates and affected on the availability of materials, availability of personnel, local services and access to local resources affected entities whose main activity is with or in Israel.

During October 2025, a ceasefire agreement was signed between Israel and the terrorist Organization "Hamas" through the mediation of several countries, primarily the United States, following which Israel partially withdrew from the Gaza Strip. As of the date of these interim financial statements, the full terms of the first part of the ceasefire agreement have not yet been fulfilled, and there is uncertainty regarding the fulfillment of all the conditions for its implementation, including the demilitarization of Gaza strip. Thus, the current situation remains volatile, and the risk of broader regional escalation involving additional actors persists.

Since this is an event beyond the Company's control and characterized by uncertainty, inter alia as to the of the completion of the ceasefire agreement, as of the approval date of these consolidated financial statements, the Company is unable to predict the intensity of the impact of the War on the Company's financial condition and the results of the Company's operations.

*Going Concern*

These condensed interim consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. These financial statements do not reflect the adjustments to the carrying values of assets and liabilities, the reported revenues and expenses, and the statement of financial position classifications used, that would be necessary if the Company were unable to realize its assets and settle its liabilities as a going concern in the normal course of operations. Such adjustments could be material.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND USE OF ESTIMATES AND JUDGMENTS** 

**a.** **Basis of presentation and statement of compliance** 

These condensed interim consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and interpretations of the International Financial Reporting Issues Committee ("IFRIC") applicable to the preparation of interim financial statements, including International Accounting Standard ("IAS") 34 Interim Financial Reporting.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND USE OF ESTIMATES AND JUDGMENTS (continued)** 

The notes presented in these condensed consolidated interim financial statements include only significant events and transactions occurring since the Company's last fiscal year end and they do not include all of the information required in the Company's most recent annual consolidated financial statements. Except as noted below, these condensed consolidated interim financial statements follow the same accounting policies and methods of application as the Company's annual financial statements and should be read in conjunction with the Company's annual financial statements for the year ended December 31, 2024, which were prepared in accordance with IFRS as issued by IASB. There have been no significant changes in judgement or estimates from those disclosed in the consolidated financial statements for the year ended December 31, 2024.

**b.** **Basis of Consolidation** 

The condensed consolidated interim financial statements incorporate the financial statements of the Company and of its wholly owned subsidiaries, BYND, Zigi Carmel and B.Y.B.Y.. B.Y.B.Y is owned directly through BYND and 24% of the shares of B.Y.B.Y. are held by a related party in trust for the Company for the purpose to comply with Israeli Cannabis Laws regarding the ownership of medical cannabis license rights.

A subsidiary is an entity over which the Company has control, directly or indirectly, where control is defined as the power to govern the financial and operating policies of an enterprise so as to obtain benefits from its activities.

A subsidiary is consolidated from the date upon which control is acquired by the Company and all intercompany transactions and balances have been eliminated on consolidation.

**c.** **Basis of Measurement** 

The condensed consolidated interim financial statements were prepared based on the historical costs, except for financial instruments classified as fair value through profit and loss ("FVTPL") and assets or liabilities for employee benefits, which are stated at their fair value. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information.

**d.** **Currency of Operation and Currency of Presentation** 

The condensed consolidated interim financial statements are presented in Canadian dollars. The functional currency of the Company is Canadian dollars, and the functional currency of its subsidiaries is the New Israeli Shekel ("NIS"). NIS represents the main economic environment in which the subsidiaries operate.

**e.** **Significant estimates and assumptions** 

The preparation of these condensed consolidated interim financial statements in accordance with IFRS requires the Company to use judgment in applying its accounting policies and make estimates and assumptions about reported amounts at the date of the financial statements and in the future. The Company's management reviews these estimates and underlying assumptions on an ongoing basis, based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates are adjusted for prospectively in the period in which the estimates are revised.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND USE OF ESTIMATES AND JUDGMENTS (continued)** 

*Income taxes* 

Provisions for income taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these income tax provisions at the end of each reporting period. However, it is possible that at some future date an additional liability could result from audits by tax authorities. Where the final outcome of these tax-related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made. Deferred tax assets are recognized when it is determined that the company is likely to recognize their recovery from the generation of taxable income.

*Useful lives of property and equipment* 

Estimates of the useful lives of property and equipment are based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed annually and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence, and legal or other limits on the use of the relevant assets. In addition, the estimation of the useful lives of the relevant assets may be based on internal technical evaluation and experience with similar assets. It is possible, however, that future results of operations could be materially affected by changes in the estimates brought about by changes in the factors mentioned above. The amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. A reduction in the estimated useful lives of the equipment would increase the recorded expenses and decrease the non-current assets.

 

*Convertible debentures*

The identification of convertible note components is based on interpretations of the substance of the contractual arrangement and therefore requires judgement from management. The separation of the components affects the initial recognition of the convertible debenture at issuance and the subsequent recognition of interest on the liability component. The determination of the fair value of the liability is also based on a number of assumptions, including contractual future cash flows, discount rates and the presence of any derivative financial instruments.

Other Significant Judgments

The preparation of financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments in applying the Company's financial statements include:

● the assessment of the Company's ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty;

● the classification of financial instruments;

● the assessment of revenue recognition using the five-step approach under IFRS 15 and the collectability of amounts receivable; and

● the determination of the functional currency of the company.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 3 – ACQUISITIONS**

*Acquisition of Zigi Carmel*

On September 22, 2022, the Company and the former shareholder of Zigi Carmel Initiatives and Investments Ltd. ("ZC") entered into a share exchange agreement, whereby the Company would acquire 100% ownership interest in ZC from the former shareholder in exchange for 7,920,000 subordinate voting shares (5 subordinate voting shares post reverse splits) of BYND. The share exchange agreement was executed and fully completed on September 22, 2022.

The acquisition of ZC has been accounted for as asset acquisition according to *IFRS 2 Share-based Payment* as the acquired assets and liabilities do not constitute a business under IFRS 3 *Business Combinations*. The transaction price of the acquisition was measured according to the fair value of the subordinate voting shares given in consideration for the assets and liabilities assumed from the acquisition, with equity increased by the corresponding amount equal to the total fair value of the subordinate voting shares given. As a result, the acquisition was recorded with the consideration as detailed in the table below:

---

| |
|:---|
| **Consideration transferred:** |
| &nbsp;&nbsp;&nbsp;Value allocated to shares issued 7,920,000 shares (5 subordinate voting shares post reverse splits) at $5.40 per share |
| **Fair value of assets and liabilities acquired:** |
| &nbsp;&nbsp;&nbsp;Investments |
| &nbsp;&nbsp;&nbsp;Intangible asset – patents pending |
| &nbsp;&nbsp;&nbsp;Shareholder loan |

---

The intangible asset acquired in the acquisition of ZC is attributed to 2 patents pending for a therapeutic device (the "Sensera" device) owned by ZC. The company has determined that the patents pending shall not be amortized until they are approved and then will be amortized over the course of their life.

**NOTE 4 – ACCOUNTS RECEIVABLE**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Trades receivables | $115310 | $113422 |
| Income tax advances | 37379 | 66444 |
| Interest receivable | 347377 | 134823 |
| Due from shareholders | 1234 | 1025 |
|  | $501300 | $315714 |

---

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 5 – INTANGIBLE ASSETS**

The Company's intangible assets relate to the proprietary Cannabis CRM software the Company is Developing and Patents pending for the Sensera device (Note 3). The Additions for the Software include cost of wages of the software developers for the time they spend on developing the Cannabis CRM software.

The additions for the Patents include the fair value attributed to the Patents upon the acquisition of ZC as well as transaction and other costs in the amount of $193,382.

The Company considered indicators of impairment at December 31, 2024. The Company recorded impairment loss during the year ended December 31, 2024 and during the nine month ended September 30, 2025 for the patents pending since the recoverable amount is lower than the carrying amount. The recoverable amount of the CGU was determined using fair value less costs to sell based on a third-party valuation. The valuation used a market approach with Level 2 inputs, including recent comparable transactions and observable market data. Costs of disposal were estimated at 2% of fair value.

---

| | | | |
|:---|:---|:---|:---|
| Cost | Software | Patent applications and<br> technological know how | Total |
| Balance, December 31, 2023 | $81238 | $33463103 | $33544341 |
| Additions |  |  |  |
| Impairments |  | (8200336) | (8200336) |
| Translation differences | - | - | - |
| Balance, December 31, 2024 | 81238 | 25262767 | 25344005 |
| Additions | - | - | - |
| Impairments |  | (5000000) | (5000000) |
| Translation differences |  |  |  |
| Balance, September 30, 2025 | $81238 | 20262767 | $20344005 |
| Accumulated depreciation |  |  |  |
| Balance, December 31, 2023 | $81238 |  | $81238 |
| Depreciation |  |  |  |
| Translation differences | - | - | - |
| Balance, December 31, 2024 | 81238 |  | 81238 |
| Depreciation  | - | - | - |
| Balance, September 30, 2025 | $81238 | - | $81238 |
| **Net book value** |  |  |  |
| **At December 31, 2024** | $**-** | **25262767** | $**25262767** |
| **At September 30, 2025** | $**-** | **20262767** | $**20262767** |

---

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 6 – PROPERTY AND EQUIPMENT**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Computers & Equipment** | **Vehicles** | **Furniture & Equipment** | **Total** |
| **Cost** |  |  |  |  |
| Balance, January 1, 2024 | $34164 | $171633 | $32614 | $238411 |
| Additions | **-** | **-** | **-** |  |
| Impairments |  | **-** | **-** |  |
| Translation differences | 2448 | 13788 | 2621 | 18857 |
| **Balance, December 31, 2024** | 36612 | 185421 | 35235 | 257268 |
| Additions | 1300 |  |  | 1300 |
| Disposals |  |  |  |  |
| Translation differences | 2313 | 12564 | 2388 | 17265 |
| **Balance, September 30, 2025** | $40225 | $197985 | $37623 | $275833 |
| **Accumulated depreciation** |  |  |  |  |
| Balance as of January 1, 2024 | $28321 | $170073 | $30492 | $228886 |
| Depreciation | 3204 | 1582 | 584 | 5370 |
| Translation differences | 2299 | 13766 | 2488 | 18553 |
| **Balance, December 31, 2024** | 33824 | 185421 | 33564 | 252809 |
| Depreciation | 2223 |  | 465 | 2688 |
| Translation differences | 2183 | 12564 | 2302 | 17049 |
| **Balance, September 30, 2025** | $38230 | $197985 | $36331 | $272546 |
| **Net book value** |  |  |  |  |
| **At December 31, 2024** | $**2788** | $**-** | $**1671** | $**4459** |
| **At September 30, 2025** | $**1995** | $**-** | $**1292** | $**3287** |

---

During the nine months ended September 30, 2025, depreciation of $1,244 (2024 - $891) related to computer and equipment is included in cost of revenue.

**NOTE 7 – TRADE PAYABLES AND ACCRUED LIABILITIES**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Trades payables | $182413 | $322235 |
| VAT, income and dividend taxes payable | 8898 | 29625 |
| Salaries payable | 42114 | 50078 |
|  | $233425 | $401938 |

---

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 8– RELATED PARTY TRANSACTIONS BALANCES**

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of members of the Company's Board of Directors and corporate officers. The remuneration of directors and key management personnel, not including normal employee compensation, made during the nine months ended September 30, 2025 and the nine months ended September 30, 2024 is set out below:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2024** |
| salary (cost of sales) | 120175 | 288111 |
| consulting (research and development) | 94191 | 92095 |
| consulting (professional fees) | 153445 | 122915 |
| share based payments | 2133645 | 2858303 |
| salary (general and administrative expenses) | 1810424 | 1237919 |
|  | $4311880 | $4599343 |

---

As at September 30, 2025, $1,234 was owed from shareholders of the company (December 31, 2024– $1,025). Amounts owed were recorded in accounts receivable are non-interest bearing and unsecured.

As at September 30, 2025, $441,596 was owed to directors of the Company (December 31, 2024– $233,691). Amounts due are non-interest bearing and unsecured.

**NOTE 9 – LONG TERM LOAN**

During the year ended December 31, 2020, the Company secured a term loan with a principal amount of $182,542 (NIS 500,000) from an Israeli bank. The loan bears interest at a variable rate of prime + 1.50% per annum and matures on September 18, 2025. The loan is subject to 48 monthly payments commencing October 18, 2021. $9,127 (NIS 25,000) was deposited in the bank as security for the loan.

During the period ended September 30, 2025, the Company secured three term loans with principal amounts of $39,674 (NIS 100,000), $39,674 (NIS 100,000) and $25,449 (NIS 64,000) from an Israeli bank. The loans bear interest at a variable rate of prime + 2.56% to 2.74% per annum and mature on May 20, 2027, April 20, 2028 and August 20. 2030. The loans are subject to 24 and 36 monthly payments commencing June 20, 2025 and May 20, 2025.

The activities of the long term loans during the nine-month ended September 30, 2025 are as follows:

SCHEDULE OF LONG TERM LOAN

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Balance, opening | $40769 | $85107 |
| Repayments | (48199) | (47818) |
| Addition | 104978 |  |
| Interest expense, accrued | 3744 | 4848 |
| Translation difference | (2013) | (1368) |
| Balance, ending | 99279 | 40769 |

---

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 9 – LONG TERM LOAN (continued)**

---

| | | |
|:---|:---|:---|
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;Long term loan – current portion | 38593 | 40769 |
| Long term loan | $60686 | $- |

---

The undiscounted repayments for each of the next six years and in the aggregate are:

SCHEDULE OF UNDISCOUNTED REPAYMENTS

---

| | |
|:---|:---|
| **Year ended** | **Amount** |
| December 31, 2025 | 14560 |
| December 31, 2026 | 37226 |
| December 31, 2027 | 27618 |
| December 31, 2028 | 10137 |
| December 31, 2029 | 5672 |
| December 31, 2030 | 4066 |
|  | $99279 |

---

**NOTE 10 – DERIVATIVE WARRANTS LIABILITIES**

a. On December 21, 2023, the Company issued 2,884,616 warrants
(183,414 warrants at an exercise price of US $8.1782 post reverse splits) in connection with its December 2023 Registered direct public
offering ("December 2023 Warrants"). The warrant includes a cashless exercise provision and repricing adjustments for offerings
at a price lower than the existing exercise price of the warrants, stock splits, reclassifications, subdivisions, and other similar transactions
and also the exercise price of the warrant is not denominated in the functional currency of the Company, therefore, these warrants were
recorded at their fair value as a derivative liability at the time of the grant and revalued at the end of each reporting period.

On March 27, 2024, following the March 2024 Public offering, which included the offering of subordinate voting shares at a price lower than the exercise price of the December 2023 Warrants, the exercise price of the December 2023 Warrants was reduced to US $1.3643, and each December 2023 Warrant became convertible into 72.42 subordinate voting shares of the Company.

On August 27, 2024, following the 1:17 reverse stock split, the exercise price of the December 2023 Warrants was updated to $8.1782, and each December 2023 warrant became convertible into 31.7 subordinate voting shares of the Company.

b. On March 14, 2024, the Company issued 134,166,665 Series A
Warrants (41,538 A warrants post reverse splits) and 268,333,330 Series B Warrants (83,075 B warrants post reverse splits) in connection
with its March 2024 public offering ("March 2024 A Warrants and B Warrants"). The warrants include a cashless exercise provision
and repricing adjustments for offerings at a price lower than the existing exercise price of the warrants, stock splits, reclassifications,
subdivisions, and other similar transactions and also the exercise price of the warrant is not denominated in the functional currency
of the Company, therefore, these warrants were recorded at their fair value as a derivative liability at the time of the grant and revalued
at the end of each reporting period.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 10 – DERIVATIVE WARRANTS LIABILITIES (continued)**

On March 27, 2024, following the 1:190 reverse stock split, the exercise price of the March 2024 A Warrants and B Warrants was reduced to $1.3643, and each B warrant became convertible into 14.21 subordinate voting shares of the Company.

On August 27, 2024, following the 1:17 reverse stock split, the exercise price of the March 2024 A Warrants and B Warrants was reduced to $8.1782, and each B warrant became

convertible into 31.7 subordinate voting shares of the Company.

c. On February 26, 2025, the Company entered into an exchange
agreement with certain holders of tranches of warrants to purchase subordinate voting shares previously issued by the Company in March
2024 and December 2023. Under the Exchange Agreement, such holders agreed to exchange with the Company some of the outstanding Old Warrants
for 2,495,933 new warrants to purchase subordinate voting shares, substantially similar to the Feb 2025 Series B Warrants issued in the
Private Placement. If the exercise price of the Exchange Warrants are adjusted to the floor of US$0.76 , up to 123,253,146 subordinate
voting shares would be issuance upon the exercise of the Exchange Warrants. As a result of the Exchange Agreement, Old Warrants that
were exchanged were cancelled as of that date

d. On February 28, 2025, the Company issued 4,076,736 Series A
Warrants and 4,076,736 Series B Warrants in connection with its February 2025 private placement ("February 2025 A Warrants and
B Warrants"). If the exercise price of the Warrants are adjusted to the floor of US$0.76 , up to 201,315,663 subordinate voting
shares would be issuance upon the exercise of the Series B Warrants and up to 27,960,512 subordinate voting shares would be issuance
upon the exercise of the Series A Warrants. The warrants include a cashless exercise provision and repricing adjustments for offerings
at a price lower than the existing exercise price of the warrants, stock splits, reclassifications, subdivisions, and other similar transactions
and also the exercise price of the warrant is not denominated in the functional currency of the Company, therefore, these warrants were
recorded at their fair value as a derivative liability at the time of the grant and revalued at the end of each reporting period.

e. During the period ended September 30, 2025, the Company recorded
a gain on the revaluation of the total derivative liabilities of $30,389,592 , in the consolidated statements of Operations and Comprehensive
Loss.

f. The Company engaged an outside valuation company to calculate
the fair value of the derivative warrants, the March 2024 A Warrants and the February 2025 B Warrants were valued at the share price
for the day of valuation due to the alternative cashless provision while valuation for the March 2024 B Warrants, the February 2025 A
Warrants and the December 2023 Warrants was based on the Monte Carlo simulation model with the following assumptions:

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 10 – DERIVATIVE WARRANTS LIABILITIES (continued)**

SCHEDULE OF DERIVATIVE WARRANT LIABILITY

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **September 30, 2025** | **September 30, 2025** |
| Share Price | US$ | 7.95 | US$ | 0.76 |
| Exercise Price | US$ | 8.1782 | US$ | 380 |
| Expected life |  | 1.7 - 4.2 years |  | 3.96-4.78 year |
| Risk-free interest rate |  | 4.34% |  | 3.78% |
| Dividend yield |  | 0.00% |  | 0.00% |
| Expected volatility |  | 95% |  | 95% |
| Early exercise threshold | US$ | 12.2673 | US$ | 570 |

---

The following table presents the changes in the warrant liability during the period:

****

---

| | |
|:---|:---|
| Balance as of December 31, 2023 | $958146 |
| Issuance of March 2024 warrants | 7360662<br>|
| Changes in fair value of warrants | 28866166 |
| Reclassification to equity on exercise of warrants | (12667047) |
| Balance as of December 31, 2024 | $24517927 |
| Issuance of February 2025 warrants | 20434668 |
| Reclassification to equity on exercise of warrants | (14531624) |
| Changes in fair value of warrants | (30389592) |
| Balance as of September 30, 2025 | $31379 |

---

**NOTE 11 – EMPLOYEE BENEFITS**

The severance pay liability constitutes a defined benefit plan and was calculated using actuarial assumptions. In measuring the present value of the defined benefit obligation and the current service costs the projected unit credit method was used.

**Plan assets (liability)** 

Information on the Company's defined benefit pension plans and other defined benefit plans, in aggregate, is summarized as follows:

****

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Defined benefit plan liabilities | $(108471) | $(100430) |
| Less: fair value of plan assets or asset ceiling | - | - |
|  | $(108471) | $(100430) |

---

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 11 – EMPLOYEE BENEFITS (continued)**

**Changes in the present value of the defined benefit plan liability**

The following are the continuities of the fair value of plan assets and the present value of the defined benefit plan obligations:

****

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Balance, opening | $(100430) | $(91533) |
| Recognized in profit this year: |  |  |
| &nbsp;&nbsp;&nbsp;Interest costs | (4521) | (5614) |
| &nbsp;&nbsp;&nbsp;Current service cost | (4514) | (5605) |
| Recognized in other comprehensive profit: |  |  |
| &nbsp;&nbsp;&nbsp;Actuary loss for change of assumptions | 7869 | 9770 |
| Translation differences | (6875) | (7448) |
| Balance, ending | $(108471) | $(100430) |

---

The actual amount paid may vary from the estimate based on actuarial valuations being completed, investment performance, volatility in discount rates, regulatory requirements and other factors.

**Major assumptions in determining the defined benefit plan liability**

The principal actuarial assumptions used in calculating the Company's defined benefit plan obligations and net defined benefit plan cost for the year were as follows (expressed as weighted averages):

****

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Capitalization rate | 3.00% | 3.00% |
| Salary growth rate | 0% | 0% |
| Retirement rate | 5% | 5% |

---

**NOTE 12 – SHARE CAPITAL**

**Authorized** 

Unlimited number of subordinate voting shares without par value.

**Issued** 

As at September 30, 2025, 860,762 subordinate voting shares were issued and outstanding.

*During the nine months ended September 30, 2025*

 

On January 3, 2025, the Company issued 2,767 subordinate voting shares (6 subordinate voting shares post reverse split) following the exercise of B warrants.

On January 6, 2025, the Company issued 8,808 subordinate voting shares (18 subordinate voting shares post reverse split) following the exercise of B warrants.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 12 – SHARE CAPITAL (continued)**

On February 7, 2025, the Company issued 188,000 subordinate voting shares (376 subordinate voting shares post reverse split) to directors and consultants of the Company following the vesting of RSU's.

On February 25, 2025, the Company issued 4,000 subordinate voting shares (8 subordinate voting shares post reverse split) following the exercise of B warrants and 2,462 subordinate voting shares (5 subordinate voting shares post reverse split) following the exercise of A warrants.

On February 28, 2025, the Company announced the closing of a Private Placement with gross proceeds to the Company of approximately of $24,544,583 before deducting Agent placement commission and other expenses paid by the Company in the amount of $3,992,393, totaling in a net amount of $20,552,190. Pursuant to the Private Placement, The Company issued 2,065,120 subordinate voting shares (4,130 subordinate voting shares post reverse split), 2,011,616 Pre-Funded Warrants, 4,076,736 series A warrants and 4,076,736 series B warrants. See note 10 for a discussion of the terms of the series A and B warrants.

 

On April 21, 2025, the Company issued 7,710 subordinate voting shares (15 subordinate voting shares post reverse split) to directors following the vesting of RSU's.

On April 22, 2025, the Company issued 70,073 subordinate voting shares to its C.E.O.

On April 25, 2025, the Company issued 131,800 subordinate voting shares to directors and consultants following the vesting of RSU's.

From April 10, 2025 and until April 24, 2025, the Company issued 652,767 subordinate voting shares following the exercise of Pre-Funded Warrants and Series B Warrants that were exercised in alternative cashless method.

During the six-month period ended June 30, 2025, the Company repurchased 19,747 subordinate voting shares for $127,785 and returned them to treasury.

 

On July 15, 2025, the Company issued 20,000 subordinate voting to a consultant following the vesting of RSU's.

 

*During the nine months ended September 30, 2024*

On January 4, 2024, the Company issued 17,915 subordinate voting shares (0.012 subordinate voting shares post reverse splits) to two directors following the vesting of RSU's with a total fair

value of $53,568.

On March 14, 2024 the Company announced the closing of an underwritten public offering with gross proceeds to the Company of approximately of $9,458,400 before deducting underwriting discounts and other expenses paid by the Company in the amount of $2,097,738, totaling in a net amount of $7,360,662. Pursuant to the offering, and the overallotment allocation, The Company issued 116,680,710 subordinate voting shares (1,228 subordinate voting shares post reverse splits), 134,166,665 series A warrants and 268,333,330 series B warrants. See note 10 for a discussion of the terms of the series A and B warrants.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 12 – SHARE CAPITAL (continued)**

On April 5, 2024, the Company issued 95 subordinate voting shares (0.02 subordinate voting shares post reverse splits) to two directors following the vesting of RSU's with a fair value of $53,568.

On April 8, 2024, the Company granted 1,180,000 RSUs (139 RSUs post reverse splits) to directors and consultants of the Company, the RSUs vested immediately, and 1,180,000 subordinate voting shares (139 subordinate voting shares post reverse splits) were issued on April 8, 2024 with a fair value of $1,645,287.

On April 9, 2024, the Company granted 100,000 RSUs (12 RSUs post reverse splits) to a consultant of the Company, the RSUs vested immediately, and 100,000 subordinate voting shares (12 subordinate voting shares post reverse splits) were issued with a fair value of $143,927.

On May 27, 2024, pursuant to a Settlement Agreement Dated May 27, 2024 (the "Settlement Agreement"), the Company issued 450,000 subordinate voting shares (53 subordinate voting shares post reverse splits) (valued at US$400,500) in settlement of a dispute with the co-owner of a farm following the Company's decision to suspend the construction of a cannabis farm on that property. Under the Settlement Agreement, the shares are to be held in escrow by the Company until the earlier of (a) the third anniversary of the Settlement Agreement, or (b) the date on which the Company's board of directors resolves not to construct the cannabis farm. The number of shares to be released is subject to adjustment in the event that the market price of the Company's subordinate voting shares is lower than US$0.89 per share on the date of release.

On June 14, 2024, the Company issued 1,238,525 subordinate voting shares (146 subordinate voting shares post reverse splits) to three directors following the vesting of RSU's with a fair value of $1,205,315.

On June 19, 2024, the Company issued 23,543 subordinate voting shares (3 subordinate voting shares post reverse splits) to directors and consultants of the Company following the vesting of RSU's with a fair value of $22,657.

On July 16, 2024, the Company issued 28,000 subordinate voting shares (3 subordinate voting shares post reverse splits) to a consultant following the vesting of RSU's.

On September 20, 2024, the Company issued 75,000 enhanced voting preference shares (9 enhanced voting preference shares post reverse splits) to its Chief Executive Officer. This new class of shares (enhanced voting preference shares) was created and the shares issued as approved by the Company's shareholders on August 1, 2024.

As of September 30, 2024, the Company issued 614,109 subordinate voting shares (72 subordinate voting shares post reverse splits) following the closing of the underwritten public offering on March 14, 2024 as well as 7,020,384 subordinate voting shares (826 subordinate voting shares post reverse splits) following the cashless exercise of A warrants, 172,766 subordinate voting shares (20 subordinate voting shares post reverse splits) following the exercise of B warrants at an exercise price of US$1.3643 per subordinate voting share and 5,299 subordinate voting shares (11 subordinate voting shares post reverse splits) following the exercise of B warrants at an exercise price of US$8.1782 per subordinate voting share.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 12 – SHARE CAPITAL (continued)**

**Stock options**

The Company has a stock option plan to grant incentive stock options to directors, officers, employees and consultants. Under the plan, the aggregate number of subordinate voting shares that may be subject to option at any one time may not exceed 30% of the issued subordinate voting shares of the Company as of that date, including options granted prior to the adoption of the plan. The exercise price of these options is not less than the Company's closing market price on the day prior to the grant of the options. Options granted may not exceed a term of ten years.

A summary of the stock options outstanding for the nine months ended September 30, 2025 are summarized as follows:

SCHEDULE OF STOCK OPTIONS OUTSTANDING

---

| | | |
|:---|:---|:---|
|  | **Number of Options** | **Weighted Average<br> Exercise Price** |
| Outstanding at January 1, 2024 | 0.44 | 2431400 |
| Granted during the period | 0.40 | 1154100 |
| Cancelled during the period | (0.84) | 1823000 |
| Outstanding at December 31, 2024 |  | $- |
| Granted during the period |  |  |
| Cancelled during the period |  |  |
| Outstanding at September 30, 2025 |  |  |
| Exercisable at September 30, 2025 | - | - |

---

Details of the fair value of options granted and the assumptions used in the Black-Scholes option pricing model are as follows:

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS

---

| | |
|:---|:---|
|  | **December 31, 2024** |
| Weighted average fair value of options granted | $0.57 |
| Risk-free interest rate | 3.4% |
| Estimated life (in years) | 5 |
| Expected volatility | 108.75% |
| Expected dividend yield | 0% |

---

On January 10, 2024, the Company cancelled 565,000 stock options (0.35 stock options post reverse splits) that were previously granted to 4 directors of the Company.

On January 16, 2024, the Company granted 650,000 stock options (0.40 stock options post reverse splits) to a consultant of the Company, the stock options vest as follows: 150,000 on the date of the grant (0.09 post reverse splits) and 100,000 every month thereafter (0.06 post reverse splits) every month thereafter.

**FEMTO TECHNOLOGIES INC. (FORMERLY BYND CANNASOFT ENTERPRISES INC.)** 

**Notes to the Condensed Consolidated Interim Financial Statements** 

**For the nine months ended September 30, 2025** 

(Expressed in Canadian dollars)

(Unaudited)

**NOTE 13 – REVENUE AND DEFERRED REVENUE**

****

---

| | | |
|:---|:---|:---|
|  | **September 30,** <br> **2025** | **September 30,** <br> **2024** |
| Software development | $417608 | $592016 |
| Software license | 118653 | 148193 |
| Software supports | 39561 | 30321 |
| Cloud hosting | 37003 | 37659 |
| Others | 6169 | 8344 |
|  | $618994 | $816533 |

---

The Company recognized revenues from contracts with customers in accordance with the following timing under IFRS 15:

SCHEDULE OF REVENUE UNDER TIMING

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2025** | **September 30,**<br> **2024** |
| Revenue recognized over time | $500341 | $668340 |
| Revenue recognized at a point of time | 118653 | 148193 |
|  | $618994 | $816533 |

---

Deferred revenue represents contract liabilities for customer payments received related to services yet to be provided subsequent to the reporting date. Significant changes in deferred revenue are as follows:

SCHEDULE OF DEFERRED REVENUE

---

| | | |
|:---|:---|:---|
|  | **September 30,** <br> **2025** | **December 31,** <br> **2024** |
| Deferred revenue, beginning | $140088 | $131794 |
| Customer payments received attributable to contract liabilities for unearned revenue | 19726 | 141126 |
| Revenue recognized from fulfilling contract liabilities | (105352) | (132832) |
| Deferred revenue, ending | $54462 | $140088 |

---

The Company derives significant revenues from one customer, which exceeds 10% of total revenues. Revenues earned from that customer were 64% of total revenues for the period ended September 30, 2025 (Nine months ended September 30, 2024 – 72%)

**NOTE 14 – COST OF REVENUE** 

Cost of revenue incurred are comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,** <br> **2025** | **September 30,** <br> **2024** |
| Salaries and benefits | $494063 | $565206 |
| Subcontractors | 56167 | 136690 |
| Software and other | 25481 | 28265 |
| Depreciation | 1244 | 891 |
|  | $576955 | $731052 |

---

**NOTE 15 – SUBSEQUENT EVENTS** 

On November 10, 2025, the Company issued 349 subordinate voting shares following the exercise of Pre-Funded Warrants and Series B Warrants that were exercised in alternative cashless method.

## Exhibit 99.2

**Exhibit 99.2**

**FEMTO TECHNOLOGIES INC. (Formerly BYND Cannasoft Enterprises Inc.)**

**MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025** 

All dollar amounts are expressed in Canadian dollars unless otherwise indicated.

**<u>BACKGROUND</u>**

This Management's Discussion and Analysis ("**MD&A**") should be read in conjunction with the unaudited, consolidated financial statements and notes thereto of Femto Technologies Inc. ("**Femto**" or the "**Company**") for the nine-month period ended September 30, 2025 (the "**Financial Statements**"). The information contained in this MD&A is current to November 25, 2025.

The Financial Statements have been prepared in compliance with the International Financial Reporting Standards ("**IFRS**") as issued by the International Accounting Standards Board. In accordance with IFRS, management is required to make assumptions that affect the reported amounts of assets, liabilities and expenses in addition to the disclosure of contingent liabilities at the date of the financial statements and reporting amounts. The Company bases its estimates on historical experience, current trends and various other assumptions that are believed to be reasonable under the circumstances. However, actual results could differ materially from those estimates. See Note 2 to the Financial Statements for management's analysis of the Company's critical accounting estimates.

Additional information relating to the Company, including the Company's Form 20-F *Annual Report* for the year ended December 31, 2024, is available under the Company's profile on SEDAR+ at <u>www.sedarplus.ca</u>.

**<u>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTORS</u>**

This MD&A contains certain statements that may constitute "forward-looking statements" within the meaning of Canadian securities laws. Forward-looking statements include but are not limited to, statements regarding future anticipated business developments and the timing thereof, regulatory compliance, sufficiency of working capital, business and financing plans, and the Company's intended use of proceeds from the sale of its securities. Although the Company believes that such forward-looking statements are reasonable at the time they are made, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or which by their nature refer to future events. The Company cautions investors that forward-looking statements are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual results may differ materially from those expressed or implied in forward-looking statements. Such factors, include, without limitation, the Company's ability to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. Other factors that could affect actual results are uncertainties pertaining to government regulations, both domestic as well as foreign, and the changes within the capital markets. Further risks and uncertainties are disclosed under the section "*Risk Management*".

**<u>GOING CONCERN</u>**

The Financial Statements have been prepared on a going concern basis, which contemplates the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company's ability to continue as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to generate revenue to establish profitable operations and to obtain the necessary equity or debt financing to fund operations as required.

**<u>OUTLOOK</u>**

The Company's primary focus for the foreseeable future will be: (i) the continuation of its current software business, and (ii) the development of the Sensera Device (formerly the EZ-G device), a unique, patent-pending device that, combined with proprietary software, regulates the flow of low-concentration cannabidiol ("**CBD**") oils into the soft tissues of the female sexual organs (the "**Sensera Device**").

**<u>DESCRIPTION OF BUSINESS</u>**

Femto Technologies Inc. (formerly known as BYND Cannasoft Enterprises Inc.) was amalgamated under the *Business Corporations Act* (British Columbia) on March 29, 2021.

*Recent Developments*

● On
 October 7, 2025 the Nasdaq Listing and Hearing Review Council has affirmed the Nasdaq's
 Hearing Panel decision of June 20, 2025, to delist the Company's securities from trading
 on the Nasdaq Stock Market.

● On
 July 7, 2025 the Company announced it submitted a notice of appeal regarding the decision
 of the Nasdaq Hearings Panel to delist its shares from trading.

● On
 June 23, 2025, the Company canceled and returned to treasury 19,747 subordinate voting shares
 it has repurchased under the repurchase program announced on May 15, 2025.

● On
 June 20, 2025, the Company announced that the Nasdaq Hearings Panel has determined to delist
 the subordinate voting shares of the Company from the Nasdaq Stock Market at the open of
 trading on June 23, 2025. Starting on that day the Company's subordinate voting shares
 began trading on the OTCID under the symbol "FMTOF"

● On
 May 15, 2025, the Company announced stock repurchase program to repurchase up to 43,025 subordinate
 voting shares of the Company.

● On
 May 13, 2025, the Company announced the U.S. Patent and Trademark Office granted the Company
 a notice of allowance for use of its Sensera design.

● On
 May 9, 2025, the Company announced that it has received on May 8, 2025 a notification letter
 from Nasdaq stating that based on its review of the Company's recent private placement
 transaction that was completed on February 26, 2025 (the "Placement"), Nasdaq
 has determined to delist the Company's securities pursuant to its discretionary authority
 under Listing Rule 5101.

The Company intends to appeal Staff's determination to a Hearings Panel (the "Panel"), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A hearing request will stay the suspension of the Company's securities pending the Panel's decision.

● On
 May 7, 2025, the Company announced the U.S. Patent and Trademark Office granted the Company
 a notice of allowance for use of its proprietary smart release system technology.

● On
 April 22, 2025, the Company effected a 1-for-500 reverse stock split of its outstanding Subordinate
 Voting Shares.

● On
 February 28, 2025, the Company completed the transactions contemplated under a securities
 purchase agreement (the "**Purchase Agreement**") with institutional investors
 for the purchase and sale of approximately US$17 million of Subordinate Voting Shares and
 pre-funded and investor warrants at a price of us$4.17 per Subordinate Voting Unit. The offering
 (the "**Private Placement**") consisted of the sale of Subordinate Voting
 Units (or Pre-Funded Units), each consisting of (i) one Subordinate Voting Share or Pre-Funded
 Warrant, (ii) one Series A Warrant to purchase one Subordinate Voting Share per warrant (the
 "**Series A Warrants**") and (iii) one Series B Warrant to purchase one Subordinate
 Voting Share per warrant (the "**Series B Warrants** "). The offering price
 per Subordinate Voting Unit was US$4.17 (or US$4.16999 for each Pre-Funded Unit, which is
 equal to the offering price per Subordinate Voting Unit sold in the offering minus an exercise
 price of US$0.00001 per Pre-Funded Warrant). The Pre-Funded Warrants are immediately exercisable.
 The initial exercise price of each Series A Warrant is US$5.21 per Subordinate Voting Share.
 The Series A Warrants are exercisable immediately and expire 60 months after the Release
 Date (as defined in the Purchase Agreement) and may be exercised on a cashless basis if there
 is not then an effective registration covering the resale of the Subordinate Voting Shares
 underlying the Series A Warrants. The number of securities issuable under the Series A Warrant
 is subject to adjustment as described in the Series A Warrant. The initial exercise price
 of each Series B Warrant is US$12.51 per Subordinate Voting Share. They also include an alternative
 cashless exercise option, allowing the holder to exercise the Series B Warrant at any time
 and receive three Subordinate Voting Shares for each Subordinate Voting Share then underlying
 the Series B Warrant without additional consideration. The Series B Warrants are exercisable
 immediately and expire 30 months after the Release Date. The number of securities issuable
 under the Series B Warrant is subject to adjustment as described in the Series B Warrant.

● On
 February 26, 2025, the Company also entered into a placement agent agreement (the "**Placement Agreement**") with Aegis Capital Corp. ()"**Aegis** "), pursuant to
 which the Company engaged Aegis to act as its sole placement agent in connection with the
 offering. Pursuant to the terms of the Placement Agreement, Aegis agreed to use its best
 efforts to arrange for the sale of the securities in the offering. As compensation to the
 placement agent, the Company paid the placement agent placement commission equal to 15.0%
 of the aggregate gross proceeds from the offering. Aegis will also receive a fee of 10.0%
 of the proceeds from the cash exercise of any warrants currently outstanding or issued in
 the Placement, payable on exercise. In addition, the Company agreed to reimburse Aegis for
 certain out-of-pocket expenses, including reasonable legal fees and disbursements for its
 counsel.

● On
 February 26, 2025, the Company entered into an exchange agreement (the "**Exchange Agreement**") with certain holders of tranches of warrants to purchase Subordinate
 Voting Shares previously issued by the Company in March 2024 and December 2023 (collectively,
 the "**Old Warrants** "). Under the Exchange Agreement, such holders agreed
 to exchange with the Company some of the outstanding Old Warrants for 2,495,933 new warrants
 (the "**Exchange Warrants**") to purchase Subordinate Voting Shares, substantially
 similar to the Series B Warrants issued in the Private Placement. If the exercise price of
 the Exchange Warrants are adjusted to the floor of US$0.76, up to 123,253,146 Subordinate
 Voting Shares would be issuance upon the exercise of the Exchange Warrants. As a result of
 the Exchange Agreement, Old Warrants that were exchanged were cancelled as of that date.

● On
 October 30, 2024, the Company received the first shipment of the Sensera Devices from the
 factory in China.

● On
 October 21, 2024, the Company effected a 1-for-17 reverse stock split of its outstanding
 Enhanced Voting Preference Shares (the "**Enhanced Voting Preference Shares** ").

● On
 September 20, 2024, the Company issued 75,000 Enhanced Voting Preference Shares (9 Enhanced
 Voting Preference Shares post reverse splits) to its Chief Executive Officer.

● On
 September 5, 2024, the Company announced that it has submitted its flagship feminine wellness product
to the CES®2025 Innovation Awards competition, scheduled to be announced in January 2025.

● On
 September 4, 2024, the Company announced that it has partnered with FDA-registered manufacturer
 to launch the Sensera pods.

● On
 August 26, 2024, the Company effected a 1-for-17 reverse stock split of its outstanding Subordinate
 Voting Shares (the "**Subordinate Voting Shares** ").

● On
 August 28, 2024, the Company announced the debut of its flagship feminine wellness product
 at CES®2025, scheduled to take place in Las Vegas this January 2025. Femto's groundbreaking
 product is set to redefine the standards of feminine care and wellness, showcasing its proprietary
 SRS (Smart Release System) technology utilizing advanced sensors that precisely detect, infuse
 and personalize wellness substances aiming to support intimacy and wellbeing. Femto's commitment
 to enhancing women's health and wellbeing through cutting-edge technology is leading the
 company's innovation pipeline and growth route.

● On
 August 1, 2024, the Company announced the results of its annual general and special meeting
 of shareholders that was held on that day in which the shareholders have approved the Company's
 proposal of creation of a new class of shares of the Company, as described in the Company's
 information circular dated June 21, 2024, and issuance of such shares to Yftah Ben Yaackov,
 a director and the chief executive officer of the Company.

● On
 July 22, 2024, the Company's name has been changed to Femto Technologies Inc.

● On
 May 27, 2024, pursuant to an Agreement Dated May 27, 2024, the Company issued 450,000 Subordinate
 Voting Shares (53 Subordinate Voting Shares post reverse splits) (valued at US$400,500) as
 a guarantee to the co-owner of a farm following the Company's decision to suspend the
 construction of a cannabis farm on that property. Under the Agreement, the shares are
 to be held in escrow by the Company until the earlier of (a) the third anniversary of the
 Settlement Agreement, or (b) the date on which the Company's board of directors resolves
 not to construct the cannabis farm. The number of shares to be released is subject to adjustment
 in the event that the market price of the Company's Subordinate Voting Share is lower
 than US$7,565 per share on the date of release.

● On
 March 22, 2024, the Company effected a 1-for-190 reverse stock split of its outstanding Subordinate
 Voting Shares.

● As
 of the close of trading on March 14, 2024, the Subordinate Voting Shares were voluntarily
 delisted from the Canadian Securities Exchange ()"**CSE** ").
 The delisting from the CSE will not affect the Company's listing on the NASDAQ
 Capital Market (the "**NASDAQ** "). The Subordinate Voting Shares
 will continue to trade on the NASDAQ under the symbol "BCAN".

● On
 March 14, 2024, the Company announced the closing of a firm commitment underwritten U.S.
 public offering with gross proceeds to the Company of approximately US$7,000,000, before
 deducting underwriting discounts and other estimated expenses payable by the Company. The
 base offering consisted of (a) 16,166,667 Subordinate Voting Shares (or 5,005 Subordinate
 Voting Shares post reverse splits), (b) 100,500,000 pre-funded warrants (or 31,115 post reverse
 splits), (c) 16,166,667 (or 5,005 post reverse splits) A warrants to purchase one Subordinate
 Voting Share (the "**A Warrants** "), and (d) 32,333,334 (or 10,010 post reverse
 splits) B warrants to purchase one Subordinate Voting Share (the "**B Warrants** ").
 All pre-funded warrants were exercised. To date, 7,062,238 A Warrants (415,426 A Warrants
 post reverse split) have been exercised on a cashless basis, 172,766 B Warrants (10,163
 B Warrants post reverse split) have been exercised at an exercise price of US$1.3643 per
 Subordinate Voting share and 20,874 B Warrants have been exercised at an exercise price
 of US$8.1782 per subordinate voting share. As described on the Prospectus, the Company intends
 to use the net proceeds from this offering primarily for product design and manufacturing
 of the Sensera Device, sales and marketing campaigns, patent prosecution ,working capital
 and development of additional products based on the Company's technology and identification
 and acquisition of Cannabis companies with a focus on the CBD sector as an alternative to
 building growing cannabis farms.

*Female Technology (FemTech)* 

 

As part of the Company's new strategy, and following the development of the Sensera Device, aimed at the technology field of the female wellness world, the Company intends to work to further pursue business opportunities in the world of FemTech, which is estimated at tens of billions of dollars a year<sup>3</sup>.

To this end, the Company intends to focus in the coming years on the development of additional products for the female wellness world, both at the level of technology and at the level of materials, some of which we expect will be CBD-based.

Following this new strategy the Company has changed its name to Femto Technologies.

Femto, a pioneer in women's care technology innovation, is committed to advancing women's wellness and lifestyle, leveraging its proprietary "Smart Release Technology," or SRT, and core ability to innovate data-driven products to spearhead the development of smart products in the sectors of intimacy, sports, hair, and cosmetics.

The Company's flagship intimacy product, equipped with SRT technology, an app, and machine learning personalized abilities, is in its final pre-launch stages. With the Global Wellness Institute predicting the women's wellness economy's growth to reach $8.5 trillion by 2027<sup>3</sup>, Femto is positioned at the forefront of technological innovation.

*Innovative Product Line-Up*

Femto's hope is to redefine skincare with its smart cosmetic face device, utilizing smart release technology alongside interchangeable serum capsules. This innovation allows users to seamlessly transition between treatments, catering to a variety of skin needs. The integration of LED light therapy and gentle vibrations ensures optimal serum absorption, making every skincare a smart and personalized experience.

In the hair wellness arena, Femto's proprietary technology has given rise to an innovative hair growth brush, designed to optimize hair treatment. By combining LED light therapy, gentle vibrations, and essential nutrient capsules, this brush aims to foster an ideal environment for hair growth, ensuring comprehensive care for every hair follicle.

Venturing into women's sports, Femto's development of a muscle pain relief regulator illustrates the company's dedication to enhancing athletic performance and recovery. This wearable technology merges heat therapy, vibration, and gel application in a user-friendly design, offering targeted relief and muscle recovery support.

<sup>3</sup>This statement is based on the following articles:

https://en.wikipedia.org/wiki/Femtech

https://finance.yahoo.com/news/global-femtech-market-size-estimated-152000742.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADxu1hPZubc8wPMpkhk3CuMheA6quYhXQcUbsUG0MZH0gz1TGIKsOsyex9GtqEWHcy430Cf9lyBhKNOgnHW8YW-eTbo3xQ5bqlhdr4YsFWf2pHC5xd14-RfauhVe4yQfGU1kqNEkA1jcOSO4JEpJj_H3eE0QBxNn6lOZAQyF5XmV

*Sensera Device Business*

 

Zigi Carmel is the registered owner the Sensera Device. According to research<sup>1</sup> conducted across the globe, treatment with low-concentration CBD oils can relieve candida, dryness, scars, and many other female health issues. Numerous studies<sup>2</sup> have shown CBD interacts with the endocannabinoid system, a master regulatory system with receptors all around the body. By activating these receptors, CBD can have health benefits that help have sex more approachable and pleasurable by reducing stress, enhancing one's mood, promoting body comfort, and treating vaginal issues.

<sup>1</sup> This statement is based on the following articles:

www.ncbi.nlm.nih.gov/pmc/articles/PMC7924206/

www.ncbi.nlm.nih.gov/pmc/articles/PMC8380785/

www.ncbi.nlm.nih.gov/pmc/articles/PMC4851925/

www.supmedi.com/en/blogs/cbd-oil-and-scars/.

<sup>2</sup> This statement is based on the following articles:

https://www.healthline.com/health/cbd-sex-effectiveness

https://www.mindbodygreen.com/articles/hemp-oil-for-sex

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7924206/

The Company continues to pursue patent application approvals for the Sensera Device, including the filing of 11 national phase applications in different countries and jurisdictions including Europe, Japan, China and the US. The Company filed "Medical Adult Toy" and "Smart Adult Toy" national phase patent applications in January 2024. We estimate the cost to pursue patent application approvals in all 11 jurisdictions to be $50,000. The patent approval process follows these steps: filing of an application, examination, publication and approval or rejection of the patent application. The timeline for the patent process from filing to approval varies depending on the jurisdiction (Europe 3-5 years, US and Japan 2-3 years, China up to 2 years). The Company's 'Go to Market' strategic plan is based on combined Business to Business ("B2B") and Business to Consumer ("B2C") sales.

As of the date of this MD&A, the Company has:

1. completed
 the design of the following modules: ergonomic, configuration, concept, industrial design
 and design for manufacturing;

2. in
 the hardware space, developed the mainboard of the device, side board, sensors for humidity,
 heat and heartbeat;

3. in
 the engineering space, performed proof of concept and industrial design inputs;

4. in
 the firmware space, developed software design details, system test and configurations;

5. in
 the user experience/user interface ("UX/UI") space, developed the software and
 application screens, including the application design and characterization;

6. filed
 various Patent Cooperation Treaty ()"**PCT**") applications covering mechanical,
 system logic, and design aspects of the Sensera Device; and

7. filed
 national patent applications in 11 countries, including the USA and countries in the EU.

8. Started
 production in small quantities.

9. filed
 various design applications for the lubricant the capsules in 4 different countries.

The Company also developed the following enhancements for the product:

● Unique Pump Design - Efficient Resource Monitoring: The Sensera Device features a miniature pump design with liquid flow capabilities precisely tailored to meet the system's requirements.

● Suction Mechanism - Navigating Legal Constraints: In response to legal restrictions and guidance from the patent office, we have developed a unique vacuum mechanism for the device with a peristaltic pump based on an expired 1911 patent.

● Moisture Detection Sensor - Triple Sensor Synergy: Integrating three sensors—motion, liquid amount, and friction detection—was essential for the development of the moisture detection sensor. Their combination allows us to identify friction in relation to the amount of liquid around the product and enhances its functionality.

● Pelvic Floor Games- Training for Well-Being: Most women face pelvic floor weakness at some point in their life, causing pain and decrease in libido. We identified existing devices (not combined with vibrators) designed for training and strengthening these muscles, offering a potential solution to enhance users' quality of life. Creating unique training programs makes strengthening these muscles enjoyable, encouraging users to persist. Additionally, the programs provide feedback on internal muscles, offering a personalized way to track their progress.

● Vaginal Pulse Sensor - Innovative Experience Measurement: We recognized that pulse measurement is a valuable way to assess user experience. It also allows us to confirm the fact that the vibrator is inserted into the body. We developed a pulse sensor specifically designed for the vagina - an innovation not previously explored. To validate its effectiveness, we built an experimental model and conducted successful testing with an experimenter. This experiment confirmed the sensor's suitability for measuring pulse within the vaginal environment, contributing to the product's ability to gather more information and to assess the user's experience.

● Smart Delivery System Potential: The smart delivery system, initially developed here for intimate use, has the potential to extend into other product fields. We identified possibilities in diverse sectors such as cosmetics and sport therapy devices. These areas will require additional research, but we anticipate substantial opportunities for innovation and marketing in these domains.

● Sphere Development - Elevating UX/UI Experience: Recognizing the smart nature of both the Sensera Device and its accompanying application in development, that in the future will feature machine learning and AI capabilities, we prioritized creating a high-end UX/UI communication experience. The innovative sphere feature serves as a futuristic element, providing infrastructure preparation for artificial intelligence and machine learning, modules for implementation in the device (similar to interfaces like SIRI).

The first full functional prototype of the Sensera Device is now ready. The Company plans to go to market in the fourth quarter of 2025 and start selling the device worldwide based on patents that have been filed in different countries.

In order to go to market, the Company needs to test the protype and commence manufacturing of the Sensera Device. As the initial version of the product will be recreational, no regulatory approvals are required provided that the oils and lubricants will not contain cannabis products that require FDA approval. In any event the company intends as part of its business plan to manufacture lubricants and oils that don't include cannabis products.

As of September 30, 2025, and since the completion of the Zigi Carmel acquisition, the Company has invested $5,375,096 in the development of the Sensera Device, as described above, and $311,717 in patent applications. The Company expects that the investments to be made in the next 2 months will be decreased as the Company gets closer to launching the product in the market.

Patent And Design Applications – Provisional and PCT

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Country | Subject | App. No. | Filed | Publication No. | Pub. Date | Status/Next action |
| Patent Cooperation Treaty<br>| SMART ADULT TOY | PCT/IL2023/050016 | 05/01/2023 | WO2023131950 | 13/07/2023 | <br> National Phase due 6.7.2024<br>Expiration 20 years from the PCT<br> filing date 1.1.2043 |
| Patent Cooperation Treaty | MEDICAL ADULT TOY | PCT/IL2022/050783 | 20/07/2022 | WO 2023/002485 | <br> 26/01/2023 | National Phase In Progress<br>Expiration<br> 20 years from the PCT<br> filing date 20/07/2042 |
| United States of America | FEMALE TREATMENT DEVICE | 63/450,503 | 07/03/2023 |  |  | <br> Provisional application<br> Deadline for filing PCT or regular applications 7.3.2024<br>Expiration 20 years from the<br> filing date International filing<br> date (PCT) |

---

Medical Adult Toy national patent applications:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Country | App. No. | Our Ref. | Filed | Publication No. | Pub. Date | [Expiry Date] | Status/Next action |
| United States of America | 63/223,822 | 2813834 | 20/07/2021 |  |  |  | Term Ended |
| Patent Cooperation Treaty | PCT/IL2022/050783 | 2864079 | 20/07/2022 | WO 2023/002485 | 26/01/2023 |  | National Phase entered |
| Australia | 2022314317 | 2994627 | 20/07/2022 |  |  | [20/07/2042] | Deadline for requesting examination: Jul 20, 2027 |
| Canada | 3221838 | 2994630 | 20/07/2022 |  |  | [20/07/2042] | Deadline for requesting examination: Jul 20, 2026 |
| European Patent Office | 22845568.9 | 2994654 | 20/07/2022 | 4373454 | 29/05/2024 | [20/07/2042] | Response to EESR sent to associates; awaiting filing confirmation and then Office Action |
| India | 202317083896 | 2994660 | 20/07/2022 |  |  | [20/07/2042] | Awaiting first Office Action |
| Israel | 309183 | 2994674 | 20/07/2022 |  |  | [20/07/2042] | Awaiting first Office Action |
| Japan | 2023-576213 | 2994680 | 20/07/2022 |  |  | [20/07/2042] | Deadline for requesting examination: Jul 20, 2025 |
| New Zealand | 806417 | 2994690 | 20/07/2022 |  |  | [20/07/2042] | Deadline for requesting examination: Jul 20, 2027 |
| Republic of Korea | 10-2023-7045274 | 2994700 | 20/07/2022 | 10-2024-0035412 | 15/03/2024 | [20/07/2042] | Deadline for requesting examination: Jul 20, 2025 |
| Singapore | 11202309414Q | 2994714 | 20/07/2022 |  |  | [20/07/2042] | Awaiting first communication |
| United States of America | 18/567,766 | 2994728 | 20/07/2022 | US 2024/0207133 | 27/06/2024 | [20/07/2042] | Response to Office Action filed; awaiting further communication |

---

Smart Adult Toy national patent applications:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Country | App. No. | Our Ref. | Filed | Publication No. | Pub. Date | Next Renewal | Status/Next action |
| Patent Cooperation Treaty | PCT/IL2023/050016 | 2906680 | 05/01/2023 | WO2023121950 | 13/07/2023 |  | National Phase entered |
| China | 202380023895.8 | 3022281 | 05/01/2023 |  |  |  | Examination in progress; Office Action due: Dec 09, 2024 |
| Australia | 2023205476 | 3022265 | 05/01/2023 |  |  | 05/01/2027 | National Phase entered; Deadline for requesting examination: Jan 05, 2028 |
| Canada | 3247151 | 3022272 |  |  |  | 05/01/2025 | National Phase entered; Deadline for requesting examination: Jan 05, 2027 |
| European Patent Office | 23737259.4 | 3022296 | 05/01/2023 | 4460280 | 13/11/2024 |  | Application filed; Expected date for 1st Official Action: Aug 05, 2026 |
| India | 202417053599 | 3022303 | 05/01/2023 |  |  |  | National Phase entered; Deadline for requesting examination: Jan 06, 2026 |
| Israel | 314148 | 3022319 | 05/01/2023 |  |  |  | Application filed; Expected date for 1st Official Action: Jul 06, 2027 |
| Japan | 2024-540959 | 3022320 | 05/01/2023 |  |  |  | National Phase entered; Deadline for requesting examination: Jan 05, 2026 |
| New Zealand | 812746 | 3022331 | 05/01/2023 |  |  | 05/01/2027 | National Phase entered; Deadline for requesting examination: Jan 05, 2028 |
| Republic of Korea | 10-2024-7026415 | 3022340 | 05/01/2023 |  |  |  | National Phase entered; Deadline for requesting examination: Jan 05, 2026 |
| Singapore | 11202404709W | 3022350 | 05/01/2023 |  |  |  | National Phase entered; Deadline for requesting examination: Jan 06, 2025 |
| United States of America | 18/726,930 | 3022360 | 05/01/2023 |  |  |  | National Phase entered; Expected date for 1st Official Action: Jan 05, 2025 |

---

Design Applications

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Country | Subject | App. No. | Filed | Design No. | Grant Date | Status/Next action |
| United States of America | FEMALE TREATMENT DEVICE | 35/520,188 | 11/02/2024 |  |  | Allowance |
| International Design Deposit<br> European Union<br> United Kingdom | FEMALE TREATMENT DEVICE | WIPO144151<br>| 11/02/2024 | DM/235494 | 11/02/2024 | Registered |
| China | Lubricant Capsule | 202330522171.0 | 15/08/2023 | ZL 202330522171.0 | 25/06/2024 | Registered |
| United Kingdom | Lubricant Capsule | 235655 |  |  |  | Registered |
| International Design Deposit | Lubricant Capsule | WIPO144152 | 11/02/2024 | DM/235655 | 11/02/2024 | Registered |
| European Union | Lubricant Capsule | WIPO144152 | 11/02/2024 | DM/235655 | 11/02/2024 | Registered |
| United States of America | Lubricant Capsule | 35/520,369 | 11/02/2024 | D1075514 | 20/05/2025 | Registered<br>|

---

 

*CRM Software Business* 

 

The Company's wholly owned subsidiary–BYND - Beyond Solutions Ltd. ("**BYND Israel**"), a corporation incorporated under the laws of the State of Israel, develops and markets customer relationship management (CRM) software products that enable small and medium sized enterprises (SMEs) to optimize day to day functions, such as sales management, workforce management, contact center operations and asset management. BYND Israel currently offers a proprietary CRM software product known as "*Benefit CRM*" (our "**Benefit CRM Software**") to its customers. BYND Israel has been developing the next generation of its Benefit CRM Software (our "**New CRM Platform**"), which is cloud based and includes many new features and enhancements.

*CRM Cannabis Software Business*

BYND Israel has also developed a new, CRM software platform, designed specifically to serve the unique needs of the medical cannabis sector (our "**New Cannabis CRM Platform**").

The development of the New Cannabis CRM Platform was initiated with clear objectives aligned with our organizational priorities, as follows:

● Enhance operational efficiency and streamline processes within the cannabis cultivation domain.

● Ensure regulatory compliance and mitigate risks inherent in the industry.

● Improve data-driven decision-making and optimize resource allocation to maximize yield and profitability.

The functionalities of the New Cannabis CRM Platform include:

● Real-time monitoring of environmental conditions.

● Automated control of irrigation and nutrient delivery systems.

● Tracking of inventory levels and batch traceability.

● Integration of AI algorithms for predictive analytics and optimization.

● Intuitive user interface design for enhanced usability.

● Seamless integration with IoT sensors and CRM systems.

As of the date of this MD&A, the development of the New Cannabis CRM Platform has been completed, and we are working to locate potential paying customers for the software in Israel. There is no more investment needed in this CRM Cannabis Software other than an investment in a marketing and sales team is estimated at $150,000. Due to significant negative changes in the medical cannabis market around the world, and particularly in Israel we have doubt regarding the ability to generate revenues from this platform.

*Medical Cannabis Business* 

The Israeli cannabis market has experienced a very significant upheaval in recent years, and most of the negative impact was done to the growing farms considering the opening of cannabis import channels to Israel. As a result, there has been significant consolidation in the growing field and many growing farms and processing plants have closed, including the oldest growers and producers in Israel. At the same time, the retail prices of medical cannabis in Israel have also dropped significantly, all this leads to economic unfeasibility for building a growing farm and investing enormous resources in its ongoing maintenance. Moreover, the ongoing state of war has severely affected the entire agricultural sector in Israel, especially in areas close to the border with Gaza, such as Moshav Kochav Michael, where the company planned to build the farms, it is currently unknown how long this situation will continue and what the long-term damage and implications will be for the sector.

BYND Israel's original goal was to leverage its medical cannabis business to assist in the development of its New Cannabis CRM Platform by using data generated by the operation of the Company's planned cannabis growing facility, including data relating to the growing, harvesting and selling of medical cannabis. However, the Company's board of directors took the decision to suspend activities related to construction of the cannabis growing facility. This decision was taken in light of management's observation of significant negative changes in the medical cannabis market around the world, and particularly in Israel, that have taken place since the time the Company was established, in addition to the lack of funds for the required budget for the construction of the facility, and in light of the ongoing war involving the State of Israel and the proximity of the area designated for cultivation to the border with Gaza.

The Company's board of directors reconsidered the suspension in July 2024 and decided to extend the suspension at least until April 2025 and then decided to extend the suspension in April 2025 to at least December 2025. Once a decision is made to proceed with the construction of the cannabis growing facility, the required permits necessary to begin the construction will need to be obtained once the Initial Authorizations have been formally transferred from Dalia Bzizinsky to BYBY. This transfer must be approved by the Israeli Ministry of Health Medical Cannabis Unit which will occur following approval of the Ministry of Agriculture to a change in land designation. BYBY estimates it will cost approximately $100,000 to complete the permitting process, which costs would be funded from general working capital.

On May 27, 2024, pursuant to an Agreement Dated May 27, 2024, the Company issued 450,000 Subordinate Voting Shares (26,471 subordinate voting shares post reverse split) (valued at US$400,500) as a guarantee to Dalia Bzizinsky following the Company's decision to suspend the construction of a cannabis farm on that property.

The Company will continue renewing the Initial Authorizations that expire on November 29, 2025 until a final decision is made regarding the construction of a cannabis farm.

Currently, the Company is actively searching for opportunities outside of Israel in the CBD and medical cannabis space for collaborations or acquisitions.

The above section is supported by the following articles:

https://www.jpost.com/business-and-innovation/all-news/article-726866

https://m.calcalist.co.il/Article.aspx?guid=ryksx0089t

https://www.homee.co.il/%D7%AA%D7%A2%D7%A1%D7%95%D7%A7%D7%94-%D7%95%D7%99%D7%96%D7%9E%D7%95%D7%AA/%D7%A9%D7%95%D7%A7-%D7%91%D7%A7%D7%A0%D7%90%D7%91%D7%99%D7%A1-%D7%91%D7%99%D7%A9%D7%A8%D7%90%D7%9C

https://mobile.mako.co.il/cannabis-news/Article-e59ce91a9558881026.htm

https://www.globes.co.il/news/article.aspx?did=1001457048

https://www.globes.co.il/news/article.aspx?did=1001445389

https://m.calcalist.co.il/Article.aspx?guid=syetmqbf2

https://www.xn--4dbcyzi5a.com/5-%D7%A1%D7%99%D7%91%D7%95%D7%AA-%D7%9E%D7%93%D7%95%D7%A2-%D7%97%D7%91%D7%A8%D7%95%D7%AA-%D7%94%D7%A7%D7%A0%D7%90%D7%91%D7%99%D7%A1-%D7%91%D7%99%D7%A9%D7%A8%D7%90%D7%9C-%D7%9C%D7%90-%D7%9E%D7%A6%D7%9C/

https://www.xn--4dbcyzi5a.com/%D7%90%D7%97%D7%A8%D7%99-%D7%A9%D7%94%D7%A4%D7%A1%D7%99%D7%93%D7%94-%D7%9E%D7%90%D7%95%D7%AA-%D7%9E%D7%99%D7%9C%D7%99%D7%95%D7%A0%D7%99-%D7%A9%D7%A7%D7%9C%D7%99%D7%9D-%D7%97%D7%91%D7%A8%D7%AA-imc/

https://www.קנאביס.com/אחרי-14-שנים-בתחום-בול-פארמה-הודיעה-על-חד/

**<u>SELECTED FINANCIAL INFORMATION</u>**

The following table sets forth selected financial information of the Company for the nine-month period ended September 30, 2025 and 2024 and for the year ended December 31, 2024. The selected financial information set out below has been derived from the Company's consolidated unaudited interim financial statements and accompanying notes and its consolidated audited financial statements and accompanying notes, for the corresponding periods. The selected financial information set out below may not be indicative of the Company's future performance.

---

| | | | |
|:---|:---|:---|:---|
| **Item** | **Nine Month Period Ended September 30, 2025 (CAD$)** | **Nine Month Period Ended September 30, 2024 (CAD$)** | **Year Ended <br> December 31, 2024 (CAD$)** |
| Revenues | 618994 | 816533 | 998839 |
| Profit (loss) for the period | 14642236 | (35958412) | (47590257) |
| Profit (loss) Per Share – basic and diluted | 27.74 | (44290) | (50655) |
| Total Assets | 38207151 | 33997632 | 30241067 |
| Non-Current Liabilities | 735876 | 30394787 | 24997174 |
| Total Liabilities | 1540282 | 31103388 | 25849268 |
| Working Capital | 17136691 | 5421971 | 4121747 |
| Shareholders' Equity | 36666869 | 2894244 | 4391799 |
| Number of Shares Outstanding at period end (Post reverse splits) | 860762 | 1310 | 1311 |

---

The Company presently does not pay and does not anticipate paying any dividends on its Subordinate Voting Shares, as all available funds will be used to develop the Company's business for the foreseeable future. See "*Results of Operations and Overall Performance*" below for a discussion of factors which have contributed to period-to-period variations.

From 2022 to 2024, the Company maintained steady levels of revenues from its CRM business.

During the fiscal year ended December 31, 2023, the Company continued to invest in the cannabis CRM software, in the total amount of $366,325.

On September 22, 2022, the Company completed its acquisition of Zigi Carmel which resulted in an increase to the Company's intangible assets of $42,961,382.

The Financial Statements have been prepared in accordance with IFRS. The MD&A should be read in conjunction with the Financial Statements.

The Financial Statements are presented in Canadian dollars. The functional currency of the Company is the New Israeli Shekel ("**NIS**"). NIS represents the main economic environment in which the Company operates.

**<u>RESULTS OF OPERATIONS AND OVERALL PERFORMANCE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;**A.** **OVERALL PERFORMANCE** 

● Revenues during the period were $618,994 as compared to $816,533 for the same period in 2025. This decrease is mainly a result of decreased revenues from software development in the amount of $174,408.

● For the nine-month period ended June 30, 2025, the Company's gross margin was 7%, as compared to 10% for the same period in 2024.

● As at September 30, 2025, the Company had a cash balance of $17,337,450 (December 31, 2024: $4,617,034).

● The Company experienced negative cash flows from operating activities during the nine-month period ended September 30, 2025, in the amount of $7,739,098, primarily due to its net profit of $14,642,022, offset by a $30,389,592 gain from revaluation of warrants. Cash outlays included general business and administrative expenses, consulting fees, business and product development, and professional fees.

&nbsp;&nbsp;&nbsp;&nbsp;**B.** **OPERATING RESULTS** 

For the nine-month period ended September 30, 2025, the Company recorded a net profit of $14,642,022, compared to a net loss of $35,958,412 in the same period in 2024, and had a cash balance as at September 30, 2025, of $17,337,450 (December 31, 2024 - $4,617,034).

The following provides an overview of the Company's financial results for the nine-month period ended September 30, 2025, and 2024:

***Revenue***

The Company has derived its revenue from the sources as summarized in the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,** <br> **2025** | **September 30,** <br> **2024** |
| Software development | $417608 | $592016 |
| Software license | 118653 | 148193 |
| Software supports | 39561 | 30321 |
| Cloud hosting | 37003 | 37659 |
| Others | 6169 | 8344 |
|  | $618994 | $816533 |

---

● Revenues during the period were $618,994 as compared to $816,533 for the same period in 2024. This decrease is mainly a result of decreased revenues from software development in the amount of $174,408.

● Approximately 64% of our sales during the period and 72% of our sales for the same period in 2024 were to our largest customer and as a result, we are highly dependent on this customer to continue our operating activities.

● Development of the Company's New CRM Platform is now complete and we began to generate revenues from it in 2023.

● Development of the Company' New Cannabis CRM Platform is now complete and is currently being tested at the Weizmann Institute of Science, however, we do not expect to generate revenues from the platform in the foreseeable future.

● The Company's proposed development of a medical cannabis facility is on hold and we do not expect to generate revenues from the sale of cannabis or cannabis infused products from the cannabis facility in the near future.

***Cost of Revenue***

● Cost of revenues for the period amounted to $576,955 as compared to $731,052 for the same period in 2024. This decrease is mainly a result of a $71,143 decrease in salaries and benefits and a $80,523 decrease in subcontractors expenses.

● For the nine-month period ended September 30, 2025, the Company's gross margin was 7%, as compared to 10% for the same period in 2024.

***General and Administrative Expenses, Depreciation, Consulting and Marketing, Share-based compensation, Research and Development and Professional Fees***

● For the nine-month period ended September 30, 2025, general and administrative expenses increased to $2,069,532 from $1,418,497 for the same period in 2024. The increase was mainly due to a $437,195 increase in compensation to senior management and directors.

● Professional fees increased to $1,650,833 from $1,355,091 for the same period in 2024, mainly due to an increase in fees in the area of financial advisory, M&A and corporate finance.

● Consulting and marketing expenses increased to $1,186,240 from $453,255 for the same period in 2024 due to investment in marketing and branding of the Sensera Device.

● Depreciation and amortization expenses decreased to $1,444 from $3,522 for the same period in 2024.

● Share-based compensation expenses decreased to $2,224,987 from $3,732,833 for the same period in 2024 due to lower amounts of RSUs granted to officers and directors of the Company as well as consultants of the Company.

● Research and development expenses increased to $2,408,079 from $1,612,881 for the same period in 2024 due to development of the Sensera Device.

***Other Income (Loss) items***

● Foreign exchange loss was $721,084 compared to a loss of $32,366 for the same period in 2024.

● Finance income was $480,011 income compared with $78,166 for the same period in 2024, mainly due to interest income from term deposits.

● Gain from warrants revaluation was $30,389,592 compared with a loss of $21,887,227 for the same period in 2024.

● Loss from settlement agreement revaluation were $986,764 compared to $Nil for the same period in 2024.

**C. SUMMARY OF QUARTERLY RESULTS** 

---

| | | | |
|:---|:---|:---|:---|
| Three months ended | Revenues | Net Profit (loss) | Profit (loss) Per Share – basic and diluted |
| September 30, 2025 | 211073 | (6464729) | (7.54) |
| June 30, 2025 | 205229 | 31784170 | 44.52 |
| March 31, 2025 | 202692 | (10677419) | (3586) |
| December 31, 2024 | 182306 | (11631845) | (8885) |
| September 30, 2024 | 101619 | (5418470) | (4155) |
| June 30, 2024 | 405946 | 77375 | 71.58 |
| March 31, 2024 | 308968 | (30617317) | (574515) |
| December 31, 2023 | 205121 | (15167579) | (635605) |

---

For the last eight quarters, the Company has maintained steady levels of revenues from its CRM business with a pattern of higher revenues in the first quarter of each fiscal year due to higher software licenses paid at that time.

Losses increased starting in the second quarter of 2022 primarily due to higher general and administrative expenses as well as increasing professional fees incurred due to the Company's NASDAQ listing. These expenses are mainly for investor relations and public relations expenses as well as digital marketing, professional fees for financial advisory, M&A and corporate finance, legal fees and accounting fees.

Loss for the fourth quarter of 2023 was significantly higher due to an impairment loss of $13,142,481, which includes full impairment of our investment in the planned cannabis growing facility and the intangible assets in our Initial Authorizations and our New Cannabis CRM Platform as well as partial impairment of our Sensera Device patent applications.

Loss for the first quarter of 2024 was significantly higher due to a change in fair value of derivative warrants liabilities in the amount of $28,977,934.

The Company considered indicators of impairment for the patent applications at September 30, 2025 and 2024. The Company decided to impair the patent applications in the amount of $5,000,000 and $5,601,167 due to delays with the development and production of the Sensera Device due to the war conditions in Israel. The forecasts for the revenue the Company anticipates generating from these patent applications are still valid but the expected income from the Sensera Device is delayed.

The Company intends to consider indicators of impairment for the patents pending every quarter.

Gain for the second quarter of 2025 was significantly higher due to a change in fair value of derivative warrants liabilities in the amount of $30,389,592.

The Financial Statements have been prepared in accordance with IFRS. The MD&A should be read in conjunction with the Financial Statements.

The financial statements are presented in Canadian dollars. The functional currency of the Company is the NIS. NIS represents the main economic environment in which the Company operates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **LIQUIDITY AND CAPITAL RESOURCES** 

As at September 30, 2025, the Company had a cash balance of $17,337,450 (December 31, 2024: $4,617,034).

---

| | | |
|:---|:---|:---|
| **Item** | **Nine Month Period Ended <br> September 30, 2025 (CAD$)** | **Nine Month Period Ended <br> September 30, 2024 (CAD$)** |
| Cash used in operating activities | (7739098) | (5118951) |
| Cash used in investing activities | (1300) |  |
| Cash provided by financing activities | 20663685 | 7831589 |
| **Net increase in cash** | **12923287** | **2712638** |

---

● The Company experienced negative cash flows from operating activities during the nine-month period ended September 30, 2025, in the amount of $7,739,098, primarily due to its net profit of $14,642,022, offset by a $30,389,592 gain from revaluation of warrants. Cash outlays included general business and administrative expenses, consulting fees, business and product development, and professional fees.

● The Company believes that it will be able to generate sufficient cash flows to maintain its current capacity.

● On July 19, 2023, the Company issued 1,733,334 Subordinate Voting Shares (537 Subordinate Voting Shares post reverse splits) at a price of US$1.50 per share following the closing of an underwritten U.S. public offering with gross proceeds to the Company of $3,424,201, before deducting underwriting discounts and other estimated expenses paid by the Company in the amount of $405,636, for net proceeds of $3,018,565.

● On December 21, 2023, the Company issued 2,884,616 Subordinate Voting Shares (893 Subordinate Voting Shares post reverse splits) at a price of US$0.52 per share following the closing of a registered direct public offering with gross proceeds to the Company of $1,996,650, before deducting underwriting discounts and other estimated expenses paid by the Company in the amount of $319,464, for net proceeds of $1,677,186.

The offering was for the sale of 2,884,616 units (893 units post reverse splits), each consisting of one Subordinate Voting Share and one warrant to purchase one Subordinate Voting Share at an exercise price of US$0.52.

● On March 14, 2024, the Company announced the closing of a firm commitment underwritten U.S. public offering with gross proceeds to the Company of approximately US$7,000,000, before deducting underwriting discounts and other estimated expenses payable by the Company. The base offering consisted of 116,666,667 units (36,120 units post reverse splits), each consisting of one Subordinate Voting Share and three Subordinate Voting Share purchase warrants, at a price to the public of US$0.06 per unit. The Company intends to use the net proceeds from this offering primarily for product design and manufacturing of the Sensera Device, sales and marketing campaigns, patent prosecution and working capital.

The Company has financial liabilities with the following maturities as at September 30, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Contractual cash flows | Contractual cash flows | Contractual cash flows | Contractual cash flows | Contractual cash flows | Contractual cash flows |
|  | Up to 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 5 year <br>and over | Total |
| Trade payables | $233425 | $- | $- | $- | $- | $233425 |
| Long term loan and unpaid interest | 42480 | 30020 | 14507 | 6788 | 5484 | 99279 |
|  | $275905 | $30020 | $14507 | $6788 | $5484 | $332704 |

---

**<u>OFF-BALANCE SHEET ARRANGEMENTS</u>**

The Company has no undisclosed off-balance sheet arrangements that have or are reasonably likely to have, a current or future effect on its financial performance, financial condition, revenues or expenses, liquidity, capital expenditures or capital resources that is material to investors.

**<u>OUTSTANDING SHARE CAPITAL</u>**

---

| | |
|:---|:---|
| **Subordinate Voting Shares** | |
| Issued & Outstanding as at September 30, 2025 | 860762 |
| Shares issued following exercise of B Warrants | 349 |
| Issued & Outstanding as at November 25, 2025 | 861111 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Securities** | **Exercise Price** | **Expiry Date** | |
| February 2025 Series A Warrants | US$380 | April 9, 2030 | 55921 |
| February 2025 Series B Warrants |  | October 9, 2027 | 991 |
| March 2024 Series A Warrants |  | September 14, 2026 | 109 |
| March 2024 Series B Warrants | US$380 | March 14, 2029 | 233 |
| RSUs |  |  | 6852 |
| **Fully Diluted Share Capital** |  |  | 925217 |

---

**<u>TRANSACTIONS WITH RELATED PARTIES</u>**

During the nine-month period ended September 30, 2025, the Company paid management, consulting and director fees in the aggregate amount of $2,178,235 to its President (Mr. Maram), CEO (Mr. Ben Yaackov), CFO (Mr. Kabazo), CTO (Mr. Tal) and four directors (Mr. Zigdon, Mr. Wolkin, Mr. Shirazi and Mrs. Szabo). During the same period in 2024 the Company paid $1,741,040 to its President (Mr. Maram), CEO (Mr. Ben Yaackov), CFO (Mr. Kabazo), CTO (Mr. Tal) and four directors (Mr. Zigdon, Mr. Wolkin, Mr. Shirazi and Mrs. Szabo).

As at September 30, 2025, $1,234 was owed from a shareholder of the Company (Miss Dalia Bzizinsky) (December 31, 2024– $1,025).

As at September 30, 2025, $441,596 was owed to directors of the Company for management, consulting and director fees (Mr. Ben Yaackov, Mr. Kabazo, Mr. Wolkin, Mr. Tal and Mrs. Szabo) (December 31, 2024– $233,691).

On February 7, 2025, the Company granted 120,000 RSUs (240 RSUs post reverse split) to four directors of the Company, the RSUs vested immediately.

Mr. Kabazo – 30,000 RSUs (60 RSUs post reverse split)

Mr. Wolkin – 30,000 RSUs (60 RSUs post reverse split)

Mr. Zigdon – 30,000 RSUs (60 RSUs post reverse split)

Mrs Szabo – 30,000 RSUs (60 RSUs post reverse split)

On April 23, 2025, the Company granted 70,073 RSUs to Mr. Ben Yaackov, the RSUs vested immediately.

On April 25, 2025. the Company granted 70,000 RSUs to five directors of the Company, the RSUs vested immediately.

Mr. Kabazo – 20,000 RSUs

Mr. Wolkin – 10,000 RSUs

Mr. Zigdon – 20,000 RSUs

Mrs Szabo – 10,000 RSUs

Mr. Tal – 10,000 RSUs

All the above transactions were measured at fair value. Compensation to officers and directors of the Company is determined by the Company's governance, nominating and compensation committee and is effective until the next compensation meeting, usually on April of each year.

**<u>PROPOSED TRANSACTIONS</u>**

As of the date of this MD&A, neither the Company's board of directors nor its senior management have decided to proceed with any proposed asset or business acquisition or disposition.

**<u>CHANGES IN OR ADOPTION OF ACCOUNTING POLICIES</u>**

Accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company's financial statements.

**<u>FINANCIAL INSTRUMENTS</u>**

The Company's financial instruments include cash, amounts receivable, accounts payable, and accrued liabilities. The estimated fair value of these financial instruments approximates their carrying values because of the short term to maturity of these instruments.

As at September 30, 2025, the Company had $17,941,097 in current assets and $804,618 in current liabilities resulting in a working capital of $17,136,479.

**<u>RISK MANAGEMENT</u>**

The Company is exposed in varying degrees to a variety of risks. The Company's directors approve and monitor the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows:

***Credit Risk***

Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company's exposure to credit risk is the carrying value of cash and amounts receivable.

For amounts due from customers, the Company performs ongoing credit evaluations of its customers, and monitors the receivable balance and the payments made in order to determine if an allowance for estimated credit losses is required. When determining the allowance for estimated credit losses the Company will consider historical experience with the customer, current market and industry conditions and any specific collection issues.

***Interest Rate Risk***

Interest Rate risk is the risk that the fair value of a financial instrument will fluctuate because of changes in market interest rates. Loans payable include variable interest rates; however, the Company does not believe it is exposed to material interest rate risk.

***Foreign Exchange Rate Risk***

The Company is exposed to foreign exchange rate risks as the Company has a surplus of financial assets over financial liabilities denominated in USD as of September 30, 2025, consisting of cash in the sum of $17,301,552. As of September 30, 2025, a 5% depreciation or appreciation of the U.S. dollar against the NIS would have resulted in an approximate $865,078 decrease or increase, respectively, in total pre-tax profit.

***Liquidity Risk***

Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. The total amount of the Company's financial liabilities according to the contractual conditions in non-capitalized amounts (including interest payments) as at September 30, 2025 for the next 5 years and over is $332,704. To secure the additional capital necessary to pursue its plans, the Company may have to raise additional funds through equity or debt financing.

***Limited Financial Resources Risk***

 ****

The Company's board of directors has currently suspended plans to develop its planned cannabis growing facility. The Company has limited financial resources and operating revenues and its ability to move forward with plans to develop the cannabis growing facility, if the Company's board of directors takes such decision, are dependent upon management's success in raising additional capital. Failure to obtain additional financing could result in the further delay or indefinite postponement of the development of its planned cannabis growing facility and the Company would likely be unable to carry out its stated business objectives involving the cannabis facility.

While the Company has been successful until now in obtaining financing from the capital markets, there can be no assurance that the capital markets will remain favorable in the future, and/or that the Company will be able to raise the financing needed to pursue its business objectives on favorable terms, or at all. Restrictions on the Company's ability to finance could have a materially adverse outcome on the Company and its securities, and its ability to continue as a going concern.

***Market Risk***

 ****

The Company's Subordinate Voting shares trade on the OTCID and the trading value thereof is determined by the evaluations, perceptions and sentiments of both individual investors and the investment community taken as a whole. Such evaluations, perceptions and sentiments are subject to change, both in short-term time horizons and longer-term time horizons. An adverse change in investor evaluations, perceptions and sentiments could have a material adverse outcome on the Company and its securities.

***Business Risks relating to our CRM Business and Cannabis Software***

 ****

The Company is exposed to various risks relating to its CRM software business, as follows:

● Defects or disruptions in our cloud-based New CRM Platform and New Cannabis CRM Platform services could diminish demand for our services and subject us to substantial liability.

● Interruptions or delays in service from our third-party data center hosting facilities could impair the delivery of our service and harm our business.

● If we experience significant fluctuations in our rate of anticipated growth and fail to balance our expenses with our revenue forecasts, our results could be harmed.

● We may in the future be sued by third parties for alleged infringement of their proprietary rights.

● We will rely on third-party computer hardware and software that may be difficult to replace or which could cause errors or failures of our service.

● The market for our technology delivery model and enterprise cloud computing application services is immature and volatile, and if it develops more slowly than we expect, our business could be harmed.

● We are currently dependent on one of our clients for the majority of current revenues and any changes to that relationship could have a significant impact on future revenues.

● In the past two years, there has been a significant change in the field of global medical cannabis, particularly in the State of Israel. Burdensome regulation, blocking of exports and approval of imports has caused a significant drop in prices and aggressive consolidation in the growers' market to the point of closing most of the growing farms in Israel, as a result, we expect difficulty in marketing cannabis software and a decrease in expected revenues from this field.

 **

***Business Risks relating to our proposed Cannabis Business***

 **

The Company has suspended its activity regarding the construction of a medical cannabis farm. See "*Medical Cannabis Business*". If the Company decides to renew this project, the following risk factors will have to be taken under consideration:

● The Company does not yet have sufficient financial resources to complete construction of the medical cannabis facility and there is no guarantee that we will be able to raise the necessary capital, either through debt or equity financing, or in either case, on favorable terms.

● Our cannabis facility business will be dependent on our obtaining certain licences and certain GSP and GAP good practice certifications, which if not maintained in good standing, may prevent us from being able to carry on or expand our operations.

● We will face risks inherent in an agricultural business, and an inability to grow crops successfully will interrupt our business activities.

● We will be relying on one key production facility, and disruption of operations at this facility could significantly interfere with our ability to continue our product testing, development and production activities.

● We will rely on key components of our production and distribution process, such as energy and third-party producers and distributors, and a disruption in the availability of those key components, or in increase in their cost, could adversely impact our business.

● Manufacturing difficulties, disruptions or delays could limit supply of our products and limit our product sales. Producing cannabis products is difficult, complex and highly regulated.

● We are subject to environmental, health and safety regulations and risks, which may subject us to liability under environmental laws.

● We are dependent on the success of our quality control systems, which may fail and cause a disruption of our business and operations.

● The success of our branded cannabis products business will depend on the success of the cannabis product candidates we develop. To date, we have not developed any cannabis products, and we do not expect to generate revenue from any cannabis products that we develop in the near future.

● Unfavorable publicity or unfavorable consumer perception of us or cannabis generally may constrain our sales and revenue.

***Business Risks relating to our Sensera Device***

● We
 have never generated any revenue from product sales and this part of our business may never be profitable.

● Our
 Sensera Device may contain errors or defects, which could result in damage to our reputation, lost revenues, diverted development
 resources and increased service costs, warranty claims and litigation.

● The
 complex nature of the Sensera Device increases the likelihood that our products will contain defects.

● Our
 Sensera Device contains potentially controlled substances, the use of which may generate public controversy.

● We
 require large financial investments to complete product development and market introduction, including marketing and sales budgets.

***General Business Risks***

● We face the risk of exposure to product liability claims, regulatory action and litigation if our products cause loss or injury.

● We may not be able to obtain insurance coverage for all of the risks we face, exposing us to potential uninsured liabilities.

● If any of the products that we produce or intend to produce are recalled due to an alleged product defect or for any other reason, we could be required to incur the unexpected expense of the recall and any legal proceedings that might arise in connection with the recall.

***Conditions in Israel, including the recent attack by Hamas and other terrorist organizations from the Gaza Strip and Israel's war against them, may adversely affect our operations and limit our ability to manage and market our products, which would lead to a decrease in revenues.***

Because most of our operations are conducted in Israel and most of the members of our board of directors, management, as well as a majority of our employees and consultants, including employees of our service providers, are located in Israel, our business and operations are directly affected by economic, political, geopolitical and military conditions affecting Israel. Since the establishment of the State of Israel in 1948, a number of armed conflicts have occurred between Israel and its neighboring countries and other hostile non-state actors. These conflicts have involved missile strikes, hostile infiltrations and terrorism against civilian targets in various parts of Israel, which have negatively affected business conditions in Israel.

In October 2023, the Iron Swords War (the "War") broke out in the State of Israel. The prolongation of the War led to a slowdown in business activity in the Israeli economy, inter alia due to the closure of factories in the south and north of the country, damage to infrastructure, recruitment of reserve forces for long periods, and therefore, to disruption of economic activity in Israel.

The war led to fluctuations in prices of merchandise, foreign currency exchange rates and affected on the availability of materials, availability of personnel, local services and access to local resources affected entities whose main activity is with or in Israel.

During October 2025, a ceasefire agreement was signed between Israel and the terrorist Organization "Hamas" through the mediation of several countries, primarily the United States, following which Israel partially withdrew from the Gaza Strip. As of the date of this MD&A, the full terms of the first part of the ceasefire agreement have not yet been fulfilled, and there is uncertainty regarding the fulfillment of all the conditions for its implementation, including the demilitarization of Gaza strip.

Thus, the current situation remains volatile, and the risk of broader regional escalation involving additional actors persists.

Since this is an event beyond the Company's control and characterized by uncertainty, inter alia as to the of the completion of the ceasefire agreement, as of the approval date of this MD&A, the Company is unable to predict the intensity of the impact of the War on the Company's financial condition and the results of the Company's operations.

Prior to the Hamas attack in October 2023, the Israeli government pursued extensive changes to Israel's judicial system, which sparked extensive political debate and unrest. In response to such initiative, many individuals, organizations and institutions, both within and outside of Israel, have voiced concerns that the proposed changes may negatively impact the business environment in Israel including due to reluctance of foreign investors to invest or transact business in Israel as well as to increased currency fluctuations, downgrades in credit rating, increased interest rates, increased volatility in security markets, and other changes in macroeconomic conditions. The risk of such negative developments has increased in light of the recent Hamas attacks and the war against Hamas declared by Israel. To the extent that any of these negative developments do occur, they may have an adverse effect on our business, our results of operations and our ability to raise additional funds, if deemed necessary by our management and board of directors.

The company wishes to clarify that as of October 2023, due to the continuing war status that broke out in the Gaza Strip and the difficult security situation in northern Israel, the timetables of the Company's various projects have been significantly delayed, due to reserve recruitment of employees, consultants and key employees of service providers, various shutdowns in the Israeli economy, a significant delay in shipments from Israel abroad and from abroad to Israel, the cessation of activity of various government institutions for many months. It was also decided to suspend the construction of the planned medical cannabis farm due, in part, to the proximity of the area designated for cultivation to the Gaza Strip.

The company does not know how long the delays will occur and whether it will be possible to return to full regular activity, and therefore, there has been a delay in the timetables for the development and production of the Sensera Device and it is not possible to estimate the exact time when it will be possible to return to full activity.

The Company cautiously assesses that if there is no further deterioration in security, it will be possible to return to full operations and launch the product in the fourth quarter of 2025.

In light of all of the above, there will be a significant delay in generating cash flow and income from the Company's operations in 2025.

**<u>OTHER MATTERS</u>**

***Legal Proceedings***

There are no ongoing legal proceedings of any kind initiated by the Company or by third parties against the Company.

***Contingent Liabilities***

At the date of this MD&A, management was unaware of any outstanding contingent liability relating to the Company's activities.

**Disclosure Controls and Procedures**

The Company's directors and officers are responsible for designing internal controls over financial reporting in order to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company's financial statements for external purposes in accordance with IFRS. The design of the Company's internal control over financial reporting was assessed as of the date of this MD&A.

Based on this assessment, it was determined that certain weaknesses existed in internal controls over financial reporting. As indicative of many small companies, the lack of segregation of duties and effective risk assessment were identified as areas where weaknesses existed. The existence of these weaknesses is to be compensated for by senior management monitoring, which exists. The officers will continue to monitor very closely all financial activities of the Company and increase the level of supervision in key areas. It is important to note that this issue would also require the Company to hire additional staff in order to provide greater segregation of duties. Since the increased costs of such hiring could threaten the Company's financial viability, management has chosen to disclose the potential risk in its filings and proceed with increased staffing only when the budgets and work load will enable the action.

The Company has attempted to mitigate these weaknesses, through a combination of extensive and detailed review by the Company's directors and officers, of the financial reports, the integrity and reputation of accounting personnel, and candid discussion of those risks.

**<u>DISCLAIMER</u>**

The information provided in this document is not intended to be a comprehensive review of all matters concerning the Company. The users of this information, including but not limited to investors and prospective investors, should read it in conjunction with all other disclosure documents provided by the Company from time to time.

No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented herein.

**<u>APPROVAL</u>**

The Company's board of directors oversees management's responsibility for financial reporting and internal control systems through the Company's audit committee. This committee meets periodically with management and annually with the independent auditors to review the scope and results of the annual audit and to review the financial statements and related financial reporting and internal control matters before the financial statements are approved by the board of directors and submitted to the shareholders of the Company. The Board of Directors of the Company has approved the Financial Statements and the disclosure contained in this MD&A.

## Exhibit 99.3

**Exhibit 99.3**

**Form 52-109F2**

***Certification of Interim Filings***

***Full Certificate***

I, Yftah Ben Yaackov, Chief Executive Officer of **Femto Technologies Inc**., certify the following:

1.  ***Review:*** I have reviewed the interim financial report and interim MD&A (together, the "interim
 filings") of **Femto Technologies Inc.** (the "issuer") for the interim
 period ended **September 30, 2025.** 

2.  ***No misrepresentations:*** Based on my knowledge, having exercised reasonable diligence,
 the interim filings do not contain any untrue statement of a material fact or omit to state
 a material fact required to be stated or that is necessary to make a statement not misleading
 in light of the circumstances under which it was made, with respect to the period covered
 by the interim filings.

3.  ***Fair presentation:*** Based on my knowledge, having exercised reasonable diligence, the interim
 financial report together with the other financial information included in the interim filings
 fairly present in all material respects the financial condition, financial performance and
 cash flows of the issuer, as of the date of and for the periods presented in the interim
 filings.

4.  ***Responsibility:*** The issuer's other certifying officer(s) and I are responsible for establishing
 and maintaining disclosure controls and procedures (DC&P) and internal control over financial
 reporting (ICFR), as those terms are defined in National Instrument 52-109 *Certification of Disclosure in Issuers' Annual and Interim Filings,* for the issuer.

5.  ***Design:*** Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer's
 other certifying officer(s) and I have, as at the end of the period covered by the interim
 filings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed
 DC&P, or caused it to be designed under our supervision, to provide reasonable assurance
 that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) material
 information relating to the issuer is made known to us by others, particularly during the
 period in which the interim filings are being prepared; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) information
 required to be disclosed by the issuer in its annual filings, interim filings or other reports
 filed or submitted by it under securities legislation is recorded, processed, summarized
 and reported within the time periods specified in securities legislation; and

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed
 ICFR, or caused it to be designed under our supervision, to provide reasonable assurance
 regarding the reliability of financial reporting and the preparation of financial statements
 for external purposes in accordance with the issuer's GAAP.

5.1  ***Control framework:*** The control framework the issuer's other certifying officer(s) and I used to design the issuer's ICFR is Internal Control
– Integrated Framework (2013) published by the Committee of Sponsoring Organization of the Treadway Commission ("COSO").

5.2  ***ICFR – material weakness relating to design:*** The issuer has disclosed in its interim
 MD&A for each material weakness relating to design existing at the end of the interim
 period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 description of the material weakness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 impact of the material weakness on the issuer's financial reporting and its ICFR; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 issuer's current plans, if any, or any actions already undertaken, for remediating
 the material weakness.

5.3  ***Limitation on scope of design:*** N/A

 ****

6.  ***Reporting changes in ICFR:*** The issuer has disclosed in its interim MD&A any change in the
 issuer's ICFR that occurred during the period beginning on January 1, 2025 and ended
 on September 30, 2025 that has materially affected, or is reasonably likely to materially
 affect, the issuer's ICFR.

Date: November 25, 2025

---

| |
|:---|
| "Yftah Ben Yaackov" |
| **Yftah Ben Yaackov** |
| **Chief Executive Officer** |

---

## Exhibit 99.4

**Exhibit 99.4**

**Form 52-109F2**

***Certification of Interim Filings***

***Full Certificate***

I, Gabi Kabazo, Chief Financial Officer of **Femto Technologies Inc**., certify the following:

1.  ***Review:*** I have reviewed the interim financial report and interim MD&A (together, the "interim
 filings") of **Femto Technologies Inc.** (the "issuer") for the interim
 period ended **September 30, 2025.** 

2.  ***No misrepresentations:*** Based on my knowledge, having exercised reasonable diligence,
 the interim filings do not contain any untrue statement of a material fact or omit to state
 a material fact required to be stated or that is necessary to make a statement not misleading
 in light of the circumstances under which it was made, with respect to the period covered
 by the interim filings.

3.  ***Fair presentation:*** Based on my knowledge, having exercised reasonable diligence, the interim
 financial report together with the other financial information included in the interim filings
 fairly present in all material respects the financial condition, financial performance and
 cash flows of the issuer, as of the date of and for the periods presented in the interim
 filings.

4.  ***Responsibility:*** The issuer's other certifying officer(s) and I are responsible for establishing
 and maintaining disclosure controls and procedures (DC&P) and internal control over financial
 reporting (ICFR), as those terms are defined in National Instrument 52-109 *Certification of Disclosure in Issuers' Annual and Interim Filings,* for the issuer.

5.  ***Design:*** Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer's
 other certifying officer(s) and I have, as at the end of the period covered by the interim
 filings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed
 DC&P, or caused it to be designed under our supervision, to provide reasonable assurance
 that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) material
 information relating to the issuer is made known to us by others, particularly during the
 period in which the interim filings are being prepared; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) information
 required to be disclosed by the issuer in its annual filings, interim filings or other reports
 filed or submitted by it under securities legislation is recorded, processed, summarized
 and reported within the time periods specified in securities legislation; and

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed
 ICFR, or caused it to be designed under our supervision, to provide reasonable assurance
 regarding the reliability of financial reporting and the preparation of financial statements
 for external purposes in accordance with the issuer's GAAP.

5.1  ***Control framework:*** The control framework the issuer's other certifying officer(s) and I used to design the issuer's ICFR is Internal Control
– Integrated Framework (2013) published by the Committee of Sponsoring Organization of the Treadway Commission ("COSO").

5.2  ***ICFR – material weakness relating to design:*** The issuer has disclosed in its interim
 MD&A for each material weakness relating to design existing at the end of the interim
 period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 description of the material weakness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 impact of the material weakness on the issuer's financial reporting and its ICFR; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 issuer's current plans, if any, or any actions already undertaken, for remediating
 the material weakness.

5.3  ***Limitation on scope of design:*** N/A

 ****

6.  ***Reporting changes in ICFR:*** The issuer has disclosed in its interim MD&A any change in the
 issuer's ICFR that occurred during the period beginning on January 1, 2025 and ended
 on September 30 , 2025 that has materially affected, or is reasonably likely to materially
 affect, the issuer's ICFR.

Date: November 25, 2025

---

| |
|:---|
| "Gabi Kabazo" |
| **Gabi Kabazo** |
| **Chief Financial Officer** |

---