Orion Digital Repurchases One Million Shares

Cumulative share repurchases since 2022 equivalent to approximately 11% of shares outstanding

VANCOUVER, British Columbia--(BUSINESS WIRE)--Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) (“Orion Digital” or the “Company”) today announced that on November 10, 2026, it repurchased one million shares of its common shares under the Company’s previously announced Nasdaq share repurchase authorization, at an average of US$1.15 per share, representing approximately 4% of the common shares outstanding as at September 30, 2026. Following this transaction, the Company has approximately US$5.7 million remaining under the authorization.

The Company intends to continue to evaluate opportunities to repurchase its common shares when it believes prevailing market prices represent an attractive use of capital. Including this most recent transaction, the Company has repurchased 1,245,725 common shares in 2026. Since 2022, the Company has repurchased common shares equivalent to approximately 11% of its common shares outstanding as at September 30, 2026.

“We remain focused on allocating capital where we believe it can generate attractive long-term returns for shareholders,” said Greg Feller, President and CFO. “At current levels, we believe opportunistic share repurchases represent an attractive use of capital given the underlying value and opportunity we see in the business.”

In its recently reported Q3 2026 financial results, the Company generated $2.5 million of operating cash flow and repaid $4.3 million of debt. Orion Digital ended September 30, 2026 with $30.9 million in cash, restricted cash, marketable securities and investments.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding the Company’s capital allocation strategy, and future share repurchases. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Orion Digital’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Orion Digital’s control, including the receipt of any required regulatory approval. For a description of the risks associated with Orion Digital’s business please refer to the “Risk Factors” section of Orion Digital’s current annual information form, which is available at www.sedarplus.com and www.sec.gov. Except as required by law, Orion Digital disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

About Orion Digital Corp.

Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) is a financial technology company operating two platforms: a Canadian consumer platform spanning Intelligent Investing and Mogo Lending, and Carta Worldwide, its European payments infrastructure platform.

Intelligent Investing is building a capital-allocation system for an AI investing world, designed to help individual investors make better long-term investment decisions rather than simply trade more. By combining AI-powered research and analysis with portfolio context, structured decision-making and ongoing performance evaluation, Intelligent Investing aims to help investors make more informed capital-allocation decisions over time.

Mogo Lending provides Canadian consumer lending products, managed for risk-adjusted returns and capital efficiency. Carta Worldwide provides payments infrastructure supporting more than $11 billion in annual payment volume and reaching more than four million end users through its clients.

Orion allocates capital across its businesses based on expected returns, capital efficiency and liquidity requirements.