Growth Trajectory Remains Strong
First Tranche of Previously Shareholder Approved Milestone Shares to be Issued After Reaching US$3M Revenue Milestone
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX:BOIL) ("Beyond Oil" or the "Company"), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today reported its financial results for the third quarter ended September 30, 2025, and provided a business update.
"Our third quarter results continue to demonstrate the strength of our strategy and the accelerating demand for our unique solution," said Jonathan Or, CEO of Beyond Oil. "We remain focused on building durable, long-term partnerships with distributors and customers who can deliver meaningful scale and global reach, creating a strong foundation for recurring revenue and international expansion."
"The fundamentals of our business are firmly in place. We are seeing meaningful commercial traction across key markets and continued progress with some of the world's most influential foodservice brands. Over the past year, we have strengthened our team, upgraded our operational systems, and built the infrastructure needed to support the next stage of our growth. We are also continuing to refine our distribution network to align with partners who can scale. With these foundations set, we are preparing the business to elevate its performance across all areas, as we position the Company for meaningful growth in 2026 as we continue advancing our mission to become the global standard for healthier frying."
The following disclosure does not constitute full disclosure of the Company's financial and operational condition and is qualified by, and should be read in conjunction with, the Company's Management Discussion and Analysis for the period ending September 30, 2025 (the "MD&A") and corresponding financial statements available at www.sedarplus.ca.
Q3 2025 Financial Highlights *All Figures in USD unless specifically mentioned otherwise
Revenue: Increased to $1.2 million in Q3 2025, compared to $133 thousand in Q3 2024 and $1.1 million in Q2 2025, reflecting continued progress on commercial expansion initiatives.
Gross Profit: Increased to $550 thousand in Q3 2025, compared to $53 thousand in Q3 2024. Gross profit margin increased to 47.1% in Q3 2025 compared to 39.8% in Q3 2024, reflecting cost efficiencies as our business continues to scale.
Cash Position: The Company had $10.6 million of cash as of September 30, 2025 compared to $3.6 million as of December 31, 2024, reflecting the net proceeds from the Clal Insurance investment, and the remainder from the exercise of 99.9% of the outstanding warrants during the first half of ...
