Significant End-Customer Wins Across Premium Casual Dining, Food Retail, and Food Distribution Sectors Driving Accelerating Commercial Momentum in Key North American Market
Second Tranche of Shareholder Approved Milestone Shares to be Issued After Reaching US$6M Revenue Milestone
VANCOUVER, British Columbia, April 07, 2026 (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, improving food quality, minimizing waste and enhancing sustainability, today reported its financial results for the year ended December 31, 2025, and provided a business update.
"We delivered strong full-year results in 2025, including a 627% increase in revenue and significant expansion in gross margins, along with continued momentum in the fourth quarter," said Jonathan Or, CEO of Beyond Oil. "Over the past year, we have achieved transformative momentum across our business as we continue establishing Beyond Oil as the global standard in healthier, more sustainable frying operations. Our successful listing to the Toronto Stock Exchange validates our innovative approach and positions us to capture institutional investment while expanding partnerships with leading foodservice brands worldwide. We also strengthened our leadership team to support the execution of our growth strategy in this critical market.
"Our commercial progress has been exceptional, with major achievements including becoming an approved vendor for a premium casual dining chain, establishing distribution through Sysco Los Angeles to enable system-wide accessibility across their entire network, and entering the US food retail vertical with a top-tier U.S. supermarket brand.
"These milestones collectively demonstrate the strength of our technology, the scalability of our solution, and the confidence major operators and brands place in our ability to continue delivering measurable improvements in food quality, safety, operational efficiency, and sustainability as we build momentum toward making Beyond Oil the global standard in frying operations."
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 December 31, 2025 (the "MD&A") and corresponding financial statements available at www.sedarplus.ca.
Q4 2025 Financial Highlights *All Figures in USD unless specifically mentioned otherwise
Revenue: Increased to $1.24 million in Q4 2025, compared to $320 thousand in Q4 2024, reflecting continued progress on commercial expansion initiatives.
Gross Profit: Increased to $550 thousand in Q4 2025, compared to $140 thousand in Q4 2024. Gross profit margin increased to 44.4% in Q4 2025 compared to 43.8% in Q4 2024, reflecting cost efficiencies as our business continues to scale.
Cash Position: The Company had $8.8 million of cash and short-term deposit as of December 31, 2025 compared to $3.6 million as of December 31, 2024.
Operating Expenses: Cash operating expenses were $1.1 million in Q4 2025 compared to $0.6 million in Q4 2024, reflecting strategic investments in global expansion marketing initiatives, production for inventory for future sales, and operational capabilities to support the Company's commercial growth. Total operating expenses reached $2.8 in Q4 2025 compared to $1.4 million in Q4 2024.
Net Loss: $2.8 million for Q4 2025 compared to $0.2 million for Q4 2024. The increase in net loss during the period was primarily attributable to the expansion of the Company's commercial activities and continued market penetration ...
