First quarter sales volumes consistent to first quarter of prior year and trailing twelve-month sales volume growth of 18%

CALGARY, AB, May 15, 2026 /CNW/ - Big Rock Brewery Inc. (TSX:BR) ("Big Rock" or the "Corporation") today announces its financial results for the three months ended March 31, 2026.

Financial Summary

For the three months ended March 31, 2026, compared to the three months ended March 31, 2025, the Corporation reported:

net revenue remained consistent at $10.1 million;

total sales volumes down 14.9% to 58,138 hl compared to 68,344 hl, driven by a 22.8% decrease in co-packing sales volumes;

operating loss was $(1.0) million, a decrease of $1.1 million from $0.1 million;

Adjusted EBITDA decreased by $1.0 million to $(0.3) million. Adjusted EBITDA is a non-GAAP financial measure, see "Non-GAAP Measures".

$000, except hl and per share amounts

Three months ended

March 31

2026

2025

Sales volumes - wholesale (hl)

29,983

31,892

Sales volumes, contract (hl)

28,155

36,452

Total sales volumes (hl)

58,138

68,344

Gross product revenue

$   12,790

$      13,065

Net revenue

10,116

10,062

Cost of sales

6,995

6,353

Adjusted EBITDA (1)

(258)

688

Operating (loss) income

(974)

133

Net loss

(1,783)

(49)

Net loss per share, basic & diluted

$     (0.07)

$       (0.00)

(1)

Non-GAAP financial measure. See "Non-GAAP Measures".

In the first quarter of 2026 net ...