Mr. John Kueber reports

NEVIS BRANDS REPORTS SIX MONTHS ENDED MAY 31, 2026 FINANCIAL RESULTS

Nevis Brands Inc. today released its financial results for the six months ended May 31, 2026.

By prioritizing capital efficiency and focusing on high-margin regulated markets, Nevis has significantly strengthened its balance sheet, driven positive operating cash flow, and successfully transitioned away from hemp-derived products.

Key financial and operational highlights:

• Nevis reported total revenue of $799,015 for the six-month period, down slightly by 4 per cent from $835,100 in the previous period of December through May, 2025. The reduction in revenues reflects Nevis's strategic wind-down of hemp-derived products to optimize the company's risk and margin profiles.
• The company reported a net loss of $77,188 for H1 (first half) 2026. However, when excluding non-cash items of amortization ($121,756) and depreciation ($3,831), Nevis generated a positive adjusted operating outcome of $48,399.
• Net cash provided by operating activities increased to $39,577 for the six months ended May 31, 2026, representing an increase from the $7,804 recorded in the prior-year corresponding period.
• Achieved a positive working capital position of $45,517 as of May 31, 2026, versus the working capital deficiency of $64,293 from Nov. 30, 2025.
• Growth in core licensed markets: The company recorded increased revenues in Arizona and New Mexico which mitigated the revenue reduction from hemp-derived THC (tetrahydrocannabinol).
• Debt reduction: The company successfully paid down over $50,000 of debt owed to QuickBooks Capital and a chief executive officer loan using cash generated from operations, alongside extending its promissory note with SoRSE.

"The first six months of our fiscal year represents excellent progress in refocusing on our core licensee markets," said John Kueber, CEO of Nevis Brands. "By growing our footprint in existing and new regulated territories, we have almost entirely replaced the revenue from our former hemp-derived THC business.

Mr. Kueber continued: "Combined with strict operational discipline, we have improved both our cash flows and our working capital. Nevis has a proven ability to secure new licensees and distributors with minimal capital expenditure. As we look to the second half of 2026, we will maintain this fiscal discipline, continue to innovate with new products in both the cannabis and non-cannabis beverage sectors, and fund our next phase of growth directly through operating cash flow."

About Nevis Brands Inc.

Nevis Brands is a leading beverage innovator with products enjoyed by millions of consumers nationwide. Building on the massive success of its flagship cannabis and hemp-derived THC brands like Major and Happy Apple, Nevis is pioneering the future of functional wellness. The company is dedicated to crafting a diverse portfolio of approachable, high-quality beverages -- ranging from cannabis-infused to non-psychoactive adaptogenic drinks -- designed to actively support modern consumer lifestyles and daily wellness routines.

Nevis Brands is publicly traded on the Canadian Securities Exchange under the symbol NEVI, on the OTCQB under the symbol NEVIF and on the Frankfurt Stock Exchange under the symbol 8DZ.

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