Mr. Jonathan Or reports

BEYOND OIL REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL-YEAR 2025

Beyond Oil Ltd. has released its financial results for the year ended Dec. 31, 2025, and has provided a business update.

"We delivered strong full-year results in 2025, including a 627-per-cent increase in revenue and significant expansion in gross margins, along with continued momentum in the fourth quarter," said Jonathan Or, chief executive officer 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 food-service 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 U.S. 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 Dec. 31, 2025 (the MD&A), and corresponding financial statements available at SEDAR+.

Q4 2025 financial highlights

* All figures are in United States dollars unless specifically mentioned otherwise.

• Revenue: Increased to $1.24-million in Q4 2025, compared with $320,000 in Q4 2024, reflecting continued progress on commercial expansion initiatives.
• Gross profit: Increased to $550,000 in Q4 2025, compared with $140,000 in Q4 2024. Gross profit margin increased to 44.4 per cent in Q4 2025 compared with 43.8 per cent in Q4 2024, reflecting cost efficiencies as the company's business continues to scale.
• Cash position: The company had $8.8-million of cash and short-term deposit as of Dec. 31, 2025, compared with $3.6-million as of Dec. 31, 2024.
• Operating expenses: Cash operating expenses were $1.1-million in Q4 2025 compared with $600,000 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 with $1.4-million in Q4 2024.
• Net loss: $2.8-million for Q4 2025 compared with $200,000 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 efforts. This included increased investment in sales, marketing, operational infrastructure and support functions required to drive revenue growth and support the company's growth strategy in existing and new markets.

FY 2025 financial highlights

* All figures are in U.S. dollars unless specifically mentioned otherwise.

• Revenue: Increased to $4.5-million in FY 2025, compared with $600,000 in FY 2024, year-over-year growth of 627 per cent.
• Gross profit: Increased to $2.3-million in FY 2025, compared with $300,000 in FY 2024 and gross profit margin increased to 50.1 per cent in FY 2025 compared with 40.3 per cent in FY 2024.
• Net loss: A total of $16.0 for FY 2025 compared with $5.1-million for FY 2024, reflecting planned investments in sales, marketing, operational infrastructure and support functions to drive the company's revenue and growth strategy. With excluding non-cash expenses, related mainly to derivative liability adjustments and to share-based compensation expenses, the net loss is $4.1 for FY 2025 compared with $2.6-million for FY 2024.

Recent business highlights

• Expansion into U.S. supermarket vertical: Announced it has completed an initial deployment into 13 locations as part of a multiphase commercial rollout with a top-tier United States supermarket brand, markings its entry into the U.S. supermarket segment. The next phase of rollout is expected to include dozens of other locations, with a long-term opportunity to scale across hundreds of supermarkets across multiple states.
• Expansion into premium casual dining segment: Announced it has been approved as a vendor by a medium-sized restaurant chain in the United States. Following the initial implementation across 70 restaurants in the southeastern U.S. states, the company expects to extend the commercial rollout across the chain's restaurant group in the United States. The chain has hundreds of locations in the United States and is part of a larger multibrand company.
• Sysco Los Angeles distribution agreement: Announced that Sysco Los Angeles, a subsidiary of Sysco Corp., the world's largest food-service distributor, will make the Beyond Oil product available for sale through the Los Angeles operating company. Beyond Oil's approved vendor status and assigned SUPC (7461463) enables system-wide accessibility across the Sysco network, allowing additional Sysco operating companies throughout the United States to onboard the Beyond Oil product, if they choose to do so. This structure creates a scalable pathway for Beyond Oil to expand to more distribution centres domestically and globally.
• Strengthened leadership team: Announced the appointment of Dganit Kramer, Giora Bardea and Daniel Birnbaum to its advisory board.
  • Ms. Kramer is a highly respected executive with more than 25 years of senior leadership experience across telecommunications, technology and complex, multientity organizations. She is widely recognized for driving operational excellence, improving profitability and building structured management systems that support large-scale commercial growth.
  • Mr. Bardea brings over three decades of global leadership experience in the food and beverage industry. As CEO and president of the Strauss Group, he oversaw multinational operations and strengthened strategic partnerships, including with PepsiCo.
  • Mr. Birnbaum is known for transforming SodaStream into a global brand recognized in over 45 countries and leading it to one of the largest consumer M&A (merger and acquisition) transactions in the world. His expertise in operational scaling, disciplined commercial execution and building global distribution systems is directly aligned with Beyond Oil's next stage.

Issuance of milestone shares

Beyond Oil is also pleased to announce that it has surpassed aggregate revenue of $6-million (U.S.) in advance of the May, 2026, deadline, thereby fulfilling the condition for the release of an additional 4,882,101 common shares (the second milestone shares) in the capital of the company previously approved by the regulators in connection with Beyond Oil's going public transaction of May, 2022 (the RTO). The requirement to obtain a total of $6-million (U.S.) in obtained orders was exceeded by the company as it surpassed this requirement in recognized revenue, underscoring the company's strong growth trajectory (please see the company's continuous disclosure record at SEDAR+ for further details). Accordingly, the second milestone shares will be released to the original shareholders of Beyond Oil (Israel) existing before completion of the RTO.

Management cease trade order (MCTO)

Beyond Oil is also pleased to advise that its continuance from British Columbia to Ontario became effective on March 31, 2026 (the continuance). By receiving regulatory approval for the continuance, Beyond Oil was able to file its audited financial statements for the year ended 2025, MD&A and annual information form for the year ended Dec. 31, 2025, being the outstanding annual filings that were the subject of the MCTO issued by the British Columbia Securities Commission on April 1, 2026.

Please review the company's MD&A for a detailed description of the status of each of the agreements and aforementioned developments.

About Beyond Oil Ltd.

Beyond Oil is a food-tech innovation company dedicated to creating solutions that mitigate health risks, reduce costs for food-service companies and improve sustainability. The company's patented technology, with regulatory clearances from the Food and Drug Administration and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil's solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants and institutions such as schools and military facilities. Beyond Oil's product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings and reduced environmental impact.

We seek Safe Harbor.