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Beyond Oil Reports Second Quarter 2026 Financial Results and Provides Business Update
Record Quarterly Revenue of $1.4 Million, Up 28% Year-over-Year; First-Half Revenue Up 26% compared to the corresponding period in 2025
Deliberate Investment in Building the U.S. Direct-Sales Foundation Aimed at Unlocking Significant Long Term Growth Opportunities
VANCOUVER, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) (“BeyondOil” 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 second quarter ended June 30, 2026, and provided a business update.
“Our Q2 2026 results delivered record quarterly revenue while we continued to make deliberate investments in the United States. direct-sales infrastructure required to support substantially larger enterprise customers,” said Jonathan Or, CEO of Beyond Oil.“Revenue grew 28% year-over-year to $1.4 million in Q2 and 26% to $2.7 million for the first half of the year, compared to the corresponding period in 2025, even as we deliberately directed significant focus to expanding our U.S. sales force and building the direct-sales infrastructure required to serve the significantly larger potential customers we are actively pursuing. We believe this U.S. direct-sales foundation will translate into meaningfully stronger margins over time and give Beyond Oil direct ownership of its most strategic customer relationships as the business scales. Building this infrastructure and winning these tier-one U.S. enterprise customers requires longer sales cycles and deeper commercial engagement than working through distributors, but we believe it positions Beyond Oil to serve them at a scale that could drive outsized long-term value for shareholders. Everything we saw in Q2, including the second ownership group of a top-tier U.S. supermarket brand approved subsequent to quarter-end, reinforces the trajectory we are building, with the goal of generating maximum long-term value for our shareholders and customers alike.”
The following disclosure does not constitute full disclosure of the Company’s financial and operational condition and is qualifiedin its entirety by, and should be read in conjunction with, the Company’s Management Discussion and Analysis for the period ending June 30, 2026 (the “MD&A”) and corresponding financial statements available at www.sedarplus.ca.
