Beyond Oil Reports Financial Results for the Second Quarter of 2025
Revenue Up More Than 30x as compared to Q2 2024; Gross Margin Expansion and Substantial Reduction in Losses
Growth Trajectory Remained Strong
VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (CSE:BOIL) ("Beyond Oil" or the "Company"), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today reported its financial results for the second quarter ended June 30, 2025, and provided a business update.
"We delivered solid second-quarter results that demonstrate both our strong growth trajectory and our disciplined approach to building the business," said Jonathan Or, CEO of Beyond Oil. "Revenue grew more than 30 times compared to the same quarter last year, supported by increased demand from customers and distributors since our global launch at the beginning of 2025. Our gross margin expanded to 56.3%, a significant increase from 45.7% in the same period last year, while our net loss improved by 43% and comprehensive loss decreased by 91%. These improvements reflect both growing market adoption and operational efficiency."
Mr. Or added: "Increased revenue is directly correlated to our deliberate decision to focus on building sustainable, long-term partnerships rather than chasing quick wins or selling through small turn-key distributors simply to show quarterly growth. We continue to focus on new distributors and customers who can deliver lasting value and global reach. At the same time, we are working closely with our existing partners to ensure they are positioned for success, while refining our distribution network to align only with those capable of scaling with us. This disciplined approach ensures Beyond Oil is positioned to capture meaningful, recurring revenue with partners who share our vision. In parallel, we are in advanced commercial process with some of the most influential food brands in the world. While these agreements with strategic distributors and customers take time to execute, we are making strong progress, and our investors will begin to see the impact of these initiatives.
The Company is also investing significantly in sales and marketing initiatives in new territories, which we expect will drive additional growth in the near future. With our strong financial position, including nearly $12million in existing cash, expanding partnerships, and proven commercial traction globally, we are well-positioned to capitalize on the significant opportunities ahead."
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 June 30, 2025 (the "MD&A") and corresponding financial statements available at sedarplus.ca
Q2 2025 Financial Highlights *All Figures in USD unless specifically mentioned otherwise
Revenue: Increased to $1.1 million in Q2 2025, compared to ...
