VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 28, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“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 first quarter ended March 31, 2025, and provided a business update.
Jonathan Or, CEO of Beyond Oil, commented: “The first quarter of 2025 marks a transformative period for Beyond Oil, with record revenues of US$1.01 million, representing 660% growth year-over-year and 216% sequential growth over Q4 2024. This exceptional performance reflects the acceleration of our global commercialization efforts and the growing market adoption of our product across five continents. The quarter was significant not just in terms of its financial results, but also in terms of our commercial and business milestones, including the announcement of a C$10.64 million private placement led by an investment by Clal Insurance (which subsequently closed in Q2 2025), alongside the significant expansion of our distribution network across the globe through a series of distribution agreements. As we continue to execute on our commercial strategy, we are seeing the benefits of investments made throughout 2024, with major distribution agreements signed in late 2024 and early 2025 already contributing meaningfully to our financial results. With our strengthened cash position and global pipeline, we believe we are well-positioned to continue our growth trajectory as we work towards a potential uplisting to a senior exchange.”
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 March 31, 2025 (the “MD&A”) and corresponding financial statements available at sedarplus.ca
Q1 2025 Financial Highlights
*All Figures in USD unless specifically mentioned otherwise
- Revenue: Increased 660% to $1.01 million in Q1 2025, compared to $0.13 million in Q1 2024, and 216% sequential growth over Q4 2024 ($0.32 million). Notably, Q1 2025’s revenue surpassed the total revenue of for the entire financial year 2024, demonstrating the accelerating sales growth the Company is experiencing.
- Gross Profit: Increased 1176% to $513 thousand in Q1 2025, compared to $41 thousand in Q1 2024, and 266% sequential growth over Q4 2024 ($140 thousand).
- Cash Position: Strengthened to $4.49 million as of March 31, 2025, a 24% increase compared to $3.62 million as of December 31, 2024.
- Operating Expenses: Cash operating expenses were $1.25 million in Q1 2025, up from $0.55 million …
Full story available on Benzinga.com
VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 28, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“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 first quarter ended March 31, 2025, and provided a business update.
Jonathan Or, CEO of Beyond Oil, commented: “The first quarter of 2025 marks a transformative period for Beyond Oil, with record revenues of US$1.01 million, representing 660% growth year-over-year and 216% sequential growth over Q4 2024. This exceptional performance reflects the acceleration of our global commercialization efforts and the growing market adoption of our product across five continents. The quarter was significant not just in terms of its financial results, but also in terms of our commercial and business milestones, including the announcement of a C$10.64 million private placement led by an investment by Clal Insurance (which subsequently closed in Q2 2025), alongside the significant expansion of our distribution network across the globe through a series of distribution agreements. As we continue to execute on our commercial strategy, we are seeing the benefits of investments made throughout 2024, with major distribution agreements signed in late 2024 and early 2025 already contributing meaningfully to our financial results. With our strengthened cash position and global pipeline, we believe we are well-positioned to continue our growth trajectory as we work towards a potential uplisting to a senior exchange.”
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 March 31, 2025 (the “MD&A”) and corresponding financial statements available at sedarplus.ca
Q1 2025 Financial Highlights
*All Figures in USD unless specifically mentioned otherwise
- Revenue: Increased 660% to $1.01 million in Q1 2025, compared to $0.13 million in Q1 2024, and 216% sequential growth over Q4 2024 ($0.32 million). Notably, Q1 2025’s revenue surpassed the total revenue of for the entire financial year 2024, demonstrating the accelerating sales growth the Company is experiencing.
- Gross Profit: Increased 1176% to $513 thousand in Q1 2025, compared to $41 thousand in Q1 2024, and 266% sequential growth over Q4 2024 ($140 thousand).
- Cash Position: Strengthened to $4.49 million as of March 31, 2025, a 24% increase compared to $3.62 million as of December 31, 2024.
- Operating Expenses: Cash operating expenses were $1.25 million in Q1 2025, up from $0.55 million …
Full story available on Benzinga.com
VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 28, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“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 first quarter ended March 31, 2025, and provided a business update.
Jonathan Or, CEO of Beyond Oil, commented: “The first quarter of 2025 marks a transformative period for Beyond Oil, with record revenues of US$1.01 million, representing 660% growth year-over-year and 216% sequential growth over Q4 2024. This exceptional performance reflects the acceleration of our global commercialization efforts and the growing market adoption of our product across five continents. The quarter was significant not just in terms of its financial results, but also in terms of our commercial and business milestones, including the announcement of a C$10.64 million private placement led by an investment by Clal Insurance (which subsequently closed in Q2 2025), alongside the significant expansion of our distribution network across the globe through a series of distribution agreements. As we continue to execute on our commercial strategy, we are seeing the benefits of investments made throughout 2024, with major distribution agreements signed in late 2024 and early 2025 already contributing meaningfully to our financial results. With our strengthened cash position and global pipeline, we believe we are well-positioned to continue our growth trajectory as we work towards a potential uplisting to a senior exchange.”
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 March 31, 2025 (the “MD&A”) and corresponding financial statements available at sedarplus.ca
Q1 2025 Financial Highlights *All Figures in USD unless specifically mentioned otherwise
Revenue: Increased 660% to $1.01 million in Q1 2025, compared to $0.13 million in Q1 2024, and 216% sequential growth over Q4 2024 ($0.32 million). Notably, Q1 2025’s revenue surpassed the total revenue of for the entire financial year 2024, demonstrating the accelerating sales growth the Company is experiencing.
Gross Profit: Increased 1176% to $513 thousand in Q1 2025, compared to $41 thousand in Q1 2024, and 266% sequential growth over Q4 2024 ($140 thousand).
Cash Position: Strengthened to $4.49 million as of March 31, 2025, a 24% increase compared to $3.62 million as of December 31, 2024.
Operating Expenses: Cash operating expenses were $1.25 million in Q1 2025, up from $0.55 million …Full story available on Benzinga.com Read MoreAdvisory, BEOLF, CSE:BOIL, Earnings, Markets, Press Releases Markets
