Buda Juice Reports First Quarter Fiscal 2026 Financial Results

Buda Juice Reports First Quarter Fiscal 2026 Financial Results Completes First Full Quarter as a Public Company With 17.7% Revenue Growth and 37% Free Cash Flow Growth Dallas, TX, May 13, 2026 – Buda Juice, Inc. (NYSE American: BUDA), $BUDA, creator and pioneer of the Ultra Fresh™ category in the supermarket fresh perimeter, today reported financial results for the quarter ended March 31, 2026. Horatio Lonsdale-Hands, Co-Founder and Chief Executive Officer of Buda Juice, commented: “The first quarter of fiscal 2026 represents a meaningful milestone for Buda Juice. It was effectively our first full quarter as a public company, and we delivered on our commitments. Revenue grew nearly 18% year over year, above the mid-teens outlook we discussed on our last earnings call, while free cash flow increased 37% from the prior-year period. “Gross margin was impacted by a temporary spike in lime costs following supply chain disruptions in western Mexico in March. Improved labor efficiency, with labor costs as a percentage of revenue improving more than 150 basis points year over year, helped partially offset the impact. Conditions stabilized by the end of the quarter, and we do not currently view this as reflective of the underlying economics of our business. “Subsequent to quarter’s end, Buda Juice reached another major milestone with the expansion of Buda Fresh™ Cherry Limeade into 246 Walmart stores across nine states. This significantly expanded our geographic footprint beyond Texas and represents an important early step in demonstrating that the Ultra Fresh category and our Fresh35°™ cold-chain platform can scale into broader multi-state distribution. “When we went public in January, we stated that expanding distribution and bringing our products to more consumers would be a key next step for the Company. We believe this expansion reflects continued progress against that strategy.” First Quarter Financial Highlights (2026 vs. 2025) ● Revenue increased 17.7% to $3.5 million compared to $3.0 million; ● Gross Profit increased 3.5% to $1.4 million compared to $1.3 million; ● Operating Income decreased to $0.6 million compared to $0.8 million; ● Net Income of $0.4 million compared to $0.8 million; ● Diluted earnings per share (EPS) of $0.03; ● Non-GAAP Net Income of $0.6 million compared to $0.6 million; ● Non-GAAP EPS of $0.05; ● Adjusted EBITDA of $0.8 million; ● Free Cash Flow of $1.1 million. 1 See GAAP to Non-GAAP reconciliations at the end of this release Conference Call and Webcast Information Buda Juice will host a conference call this morning, at 11:00 a.m. Eastern Time to discuss its financial and operational results for its first quarter ended March 31, 2026. Dial-in and Webcast Information Date/Time: Wednesday, May 13, 2026, at 11:00 a.m. Eastern Time Toll-Free (North America): (800) 715-9871 Toll/International: (646) 307-1963 Conference Call ID: 7817249 Webcast Link: https://events.q4inc.com/attendee/605302226 Replay Information Toll-Free (North America) (800) 770-2030 Toll/International: (609) 800-9909 Conference Call ID: 7817249 Expiration: Wednesday, May 20, 2026, 11:59 p.m. Eastern Time About Buda Juice Buda Juice (NYSE American: BUDA) is the creator and pioneer of the Ultra Fresh™ category through an end-to-end cold chain platform that delivers always-cold, freshly crafted juices, lemonades and wellness shots to grocery retailers. The Company provides a turnkey alternative to shelf-stable beverages and in-store juicing, enabling retailers to offer truly fresh, clean-label products without added infrastructure or operational complexity. Its continuous 35°F cold chain from fruit to shelf delivers products with an 8 to 12-day shelf life that preserves authentic taste and nutrient quality while enabling efficient retail distribution. Buda Juice’s proprietary cold-chain infrastructure enables the Company to scale the Ultra Fresh category nationally while maintaining the quality, safety and consistency required by leading grocery retailers, with a disciplined focus on profitability. Additional information about the Company can be found at https://budajuice.com. Forward-Looking Statements This press release contains certain “forward-looking statements”. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “believe,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s public filings with the Securities and Exchange Commission, available for review at www.sec.gov. Buda Juice Investor/Press Contact Brian S. Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR – Chicago (346) 396-8696 (o) brian@haydenir.com Buda Juice LLC Balance Sheets (Amounts in Thousands) As of As of March 31, 2026 December 31, 2025 (Unaudited) ASSETS Current assets Cash $ 19,828 $ 1,840 Accounts receivable 494 386 Inventory 445 348 Prepaid expenses and other current assets 216 645 Total current assets 20,983 3,219 Property and equipment, net of accumulated depreciation of $2,153 and $2,096, respectively 1,138 976 Operating lease right-of-use asset 739 775 Total assets $ 22,860 $ 4,970 LIABILITIES AND STOCKHOLDERS’ AND MEMBERS’ EQUITY Current liabilities: Accounts payable $ 623 $ 289 Other current liabilities 279 161 Operating lease liability, current portion 139 135 Total current liabilities 1,041 585 Operating lease liability, net of current portion 610 647 Deferred income tax liability 182 - Total long-term liabilities 792 647 Total liabilities 1,833 1,232 Stockholders’ and Members’ Equity Members’ equity - 2,554 Preferred Stock, $0.001 par value; 10,000 shares authorized; 0 shares issued; 0 shares outstanding - - Common stock, $0.001 par value — 90,000 shares authorized; 13,067 shares issued; 12,567 shares outstanding 13 - Additional paid-in capital 23,192 - Less: Treasury stock (3,750 ) - Retained earnings 1,572 1,184 Total stockholders’ and members’ equity 21,027 3,738 Total liabilities and stockholders’ and members’ equity $ 22,860 $ 4,970 Buda Juice LLC Statements of Operations (Amounts in Thousands, Except Per Share Data) Three Months Ended March 31 2026 2025 Net sales $ 3,508 $ 2,980 Cost of goods sold 2,122 1,642 Gross profit 1,386 1,338 Operating expenses: Delivery and handling expense 130 128 Selling, general and administrative expense 663 416 Total operating expenses 793 544 Income from operations 593 794 Other income 17 - Interest income, net 137 13 Net income before income tax 747 807 Income tax expense 359 - Net income $ 388 $ 807 Net income per share - Basic $ 0.03 - Weighted average shares outstanding - Basic 12,287 - Net income per share - Diluted $ 0.03 - Weighted average shares outstanding - Diluted 12,351 - Buda Juice LLC Statements of Cash Flows (Amounts in Thousands) Three Months Ended March 31, 2026 March 31, 2025 Cash flows from operating activities Net income $ 388 $ 807 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 57 87 Amortization of right to use asset 36 25 Deferred income taxes 182 - Changes in assets and liabilities: Accounts receivable (108 ) (143 ) Inventory (97 ) 55 Prepaid expenses and other current assets 429 (5 ) Accounts payable and other current liabilities 452 107 Payments on operating lease obligations (34 ) (29 ) Net cash provided by operating activities 1,305 904 Cash flows from investing activities Capital spending of property and equipment (218 ) (139 ) Net cash used for investing activities (218 ) (139 ) Cash flows from financing activities Proceeds from initial public offering 23,000 - Payments of underwriting discounts and offering costs (2,349 ) - Redemption of common stock (3,750 ) - Cash distributed to owners - (1,438 ) Net cash provided by (used in) financing activities 16,901 (1,438 ) Net change in cash and cash equivalents 17,988 (673 ) Cash and cash equivalents at beginning of year 1,840 1,889 Cash and cash equivalents at end of year $ 19,828 $ 1,215 Supplemental disclosures of cash flow information: Cash paid for interest - - Cash paid for taxes - - Non-GAAP Financial Measures This press release includes references to Adjusted EBITDA and free cash flow, which are non-GAAP financial measures. These non-GAAP measures are provided as supplemental information to assist investors in evaluating the Company’s operating performance and liquidity. They are not intended to be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP. Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation and amortization, and certain non-recurring or non-cash items. Free cash flow is defined as net cash provided by operating activities less capital expenditures.