CORRECTION FROM SOURCE: Eshbal Reports First-Half 2026 Revenue of US$8.8 Million, Up 30% Year-Over-Year

Toronto, Ontario–(Newsfile Corp. – August 28, 2026) – Eshbal Functional Food Inc. (TSXV: ESBL) (“Eshbal” or the “Company”) today announced its financial results for the three and six months ended June 30, 2026. The Company is issuing this amended news release to include additional second-quarter financial information that was omitted from its August 27, 2026 news release.

Eshbal reported revenue of US$8.76 million for the first six months of 2026, an increase of 30.4% compared with US$6.72 million for the same period in 2025. Gross profit increased 19.4% to US$2.06 million from US$1.73 million. For the second quarter of 2026, revenue was US$3.38 million, an increase of 13.9% compared with US$2.97 million in Q2 2025. Gross profit was US$511,000 compared with US$628,000 in Q2 2025, and net loss was US$789,000 compared with US$2.00 million in Q2 2025.

The year-over-year comparison reflects the continued evolution of Eshbal following completion of its reverse takeover in April 2025. Accordingly, the first four months of the 2025 comparative period primarily reflected Eshbal’s operations prior to completion of the RTO and did not include the Company’s current public-company cost structure or its subsequently acquired North American operations. The Q2 2025 comparative period included US$1.69 million of listing expenses associated with the RTO.

Financial Highlights

• H1 revenue: US$8.76 million, up 30.4%
• Q2 revenue: US$3.38 million, up 13.9%
• Q2 gross profit: US$511,000, compared with US$628,000 in Q2 2025
• Q2 net loss: US$789,000, compared with US$2.00 million in Q2 2025
• H1 gross profit: US$2.06 million, up 19.4%
• H1 gross margin: 23.5%, compared with 25.7% in H1 2025
• Total assets: US$15.18 million at June 30, 2026, compared with US$12.24 million at December 31, 2025

During the first half of 2026, the Company continued to expand its North American platform through acquisitions, local manufacturing, foodservice, retail and e-commerce initiatives, while continuing to grow its core operations. The Company’s condensed interim consolidated financial statements and MD&A for the three and six months ended June 30, 2026 are available under the Company’s profile on SEDAR+.

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