BT Brands(US:BTBD) Businesswire·2026-03-30 18:41Core Insights - BT Brands reported a significant turnaround in its financial performance for 2025, achieving a 138% increase in EBITDA and advancing its merger with Aero Velocity, Inc. [1][2][3] Financial Performance - The company recorded restaurant-level EBITDA of $1.7 million, up from $723,828 in 2024, reflecting a 138% improvement [4][16] - Operating loss decreased by approximately 80% to $(364,585) from $(1.8) million in 2024 [4] - Net loss improved to $(687,839), or $(0.11) per share, compared to $(2.3) million, or $(0.37) per share, in 2024 [4][9] - Total sales for 2025 were $13.49 million, down from $14.82 million in 2024 [6][13] Operational Improvements - The company enhanced performance by closing underperforming locations, implementing tighter labor and food cost controls, and focusing on operational efficiency, particularly at Burger Time and Pie In The Sky [2] - These measures led to improved restaurant-level margins despite a decrease in overall revenue [2] Merger with Aero Velocity - BT Brands is progressing with its merger with Aero Velocity, which aims to transform the company into a high-growth technology and infrastructure platform focused on AI-driven analytics and drone-based inspection services [3] - Post-merger, all restaurant assets and related liabilities will be distributed to BT Brands' pre-merger shareholders, with the new entity expected to operate as Aero Velocity Inc. [3] Strategic Outlook - The company enters 2026 with an improved operational base, positive EBITDA, and a strategic opportunity for growth through the Aero Velocity merger [5] - Management is focused on enhancing restaurant profitability, cash flow, and shareholder value while advancing the merger transaction [5]