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Beyond Oil Reports Financial Results for the Third Quarter of 2025
Globenewswire· 2025-12-01 12:30
Core Insights - Beyond Oil Ltd. reported a significant revenue increase of 779%, rising from US$133K in Q3 2024 to US$1.2M in Q3 2025, indicating strong commercial expansion [1][5] - The company achieved a gross profit of US$550K in Q3 2025, with a gross profit margin of 47.1%, up from 39.8% in Q3 2024, reflecting improved cost efficiencies [5] - Beyond Oil's cash position strengthened to US$10.6 million as of September 30, 2025, compared to US$3.6 million at the end of 2024, bolstered by investments and warrant exercises [5] - The company is focused on building long-term partnerships and expanding its distribution network to support future growth [3][6] Financial Highlights - Revenue for Q3 2025 reached US$1.2 million, an increase from US$1.1 million in Q2 2025, showcasing ongoing commercial progress [5] - Operating expenses rose to US$2.4 million in Q3 2025 from US$0.8 million in Q3 2024, driven by strategic investments in marketing and operational capabilities [5] - The net loss improved to US$1.55 million in Q3 2025, down from US$2.7 million in Q3 2024, as finance income offset operational losses [5] Business Developments - Beyond Oil surpassed US$3 million in aggregate revenue, triggering the release of 4,882,101 milestone shares to original shareholders [7] - The company appointed Giora BarDea as VP of Global Strategy to enhance long-term planning and international partnerships [6][10] - A new supplier agreement with Sodexo Israel was established, expanding Beyond Oil's reach in the catering services sector [10]