Beyond Oil (BOIL) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025, was $2,104K, a significant increase from $167K in the prior year period, driven by new distribution agreements and expanded global reach.

• Net loss for the period was $11,861K, compared to $2,145K in the prior year, mainly due to higher finance expenses and increased operating costs.

• The company completed a major strategic investment and brokered offering, raising over $7.5M in net proceeds, and expanded its distribution network across multiple continents.

• Cash and cash equivalents rose to $12,921K as of June 30, 2025, up from $3,616K at year-end 2024, reflecting strong financing activity.

Financial highlights

• Revenue increased to $2,104K for H1 2025 from $167K in H1 2024; Q2 revenue was $1,093K vs. $35K in Q2 2024.

• Net loss for H1 2025 was $11,861K, up from $2,145K in H1 2024; Q2 net loss was $853K, improved from $1,436K in Q2 2024.

• Operating expenses rose to $4,588K in H1 2025 from $1,593K in H1 2024, mainly due to higher G&A and marketing costs.

• Finance expenses surged to $8,467K in H1 2025, primarily from fair value adjustments of derivative liabilities.

• Cash provided by financing activities was $13,099K in H1 2025, up from $3,085K in H1 2024.

Outlook and guidance

• Management expects continued revenue growth from expanded distribution agreements and new market entries.

• The company is focused on achieving minimum purchase commitments from distributors, though actual proceeds to date are below long-term commitments.

• Ongoing efforts to uplist to the Toronto Stock Exchange are underway, with conditional approval received.