Purebread Brands Inc. Reports Q1 2026 Results

• Annual adjusted EBITDA (1): $1.0 million, improved 300% YoY
• Quarterly gross profit percentage: 65%, improved from 61% in Q1 2025
• Total operating expenses in Q1 2026 reduced by 45% compared to Q4 2025, and reduced by 28% compared to Q3 2025
• Quarterly revenue: $3.6 million, down 10% YoY

Vancouver, British Columbia--(Newsfile Corp. - October 10, 2025) - Purebread Brands Inc. (TSXV: BRED) ("Purebread" or the "Company") is pleased to announce its Q1 2026 financial results, the highlights of which are included in this news release. The full set of Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis can be viewed by visiting the Company's website at www.purebreadbrands.com or its SEDAR+ profile at www.sedarplus.ca.

Q1 2026 Financial Highlights

• Q1 2026 Adjusted EBITDA of $1.0 million, a 300% improvement from $(0.5) million in the prior year. Improvements in Adjusted EBITDA are attributable to the ongoing efforts to streamline the business and maximize efficiency in operating expenses.

• Gross profit percentage increased YoY to 65% in Q1 2026 from 61% in Q1 2025. The increase in gross profit was primarily driven by the Company's strategic rationalization of operations, including a shift in focus toward its core bakery business and reduced emphasis on the Coho Kitchens, resulting in lower overall costs.

• Total operating expenses decreased by 45% compared to Q4 2025 and reduced by 28% compared to Q3 of 2025. The decrease in the operating expenses aligns with management's cost-reduction efforts and continued focus on streamlining the business going forward.

• Revenue decreased 10% YoY from $4 million in Q1 2025 to $3.6 million in Q1 2026. The decrease in revenue was as a result of the discontinuation of certain Coho kitchen locations.

			Three Months Ended June 30,			Three Months Ended June 30,
			2025			2024
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