AVALON HOLDINGS CORPORATION ANNOUNCES THIRD QUARTER RESULTS

(NYSE:AMEX) Avalon Holdings Corporation announced financial results for the third quarter and first nine months of 2026. Net operating revenues for the third quarter of 2026 were $24.3 million, compared to $25.7 million in the third quarter of 2025. Net income attributable to Avalon Holdings Corporation common shareholders was $2.7 million in the third quarter of 2026, up from $1.9 million in the third quarter of 2025. Basic net income per share for the third quarter of 2026 was $0.69, compared to $0.49 in the same period of 2025. For the first nine months of 2026, net operating revenues were $62.9 million, compared to $62.1 million for the first nine months of 2025. Net income attributable to Avalon Holdings Corporation common shareholders for the first nine months of 2026 was approximately $2.3 million, compared to $0.7 million in the first nine months of 2025. Basic net income per share for the first nine months of 2026 was $0.60, compared to $0.17 in the first nine months of 2025. Waste management services revenues were $11,098,000 for the third quarter of 2026 and $12,918,000 for the third quarter of 2025; for the first nine months, these were $32,720,000 in 2026 and $32,338,000 in 2025. Food, beverage and merchandise sales were $4,800,000 for the third quarter of 2026 and $4,553,000 for the third quarter of 2025; for the first nine months, $10,926,000 in 2026 and $10,337,000 in 2025. Other golf and related operations revenues were $8,398,000 for the third quarter of 2026 and $8,275,000 for the third quarter of 2025; for the first nine months, $19,206,000 in 2026 and $19,392,000 in 2025. Total golf and related operations revenues were $13,198,000 for the third quarter of 2026 and $12,828,000 for the third quarter of 2025; for the first nine months, $30,132,000 in 2026 and $29,729,000 in 2025. Total net operating revenues were $24,296,000 for the third quarter of 2026 and $25,746,000 for the third quarter of 2025; for the first nine months, $62,852,000 in 2026 and $62,067,000 in 2025. Waste management services operating costs were $8,446,000 for the third quarter of 2026 and $10,259,000 for the third quarter of 2025; for the first nine months, $24,997,000 in 2026 and $25,330,000 in 2025. Cost of food, beverage and merchandise was $1,917,000 for the third quarter of 2026 and $1,958,000 for the third quarter of 2025; for the first nine months, $4,679,000 in 2026 and $4,688,000 in 2025. Golf and related operations operating costs were $7,129,000 for the third quarter of 2026 and $7,425,000 for the third quarter of 2025; for the first nine months, $18,605,000 in 2026 and $19,401,000 in 2025. Depreciation and amortization expense was $921,000 for the third quarter of 2026 and $932,000 for the third quarter of 2025; for the first nine months, $2,776,000 in 2026 and $2,867,000 in 2025. Selling, general and administrative expenses were $2,718,000 for the third quarter of 2026 and $2,826,000 for the third quarter of 2025; for the first nine months, $8,007,000 in 2026 and $7,835,000 in 2025. Operating income was $3,165,000 for the third quarter of 2026 and $2,346,000 for the third quarter of 2025; for the first nine months, $3,788,000 in 2026 and $1,946,000 in 2025. Interest expense, net, was $509,000 for the third quarter of 2026 and $512,000 for the third quarter of 2025; for the first nine months, $1,517,000 in 2026 and $1,532,000 in 2025. Income before income taxes was $2,656,000 for the third quarter of 2026 and $1,834,000 for the third quarter of 2025; for the first nine months, $2,256,000 in 2026 and $414,000 in 2025. Provision for income taxes was $41,000 for the third quarter of 2026 and $45,000 for the third quarter of 2025; for the first nine months, $113,000 in 2026 and $100,000 in 2025. Net income was $2,615,000 for the third quarter of 2026 and $1,789,000 for the third quarter of 2025; for the first nine months, $2,143,000 in 2026 and $314,000 in 2025. Net loss attributable to non-controlling interest in subsidiary was $70,000 for the third quarter of 2026 and $113,000 for the third quarter of 2025; for the first nine months, $191,000 in 2026 and $363,000 in 2025. Weighted average shares outstanding - basic were 3,899,000 for all periods presented. As of September 30, 2026, total assets were $88,297,000 and total liabilities and equity were $88,297,000. Cash and cash equivalents as of September 30, 2026 were $6,306,000. Current portion of long term debt as of September 30, 2026 was $645,000. Total Avalon Holdings Corporation shareholders' equity as of September 30, 2026 was $40,689,000.

AVALON HOLDINGS CORPORATION ANNOUNCES SECOND QUARTER RESULTS

(NYSE:AMEX) Avalon Holdings Corporation announced financial results for the second quarter of 2026, reporting net operating revenues of $20.9 million compared with $20.3 million in the second quarter of 2025. Net income attributable to Avalon Holdings Corporation common shareholders was $0.9 million in the second quarter of 2026, up from $0.3 million in the second quarter of 2025. Basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.23 in the second quarter of 2026 versus $0.07 in the second quarter of 2025. For the first six months of 2026, net operating revenues were $38.6 million compared with $36.3 million for the first six months of 2025. The company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of approximately $0.4 million in the first six months of 2026 compared with a net loss of $1.2 million in the first six months of 2025. Basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.09 for the first six months of 2026 compared with $0.31 for the first six months of 2025. As of June 30, 2026, total assets were $87,622,000 and total shareholders' equity was $36,481,000.

AVALON HOLDINGS CORPORATION ANNOUNCES FIRST QUARTER RESULTS

Avalon Holdings Corporation announced its financial results for the first quarter of 2026. Net operating revenues were $17.7 million, up from $16.1 million in the first quarter of 2025. The company reported a net loss attributable to common shareholders of $1.2 million, an improvement from a net loss of $1.5 million in the prior year period. Basic net loss per share was $0.32 compared to $0.38 in the first quarter of 2025. Total assets as of March 31, 2026, were $87,549,000.