CORRECTION FROM SOURCE: Eshbal Reports First-Half 2026 Revenue of US$8.8 Million, Up 30% Year-Over-Year

(TSXV:ESBL) Eshbal Functional Food Inc. announced its financial results for the three and six months ended June 30, 2026. The Company is issuing this amended news release to include additional second-quarter financial information that was omitted from its August 27, 2026 news release. Eshbal reported revenue of US$8.76 million for the first six months of 2026.

Eshbal Reports First-Half 2026 Revenue of US$8.8 Million, Up 30% Year-Over-Year

(TSXV: ESBL) Eshbal Functional Food Inc. announced its financial results for the three and six months ended June 30, 2026. Eshbal reported revenue of US$8.76 million for the first six months of 2026, an increase of 30.4% compared with US$6.72 million for the same period in 2025. Gross profit increased 19.4% to US$2.06 million from US$1.73 million. For the second quarter of 2026, revenue was US$3.38 million, an increase of 13.9% compared with US$2.97 million in Q2 2025. H1 gross margin was 23.5%, compared with 25.7% in H1 2025. Total assets were US$15.18 million at June 30, 2026, compared with US$12.24 million at December 31, 2025. During the first half of 2026, the Company continued to expand its North American platform through acquisitions, local manufacturing, foodservice, retail and e-commerce initiatives.

Eshbal Reports Record Q1 2026 Revenues, Up 43% YoY

(TSXV: ESBL) Eshbal Functional Food Inc. reported its financial results for the three months ended March 31, 2026, with revenue increasing 43% to US$5.38 million compared to US$3.76 million in Q1 2025. Gross profit increased 41% to US$1.55 million compared to US$1.10 million in Q1 2025, while gross margin remained relatively stable at approximately 29%. Operating income for Q1 2026 totaled US$254 thousand and income before taxes totaled US$149 thousand, compared to operating income of US$434 thousand and income before tax of US$390 thousand in Q1 2025. EBITDA for Q1 2026 was approximately US$512 thousand as compared to US$604 thousand for Q1 2025. Q1 2026 included initial partial-quarter contributions from the Gluten Free Nation and Dare to Be Different acquisitions, both of which closed in February 2026. The company continued expanding its North American commercial activities across retail, foodservice, and e-commerce channels. Management believes these initiatives establish important infrastructure for future growth.

Eshbal Announces Appointment of Nir Peles to Board of Directors, Achievement of Revenue Milestones and Ontario Continuance

Eshbal Functional Food Inc. (TSXV: ESBL) announced the appointment of Mr. Nir Peles to its Board of Directors and the achievement of certain performance milestones related to its reverse takeover transaction completed in April 2025. On April 28, 2026, the Board confirmed the achievement of two milestones: (i) Annualized Gross Revenues of at least CAD$17,000,000 with EBITDA of at least 3% of Gross Revenues, and (ii) Annualized Gross Revenues of at least CAD$18,500,000 with EBITDA of at least 3.8% of Gross Revenues. This triggered the issuance of 11,200,000 common shares to certain original shareholders of Eshbal Functional Food (Agricultural Cooperative) Ltd. and an additional 3,241,238 common shares in connection with the RTO. Effective April 14, 2026, the Company completed its continuance from British Columbia to Ontario, with new articles and by-laws approved at a special meeting of shareholders on April 10, 2026. Since listing on the TSX Venture Exchange in 2025, Eshbal has completed the acquisition of Gluten Free Nation, acquired a majority interest in Dare to Be Different Foods, and launched localized North American production in partnership with Queen Street Bakery. The company projects that management believes new product categories and technology and AI-assisted development initiatives may support future product innovation and expansion into additional better-for-you consumer segments.

Eshbal Functional Food Advances North American Omnichannel Strategy with Online Store Launch

Eshbal Functional Food Inc. (TSXV: ESBL) announced the official launch of its North American direct-to-consumer (DTC) and B2B online stores, expanding its accessibility, distribution, and consumer reach across the United States and Canada. The online rollout features products from several of the Company's brands, including Barili Foods, Gluten Free Nation (GFN), and Dare to Be Different Foods (D2BD), with approximately 20 SKUs currently available online. The launch supports Eshbal's broader multi-channel growth strategy across retail, foodservice, and online distribution throughout North America. The Company highlighted that the online expansion complements its growing North American commercial network, which includes relationships with major retailers, distributors, and foodservice operators. Eshbal also intends to evaluate additional online distribution opportunities through selected digital marketplace and third-party fulfillment channels. The launch follows recent milestones such as local North American production initiatives, strategic acquisitions, and continued expansion across distribution and foodservice channels. Eshbal maintains active digital engagement and investor communications through its corporate website and official social media channels.

Eshbal Reports 2025 Results with Revenue Growth and Margin Improvement

Eshbal Functional Food Inc. (TSXV: ESBL) reported its financial results for the year ended December 31, 2025, with revenues of US $13.8 million, up from $11.4 million in 2024, marking a 20% year-on-year increase. Gross profit rose to $3.5 million and gross margin improved to 25.4% from 22.7% the previous year. The company recorded an operating loss of $0.3 million and a net loss of $2.9 million, mainly due to one-time listing expenses related to a reverse takeover in April 2025. Eshbal completed the acquisition of Gluten Free Nation, acquired a majority interest in Dare to Be Different Foods, and launched localized North American production in partnership with Queen Street Bakery. The company continues to focus on expanding its gluten-free and health-oriented food brands across North America.