Buda Juice (BUDA) investor relations material

Executive summary

• Achieved 17.7% year-over-year revenue growth in Q1 2026, driven by organic growth from existing customers and increased sales to the primary customer.

• Completed first full quarter as a public company, entering 2026 profitable, debt-free, and well-capitalized post-IPO, which raised $20M gross and $16.9M net after redemptions and costs.

• Net income declined 52% to $388K due to higher costs and increased SG&A from public company transition.

• Major expansion into 256 Walmart stores across nine states, increasing store count by over 75% and broadening geographic reach beyond Texas.

• Converted from LLC to C-corp on Jan 1, 2026, impacting tax treatment and financial reporting.

Financial highlights

• Revenue rose to $3.5 million from $3 million in Q1 2025, with gross profit up 3.5% to $1.4 million.

• Gross margin declined to 39.5% from 44.9% due to a temporary spike in lime costs.

• Operating income was $0.6 million, down from $0.8 million; net income was $0.4 million versus $0.8 million last year; non-GAAP net income was $0.6 million.

• Adjusted EBITDA was $850,000, slightly down year-over-year; free cash flow was $1.1 million, up 37% year-over-year.

• Ended the quarter with $19.8 million in cash and no debt, up from $1.8 million at year-end 2025.

Outlook and guidance

• No formal revenue guidance provided, but Walmart expansion expected to bring incremental revenue and profit.

• Lime costs have stabilized post-Q1, with gross margin expected to return above 40% in Q2.

• Management expects continued progress in expanding distribution and scaling operations, with no ongoing impact anticipated from recent supply chain disruptions.

• Plans to fund regional production facilities with IPO proceeds and operating cash flow.

• Expects to meet short-term and long-term obligations with current liquidity and may seek additional financing for expansion.