Eshbal Functional Food (ESBL) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 revenues of $5.38 million, up 43% year-over-year from Q1 2025.

• Completed acquisitions of Gluten Free Nation and Dare to Be Different, contributing to growth.

• Expanded North American commercial activities across retail, foodservice, and e-commerce channels.

• Launched localized North American production and strengthened commercial infrastructure.

Financial highlights

• Revenue rose to $5.38 million from $3.76 million in Q1 2025, a 43% increase year-over-year.

• Gross profit increased 41% to $1.55 million, with gross margin stable at -29%.

• Operating income was $254 thousand, down from $434 thousand in Q1 2025.

• EBITDA totaled $512 thousand, compared to $604 thousand in Q1 2025.

• Income before taxes was $149 thousand, down from $390 thousand in Q1 2025.

Outlook and guidance

• Management expects recent acquisitions and infrastructure investments to drive future growth.

• Forward-looking statements highlight expectations for continued expansion and operational efficiencies.