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Splash Beverage Group (SBEV) investor relations material
Splash Beverage Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operations were suspended in February 2025 due to lack of capital, with no revenue generated since March 2025; plans to resume operations depend on raising at least $2 million in working capital.
In June 2025, acquired water extraction rights in Costa Rica for $20 million in Series C Preferred Stock, aiming to launch a bottled water business pending $4 million in additional funding.
Significant management changes occurred in Q4 2025, including the resignation of the CEO and CFO.
Financial highlights
Net revenue for the three months ended September 30, 2025, was $0, down from $1.0 million in the prior year quarter; nine-month revenue was $0.4 million, down from $3.6 million year-over-year.
Net loss for the quarter was $9.9 million, compared to $4.7 million in the prior year; nine-month net loss was $22.0 million, up from $14.7 million year-over-year.
Operating expenses for the quarter rose to $9.6 million from $3.0 million, mainly due to non-cash share-based compensation and a $5.6 million non-cash loss on extinguishment of debt.
Cash and cash equivalents were $265,667 as of September 30, 2025, up from $15,346 at December 31, 2024.
Outlook and guidance
Plans to restart operations focus on the Chispo tequila brand, the new water business, and relaunching the Qplash e-commerce platform, contingent on raising substantial capital.
Management estimates $6 million is needed for short-term goals and $22 million for 12-month objectives, including building a bottling facility in Costa Rica.
There is substantial doubt about the ability to continue as a going concern without additional financing.
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