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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.
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Q3 2025 earnings summary19 Nov, 2025

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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Frequently asked questions

Splash Beverage Group, Inc. is a producer, marketer, and distributor of alcoholic and non-alcoholic beverages. The company's portfolio includes proprietary brands and products in categories such as energy drinks, flavored tequilas, and ready-to-drink cocktails. Splash Beverage Group leverages a direct-to-consumer and wholesale distribution model to expand its reach across retail, hospitality, and e-commerce channels. The company is headquartered in Fort Lauderdale, Florida, and its shares are listed on the NYSE.

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