Barfresh Food Group (BRFH) Investor presentation summary

Company overview and financial highlights

• Leader in ready-to-blend and ready-to-drink frozen beverages, focusing on high-volume operations and foodservice growth.

• FY'25 revenue reached $14.2M, up 33% year-over-year, with gross margins above 22%.

• FY'25 adjusted EBITDA was ($2.1M), reflecting ongoing investments and scaling.

Strategic acquisition and integration

• Acquired Arps Dairy, an 80+ year-old Midwest creamery with $15M revenue and breakeven EBITDA, including a new 44,000 sq ft facility.

• Acquisition provides immediate scale, production security, and robust synergies to enhance profitability.

• Identified synergies include internalizing production, reducing freight and cold storage costs, and improving ingredient procurement.

• Acquisition cost was below fair value of assets; plan to maintain low-margin dairy business while expanding higher-margin offerings.

Growth opportunities and customer expansion

• Interest from multiple large customers for production at the new facility, with incremental improvements planned to accommodate demand.

• New customers expected to enhance financial profile and growth trajectory from 2027 onward.