Eshbal Functional Food (ESBL) Corporate presentation summary

Business overview and product innovation

• Specializes in vegan, low-carb, protein-rich, gluten-free foods and supplements for health-conscious consumers.

• Operates a 60,000 sq.ft. facility in Israel with 70+ employees and proprietary in-house R&D.

• Product range includes gluten-free breads, pita, flours, superfoods, enriched snack bars, and supplements.

• Over 20 years of expertise in gluten-free and 'Better For You' product development.

Market opportunity and expansion strategy

• North American gluten-free market valued at $2.98B in 2024, growing 9-11% annually.

• Canada serves as a strategic base for North American expansion, leveraging local ingredient ecosystem and favorable economics.

• Expansion includes organic growth, M&A (acquisitions of Gluten Free Nation and Dare To Be Different Foods), and local operations.

• Retail and foodservice presence expanding, with production and sales initiated in Q1 2026.

Financial performance and growth outlook

• Generated $13.8M in revenue in 2025, with Q1 2026 marking a record $5.4M quarter.

• Forecasted revenue growth to $20M in 2026 and $40M by 2028, with gross margins projected to remain above 20%.

• Four operational production sites and two completed acquisitions support scaling.