Mr. Billy Hogan reports

NEPRA FOODS INC. ANNOUNCES FILING OF ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED MARCH 31, 2026

Nepra Foods Inc. has filed its audited annual financial statements, management's discussion and analysis (MD&A), and related CEO (chief executive officer) and CFO (chief financial officer) certifications (collectively, the annual filings) for the fiscal year ended March 31, 2026. The annual filings have been filed on SEDAR+ and posted on the Canadian Securities Exchange (CSE) and OTCQB websites.

Key financial highlights for fiscal year 2026

(All figures in Canadian dollars unless otherwise stated.)

• Revenue growth: Total revenue increased 33 per cent to $8,311,972 compared with $6,253,768 in fiscal 2025, driven by higher sales volumes of specialty starches, proteins and blended ingredients to commercial bakery and food manufacturing customers.
• Significant gross profit expansion: Gross profit rose to $2,772,019, representing a gross margin of 33.3 per cent, up significantly from $1,317,959 (21.1-per-cent margin) in the prior year, reflecting improved product mix, operating efficiencies and scale.
• Improved operating results: Net loss before other items narrowed substantially to $206,102 from $2,304,861 in fiscal 2025. Overall net loss improved to $1,223,150 from $2,335,340 in the prior year.
• Fourth quarter performance: Q4 2026 delivered continued momentum with solid revenue contribution and a gross margin of approximately 39 per cent.

"Fiscal 2026 marked meaningful progress in strengthening Nepra's operating foundation," said Billy Hogan, chief executive officer of Nepra Foods. "The improvements reflected in our financial results, together with the strategic initiatives we've recently announced, position the company to enter fiscal 2027 with a stronger platform for continued execution and long-term growth."

The annual filings are available for review on the company's profile at SEDAR+ and on the company's website.

About Nepra Foods Inc.

Nepra Foods is a vertically integrated food and beverage company focused on specialty ingredients, functional nutrition and scalable wellness infrastructure. Through a portfolio of proprietary products, manufacturing capabilities and strategic partnerships, the company develops and supports consumer brands across multiple health and wellness categories. Nepra is pursuing a vertical integration strategy designed to expand operational capabilities, diversify revenue streams and support long-term growth.

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