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The Micro-Cap Tackling the Multi-Billion Dollar Fried Food Industry (TSX: BOIL) (OTCQB: BEOLF)

Beyond Oil is selling a patented technology that helps commercial kitchens keep frying oil cleaner and usable longer – already proven with paying customers abroad, and now beginning to gain traction in the vast U.S. foodservice market where successful execution could ‘materially change the company’s revenue scale’ according to management | Distributed on Behalf of Beyond Oil Ltd.

America fries. That is not a slogan. It is the country’s default meal. The National Restaurant Association puts the 2026 restaurant industry at $1.55 trillion. Mordor Intelligence puts U.S. foodservice at $1.01 trillion this year, heading toward $1.67 trillion by 2031, and U.S. quick-service restaurants alone at about $492 billion. Grocery stores now run their own fryers. FMI’s 2025 retail-foodservice tally is $52.1 billion, and McKinsey says Americans are buying prepared foods 9 percent more often. The oil under all of that is the hidden system. When it breaks down, the food goes with it, and so does the money spent replacing it.

Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) sells a patented powder that drops into the filtration a kitchen already has. Cleaner oil. Food that holds. The oil lasts longer, which is how a health product also becomes a cost product. The U.S. Food and Drug Administration and Health Canada have already cleared it. The Company has said its patents run through 2035. It is a Canadian-listed micro-cap. Last year it did $4.51 million, a public stock sitting under a habit America already has, at a scale the P&L has not touched yet.

The product is already commercially deployed and generating revenue, with established use outside the United States. Beyond Oil currently sells across multiple countries through a mix of distributors, partners, and direct-to-customer relationships. In the past few years, we’ve seen the company’s revenue scale quickly and dramatically – full-year revenue was $0.29 million in 2023, $0.62 million in 2024, and $4.51 million in 2025, a 627 percent jump on the company’s own filing. First-half 2026 was already $2.651 million.

America’s fryers, at a different scale

The United States is the same job the company is already doing abroad, only at a larger scale: more fryers, and chains that decide for hundreds of stores at once. And the country recently put a spotlight on oil. The U.S. Secretary of Health’s ‘Make America Healthy Again’ (MAHA) initiative put frying-oil composition on the table in Washington. Steak ‘n Shake’s tallow switch and Utz’s beef-tallow chips became national stories. Beyond Oil does not ask a kitchen to change what they fry, and it does not ask diners and buyers to change their diet. It makes whatever is in the vat cleaner, and it makes that oil last.

Outside the U.S., a lot of the company’s revenue has historically come through distributors. In the U.S., the company is building a direct-sales organization, with a North America subsidiary (Beyond Oil USA), its own people, and real infrastructure. That takes time, but also, according to the company, is positioned at enabling them to keep the customer and the margin instead of renting both. In other words, Beyond Oil spent 2025 on rented distribution, they reached significant milestones, but now, they are building their long term growth opportunities that both take more time, but also have a much larger potential payoff.

In the second-quarter release, CEO Jonathan Or said Beyond Oil is making “deliberate investments” in U.S. direct-sales infrastructure “required to support substantially larger enterprise customers,” even as those cycles run longer than a distributor sale. Management also said converting those tier-one U.S. accounts into broad, recurring adoption “could materially change the Company’s revenue scale.” International channels kept growing even as the U.S. build started.

The U.S. file is already showing some initial momentum. While the Company has not been able to disclose specific names (which is common when working with large enterprises), what is on the record is that they have launched and expanded a commercial rollout with a top-tier supermarket brand now in a second ownership group, a U.S. fast-food chain in initial commercial sales after a 2025 pilot, a premium casual chain approved the company as a vendor, and Sysco Los Angeles is stocking the product. That seems like the start of a similar pattern to the one seen outside of the U.S., but now inside the market they are paying to own.

The people added to the story bet are also worth noting. The advisory board now includes Daniel Birnbaum, who ran SodaStream through its multibillion dollar sale to PepsiCo, Giora Bardea, the former CEO of Strauss Group, and Dganit Kramer. Clal Insurance, one of Israel’s largest institutions, led a 2025 placement at a 10 percent premium to the then-market price. The offering closed at gross proceeds of approximately C$10.6 million.

A separate industrial pilot, just reported today, showed the same powder working in a factory fryer. The North American frozen French-fries market alone was about $6.8 billion in 2022. Or said the near-term focus remains the U.S. foodservice build.

What they still have to deliver

In the recent second quarter 2026 financial results reported, cash was $4.535 million, against a quarter that still lost $2.088 million. Gross margin was 42.2 percent, down as they hired. Selling and marketing rose 63 percent. The next few months are about whether the book follows the spend.

The Bottom Line: The patented powder already works in named kitchens, and it already shows up as revenue. America is the same job at a scale that could reset the company if they are able to successfully convert. The culture is finally arguing about the oil. They are paying to go direct into that moment. That is slower. It is also why this stretch is the one that matters.


Recent News Highlights from Beyond Oil (TSX: BOIL)

Beyond Oil Successfully Completes Industrial-Scale Validation of Patented Chemistry, Demonstrating Substantial Reductions in Harmful Frying-Oil Degradation Compounds

Beyond Oil Reports Second Quarter 2026 Financial Results and Provides Business Update

Beyond Oil Expands Commercial Rollout to a Second Ownership Group of Top-Tier U.S. Supermarket Brand

Beyond Oil Commences Sales With Iconic American Fast-Food Chain

West Coast Reduction Expands Canadian Rollout of Beyond Oil with Major US$405K Product Order

Sodexo Israel is Rolling out Beyond Oil’s Patented Solution at its Premier Catering Sites


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