National Beverage Corp (0K50.L) Q1 2026 Earnings Report

Overview of key metrics and trend drivers:
- Revenue: $330.515 million; YoY +0.32%; QoQ +5.38% (driven by continued brand momentum and favorable seasonality relative to Q4 2025).
- Gross Profit: $125.463 million; YoY +2.48%; QoQ +10.83%; Gross margin 37.96% (reflecting favorable product mix and stable input costs).
- Operating Income: $70.776 million; YoY +1.81%; QoQ +23.09%; Operating margin 21.41%.
- Net Income: $55.760 million; YoY -1.80%; QoQ +24.57%; Net margin 16.87%.
- EPS: $0.60; YoY -1.64%; QoQ +25.00%.
- EBITDA: $70.776 million; EBITDA margin 21.41%.
- Cash flow: Net cash provided by operating activities $59.089 million; capex $3.095 million; free cash flow $55.994 million; free cash flow yield ~17% of revenue.
- Balance sheet and liquidity: Cash and cash equivalents $249.831 million; total debt $69.904 million; net debt negative $-179.927 million; current ratio ~3.24; quick ratio ~2.63; total assets $737.760 million; total stockholders’ equity $504.133 million.
- Capital allocation: No dividends paid in the period; no share repurchases disclosed. Net cash position affords optionality for strategic investments, buybacks, or M&A.