BTBD

EX-99.1

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PRESS RELEASE

btbd_ex991.htm

EXHIBIT 99.1

BT Brands Reports 2025 Results, Delivers 138% EBITDA Growth and Advances

Transformational Aero Velocity Merger

Company Executes Operating Turnaround While Positioning for Growth with Aerospace and AI Platform Transition

CONTACT FOR FURTHER INFORMATION:

Kenneth Brimmer 612-229-8811

MINNETONKA, Minn.--(BUSINESS WIRE)--March 30, 2026 — BT Brands, Inc. (Nasdaq: BTBD and BTBDW) (“BT Brands” or the “Company”) today reported financial results for the 52 weeks ended December 28, 2025, highlighting an operating turnaround and continued progress toward its proposed transformational merger with Aero Velocity, Inc.

2025 Highlights and recent developments include:

· Restaurant-level EBITDA increased 138% to $1.7 million from $723,828 in 2024.

· Operating loss improved approximately 80% to $(364,585) from $(1.8) million in 2024.

· Net loss improved to $(687,839), or $(0.11) per share, compared to $(2.3) million, or $(0.37) per share, in 2024.

· The Company ended the year with approximately $4.4 million in cash and marketable securities.

· The Company recorded a $216,248 charge to reduce NGI bottled water inventory to estimated net realizable value.

· BT Brands continues to advance its proposed merger with Aero Velocity, Inc.

During 2025, the Company improved performance through the closure of underperforming locations, tighter labor and food cost controls, and continued focus on operating efficiency with notable success at Burger Time and Pie In The Sky. These actions resulted in overall improved restaurant-level margins and a substantially lower operating loss despite lower revenue.

Transformational Upside: Aero Velocity Merger

BT Brands continues to advance its previously announced definitive merger agreement with Aero Velocity, Inc., which is expected to reposition the Company into a high-growth technology and infrastructure platform focused on AI-driven analytics and drone-based inspection services. Following the closing, all restaurant assets and related liabilities will be distributed to BT Brands' pre-merger shareholders. The post-merger company is expected to operate as Aero Velocity Inc. and remain listed on Nasdaq, subject to stockholder approvals, regulatory approval, and customary closing conditions.

Gary Copperud, the Company’s Chief Executive Officer, said:

“The year marked a turning point for BT Brands. We significantly improved our operating performance through disciplined execution and cost control. At the same time, we are advancing toward completing our proposed merger with Aero Velocity, an emerging leader in the fast-growing drone and services market.”

Kenneth Brimmer, Chief Financial Officer, added:

“Our focus on improving profitability, strengthening our balance sheet, and taking a disciplined approach to capital allocation drove meaningful improvement in 2025. With the Aero Velocity opportunity ahead, we believe the Company is well positioned for its next phase of growth.”

Outlook

BT Brands enters 2026 with an improved operating base, positive EBITDA, and a transformational strategic opportunity. Management remains focused on improving restaurant profitability and cash flow, advancing the Aero Velocity transaction, and enhancing shareholder value. The Company is not providing formal financial guidance at this time.

Financial Results Follow:

1

BT BRANDS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(52 Weeks Ended)

52 Weeks

Ended,

52 Weeks

Ended,

December 28,

2025

December 29,

2024

SALES

$ 13,486,629

$ 14,823,472

COSTS AND EXPENSES

Food and paper costs

4,494,449

5,605,579

Labor costs

5,111,097

6,128,574

Occupancy costs

1,282,049

1,403,204

Other operating expenses

878,125

962,287

Depreciation and amortization

648,704

742,860

Impairment of restaurant and right-of-use assets

215,000

371,872

General and administrative

1,464,021

1,691,404

Gain on sale of assets

(242,231 )

(250,000 )

Total costs and expenses

13,851,214

16,655,780

Loss from operations

(364,585 )

(1,832,308 )

Unrealized gain (loss) on marketable securities

128,822

(93,458 )

Realized gain on marketable securities

380,764

143,340

Interest and dividend income

148,666

178,279

Interest expense

(81,621 )

(99,608 )

Related party impairments and other charges

(520,718 )

-

Other income

(74,728 )

13,930

Equity in loss of unconsolidated affiliate

(304,439 )

(415,085 )

Income tax expense

-

206,000

Net loss

$ (687,839 )

$ (2,311,208 )

Net loss per common share - Basic and Diluted

$ (0.11 )

$ (0.37 )

Weighted average shares used in computing per common share amounts

6,154,724

6,194,842

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BT BRANDS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

ASSETS

December 28,

2025

December 29,

2024

Cash and cash equivalents

$ 846,167

$ 1,951,415

Marketable securities

3,596,133

2,319,555

Receivables

54,506

69,459

Inventory

230,443

272,603

Invento