• Q4 FY26 production expected to reach ~1.4 million beverage units
• ~28% quarter-on-quarter growth in beverage production from Q2 to Q3 FY26
• OTIF delivery performance improved from 53% to 99.75% in Feb 2026

Peak Processing Limited (ASX: PKP) has provided an operational update, highlighting strong momentum in its beverage production volumes, supported by confirmed customer demand and improved operational performance. The company's Q4 FY26 production is expected to reach ~1.4 million beverage units, a 28% quarter-on-quarter growth from 702,289 units in Q2 FY26 to an estimated 900,000 units in Q3 FY26. This growth is underpinned by recently executed agreements, including a 250% expansion of the manufacturing agreement with St. Peter's Beverages and an expanded agreement with Electric Brands. The company's operational execution has also improved significantly, with OTIF (On-Time-In-Full) delivery performance increasing from 53% in June 2025 to 99.75% in February 2026. This has translated into stronger brand partner and retailer engagement, leading to 19 new beverage listings secured with the Ontario Cannabis Store (OCS) across the two most recent product calls. Peak has also launched two new innovative beverage brands, Reggae Royalty and Juana Sip, on its manufacturing platform. In addition to beverages, the company continues to support contract manufacturing across several regulated cannabis categories, including concentrates, vape products, and topicals, further diversifying its revenue base.

Q4 FY26 beverage production expected to reach ~1.4 million units, a 28% increase from Q3 FY26.