• Q3 FY26 net revenue increased by 10.0% to $25.5m
• Substantial growth in US store distribution, up 98%
• Strong liquidity position maintained at $21.9m

Bubs Australia Limited (ASX: BUB) reported its unaudited financial results for the quarter ending 31 March 2026 (Q3 FY26). The company experienced strong underlying demand for its products across key markets, delivering a group net revenue of $25.5 million for the quarter, up 10% on the prior corresponding period. The company expanded its ranging in the United States within existing customers as well as new customer wins, with total store distribution increasing by approximately 98% since 2025 and projected to grow a further 23% by Q1FY27. Bubs continued to invest in its strategic pillar of connecting farm to formula by increasing supply chain capabilities to meet growing demand in key markets. The quarter was impacted by challenges in the global operating environment, including disrupted international supply chains, higher logistics costs, and regulatory changes. Bubs maintained a strong liquidity position of $21.9 million, comprising $5.9 million in cash and $16.0 million of undrawn debt facilities.

Bubs expects continued robust demand for its products despite the challenging external environment. The company plans to provide further guidance on operating conditions in the coming month.

Bubs' focus remains on disciplined execution, strengthening operational resilience, and maintaining balance sheet flexibility as it works through the current period.