Local Bounti expects to achieve positive Adjusted EBITDA in FY26

The Company expects modest sequential sales growth in Q3, followed by an acceleration in the Q4. This acceleration is expected to be supported by a convergence of activity, including the full-quarter contribution from the Texas facility transition, the additional capacity from the Georgia facility yield improvement, new product introductions and expansions with existing customers. The Company expects sequential improvements in its adjusted EBITDA loss rate in both the third and fourth quarters, driven by sales growth, cost reduction initiatives, and the ramp from its Washington and Texas facilities. Based on enhanced visibility into customer timelines and commercial ramp schedules, the Company now expects to achieve positive adjusted EBITDA in early 2026, as it scales alongside retail deployment schedules to ensure sustainable, profitable growth.