Natural Grocers by Vitamin Cottage, Inc.

Balance Sheet and Cash Flow As of June 30, 2025, the Company had $13.2 million in cash and cash equivalents, and no outstanding borrowings on its $72.5 million revolving credit facility.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

During the first nine months of fiscal 2025, the Company generated $39.7 million in cash from operations and invested $22.9 million in net capital expenditures, primarily for new and relocated/remodeled stores.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Dividend Announcement Today, the Company announced the declaration of a quarterly cash dividend of $0.12 per common share.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The dividend will be paid on September 17, 2025 to stockholders of record at the close of business on September 2, 2025.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

2 Outlook The Company is raising its fiscal 2025 outlook for daily average comparable store sales growth and diluted earnings per share, and updating its outlook for the number of new stores and relocations/remodels, and capital expenditures.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Additionally, EBITDA is a component of a measure in our financial covenants under our credit facility.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

We believe that our value offering of high-quality, natural and organic products at Always Affordable SM prices resonates with consumers increasing prioritization of health and wellness, including food and nutrition, said Kemper Isely, Co-President.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

We believe EBITDA and Adjusted EBITDA provide additional information about: (i) our operating performance, because they assist us in comparing the operating performance of our stores on a consistent basis, as they remove the impact of non-cash depreciation and amortization expense as well as items not directly resulting from our core operations, such as interest expense and income taxes and (ii) our performance and the effectiveness of our operational strategies.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

By providing these non-GAAP financial measures, together with a reconciliation from net income, we believe we are enhancing investors understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

All statements that are not statements of historical fact, including those that relate to matters such as our industry, business strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, future growth, pending legal proceedings and other financial and operating information, are forward-looking statements.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Company Overview We operate natural and organic grocery and dietary supplement stores that are focused on providing high-quality products at affordable prices, exceptional customer service, nutrition education and community outreach.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Except for the historical information contained herein, statements in this release are "forward-looking statements" and are based on management s current expectations and are subject to uncertainty and changes in circumstances.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Form 10-K and the Company's subsequent quarterly reports on Form 10-Q, copies of which may be obtained by contacting Investor Relations at 303-986-4600 or by visiting the Company's website at http://Investors.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 31 Item 1A.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026

All statements that are not statements of historical fact, including those that relate to matters such as our industry, business strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, future growth, pending legal proceedings and other financial and operating information, are forward-looking statements.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026

The forward-looking statements contained in this Form 10-Q are based on management s current expectations and are subject to uncertainty and changes in circumstances.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual results may vary in material respects from those projected in these forward-looking statements.

SEC original ↗Natural Grocers by Vitamin Cottage, Inc. — 10-Q Quarterly report10-QAug 6, 2026