AMCON Distributing Company Reports Results for the Quarter Ended June 30, 2025

AMCON Distributing Company ("AMCON" or "the Company") (NYSE:DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $2.13 on net income available to common shareholders of $1.3 million for its third fiscal quarter ended June 30, 2025.

"Our management team is integrating our recent acquisitions and new facilities to facilitate AMCON's industry leading suite of programs and services across our customer base. The system integration work we are implementing across our organization, which has now become the third largest Convenience Distributor in the United States measured by territory covered, provides the foundational support for our operating philosophy centered on a superior level of customer service. Our customer-centric approach is particularly helpful in challenging weather conditions as we ensure that AMCON's retail partners receive a consistent and timely flow of goods and services. As we grow, our customer base has demonstrated enthusiasm with respect to our integrated state-of-the-art advertising, design, print and electronic display programs. These marketing tools provide our customers a competitive edge," said Christopher H. Atayan, AMCON's Chairman and Chief Executive Officer. He further noted, "We continue to actively seek strategic acquisition opportunities for Convenience and Foodservice Distributors, and their families, who want to align with our customer focused approach philosophy and further the legacy of their enterprises."

"The convenience retailing sector which we serve continues to experience a challenging operating environment with consumer behavior and discretionary spending lagging. Cost structures for Convenience Distributors have been impacted by the cumulative impact of inflation over a multi-year period. These inflationary pressures have resulted in higher operating expenses in areas such as product costs, labor and employee benefits, equipment, and insurance, and in additional consolidation across our entire industry," said Andrew C. Plummer, AMCON's President and Chief Operating Officer. Mr. Plummer continued, "Foodservice continues to be a strategic focus. AMCON's commitment to proprietary foodservice programs and associated store level merchandising is a value-added approach to convenience distribution. We now have the capability to offer turn-key solutions that will enable our retail partners the ability to compete head-on with the Quick Service Restaurant industry."

For the fiscal quarter ended June 2025, the wholesale distribution segment reported revenues of $728.3 million and operating income of $7.3 million and the retail health food segment reported revenues of $11.3 million and operating income of $0.1 million.

"We continue our relentless daily focus on managing the Company's balance sheet and maximizing our liquidity position. At June 30, 2025, our shareholders' equity was $113.2 million," said Charles J. Schmaderer, AMCON's Chief Financial Officer. Mr. Schmaderer also added, "We are actively in the process of evaluating operational synergies that may be realizable from our recent acquisition activity."

AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products serving thirty-four (34) states from fourteen (14) distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) health and natural product retail stores in the Midwest and Florida.

This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company's Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.

Visit AMCON Distributing Company's web site at: www.amcon.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250718163099/en/

Charles J. Schmaderer

AMCON Distributing Company

Ph 402-331-3727