Slide 1: Q2 2025 Financial Results
02 2025 FINANCIAL RESULTS
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation and the related earnings press release contain “forwand-looking statements” within the meaning of the safe hanbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Fonwandtooking statements include, without limitation, any statement
Slide 3: Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC
Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC 3
Slide 4: Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC
• • • • • Source: 1Numerator Shopper Metrics Report for 12M ending 06/30/2025 which incorporates expanded scope of BFY Soda Brands in 2Q25 Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC 4
Slide 5: Adjusted EBITDA is a non-GAAP financial measure
1 Adjusted EBITDA is a non-GAAP financial measure. See Slides 2 and 15 for a discussion of this measure and a reconciliation to the most directly comparable GAAP measure. 5
Slide 6: Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC
Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC 6
Slide 7: Strawberry Lemon Burst
* Bit //* ees - Us ee ‘Z Ss Y on i ah SS o) : J -- a i i> ig te 3 ide Lia aeervege 3 J Ss . STRAWBERRY LEMON BURST Full funnel campaign to support new item launches
Slide 8: Product Innovation: Robust Pipeline
PRODUCT INNOVATION: ROBUST PIPELINE ‘Zewaz New Product Introductions Across Flavors and Packaging Drive Incremental Distribution and Accelerated Velocity NEW VARIETY PACKS ORANGE CREAMSICLE STRAWBERRY LEMON BURST a 2evia 28, le > an TERO SUGARS = Rolling out variety pack across Exclusively at Sprout
Slide 9: Source: Numerator Shopper Metrics Report for 12M ending 06/30/2025
Source: Numerator Shopper Metrics Report for 12M ending 06/30/2025 . 9
Slide 10: Adjusted EBITDA is a non-GAAP financial measure
• • • • 1 Adjusted EBITDA is a non-GAAP financial measure. See Slides 2 and 15 for a discussion of this measure and a reconciliation to the most directly comparable GAAP measure. 10
Slide 11: Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC
Confidential & Proprietary – Do not distribute. © 2024 Zevia PBC 11
Slide 12: Adjusted EBITDA is a non-GAAP financial measure
• • • • • • • • • 1 Adjusted EBITDA is a non-GAAP financial measure. See Slides 2 and 15 for a discussion of this measure and a reconciliation to the most directly comparable GAAP measure. 12
Slide 13: Adjusted EBITDA is a non-GAAP financial measure
1 Adjusted EBITDA is a non-GAAP financial measure. See Slides 2 and 15 for a discussion of this measure and a reconciliation to the most directly comparable GAAP measure. 2 Q2 2023 and Q2 2024 represent a net loss. 13
Slide 14: Adjusted EBITDA is a non-GAAP financial measure
1 Adjusted EBITDA is a non-GAAP financial measure. See Slides 2 and 15 for a discussion of this measure and a reconciliation to the most directly comparable GAAP measure. 2 2023, 2024 and 2025 represent a net loss. 14
Slide 15: Includes interest (income) expense and foreign currency (gains) losses
² 1 Includes interest (income) expense and foreign currency (gains) losses. 2 Represents a non-GAAP financial measure. See Slide 2 for a discussion of this measure. Summations may not foot due to rounding. 15
Slide 16: 2025 Progress on the Mission
02 2025 PROGRESS OM THE MISSION SUGAR REDUCTION Eliminated 3.3K metric tons of sugar from our consumers’ diets in the Q PLASTIC REDUCTION Kept 50 million plastic bottles from littering roadways, waterways and communities in the 0 AFFORDABILITY INDEX Zevia remains more affordable than 65% of all non-