BT Brands Advances Aero Velocity Merger Plan

BT Brands, Inc. reported 2025 results for the 52 weeks ended December 28, 2025, highlighting an operating turnaround while continuing to advance its proposed transformational merger with Aero Velocity, Inc. Restaurant-level EBITDA rose 138% to $1.7 million from $723,828 in 2024, and the operating loss improved by about 80% to $(364,585) from $(1.8) million in 2024.

The company ended the year with approximately $4.4 million in cash and marketable securities and recorded a $216,248 charge to reduce NGI bottled water inventory to estimated net realizable value. After the merger closes, all restaurant assets and related liabilities will be distributed to BT Brands’ pre-merger shareholders, and the post-merger company is expected to operate as Aero Velocity Inc. on Nasdaq, subject to approvals and closing conditions.