Above Food Ingredients Inc. (NASDAQ:ABVE) ("Above Food" or the "Company") today provided an update on the audit of its consolidated financial statements for the fiscal year ended January 31, 2025 ("Fiscal 2025") and the Company's related annual report on Form 20-F (the "Form 20-F").

The Company confirms that the audit process has been substantively completed and that the Form 20-F has been prepared and is ready to be filed with the U.S. Securities and Exchange Commission ("SEC"), subject only to certain required third-party confirmations and final review procedures. Although the Company had expected to receive these confirmations by now, their substance has already been communicated and what remains is for the professionals involved to finalize the form of those confirmations, which is expected to be resolved swiftly.