AVALON HOLDINGS CORP

Avalon Holdings Corporation and its subsidiaries have entered into a Change in Terms Agreement with Wesbanco Bank, Inc. (formerly Premier Bank) to amend their existing Line of Credit Agreement. The amendment extends the maturity date of the credit line from July 31, 2027, to July 31, 2028. As of July 28, 2026, the company had $3,200,000 drawn under this facility.

Avalon Holdings Corporation reported a significant improvement in its financial performance for the second quarter and first half of 2026. For Q2 2026, net income attributable to common shareholders surged to $884K, or $0.23 per share, compared to $274K, or $0.07 per share, in Q2 2025, on increased net operating revenues of $20.9 million. For the six months ended June 30, 2026, the company reduced its net loss attributable to common shareholders to $351K, or $0.09 per share, from a loss of $1.2 million, or $0.31 per share, in the prior year, with total net operating revenues rising to $38.6 million.

Avalon Holdings reported a net loss attributable to common shareholders of $(1.24) million for Q1 2026, an improvement from $(1.50) million in Q1 2025. Total net operating revenues increased by 9.9% to $17.66 million, primarily driven by an 18.9% rise in waste management services revenue. However, the golf and related operations segment experienced a 3.8% decline in revenue.