(via TheNewswire)

May 28, 2026 – TheNewswire -  Brownie’s Marine Group, Inc. (OTCID: BWMG), a marine technology innovator focused on tankless diving systems, mini scuba tanks, high-pressure scuba compressors, underwater scooters, and electric watersports technologies, today announced its financial results for the first quarter ended March 31, 2026.

First Quarter Financial Highlights

• Revenues for the three months ended March 31, 2026, were $2.1 million, an increase of 38% compared to $1.5 million in the same period of 2025. 

• Gross profit was $982 thousand, compared to $504 thousand in the same period in 2025. 

• Net profit was $493 thousand, as compared to a net loss of $54 thousand in the same period of 2025. 

Robert Carmichael, CEO of Brownie's Marine Group, stated: “The first quarter of 2026 marks a significant improvement in our financial and operating results as part of our business plan to increase revenues, generate positive cash flow, and attain profitability simultaneously. Our results reinforce that we are delivering growth through industry-leading innovation and our rapidly expanding businesses and product lines. We believe we are well positioned to deliver growth through new and expanding customer relationships."

“Our success during the first quarter was a result of our strategy and planning which we began back in 2025 that included moving into a new and larger facility in Davie, Florida. The expansion of the Brownie’s Sea LiON battery-powered tankless dive system with the new lower-priced Sea LiON Sport model contributed to the quarter. At BLU3, the new Nomad 3X Battery showed strong sales in its first full quarter available on the market as an upgrade option for new and existing Nomad owners. We also recently announced the addition of Awake electric surfboards into our expanding electric watersports portfolio, which is still in its early stages, but has shown itself to be very promising as we focus on building our sales channels on a more global basis,” concluded Mr. Carmichael.

Figure 1. Sea LiON Battery-Powered Tankless Dive System

Brownie’s Sea LiON battery-powered tankless dive system with floating surface unit and diver safety flag for portableunderwater diving applications.

About Brownie's Marine Group

Brownie’s Marine Group is a marine technology company headquartered in Davie, Florida, focused on innovative products that expand access to underwater and surface-water environments. Through brands including Brownie’s Third Lung®, BLU3®, LW Americas, Submersible Systems Inc. (Spare Air®), and SeaNXT Americas, the company develops and distributes battery-powered tankless diving systems, portable emergency mini scuba tanks for scuba and helicopter safety applications, high-pressure scuba tank compressors, underwater scooters, surface supplied air systems, and marine mobility technologies. Learn more at browniesmarinegroup.com

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 (as amended) and section 21e of the Securities and Exchange Act of 1934 (as amended). Those statements include the intent, belief or current expectations of the Company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.

Investor Contact Andrew Barwicki andrew@barwicki.com 516-662-9461

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