Vita Coco Company, Inc.

Please refer to Part I, Item 1A. "Risk Factors" of our Form 10-K for the fiscal year ended December 31, 2025 for a description of certain significant risks and uncertainties to which our business, financial condition and results of operations are subject. We provide below the material changes to our risk factors described in our Annual Report as of March 31, 2026. If any of these risks or others not specified materialize, our business, financial condition and results of operations could be materially and adversely affected:

The ongoing military conflict involving Iran may adversely affect our business, supply chain, financial condition, and results of operations.

U.S. and Israeli military operations against Iran, which commenced in February 2026, have caused significant disruption to global energy markets and supply chains, contributing to increased oil prices, inflationary pressures, and heightened market volatility. The disruption to energy shipments through the Strait of Hormuz has increased fuel and energy costs and created uncertainty in fuel availability for our suppliers and their manufacturing operations. These conditions could increase our cost of operations, creating inflationary pressures on our cost of goods and could constrain the production of finished goods we source from those facilities. The imposition of additional sanctions, cyberattacks, further escalation or additional military action, or other governmental or market responses could have an adverse effect on the global supply chain, energy markets, commodity prices, currency exchange rates, financial markets and overall macroeconomic environment in which we operate, and could result in material increases in our costs, delays in product delivery and reduced customer demand. The duration and scope of the conflict remain uncertain, and our business and financial condition, results of operations and cash flows may be materially adversely affected.