Nepra Foods Discloses Fiscal Q2 2025 Financial Performance
Nepra Foods reported strong Q2 2025 financial results, marking its first profitable quarter in seven periods. Revenue increased to CAD$1,206,000, up CAD$320,000 from Q2 2023, with an 18.5% improvement in gross profit. The company achieved net income of CAD$81,000, compared to a CAD$860,422 loss in Q1 2025.
Key financial improvements include a reduction in working capital deficiency to CAD$1,382,500 and a decreased consolidated net loss of CAD$779,153 for the six-month period. The company converted a CAD$1,335,111 short-term loan into shares, renegotiated equipment lease terms, and secured additional financing of CAD$495,854 from CEO William Hogan.
Nepra Foods ha riportato risultati finanziari forti per il secondo trimestre del 2025, segnando il suo primo trimestre profittevole dopo sette periodi. I ricavi sono aumentati a CAD$1.206.000, con un incremento di CAD$320.000 rispetto al secondo trimestre del 2023, con un miglioramento del 18,5% nell'utile lordo. L'azienda ha raggiunto un reddito netto di CAD$81.000, rispetto a una perdita di CAD$860.422 nel primo trimestre del 2025.
I principali miglioramenti finanziari includono una riduzione della carenza di capitale circolante a CAD$1.382.500 e una diminuzione della perdita netta consolidata a CAD$779.153 per il periodo di sei mesi. L'azienda ha convertito un prestito a breve termine di CAD$1.335.111 in azioni, ha rinegoziato i termini del leasing dell'attrezzatura e ha ottenuto ulteriore finanziamento di CAD$495.854 dal CEO William Hogan.
Nepra Foods reportó resultados financieros sólidos para el segundo trimestre de 2025, marcando su primer trimestre rentable en siete periodos. Los ingresos aumentaron a CAD$1,206,000, un incremento de CAD$320,000 en comparación con el segundo trimestre de 2023, con una mejora del 18.5% en la ganancia bruta. La compañía logró un ingreso neto de CAD$81,000, en comparación con una pérdida de CAD$860,422 en el primer trimestre de 2025.
Las mejoras financieras clave incluyen una reducción en el déficit de capital de trabajo a CAD$1,382,500 y una disminución de la pérdida neta consolidada de CAD$779,153 para el período de seis meses. La empresa convirtió un préstamo a corto plazo de CAD$1,335,111 en acciones, renegoció los términos de arrendamiento de equipos y aseguró financiamiento adicional de CAD$495,854 del CEO William Hogan.
네프라 푸드(Nepra Foods)는 2025년 2분기 재무 결과가 강력하다고 보고하며, 7개 분기 만에 첫 번째로 이익을 보낸 분기를 기록했습니다. 매출은 CAD$1,206,000로 증가하여, 2023년 2분기에 비해 CAD$320,000 증가했으며, 총 이익은 18.5% 향상되었습니다. 회사는 CAD$81,000의 순이익을 달성하였으며, 2025년 1분기에는 CAD$860,422의 손실을 기록했습니다.
주요 재무 개선 사항에는 운영 자본 부족이 CAD$1,382,500로 감소한 것과, 6개월 기간 동안의 합산 순 손실이 CAD$779,153로 감소한 것이 포함됩니다. 회사는 CAD$1,335,111의 단기 대출을 주식으로 전환하고, 장비 임대 조건을 재협상했으며, CEO인 윌리엄 호건(William Hogan)으로부터 CAD$495,854의 추가 자금을 확보했습니다.
Nepra Foods a annoncé de solides résultats financiers pour le deuxième trimestre 2025, marquant son premier trimestre bénéficiaire après sept périodes. Les revenus ont augmenté pour atteindre CAD$1,206,000, soit une hausse de CAD$320,000 par rapport au deuxième trimestre 2023, avec une amélioration de 18,5 % du bénéfice brut. L'entreprise a réalisé un bénéfice net de CAD$81,000, contre une perte de CAD$860,422 au premier trimestre 2025.
Les principales améliorations financières comprennent une réduction du déficit de fonds de roulement à CAD$1,382,500 et une diminution de la perte nette consolidée à CAD$779,153 pour la période de six mois. L'entreprise a converti un prêt à court terme de CAD$1,335,111 en actions, a renégocié les conditions de location de matériel et a sécurisé un financement supplémentaire de CAD$495,854 de la part du PDG William Hogan.
Nepra Foods hat starke Finanzresultate für das zweite Quartal 2025 gemeldet, was das erste profitable Quartal nach sieben Perioden markiert. Der Umsatz stieg auf CAD$1.206.000, ein Plus von CAD$320.000 gegenüber dem zweiten Quartal 2023, mit einer Verbesserung von 18,5% beim Bruttogewinn. Das Unternehmen erzielte einen Nettogewinn von CAD$81.000, verglichen mit einem Verlust von CAD$860.422 im ersten Quartal 2025.
Wichtige finanzielle Verbesserungen umfassen eine Reduzierung des Working-Capital-Defizits auf CAD$1.382.500 und einen gesunkenen konsolidierten Nettoverlust von CAD$779.153 für den Zeitraum von sechs Monaten. Das Unternehmen wandelte ein kurzfristiges Darlehen von CAD$1.335.111 in Aktien um, verhandelte die Leasingbedingungen für Ausrüstungen neu und sicherte zusätzliche Finanzierung in Höhe von CAD$495.854 vom CEO William Hogan.
- First profitable quarter in seven periods with CAD$81,000 net income
- Revenue increased by CAD$320,000 to CAD$1,206,000 compared to Q2 2023
- 18.5% improvement in gross profit
- Reduced working capital deficiency by CAD$621,085
- Decreased consolidated net loss by CAD$1,263,164 over six months
- Continuing working capital deficiency of CAD$1,382,500
- Required additional loan of CAD$495,854 from CEO
- Significant share dilution from conversion of CAD$1,335,111 loan into 26,445,572 shares
VANCOUVER, BC / ACCESSWIRE / December 6, 2024 / Nepra Foods Inc., (CSE:NPRA)(FSE:2P6)(OTC Pink:NPRFF) ("Nepra Foods" or the "Company"), a company specializing in allergen and gluten-free food ingredient technologies, is pleased to announce its condensed consolidated financial results for the three months ended September 30, 2024, along with a summary of business achievements during that period.
Fiscal Q2 2025 was a milestone quarter, reflecting the Company's continued commitment to delivering shareholder value through diligent and prudent operational decisions, continued customer loyalty and continuing to deliver innovation and ingredient formulations that meet or exceed customer satisfaction ratings.
Q2 2025 Comparative Financial and Business Highlights:
Revenue and Gross Profit -
For the quarter ended September 30, 2024, revenue increased to CAD
$1,206,000 from CAD$886,000 for the comparative quarter in 2023, an increase of CAD$320,000. Gross profit showed an increase of CAD
$239,000 over the comparative 2023 period which was an18.5% improvement in gross profit. This improvement is attributable to better raw material purchasing and an increase in the Company's blending revenues.
Net Income -
For the quarter ended September 30, 2024, the Company reported net income of CAD
$81,000 as compared to a CAD$860,422 loss for the preceding quarter ended June 30, 2024. It should be noted that this quarter is the first in the seven preceding quarters where the Company recorded a condensed consolidated net income. In addition to the increase in gross profit during the quarter, the change in net income resulted from a non-operating expense lease modification gain of CAD$708,748.
Other Financial Highlights -
For the six months ended September 30, 2024, revenues increased by CAD
$263,706 , over the preceding six months ended September 30, 2023.The condensed consolidated net loss decreased from CAD
$2,015,317 t o CAD$779,153 , an improvement of CAD$1,263,164. The Company's working capital deficiency was also reduced from CAD
$2,003,585 t o CAD$1,382,500 for the six months ended September 30, 2024.
Significant Events During the Quarter -
The Company converted a CAD
$1,335,111 short-term loan to 26,445,572 common shares and concurrently appointed William Hogan as CEO of the Company.The Company renegotiated an equipment lease and paid CAD
$410,960 t o the lessor, thus transferring ownership of the equipment to the Company.The Company secured a further CAD
$495,854 loan from its CEO, William Hogan, bearing6% interest and due July 31, 2025.
Events Occurring Subsequent to the Quarter -
The Company retired an SBA loan in the amount of CAD
$232,765 ,The Company appointed two new independent directors and formalized both an audit and compensation committee.
Management is encouraged to see the results of its cost cutting measures and a reinvigorated focus on key market opportunities to increase revenue in the gluten-free ingredient supply and blending areas as keys to continued positive financial results. Management will continue to carefully manage cash flow to navigate anticipated growth.
"Nepra's Q2 results are a testament to the dedication and commitment of our team to making sacrifices that were necessary to reposition the Company both from a business and financial perspective" said William Hogan CEO. "I am so proud to tell our shareholders that the successes we will enjoy in the future have come from the willingness of everyone at Nepra to make the right decisions which saw the Company report significant Q2 results in the midst of regulatory and filing issues which prevented us from securing outside capital. This resourcefulness is rare in business today and we will be a stronger company for all our investors, having worked through these times together."
The Company's consolidated financial statements for the three months ended September 30, 2024, along with its Management Discussion and Analysis (MD&A), are available on SEDAR+ at www.sedar.com.
About Nepra Foods Inc.
Nepra Foods is a specialty food company specializing in innovative, proprietary allergen and gluten-free ingredient solutions. We assist food manufacturers worldwide by providing formulations, ingredients, and technical support for the next generation of healthy, nutritious foods. For further details, visit www.neprafoods.com."
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ON BEHALF OF THE BOARD OF DIRECTORS
Billy Hogan CEO
investors@neprafoods.com
Investor Relations Toll-free (844) 566-1917
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include, without limitation, statements related to the Conversion Transaction, including the timing and completion thereof, and other statements regarding the future developments and the business and options of the Company. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.
Contact Information
Billy Hogan
CEO
investors@neprafoods.com
SOURCE: Nepra Foods
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