Nextleaf Reports First Quarter Results for Fiscal Year 2025 Including Increased Gross Profit, and Significant Net Income Improvement
Nextleaf Solutions (OTCQB: OILFF) reported strong Q1 FY2025 financial results, with gross revenue of $3.85 million and net revenue of $2.89 million for the period ending December 31, 2024. The company achieved significant financial improvements, including:
- Net income of $530,432, up from a loss of $239,675 in Q4 FY2024
- Gross profit margin increased to 32% from 25% quarter-over-quarter
- COGS reduced by 11.5% to $1.65M
- Positive EBITDA of $405,390
The quarter saw 8 new product launches under the Glacial Gold brand, which ranked as the top softgel brand in BC and AB through December 2024. The company strategically shifted focus to toll-processing activities for Commercial Partners over bulk ingredient production. Looking ahead to Q2 FY2025, Nextleaf plans operational expansion, 3 new product launches, and 4 expanded listings across core markets.
Nextleaf Solutions (OTCQB: OILFF) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2025, con un fatturato lordo di $3,85 milioni e un fatturato netto di $2,89 milioni per il periodo che si è concluso il 31 dicembre 2024. L'azienda ha ottenuto significativi miglioramenti finanziari, tra cui:
- Utile netto di $530.432, in aumento rispetto a una perdita di $239.675 nel quarto trimestre dell'anno fiscale 2024
- Margine di profitto lordo aumentato al 32% dal 25% rispetto al trimestre precedente
- Costo delle merci vendute ridotto dell'11,5% a $1,65 milioni
- EBITDA positivo di $405.390
Durante il trimestre sono stati lanciati 8 nuovi prodotti sotto il marchio Glacial Gold, che si è classificato come il miglior marchio di softgel in BC e AB fino a dicembre 2024. L'azienda ha strategicamente spostato il focus verso le attività di toll-processing per i partner commerciali piuttosto che sulla produzione di ingredienti in bulk. Guardando al secondo trimestre dell'anno fiscale 2025, Nextleaf prevede un'espansione operativa, 3 nuovi lanci di prodotti e 4 elenchi ampliati nei mercati principali.
Nextleaf Solutions (OTCQB: OILFF) reportó resultados financieros sólidos para el primer trimestre del año fiscal 2025, con ingresos brutos de $3.85 millones y ingresos netos de $2.89 millones para el periodo que finalizó el 31 de diciembre de 2024. La compañía logró mejoras financieras significativas, incluyendo:
- Ingreso neto de $530,432, un aumento con respecto a una pérdida de $239,675 en el cuarto trimestre del año fiscal 2024
- El margen de beneficio bruto aumentó al 32% desde el 25% trimestre a trimestre
- Costo de bienes vendidos reducido en un 11.5% a $1.65M
- EBITDA positivo de $405,390
El trimestre vio el lanzamiento de 8 nuevos productos bajo la marca Glacial Gold, que se clasificó como la mejor marca de softgel en BC y AB hasta diciembre de 2024. La compañía cambió estratégicamente su enfoque hacia actividades de procesamiento por contrato para socios comerciales en lugar de la producción de ingredientes a granel. Mirando hacia el segundo trimestre del año fiscal 2025, Nextleaf planea una expansión operativa, 3 nuevos lanzamientos de productos y 4 listados ampliados en los mercados clave.
Nextleaf Solutions (OTCQB: OILFF)는 2025 회계연도 1분기 강력한 재무 결과를 보고했으며, 2024년 12월 31일 종료된 기간 동안 총 수익은 $3.85 백만, 순수익은 $2.89 백만에 달했습니다. 회사는 다음과 같은 중요한 재무 개선을 달성했습니다:
- 순이익 $530,432, 2024 회계연도 4분기에서의 손실 $239,675에서 증가
- 총 이익률이 분기 대비 32%로 증가 (25%에서)
- 매출원가가 11.5% 감소하여 $1.65M
- 긍정적인 EBITDA $405,390
이번 분기에는 Glacial Gold 브랜드 하에 8개의 신제품이 출시되었으며, 이는 2024년 12월까지 BC와 AB에서 최고의 소프트젤 브랜드로 평가되었습니다. 회사는 대량 원료 생산 대신 상업 파트너를 위한 톨 가공 활동으로 전략적으로 초점을 전환했습니다. 2025 회계연도 2분기를 바라보며, Nextleaf는 운영 확장, 3개의 신제품 출시, 그리고 주요 시장에서 4개의 확장된 목록을 계획하고 있습니다.
Nextleaf Solutions (OTCQB: OILFF) a rapporté de solides résultats financiers pour le premier trimestre de l'exercice 2025, avec un chiffre d'affaires brut de $3,85 millions et un chiffre d'affaires net de $2,89 millions pour la période se terminant le 31 décembre 2024. L'entreprise a réalisé des améliorations financières significatives, notamment :
- Revenu net de $530.432, en hausse par rapport à une perte de $239.675 au quatrième trimestre de l'exercice 2024
- Marge brute de profit augmentée à 32% contre 25% d'un trimestre à l'autre
- Coût des marchandises vendues réduit de 11,5% à $1,65M
- EBITDA positif de $405.390
Le trimestre a vu le lancement de 8 nouveaux produits sous la marque Glacial Gold, qui a été classée comme la meilleure marque de softgel en BC et AB jusqu'en décembre 2024. L'entreprise a stratégiquement réorienté son attention vers des activités de traitement pour les partenaires commerciaux plutôt que vers la production d'ingrédients en vrac. En regardant vers le deuxième trimestre de l'exercice 2025, Nextleaf prévoit une expansion opérationnelle, 3 nouveaux lancements de produits et 4 listes élargies sur les marchés clés.
Nextleaf Solutions (OTCQB: OILFF) berichtete über starke Finanzresultate für das erste Quartal des Geschäftsjahres 2025, mit einem Bruttoumsatz von $3,85 Millionen und einem Nettoumsatz von $2,89 Millionen für den Zeitraum bis zum 31. Dezember 2024. Das Unternehmen erzielte signifikante finanzielle Verbesserungen, darunter:
- Nettogewinn von $530.432, im Vergleich zu einem Verlust von $239.675 im vierten Quartal des Geschäftsjahres 2024
- Bruttogewinnmarge stieg von 25% auf 32% im Quartalsvergleich
- Kosten der verkauften Waren um 11,5% auf $1,65 Millionen gesenkt
- Positives EBITDA von $405.390
Im Quartal wurden 8 neue Produkte unter der Marke Glacial Gold eingeführt, die bis Dezember 2024 die beste Softgel-Marke in BC und AB war. Das Unternehmen hat strategisch den Fokus auf die Lohnverarbeitung für Geschäftspartner anstelle der Produktion von Großrohstoffen verlagert. Für das zweite Quartal des Geschäftsjahres 2025 plant Nextleaf eine betriebliche Expansion, 3 neue Produkteinführungen und 4 erweiterte Listungen in den Kernmärkten.
- Net income turnaround to $530,432 from previous quarter loss
- Gross profit margin increased to 32% (+28% QoQ)
- COGS reduced by 11.5% QoQ
- Positive EBITDA of $405,390
- Top market position in softgel category in BC and AB
- 8 new product launches completed
- Strategic shift away from bulk ingredient production
- Flat revenue growth QoQ ($3.85M vs $3.81M)
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2025) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) ("Nextleaf", "OILS", or the "Company"), an innovation-driven life sciences company and licensed cannabis processor, is pleased to announce its financial results for the first quarter of fiscal year 2025 ending Dec 31st 2024. The Company reported gross revenue of
Q1 FY2025 Highlights
- Consistent Revenue Performance: Gross revenue of
$3.85 million , compared to the prior quarter (Q4 FY2024:$3.81 million ), reflecting sustained demand and market positioning. - Improved Gross Profit Margin:
32% , up from25% in the prior quarter, highlighting enhanced operational efficiency and cost management. - Major Net Income Turnaround: Net income of
$530,432 , marking a significant improvement from a net loss of$239,675 in Q4 FY2024, underscoring enhanced profitability and financial discipline. - Optimized Cost Structure: Cost of Goods Sold (COGS) reduced by
11.5% quarter-over-quarter ($1.65M vs.$1.86M ), reflecting improved operational efficiency and cost management. - Positive EBITDA1:
$405,390 , reinforcing the Company's focus on high-margin activities and long-term financial sustainability. - Product Launches: 8 new product launches under house-brand Glacial Gold emphasizing the Company's focus on, and burgeoning expertise in ready-to-consume, convenience-based formats featuring minor cannabinoids and full-spectrum offerings, alongside high potency and high purity extracts.
- Market Position: Glacial Gold has consistently ranked as the top softgel brand in BC and AB through Dec 2024 and continues to be a top 5 brand in ON.
[1] Non-IFRS or supplementary financial measure. See discussion in the Non-IFRS Financial Measures advisories section of this press release below and Management Discussion & Analysis.
The Company reported a temporary but strategic shift in Q1 FY2025, prioritizing toll-processing activities for Commercial Partners over bulk ingredient production for B2B sales. This decision reinforces Nextleaf's commitment to its Commercial Partners Program, ensuring the continued service of long-standing relationships while covering all associated processing costs.
"When our vault is loaded and we're focused on toll-processing, the most impactful opportunity for us is to continue to scale CPG sales with our flagship brand, Glacial Gold. This includes product innovation and deepening our in-market impact through expanded presence." Shares Nextleaf CEO Emma Andrews.
"By concentrating on higher margin activities, we improved our cost-of-sales and significantly increased profitability in Q1-delivering stronger shareholder value. Our lean manufacturing model, and business agility allow us to pivot quickly in response to market conditions," comments Andrews.
Through both toll-processing activities and bulk-ingredient sales, Nextleaf Labs supplies high-quality ingredients to leading national brands, utilizing the Company's multi-patented, highly automated, closed-loop extraction system.
Nextleaf Labs is a trusted Licensed Processor and home to flagship brand Glacial Gold
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Q2 FY2025 Outlook
The Company will prioritize and allocate working capital to the following strategic initiatives throughout the second quarter of FY2025:
- Operational Expansion: Increased manufacturing shifts and multi-department hiring to support growth in CPG sales as well as infrastructure improvements.
- Commercialization: 3 new product launches expected in Q2, in addition to 4 expanded listings for existing products across core markets (BC, AB, ON)
- Brand Refresh: Improved creative direction including enhanced visual identity, digital communications, and trade marketing for in-house brand Glacial Gold, celebrating its 10-year anniversary in 2025.
Event Announcements
On International Women's Day 2025 (March 6th), Nextleaf CEO Emma Andrews will be speaking at Radicle Femmes in Toronto ON, Canada's largest networking event celebrating women in weed. Hosted by Marigold PR, in partnership with VIP Sponsor the Ontario Cannabis Store (OCS), Andrews' panel will feature insights about building and scaling brands that resonate.
Nextleaf will be in attendance at the International Cannabis Business Conference in Berlin Germany, April 29-30 2025. This is part of Nextleaf's commitment to increasing their focus on ingredient export through Commercial Partnerships. The Company welcomes relevant business development outreach from potential partners in attendance: info@nextleafsolutions.com
Share Issuance
Nextleaf has issued 476,923 common shares of the Company to a consultant to settle a
About Nextleaf Solutions Ltd.
Nextleaf® is an innovation-driven life science company, and licensed cannabis processor with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products, and high-potency bulk ingredients. Nextleaf's multi-patented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale.
With coast-to-coast distribution, Nextleaf branded products and ingredients are sold through both medical and recreational channels. Featuring the acclaimed brand Glacial Gold, leading multiple categories nationally, including cannabis softgels, vapes, and oils.
The Company has been issued 19 U.S. patents, and 75+ patents globally, on cannabinoid processing including extraction, distillation, and acetylation.
On behalf of the Board of Directors of the Company,
Emma Andrews, CEO
Contact: investors@nextleafsolutions.com
Follow Nextleaf Solutions on LinkedIn
Learn More: www.nextleafsolutions.com
Nextleaf trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Market in the United States, and L0MA on the Frankfurt Stock Exchange.
Disclaimers and Disclosure Statements:
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company's anticipated delivery of its products to provincial markets across Canada and those regarding the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release.
Non-IFRS Financial Measures
This press release includes references to "EBITDA", which are not defined under International Financial Reporting Standards (IFRS). The intent of these non-IFRS measures is to provide additional useful information to investors and analysts. These non-IFRS measures do not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other entities. As such, these non-IFRS measures should not be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. EBITDA is considered as a useful measure by management to understand the profitability of Nextleaf Solutions excluding the effects of certain non-operating items.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243234
FAQ
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