Overview

* Auxly Q3 net revenue rises 20% yr/yr, driven by ccc

* Net income for Q3 increases 533% yr/yr, reflecting improved gross profits

* Adjusted EBITDA for Q3 grows 48%, supported by operational efficiency

Outlook

* Company expects Canadian recreational cannabis market to benefit from increasing social acceptability

* Auxly plans to allocate C$2.0 mln to C$2.5 mln towards capital projects in 2025

* Company sees long-term potential in international markets and is evaluating export opportunities

Result Drivers

* HIGHER VOLUMES AND PRICING - Auxly's 20% revenue growth driven by increased volumes and improved pricing in flower portfolio

* IMPROVED MANUFACTURING - Gross margin improvement due to manufacturing process enhancements and increased demand

* INTEREST EXPENSE REDUCTION - Net income boosted by reduced interest expenses from Imperial Debenture conversion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$39.90

Revenue mln

Q3 Net C$20.50

Income mln

Q3 C$12.30

Adjusted mln

EBITDA

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)