07:29 AM EST, 11/13/2025 (MT Newswires) -- Rubicon Organics ( ROMJF ) overnight Wednesday reported a profit in the third quarter driven by an increase in revenue and announced the appointment of Glen Ibbott as its Chief Financial Officer.

For the three-months ended Sept. 30, net income was $2 million or $0.04 net profit per basic share, compared with a net loss of $168,498 or breakeven per share, beating consensus estimate compiled by FactSet of $0.01 net profit per share.

Net revenue for the quarter increased to $15.6 million compared with $13 million a year-ago, also beating consensus estimate compiled by FactSet of $15.5 million.

"Rubicon continues to generate growth from our established footprint as we prepare for our next major inflection point in 2026, when we expect to begin realizing revenue from the recently acquired Cascadia Facility," said Rubicon Organics ( ROMJF ) Chief Executive Margaret Brodie. "With the facility now licensed and commissioning activities well underway, we have begun investing in talent and other foundational initiatives to support our next phase of growth."

The company, in a separate release, announced the appointment of Glen Ibbott, former CFO of Aurora Cannabis ( ACB ) as Rubicon's CFO and corporate secretary.

Shares of the company closed unchanged at $0.51 on Wednesday on the TSX Venture Exchange.