07:55 AM EDT, 08/29/2025 (MT Newswires) -- Simply Solventless Concentrates ( SSLCF ) overnight Thursday reported a swing to net income in the second quarter from a year-ago loss.

For the three-months ended June 30, net income was $3.4 million, compared with net loss of $582,451, a year earlier.

Net revenue in Q2 was $11 million, a 11% increase quarter-over-quarter.

"We delivered another strong quarter of profitable growth, driven by focused and disciplined execution across all of our business units," said Simply Solventless Chief Executive Jeff Swainson. "We are now seeing the benefits of increased scale and critical mass beginning to take shape, resulting in record Q2 2025 gross revenue and adjusted EBITDA, and most importantly, positive cash flow from operations of $1.0 million."

"We have significantly improved our balance sheet in part through the ANC promissory note settlement and deferral, and we will continue to focus on driving further growth in cash generation from our assets as we launch new products, including the Sluggers brand in late Q3 2025, and as we pursue additional key markets through the remainder of 2025," said Swainson.

Shares of the company closed unchanged at $0.345 on Thursday on the TSX Venture Exchange.