07:48 AM EDT, 10/09/2025 (MT Newswires) -- Tilray Brands ( TLRY ) , which gains 17% in New York trading Thursday, reported a swing to a first-quarter adjusted profit as net revenue advanced, both beating estimates.

The company reported an adjusted net income of US$3.9 million, or nil per share, compared with an adjusted loss of $6.1 million, or $0.01 per share in the prior year period. The result beat the consensus analyst forecast of $0.03 per share, according to FactSet.

Net revenue rose 5% to $209.5 million, beating the $202.2 million forecast.

Tilray maintained its fiscal Year 2026 adjusted EBITDA outlook of $62 million to $72 million.

"As we enter fiscal 2026, Tilray's first quarter results underscore the effectiveness of our strategic vision and disciplined execution. Achieving a record Q1 net revenue of $210 million, delivering net income, and fortifying our balance sheet are not just milestones, they are proof points of our commitment to building sustainable growth, operational excellence, and unlocking value for our shareholders," said chief executive Irwin Simon.

Tilray shares are 17% higher to $2.01 in U.S. pre-market trading.