Overview

* Q4 revenue declines to $224.5 mln, impacted by strategic decisions

* International cannabis revenue up 71% in Q4

* Company reduces total debt repayments of ~$100 mln to date, strengthening balance sheet

Outlook

* Tilray expects FY 2026 adjusted EBITDA of $62 mln to $72 mln

* Company anticipates growth in cannabis, beverage, and wellness sectors

* Tilray plans to enhance global supply chain in 2026

* Company sees growth opportunities in Europe and emerging markets

Result Drivers

* INTERNATIONAL GROWTH - International cannabis revenue increased by 71% in Q4, driven by strategic market expansions

* BEVERAGE STRATEGY - Beverage revenue impacted project 420 and national SKU rationalization across co's recently acquired craft beverage brands

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 $224.54

Revenue mln

Q4 $0.02

Adjusted

EPS

Q4 Net -$1.27

Income bln

Q4 Basic -$1.3

EPS

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* Wall Street's median 12-month price target for Tilray Brands Inc ( TLRY ) is C$1.36, about 30.9% above its July 25 closing price of C$0.94

Press Release:

(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.)