Nevis Brands Reports Q3 2025 Results: Quarterly Revenue Growth of 16% Amid Expanding Markets

Executive Summary

• Nevis Brands reported Q3 2025 revenue of $478,808 CAD, a 16% increase versus Q2.
• Net income improved to ‑$22,639 CAD (vs. ‑$92,458 CAD in Q2); adjusted for depreciation the quarter generated $40,298 CAD of net profit.
• The company highlighted geographic expansion into New Jersey and Missouri, continued growth of its hemp‑derived THC beverage “Happy Apple™,” and expects margins to stabilize as production scales.

Key Details

• Revenue: $478,808 (Q2: $418,745) – +16% QoQ.
• Gross Profit: $302,156 (Q2: $315,345) – gross margin 63%, down from prior quarter due to higher testing costs and lower margins on new hemp‑derived products.
• Net Income: ‑$22,639 (Q2: ‑$92,458).
• Adjusted Net Income (excluding depreciation): $40,298.
• Operational Highlights:
• Expansion into New Jersey and Missouri with flagship brands Major™ and Happy Apple™ gaining traction.
• Additional distribution agreements for Happy Apple™ in Wisconsin, North Carolina, South Carolina; new partnerships under review expected to close in coming months.
• Core legacy markets (Washington, Colorado, Oregon) delivered stable revenue.
• Margin Outlook: Management expects gross margins to improve as testing costs normalize and hemp‑derived product scale reduces per‑unit expenses.
• Forward Guidance: Anticipates continued revenue momentum into fiscal 2026, focusing on scaling hemp‑derived offerings while maintaining disciplined cost management.

Notable Quotes

“Our Q3 results demonstrate Nevis’ ability to grow the business… With 16% quarterly revenue growth and the third straight quarter of growth, we are pleased with the momentum we have built in both our licensed markets as well as our early performance with Happy Apple™, our Hemp‑Derived THC beverage.” – John Kueber, CEO

Materiality Assessment: Material – Positive (earnings release showing significant revenue growth and improvement in profitability).