Earnings
WestBond reports Financial Results for the Quarter ended September 30, 2025
WBE · Price
Executive Summary
- Net profit for Q3 2025 rose 79% to $174,630, up from $97,710 in Q2 2025.
- Sales increased 11.1% year‑over‑year to $3,030,669 for the quarter ended September 30, 2025.
- Director Peter Toigo resigned after 12 years; Walter Robert Lee was appointed to the Board and Audit, Compensation, and Governance committees.
Key Details
- Financial Performance:
- Net profit Q3 2025: $174,630 (↑79% vs. Q2 2025).
- Sales Q3 2025: $3,030,669 (↑11.1% vs. Q2 2025).
- Growth Drivers:
- Continued sales growth in food‑service (hospitality) products, notably high‑end air‑laid napkins.
- Expansion of personal hygiene product line.
- New market entries in the USA and Canada with major restaurant chains.
- Board Changes:
- Peter Toigo resigned as Director to focus on Shato Holdings portfolio.
- Walter Robert Lee appointed Director; will serve on Audit, Compensation, and Governance committees.
- Lee’s background includes senior finance roles at Canacord Genuity, JP Morgan Securities, and Bank of Montreal.
- Additional Information:
- Quarterly report and supporting documents are available on the company website (www.westbond.ca) and SEDAR+ (www.sedarplus.com).
Notable Quotes
- “We thank Mr. Toigo for his many years of dedicated service to the organization. We welcome Mr. Lee’s global finance experience as we enter this new growth phase.” – Gennaro Magistrale, CEO & President.