Nepra Foods Inc. Issues Clarification on CEO Letter Disclosure

Executive Summary

• Nepra Foods issued a regulatory clarification at the request of CIRO to correct financial data presented in a previous press release dated September 11, 2025.
• The company corrected significant errors in reported Net Loss figures and provided baseline figures for FY2025 financial performance to ensure accurate investor assessment.
• The correction highlights a 48.5% decrease in Net Loss and provides specific revenue, operating expense, and lease liability figures for the fiscal year ended March 31, 2025.

Key Details

• Revenue: Increased by 50.3% to CAD$6,253,768 in FY2025, up from CAD$4,161,354 in FY2024.
• Net Loss: Corrected to a decrease of 48.5% to CAD$2,335,340 in FY2025, down from CAD$4,536,525 in FY2024. The original release had incorrectly stated a reduction of over 302%.
• Operating Expenses: Decreased by 12.3% to CAD$3,622,820 in FY2025, compared to CAD$4,133,107 in FY2024.
• Lease Liabilities: Decreased by 29.9% to CAD$2,438,390 in FY2025, compared to CAD$3,478,874 in FY2024.
• Regulatory Context: The clarification was issued following a request from the Canadian Investment Regulatory Organization (CIRO) regarding the previous release titled "Nepra Foods Issues Letter from CEO."
• Operational Updates: The company noted ongoing board restructuring with active involvement from Chairman Mark Retzloff and board member Tim Hogan in daily operations, alongside pursuits of accretive revenue streams and long-term R&D projects.
• Source Data: All clarified figures are derived from audited consolidated financial statements available on SEDAR+.

Notable Quotes

• "The Company regrets any confusion and reaffirms its commitment to transparent, accurate, and balanced disclosure in compliance with all regulatory requirements."