Green Rise Foods omits P&L from Q3 NR, talks EBITDA

Executive Summary

• Green Rise Foods reported FY 2025 Q3 (nine‑month) revenue of $23.4 M, a 2% decline versus the prior year.
• Adjusted EBITDA fell to $4.6 M for the nine‑month period, down 31% YoY and 19% for the quarter.
• Management attributed the declines to adverse weather conditions and timing of government grants, but expects a stronger fourth quarter and has finalized 2026 crop selections with partner Mastronardi Produce Ltd.

Key Details

• Revenue:
• Nine‑month FY 2025: $23.4 M (−2% YoY).
• Three‑month Q3 FY 2025: $11.3 M (−2% YoY).
• Adjusted EBITDA:
• Nine‑month FY 2025: $4.6 M (down $2.1 M, −31% YoY).
• Three‑month Q3 FY 2025: $2.9 M (down $0.7 M, −19% YoY).
• Operational Commentary:
• Cold winter and excessive heat waves (late June–mid August) impacted production.
• Prior‑year government grant timing inflated comparative EBITDA.
• Grow teams mitigated impacts; outlook for Q4 is positive.
• Strategic Update:
• Finalized 2026 crop selections with partner Mastronardi Produce Ltd.

Notable Quotes

“A colder winter and excessive heat waves … were the primary factors behind the decline in adjusted EBITDA… we anticipate a solid fourth quarter to finish the year strong.” – Vincent Narang, CEO.