Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

GLG Life Tech Corporation Reports 2025 Third Quarter Financial Results

By The Northwire Desk — AI Analysis Nov 26, 2025 · 20:00 GLG · None GLG LIFE TECH CORPORATION J
GLG · Price

Executive Summary

  • GLG Life Tech reported Q3 2025 revenue of $2.1 M, down 36% YoY, and a net loss of $5.2 M from continuing operations.
  • For the nine months ended September 30 2025, revenue fell 22% to $8.2 M, but net income surged to $15.4 M (up $26.9 M YoY) driven by the final disposition of the former Runhai subsidiary.
  • The company disclosed ongoing cash‑flow constraints and a heightened risk of insolvency without additional financing, while noting that its cease‑trade order has been lifted and it is preparing to resume trading on the NEX exchange.

Key Details

  • Revenue: Q3 2025 – $2.144 M (‑36% YoY); 9‑month total – $8.173 M (‑22% YoY).
  • Cost of Sales: Q3 2025 – $1.827 M (‑34% YoY); 9‑month total – $6.974 M (‑19% YoY).
  • Gross Profit: Q3 2025 – $0.316 M (‑48% YoY); 9‑month total – $1.199 M (‑38% YoY).
  • SG&A Expenses: Q3 2025 – $0.299 M (‑23% YoY); 9‑month total – $0.916 M (‑34% YoY).
  • Net Loss (Continuing Ops): Q3 2025 – $(5.166) M (‑47% vs. prior year loss of $(3.521) M).
  • Net Income (Continuing Ops, 9 mo): $15.362 M (up 233% YoY); includes $27 M other income from the Runhai asset disposition.
  • Earnings per Share: Q3 loss $0.13 vs. $0.09 loss prior year; 9‑month profit $0.40 vs. $‑0.30 loss prior year.
  • AGM Results (May 22 2025): All five directors re‑elected with >99% support; Mr. David Bishop added as fifth director on March 27 2025.
  • Runhai Facility Transfer: Approved by shareholders (>99.99% in favor); transferred for a nominal amount to Xiaogang, improving balance sheet and reducing exposure to Chinese regulatory risk.
  • Going‑Concern Warning: Management highlighted insufficient cash without further financing; noted positive EBITDA trends but significant interest accruals.
  • Regulatory Status: Cease‑trade order (FFCTO) lifted in May 2025; company preparing submission to NEX exchange to resume trading after delisting from TSX on 3 Sept 2024.
  • Liquidity Actions: Ongoing negotiations for third‑party revolving loan facilities to replace prior related‑party financing.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from GLG LIFE TECH CORPORATION J

May 22, 2026 · 18:55

Stevia Slump Pushes GLG Life Tech Deeper into the Red as Cash Runs Thin

Earnings Apr 30, 2026 · 20:55

Tagline: GLG Life Tech Deepens Losses as Stevia Demand Craters Amid Insolvency Fears

Earnings