Goodfellow Reports Its Results for the Third Quarter Ended August 31, 2025

Executive Summary

• Goodfellow Inc. reported Q3 2025 net earnings of $3.7 M ($0.45 per share), down from $5.8 M ($0.68 per share) a year earlier.
• Consolidated sales for the quarter were $142 M, slightly above the prior‑year level of $140 M.
• The Board declared an eligible dividend of $0.35 per share payable on November 11 2025.

Key Details

• Quarterly Financial Performance
• Net earnings Q3 2025: $3.7 M (Basic EPS $0.45, Diluted EPS $0.44) vs. $5.8 M a year ago.
• Consolidated sales Q3 2025: $141.9 M vs. $139.7 M in Q3 2024.
• Nine‑month net earnings (ended Aug 31 2025): $3.9 M ($0.47 per share) vs. $11 M ($1.29) a year ago.

• Nine‑month sales: $406.0 M vs. $385.3 M in the prior year.

• Cost Management & Margin Protection

• Cost of goods sold Q3 2025: $106.7 M (up modestly from $105.3 M).

• SG&A expenses Q3 2025: $28.8 M, up from $25.4 M a year earlier, reflecting targeted growth initiatives.

• Dividend Declaration

• Eligible dividend of $0.35 per share declared; payable Nov 11 2025 to shareholders of record Oct 28 2025.

• Balance Sheet Highlights (as of Aug 31 2025)

• Cash: $4,098 K (down from $6,273 K).
• Total assets: $310,430 K, up from $295,991 K.

• Bank indebtedness: $22,000 K, a significant increase from $21,636 K a year ago.

• Cash Flow Summary (Q3 2025)

• Net cash provided by operating activities: $38,652 K.
• Net cash used in financing activities: $(36,704) K, driven mainly by repayment of CORRA loans ($35 M).

• Net cash used in investing activities: $(1,012) K (primarily PPE acquisitions).

• Shareholder Equity Changes

• Share capital as of Aug 31 2025: $9,214 K.
• Retained earnings increased to $197,866 K.

• Total shareholders’ equity: $207,080 K.

• Financing Activity Details

• Net decrease in CORRA loans: $(35,000) K (repayment).
• Redemption of shares during the quarter: $(216) K.

Notable Quotes

(No CEO/President quotes were included in the release.)