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EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0% EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0%
Earnings

Purebread Brands Inc. Reports FY 2025 Results

By The Northwire Desk — AI Analysis Oct 06, 2025 · 09:01 BRED · 0.035 Purebread Brands Inc.
BRED · Price

Executive Summary

  • Purebread Brands reported FY 2025 revenue of $16 M, a 51% YoY increase driven by strong bakery sales.
  • Adjusted EBITDA improved to $(0.3) M from $(1.7) M in FY 2024 (82% improvement), reflecting cost‑reduction initiatives and the Purebread Bakery acquisition.
  • The company executed a shares‑for‑debt conversion of $5.58 M and a 5‑for‑1 common share consolidation to strengthen its balance sheet.

Key Details

  • Revenue: FY 2025 $16 M (↑51% YoY); Q4 2025 $3.6 M (↓10% YoY) due to reduced Coho Kitchen revenue.
  • Gross Profit: FY 2025 $10.0 M (↑44% YoY); Q4 2025 gross profit ↑42% YoY.
  • Operating Expenses: Up 10% YoY for the full year (first‑year impact of bakery acquisition); down 6% in Q4 2025 vs. Q4 2024.
  • Net Loss: FY 2025 $(14.58) M versus $(7.68) M in FY 2024.
  • Adjusted EBITDA: FY 2025 $(0.35) M (↑82% YoY improvement); Q4 2025 figures not disclosed separately.
  • Non‑Recurring Items:
  • Loss on derecognition of right‑of‑use asset and lease obligation: $2.60 M.
  • Loss on derecognition of property & equipment: $3.06 M.
  • Gain on forgiveness of loan: $(0.10) M.
  • Loss on provision for facility‑related obligations: $2.48 M.
  • Capital Structure Actions:
  • Shares‑for‑debt agreement converting $5,577,570 of outstanding debt to equity.
  • Implemented a 5‑for‑1 common share consolidation.
  • Operational Highlights:
  • Opened new Purebread Bakery on West 4th, Vancouver (Q1 FY 2025).
  • Closed two Coho Commissary locations and two public market sites to streamline operations.
  • Management Comment: Interim CEO Amrit Maharaj highlighted revenue growth from bakery operations, cost reductions, and the strongest adjusted EBITDA performance to date as a “major milestone” for sustainable profitability.

Notable Quotes

“These numbers reflect the significant progress we've made in aligning our business model with our core strengths… This is a major milestone that positions us well for sustainable growth and profitability moving forward.” – Amrit Maharaj, Interim CEO

Read the original news release →

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