Trustbix loses $1.06-million in 2025

Executive Summary

• Trustbix Inc. reported a net loss of $1,060,557 for the year ended Sept. 30, 2025, a 49.2% increase over 2024.
• Revenue declined 15.6% to $1,331,713, while operating expenses improved 10.8% to $1,928,098.
• The company discontinued its Market Master and Auction Master Pro services to re‑allocate resources toward the Alberta food security business.

Key Details

• Net loss: $1,060,557 (up $349,792 or 49.2% from $710,765 in 2024).
• Comprehensive loss: $1,060,557 (same as net loss).
• Revenue: $1,331,713, down $246,272 (‑15.6%) from $1,577,985 in 2024.
• Operating expenses: $1,928,098, improved $233,083 (‑10.8%) versus $2,161,181 in 2024.
• Cash used in operating activities: $192,785, up $50,551 (+86.5%) from $103,396 in 2024.
• Strategic shift: Ended Market Master support and decided to discontinue Auction Master Pro; focus redirected to Alberta food security segment.
• Management comment: CEO Hubert Lau emphasized continued focus on growing the Alberta food‑security business and thanked customers of the ViewTrak business for their loyalty during the transition.

Notable Quotes

“The company continues to focus on growing its Alberta food security business.” – Hubert Lau, Chief Executive Officer
“We believe that this transition positions the company to better allocate resources to grow in segments with strong long‑term potential.” – Hubert Lau, CEO