THS Maple Holdings Ltd. (YAY) Reports Financial Results for the Second Quarter of Fiscal Year 2026

Executive Summary

• TH Maple Holdings Ltd. reported Q4 2025 sales of $3.73 M (up 15.2% YoY) and six‑month sales of $8.65 M (up 15.1% YoY).
• The company posted a net loss per share of $(0.012) for both the quarter and the six‑month period, with operating losses widening to $(236.6 K) over six months.
• Operational highlights include opening a new retail kiosk in Grande Prairie, AB, launching a warehouse/storage facility in Delta, BC, and more than doubling international sales outside Canada/US, driven by Asia‑Pacific demand.

Key Details

• Quarterly Financials (3 months ended Dec 31 2025)
• Sales: $3,732,000 vs. $2,846,748 in Q4 2024 (+15.2%).
• Cost of sales: $3,089,236.
• Gross profit: $642,764 (gross margin ≈ 17.2%).
• Selling expenses: $316,364; Administrative expenses: $800,207.
• Operating loss: $(473,807).
• Finance costs & other income: $245,070.
• Pre‑tax loss: $(718,877).

• Net loss per share: $(0.012).

• Six‑Month Financials (ended Dec 31 2025)

• Sales: $8,650,526 vs. $7,513,308 in prior year (+15.1%).
• Cost of sales: $6,708,972.
• Gross profit: $1,941,554 (gross margin 22.44% vs. 23.26% YoY).
• Selling expenses: $697,674; Administrative expenses: $1,483,516.
• Operating loss: $(236,636) (wider than $(120,147) prior year).
• Finance costs & other income: $484,928.
• Pre‑tax loss: $(721,564).

• Net loss per share: $(0.012).

• Revenue Growth Drivers

• International sales outside Canada/US more than doubled, primarily from Asia‑Pacific orders.

• Canadian revenue grew 7.3% despite supply shortfalls in the cookie product line (≈ $1 M revenue shortfall for six months).

• Operational Initiatives

• Rental agreement and launch of a retail kiosk at Grande Prairie Shopping Centre (operations began Oct 1 2025).
• New warehouse/storage facility in Delta, BC became operational Nov 2025, improving local client service and turnaround times.

• Continued participation in trade shows in Asia‑Pacific, supporting international sales growth.

• Management Commentary

• CEO Tom Zaffis highlighted ongoing investments in revenue‑generating activities, operational efficiencies, and equipment upgrades to support growth.

Notable Quotes

“As our track record of revenue growth illustrates, we are pursuing investments in revenue‑generating activities locally and abroad. We are also committed to improving our operational efficiencies and packaging capacity through targeted equipment investments,” – Tom Zaffis, CEO, TH Maple Holdings Ltd.