Flexible Solutions International ( (FSI) ) has released its Q3 earnings. Here is a breakdown of the information Flexible Solutions International presented to its investors.
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Flexible Solutions International Inc., based in Alberta, Canada, is a company that develops, manufactures, and markets specialty chemicals aimed at water conservation and agricultural efficiency, primarily serving the chemical and agricultural sectors with unique products like thermal polyaspartate biopolymers and water evaporation inhibitors.
In its latest earnings report for the quarter ending September 30, 2025, Flexible Solutions International reported a decline in net income compared to the same period last year. Despite an increase in sales, the company faced higher costs of sales, which impacted its gross profit margins.
The company reported total sales of $10.56 million for the quarter, an increase from $9.31 million in the previous year. However, the cost of sales rose significantly to $8.03 million from $5.51 million, resulting in a reduced gross profit of $2.52 million compared to $3.81 million last year. Operating income also saw a decline, dropping to $311,303 from $1.91 million. The net income attributable to Flexible Solutions International was a loss of $503,358, down from a profit of $611,858 in the previous year.
Looking ahead, Flexible Solutions International remains focused on its strategic initiatives and product development to enhance its market position. The management is optimistic about the potential growth in its market verticals, particularly in the agricultural sector, despite current challenges in cost management and competitive pressures.