Increase in Sales Revenue
Sales for the quarter were up 13% compared to the 2024 period, with $10.56 million versus $9.31 million.
New Food Grade Contracts
Announced a 5-year food grade contract with a minimum revenue of $6.5 million per year and a maximum potential of over $25 million per year. The August contract reached full production, leading to over $1 million in revenue.
Panama Factory Completion
Nearly completed a duplicate agriculture and polymer factory in Panama, expected to begin production in Q4 2025, with advantages of reduced shipping times and no U.S. tariffs.
Debt Reduction
Paid in full the loan used to purchase the ENP division in June 2025 and will fully pay the 3-year note for equipment by December 2025, freeing up over $2 million in cash flow per year.