Record Revenue Growth
Revenue reached just under $11 million for Q1 2025, representing a 42% increase versus the year-ago quarter.
Strong EBITDA and Profitability
EBITDA increased by 45% with a 29% margin to revenue. Net income after tax was over $2.3 million, 21% of revenue.
Canadian Pharma Business Growth
Canadian pharma business revenue increased by 21% year-over-year.
International Pharmaceutical Business Expansion
International pharmaceutical business generated over $1.5 million, a significant increase from no sales in the previous comparable period.
Tibelia Acquisition Impact
Tibelia acquisition added $800,000 in new revenue for the quarter.
Dividend Increase
Paid a dividend of $0.05 in March, representing an 11% increase versus the prior year.
FeraMAX Recognition
FeraMAX named the number one recommended oral iron supplement in Canada for the 10th consecutive year.
Consistent Profitability
Achieved 59 consecutive profitable quarters since Q2 2010.
Strong Balance Sheet
Maintained a cash position of just under $25 million with no debt.
Cash Return to Shareholders
Returned $6.2 million to shareholders through share buybacks and dividends.