Record Revenue Growth
Revenue reached just under $11 million for Q1 2025, representing a 42% increase compared to the previous year and marking a record quarter for the company.
Strong Profitability and Shareholder Returns
EBITDA increased by 45%, net income after tax was over $2.3 million, and EPS rose to $0.67 from $0.62. The company also paid a dividend of $0.05, an 11% increase from the prior year.
Successful International Expansion
International pharmaceutical business generated over $1.5 million in sales, marking a shift from no sales in the previous comparable period.
FeraMAX Brand Recognition
FeraMAX was named the number one recommended oral iron supplement in Canada for the 10th consecutive year.
Strong Cash Position
The company reported just under $25 million in cash with no debt, maintaining a robust balance sheet.