Enlightify (ENFY) investor relations material

Executive summary

• Total net sales for FY2025 were $75.3M, down 21.5% year-over-year, with a net loss of $15.6M, a 45.1% improvement from FY2024's $28.4M loss.

• The company’s core business remains fertilizer production, accounting for 86.8% of revenues, with agricultural products at 13% and Bitcoin mining at 0.2%.

• NYSE delisting proceedings began in October 2025 due to failure to meet market capitalization standards, raising substantial doubt about the company’s ability to continue as a going concern.

Financial highlights

• Gross profit for FY2025 was $17.1M (22.7% margin), down from $19.7M (20.6% margin) in FY2024.

• Operating expenses decreased 34.4% to $31.9M, mainly due to a 40.1% reduction in general and administrative expenses.

• Cash and cash equivalents at year-end were $52.5M, down 10.6% from the prior year.

• Accounts receivable increased 17.3% to $19.3M, with a 61% allowance for doubtful accounts.

• The company repurchased 345,980 shares for $398,526 under a share repurchase program.

Outlook and guidance

• Management is evaluating options to mitigate the impact of the NYSE delisting, including seeking alternative financing and cost reductions.

• Sufficient cash is projected for the next twelve months barring significant acquisitions or expansions, but future financing may be needed if plans are not met.