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Greenfern Industries (GFI) investor relations material

Greenfern Industries H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary28 Nov, 2024

Executive summary

  • Revenue for the six months ended 30 September 2024 was NZ$244,438, up 105% year-over-year, driven by a shift to medicinal cannabis flower production and initial sales from the new cultivation facility.

  • Net loss attributable to shareholders was NZ$654,461, similar to the prior period, with major expenses in salaries, bad debt provisions, insurance, depreciation, and compliance.

  • The company remains in a growth phase, reliant on capital raising to fund operations and expansion, with recent and planned share offerings to raise up to NZ$700,000.

  • No dividends were declared or paid for the period.

Financial highlights

  • Gross profit increased to NZ$103,917 from NZ$87,756 year-over-year, despite higher cost of sales.

  • Operating loss was NZ$575,705, up from NZ$532,245 in the prior year.

  • Cash and cash equivalents at period end were NZ$24,074, down from NZ$185,808 at March 2024.

  • Net assets as at 30 September 2024 were NZ$1.38 million.

  • Basic and diluted loss per share was NZ$(0.0056), compared to NZ$(0.0054) year-over-year.

Outlook and guidance

  • Focus remains on medicinal cannabis production for export, with a reset of cultivation processes and genetics to target European and Australian markets.

  • Production is forecast at 50kg every 12 weeks from early February 2025, with offtake agreements under negotiation.

  • Continued development of a market-ready soluble hemp protein isolate, with scalability trials and IP protection underway.

  • Ongoing capital raising is critical to fund operations and growth initiatives.

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Frequently asked questions

Greenfern Industries Limited is a New Zealand-based company involved in the cultivation, production, and sale of medicinal cannabis and hemp-based products. The company focuses on sustainable growing practices and operates facilities for producing high-quality cannabis for medical applications. In addition to medicinal cannabis, Greenfern develops hemp-based wellness and skincare products, targeting both domestic and international markets. The company is headquartered in Hawera, New Zealand, and its shares are listed on the NZX.

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