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IM Cannabis (IMCC) investor relations material
IM Cannabis Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue remained stable at $13.9 million, matching Q3 2024 levels.
Gross profit declined 13% year-over-year to $2.7 million, with gross margin dropping to 20% from 23%.
Net loss increased to $3.9 million in Q3 2025, primarily due to a $3.1 million one-time goodwill and intangible asset impairment.
Management highlighted ongoing transition and strategic review, with regulatory uncertainty in Germany potentially impacting future sales.
Financial highlights
Revenue for the first nine months of 2025 was $39 million, down from $40.7 million in the same period of 2024.
Non-IFRS Adjusted EBITDA loss widened to $0.6 million in Q3 2025 from $0.2 million in Q3 2024.
Operating expenses rose 68% year-over-year to $6.9 million, mainly due to the impairment charge.
Cash and restricted cash increased to $2.3 million as of September 30, 2025, from $0.9 million at year-end 2024.
Outlook and guidance
Management is assessing new business activities to broaden growth avenues and support long-term value creation.
Regulatory changes in Germany are expected and may negatively affect market conditions, with the impact still uncertain.
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