Logotype for Mene Inc

Mene (MENE) investor relations material

Mene Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Mene Inc
Q4 2024 earnings summary30 May, 2025

Executive summary

  • Achieved IFRS revenue of $9.1M in Q4 2024, up 33% year-over-year; annual IFRS revenue reached $25.8M, up 11% year-over-year.

  • Gross profit margin improved to 31% for both Q4 and full year; annual gross profit was $7.5M, up $1.6M year-over-year.

  • Non-IFRS adjusted revenue for FY 2024 was $30.5M; non-IFRS adjusted income was $1.1M.

  • Operational restructuring completed, focusing on leaner inventory, in-house operations, and cost savings.

  • Strategic focus shifted to US market, with new PR partnerships and retail collaborations, including Dover Street Market and Huntsman.

Financial highlights

  • Q4 gross profit of $2.8M, up $1.2M year-over-year; total comprehensive loss of $0.3M, increased by $1.4M year-over-year.

  • Operating loss for FY 2024 was $1.3M; total comprehensive loss was $0.03M.

  • Sold 25,198 jewelry units in FY 2024, totaling 218 kg; average order value increased 36%, but number of orders decreased 18%.

  • Inventory balance at year-end was 91 kg of gold.

Outlook and guidance

  • Expect tangible benefits from operational restructuring to begin mid-2025.

  • Focus for 2025–2026 is on sustained sales growth in the US and increasing new customer acquisition.

  • Plans to expand retail partnerships and enhance customer experience through website improvements and creative assets.

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