Mene (MENE) Q4 2025 earnings summary

Executive summary

• Disruptive direct-to-consumer jewelry brand focused on pure 24K gold and platinum, leveraging technology and transparency to redefine jewelry as adornment and investment.

• Vertically integrated operations spanning technology, design, manufacturing, fulfillment, and customer support, with global reach across 65+ countries and no physical stores.

• Founder-led management with significant insider ownership (78%), emphasizing long-term value creation for customers and shareholders.

• Achieved first full fiscal year of positive net income, marking a significant operational milestone.

• Annual revenue grew 11% year-over-year to $28.6 million (IFRS), with adjusted revenue at $33.5 million.

Financial highlights

• Q4 2025 gross profit reached $3.8M CAD, with average order value at $3,169 CAD.

• Revenue for Q4 2025 was $9.7M CAD, marking a steady increase from $4.3M CAD in Q2 2023.

• Q4 net income reached $1.6 million; annual operating income was $0.9 million, a 168% improvement year-over-year.

• Annual gross profit was $8.8 million, with a gross margin of 31%, up $1.3 million year-over-year.

• Cash position strengthened by 40% to over $10 million at year-end.

Outlook and guidance

• Plans to elevate omni-channel experience with selective retail expansion in top markets.

• Focus on building brand awareness, capturing global market share, and ongoing product innovation.

• Long-term sales and profitability to be driven by price optimization and exceptional customer service.

• Focus for 2026 and beyond will be on brand development and creative expression, with continued investment in marketing and customer experience.

• Strategic initiatives to drive sustained sales growth in the U.S. market will continue into 2027.