Mene (MENE) Q4 2025 earnings summary

Executive summary

• 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.

• Fourth quarter revenue increased 7% year-over-year to $9.7 million, with gross profit margin rising to 39%.

• Operational restructuring delivered over $600k in cost savings and improved fulfillment times by 18%.

• Surpassed $350 million in total jewelry held by clients in early 2026.

Financial highlights

• 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.

• Adjusted EBITDA for the year was $2 million, a 159% increase over the prior year.

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

Outlook and guidance

• 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.