Simply Solventless Concentrates (HASH) Q4 2025 earnings summary

Executive summary

• Audited annual financials for 2025 filed, with Q1 2026 financials expected by August 28, 2026.

• Undergoing restructuring under CCAA since February 2026, aiming for improved revenue, reduced debt, and lower costs.

• Management cease trade order (MCTO) extended to August 28, 2026, restricting management trading until filings are complete.

Financial highlights

• Net revenue increased 369% year-over-year, from $6.19 million in 2023 to $29.06 million in 2025.

• Estimated debt reductions of up to $19.9 million and annual cost reductions of up to $7.1 million.

Outlook and guidance

• Focus on driving operating and free cash flow from two main business units: cultivation (Humble Grow Co.) and manufacturing (ANC Inc.).

• Further yield and quality improvements expected at Humble through new genetics and enhanced controls.

• Initial restructuring impacts to be reflected in Q3 2026 financials if completed by September 30, 2026.