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MustGrow Biologics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary26 Nov, 2025
Executive summary
Q3 2025 was a seasonally light quarter with CAD 800,000 in sales, all from NexusBioAg, compared to no revenue in Q3 2024.
Gross profit reached CAD 180,555, with a margin of 22.9%, up from 20.9% in Q2 2025.
Q3 is typically a low revenue period due to the agricultural cycle in Canada.
Management anticipates stronger sales in Q4 2025 and Q1 2026, with significant demand for TerraSate and a positive outlook for 2026.
Financial highlights
Gross margin improved to 22.9% in Q3, up from 15.9% in the first half and 20.9% in Q2.
Net loss for Q3 was CAD 2.4 million, down from CAD 2.7 million in the first half; year-to-date net loss is CAD 5.2 million.
Year-to-date sales revenue reached CAD 7.4 million, with a gross profit of CAD 1.3 million and a gross margin of 17.7%.
Cash and equivalents totaled CAD 3.3 million as of September 30, 2025; inventory stood at CAD 1.9 million.
Outlook and guidance
Q4 2025 is expected to be the strongest quarter, with TerraSate inventory replenished and sales ramping up.
2026 is projected to be an excellent year, with strong demand anticipated for TerraSate and new product launches.
Cash flow break-even is targeted for next year, contingent on achieving sales of CAD 20–30 million, depending on product mix.
Focus remains on growing revenue through NexusBioAg in Canada and TerraSate biofertility sales in the U.S.
Q4 and Q1-2026 sales growth strategy
Proprietary product commercialization strategy
Capital allocation for NexusBioAg vs. TerraSante
Terra Sate 2026 inventory and marketing plan?
Terra MG commercialization strategy post-registration?
2026 cash flow break-even strategy amid headwinds?
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Next MustGrow Biologics earnings date
Q4 202511 Mar, 2026
Next MustGrow Biologics earnings date
Q4 202511 Mar, 2026
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