Progressive Planet Solutions (PLAN) Q3 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2025 earnings summary
22 Jan, 2026Executive summary
Achieved profitability in Q3 with continued growth in cash position, supported by operational cash flow and grant funding.
Highest cash on hand ever reported, ending at $4.8M as of January 31, 2025.
Received $1.56M in grant funding for a pilot plant during the quarter.
Financial highlights
Revenue decreased 1% year-over-year to $4.78M in Q3 fiscal 2025.
Gross profit declined 13% to $1.36M compared to Q3 last year.
EBITDA was $422K, down from $732K in the prior year period.
Net income was $114.8K, compared to $348.7K in Q3 last year.
Cash balance increased by $1.87M during the quarter.
Outlook and guidance
Robotic investments commenced in the quarter; cost savings expected in Q3 of next year when operational.
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