Replenish Nutrients Holding (ERTH) Q3 2025 earnings summary

Executive summary

• Achieved key hourly production rates at the Beiseker facility, entering final commissioning phase.

• Signed major licensing agreements with FUE in the U.S. Midwest and MJ Ag Solutions in Northern Alberta, expanding market reach and revenue streams.

• Strategic focus on scaling regenerative fertilizer production and leveraging high-value licensing partnerships.

Financial highlights

• Revenues decreased by $0.1 million for the quarter and $0.5 million for the nine months year-over-year, mainly due to lower sales volumes and power segment performance.

• Gross profit declined by $0.2 million, with gross profit percentage down 7 points for the quarter and 3 points for the nine months compared to last year.

• Net loss increased by $3.2 million for the quarter and $2.9 million for the nine months, primarily due to a prior-year one-time non-cash gain.

• Cash flows used in operating activities rose by $0.5 million for the quarter and $1.3 million for the nine months, offset by improved funds from operations of $0.6 million year-to-date.

Outlook and guidance

• Expects revenue and margin improvements in Q4 with increased granulated and blended fertilizer sales.

• Anticipates acceleration of positive trends in 2026 as Beiseker facility reaches full production and licensing partners begin operations.

• Additional financing for the DeBolt facility is underway to support further expansion.