Highlights
BABY's revenue held steady at CAD 2.1 million, consistent with Q1 2024.
Operating expenses declined by 48% year-over-year to CAD 2.2 million.
Gross profit rose to CAD 0.5 million, with margin improving to 25%.
Else Nutrition Holdings Inc. (TSX:BABY) (OTCQX:BABYF) (FSE:0YL.F), a food and nutrition company focused on plant-based products, announced its financial results for the first quarter ended March 31, 2025.
For the quarter, revenue was reported at CAD 2.1 million, unchanged from the same period in 2024. Despite flat revenues, the company recorded a sharp reduction in operating expenses, which decreased 48% to CAD 2.2 million compared to CAD 4.2 million in the prior year’s first quarter.
Gross profit rose to CAD 0.5 million in the first quarter of 2025, up from CAD 0.18 million in the prior-year quarter. This translated into a gross profit margin of 25%, a significant increase compared to the 8% margin reported in Q1 2024.
Else Nutrition ended the quarter with a cash balance of CAD 0.2 million, including restricted cash.
Financial Overview
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Revenue: CAD 2.1 million (Q1 2025), flat compared to Q1 2024.
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Operating Expenses: CAD 2.2 million, down from CAD 4.2 million in Q1 2024.
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Gross Profit: CAD 0.5 million, compared to CAD 0.18 million in the prior year.
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Gross Margin: 25% versus 8% a year earlier.
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Cash Balance: CAD 0.2 million as of March 31, 2025, inclusive of restricted cash.
Context
The results show Else Nutrition maintained revenue levels while achieving substantial cost reductions year-over-year. The improved operating profile contributed to higher gross profit and margin expansion during the quarter.
Else Nutrition continues to operate in the food and nutrition sector with a focus on plant-based products for infants, toddlers, children, and adults.