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ALUULA Reports Third Quarter 2025 Financial Results
Newsfileยท2025-09-23 19:29

Core Viewpoint - ALUULA Composites Inc. reported strong financial results for Q3 2025, driven by increased market demand for its ultra-light, high-performance composite materials, and announced a leadership change in its financial team [1][2][14]. Financial Performance - Q3 2025 sales reached CAD 2,121,588, a 64% increase from CAD 1,291,938 in Q3 2024 [5]. - Year-to-date (YTD) sales for Q3 2025 totaled CAD 4,956,794, reflecting a 6% increase compared to CAD 4,692,368 in YTD Q3 2024 [9]. - Gross margins for Q3 2025 were 41%, within the target range of 40%-45%, and improved from 38% in Q3 2024 [9]. - Open sales orders were approximately CAD 3 million as of July 31, 2025, representing a 245% increase compared to October 31, 2024 [9]. Sales Channel Performance - Sales in the performance outdoor channel increased by 61%, while the commercial industrial channel saw a 106% increase compared to Q3 2024 [5]. - Specific vertical markets within the performance outdoor channel experienced significant growth: - Windsport vertical market sales grew by 62% - Pack and bag vertical market sales increased by 68% - Sailing vertical market sales rose by 22% [5]. Cost Management - Operating expenses excluding non-cash share-based compensation were CAD 963,902 in Q3 2025, down from CAD 1,517,321 in Q3 2024, a decrease of CAD 553,419 [9]. - Share-based compensation increased to CAD 586,431 in Q3 2025 from CAD 57,922 in Q3 2024, primarily due to modifications in stock option grants [9]. Leadership Change - Briony Bayer announced her resignation as CFO, effective October 31, 2025, and will continue as a consultant and board member [14]. - Dale Graham, the current Director of Finance, will assume the CFO role starting November 1, 2025 [15]. Strategic Focus - The company is committed to sustainable innovation and aims to enhance its market share and revenue through targeted outreach in high-growth markets such as wind power and defense shelters [8][10]. - ALUULA is advancing its manufacturing capabilities and expanding its intellectual property portfolio to support future growth [11][12].