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Above Food Ingredients Inc. Provides Update on Fiscal 2025 Audit and Raises Fiscal 2026 Profit Guidance to over $40 Million
Newsfileยท 2025-12-12 12:05
Core Insights - Above Food Ingredients Inc. is progressing well with its audit for the fiscal year ending January 31, 2025, despite some delays due to illness-related challenges within the audit team [1][2] - The company has raised its profit guidance for fiscal 2026 to over $40 million, up from a previous expectation of $30 million, indicating strong financial performance [3] Audit Progress - The audit is expected to be completed shortly after the new year, with the company applying for a 180-day extension from Nasdaq due to the delays [2] - The strong working relationship with auditors has been emphasized, highlighting their sector expertise [1] Financial Performance - Above Food anticipates a significant increase in profit for fiscal 2026, projecting over $40 million, which reflects a 33.33% increase from the earlier forecast of $30 million [3]