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Rubicon Organics Reports Q2 2025 Financial and Operating Results
Globenewswire· 2025-08-18 10:30
Core Insights - Rubicon Organics Inc. reported record-breaking financial results for Q2 2025, achieving net revenue of $15.0 million, a 24% increase year-over-year, and a year-to-date (YTD) net revenue of $27.4 million, reflecting a 30% increase compared to the same period last year [3][8][9] Financial Performance - The company generated Adjusted EBITDA of $1.4 million for Q2 2025 and $2.1 million for the first half of 2025, marking positive Adjusted EBITDA for five consecutive quarters [3][9] - Operating profit reached $1.0 million for Q2 2025, with a net profit of $0.8 million, compared to a net loss of $0.5 million in the same quarter of the previous year [3][21] - Gross profit before fair value adjustments was $5.1 million for Q2 2025, with a gross profit margin of 34.2%, up from 30.2% in Q2 2024 [21] Production and Capacity Expansion - The acquisition of the Hope Facility was completed, increasing total production capacity by over 40%, bringing the total annual capacity to 15,500 kg of premium cannabis [8][12] - The Delta Facility is fully operational with an annual production capacity of 11,000 kg, and the company is focused on improving yield and quality [11][12] Market Position and Brand Strategy - Rubicon Organics holds a national market share of 5.2% in premium flower and pre-rolls, 15.1% in resin vapes, and 26.2% in premium edibles [9] - The company emphasizes its commitment to quality and innovation, with a focus on expanding its genetic portfolio and launching new products under its trusted brands [6][18] Future Outlook - The company anticipates continued growth in net revenue and Adjusted EBITDA for 2025, despite expected one-time costs associated with the Hope Facility [20] - Rubicon Organics aims to meet increasing domestic and international demand for premium cannabis while maintaining its focus on brand loyalty and consumer trust [10][14]