Core Viewpoint - Else Nutrition Holdings Inc. reported steady revenue while significantly reducing operating expenses and improving gross profit in the first quarter of 2025, indicating a strategic shift towards long-term success and operational efficiency [3][6]. Financial Performance - Revenue for Q1 2025 was CAD 2.1 million, unchanged from Q1 2024 [6]. - Operating expenses decreased by 48% to CAD 2.2 million in Q1 2025 from CAD 4.2 million in Q1 2024 [6]. - Gross profit increased to CAD 0.5 million in Q1 2025, up from CAD 0.18 million in Q1 2024 [6]. - Gross profit margin improved significantly to 25% in Q1 2025, compared to 8% in Q1 2024 [6]. - Cash balance as of March 31, 2025, was CAD 0.2 million, including restricted cash [6]. Strategic Initiatives - The company is shifting towards manufacturing powder formulas in Europe to reduce production costs and improve gross margins [3]. - A reevaluation of the retail distribution model is underway, focusing on higher-potential partnerships and a data-driven go-to-market approach [3]. - The company is committed to advancing access to plant-based infant nutrition through initiatives like Operation Stork Speed and the FY2026 Agriculture Appropriations Bill [3]. Future Outlook - The remainder of 2025 is seen as crucial for implementing changes to strengthen the business, deepen retail partnerships, and expand global manufacturing capabilities [3]. - The company is exploring strategic collaborations that align with its mission to deliver innovative nutrition solutions [3].

Core Viewpoint - Else Nutrition Holdings Inc. is set to host a business update conference call on August 21, 2025, to discuss its financial results for Q1 2025 and corporate developments [1]. Company Overview - Else Nutrition Holdings Inc. is focused on developing innovative, clean, and plant-based food and nutrition products for various age groups, including infants, toddlers, children, and adults [4]. - The company offers a plant-based, non-soy formula as an alternative to dairy-based formulas, which has gained significant traction in the market [4]. - Since the launch of its Plant-Based Complete Nutrition for Toddlers, the brand has received numerous positive testimonials from parents and has achieved rapid sales growth [4]. Conference Call Details - The conference call will be accessible via telephone for U.S. callers at 1-877-407-9219 and for international callers at +1-412-652-1274 [2]. - A webcast of the call can be accessed through the company's Investor Relations website [2]. Replay Information - A replay of the conference call will be available on the Investor Relations section of the company's website until August 21, 2026 [3]. - Telephone replay will be available approximately three hours after the call until September 3, 2025, with specific access numbers provided for U.S. and international callers [3]. Awards and Recognition - Else Nutrition has received several awards, including the "2017 Best Health and Diet Solutions" at Milan's Global Food Innovation Summit and recognition as the 1 Best Seller on Amazon in the New Baby & Toddler Formula Category in Fall 2020 [7]. - The company’s products have been acknowledged for their quality, including the "Best Dairy Alternative" Award in 2021 and the Nexty Award Finalist status in 2022 [7].

Company Overview - Else Nutrition Holdings Inc. is focused on developing innovative, clean, and plant-based food and nutrition products for various age groups, including infants, toddlers, children, and adults [2] - The company offers a plant-based, non-soy formula as an alternative to dairy-based formulas, which has gained significant traction in the market [2] Recent Developments - The Toronto Stock Exchange has granted Else Nutrition an extension to hold its annual general meeting by September 30, 2025 [1] Product Performance - Since launching its Plant-Based Complete Nutrition for Toddlers, the brand has received numerous positive testimonials from parents and has achieved rapid sales growth [2] - Else Super Cereal reached the 1 Best Seller position in Baby Cereal across all brands on Amazon in September 2022 [6] Awards and Recognition - The company has received several awards, including the "2017 Best Health and Diet Solutions" award at Milan's Global Food Innovation Summit and the "Best Dairy Alternative" Award in 2021 at the World Plant-Based Expo [6]