Business
Above Food Ingredients Inc. Provides Update on Fiscal 2025 Audit and Raises Fiscal 2026 Profit Guidance to over $40 Million
Regina, Saskatchewan--(Newsfile Corp. - December 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food" or the "Company") is pleased to announce that its audit for the fiscal year ended January 31, 2025, is progressing well towards completion. The Company is encouraged by the strong working relationship with its auditors, whose sector expertise has been highly valued by both management and the Board of Directors.While the audit has advanced positively, the timetable has been...
About this update from Above Food Ingredients Inc.
[{"type":"text","content":"Regina, Saskatchewan--(Newsfile Corp. - December 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food" or the "Company") is pleased to announce that its audit for the fiscal year ended January 31, 2025, is progressing well towards completion. The Company is encouraged by the strong working relationship with its auditors, whose sector expertise has been highly valued by both management and the Board of Directors.","length":450,"tagName":"p"},{"type":"text","content":"While the audit has advanced positively, the timetable has been impacted over the past several weeks by unavoidable illness-related resourcing challenges faced by the team. Taking into account the upcoming holiday season, Above Food now anticipates that the audit will be completed shortly after the new year. The Company has notified Nasdaq accordingly and has applied for the 180-day extension available to it under applicable regulations.","length":441,"tagName":"p"},{"type":"text","content":"In parallel, Above Food continues to work closely with its auditors and advisors as part of its ongoing restructuring process. The Company looks forward to sharing the positive outcomes of this transformative initiative in the near future. As Above Food approaches the final month of its fiscal year ending January 31, 2026, the Company is pleased to report that expected profit is now projected to exceed $40 million, representing a significant increase from the previously announced expectation of $30 million.","length":512,"tagName":"p"},{"type":"text","content":"About Above Food Ingredients Inc.Above Food Ingredients Inc. (NASDAQ: ABVE) is an agricultural and food technology company whose vision is to create a healthier world — breaking the cycle of world hunger, one seed, one field, and one bite at a time. Above's robust chain of custody of plant proteins and proprietary seed development capabilities, leverage the power of artificial intelligence-driven genomics and agronomy, and together with Palm's financial technologies will help to break the global cycle of hunger.","length":526,"tagName":"p"},{"type":"text","content":"Cautionary Statement Regarding Forward-Looking StatementsThis press release may contain "forward-looking information" within the meaning of the United States federal securities laws and applicable Canadian se...