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Progressive Planet Announces Record Annual Net Income and Cash Flow
Progressive Planet Announces Record Annual Net Income and Cash Flow Canada NewsWire ...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n\n\n\n Progressive Planet Announces Record Annual Net Income and Cash Flow\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n KAMLOOPS, BC\n \n\n ,\n \n\n Aug. 21, 2025\n \n\n /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (\"Progressive Planet\", \"PLAN\", or the \"Company\") is proud to provide highlights for the fiscal year ending on\n \n April 30, 2025\n \n .\n \n\n\n\n\n\n\n\n\n\n Financial Highlights include the following:\n \n\n\n\n\n Net income\n \n increased to\n \n $1,669,591\n \n , compared to a\n \n loss\n \n of\n \n $392,832\n \n for the prior year,\n \n\n\n\n\n Income\n \n\n from operations\n \n was\n \n $1,787,613\n \n , a 164% increase compared to operating income of\n \n $678,035\n \n generated in the prior year,\n \n\n\n\n\n EBITDA\n \n increased to\n \n $3,224,723\n \n , compared to\n \n $1,355,099\n \n for fiscal 2024 (a 138% increase),\n \n\n\n\n\n Revenue\n \n decreased by 0.6% to\n \n $19,518,077\n \n ,\n \n\n\n\n\n Gross profit\n \n increased by 0.9% to\n \n $6,063,780\n \n ,\n \n\n\n\n\n Gross\n \n\n margin\n \n increased to 31.1% compared to 30.6% in the prior year,\n \n\n\n\n\n Cash flow\n \n generated from operating activities was\n \n $5,099,865\n \n compared to\n \n $2,572,048\n \n in the prior year, and,\n \n\n\n\n The Company's\n \n cash\n \n balance increased to\n \n $5,428,513\n \n compared to\n \n $1,685,806\n \n in the prior year.\n \n\n\n The last year saw the Company continue its focus on controlling costs which resulted in strong cash flow and net income relative to the year prior. Annual revenues have been flat for the last two years.\n \n\n The Company intends to release its Q1 financial results early, on or before\n \n September 11, 2025\n \n . With the close proximity of the annual results release today and the impending release of Q1 results, the Company will schedule an earnings call covering both the annual results and the Q1 results. The earnings call details will be included in the news release announcing Q1 results.\n \n\n Certain...