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THS Maple Holdings Ltd. (YAY) Reports Financial Results for Q3 Fiscal Year 2025
Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - THS Maple Holdings Ltd.  (TSXV: YAY)&#x...
About this update from Ths Maple Holdings Ltd
[{"type":"text","content":"THS Maple Holdings Ltd. (YAY) Reports Financial Results for Q3 Fiscal Year 2025Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - THS Maple Holdings Ltd. (TSXV: YAY) (the \"Company\" or \"THS\"), a leading producer and global distributor of maple syrup and maple-flavoured products, today announced its financial and operational results for the three-month period ended March 31, 2025. The Company continues to focus on executing strategic initiatives, improving operational efficiencies, and expanding its market presence.Financial Performance Highlights3 Months Ended9 Months EndedMarch 31, 2025February 29, 20241March 31, 2025February 29, 20241Sales$2,769,707$1,809,618$10,283,015$7,800,188Cost of Sales$2,235,705$1,558,433$8,001,285$6,327,406Gross Profit$534,002$251,185$2,281,730$1,472,782Selling Expenses$363,357$224,957$1,042,872$766,514Administrative Expenses$580,085$459,506$1,768,446$1,569,873Operating Income (Loss)$(409,440)$(433,278)$(529,588)$(863,605)Loss on settlement of debt---$911,314Finance costs and Other Income$178,227$216,887$476,090$825,720Income Tax Expense--$136$138,910Pre-tax Income (Loss)$(587,667)$(650,165)$(1,005,814)$(2,739,549)Net Income (Loss) per share$(0.010)$(0.025)$(0.017)$(0.110) 1. Comparative Period for 2024 reflects the recent change in fiscal year end.Key Financial HighlightsRevenue Growth Over Nine Months: Sales for the nine-month period ended March 31, 2025, grew 32% year-over-year to $10.3 million, up from $7.8 million in the prior year. For the three-month period ended March 31, 2025, sales grew 53% year-over-year to $2.8 million, compared to $1.8 million in the same period last year.Gross Profit Margin Improvement Over Nine Months, opportunity to further strengthen margins: The nine-month gross profit margin improved to 22.2%, up from 18.9% in the prior year, reflecting increased sales volume and operational efficiencies. In Q3, gross profit margin increased to 19.3% from 13.9%, due to significant sales volume increase during this period but remains below the Company's expectation as it was negatively affected by the low supply of certain categories of maple syrup causing the Company to use more expensive organic syrup for some orders.Lower Finance Costs (including Other Income) and Debt Optimization: Finance costs for Q3 were $178,227, down from $216,887 in the prior-year quarter,...