Progressive Planet Announces Q2 Revenue and Net Income

About this update from Progressive Planet Solutions Inc.

Progressive Planet Announces Q2 Revenue and Net Income /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire KAMLOOPS, BC, Dec. 18, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide highlights for the second quarter ended October 31, 2025. Financial Highlights include the following when compared to the second quarter of the prior year: Net income increased for Q2 at $971,895 versus $623,498 for the prior Q2.EBITDA for Q2 of $1,446,716 versus $902,642 for prior Q2 (a 60% increase).Revenue for Q2 decreased by 9.2% to $4,964,201 from $5,468,559.Revenue for the first six months increased to $10,878,388 versus $10,140,339.Gross Margins in Q2 were 38.1% versus 38.6% in the prior year.Order Backlog increased by 238% in Q2 to $1,389,735 from $583,679 in 2024.In a prior shareholder update news release dated October 14, 2025, the Company stated the following: "Progressive Planet will be temporarily shutting down three of its four production lines in intervals to prepare for the November production of the new SKUs. In addition, this shutdown will be used to install the new robotic palletizer which arrived this summer. The new robotic palletizer will concurrently palletize products made from our two largest production lines. This planned shutdown will result in some production and sales that would otherwise occur in October 2025 to occur in November 2025, the start of our third quarter. Progressive Planet anticipates that its backlog of purchase orders will be larger than normal at the end of Q2 (October 31, 2025)." Progressive Planet's order backlog is typically converted to sales within six weeks of receipt of the purchase orders which make up the backlog. While revenue for Q2 was lower than the prior Q2, Progressive Planet received the highest monthly purchase orders in October 2025 since the acquisition of Absorbent Products in February 2022. Purchase orders received in October 2025 exceeded $2.7 million.  The record monthly purchase order total in October 2025 was partially related to the introduction of two new SKUs into the US market with the uptake...

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