Verde Agritech Plc Q3 2026 Earnings Recap

Verde AgriTech’s shares were unchanged after earnings. Results showed sharply lower sales and volume, while management is targeting roughly breakeven EBITDA or cash flow over the next 12 months rather than near-term growth.

Key Takeaways

• Q3 revenue fell to CAD 3.5 million from CAD 5.9 million a year earlier; sales volume declined to 40,000 tons from 85,000.
• Gross profit per ton was CAD 23, versus CAD 25 last year. Excluding freight, gross margin fell to 46% from 60%, which management attributed largely to lower volume.
• Cash EBITDA was negative CAD 700,000, compared with positive CAD 200,000 a year earlier. Net loss widened to CAD 3.1 million from CAD 2.1 million.
• SG&A declined about 11% year over year. Management plans a CAD 3 million cost-saving program for next year and expects further expense improvements from Q1.
• The company reported CAD 4.7 million in cash and CAD 4.1 million in trade and other receivables at September 2026.