Else Nutrition Reports 2025 First Quarter Financial Results and Provides Business Update

Conference call to be held today at 10:00 AM Eastern Time

VANCOUVER, BC, Aug. 21, 2025 /PRNewswire/ - ELSE NUTRITION HOLDINGS INC. (TSX:BABY) (OTCQX:BABYF) (FSE: 0YL.F) ("Else" or the "Company"), today reported financial results for the 2025 first quarter ended March 31, 2025. The financial statements and MD&A are available on SEDAR under the Company's profile.

2025 First Quarter Financial ResultsAll figures are in CAD unless otherwise indicated.

Revenue for the first quarter of 2025 was $2.1 million, the same level as the first quarter of 2024.

Operating expenses for the first quarter of 2025 were $2.2 million, a decrease of 48% compared to $4.2 million for the first quarter of 2024.

Gross profit for the first quarter of 2025 increased to $0.5 million, compared to $0.18 million for the first quarter of 2024.

Gross profit margin for the first quarter of 2025 increased significantly to 25%, compared to 8% in the first quarter of 2024.

Cash balance as of March 31, 2025, was $0.2 million (including restricted cash).

"As we entered 2025, we continued reshaping Else Nutrition—implementing strategic changes essential to long-term success," commented Hamutal Yitzhak, CEO & Co-Founder of Else Nutrition. "Despite the lingering headwinds from 2024, we held revenue steady while significantly reducing operating expenses and driving a sharp improvement in gross profit. We are now operating with more discipline, sharper focus, and growing confidence in our direction. We've made tough but necessary decisions to realign our structure and ...