MTL Cannabis Reports Q4 and Record Full Year 2025 Financial Results Driven by $105.2M of Revenue, $21.7M of EBITDA, and $18.2M of Cash Flows from Operations
PICKERING, ON, July 21, 2025 /CNW/ - MTL Cannabis Corp. (CSE:MTLC) (OTCQX:MTLNF) ("MTL" or the "Company") is pleased to report it has filed the annual financial statements for the year ending March 31, 2025. Complete details may be found at www.sedarplus.ca.
Full Year Consolidated Financial Highlights for MTL:
Income Statement:
Revenue of $105,239,109, an increase of $22,175,221, or 27%, compared to $83,063,888 in the prior year.
Gross margin before fair value adjustments of 55%, an increase of 9%, compared to 46% in the prior year.
Operating Income of $16,051,858, an increase of $11,439,188, or 248%, compared to $4,612,670 in the prior year.
Net Income and Comprehensive Income of $6,826,256, an increase of $4,376,733, or 179%, compared to $2,449,523 in the prior year.
EBITDA(1) of $21,722,218, an increase of $12,495,154, or 135%, compared to $9,227,064 in the prior year.
Adjusted EBITDA(1) of $20,266,508, an increase of $7,622,341, or 60%, compared to $12,644,167 in the prior year.
(1) See "Non-IFRS financial measures" section for reconciliation of EBITDA and Adjusted EBITDA.
Statement of Cash Flows:
Net cash inflows from operating activities of $18,230,108, an increase of $4,499,228, or 32%, compared to $13,780,880 in the prior year.
Net cash used in investing activities of ($5,484,584), an increase of ($3,273,646), compared to ($2,210,938) in the prior year.
Net cash used in financing activities of ($8,416,701), a decrease of $2,238,657, compared to ($10,655,358) in the prior year.
Overall net cash increased to $5,680,958, an increase of $4,328,823, or 320%, compared to $1,352,135 at the beginning of the fiscal year.
Additionally, the company was able to demonstrate retained earnings of $5,705,091, an increase of $6,319,256, or 1029%, compared to an accumulated deficit of ($614,165) in the prior year.
Management Commentary:
"We've entered a new era at MTL as we move from building the foundation to achieving record-breaking results," said Michael Perron, CEO of MTL. "This achievement reflects the dedication of our people, the strength of our disciplined operating model, and our team's ability to execute at a high level. We have built a strong and scalable platform, and at the core of it all is an unwavering commitment to delivering the highest quality products and services to our patients and customers. I am deeply grateful to the entire MTL team for making that possible."
