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Progressive Planet Announces Record Annual Net Income and Cash Flow

KAMLOOPS, BC, Aug. 21, 2025 /CNW/ - Progressive Planet (TSXV:PLAN) (OTCQB:ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide highlights for the fiscal year ending on April 30, 2025.

Financial Highlights include the following:

Net income increased to $1,669,591, compared to a loss of $392,832 for the prior year,

Income from operations was $1,787,613, a 164% increase compared to operating income of $678,035 generated in the prior year,

EBITDA increased to $3,224,723, compared to $1,355,099 for fiscal 2024 (a 138% increase),

Revenue decreased by 0.6% to $19,518,077,

Gross profit increased by 0.9% to $6,063,780,

Gross margin increased to 31.1% compared to 30.6% in the prior year,

Cash flow generated from operating activities was $5,099,865 compared to $2,572,048 in the prior year, and,

The Company's cash balance increased to $5,428,513 compared to $1,685,806 ...