KELOWNA, BC — March 2, 2026 — Leads & Copy — Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) released its financial results for the fiscal year ended November 30, 2025 (“FY 2025”). The company reported record operating cash flow and recreational revenue growth.
Fiscal 2025 highlights include a gross revenue increase of 3% to a record $41.3 million. Net revenue remained stable at $35.9 million, compared to the fiscal year ended November 30, 2024 (“FY 2024”). The company achieved a $6.3 million improvement in gross profit, delivering $4.6 million in FY 2025 compared to a gross loss of $1.7 million in FY 2024. Additionally, the company reduced its net loss and comprehensive loss by 56% to $9.9 million, down from $22.6 million in FY 2024.
Net cash flows generated from operating activities increased to $5.7 million, up from $0.5 million in FY 2024. Adjusted EBITDA1 was $2.1 million. The Company repaid approximately $4.5 million of debt during FY 2025.
Recreational revenue increased 19% to $14.8 million, while domestic wholesale revenue generated $5.3 million in FY 2025, a 61% increase over FY 2024.
During FY 2025, the Company shipped over 5,000 kilograms internationally, with Germany emerging as Avant’s largest international market, accounting for more than 3,000 kilograms. The Company onboarded new clients in Australia, Germany, and the United Kingdom, initiating its first UK shipments in November 2025.
Within the premium dried flower segment (priced above $8.50 per gram), blk mkt™ secured the position as the #1 best-selling brand in both the 7-gram and 14-gram formats. blk mkt™ continues to experience significant demand in the pre-roll category, ranking as the #3 best-selling single-unit pre-roll brand overall in Ontario.
The Company fully repaid its $9.5 million amended and restated convertible debenture.
Avant is focused on capitalizing on its current momentum to drive further value in Fiscal 2026 (“ FY 2026 “) by optimizing international channels, increasing cultivation output, and driving margin expansion.
Q4 2025 Financial Highlights (vs. Q4 2024): Gross revenue: $11.2 million (-7%). Net revenue: $9.4 million (-15%). Recreational revenue: $6.4 million (+114%). Export wholesale revenue: $2.5 million (-66%). Domestic wholesale revenue: $0.8 million (+59%). Gross profit increased to $1.5 million, compared to a gross loss of $1.8 million in Q4 2024.
Cannabis Production: 2,432 KG (-13%). Cannabis Sales: 2,876 KG sold (-42%).
Fiscal Year 2025 Financial Highlights (vs. Fiscal Year 2024): Gross Revenue: $41.3 million (+3%). Net Revenue: $35.9 million (0%). Net Recreational revenue: $14.8 million (+19%). Export wholesale revenue: $15.5 million (-20%). Domestic wholesale revenue: $5.3 million (+61%).
Cannabis Production: 12,316 KG (-3%). Cannabis Sales: 12,422 KG sold (-8%).
Duane Lo will be stepping down from the Company’s Board of Directors effective March 3, 2026.
Norton Singhavon, Founder & CEO of Avant Brands commented, Fiscal 2025 marked the moment Avant’s operational discipline met its brand potential.
1Adjusted EBITDA is a non-GAAP performance measure.
Source: Avant Brands Inc.
