Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF) announced that its second quarter 2025 saw improvements in revenue, gross profit, gross profit percentage, funds used in operations and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
The manufacturer and seller of proprietary fertilizer products attributed the results to higher sales volumes, stronger pricing spreads and lower selling and general and administration expenses compared with the same quarter last year.
Replenish Nutrients said its revenue for the period increased $0.6 million, while its gross profit percentage rose by 6 percentage points.
The company also noted that it is well poised to continue these positive trends in the coming quarters as it completes commissioning at the Beiseker facility and moves into its busiest sales period of the year late in the third quarter and into the fourth quarter.
As well, Replenish Nutrients reported that it has closed its previously announced debt and equity financings for a total of about $5.6 million, which is expected to support the final upgrades and commissioning of the Beiseker granulation facility.
Furthermore, the company said it has been in discussions with certain counterparties to develop a pelletized version of its patented and proprietary fertilizer as well as a potential licensing deals to distribute its granulated and pelletized products.
Replenish Nutrients added that it anticipates announcing further updates on these discussions in the coming weeks and months as formal agreements are put in place.
The company expects these final agreements will not result in any significant capital outlays and will provide it with meaningful incremental margins and cash flows within the next year.