Delivra Health Brands Inc. (TSX-V:DHB, OTCQB:DHBUF) announced that its first quarter fiscal 2026 net revenue rose 1% year over year to C$3.21 million, due primarily to an 8% increase in sales of Dream Water and a 9% improvement in LivRelief Non-Infused revenue.
The consumer-packaged goods company also posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter of C$56,000, up from C$16,000 during the same period last year, driven by higher sales volume and lower sales and marketing expenses.
"Our first quarter results reflect the continued strength of our core business, led by significant growth in Dream Water sales across both Canadian and US markets, as well as delivering strategic e-commerce performance for both Dream Water and LivRelief," Delivra Health CEO Gord Davey said in a statement.
"Overall, Delivra Health continues to achieve its goals - growing revenues, maintaining positive Adjusted EBITDA, and strengthening the foundation for sustainable long-term performance."
The company saw its Dream Water e-commerce increase 74% year over year in Q1, along with a 16% improvement in LivRelief e-commerce.
Davey also noted that in the second half of fiscal 2026, the company will execute new launches with strategic customers that will add more depth and market coverage to Delivra's existing portfolio of accounts.
The CEO expects this will accelerate the company’s strategy of securing new retail partners and expanding Delivra Health Brands' customer base.