FSI ANNOUNCES SECOND QUARTER, 2025 FINANCIAL RESULTS
Flexible Solutions International (NYSE Amex: FSI), a manufacturer of biodegradable polymers and environmental technologies, reported strong Q2 2025 financial results. Revenue increased 8% to $11.37 million compared to $10.53 million in Q2 2024. Net income rose significantly to $2.03 million ($0.16 per share) from $1.29 million ($0.10 per share) year-over-year.
The company's improved performance was primarily driven by research and development services sales, though this was partially offset by higher costs of goods and tariffs. The 6-month operating cash flow reached $4.25 million ($0.34 per basic share), up from $3.85 million in 2024. FSI is strategically relocating its legacy production to Panama while expanding its food grade business in Illinois.
Flexible Solutions International (NYSE Amex: FSI), produttore di polimeri biodegradabili e tecnologie ambientali, ha riportato solidi risultati finanziari per il secondo trimestre 2025. I ricavi sono cresciuti dell'8% a $11,37 milioni rispetto a $10,53 milioni nel Q2 2024. L'utile netto è aumentato significativamente a $2,03 milioni ($0,16 per azione) da $1,29 milioni ($0,10 per azione) su base annua.
La migliore performance è stata guidata principalmente dalle vendite di servizi di ricerca e sviluppo, parzialmente compensate da maggiori costi di produzione e da dazi. Il flusso di cassa operativo sui sei mesi ha raggiunto $4,25 milioni ($0,34 per azione base), in aumento rispetto a $3,85 milioni nel 2024. FSI sta trasferendo strategicamente la produzione storica a Panama mentre espande il business alimentare nello stato dell'Illinois.
Flexible Solutions International (NYSE Amex: FSI), fabricante de polímeros biodegradables y tecnologías ambientales, presentó sólidos resultados financieros del segundo trimestre de 2025. Los ingresos aumentaron un 8% hasta $11,37 millones frente a $10,53 millones en el Q2 de 2024. El ingreso neto creció notablemente a $2,03 millones ($0,16 por acción) desde $1,29 millones ($0,10 por acción) interanual.
La mejora en el desempeño estuvo impulsada principalmente por las ventas de servicios de investigación y desarrollo, aunque se vio parcialmente compensada por mayores costos de bienes y aranceles. El flujo de caja operativo a 6 meses alcanzó $4,25 millones ($0,34 por acción básica), frente a $3,85 millones en 2024. FSI está reubicando estratégicamente su producción heredada a Panamá y expandiendo su negocio de grado alimentario en Illinois.
Flexible Solutions International (NYSE Amex: FSI), 생분해성 폴리머 및 환경기술 제조업체가 2025년 2분기 견조한 실적을 발표했습니다. 매출은 8% 증가한 $11.37백만을 기록했으며, 이는 2024년 2분기의 $10.53백만에서의 증가입니다. 순이익은 연간 비교에서 $2.03백만($0.16 주당)으로 크게 늘었고, 이전의 $1.29백만($0.10 주당)에서 상승했습니다.
실적 개선은 주로 연구개발 서비스 매출에 힘입은 것이며, 다만 상품 원가 상승과 관세로 일부 상쇄되었습니다. 6개월 운영현금흐름은 $4.25백만($0.34 보통주당)로 2024년의 $3.85백만에서 증가했습니다. FSI는 기존 생산 시설을 전략적으로 파나마로 이전하는 한편 일리노이에서 식품 등급 사업을 확장하고 있습니다.
Flexible Solutions International (NYSE Amex: FSI), fabricant de polymères biodégradables et de technologies environnementales, a annoncé de solides résultats financiers pour le deuxième trimestre 2025. Le chiffre d'affaires a augmenté de 8% pour atteindre $11,37 millions contre $10,53 millions au T2 2024. Le résultat net a fortement progressé à $2,03 millions ($0,16 par action) contre $1,29 million ($0,10 par action) sur un an.
L'amélioration des performances a été principalement portée par les ventes de services de recherche et développement, partiellement compensées par des coûts de production et des droits de douane plus élevés. Les flux de trésorerie d'exploitation sur six mois ont atteint $4,25 millions ($0,34 par action de base), contre $3,85 millions en 2024. FSI transfère stratégiquement sa production historique au Panama tout en développant son activité destinée à l'alimentation dans l'Illinois.
Flexible Solutions International (NYSE Amex: FSI), ein Hersteller biologisch abbaubarer Polymere und Umwelttechnologien, meldete starke Finanzergebnisse für das 2. Quartal 2025. Der Umsatz stieg um 8% auf $11,37 Millionen gegenüber $10,53 Millionen im Q2 2024. Der Nettogewinn erhöhte sich deutlich auf $2,03 Millionen ($0,16 je Aktie) von $1,29 Millionen ($0,10 je Aktie) im Jahresvergleich.
Die verbesserte Performance wurde hauptsächlich durch den Verkauf von Forschungs- und Entwicklungsdienstleistungen getragen, teilweise jedoch durch gestiegene Produktionskosten und Zölle ausgeglichen. Der operative Cashflow über sechs Monate belief sich auf $4,25 Millionen ($0,34 je Stammaktie), nach $3,85 Millionen in 2024. FSI verlagert strategisch seine bisherige Produktion nach Panama und baut gleichzeitig das lebensmitteltaugliche Geschäft in Illinois aus.
- Revenue grew 8% year-over-year to $11.37 million in Q2 2025
- Net income increased 57% to $2.03 million, or $0.16 per share
- Operating cash flow improved to $4.25 million for first 6 months
- Strategic expansion with new Panama factory for international customers
- Diversification into food and nutrition supplement manufacturing markets
- Increased tariffs negatively impacting costs
- Soft sales reported in core business
- Higher cost of goods affecting margins
- Capital expenditure costs classified as expenses impacting current income
Insights
FSI's Q2 2025 shows 8% revenue growth and 57% earnings increase, driven by one-time R&D revenue amid production transitions and market challenges.
FSI's second quarter results reveal a 57% jump in net income to
The impressive earnings growth comes with important context - it's largely attributable to non-recurring R&D service revenue where expenses were recognized in previous quarters. This timing mismatch created an artificial boost to this quarter's profitability. Additionally, some costs related to the Panama factory buildout were classified as capital expenditures rather than expenses, further inflating quarterly earnings.
Looking at six-month operating cash flow, a more reliable metric, FSI generated
The company faces headwinds from increased tariffs and soft sales in their core business. However, they're executing a strategic transition - shifting legacy production to Panama for international customers while developing food-grade business in Illinois for the American market. This suggests a careful geographical realignment of manufacturing capabilities.
The NanoChem division and ENP subsidiary remain the primary revenue and cash flow drivers. Management highlighted a new contract with the R&D partner announced on August 11th, indicating potential for ongoing business relationships beyond the one-time research revenue recognized this quarter.
A CONFERENCE CALL IS SCHEDULED FOR FRIDAY, AUGUST 15, 2025, 11:00AM EASTERN TIME
SEE DIAL IN NUMBER BELOW
TABER, ALBERTA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. FSI is also increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces financial results for second quarter ended June 30, 2025.
Mr. Daniel B. O’Brien, CEO, states, “This was an unusual quarter due to the R&D revenue which only occurs intermittently. It is also important to know that the contract announced Aug 11 was with the same company that we did the R&D with.” Mr. O’Brien continues, “Q2 had headwinds in the form of tariff increases and soft sales but the Company made strong progress toward our goal of moving our legacy production to Panama for international customers while building our food grade business in IL to serve Americans.”
- Sales for the second quarter (Q2) were
$11,367,132 up approximately8% when compared to sales of$10,528,739 in the corresponding period a year ago. - Q2, 2025 net income was
$2,028,912 , or$0.16 per basic share compared to a net income of$1,289,796 , or$0.10 per basic share, in Q2, 2024. - The higher earnings reported for Q2, 2025 were largely due to research and development services sales where recognition of some related expenses occurred in previous quarters as work was performed. Furthermore some costs that were related to CAPEX were classified as expenses and are set against current income. Our costs related to the build out of the Panama factory is an example of this accounting effect. Contrarily, higher cost of goods, including higher tariffs, did have a negative effect on earnings.
- Basic weighted average shares used in computing earnings per share amounts were 12,647,532 and 12,450,532 for Q2, 2025 and Q2, 2024 respectively.
- Q2, 2025 Non-GAAP operating cash flow: The Company shows 6 months operating cash flow of
$4,253,875 , or$0.34 per basic share. This compares with operating cash flow of$3,853,907 , or$0.31 per basic share, in the corresponding 6 months of 2024 (see the table and notes that follow for details of these calculations).
The NanoChem division and ENP subsidiary continue to be the dominant sources of revenue and cash flow for the Company. Over the next several months, existing products made by NanoChem will begin production in Panama so that the new food grade products can begin production at the NanoChem plant in IL. Opportunities continue to unfold in detergent, water treatment, oil field extraction, turf, ornamental and agricultural use to further increase sales of these products. Most recently, opportunities in the food and nutrition supplement manufacturing markets have emerged.
CONFERENCE CALL
A conference call has been scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on Friday August 15th, 2025. CEO, Dan O’Brien will be presenting and answering questions on the conference call. To participate in this call please dial 1-888-999-5318 (or 1-848-280-6460) just prior to the scheduled call time. To join the call participants will be requested to give their name and company affiliation. The conference ID: SOLUTIONS and/or call title Flexible Solutions International – Second Quarter, 2025 Financials may be requested
The above information and following table contain supplemental information regarding income and cash flow from operations for the period ended June 30, 2025. Adjustments to exclude depreciation, stock option expenses and one time charges are given. This financial information is a Non-GAAP financial measure as defined by SEC regulation G. The GAAP financial measure most directly comparable is net income.
The reconciliation of each Non-GAAP financial measure is as follows:
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THREE MONTHS ENDED JUNE 30, 2025 AND 2024
(SIX MONTHS OPERATING CASH FLOW - UNAUDITED)
| 3 MONTHS ENDED JUNE 30 | ||||||||
| 2025 | 2024 | |||||||
| Revenue | $ | 11,367,132 | $ | 10,528,739 | ||||
| Income (loss) before income tax – GAAP | $ | 3,161,390 | $ | 1,990,684 | ||||
| Provision for Income tax – net - GAAP | $ | (1,016,156 | ) | $ | (558,251 | ) | ||
| Net income (loss) - GAAP | $ | 2,028,912 | $ | 1,289,796 | ||||
| Net income (loss) per common share – basic. – GAAP | $ | 0.16 | $ | 0.10 | ||||
| 3 month weighted average shares used in computing per share amounts – basic.- GAAP | 12,647,532 | 12,450,532 | ||||||
| 6 month Operating Cash Flow Ended June 30 | ||||||||
| Operating Cash Flow (6 months). NON-GAAP | $ | 4,253,875 a,b,c | $ | 3,853,907 a,b,c | ||||
| Operating Cash Flow per share excluding non-operating items and items not related to current operations (3 months) – basic. -NON-GAAP | $ | 0.34 a,b,c | $ | 0.31 a,b,c | ||||
| Non-cash Adjustments (6 month) -GAAP | $ | 1,155,933 d | $ | 1,318,784 d | ||||
| Shares (6 month basic weighted average) used in computing per share amounts – basic -GAAP | 12,617,808 | 12,450,118 | ||||||
Notes: certain items not related to “operations” of the Company’s net income are listed below.
a) Non-GAAP – Flexible Solutions International purchased
b) Non-GAAP – amounts exclude certain cash and non-cash items: Depreciation and Stock compensation expense (2025 =
c) The revenue and gain from the
d) Non-GAAP – amounts represent depreciation and stock compensation expense.
SAFE HARBOR PROVISION
The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Flexible Solutions International
6001 54th Ave, Taber, Alberta, CANADA T1G 1X4
Company Contacts
Jason Bloom
Toll Free: 800 661 3560
Fax: 403 223 2905
E-mail: info@flexiblesolutions.com
If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com
To find out more information about Flexible Solutions and our products, please visit www.flexiblesolutions.com.
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