Delota Reports Financial Results for the Three Months Ended June 30, 2025
Delota Corp (CSE: NIC) has reported strong financial results for Q1 2026 (three months ended June 30, 2025). The company achieved total revenue of $10.0 million, with a 36% gross profit margin and positive Adjusted EBITDA of $351,800, marking its ninth consecutive quarter of positive EBITDA.
The company's revenue breakdown shows B2C vape sales of $7.7 million, B2B vape sales of $1.4 million, and B2C cannabis sales of $1.0 million. Delota successfully completed the early redemption of $900,000 in senior secured convertible debentures and maintains a customer base of over 300,000 registered accounts.
Notable developments include a new retail partnership with 180 Global for Eastern Canada operations, the expansion of retail footprint to 32 locations, and a change in fiscal year-end from January 31st to March 31st.
Delota Corp (CSE: NIC) ha pubblicato risultati finanziari solidi per il primo trimestre 2026 (trimestre terminato il 30 giugno 2025). La società ha registrato ricavi totali per 10,0 milioni di dollari, con un margine lordo del 36% e un Adjusted EBITDA positivo di 351.800 dollari, segnando il nono trimestre consecutivo con EBITDA positivo.
La ripartizione dei ricavi mostra vendite B2C di vape per 7,7 milioni di dollari, vendite B2B di vape per 1,4 milioni di dollari e vendite B2C di cannabis per 1,0 milione di dollari. Delota ha completato con successo il rimborso anticipato di 900.000 dollari in debentures convertibili senior garantite e mantiene una base clienti di oltre 300.000 account registrati.
Tra gli sviluppi rilevanti figurano una nuova partnership retail con 180 Global per le operazioni nell'Est del Canada, l'espansione della presenza retail a 32 punti vendita e la modifica della chiusura dell'esercizio fiscale dal 31 gennaio al 31 marzo.
Delota Corp (CSE: NIC) ha presentado sólidos resultados financieros para el primer trimestre de 2026 (tres meses terminados el 30 de junio de 2025). La compañía consiguió ingresos totales de 10,0 millones de dólares, con un margen bruto del 36% y un Adjusted EBITDA positivo de 351.800 dólares, que representa su noveno trimestre consecutivo con EBITDA positivo.
La desagregación de ingresos muestra ventas B2C de vape por 7,7 millones de dólares, ventas B2B de vape por 1,4 millones de dólares y ventas B2C de cannabis por 1,0 millón de dólares. Delota completó con éxito el reembolso anticipado de 900.000 dólares en pagarés convertibles senior garantizados y mantiene una base de clientes de más de 300.000 cuentas registradas.
Entre los hitos destaca una nueva alianza minorista con 180 Global para las operaciones del este de Canadá, la ampliación de su presencia en tienda a 32 ubicaciones y el cambio del cierre del ejercicio fiscal del 31 de enero al 31 de marzo.
Delota Corp (CSE: NIC)는 2026 회계연도 1분기(2025년 6월 30일로 종료된 3개월)에 대한 견조한 재무실적을 보고했습니다. 회사는 총수익 1,000만 달러를 달성했으며, 매출총이익률 36%과 조정 EBITDA 351,800달러(흑자)를 기록해 9분기 연속 흑자 EBITDA를 유지했습니다.
수익 구성은 B2C 전자담배 매출 770만 달러, B2B 전자담배 매출 140만 달러, B2C 대마초 매출 100만 달러로 나타났습니다. Delota는 90만 달러 규모의 선순위 담보 전환사채를 조기 상환했으며, 등록 계정 수가 30만 개 이상인 고객 기반을 유지하고 있습니다.
주요 성과로는 캐나다 동부 운영을 위한 180 Global과의 신규 소매 파트너십, 소매 지점 수를 32곳으로 확대한 점, 회계연도 종료일을 1월 31일에서 3월 31일로 변경한 점이 포함됩니다.
Delota Corp (CSE: NIC) a annoncé de solides résultats financiers pour le premier trimestre 2026 (trois mois clos le 30 juin 2025). La société a réalisé un chiffre d'affaires total de 10,0 millions de dollars, avec une marge brute de 36% et un Adjusted EBITDA positif de 351 800 dollars, marquant son neuvième trimestre consécutif d'EBITDA positif.
La répartition des revenus indique des ventes B2C de produits vape pour 7,7 millions de dollars, des ventes B2B de vape pour 1,4 million de dollars et des ventes B2C de cannabis pour 1,0 million de dollars. Delota a procédé au remboursement anticipé réussi de 900 000 dollars de débentures convertibles senior garanties et compte une base de clients de plus de 300 000 comptes enregistrés.
Parmi les faits marquants figurent un nouveau partenariat retail avec 180 Global pour les opérations de l'Est du Canada, l'expansion du réseau de points de vente à 32 emplacements et le changement de la clôture de l'exercice fiscal du 31 janvier au 31 mars.
Delota Corp (CSE: NIC) hat für das erste Quartal 2026 (drei Monate zum 30. Juni 2025) starke Finanzergebnisse gemeldet. Das Unternehmen erzielte Gesamtumsatz von 10,0 Mio. USD, mit einer Bruttomarge von 36% und einem positiven Adjusted EBITDA von 351.800 USD, womit es das neunte Quartal in Folge mit positivem EBITDA verzeichnete.
Die Umsatzaufteilung zeigt B2C-Vape‑Verkäufe von 7,7 Mio. USD, B2B-Vape‑Verkäufe von 1,4 Mio. USD und B2C-Cannabis‑Verkäufe von 1,0 Mio. USD. Delota hat die vorzeitige Rückzahlung von 900.000 USD an besicherten vorrangigen Wandelanleihen erfolgreich abgeschlossen und verfügt über eine Kundendatenbank mit mehr als 300.000 registrierten Konten.
Zu den bemerkenswerten Entwicklungen zählen eine neue Einzelhandelspartnerschaft mit 180 Global für die Aktivitäten in Ostkanada, die Ausweitung des Filialnetzes auf 32 Standorte sowie die Änderung des Geschäftsjahresendes vom 31. Januar auf den 31. März.
- Ninth consecutive quarter of positive Adjusted EBITDA at $351,800, up from $105,366 in Q1 2025
- Revenue growth to $10.04 million compared to $9.88 million in Q1 2025
- Net income of $209,654 compared to a loss of $508,188 in Q1 2025
- Early redemption of $900,000 in senior secured convertible debentures strengthening balance sheet
- Expansion of retail footprint to 32 locations
- Strong customer base of over 300,000 registered accounts
- Gross profit margin decreased to 36% from 40% in Q1 2025
- Working capital deficit of $572,931
- Total liabilities remain high at $12.78 million despite reduction from $13.92 million
Highlights:
Total revenue of
$10.0 million for Q1 202636% gross profit margin for Q1 2026Positive Adjusted EBITDA of
$0.3 million for Q1 2026
Segmented revenue for Q1 2026:
Vape - B2C:
$7.7 million , B2B:$1.4 million Cannabis - B2C:
$1.0 million
Completed the early redemption of senior secured convertible debentures in the amount of
$900,000 plus accrued interestCustomer base of over 300,000 registered accounts across online and brick-and-mortar platforms
Vaughan, Ontario--(Newsfile Corp. - August 29, 2025) - Delota Corp. (CSE: NIC) (FSE: S62) ("Delota" or the "Company"), a leading Canadian omni-channel retailer of nicotine vape and alternative tobacco products, is pleased to report it has filed its interim consolidated financial statements, management discussion and analysis, and associated certifications (collectively, the "Q1 2026 Filings") for the three months ended June 30, 2025. The Q1 2026 Filings may be accessed under the Company's SEDAR+ profile at www.sedarplus.ca.
Cameron Wickham, CEO of Delota, commented, "We are pleased to report another outstanding quarter for Delota generating
Financial Highlights:
Total revenue of
$10,043,670 for the three months ended June 30, 2025 ("Q1 2026") as compared to$9,883,883 for the three months ended April 30, 2024 ("Q1 2025")36% gross profit margin for Q1 2026 as compared to40% for Q1 2025Positive Adjusted EBITDA of
$351,800 for Q1 2026 as compared to$105,366 for Q1 2025
Segmented revenue for Q1 2026:
Vape - B2C:
$7.7 million , B2B:$1.4 million Cannabis - B2C:
$1.0 million
Other Highlights:
On July 15, 2025, the Company changed its auditor to Horizon Assurance LLP.
On July 7, 2025, the Company announced it had entered into agreements with 180 Global relating to the licensing of the 180 Smoke Vape Store brand for retail online sales in Eastern Canada. 180 Global assumed operational functions in Eastern Canada as a result of the retail partnership in exchange for certain service fees and a royalty fee payable to the Company.
On April 22, 2025, the Company completed the early redemption of senior secured convertible debentures in the amount of
$900,000 plus accrued interest and the security interests and obligations of the Company and its guarantors have been discharged and all pledged securities have been returned to the Company.On February 3, 2025, the Company opened a 180 Smoke Vape Store located at 1530 Albion Road, Unit 51A, Albion Mall, Etobicoke, expanding its retail footprint to 32 locations.
On January 22, 2025, the Company announced a change to its fiscal year end from January 31st to March 31st.
On August 26, 2024, the Company opened a 180 Smoke Vape Store located at 499 Main Street South, Unit 60D, Shoppers World, Brampton.
On July 25, 2024, the Company opened a 180 Smoke Vape Store located at 70 Joseph Street, Parry Sound.
Select Financial Information
The following selected financial information for the three months ended June 30, 2025 and the three months ended April 30, 2024 are derived from the Company's interim consolidated financial statements for the three months ended June 30, 2025 and the interim consolidated financial statements for the three months ended April 30, 2024.
| Three Months Ended June 30, 2025 | Three MonthsEnded April 30, 2024 | |||||
| $ | $ | |||||
| Revenue | 10,043,670 | 9,883,883 | ||||
| Net income (loss) for the period | 209,654 | (508,188) | ||||
| Net earnings (loss) per share - basic and diluted | 0.01 | (0.02) | ||||
| Working capital (deficit) | (572,931) | (604,863) | ||||
| Total assets | 14,313,979 | 14,018,560 | ||||
| Total non-current liabilities | 5,024,210 | 6,899,362 | ||||
| Total liabilities | 12,780,464 | 13,924,196 | ||||
| Share capital | 7,832,560 | 7,807,481 | ||||
| Warrant reserve | 99,398 | 99,398 | ||||
| Contributed surplus | 507,513 | 510,159 | ||||
| Accumulated deficit | (6,905,956 | ) | (8,322,674 | ) | ||
| Shareholders' equity | 1,533,515 | 94,364 |
Adjusted EBITDA
The Company's "Adjusted EBITDA" is a non-IFRS metric used by management that does not have any standardized meaning prescribed by IFRS and may not be fully comparable to similar measures presented by other companies. Management defines Adjusted EBITDA as the net income (loss) reported, before income taxes and other expense (income) items such as finance costs, finance income, gains and losses related to derivative liability valuations, and adjusted for share-based compensation, depreciation and amortization expenses, gains and losses related to the revaluations of its right-of-use assets and lease liabilities and foreign exchange differences.
The reconciliation of net income (loss) to Adjusted EBITDA is presented below.
| Three Months Ended June 30, 2025 | Three Months Ended April 30, 2024 | |||||
| $ | $ | |||||
| Net income (loss) for the period - as reported | 209,654 | (508,188) | ||||
| Depreciation and amortization | 128,365 | 132,610 | ||||
| Interest and accretion expenses | 111,418 | 203,918 | ||||
| Stock-based compensation | - | 3,154 | ||||
| Fair value adjustment of derivative liabilities | (43,508 | ) | 293,831 | |||
| Deferred tax recovery | (15,944 | ) | (15,944 | ) | ||
| Lease adjustments | (41,716 | ) | (13,341 | ) | ||
| Foreign exchange loss | 3,531 | 9,326 | ||||
| Adjusted EBITDA | 351,800 | 105,366 |
About Delota Corp.
Delota is the largest omni-channel specialty vape retailer in Ontario with a mission of becoming one of the largest national specialty retailers of nicotine vape and alternative tobacco products. The Company's growth strategy includes aggressively growing its flagship brand, 180 Smoke Vape Store, by expanding its retail footprint organically in Ontario and select provinces across Canada, strengthening its national e-commerce platform, and through strategic M&A to accelerate growth and market consolidation. The Company is committed to expanding its nicotine product assortment, enhancing customer experience, and growing its registered customer base, which now exceeds 300,000 accounts.
Investors interested in learning more about Delota can visit www.delota.com.
For further information, please contact:
Delota Corp.
Cameron Wickham
Executive Vice Chair and CEO
T: (905) 330-1602
E: info@delota.com
Cautionary Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include statements made regarding information about future plans, expectations and objectives of the Company overall.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, developments and changes in laws and regulations, consumer sentiment towards the Company's products, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology and social changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264525
FAQ
What were Delota's (CSE: NIC) key financial results for Q1 2026?
How is Delota's revenue segmented across its business lines?
What strategic developments did Delota announce in Q1 2026?
How has Delota's profitability changed compared to Q1 2025?
What is the current state of Delota's balance sheet?
