1933 Industries Announces Year End 2025 Financial Results and Reports Positive Income
Rhea-AI Summary
1933 Industries (OTC:TGIFF) reported audited results for the years ended July 31, 2025 and 2024, announcing a positive operating result for Fiscal 2025. The company delivered $17.45 million revenue and a record gross profit of $5.16 million, with gross margin rising to 30% (26% excluding fair value adjustments).
Net income before taxes was $33,548 and comprehensive income was $197,621, a turnaround from a $2.25 million net loss in Fiscal 2024. Management cited cultivation improvements, higher THC levels, and inventory optimization. AMA branded products ranked among the top five-selling cannabis brands in Nevada.
Subsequent events included repurchase and cancellation of $475,000 principal of convertible debentures for $47,500, and expiries of stock options and warrants. The release also noted Farm Bill hemp THC limits that could reduce hemp-derived competition in some markets.
Positive
- Gross profit of $5,164,676 (record)
- Gross margin increased to 30% in Fiscal 2025
- Turned to net income before taxes of $33,548 from a $2.25M loss
Negative
- Total revenue declined to $17.45M from $19.35M in Fiscal 2024
- State-wide retail slowdown and industry pricing compression reduced revenue
- Tourism weakness in Nevada weighed on sales volumes and pricing
News Market Reaction
On the day this news was published, TGIFF gained 12.07%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While TGIFF is down 21.21%, peers like LIFD (+27.14%), BUDZ (+10.54%), and PCLOF (+11.11%) are up, suggesting a stock-specific move rather than sector weakness.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 01 | Annual earnings | Positive | +12.1% | First positive annual income with higher gross profit and margins. |
| Sep 09 | Debt repurchase | Positive | -9.3% | Repurchase and cancellation of <b>$475,000</b> convertible debentures. |
| Sep 02 | Debt repurchase | Positive | +2.7% | Announced plan to repurchase <b>$475,000</b> debentures at a discount. |
| Jul 17 | AGM notice | Neutral | +2.9% | Reminder of AGM and voting deadlines for shareholders. |
| Jun 16 | Quarterly earnings | Positive | -6.8% | Q3 2025 profit with higher revenue, margins, and 100% AMA ownership. |
Earnings and balance-sheet improvements often led to volatile and sometimes contrarian price reactions, with both rallies and selloffs on ostensibly positive news.
Over the last year, 1933 Industries has reported multiple improving financial results, including Q1–Q3 2025 earnings and record Fiscal 2024 revenues. Key themes include rising gross margins, a shift to profitability, and debt reduction via repurchasing $475,000 of convertible debentures for $47,500. The latest Fiscal 2025 release shows full-year net income and higher gross profit, continuing this turnaround trajectory despite revenue pressure and Nevada market headwinds.
Market Pulse Summary
The stock surged +12.1% in the session following this news. A strong positive reaction aligns with the company’s pattern of meaningful moves around earnings, where prior results showed an average shift of 11.96%. The full-year turn to positive income and higher margins could justify enthusiasm. However, past instances also showed sharp reversals after good news, and thin volume around 13,000 shares may amplify volatility if buying interest fades.
Key Terms
convertible debentures financial
stock options financial
ifrs regulatory
AI-generated analysis. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries")(CSE:TGIF)(OTCID:TGIFF), a Nevada-focused cannabis cultivator and producer, is pleased to announce its audited annual financial results for the years ended July 31, 2025 and 2024 ("Fiscal 2025"). All amounts expressed are in Canadian dollars.
The Company owns
Focusing on quality and value offerings, the Company wholesales cannabis flower, pre-rolls and boutique concentrate products under its proprietary AMA brand to retail accounts across Nevada. AMA branded products consistently rank as top sellers based on volume in the state and the Company is a key supplier in the Las Vegas market.
FISCAL 2025 HIGHLIGHTS
Realized net income before taxes of
$0.03 million and comprehensive income of$0.2 million compared to a net loss before taxes of$2.25 million and comprehensive loss of$1.07 million in fiscal 2024 -recording over100% improvement in earningsDelivered revenue of
$17.4 million -improving cultivation, THC levels and optimizing inventoryAchieved record gross profit of
$5.4 million -gaining efficiencies in plant growth and cost savingsRecorded gross margin of
26% -indicating improved efficiencies across all operationsRecognized as a top 5 selling cannabis brand in Nevada [2]
MANAGEMENT COMMENTARY
During Fiscal 2025, the Company remained focused on its core business, implementing a new strategy of disciplined financial controls while making substantial operational improvements and optimizing its inventory. In cultivation, the Company made key enhancements that resulted in plants testing higher THC concentrations. These efforts contributed to an over
In the concentrates category, AMA consistently held a top-three position, reaching second place in July, September, and October. In the flower category, AMA ranked fifth during those same months, underscoring steady consumer demand and strong brand loyalty.
"Our performance in Fiscal 2025 reflects the strength of our strategy and the resilience of our team. Achieving positive income for the first time in the history of the Company gives us further confidence that we are on the right path. AMA's consistent top rankings in Nevada demonstrate the power of our brand and our commitment to quality. We are confident that these achievements position us well for continued growth in the year ahead," said Mr. Brian Farrell, Chairman and CEO of 1933 Industries.
Ms. Ester Vigil, President, said, "We are constantly innovating and remain agile in responding to changing market conditions. We have solidified our brand presence with established product offerings, supported by our renowned reputation for quality flower, pre-rolls, and concentrates that meet evolving consumer demands. We thank our entire team for their ongoing dedication and commitment to quality, while delivering value to our wholesale accounts."
FISCAL 2025 AND FISCAL 2024 CONSOLIDATED OPERATING FINANCIAL HIGHLIGHTS
Total revenues were
$17,446,923 for 2025 and$19,350,916 for 2024. Despite an increase in total units sold over the previous year, the decrease in revenue is attributed to ongoing price compression and a state-wide slowdown in cannabis retail sales across Nevada.Expenses were
$5,131,128 for 2025 compared to$5,196,048 for 2024. The decrease from the prior year was primarily due to decreases to wages and benefits, professional, and management fees.Gross profit was
$5,164,676 for 2025 and gross profit of$2,941,963 for 2024. The increase in gross profit was primarily due to decreases in cost of sales from operational efficiencies.Net income before taxes was
$33,548 for 2025 and comprehensive income was$197,621. Net loss before taxes was$2,254,085 and comprehensive loss was$1,065,679 in the prior year, signaling a strong performance and improved operational efficiency. The results position the Company for growth and boost confidence in its strategic direction.Gross margin excluding fair value adjustments, calculated as gross profit excluding fair value adjustments divided by revenue was
26% in Fiscal 2025 and margin of14% in Fiscal 2024, indicating slightly reduced production costs against revenues in the year. Gross margin calculated as gross profit divided by revenue was30% in Fiscal 2025 and a margin of15% in Fiscal 2024.
SUBSEQUENT EVENTS
On September 9, 2025, the Company announced that it had closed the Debenture Repurchase Agreement (the "Agreements"), with two arm's length parties for the repurchase and cancellation of a portion of the Company's outstanding unsecured convertible debentures. Pursuant to the Agreements, the Company repurchased
On November 8, 2025, a total of 10,550,000 stock options with an exercise price of
On November 9, 2025, a total of 3,700,000 share purchase warrants with an exercise price of
The recent amendments introduced in the Farm Bill by the US government included a redefinition of hemp and THC standards. Under the amendments, finished hemp-derived products must contain no more than 0.4 mg of total THC per container, which effectively bans nearly all intoxicating hemp products like delta-8 gummies, THCA flower, and THC beverages. For licensed cultivators in legal states such as 1933 Industries, the hemp ban could reduce competition from hemp-derived THC businesses, especially in states where hemp products previously filled gaps in consumer demand. This shift may increase demand for regulated cannabis products, creating a potential growth opportunity for licensed operators, reducing price pressure and consumer diversion.
Financial statements are prepared in accordance with IFRS® Accounting Standards issued by the International Accounting Standards Board ("IASB") and the IFRIC® Interpretations of the IFRS Interpretations Committee. Detailed information regarding the Company's financial results as well as management's discussion and analysis can be found at https://sedar.com/ and https://1933industries.com/investors/financial-information.
About 1933 Industries Inc.
1933 Industries is a Nevada-based licensed producer, focused on the cultivation and extraction of a large portfolio of cannabis consumer products in a variety of formats under its flagship brand, Alternative Medicine Association (AMA). Its product offerings are cultivated at the Company's 68,000 sq. ft. indoor facility and marketed directly to retail dispensaries. AMA branded flower, infused pre-rolls, and in-house boutique concentrates consistently rank as the top products sold in Nevada. For more information, please visit www.1933industries.com
For further information please contact:
Alexia Helgason, VP, Investor Relations
604-728-4407
alexia@1933industries.com
Brian Farrell, Chairman and CEO
brian@1933industries.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com . 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
[1] As of May 30, 2025
[2] https://www.headset.io/brands/alternative-medicine-association-ama
SOURCE: 1933 Industries Inc.
View the original press release on ACCESS Newswire
FAQ
What were 1933 Industries (TGIFF) total revenues and gross profit for Fiscal 2025?
Did 1933 Industries (TGIFF) report a net profit in Fiscal 2025?
How did 1933 Industries (TGIFF) gross margin change year over year?
What operational improvements did 1933 Industries (TGIFF) cite for Fiscal 2025 results?
What material corporate actions did 1933 Industries (TGIFF) complete after fiscal year end?
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