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Above Food delays audit and forecasts over $40 million profit

Above Food Ingredients has postponed completion of the audit for the fiscal year ended January 31, 2025, into the new year due to illness-related absences and holidays, and has requested a 180-day extension from NASDAQ. The company now expects a profit of over $40 million for the fiscal year ending January 31, 2026, up from a previous forecast of $30 million. Above Food reports progress on the audit, is working on a restructuring and has appointed a new auditor; it also said it has paid off all corporate debt. » More on de.investing.com
Above Food Ingredients eliminates corporate debt and expects profit of over $30 million

Above Food Ingredients shares rose premarket after the company said it has eliminated all corporate debt and expects a profit of more than $30 million for the fiscal year ending January 31, 2026. Above Food named a new auditor with expertise in the tokenization of digital assets and aims to file Form 20‑F by December 12, 2025. The merger with Palm Global will be accelerated; leadership teams are working on operational integration and other milestones. The company emphasizes that, following the restructuring program, it is now positioned for sustainable profitability. » More on de.investing.com
Above Food receives $20 million convertible note from Web3 investor Aqua 1 Foundation

Above Food secured a $20 million convertible note from the Aqua 1 Foundation, convertible at $2.50 per share. Aqua 1, through its unit Aqua Labs Investment, will integrate blockchain, tokenization and stablecoin technologies into the Above Food ecosystem and provide technological support. The financing is intended to support the company’s scaling and growth strategy, although data show Above Food has high debt and difficulties making interest payments. The company also announced a merger with Palm Global and the appointment of CBIZ CPA to complete the overdue annual report and restore NASDAQ compliance. » More on de.investing.com

Financials

In the last year, ABOVE FOOD ING.INC. Aktie had revenue of €253.81M and net profit of -€36.73M

(EUR)	2024	YoY
Revenue	253.81M	7.49%
Gross profit	-4.06M	358.88%
Net profit	-36.73M	16.68%
EBITDA	-26.35M	4.52%

Fundamentals

Metric	Value
Market capitalization	€1.33M
Number of shares	51.19M
52-week high/low	€5.67 - €0.000432
Dividends	No
Beta	0.13
P/E ratio	-
PEG ratio	-
P/B ratio	-
P/S ratio	-

Company profile

Above Food Ingredients Inc. ist ein Unternehmen für regenerative Zutaten, das vertikal integrierte Produkte für die Lieferkette in Kanada, den Vereinigten Staaten, Mexiko, China, Frankreich, der Türkei und international herstellt. Das Unternehmen ist in zwei Segmenten tätig: Disruptive Agriculture and Rudimentary Ingredients und Consumer Packaged Goods. Das Segment Disruptive Agriculture and Rudimentary Ingredients befasst sich mit der Bereitstellung von diskreter Genetik, der Erzeugung, dem Einkauf, der Sortierung, der Verarbeitung und dem Verkauf von regenerativ angebautem Getreide sowie der Erzeugung, dem Einkauf und dem Verkauf von maßgeschneiderten Zutatenprodukten. Das Segment Consumer Packaged Goods formuliert, produziert, verkauft, vertreibt und vermarktet eigene Produktformulierungen für eigene Marken und konzentriert sich auf die Herstellung und den Vertrieb von Eigenmarken für den Einzelhandel. Above Food Ingredients Inc. hat seinen Sitz in Regina, Kanada.